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Hurricane Rafael has turned to the west after lashing Cuba where it knocked out the country’s electrical grid, leaving its 10 million residents in the dark. Rafael will continue to move away from western Cuba on Thursday and will weaken over the central Gulf of Mexico. “On the forecast track, Rafael is expected to move over the southern Gulf of Mexico for the next few days,” the National Hurricane Center said. A man walks through a darkened street due to a blackout after the pass of hurricane Rafael in Havana, on Wednesday. I hope all the power will be restored when the storm is over,” Havana resident Mabel Suarez told Reuters.

Persons: Rafael, Yamil Lage, Mabel Suarez Organizations: National Hurricane Center, Locals, Reuters, ”, The Associated Press Locations: Cuba, Cuban, Artemisa, Key West , Florida, Mexico, “, Havana, AFP, Florida, ” Havana

NOW PLAYINGWhat Kamala Harris’s Loss Means To Black Women3:10Donald Trump Makes Stunning Return to Power4:14How We Model Election Results With the Needle4:17Why the U.S. Election Matters in These Countries3:43The County That Got Every President Right (Since 1980)3:46Three Questions About Election Results4:34Our Photographers’ Favorite Campaign Trail Photos2:48How Trump Is Trying to Win Gen Z Men3:00What Backlash To Racist Rally Remarks Means for Trump3:18How Donald Trump Is Making Big Promises to Big Business2:43Why This Nuclear Power Plant Is Restarting2:55

Persons: Kamala Harris’s, Donald Trump Organizations: Trump

A look at the factors that led Donald Trump to victory and Kamala Harris to an election loss. A fast-growing wildfire spreads in California. How Trump won and Harris lost the electionThe analysis of President-elect Donald Trump's victory over Vice President Kamala Harris began before Election Day had ended. But Donald Trump’s presidential election victory injects new uncertainty into what happens long-term. Fast-moving wildfire tears through California communityA wildfire in Southern California quickly grew to over 14,000 acres, sending firefighters rushing to get residents out of homes and to safety, officials said.

Persons: Donald Trump, Kamala Harris, Trump, Harris, Donald Trump's, Joe Biden, ”, Biden, Donald Trump’s, Trevor Johnson, Johnson, Ryan Sun, Steve Ballmer's, they’re, — Andrew Greif, Elizabeth Robinson Organizations: NBA, Trump, Republicans, Howard University, Biden, Republican, NBC, ’, Federal, Wall, “ Firefighters, Intuit, Los Angeles Clippers, Phoenix Suns, Steve Ballmer's Los Angeles Clippers Locations: California, Southern California, Ventura County, Santa Ana, Moorpark, Inglewood , California

Trump and the GOP have denied the tariffs would be inflationary, pointing to Trump’s success in imposing tariffs in his first term without reigniting inflation. Yet those tariffs, at $300 billion on selected Chinese goods, were much more targeted than the $3 trillion worth of blanket tariffs Trump is now expected to propose. And the inflationary environment is different now, too: During Trump’s first term, inflation only briefly ever climbed above 2%. It was Trump who appointed Powell to lead the Federal Reserve in his first term. But Trump has signaled a willingness this year to abandon the long-running principle of maintaining the Fed as an independent body.

Persons: Donald Trump’s, Trump’s, Trump, ’ Anna Kelly, David Seif, Jerome Powell, Powell, ” Trump, ” Seif, Seif Organizations: Federal, Wall, Federal Reserve, Nomura Holdings, Trump, GOP, Republican National Committee, Nomura, Fed, Bloomberg, Chicago Economic, Reuters Locations: China

☆ Tariff-exposed stocks bounce back — plus, 2 names Jim Cramer would buy here
▼ + stars: | 2024-11-07 | by ( Kevin Stankiewicz | ) 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. One stock we did buy a day ago was BlackRock , and Jim said Thursday the asset manager is still an attractive stock to buy. 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, Donald Trump's, Kamala Harris, Trump, White, Jim, It's, Stanley Black, Decker, Stocks, Ralph Lauren, Lyft, Jim Cramer's Organizations: CNBC, Nasdaq, Dow Jones, Federal Reserve, European Central Bank, Corona, Constellation Brands, BlackRock, Meta, Arm Holdings, Qualcomm, Warner Bros . Locations: U.S, Europe, BlackRock

