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☆ Russia's central bank raises key rate to 21% to rein in higher-than-forecast inflation
▼ + stars: | 2024-10-25 | by ( Ruxandra Iordache | ) www.cnbc.com time to read: +1 min

Photo: Ulf Mauder/dpa (Photo by Ulf Mauder/picture alliance via Getty Images)Russia's central bank on Friday raised its key interest rate by 200 basis points to 21%, citing consumer price increases considerably above its forecast and warning of ongoing high inflation risks in the medium term. The key rate was previously taken up by 100 basis points to 19% in September. On Friday, the central bank noted annual seasonally adjusted inflation hit an average of 9.8% in September, up from 7.5% in August. "Over the medium-term horizon, the balance of inflation risks is still significantly tilted to the upside," the bank said in a statement. "The key risks are associated with persistently high inflation expectations and the upward deviation of the Russian economy from a balanced growth path, as well as with a deterioration in foreign trade conditions."

Persons: Ulf Mauder Organizations: Foreign Ministry, Getty, Reuters Locations: Russia, Ukraine

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Persons: I’ve, ”, Rebecca Rodriguez, “ I’ve, I’m, Zoe Malin, Lindsay Schneider, Malin, “, that’s, terry, Frank Stella, Schneider, Goetz, They’re, Le Creuset, Le, Cory Fernandez, Mili Godio, wicks, Fernandez, TikTok Organizations: NBC, Le, Stationery, Nordstrom, Facebook, Twitter

Mārtiņš Kazāks, governor of the Bank of Latvia and a member of the European Central Bank's Governing Council, on Thursday weighed in on the possibility of a jumbo half-point interest rate cut for December. When asked for his views on a 50-basis rate cut by the ECB at its next meeting, he said that "everything should be on the table." "But we will have that discussion in December," he told CNBC's Karen Tso at the IMF's annual meetings in Washington, D.C. Thursday. His comments come after the ECB delivered a back-to-back interest rate cut for the first time in 13 years at its October meeting. It also comes a day after Portuguese central bank chief Mario Centeno made similar comments.

Persons: Mārtiņš Kazāks, CNBC's Karen Tso, —, Mario Centeno, Centeno Organizations: Bank of, European Central Bank's Governing, ECB, CNBC Locations: Bank of Latvia, Washington ,, Portuguese

☆ Our software stocks jump, and industrial earnings teach an investment lesson
▼ + stars: | 2024-10-24 | by ( Jeff Marks | ) www.cnbc.com time to read: +4 min

Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. Dover CEO Richard Tobin discussed the dynamic on the company's third quarter earnings call earlier Thursday . 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, it's, Tesla, ServiceNow, Salesforce, Oppenheimer, Textron, It's, We're, Richard Tobin, Tobin, Edwards Lifesciences, Dexcom, Newell, Jim Cramer's, Jim Organizations: CNBC, ., Nasdaq, Dow Jones, Palo Alto Networks, Honeywell, Dover, Carrier Global, Aerospace, Union Pacific, United Parcel Service, Barclays, UPS, Federal Reserve, Boston Beer, Abbott Laboratories, Colgate, Palmolive, Centene, Newell Brands, New York Community Bancorp, Commerce Department, University of, Jim Cramer's Charitable Locations: Palo, Dover

☆ Tesla shares are soaring After EV maker's earnings report. What analysts are saying
▼ + stars: | 2024-10-24 | by ( Brian Evans | ) www.cnbc.com time to read: +4 min

TSLA YTD mountain Tesla stock in 2024. Jonas reiterated his overweight rating on Tesla stock, and his price target implies 45% upside. Wells Fargo, $125 per share price target Wells Fargo isn't a buyer after the strong results, citing high valuations. His neutral rating and $250 per share price target implies roughly 17% upside ahead. Barclays, $220 per share price target Barclays had positive takeaways from the report but reaffirmed that questions remain around Tesla's artificial intelligence and full self driving initiatives.

