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☆ Elon Musk has a lot to gain if Trump wins. A Harris presidency is more uncertain.
▼ + stars: | 2024-11-04 | by ( Ana Altchek | ) www.businessinsider.com time to read: +8 min

Musk could gain influence at the federal level if Trump is elected president. It's unclear what a Harris administration would mean for Musk and his business empire. Musk under HarrisWhile Musk could gain power, government contracts, and looser regulations under Trump, it's unclear how he might be impacted under a Harris administration. For X, which Musk has branded as the platform for freedom of speech, Gordon said a Harris administration could pressure it to ban material labeled as "misinformation." AdvertisementIt's also possible nothing would meaningfully change for Musk under a Harris administration.

Persons: Elon Musk, Donald Trump, Musk, Trump, Harris, —, He's, Francesco Trebbi, Erik Gordon, Gordon, Tesla, eyeing Musk's, Trebbi, X, Tevi Troy, Troy, Joan MacLeod Heminway, Cary Coglianese, Tom Narayan, Karoline Leavitt, Leavitt, he's, Coglianese, it's, Carl Icahn, Tim Cook, Heminway, Elon Organizations: Service, Elon, Republican Party, Trump, Trump Many, University of California Berkeley, Musk, University of Michigan's Ross School of Business, Traffic Safety Administration, SpaceX, Department of Defense, Bank of America, Center, White House, University of Tennessee, University of Pennsylvania, Penn, RBC Capital Markets, Democratic, Green New Deal, Twitter, Apple Locations: Pennsylvania, Pittsburgh, Texas, California, Mexico

☆ Americans are probably getting another interest rate cut this week — just days after the election
▼ + stars: | 2024-11-04 | by ( Ayelet Sheffey | Madison Hoff | ) www.businessinsider.com time to read: +5 min

The Federal Reserve is expected to cut interest rates by 25 basis points on Thursday. It follows a 50-basis-point rate cut in September — the first cut in four years. CME FedWatch, which forecasts interest rate changes based on market predictions, estimated an all-but-certain 25 basis point cut as of Friday afternoon. Advertisement"Borrowers should understand that 'falling interest rates' are not the same as 'low interest rates,'" Greg McBride, Bankrate's chief financial analyst, said in a commentary. What are your financial plans if the Fed makes another rate cut?

Persons: —, Jerome Powell, Powell, Helene, Milton, Cory Stahle, Julia Pollak, Greg McBride Organizations: Federal, Service, FedWatch, Boeing, BLS, Federal Reserve, PCE, Fed, asheffey

☆ Boeing workers vote to accept deal, end strike
▼ + stars: | 2024-11-04 | by ( Chris Isidore | ) edition.cnn.com time to read: +7 min

New York CNN —Striking workers at embattled plane maker Boeing voted Monday to accept the company’s most recent offer, ending the costliest strike in the United States in more than 25 years. The International Association of Machinists (IAM) said rank-and-file members voted by 59% to approve the deal. But the deal did not restore the traditional pension plan they lost in 2014 from their previous labor deal. But despite the deep financial problems, Boeing had little choice but to settle the strike and get the workers back on the job. Boeing’s economic impactDespite its problems, Boeing is still a major contributor to the US economy, as it is the largest American exporter.

Persons: Boeing’s, “ I’m, ”, Jon Holden, “, Holden, Kelly Ortberg, Workers ’, It’s, ” Holden, We’ll, they’ve, Ortberg Organizations: New, New York CNN —, Boeing, International Association of Machinists, IAM, ” Boeing, Workers, ” Companies, Research, Anderson Economic Group, Labor, Alaska Airlines Locations: New York, United States, Michigan

☆ Warren Buffett's Berkshire Hathaway hoarded cash, sold stocks, and halted buybacks ahead of the election
▼ + stars: | 2024-11-04 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +4 min

Warren Buffett signaled in Berkshire Hathaway's third-quarter earnings that he was being cautious. The investor built a record cash pile, slashed his two biggest stock bets, and halted buybacks. The legendary investor and his team sold $36 billion of shares and only made purchases worth $1.5 billion, marking their eighth straight quarter as net sellers. Related storiesNotably, Berkshire pared its bets on Apple and Bank of America, its two largest stock positions going into the quarter. Buffett has said that buybacks only make financial sense when a stock is trading at a discount to its intrinsic value.