☆ Beyond ASML: Goldman reveals its refreshed list of top European stocks — giving one 50% upside
▼ + stars: | 2024-11-07 | by ( Amala Balakrishner | In Amala-Balakrishner | ) www.cnbc.com time to read: +4 min

ASML's net bookings for the third quarter were 2.6 billion euros ($2.79 billion), below the 5.6 billion euros penciled in by Wall Street analysts. ASML expects net sales for 2025 to come in at the lower of half of the 30 billion euros and 35 billion euros range it previously predicted. Coca-Cola HBC Goldman is betting on Coca-Cola HBC, also known as CCH, given its solid top-lines and strong margin uplift. This phenomenon — coupled with an improving product pipeline across brands — has pushed analyst Richard Edwards to an "above consensus view" on JD's LFL (like-for-like) sales growth. Edwards also expects space expansion and acquisitions to contribute to an average 10% sales growth from 2025 to 2027, above the consensus average of 7%.

Persons: ASML, Goldman Sachs, Goldman, Cola HBC Goldman, Olivier Nicolai, Richard Edwards, Edwards, — CNBC's Michael Bloom Organizations: Wall Street, ASML, Heineken, Philips, Cola HBC, Hellenic Bottling Company, JD Sports, Coca, CCH, London Stock Exchange, — Locations: U.S, British

☆ The market is already indicating the early winners and losers from Trump's win
▼ + stars: | 2024-11-07 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +4 min

download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . A pillar of President-elect Donald Trump's campaign was the economy and the work he would do to "fix it." Tesla shareholders: The EV giant took off with news of Trump's win, finishing the day up almost 15%. Bond yields are already soaring, indicating the market expects the cost of borrowing to keep rising. Investors in Europe: European growth stands to take a hit from Trump's proposed tariffs, according to Goldman Sachs.

Persons: —, Donald Trump's, Elon Musk's, Trump, that's, Goldman Sachs, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, Ella Hopkins, Grace Lett, Amanda Yen, Milan Sehmbi Organizations: Business, Service, White, Nasdaq, Dow Jones Industrial, GOP, Tesla, Trump, bitcoin, Treasury, Investors Locations: Europe, New York, London, Chicago

☆ Duolingo put its sarcastic teen chatbot to work on its earnings call
▼ + stars: | 2024-11-07 | by ( Shubhangi Goel | ) www.businessinsider.com time to read: +3 min

Duolingo's Wednesday earnings call started with an AI chatbot demonstration. The chatbot, Lily, summarized the company's performance this quarter. The purple-haired chatbot, which sounded like a bored, sarcastic teenager, replaced CEO Luis von Ahn at the beginning of the video call. "Our new Duolingo Max feature video call lets learners chat with me," the chatbot said. AdvertisementWhile Lily was largely a gimmick for the earnings call, the impact of AI has been a persistent theme in earnings this year.

Persons: Lily, Duolingo, —, Luis von Ahn, Von Ahn, OpenAI's, Piper Sandler's Arvind Ramnani, Gen, didn't Organizations: Service, Meta, Microsoft

☆ Stocks making the biggest moves midday: Warner Bros. Discovery, AppLovin, Wolfspeed, Lyft and more
▼ + stars: | 2024-11-07 | by ( Pia Singh | In | ) www.cnbc.com time to read: +4 min

The stock had popped 5.9% on Wednesday after the Republican was elected the 47th president of the U.S. Warner Bros. Lyft expects current-quarter bookings to come in between $4.28 billion to $4.35 billion, topping a FactSet consensus of $4.23 billion. Wolfspeed posted revenue of $195 million for the first fiscal quarter, missing the LSEG consensus forecast by $5 million. Arm posted adjusted earnings per share of 30 cents on revenue of $844 million for the second quarter. AppLovin also guided its fourth-quarter EBITDA of $740 million to $760 million, higher than the $667 million StreetAccount forecast.