Persons: Elon Musk, Tesla, they're, Morgan Stanley, Morgan Stanley's Adam Jonas, Jonas, Wells, Colin Langan, Langan, Goldman Sachs, Mark Delaney, Delaney, Dan Levy, Levy, John Murphy, Murphy Organizations: FactSet, Tesla, Barclays, Bank of America Locations: Texas, California, Shanghai

☆ Things aren't looking great at Gucci, and Kering says its Asia Pacific slump is to blame
▼ + stars: | 2024-10-24 | by ( Aditi Bharade | ) www.businessinsider.com time to read: +4 min

Gucci had a challenging third quarter partly due to its Asia Pacific slump, per Kering's latest earnings call. AdvertisementGucci just had a bad quarter, and Kering is attributing the lackluster performance to a slump in its Asia Pacific market. According to a third-quarter revenue infographic by Kering, sales in the Asia Pacific region were down 38% compared to the previous year. According to Kering, Gucci saw a 7% increase in sales in Japan in the third quarter compared to the start of 2024. AdvertisementApart from Gucci, Kering's other brand, Yves Saint Laurent, also suffered a loss.

Persons: Gucci, It's, —, Henri Pinault, James Grzinic, LVMH, Kering, Amrita Banta, Yves Saint Laurent, Stefano Cantino, Cantino Organizations: Service, Gucci, RBC, Reuters, mojo, Jefferies, Research, Strategy, Business Insider Locations: Asia, China, Asia Pacific, Japan, Europe

☆ After news of DOJ warning, Elon Musk’s super PAC didn’t announce ‘daily’ lottery winner on Wednesday
▼ + stars: | 2024-10-24 | by ( Marshall Cohen | Shania Shelton | ) edition.cnn.com time to read: +3 min

CNN —Elon Musk’s super PAC didn’t announce a winner for its “daily” $1 million giveaway to registered swing state voters on Wednesday, the same day news broke that the Justice Department warned Musk’s group that its sweepstakes might be illegal. The super PAC has announced its winners each day to fanfare, with flashy videos posted to social media and celebratory tweets from Musk. It’s unclear if the Justice Department letter is why the super PAC didn’t publicly name a winner on Wednesday. CNN has reached out to the super PAC seeking comment. However, several election law experts who spoke to CNN pointed out that the fine print on Musk’s super PAC website explaining the official terms of entry did not change.

Persons: CNN — Elon, Musk, ” Musk, ”, Josh Shapiro, America PAC ” —, Trump, CNN’s Evan Perez, Hannah Rabinowitz, Daniel Strauss Organizations: CNN, CNN — Elon Musk’s, Wednesday, Justice Department, Trump, America PAC, PAC, Department, Pennsylvania Gov, Democrat, America PAC ” Locations: Butler , Pennsylvania, Pennsylvania

☆ Bernstein naming Meta the new 'set-it-and-forget-it' stock comes down 2 things
▼ + stars: | 2024-10-24 | by ( Paulina Likos | ) www.cnbc.com time to read: +4 min

In the battle of the tech giants, Wall Street firm Bernstein favors Meta Platforms over Alphabet . The analysts raised their Meta price target to $675 per share from $600 and kept their outperform buy rating on the stock. Bernstein acknowledged the valuation of Meta stock versus Alphabet "feels stretched" at the moment. Big picture Bernstein's bullish assessment of Meta's future growth prospects comes as the stock has significantly outperformed both the overall market and Alphabet. META YTD mountain Meta Platforms YTD Before Wednesday's 3% drop in an ugly market, Meta closed Tuesday just 2% off its record close of $595.94 on Oct. 4.

Persons: Bernstein, Meta, Shein, we're, Jim Cramer's, Kamala Harris, Jim, Jim Cramer Organizations: Wall, Google, Meta, Adobe, Facebook, CNBC Locations: Wednesday's, U.S

☆ Tesla reports earnings after the bell. Here's what Wall Street expects from the struggling EV giant
▼ + stars: | 2024-10-23 | by ( Samantha Subin | ) www.cnbc.com time to read: +3 min

The stakes are high for Tesla when the electric vehicle giant reports results after the bell Wednesday. Analysts polled by LSEG expect the company to report earnings of 58 cents per share on $25.37 billion in revenue. The company posted adjusted earnings per share of 52 cents and revenue of $25.50 billion last quarter . Stakes are even higher for the company following an underwhelming robotaxi event earlier this month that failed to impress Wall Street analysts and investors hopeful for a turnaround. He retained an equal weight rating and $220 price target, implying shares will trade in a range from here.

