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☆ 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

☆ Cans of ‘fresh air’ from Lake Como on sale to tourists in Italy
▼ + stars: | 2024-11-04 | by ( Issy Ronald | ) edition.cnn.com time to read: +3 min

But now, communications company ItalyComunica says it has bottled the very air of Italy’s picturesque Lake Como and is selling these cans for €9.90 ($11) apiece. courtesy Italycomunica srlMore than 5.6 million people visited Lake Como in 2023, and the numbers are consistently growing, according to the Lombardy tourism bureau. In an attempt to capitalize on the visitor numbers, marketing specialist Davide Abagnale originally created an e-commerce site selling Lake Como posters, after seeing so many posters of San Francisco and Los Angeles on his honeymoon in 2022. “It’s a novel idea, but not for everyone,” he told CNN. Tourists can also buy cans of air in Iceland, while a Canadian company saw its sales boom in 2015 when hundreds of Chinese customers began buying its canned air.

Persons: – George, Amal Clooney, Gucci ”, srl, Davide Abagnale, ItalyComunica, “ It’s, ” Abagnale, Alessandro Rapinese, wouldn’t, “, ”, Chiara Piscitelli, Abagnale Organizations: CNN, “, Como Locations: Lake Como, Lombardy, San Francisco, Los Angeles, Como, Naples, England, Scotland, Wales, Northern Ireland, Iceland, Canadian

☆ An Oregon airport is trying to alleviate travel anxiety with llama therapy
▼ + stars: | 2024-11-04 | by ( Joshua Nelken-Zitser | ) www.businessinsider.com time to read: +3 min

Portland airport is using llamas and alpacas for stress relief at its terminals. Animal therapy appears to lower anxiety and promote mood-lifting hormones. AdvertisementAn airport in Oregon is trying to ease nervous flyers' concerns by providing them with access to an unusual animal therapy program. Most existing studies are focused on therapy dogs, which are increasingly being used in airports, such as London Stansted and Istanbul Airport. Denver International Airport has the world's largest animal therapy program, for which it was awarded the Guinness World Record in 2021.

Persons: —, Allison Ferre, Mintel Organizations: Service, Portland International, NPR, UCLA Health, London Stansted, Istanbul Airport, Port, Business, International, Guinness, Disease Control, Prevention Locations: Portland, Oregon, Ridgefield , Washington, New York City, Istanbul, Port of Portland

But that hasn’t stopped abortion rights supporters from pushing for votes up and down the ballot. Across the South, supporters of abortion rights are using the issue to motivate voters. Although Texas does not have a statewide referendum on abortion, Rep. Colin Allred's Senate campaign has galvanized abortion rights supporters. It’s easier for Democrats to campaign on the issue, she said, because their party is more united in favor of abortion rights than Republicans are in opposition. That switch proved pivotal in passing the state’s abortion ban.

Persons: Roe, Wade, hasn’t, Donald Trump, Kamala Harris, “ Nobody’s, Emma Horst, Martz, Travis Dove, Harris, Colin Allred, Sen, Ted Cruz, Colin Allred's, JerSean Goldblatt, Diana Mutz, ”, “, Lauren Gonzalez, Josh Stein, Mark Robinson, he’s, fairgoers, Brett Dearing, he’d, Bill Pincus, “ I'm, ” Pincus, Bracey Harris, Trump, Cruz, it’s, Allred, Gina Ortiz Jones, Rachel O'Leary Carmona, Joe Biden, — Candi Miller, Amber Nicole Thurman —, Amber Nicole Thurman, Candi Miller, Elijah Nouvelage, Mimi Zieman, GYN, “ They’re, Horst, ” Horst, Matthew Morman, Stein, Morman, we’ve, they’re, ” Matthew Morman, NBC News Safiyah Jackson Organizations: ”, NBC, Colin Allred's Senate, NBC News Abortion, Institute for, Citizens, University of Pennsylvania, North Carolina voters, Elon University, Democratic, Republican, Gov, North Carolina, Fair, Lexington, NBC News, Carolina State Fair, Senate, OB, Trump, Planned Locations: RALEIGH, N.C, —, Wake County, North Carolina, ”, Carolinians, Georgia, Texas, ” North Carolina, Raleigh, Carolina, U.S, Amarillo, Atlanta, Raleigh , North Carolina, Fuquay, Varina