Persons: Warren Buffett, —, Donald Trump, Kamala Harris, he's, Trump, aren't, Bershire, Buffett, Russ Mould, AJ, Mould Organizations: Berkshire Hathaway's, Service, Treasury, Apple, Bank of America Locations: Berkshire, payables

☆ Tesla, Alphabet or GM? A breakdown of the autonomous driving battle and how to trade it
▼ + stars: | 2024-11-04 | by ( Michael Khouw | ) www.cnbc.com time to read: +12 min

Autonomous driving is at a pivotal juncture, with several companies vying for leadership in a sector that promises to revolutionize transportation. While Tesla (TSLA) has dominated the autonomous vehicle headlines with its Full Self-Driving (FSD) system, it may not be the best autonomous driving investment. Waymo: A leader in the autonomous race Waymo, a subsidiary of Alphabet , has long been a frontrunner in the autonomous driving sector. Tesla's FSD software relies primarily on optical cameras, supported by advanced AI algorithms to interpret the road environment. The value autonomous driving adds to stock Currently, Alphabet, GM, and Tesla are not generating meaningful revenue from autonomous driving or robotics technology.

Persons: GM's, Google's Waymo, Waymo, Tesla's, Cruise, Mary Barra, Elon Musk, Tesla, AVs, GM's supercruise, TSLA, Price, Mary Barra's Organizations: General Motors, PACE, Hyundai, Federal Motor Vehicle Safety, Cruise, Cruise's, National, Traffic Safety Administration, Ford, Elon, GM's, Tesla, GM, CNBC, NBC UNIVERSAL Locations: Phoenix, Los Angeles, AVs

For many Americans, the most important focus heading into a presidential election is how the winner will impact their wallet. Related storiesFor drug prices, Harris has promised to expand two provisions in the Inflation Reduction Act, allowing Medicare to negotiate the prices of some drugs. HarrisHarris' planned policy includes the construction of 3 million new housing units, as well as an expansion to the Low-Income Housing Tax Credit. TrumpTrump has also proposed expanding the child tax credit, which currently provides up to $2,000 per child. In August, the vice presidential candidate JD Vance floated a child tax credit proposal that would include $5,000 per child for families of all income levels.

Persons: Harris, Trump, Trump's, Joe Biden's, Biden, Trump Trump, — Trump, Harris Harris, —, Vance, hasn't Organizations: Trump, Federal Reserve, White, Trump Trump Locations: Americas

☆ A rare bee species reportedly put an end to Meta's plans for a nuclear-powered AI data center
▼ + stars: | 2024-11-04 | by ( Sarah Jackson | ) www.businessinsider.com time to read: +3 min

A rare bee species reportedly threw a wrench in Meta's plans for an AI data center. Other tech giants are spending billions on data centers to further their AI ambitions. A rare species of the insect threw a wrench in the company's plans for an AI data center, the Financial Times reported Monday. Rivals, including Google, Amazon, and Microsoft, also invest billions in data centers to power their AI. AdvertisementThe boom in data centers to power AI also comes with high costs environmentally, not just financially.

Persons: Meta, —, Mark Zuckerberg, IBM's Jonathan Adashek Meta, Kairos Power, Marc Wulfraat, MWPVL Organizations: Service, Financial Times, Google, Microsoft, Kairos, Bloomberg, McKinsey

☆ How investors are viewing global uncertainty this election year
▼ + stars: | 2024-11-04 | by ( Sharon Epperson | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHow investors are viewing global uncertainty this election yearHalf the world's population will cast votes this year as more than 60 countries hold elections. Promoting a healthy economy is high on the list of expectations of voters globally, according to a recent report by Principal Financial, but many people have developed a more polarized—and negative—perception of the economic environment overall. Sharon Epperson speaks with Principal Financial Group Chairman and CEO Dan Houston about election uncertainty and how investors are reacting.