Persons: Li, Ryan Brinkman, Piper Sandler, Alexander Potter, Potter, Cantor Fitzgerald's Andres Sheppard, Sheppard, Dan Levy, Jefferies, Philippe Houchois, Tesla Organizations: Tesla, LSEG, EV, Li Auto, Wall Street, Barclays Locations: China

☆ Tamara de Lempicka: Curators are unraveling the mysteries of the belated art icon
▼ + stars: | 2024-10-23 | by ( Jacqui Palumbo | ) edition.cnn.com time to read: +10 min

2024 Tamara de Lempicka Estate, LLC/ADAGP, Paris/ARS, NY/1969 Christie’s Images LimitedThe artist painted her first husband, the lawyer Tadeusz de Lempicki, in 1928. Georges Meguerditchian/Centre Pompidou/Orange Logic/RMP/2024 Tamara de Lempicka Estate, LLC/ADAGP, Paris/ARS, NY Digital Image/CNAC/MNAM, Dist. Courtesy of Artis—Naples, The Baker Museum/2024 Tamara de Lempicka Estate, LLC/ADAGP, Paris/ARS, NY/RoseBudz Productions. 2024 Tamara de Lempicka Estate, LLC/ADAGP, Paris/ARS, NY/Courtesy of the Peterson Family CollectionLempicka exhibited around Paris regularly in the 1920s, but she struggled to sustain her artistic career. In the 1940s, Lempicka’s work was the subject of a book for the first time, coinciding with an exhibition in Rome.

Persons: Tamara de Lempicka, Lempicka, she’s, Barbra Streisand, Madonna —, Marjorie Ferry, de Young, “, ”, Furio Rinaldi —, Gioia Mori —, Ira Perrot, Tadeusz de Lempicki, Georges Meguerditchian, Rinaldi, She’s, —, wasn’t, bitingly, Belle, Lempicka —, Streisand, ” Streisand, Kizette, Tamara Rosa Hurwitz, Peterson, Irena Hochman, NY Lempicka, Bernini’s, Saint Teresa, Museo Soumaya.Fundación Carlos Slim, Baron Kuffner, Julien Levy —, San, there’s Organizations: CNN, de, Fine Arts, Centre Pompidou, Palais, Art, NY Banque d'Images, San, Baker Museum, RoseBudz, ., NY, Old, Museo, The Society of Modern Women Artists, Pittsburgh’s Carnegie Institute Locations: Polish, San Francisco, Europe, Paris, NY, Centre, Orange, Dist, RMN, St . Petersburg, Russian, French, ”, Artis — Naples, New York, Moscow, Warsaw, Mexico City, Milwaukee, Young, Rome

CNN —The Justice Department warned Elon Musk’s America PAC in recent days that his $1 million sweepstakes to registered voters in swing states may violate federal law, people briefed on the matter told CNN. Musk’s initial promise to pay prizes to registered voters immediately raised concerns from election law experts and some state officials who questioned whether it ran afoul of the law. The language of the petition currently promises $1 million prizes to people chosen at random for signing a petition in support of First and Second Amendment freedoms. But to sign the petition, you must be registered to vote in specific states. Only petition signers can win the $1 million prize, and signers “must be registered voters of Arizona, Michigan, Georgia, Nevada, North Carolina, Pennsylvania, or Wisconsin.”It’s not clear when Musk received the Justice Department’s letter and whether it prompted changes to messaging around the giveaway.