☆ Dennoriss Richardson: FBI investigating death of Black man found hanging in Alabama
▼ + stars: | 2024-11-02 | by ( Associated Press | ) edition.cnn.com time to read: +8 min

Widespread skepticism about Richardson’s death underscores deep-seated distrust of local law enforcement in Colbert County. A spokesperson for the FBI’s field office in Birmingham confirmed the FBI is aware of Dennoriss Richardson’s death and is reviewing the allegations of criminal misconduct. Marvin Long, a 57-year-old Black man and lifelong Colbert County resident, knew Dennoriss Richardson’s family well growing up. He shares the skepticism about the suicide ruling and said Richardson’s death has intensified his fear of retaliation. Dennoriss Richardson pleaded guilty to drug possession in 2006 and was sentenced to five years in prison.

Persons: Dennoriss Richardson, Leigh Richardson, didn’t, Sheriff Eric Balentine, ” Balentine, Dennoriss, Tori Bailey, Bailey, ” Bailey, Marvin Long, ” Long, “ I’m, Long, Richardson, Roderick Van Daniel, ” Van Daniel, ”, Balentine, “, ” Richardson, Sheffield Mayor Steve Stanley, Stanley, ” Stanley, Richardson’s, Van Daniel, Richardson “ Organizations: Alabama AP, FBI, Sheriff’s, Sheriff, NAACP, Equal, Initiative, Sheffield Police, “, Sheffield, The Sheffield Police Department, Sheffield Mayor, Sheffield Police Department, International Association for Suicide Prevention, Befrienders Locations: Montgomery, Alabama, Colbert County, Sheffield, Tennessee, The Colbert, Birmingham, Colbert

☆ China is closing a South China Sea surveillance gap with a new radar made to spot stealth aircraft, satellite images suggest
▼ + stars: | 2024-11-02 | by ( Chris Panella | ) www.businessinsider.com time to read: +6 min

Satellite images appear to show a SIAR system on Triton Island in the South China Sea. China previously built a SIAR system on Subi Reef in the Spratly Islands, further south in the South China Sea and west of the Philippines. "This is an iteration on a long-term Chinese strategy to dominate the sensor space in the South China Sea," he said. AdvertisementLast fall, the Pentagon documented growth in China's intelligence-gathering capabilities in the South China Sea, especially at the Spratlys. China's new SIAR system on Triton Island helps grow its reconnaissance and surveillance network in the South China Sea.

Persons: —, Chatham House's John Pollack, Damien Symon, Maxar, Chatham, Gregory Poling, Michael Dahm, Dahm, Aaron Haro Gonzalez Organizations: Service, Business, Chatham House, Triton, Southeast Asia Program, Asia Maritime, Center for Strategic, International Studies, Pentagon, Aerospace, China Studies, Mitchell Institute, US, Communication, US Air Force Locations: China, South China, South, Chatham, Spratly, Philippines, Hainan, Beijing, Aaron Haro Gonzalez China

☆ Sam Altman explains OpenAI's shift from open to closed AI models
▼ + stars: | 2024-11-02 | by ( Sarah Jackson | ) www.businessinsider.com time to read: +5 min

CEO Sam Altman explained the company's shift to closed AI models in a Reddit AMA on Thursday. AdvertisementWhy doesn't OpenAI open-source the AI models behind ChatGPT if the company is called OpenAI? Altman responded that open source "plays an important role in the ecosystem and there are great open source models in the world." The comments from Altman follow a year in which OpenAI has received criticism for no longer open-sourcing its AI models. "There is no single open source AI definition, and defining it is a challenge because previous open source definitions do not encompass the complexities of today's rapidly advancing AI models," the spokesperson said.

Persons: OpenAI, Sam Altman, —, Altman, Elon Musk, ChatGPT, Musk, Ilya Sutskever, Mark Zuckerberg, OpenAI's GPT Organizations: Service, Microsoft, OpenAI, Meta, OSI

In states where tensions have long boiled over reproductive rights, family planning experts say women face mounting barriers to getting birth control. In June, Senate Republicans blocked a bill that would have enshrined a national right to birth control into law. States have been left to decide if they will protect access to birth control. The Right Time initiative is part of Michelle Trupiano's work at Missouri Family Health Council that reduces costs and helps Missourians to obtain birth control. She works at a family planning clinic that is benefiting from Title X funding, which means right now, uninsured patients can get birth control through the clinic.