Persons: Sharon Epperson, Dan Houston Organizations: Principal, Financial

☆ I wish I'd dropped out of college. Graduating with a degree didn't justify my now-mounting debt.
▼ + stars: | 2024-11-04 | by ( Eibhlis Gale-Coleman | ) www.businessinsider.com time to read: +5 min

But, in hindsight, I wish I'd dropped out just to save myself on my now-mounting debt. Since then, nobody has asked me about my college degree. AdvertisementI believe my best — and safest — bet would have been to switch to an online degree when the pandemic first hit. It just goes to show that sometimes, a bit of risk-taking can pay off; I wish I'd been bolder. I'll definitely chalk up my university experience as "You live, and you learn" territory; I still really enjoyed aspects of my college experience.

Persons: —, I'd, I'm, I've, Little, it's Organizations: Service, Citadel

☆ The typical first-time homebuyer in America is older than ever before
▼ + stars: | 2024-11-04 | by ( Alcynna Lloyd | ) www.businessinsider.com time to read: +4 min

The typical age of a first-time homebuyer in the US has reached an all-time high: 38. First-time buyers make up 24% of all buyers, the lowest level since NAR started tracking in 1981. The changing characteristics of the typical first-time homebuyer in America are proof of the strain. The typical first-time buyer now has a median age of 38 — up from 35 in 2023. The typical first-time homebuyer is richer than ever, too.

Persons: It's, —, — Gen Zers, millennials, haven't, Jorge Argota, Argota, He's Organizations: National Association of Realtors, Service, NAR Locations: America, Miami, Florida

☆ Who Wall Street thinks will win the election
▼ + stars: | 2024-11-04 | by ( Bradley Saacks | ) www.businessinsider.com time to read: +3 min

A survey of 119 investors found that 53% think former president Donald Trump will defeat Kamala Harris. Investors believe fossil fuel and industrial companies should do well under Trump, the survey said. AdvertisementMany of the bigwigs of finance have picked their sides, but Wall Street seems to believe one candidate has the upper hand in this year's presidential election. Betting markets have leaned toward former President Donald Trump, and the financial markets have already priced in a Trump win, according to billionaire investor Stan Druckenmiller. One of the world's most accurate economists, Christophe Barraud, for instance, is putting his credibility on the line for a Trump win.

Persons: Donald Trump, Kamala Harris, Stanley Druckenmiller, —, Stan Druckenmiller, Emmanuel Cau, Trump, SumZero, Divya Narendra, Ken Griffin, Griffin, Druckenmiller, Hillary Clinton, Elon Musk, Christophe Barraud Organizations: Investors, Trump, Republican, Service, Barclays London, Billionaire Citadel, Future Investment Initiative, Tesla Locations: Saudi Arabia, Riyadh

☆ Booze sales fall back to earth — except for one retailer
▼ + stars: | 2024-11-04 | by ( Jordan Valinsky | ) edition.cnn.com time to read: +4 min

That has forced Remy Cointreau, whose stock has fallen 50% for the year, to slash its full-year guidance and expects another year of double-digit declines in sales. The declines are a “normalization” within the industry, with alcohol sales nearing their pre-Covid levels, according to Marten Lodewijks, IWSR’s president for the US division. Cheaper private labels have had a boon in sales, mirroring a larger trend of customers seeking more affordable options in all aspects of their life. Aldi’s lineup is growing double digits in sales, bucking the broader industry trends of declines, Arlin Zajmi, director of national buying for adult beverages, told CNN. Aldi has seen its wine and beer sales soar.