Persons: LSEG, Donald Trump's, Armour, —, Lyft, Wolfspeed, AppLovin, Zillow, Alex Harring, Sean Conlon, Hakyung Kim, Yun Li, Lisa Kailai Han Organizations: Bros, Dutch Bros, Trump Media & Technology, Republican, U.S, Warner Bros, —, Discovery, FactSet . Arm Holdings, LSEG, Gilead Sciences Locations: Gilead

☆ How to juice the yield in your fixed income portfolio as Trump returns to the White House
▼ + stars: | 2024-11-07 | by ( Michelle Fox | ) www.cnbc.com time to read: +5 min

The tax cuts and tariffs floated by Trump has raised worries of a widening fiscal deficit, spurring Treasury yields higher as of late. Bond yields move inversely to their prices. A buying opportunity in bonds Sinead Colton Grant, chief investment officer at BNY Wealth, believes that bond investors overreacted. US10Y YTD mountain U.S. 10-year Treasury "The biggest determinant of your long-term return is the yield," Grant said. Munis While municipal bond yields don't move as quickly as Treasury yields, they are expected to follow, said BNY Wealth's Grant.

Persons: Donald Trump, Bond, Mark Haefele, Sinead Colton Grant, overreacted, Trump, Grant, it's, Brian Rehling, Charles Failla, BNY Wealth's Grant, Sudip Mukherjee Organizations: White, Federal Reserve, Trump, UBS, Fargo Investment, Sovereign Financial Group, AAA, Moody's Locations: Fargo, Stamford, Conn, New York City, muni

☆ Trump victory deals latest severe blow to a struggling Germany
▼ + stars: | 2024-11-07 | by ( Sophie Kiderlin | In | ) www.cnbc.com time to read: +3 min

Krisztian Bocsi | Bloomberg | Getty ImagesDonald Trump's election as U.S. President could mark yet another major blow for the struggling German economy. The print came after the German economy ministry in October said it was now expecting the country's economy will contract, rather than grow this year. Trump's victory could make matters worse. Reliance on exportsThe German economy is heavily reliant on exports — and Trump is set to slap tariffs and other restrictions on imports. The German statistics office Destatis last month said that the U.S.' importance as a trading partner for Germany has been growing.

Persons: Olaf Scholz, Germany's, Krisztian Bocsi, Donald Trump's, Moritz Schularick, Trump, Schularick, ifo, Morningstar DBRS, Lisandra Flach Organizations: Bloomberg, Getty, PMI, P Global, Hamburg Commercial Bank, Kiel Institute, Trump, Reliance, China, Beijing, Destatis, ifo Center, International Economics, European Union, EU Locations: Berlin, Germany, Federal Republic of Germany, Europe, U.S

☆ Goldman says buy these stocks that are set to benefit most from Trump tax cuts
▼ + stars: | 2024-11-07 | by ( Brian Evans | ) www.cnbc.com time to read: +3 min

Trump favors slashing the corporate tax rate to 15% from 21%. To find a group of beneficiaries from lower corporate tax rates, Goldman screened for stocks that have seen the highest median corporate tax rate over the past ten years. Companies on the list pay median corporate tax rates higher than the S & P 500 median of 21%. CEO Bob Iger's media company also has one of the highest ten-year median corporate tax rates found by Goldman, at 29%. Hilton has also paid a ten-year median corporate tax rate of 29%.

Persons: Donald Trump's, Goldman Sachs, David Kostin, Kostin, Trump, Trump's, Goldman, Disney, Bob Iger's, FactSet, Hilton Organizations: White, Goldman, Dow Jones, Nasdaq, U.S . House, GOP, Republican, Companies, DIS, Disney, Hilton Worldwide Holdings, FactSet, Delta Airlines, American Express

☆ The Federal Reserve gives Americans another interest-rate cut
▼ + stars: | 2024-11-07 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +3 min

The Federal Reserve cut interest rates by 25 basis points on Thursday. AdvertisementAnother interest-rate cut is headed Americans' way. On Thursday, the Federal Open Market Committee announced a 25-basis-point interest-rate cut after a 50-basis-point cut in September. AdvertisementGiven the lag in monetary policy, the interest-rate cuts won't give Americans immediate relief on their credit cards, housing, or car loans. Still, some Democratic lawmakers urged the Fed to implement another 50-basis-point cut to give Americans more financial relief.