Persons: Elon, Musk, Donald Trump, ” Musk, Josh Shapiro, ”, America PAC ” – Organizations: CNN, The, Department, Elon Musk’s America PAC, Justice, Trump, ”, Pennsylvania Gov, Democrat, America PAC ” Locations: Harrisburg , Pennsylvania, Arizona , Michigan, Georgia, Nevada , North Carolina , Pennsylvania, Wisconsin

☆ Romance author Ana Huang says self-publishing books is like running a small business
▼ + stars: | 2024-10-22 | by ( Samantha Grindell | ) www.businessinsider.com time to read: +8 min

Huang, now a beloved BookTok author, compared self-publishing to running a small business. Self-publishing for creative controlUnlike many unknown authors, Huang didn't dream of signing with a traditional publisher when her writing career began. "I didn't start out thinking I would be traditionally published or even that I necessarily wanted to be traditionally published," Huang told BI. Advertisement"For like a year or two, all I did was just consume content about self-publishing," Huang said. Huang told BI her fans can look forward to a darker hero in her next release.

Persons: Ana Huang, Huang, —, Ana Huang's, Asher Donovan, Scarlett Dubois, Forbes, — Huang, Huang didn't, Heidi Gutman, Taylor Swift, HarperCollins —, Bloom, Meghan Quinn, Grey, E.L, James, BookTok, it's, they're, that's, I'm, Asher Organizations: Service, —, ABC, HarperCollins, Bloom Books, Entertainment, Facebook Locations: BookTok

☆ Inside the efforts to reach young Black men who might stay home instead of voting
▼ + stars: | 2024-10-22 | by ( Arit John | ) edition.cnn.com time to read: +8 min

Philadelphia CNN —Dozens of Black motorcyclists drove through north and west Philadelphia over the weekend with a simple message for Black men: Go vote. Younger Black men have received increased attention from the Harris campaign in recent days. Since January, Black Men Vote has been reaching out to its target audience in Michigan, Wisconsin and Pennsylvania, where the group says it has registered more than 100,000 Black men to vote. Black Men Vote has also partnered with barbers, who they’ve trained as voting ambassadors to talk to clients about civic engagement. Ninety-two percent of Black voters in the state backed the president, including 89% of Black men and 94% of Black women, according to CNN exit polls.

Persons: –, ’ ”, Mark Kelly Tyler, Kamala Harris ’, isn’t, Donald Trump’s, Harris, Tyjuan Harris, Al Gore, hadn’t, “, ” Harris, “ America’s, ” Joe Paul, they’ve, Paul, Barack Obama, Kamala Harris, she’s, ”, Joe Biden, Biden, Trump, Hillary, surrogates, Jazzy Jeff, Omar Sabir Organizations: Philadelphia CNN, Black, Black Riders, Mother, Mother Bethel AME Church, Republicans, Custom Creations, CNN, Trump, Pennsylvania, Philadelphia Locations: Philadelphia, Mother Bethel, Pittsburgh, West, America, Michigan , Wisconsin, Pennsylvania, Black, Germantown, Philadelphia County

☆ Wall Street shifts focus back to Tesla's core auto business ahead of earnings as robotaxi hype fades
▼ + stars: | 2024-10-22 | by ( Matthew Fox | ) www.businessinsider.com time to read: +6 min

Some analysts expect Tesla's third-quarter earnings to signal a turning point, while others see more pain ahead. AdvertisementTesla will report third-quarter earnings results after the market close on Wednesday, and Wall Street will be hyper-focused on the company's core auto business. However, some analysts on Wall Street expect the upcoming third-quarter earnings print will be a sign that the worst is behind Tesla. Here's what Wall Street expects from Tesla's upcoming earnings report. But perhaps more important than vehicle deliveries for Wall Street is Tesla's profit margins.