Persons: Remy Cointreau, Pernod Ricard, Jose Cuervo, Proximo, ” Lisa Hawkins, ”, Luca Marotta, Remy Cointreau’s, Jameson, Kahula, Hélène de Tissot, Marten Lodewijks, bottlers, Arlin Zajmi, Scott Olson, it’s, ” Zajmi, ” Bryan Roth Organizations: New, New York CNN, Anheuser, Busch, CNN, Spirits, Consumers, Aldi Locations: New York, United States

☆ NFL Week 9 Sunday review: Lions beat Packers, Saquon Barkley leaves teammates ‘speechless’ and historic Ravens performances
▼ + stars: | 2024-11-04 | by ( Ben Morse | ) edition.cnn.com time to read: +9 min

CNN —Week 9 in the NFL saw plenty of drama as the 2024 season reached its halfway stage. Seven games in Week 9 were decided by seven-or-fewer points, meaning there have been 74 games won by that margin this season, the most such games through Week 9 in NFL history. Lions beat Packers in heavyweight clashSunday’s game at Lambeau Field between the Detroit Lions and the Green Bay Packers was billed as the game of the week with both having excellent starts to the season. Saquon Barkley athleticism leaves Eagles ‘speechless’Saquon Barkley is no stranger to producing highlight-worthy plays of special athleticism. The official NFL X account commented that Barkley was “not of this world” and Sirianni was equally dumfounded after the Eagles’ victory.

Persons: Amon, Ra St, Brown, St . Brown, Jeffrey Phelps, Kerby Joseph, Jordan Love, Jahmyr Gibbs, Detroit’s, Dan Campbell, Jared Goff, Hall, Hall of Famer Peyton Manning, Brock Purdy, “ We’re, ” Goff, We’re, Patrick McDermott, Saquon Barkley, ’ Saquon Barkley, Jalen, Barkley, Nick Sirianni, ”, Jarrian Jones, Barkley's, Mitchell Leff, “, Sirianni, Josh Sweat, Elsa, Lamar Jackson, Tom Brady, Peyton Manning, Kurt Warner, Ben Roethlisberger, Jackson, Scott Taetsch, Derrick Henry, he’s, Hall of Famer Emmitt Smith, Jim Brown, LaDainian Tomlinson, Adrian Peterson, Henry, ” Henry, ’ ” Henry, Tommy Gilligan Organizations: CNN, NFL, Lions, Packers, Lambeau, Detroit Lions, Green Bay Packers, NFC North, AP Lions, Green, ” Lions, Lions ’, Hall of Famer, 49ers, Houston Texans, Super, Philadelphia Eagles, Jacksonville Jaguars, Lincoln Financial, Eagles, Philadelphia, Pee, Pee Wee Football, ” Eagles, Ravens, Baltimore Ravens, Denver Broncos, T Bank, Broncos, Baltimore, 101st, Dallas Cowboys, Atlanta Falcons Denver Broncos, Baltimore Ravens Miami Dolphins, Buffalo Bills New Orleans Saints, Carolina Panthers Las Vegas Raiders, Cincinnati Bengals Los Angeles Chargers, Cleveland Browns Washington, New York Giants New England Patriots, Tennessee Titans Chicago Bears, Arizona Cardinals Jacksonville Jaguars, Philadelphia Eagles Detroit Lions, Green Bay Packers Los Angeles Rams, Seattle Seahawks Indianapolis Colts, Minnesota Vikings Locations: St, Wisconsin, Detroit, Pee Wee

☆ Katie Stockton says this toy stock is poised to outperform rival in the months ahead
▼ + stars: | 2024-11-04 | by ( Katie Stockton | ) www.cnbc.com time to read: +8 min

—Katie Stockton with Will Tamplin Access research from Fairlead Strategies for free here . Fairlead Strategies Disclaimer: This communication has been prepared by Fairlead Strategies LLC ("Fairlead Strategies") for informational purposes only. Securities, investment products, other financial products or strategies discussed herein may not be suitable for all investors. The recipient of this information must make its own independent decisions regarding any securities, investment products or other financial products mentioned herein. This material is not to be reproduced or redistributed absent the written consent of Fairlead Strategies.