Persons: LOUIS —, Roe, Wade, “, ” Sen, Elizabeth Warren, Joe ”, Glenn Youngkin, ”, Michelle Trupiano, Michelle Trupiano's, Yasmine Salam, Sen, Denny Hoskins, Hoskins, doesn’t, ” Trupiano, ” Hoskins, Maggie Olivia, ” Olivia, “ It’s, Trupiano, Kate Wagner, Wagner Organizations: LOUIS, Republicans, NBC, People, D.C, Guttmacher Institute, Lawmakers, Republican Gov, Missouri Family Health Council, Missouri Family Health, Missouri Republican, NBC News, Healthy Texas Women, Mayo Clinic, Drug Administration, Missouri Foundation, Health, Abortion, Jefferson, Jefferson County Health Department Locations: Missouri, Maryland, South, Washington, Arizona , Iowa, Virginia, Nevada, Texas, U.S, In Missouri, Jefferson County

☆ A first-time NYC marathon runner's special race goal: Advocate for gun violence prevention
▼ + stars: | 2024-11-01 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Clarettabellamyheadshot.Jpg | Claretta Bellamy | ) www.nbcnews.com time to read: +5 min

But the motivation for his first 26.2 mile race is personal: to advocate for gun violence prevention. Bosley and his family have dedicated their lives to stopping gun violence and helping loved ones of those lost to it. While rates of gun violence in Chicago have decreased in recent years, it’s still an ongoing problem. Data from the Chicago Police Department revealed the city’s gun violence and homicide rates dropped by 13% in 2023 to pre-pandemic levels. With his schedule, busy with his job and gun violence prevention work, he makes time for the long runs that marathon training requires.

Persons: Trevon Bosley, Bosley’s, Vincent Avant, Terrell Bosley —, —, Trevon Bosley “, ” Bosley, “, Bosley, Chicago’s, Joe Biden, ”, Pam, Tim Bosley, it’s, That’s, Terrell Organizations: TCS New York City Marathon, Zion Church, Parkland, Safer Communities, Chicago Police Department Locations: Chicago, Chicago’s West Pullman, Staten Island , New York, New, Parkland , Florida, Illinois, Indiana, “ Indiana

☆ Wendy's is closing another 140 'outdated' stores as it looks to build out new higher-tech locations
▼ + stars: | 2024-11-01 | by ( Dominick Reuter | ) www.businessinsider.com time to read: +2 min

Wendy's says will close 140 "outdated" stores this year, leaving its growth count flat for 2024. Wendy's is in the home stretch of a redesign that features new tech and drive-thru improvements. The fast-food chain said Thursday that it will close 140 "outdated" stores in underperforming areas this year, ahead of schedule. Wendy's has 7,000 worldwide locations, and previously said it expected to close around 100 locations this year. AdvertisementTanner said annual sales and profit margins at the closing locations are far below the overall company average.

Persons: Wendy's, —, Kirk Tanner, Tanner, Gunther Plosch Organizations: Service

☆ Russia's struggle to kick the Ukrainians out is likely only going to get tougher
▼ + stars: | 2024-11-01 | by ( Sinéad Baker | ) www.businessinsider.com time to read: +7 min

AdvertisementRussia's retaking territory in Kursk, but efforts to drive the Ukrainian forces out of the country will likely only get more difficult. Ukrainian troops invaded the Kursk region in southwestern Russia in August, and at one point, they held roughly 500 square miles of Russian territory. Russia's response to the shock assault was slow, but a larger effort to drive the Ukrainians out is now underway. Michael Bohnert, a warfare expert at RAND Corporation, told BI Ukraine doesn't have to defend Russian cities. Russia's military is larger than Ukraine's, which means that the more resources Russia uses, the harder it will be to defend.

Persons: —, William Alberque, Matthew Savill, YAN DOBRONOSOV, Michael Bohnert, it's, Alberque, Vladimir Putin, Ukraine would've, Savill, Russia's, Volodymyr Zelenskyy, Zelenskyy Organizations: Kursk ., Service, Stimson Center, Royal United Services Institute, UK Ministry of Defence, Getty, Russia Ukrainian, RAND Corporation, Ukraine, Ukraine's, Korean, Russian Defense Ministry Press, AP Locations: Russia, Ukraine, Kursk, Russian, Ukrainian, Sudzha, AFP, Russia's Kursk, Ukraine Ukraine, Russia's

☆ Freebies on Election Day include Uber and Lyft rides, Krispy Kreme doughnuts and more
▼ + stars: | 2024-11-01 | by ( Ramishah Maruf | ) edition.cnn.com time to read: +3 min

Election Day, which falls on Tuesday Nov. 5, is not a federal holiday. Make sure to check local restaurants, bars and businesses for any Election Day promotions they may have. Here are some offers available nationwide:RideshareOn Election Day, users will be greeted with different promotions when clicking on the “Go Vote!” tile in the Uber app. Lyft also said it is offering a 50% discount (up to $10) on Election Day rides to the polls. IkeaParticipating locations at the Swedish furniture retailer will offer a free frozen yogurt on Election Day.