Persons: —, Tesla, Dan Levy, Levy, Wells, Colin Langan, Langan, Dan Ives, Ives, Joel Levington, Levington Organizations: Service, Wall, Barclays, Tesla Energy, Tesla, Bloomberg Intelligence, Acura, Volvo Locations: Wells Fargo, Wells

☆ Here are Monday's biggest analyst calls: Nvidia, Apple, Amazon, Reddit, Tesla, RH, Warby Parker, UPS and more
▼ + stars: | 2024-10-21 | by ( Michael Bloom | ) www.cnbc.com time to read: +7 min

Piper Sandler reiterates Tesla as overweight Piper says it's sticking with Tesla heading into earnings later this week. Morgan Stanley initiates BioAge Labs at overweight Morgan Stanley says the biotech company is well positioned. " Goldman Sachs upgrades Warby Parker to buy from neutral Goldman sees customer growth for the eyewear company. Morgan Stanley reiterates Home Depot as overweight Morgan Stanley raised its price target on Home Depot to $450 per share from $380. Morgan Stanley downgrades ServiceNow to equal weight from overweight Morgan Stanley said that expectations are already priced in to the stock.

Persons: John Donovan, Piper Sandler, Tesla, Piper, it's bullish, Morgan Stanley, Goldman Sachs, Warby Parker, Needham, Reddit, Gary Friedman, Jack Preston, Baird, TD Cowen, Cowen, Prologis, Goldman, Craig Felenstein, Jim Bombassei, Morgan Stanley downgrades ServiceNow Organizations: Deutsche Bank, GE Vernova, Deutsche, General Electric, BioAge, Barclays, UPS, FedEx, Dominion, Goldman, Nvidia, AMD, Mohawk Industries, JPMorgan, China EV, Catalyst, Bank of America, Fortune Locations: GitLab, NVDA, Europe, U.S, Las Vegas, China

☆ Initial investigation into US intelligence leak on Israeli attack planning focusing on who had access to documents
▼ + stars: | 2024-10-21 | by ( Katie Bo Lillis | Evan Perez | ) edition.cnn.com time to read: +5 min

The FBI is leading the investigation, working with Pentagon investigators and the intelligence community, according to US officials briefed on the matter. In recent days, investigators have worked to authenticate the documents and determine who could have had access to them, the officials said. Both documents were widely accessible products, according to two sources familiar with US intelligence. That could provide investigators with a critical jumping-off point: The Defense Department, like other federal agencies, tracks when employees print classified documents. Highlighting the sensitive nature of the leak, American officials were extremely tight-lipped about the investigation on Monday.

Persons: National Geospatial Intelligence Agency —, John Kirby, Kirby, ”, it’s, Jack Teixeira, Teixeira, CNN’s Natasha Bertrand, Zachary Cohen Organizations: CNN, House, Defense Department, National Security Agency, National Geospatial Intelligence Agency, FBI, Pentagon, The Defense Department, National Security, Department of Defense, East Spectator, US, National Geospatial - Intelligence Agency, Middle East Spectator, U.S . Department of Defense, National Locations: Iran, American, Israel, Australia, Canada, New Zealand, United Kingdom, South Korea, Ukraine

☆ Here's the trading playbook as data piles up in support of a 'no landing' for the US economy
▼ + stars: | 2024-10-20 | by ( Filip De Mott | ) www.businessinsider.com time to read: +5 min

Odds of a "no landing" scenario for the economy are rising amid continued strong economic data. The "no landing" scenario entails a continued run of hot economic data and growth that boosts markets but also precludes a steep rate-cutting cycle from the Federal Reserve. According to Cox, that means that short-term interest rates will drop to around 3% in the no landing scenario, even if long-term rates remain elevated. AdvertisementAfter all, a no landing scenario is the best outcome for the economy, Cox said, and given hot growth, the situation effectively tosses recession fears out the window. This would be just the fourth time in US history that the Fed has cut interest rates without a downturn, he added.

Persons: —, BofA, Reacceleration, Jamie Cox, Cox, They're, Morgan Stanley Organizations: Service, Federal Reserve, Bank of America, UBS, Fed, Nvidia, Apple

☆ Business Insider Subscriptions: Enjoy Premium News Stories
▼ + stars: | 2024-10-19 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +17 min

It isn't an accident that people who want to cancel a subscription often have to navigate a web of bureaucracy and confusion. "Actual affirmative consent from a consumer," Witte said, would establish trust between the consumer and the company, boosting loyalty. Along with litigation from the CFPB, state attorneys general have pursued legal action against big companies over hard-to-cancel subscriptions. Last year, Letitia James, New York's attorney general, sued SiriusXM over claims that the radio company trapped customers in subscriptions and maintained a complicated and burdensome cancellation process. AdvertisementIndustries have mastered techniques to maximize their profits by crafting their business models in confusing ways that can lure customers into a subscription without realizing it.