Persons: Katie Stockton Organizations: Mattel, Hasbro, DeMark, MAT, CNBC, NBC UNIVERSAL, Fairlead, CNBC Pro, Securities

☆ Buy steel stocks if Trump wins or clean energy plays if it's Harris, says JPMorgan
▼ + stars: | 2024-11-04 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +5 min

Steel stocks would likely outperform under if former President Donald Trump returns to the White House, while clean energy providers might rally if Vice President Kamala Harris captures the presidency, according to JPMorgan. Clean Energy In the same 14-page report, JPMorgan shared the name of specific companies that are likely to benefit should either candidate prevail. Steel and aluminum Conversely, Peterson is bullish on steel and aluminum companies if former President Trump gets a second term. Shares of steel producer Nucor have tumbled nearly 18% in 2024 but could bounce back under a Trump victory, according to JPMorgan. Other potential winners under a Trump presidency include aluminum producer Kaiser Aluminum and rare-earth materials processor MP Materials , said JPMorgan.

Persons: Donald Trump, Kamala Harris, Harris, Bill Peterson, Peterson, EBITDA, William Grippin, Trump, Morgan Stanley, Carlos De, Martin Englert Organizations: White, JPMorgan, Trump, EV, Department of Energy's, Office, Democratic, UBS, DOE, Power, Energy, Republican, Steel, Nippon Steel, U.S . Steel, Seaport Research Partners, Aluminum Locations: Los Angeles, adj, 2H25, Charlotte, Cleveland

☆ Gen Z, millennials are using AI for personal finance advice, report finds
▼ + stars: | 2024-11-04 | by ( Ana Teresa Solá | ) www.cnbc.com time to read: +1 min

A new report by Experian found that 67% of polled Gen Zers and 62% of surveyed millennials are using artificial intelligence to help with their personal finances. Users say that generative AI tools like ChatGPT have helped in areas including saving and budgeting (60%), investment planning (48%) and credit score improvement (48%). The Gen Z respondents were ages 18 to 27 while millennials were ages 28 to 43. According to data Experian provided to CNBC, 98% of Gen Z adults and 98% of millennials had a positive experience with the software. While using generative AI can help as a first step to drawing up a budget or figuring out how to increase your credit score, always verify the information through external resources, experts say.

Persons: Experian, Gen Zers, Christina Roman, millennials, Xers Organizations: Finance, CNBC

☆ Bank of America's Trump-Harris playbook: How the stock market will react to the various election scenarios
▼ + stars: | 2024-11-04 | by ( Brian Evans | ) www.cnbc.com time to read: +3 min

Here's how Bank of America suggests trading a variety of Election Day outcomes. Split Republican control A Trump White House with a largely Democratic Congress is overall neutral for equities, Kwon said. Split Democratic control The status quo would be maintained with a Harris White House and a Republican Congress, Kwon said. Over the past seven election cycles, the two-week price direction for stocks was identical to one day after election day every single time. Outside of the election, Kwon said that the Fed could have ample reason to cut further.

Persons: Ohsung Kwon, Kwon, Donald Trump, Trump, Kamala Harris, Harris Organizations: Bank of America, Trump, Republican, Trump White House, Democratic, Harris White, Federal

☆ U.S. debt could drive the next financial crisis, says former FDIC Chair Sheila Bair
▼ + stars: | 2024-11-04 | 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 EmailU.S. debt could drive the next financial crisis, says former FDIC Chair Sheila BairSheila Bair, former FDIC chair, joins 'Power Lunch' to discuss the U.S. debt problem and how it could lead to a financial crisis.

Persons: Sheila Bair Sheila Bair

☆ Prepare for market volatility but don't panic trade, analysts say ahead of Election Day
▼ + stars: | 2024-11-04 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +5 min

Market analysts predicted choppy trading and sharp swings going into the US presidential election. AdvertisementMarket analysts are braced for volatility ahead of Tuesday's presidential election as traders shuffled their bets on a Donald Trump or Kamala Harris victory. The drivers of market performance — economic growth, corporate earnings, and innovation — ultimately outshine the impact of political changes. The Trump trade is a stronger dollar, weaker bonds/ higher bond yields and stronger crypto. With one day left of this campaign, the dollar is falling, and the dollar index is at a two-week low.