Persons: —, Donald Trump, Trump, Matthew Ryan, Jerome Powell, Milton, Helene —, Elizabeth Warren, John Hickenlooper, Powell Organizations: Reserve, Service, Federal, Market, Trump, Boeing, Fed Locations: Sens

☆ Starbucks and Luckin are in a fight for the global coffee market. I visited both to see how they stack up on price, menu, and vibe.
▼ + stars: | 2024-11-07 | by ( Aditi Bharade | ) www.businessinsider.com time to read: +8 min

Luckin Coffee, which has put up a strong fight against Starbucks in Asia, is looking to the US. The chain is known for its aggressive deals, unusual flavors like a Big Cheese coffee drink, and mobile ordering. Luckin versus StarbucksI started at Luckin Coffee. Aditi BharadeThe most expensive drink on the menu was an Iced Oat Shakerato listed for 8 Singapore dollars, or $6. Representatives for Luckin Coffee didn't respond to a request for comment from BI for this story.

Persons: —, Brian Niccol, Niccol, Luckin, Aditi Bharade, Rachel Ruggeri, Ruggeri, It's, David Yu, Jiang, it's, Tiruchelvam, Yu Organizations: Starbucks, Service, Business District, Staff, Singapore, Luckin, BI, Bros, NYU, Aletheia Capital Locations: Asia, China, Singapore, Beijing, United States

☆ NFL midseason predictions for every team: Kirk Cousins wins comeback award; NFC East champ is …?
▼ + stars: | 2024-11-07 | by ( The Athletic Nfl Staff | ) www.nytimes.com time to read: +28 min

Our NFL writers addressed these topics and more in making one prediction for every team heading into the season’s second half. The fourth-year back is on pace to finish with 1,256 yards, which would be the fourth-highest total in team history. Every other NFL team has put a player in at least one of those categories during that stretch — and most teams have checked both boxes. Minnesota has one of the most productive defenses in the NFL and an offense loaded at the skill positions. And the Eagles have managed to win games despite bad luck and bad decisions.