Persons: Elon, Lyft, “, ” Jerry Golden, Hertz, Krispy, Johnny Rockets Organizations: New, New York CNN, Rentals, Johnny Locations: New York, West Coast, Swedish

☆ Prince William defends his ambitious plan to tackle homelessness in UK
▼ + stars: | 2024-11-01 | by ( Billy Stockwell | ) edition.cnn.com time to read: +4 min

Editor’s Note: This is a version of CNN’s Royal News, a weekly dispatch bringing you the inside track on Britain’s royal family. On the UK radio station LBC, he was dubbed the “prince of homelessness” by host James O’Brien. Like many UK cities, Newport has seen street homelessness almost double over the past three years, according to the documentary. “That’s one of the great things about the prince, he has real convening power. The two-part documentary will be available to stream globally on Disney+ from Friday, and viewers in the UK can catch up on ITVX.

Persons: CNN — Prince William, “, King, Prince, Wales, ”, William, James O’Brien, I’m, Sabrina Cohen, Hatton, ” Cohen, Cohen, Mick Clarke, “ He’s Organizations: CNN’s Royal, CNN, prince’s Royal Foundation, ITV, LBC, West Sussex Fire, Rescue Service, Disney Locations: United Kingdom, Newport, Wales, England, London, Duchy, Cornwall

With evolving workplace priorities, the Workforce Innovation board also predicted which new roles might emerge in the C-suite, including "chief transformation officer" and "chief experience officer." AdvertisementTim Paradis: We've seen new C-suite roles emerge in recent years, like chief AI officer and chief ethics officer. Then, while there is a "chief AI officer" role that's picking up, there is also a lot of focus on automation. Pittman: I think that a lot of these roles — whether it's chief diversity officer, chief risk officer, chief digital officer — are really about building new competencies that are not widely spread. AdvertisementThe number of companies naming chief transformation officers grew about 140% over the last couple of years.

Persons: Maggie Hulce, Julia Hood, Alicia Pittman, Neil Murray, that's, Kenon Chen, Anant Adya, everybody's, Justina Nixon, Saintil, We've, we've, Borgonovo, Tim Paradis, Nixon, It's, Pittman, Chen, isn't Organizations: Business, Workforce Innovation, Boston Consulting, Clear, Infosys, IBM, Saintil, Mastercard

LOS ANGELES — California and Nevada voters are weighing whether to repeal legal loopholes in their state constitutions that allow slavery and involuntary servitude to be used as criminal punishment. California and Nevada would join a growing national trend that started with voters in Colorado repealing involuntary servitude in 2018. Slavery and involuntary servitude were banned nationally by the 13th Amendment with one exception — as punishment for a crime. In 2016, Shawna Lynn Jones became the first incarcerated woman to die while fighting a fire in California, according to the state corrections department. "If it means we have to come back to California voters in two years or four years, then that's what we'll do," Nuñez said.

Persons: ” Rep, Barbara Lee, Shawna Lynn Jones, ” Alyssa Mireles, “, Lawrence Cox, Cox, ”, “ It’s, Terri Hardy, ” Hardy, —, Greg Totten, we’ve, ” Esteban Nuñez, Nuñez Organizations: Democratic, ”, “, League of United Latin American Citizens, California Department of Corrections, Rehabilitation, Firefighters, Institute of California, FBI, California — Locations: ANGELES, California, Nevada, Colorado, Utah, Nebraska, Alabama , Tennessee, Oregon, decarceration, U.S

☆ Biden hosts formal ceremony to celebrate federal support for Hispanic-serving institutions
▼ + stars: | 2024-10-31 | by ( The Associated Press | ) www.nbcnews.com time to read: +4 min

President Joe Biden hosted a formal ceremony Wednesday to publicly celebrate his executive order establishing an initiative to increase funding for Hispanic-serving institutions and create a board of advisors on HSIs. Flores said the executive order shows a federal understanding of how crucial HSIs are to the future of the nation. The more than 500 HSIs in the U.S. and Puerto Rico serve more than 4.7 million students every year, according to federal data. Many students are low-income, and nearly a third are eligible for Pell grants, which are federal scholarships for students in need. “The president’s executive order will strengthen these critical institutions and build their capacity to provide economic mobility for all their students.”