Persons: Donald Trump, Kamala Harris, —, who'll, Naeem Aslam, Joshua Mahony, Harris, Hal Cook, Hargreaves, Kathleen Brooks, Trump Organizations: Service, Republican, Democratic, Federal Reserve, Zaye, Trump, FX Locations: Iowa, United States

☆ Nancy Snow vanished after the election in November 1980. 44 years later, she’s still missing.
▼ + stars: | 2024-11-03 | by ( Veronica Fulton | ) www.nbcnews.com time to read: +21 min

THE SNOW SHOWAt 44 years old, Nancy Snow was a force to be reckoned with. And she loved us so much,” Justine Snow told Dateline. Nancy Snow made the most of her time there. Nancy Snow Justine Snow“We can place her at BWI airport,” David Cordle, retired chief investigator for the Anne Arundel County State Attorney’s Office, told Dateline. “Nancy Snow was one of the ones that I had ended up with.”Cordle worked on Nancy’s case for decades.

Persons: ”, William Noel, Snow, ” Corporal Noel, “, it’s, Nancy Snow, “ Nancy, ” Cpl, Noel, she’s, ” Nancy Snow, Stacy, Justine, Kimberly Justine Snow, Justine Snow, Kimberly, ” Justine, Nancy, Nancy Snow Justine Snow Nancy, Clint Eastwood’s, ’ ” Justine, Justine Snow “, Gene McNary’s, Thomas Eagleton, Ronald Reagan, Jimmy Carter, McNary, Eagleton, Nancy Snow Justine Snow, ” David Cordle, ” Cordle, Cordle, “ Nancy Snow, Louis, ‘, Corporal Noel, she’d, St . Louis, ‘ I’m, hadn’t, She’s, NANCY SNOW, Nancy Snow Justine Snow Justine, J, Jay, “ We’ve, David Cordle, doesn’t, “ I’ve, Nancy Justine Snow, Jane Doe, Jane, Jane Doe’s, nothing’s, Cpl, ” Nancy Snow Justine Snow Organizations: City of, City of Annapolis Police Department, New York Times, Army, Volkswagen, California Bay Area, Republican National Committee, RNC, U.S . Senate, Anne, Attorney’s Office, Annapolis police, Annapolis Police Department, St, Baltimore, ” Authorities, VW, Nancy Locations: City of Annapolis, Europe, Germany, Greece, Spain, Portugal, Italy, France, U.S, California, Maryland, KMST, East Coast, Annapolis, St, Louis , Missouri, “, Baltimore, East Coast from Missouri, BWI, Anne Arundel County, St ., Connecticut, ”, Nancy’s, Caribbean, Florida — Fort Lauderdale, Bahamas, Georgia , Connecticut, CODIS

The Summary FEMA and NOAA have become politicized as the frequency and severity of natural disasters have increased. With the neck-and-neck 2024 election just days away, the futures of the federal agencies responsible for weather forecasting, climate change research and disaster recovery hang in the balance. And with it, they’ve become a target for some conservatives who are skeptical of climate change and want to slash government budgets. “Climate change is a very unique problem in that, like most environmental problems, it doesn’t respect our political boundaries and it doesn’t respect our state boundaries,” he said. “We need centralized federal agencies to respond to climate change, agencies that can handle big, significant, multistate disasters at the appropriate scale.”

Persons: they’ve, Donald Trump, Elon Musk, Trump, ”, Craig Fugate, Obama, It’s, “, Helene, Milton . Trump, Jared Moskowitz, Ron DeSantis, Hurricane Michael, ” Moskowitz, Rick Scott, Milton, Hurricane Milton, Pete Beach, Tristan Wheelock, Fugate, ” Matthew Sanders, ” Sanders, Matthew Burgess, ” Burgess, DeNa Carlis, Sanders Organizations: FEMA, NOAA, Oceanic, Atmospheric Administration, Federal Emergency Management Agency, Heritage Foundation, Trump, NBC, National Weather Service, Emergency Management, Gov, North, Hurricane, Bloomberg, Getty, Environmental, Stanford University, College of Business, University of Wyoming, ”, NWS Locations: United States, Milton, U.S, Florida, ”, North Carolina, St, Pete Beach , FL

And the next president — Donald Trump or Kamala Harris — along with the new Congress will set the agenda. Here are four big things the 119th Congress will have to tackle. Trump tax cuts worth trillions of dollars are expiring after 2025Major portions of Trump’s 2017 tax law totaling $3.3 trillion will expire at the end of 2025. Former President Trump has said he wants to fully extend the expiring tax breaks across all income levels and pursue deeper tax cuts. If it lapses, many Americans would see spikes in their insurance premiums, which may put pressure on Congress to act.