Persons: Doug Mattison, Mattison, —, he'd, I've, Florencia Marotta, Wurgler, Erin Witte, Witte, you've, TransUnion, Cuban, hadn't, it's, Rachel VonSiebenhoven, VonSiebenhoven, I'm, we've, Letitia James, SiriusXM Organizations: Federal Trade Commission, New York University, Consumer Federation of America, Consumer Financial, Bureau, Association of National, FTC, Cuban, Companies, Industries Locations: Ohio, Colorado, New

☆ I became the breadwinner when my family moved to France. I feel like I've done my husband the biggest favor ever.
▼ + stars: | 2024-10-18 | by ( Elle Hardy | ) www.businessinsider.com time to read: +7 min

Karen Kissane left her job, started a coaching business, and moved her family to France. Had this not happened, my family wouldn't be in France now. I feel like I've done my husband the biggest favor everOur roles swapped when we moved to France. It's great we could make this swap, effectively taking turns, as I did this before when he was a partner in a business working long hours. AdvertisementMoving to France helped my coaching business take offI didn't need a special business visa for France because we moved before Brexit.

Persons: Karen Kissane, Kissane, —, wouldn't, It's, we'd, they'd, they're, I've, we've, Lauryn Haas Organizations: Service, Space, lhaas Locations: France, Northamptonshire, Cognac, French, British

☆ What the roller coaster earnings at ASML and TSMC tell us about demand for AI chips
▼ + stars: | 2024-10-17 | by ( Beatrice Nolan | ) www.businessinsider.com time to read: +5 min

Analysts told BI it points to continued AI chip growth in the short to medium term. ASML sells large lithography machines — which print circuit patterns onto silicon wafers — to chip manufacturers, including TSMC, Samsung, and Intel. Its customers include Nvidia, the GPU designer spearheading the AI chip boom, along with AMD and Qualcomm. This makes TSMC a good bellwether for AI chip demand. While a slowdown at ASML might suggest some caution, the bigger picture still points to a continued surge in AI demand.

Persons: TSMC, —, Javier Correonero, Dan Hutcheson, TechInsights, It's, Correonero, TSMC's, CC Wei, Gokul Hariharan, Kate Leaman, Leaman Organizations: Service, Taiwan Semiconductor Manufacturing Company, TSMC, Samsung, Intel, Morningstar, Nvidia, AMD, Qualcomm, Taiwan, Broadcom, Reuters, CC, JPMorgan

☆ 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

☆ Netflix earnings need to justify runup in stock. What analysts see for subscribers, ad tier
▼ + stars: | 2024-10-17 | by ( Samantha Subin | ) www.cnbc.com time to read: +5 min

Analysts surveyed by LSEG expect Netflix earnings to come in at $5.12 per share, while revenue should hit $9.769 billion. In the second quarter, Netflix earned $4.88 per share on $9.56 billion in revenue. Along with solid numbers for the quarter just ended, other analysts believe Netflix also has to raise prices to appease shareholders. Citigroup's Jason Bazinet says price hikes are warranted at Netflix due to strong engagement trends and competitors' own price increases. A ramping ad-tier Finally, Wall Street is keeping close watch on the advertising tier business Netflix rolled out in November 2022.