Persons: Joe Biden, Education Miguel Cardona, Biden, Antonio R, Flores, ” Flores, Pell, ”, Neera Tanden Organizations: Census, Education, Hispanic Association of Colleges, Universities, House, Associated Press Locations: U.S, Puerto Rico, American

Over the past seven decades, Puerto Rico has been governed by the pro-statehood New Progressive Party, currently in office held by Gov. This year, however, the candidate from the Puerto Rican Independence Party, a minority party that advocates for the island’s independence from the U.S., has had a breakthrough. Independence Party candidate Juan Dalmau has gained enough momentum to have a fighting chance at defeating Jenniffer Gonzalez, the candidate from the incumbent pro-statehood party, and relegating the candidate from the Popular Democratic Party, Jesús Manuel Ortiz, to third place. As a result, Congress passed the PROMESA law in 2016 to create a federally appointed fiscal oversight board to allow Puerto Rico to restructure its debt. In addition to this, Puerto Rico was hit by devastating natural disasters that include 2017’s Hurricane María and a series of earthquakes in 2020 and the pandemic.

Persons: Pedro Pierluisi, Juan Dalmau, Jenniffer Gonzalez, Jesús Manuel Ortiz, he's, Carlos Vargas, Ramos, Puerto Ricans, Ricardo Rosselló, Cristina Rodríguez, “, Rodriguez, Ortiz, Miguel Hernández, there's, Castro, ”, González, Jorge Schmidt Nieto, Schmidt Nieto, Pierluisi, Kamala Harris, Donald Trump, Harris, Tony Hinchcliffe’s, Puerto, Dalmau, Charles Venator, wouldn't, Javier Jiménez Organizations: New Progressive Party, Gov, Popular Democratic Party, Puerto Rican Independence Party, Independence Party, Puerto Ricans, Alianza, Citizens, Center, Puerto Rican Studies, Hunter College, Puerto Rican, Islanders, Puerto Rico, “ Alianza ”, Avid, Housing, U.S, University of Puerto, González, Puerto Rico's Center, Investigative Journalism, of Justice, Puerto Rico’s nonvoting, Popular Democratic, Trump, University of Connecticut Locations: Puerto Rico, U.S, Puerto, New York, Puerto Rican, Puerto Ricans, Alianza, Cuba, University of Puerto Rico, Mayagüez, Dalmau, Santiago, Venator

Their clash has already drawn more ad spending than any other Senate race in history, eclipsing the $412 million spent in Georgia’s 2020 race between Jon Ossoff and David Perdue. While Moreno clings to Trump, Brown tends to avoid talking too much about national political figures from either party. “Sherrod Brown, he’s taking ads in like he’s my best friend,” the former president said Sunday during a rally at Madison Square Garden in New York. He also acknowledged the threat of ticket-splitters — and the importance of Trump having coattails long enough to carry Moreno along with him. But then-Rep. Tim Ryan, a Democrat who represented much of the area for years, lost it to Vance in the Senate race by 3 points in 2022.

Persons: Ohio — Sen, Sherrod Brown, Bernie Moreno, Jon Ossoff, David Perdue, Brown, Moreno, Donald Trump, ” Brown, “, it’s, —, ”, ” Sen, Republican Bernie Moreno, Barack Obama, Bob Taft, Trump, “ Sherrod Brown, “ He’s, ” Moreno, MAGA, Donald Trump Jr, Sen, Lindsey Graham, Graham, “ Trump’s, ” Graham, Kamala Harris, “ I’m, Kamala, Joe Biden, ’ ” Brown, Obama, Brown’s, Rachel Petri, JD Vance, Tim Ryan, Vance, they’ve, ” Petri, Paul Adams, Chuck Schumer, Hunter, “ We’ve, ” Trump, Martin Luther King Jr, Shontel Brown, Chris Ronayne, Moreno “, Andre Washington, — Sherrod Brown, David Brock, He’s, ” Moreno —, Sherrod Organizations: Republicans, Trump, NBC News, Teamsters, Republican, Ohio Senate, Ohio Gov, Madison, Trump’s, Democrat, ”, Democratic, Senate, Trump Jr, Cleveland, Ohio Democratic Party, GOP, Fund, Cuyahoga County Democratic Locations: VERMILION, Ohio, Trump, Youngstown, New York, Erie, swingy Lorain County, Lorain, Lorain County, Cleveland, Delaware, Mahoning counties . Delaware, Columbus, Mahoning, Strongsville, Russia, Lake Erie, Cuyahoga County, I’m