Persons: — Donald Trump, Kamala Harris —, Trump, Harris, Barack Obama, There'll Organizations: WASHINGTON, Trump, Republicans, Democratic, Affordable, Congressional, Office, Treasury Department, U.S, Republican Locations: California, New York

☆ Should I pay off my mortgage in retirement? New book tackles big money questions
▼ + stars: | 2024-11-03 | by ( Lorie Konish | ) www.cnbc.com time to read: +4 min

Mortgage rates may affect payoff calculusThe mortgage payoff calculus may change based on whether people can outearn their mortgage rates with safe, guaranteed investments, Benz said. For mortgage rates that are 6% or more, paying that balance off will provide a guaranteed return. Admittedly, the argument over whether to pay off mortgages is "much more emotional and psychological than it is financial," Jenkin said. The big money questions people ask themselves to prepare for retirement are just as important as the emotional ones. What brought you joy while you were working may change in retirement, Michael Finke, a professor of wealth management at The American College of Financial Services, tells Benz.

Persons: Jessica Lautz, Benz, JL Collins, Collins, Robert Daly, Ted Jenkin, Jenkin, Michael Finke Organizations: Joint Center for Housing Studies of Harvard University, National Association of Realtors, Benz, Getty, CNBC, CNBC FA, The American College of Financial Services Locations: Atlanta

☆ Top Wall Street analysts are confident about the long-term potential of these 3 stocks
▼ + stars: | 2024-11-03 | by ( Tipranks.Com Staff | ) www.cnbc.com time to read: +5 min

Top Wall Street analysts closely follow the key details of a company's quarterly results. (See Fiserv Financials on TipRanks)Boot BarnWe now move to Boot Barn (BOOT), a retailer of western and work-related footwear, apparel and accessories. Despite the beat-and-raise quarter, BOOT stock plunged as investors reacted unfavorably to the company's announcement about the planned departure of CEO Jim Conroy in November. Following the print, Baird analyst Jonathan Komp upgraded his rating for Boot Barn stock to buy from hold, while maintaining the price target at $167. (See Boot Barn Stock Charts on TipRanks)Chipotle Mexican GrillFinally, let's look at this week's third stock, restaurant chain Chipotle (CMG).

Persons: Ivan Feinseth, Feinseth, TipRanks, Jim Conroy, Conroy, Baird, Jonathan Komp, Komp, Chris O'Cull, O'Cull Organizations: Manhattan , New York City . Tech, Wall Street, Tigress, FI, Ross Stores Locations: Manhattan , New York City

☆ Snowflake CEO explains why 'the insidious thing' about AI hallucinations isn't the occasional error
▼ + stars: | 2024-11-03 | by ( Jaures Yip | ) www.businessinsider.com time to read: +5 min

Snowflake CEO Sridhar Ramaswamy said tech firms lack transparancy about their AI hallucination rates. Snowflake CEO Sridhar Ramaswamy said AI companies would benefit from making it clear just how often that happens. Some tech moguls have defended AI hallucinations, including OpenAI CEO Sam Altman, who said that AI models that only answered when absolutely certain would lose their "magic." Anthropic cofounder Jared Kaplan said earlier this year that the end goal is AI models that don't hallucinate, but occasional chatbot errors are a necessary "tradeoff" for users. AdvertisementBaris Gultekin, Snowflake's head of AI, told Business Insider in a statement that AI hallucinations are the "biggest blocker" for generative AI to front-end users.

Persons: Sridhar Ramaswamy, —, Snowflake, Logan Bartlett, Ramaswamy, Sam Altman, Altman, Jared Kaplan, OpenAI, Baris, it's, Gultekin, Claude, ChatGPT Organizations: Service, Google, AIs

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