Persons: — Doug Haller Kirk Cousins, Cousins, Joe Burrow, Burrow, Cousins ’, — Josh Kendall, Kirk Cousins, Lamar Jackson, Jackson, he’s, Jared Goff, Jayden Daniels, Josh Allen, Saquon Barkley, Derrick Henry, Jeff Zrebiec Khalil Shakir, Shakir, — Joe Buscaglia, Chuba Hubbard, Panthers haven’t, Christian McCaffrey, Hubbard, Jonathon Brooks, Dave Canales, — Joseph Person, Caleb Williams, Quinn Harris, Goff, — Adam Jahns, There’s, — Paul Dehner Jr, Watson, Dee Haslam, — Zac Jackson, — Zac Jackson Dallas Cowboys Brandon Aubrey, Aubrey, Bryan Anger, Cooper Rush, Aubrey doesn’t, — Saad Yousuf, Courtland, Sutton, Phillip Lindsay squeaked, wasn’t, Bo Nix, Nick Kosmider, Ben Johnson’s, Aidan Hutchinson, Brian Branch, Kerby Joseph, Za’Darius Smith, — Colton, Xavier McKinney, McKinney, hasn’t, Kyler Murray, Stroud, Ryan Downard, Downard, McKinney texted Downard, Green, ” Downard, — Matt Schneidman, — Mike Jones, — Mike Jones Indianapolis Colts Anthony Richardson, Shane Steichen, Richardson, Joe Flacco, — James Boyd, Doug Pederson doesn’t, it’ll, Trevor Lawrence’s, — Jeff Howe, Hopkins, David Eulitt, Kansas City Chiefs DeAndre Hopkins, Xavier Worthy, Travis Kelce, Patrick Mahomes, Nate Taylor, Antonio Pierce, Mark Davis, Pierce, “, ” Davis, He’s, It’s, Vic Tafur, Tashan Reed, Tashan Reed Los Angeles Chargers Justin Herbert, Herbert, — Daniel Popper, Jonah Jackson, Steve Avila, Puka, Matthew Stafford, Kyren Williams, — Jourdan, Tua Tagovailoa, they’re, Jim Ayello, Kevin O’Connell, Brian Flores, — Alec Lewis Drake Maye, Drake Maye, Williams, New England’s, Chad Graff, Sean Payton, Mike Ditka, Dennis Allen, Darren Rizzi, Hurricane Katrina, Payton, Drew Brees, — Larry Holder, Daniel Jones, Jones, Brian Daboll, — Charlotte Carroll Davante Adams, Joe Sargent, wouldn’t, Woody Johnson, Aaron Rodgers, Davante Adams, Jeff Ulbrich, Zack Rosenblatt, Nick Sirianni, — Brooks, Watt, Pro Bowler, Minkah Fitzpatrick, Arthur Smith, Russell Wilson, Mike Tomlin, — Mike DeFabo, — Matt Barrows, DK Metcalf, Julian Love, Devon Witherspoon, Geno Smith, Metcalf, Smith, Love, Witherspoon, Riq, Leonard Williams, Boye Mafe, Ken Walker III, that’s, Michael, Shawn Dugar, Shawn Dugar Tampa Bay Buccaneers Mike Evans, Evans, Chris Godwin, Jerry Rice’s, — Dan Pompei, — Dan Pompei Tennessee Titans Will Levis, Levis ’, — Joe Rexrode Washington, Mike Sainristil, PFF, Sainristil, Emmanuel Forbes Jr, Michael Davis, Malik Nabers, Noah Igbinoghene, Marshon Lattimore, Benjamin St, Juste, — Ben Standig, Dan Goldfarb, Khalil Shakir, Perry Knotts, Cooper Neill, Ric Tapia Organizations: NFL, NFC, Cardinals, West, Bengals, Falcons, Panthers, Bears, Lions, Soldier, — Adam Jahns Cincinnati Bengals Bengals, Chargers, Broncos, Titans, Browns, Cowboys, AFC, Colts, Cincinnati, Denver, Steelers, Cleveland Browns Browns, — Zac Jackson Dallas Cowboys, T, Saints, Nick Kosmider Detroit Lions, Detroit, Chiefs, Giants, Pro, Packers, Texans, C.J, Jaguars, — Matt Schneidman Houston Texans Houston, AFC South, Dallas, Kansas City, Tennessee ., Houston, — Mike Jones Indianapolis Colts, Flacco, — James Boyd Jacksonville Jaguars Jacksonville, — Jeff Howe Chiefs, Kansas City Chiefs, Buccaneers, Raiders, Tashan Reed Los Angeles Chargers, — Daniel Popper Los Angeles Rams Rams, Rams, Miami, Seattle, Los Angeles, Miami Dolphins, Dolphins, Vikings, Patriots, New, Williams ’ Chicago Bears, Our NFL, New Orleans Saints, Getty, Jets, Eagles, NFC East, Washington, Philadelphia, The Eagles, Ravens, Pittsburgh Steelers, Fame, Pittsburgh, San Francisco 49ers, 49ers, The Rams, Arizona Cardinals, Pro Bowler, Seahawks, Pro Bowlers, Derick, Shawn Dugar Tampa Bay Buccaneers, Bucs, — Dan Pompei Tennessee Titans, Sunday’s Locations: Arizona, Green, San Francisco, Detroit, Los Angeles, Cleveland, takeaways, Dallas , Tennessee, Jacksonville, Miami, Baltimore, Indianapolis, Khan’s, Los, Scoop, Minnesota, Carolina . New Orleans, New Orleans, Tampa, Philadelphia, Washington, T.J, Levi’s, Metcalf, Levis

☆ Want to dodge the market volatility and capture the upside? This JPMorgan ETF's manager reveals how he's doing it
▼ + stars: | 2024-11-07 | by ( Ganesh Rao | ) www.cnbc.com time to read: +4 min

The JPMorgan Asset Management's U.S. fund, already the largest active ETF in the world, returned 21.5% in 2021, including 8.15% as income. In 2022, when the S & P 500 index nearly fell into a bear market, the fund lost just 3.5% in value. Over the past couple of years, the fund has returned 7% to 9% in income on top of capital appreciation. Spence stressed that JPMorgan did not intentionally time its entry into Europe on one of the most volatile weeks of the year for global markets. One such fund is Global X's covered call ETF XYLD , which marginally outperformed JPMorgan's JEPI over the past two years.