Persons: Evercore, Mark Mahaney, Citigroup's Jason Bazinet, Goldman Sachs, Eric Sheridan, Deutsche Bank's Bryan Kraft, Wells, Steven Cahall, Kannan Venkateshwar, NFLX, Alan Gould, Piper, Matt Farrell, Doug Anmuth, Morgan Stanley, Benjamin Swinburne, Alicia Reese Organizations: Netflix, Wall, LSEG, StreetAccount, Deutsche, Barclays, Wednesday's, JPMorgan

☆ The curious hunt for the company behind Trump watches
▼ + stars: | 2024-10-17 | by ( Steve Contorno | Scott Glover | ) edition.cnn.com time to read: +14 min

Dozens of deals over the years have resulted in products ranging from Trump Vodka and Trump Steaks to giant skyscrapers emblazoned with his surname. “Would make a great Christmas Gift.”In this still photo from a promotional video, former President Donald Trump holds a watch branded with the Trump name. The Trump Watches website is, in fact, peppered with disclaimers. “We specialize in creating anonymous LLCs to shield your personal information from public eyes,” the website for Wyoming LLC Attorney says. Wyoming LLC Attorney can help launch a new LLC within 24 hours, it advertises.

Persons: Wyoming CNN —, Donald Trump, ”, Trump, “, hasn’t, couldn’t, TheBestHoneyOnEarth, Vladimir Dmitriev, Dmitriev, “ We’ve, ” Andrew Pierce, Carol Mendelsohn, Pierce’s, Mark Pierce, Pierce, ” Trump, —, “ You’re, Oisín, Tim Mosso, “ It’s, ” Mosso, Trump’s, Donald J, TheBestWatchesOnEarth, it’s, ” Pierce Organizations: Wyoming CNN, CNN, Trump, TheBestWatchesOnEarth LLC, Republican, LLC, and Drug Administration, FDA, White, Trump Organization, TheBestWatchesOnEarth, Trump Vodka, NFT International, 45footwear, Mar, YouTube, The Trump Organization, Cloud, Law Locations: Sheridan, Wyoming, Montana, Washington, DC, Montenegro, “, Sheridan , Wyoming, Puerto Rico, Manhattan, Cheyenne , Wyoming, Philadelphia, TheBestWatchesonEarth, United States

☆ Trump family gets 75% of crypto coin revenue, has no liability, new document reveals
▼ + stars: | 2024-10-17 | by ( Mackenzie Sigalos | ) www.cnbc.com time to read: +4 min

Donald Trump's crypto project, World Liberty Financial, published a 13-page document on Thursday, describing its mission, how tokens can be allocated, and indicating that the Republican presidential nominee and his family could take home 75% of net revenue. The paper released on Thursday shows that Trump and his family assume no liability. Folkman previously had a company called Date Hotter Girls and reportedly helped develop crypto project Dough Finance. Folkman previously said just 20% of WLF's tokens would be allotted to the founding team, which includes the Trump family. The paper calls Trump the "chief crypto advocate."

Persons: Donald Trump, Donald Trump's, WLF, Trump, Kamala Harris, Chase Herro, Zachary Folkman, Folkman, Herro, Steve Witkoff, Zachary, Crypto Organizations: Liberty, Republican, Trump, who's, DEFI, Management, Finance, AMG, Fi Locations: Nashville , Tennessee, U.S, Delaware, Puerto Rico

☆ Rates won't be cut at an aggressive pace — here's how to position, according to strategists
▼ + stars: | 2024-10-16 | by ( Weizhen Tan | ) www.cnbc.com time to read: +3 min

U.S. interest rate cuts are unlikely to move at an aggressive pace, say market watchers. The Fed kicked off its easing cycle with a jumbo 50 basis-point rate cut in September — but subsequent ones will be milder, they said. They highlighted the better-than-expected September jobs report, renewed worries around inflation, rising yields and an economy that's still relatively strong. How to position In that scenario — and with inflation expected to continue being sticky, it's important that investors still have exposure to commodities, said Landsberg. Christopher of Wells Fargo said if interest rates moderate and earnings are stronger than expected, market performance will broaden out further.

Persons: —, Paul Christopher, CNBC's, Adam Coons, Michael Landsberg, Landsberg Bennett, Landsberg, Christopher, Wells Fargo, Luis Alvarado, Alvarado Organizations: Fed, Wells, Wells Fargo Investment Institute, Winthrop Capital Management, Wealth Management Locations: Wells Fargo, U.S

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