Persons: Donald Trump's, JEPI, Hamilton Reiner, Travis Spence, Spence, Reiner Organizations: JPMorgan, JPMorgan Asset Management's, CNBC, London Stock Exchange, Deutsche Borse, Six Swiss, Asset Management, U.S, Presidential, Global Locations: Europe, Germany, U.S, London, Netherlands, Italy, Switzerland

☆ Lucid slightly tops Wall Street's third-quarter expectations amid widening losses
▼ + stars: | 2024-11-07 | by ( Michael Wayland | ) www.cnbc.com time to read: +1 min

Brand new Lucid electric cars sit parked in front of a Lucid Studio showroom in San Francisco on May 24, 2024. Lucid Group slightly beat Wall Street's third-quarter expectations as the electric carmaker cuts costs ahead of plans to begin consumer production of a new SUV by the end of this year. Lucid CEO Peter Rawlinson described the quarter as a "landmark" for the company, citing record deliveries of 2,781 units as well as cost-cutting measures. The company reaffirmed plans to produce roughly 9,000 vehicles this year, which would mark a 6.8% increase compared to 8,428 units in 2023. Lucid said it had $5.16 billion in total liquidity to end the quarter.

Persons: Peter Rawlinson, Lucid Organizations: Lucid Locations: San Francisco

☆ China October exports record highest jump in 19 months, imports decline more than expected
▼ + stars: | 2024-11-07 | by ( Anniek Bao | In | ) www.cnbc.com time to read: +2 min

China's exports in October rose at their fastest pace in 19 months, sharply beating analysts' estimates, according to data from the country's customs agency on Thursday. Exports rose by 12.7% in October from a year ago in U.S. dollar terms, their highest jump since March 2023, according to LSEG data. Analysts had pegged exports growth at 5.2% year on year in October, according to a Reuters poll. Analysts had forecast a decline of 1.5% in October exports, according to a Reuters poll. The world's second-largest economy has been grappling with weakening domestic consumption and a protracted property crisis, with exports being a rare bright spot.

Persons: Bruce Pang Organizations: Analysts, JLL, CNBC Locations: Qingdao Port, Shandong province, Qingdao, China, Greater China

☆ Airbnb misses on earnings but squeaks in a revenue beat
▼ + stars: | 2024-11-07 | by ( Ashley Capoot | In | ) www.cnbc.com time to read: +2 min

Airbnb reported third-quarter earnings on Thursday that were shy of analyst estimates, though it squeaked in a small revenue beat. Here's how the company did:Earnings per share: $2.13 vs. $2.14 expected by LSEG$2.13 vs. $2.14 expected by LSEG Revenue: $3.73 billion vs. $3.72 billion expected by LSEGRevenue increased 10% from $3.4 billion a year earlier. Airbnb reported net income of $1.37 billion, or $2.13 per share, compared with $4.37 billion, or $6.63 per share, in the same period last year. Gross booking value, used by Airbnb to track host earnings, service fees, cleaning fees and taxes, totaled $20.1 billion in the third quarter. That's above the $19.9 billion expected by analysts, according to StreetAccount.

Persons: Brian Chesky, Airbnb, Airbnb's, StreetAccount Organizations: Airbnb Inc, LSEG, LSEG Revenue, StreetAccount Locations: Los Angeles , California

☆ Warner Bros. Discovery adds 7.2 million Max subscribers, the streamer's largest single-quarter jump
▼ + stars: | 2024-11-07 | by ( Lillian Rizzo | ) www.cnbc.com time to read: +1 min

Warner Bros. Discovery said Thursday its streaming platform Max added 7.2 million global subscribers in the third quarter. Max now has 110.5 million subscribers as of Sept. 30. Warner Bros. Adjusted EBITDA for the segment was $289 million, an increase of $178 million compared to last year.

Persons: Max, Barbie Organizations: Warner Bros, Discovery

☆ The Fed just cut interest rates by another 25 basis points—here’s what will get cheaper
▼ + stars: | 2024-11-07 | by ( Mike Winters | ) www.cnbc.com time to read: +2 min

The rate dropped by 25 basis points to a range of 4.50% to 4.75%. The Fed began cutting rates in September to help boost the economy as inflation cools and the job market softens. In a September speech, Fed Chair Jerome Powell indicated that another 25-bps cut could happen before 2025 if current economic trends hold steady. Below is a breakdown of how the recent rate cuts could impact your monthly borrowing costs. The breakdown includes today's 25-bps cut and the cumulative 75-bps reduction since the Fed began cutting rates in September, as estimated by Bankrate.

Persons: Jerome Powell Organizations: Federal Reserve, Fed, Bankrate, today's, Equity Lines

☆ Nissan is slashing 9,000 jobs after a dire financial performance
▼ + stars: | 2024-11-07 | by ( Shubhangi Goel | ) www.businessinsider.com time to read: +3 min

Nissan is cutting 9,000 jobs globally to reduce costs, the company said Thursday. Nissan will cut production capacity by 20% and executives will take pay cuts. AdvertisementNissan is cutting 9,000 jobs globally in an effort to cut costs, the Japanese automobile giant said in an earnings statement on Thursday. Nissan said that sales volumes decreased year-on-year to 1.6 million cars, hurt by higher selling and production costs, particularly from the US. Along with the layoffs, Nissan is cutting production capacity by 20%.

Persons: —, Makoto Uchida, Guillaume Cartier, Carlos Ghosn Organizations: Nissan, Service, Automotive News, Automotive Locations: Africa, Middle East, India, Europe, Oceania, China, North America, Japan, Lebanon

☆ Is the 'vibecession' here to stay? Here's what experts say
▼ + stars: | 2024-11-07 | by ( Ana Teresa Solá | ) www.cnbc.com time to read: +3 min

While the Federal Reserve is still concerned about inflation, "we're seeing these signs of weakness in the labor market," Scanlon said. "This suggests that the labor market remains firm despite signs of weakening," J.P. Morgan noted. 'What the bond market is telling us'The stock market rallied after the presidential election results. That's what the bond market is telling us." Depending on what policies are enacted under Trump's second term, the inflation problem might get worse, experts say.

Persons: Brett House, Scanlon, There's, Mark Hamrick, J.P, Morgan, Hamrick, Trump Organizations: Columbia Business School, Bureau of Labor Statistics, Federal Reserve, of Labor Statistics, BLS, Dow Jones, Nasdaq, Treasury, Trump Locations: U.S, China

☆ Jeff Bezos' net worth hits all-time high fueled by Amazon shares getting Trump bump
▼ + stars: | 2024-11-07 | by ( Sarah Jackson | Madeline Berg | ) www.businessinsider.com time to read: +3 min

The Amazon founder's net worth soared to an all-time high of $228 billion on Wednesday, per Bloomberg's Billionaires Index. Amazon's stock reached its own record high on Wednesday, fueling Bezos' wealth jump. His net worth hit a record high of $228 billion on Wednesday, according to the Bloomberg Billionaires Index. The rally helped the Nasdaq 100, the index on which Amazon is listed, reach a record high. The Tesla CEO's net worth climbed $26.5 billion on Wednesday to reach $290 billion, per Bloomberg.

Persons: Jeff Bezos, —, Donald Trump, Bezos, Elon Musk, Bezos —, Trump Organizations: Service, Bloomberg, Nasdaq, Trump, Tesla, Washington Post, SpaceX, NASA

☆ Binance founder Changpeng Zhao says prison inmates and guards asked him for crypto tips
▼ + stars: | 2024-11-07 | by ( Geoff Weiss | ) www.businessinsider.com time to read: +3 min

Binance founder Changpeng Zhao left prison in September. He said he wasn't recognized at first, but inmates and guards soon sought crypto tips. He told Bloomberg in his first post-prison interview about how he spent his days. Changpeng Zhao, widely known as CZ, told Bloomberg in his first interview since being released in September. He said he told inquiring inmates and prison guards: "I don't have access to any information.

Persons: Changpeng Zhao, wasn't, —, Zhao, Binance, That's, he's, Donald Trump's Organizations: Bloomberg, Service, ISIS, Giggle Academy, Zhao Locations: California —

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