This week, the state health department issued an advisory to doctors suggesting that recent ads about Nebraska’s abortion restrictions had created "confusion." She said the health department and Gov. Jeff Powell, communications director for the Nebraska Department of Health and Human Services, said the intent of the health alert was to "clarify the current law." In response to the health department alert, two doctors in the state said there is no confusion among physicians about how to treat ectopic pregnancies or miscarriages. The Florida Health Department sent cease-and-desist letters to multiple broadcast stations that aired an ad supporting an abortion-rights ballot measure.

Persons: Timothy Tesmer, Allie Berry, —, Berry, Jim Pillen —, Jeff Powell, women’s, Kimberly Paseka, Paseka, ”, ” Paseka, “, Abigail Drucker, Drucker, ” Drucker, ” Dr, Mary Kinyoun, ” Powell, DHHS, Joseph Ladapo Organizations: OB, Nebraska, Gov, Republican, Nebraska Department of Health, Human Services, NBC News, American College of Obstetricians, Florida Health Department Locations: Nebraska, Gynecologists ’ Nebraska, Omaha, Florida

☆ Here are Thursday's biggest analyst calls: Meta, Coinbase, Microsoft, Robinhood, Wingstop, Target & more
▼ + stars: | 2024-10-31 | by ( Michael Bloom | ) www.cnbc.com time to read: +5 min

Here are the biggest calls on Wall Street on Thursday: Goldman Sachs reiterates Microsoft as buy Goldman says the stock remains extremely attractive following earnings on Wednesday. Bank of America reiterates as Meta as buy Meta remains a "top AI pick" following earnings on Wednesday. Deutsche Bank downgrades Kraft Heinz to hold from buy Deutsche says it sees "reduced growth" following earnings. BTIG upgrades Wingstop to buy from neutral BTIG said investors should buy the dip following earnings on Wednesday. "We are upgrading shares of Wingstop to Buy from Neutral with a $370 price target following the post-earnings selloff in shares yesterday."

Persons: Goldman Sachs, Goldman, Al, Oppenheimer, Wolfe, Bernstein, it's, JPMorgan downgrades Brinker, Morgan Stanley downgrades Biogen, Morgan Stanley, Deutsche Bank downgrades Kraft Heinz, KBW, Wells, Wells Fargo, L3Harris Organizations: Microsoft, Bank of America, Meta, JPMorgan, Chili's, Corp, Deutsche Bank, Deutsche, Walmart, Technologies, of America Locations: Robinhood, 4Q24, OW

☆ What Wall Street expects from Amazon, Apple earnings after the bell
▼ + stars: | 2024-10-31 | by ( Samantha Subin | ) www.cnbc.com time to read: +6 min

Wall Street faces another key litmus test Thursday with results from megacap technology giants Apple and Amazon . For Apple, Wall Street also wants to see its latest iPhone pick up steam, and investors seek more insight into when the company's AI initiative will begin lifting sales. For Apple, Wall Street expects EPS of $1.60 on $94.58 billion in revenue. Amazon's retail business also remains top of mind for Wall Street ahead of the busy holding shopping period. Apple For Apple, Wall Street is eagerly searching for signs of strong demand for its latest iPhone model and updates on its AI strategy.

Persons: Jason Helfstein, Brent Thill, Bank of America's Justin Post, Doug Anmuth, Goldman Sachs, Eric Sheridan, Ronald Josey, Morgan Stanley, Erik Woodring, Jefferies, Edison Lee, Samik Chatterjee, Davidson's Gil Luria, Wamsi Mohan, Tim Long, AAPL, Long Organizations: Apple, Nasdaq, Microsoft, Wall, LSEG, Amazon, StreetAccount, Jefferies, Bank of America's, Apple Intelligence, " Bank of America, Barclays Locations: Amazon

☆ Sovereign debt is the biggest risk to global growth in 2025, Saudi finance minister says
▼ + stars: | 2024-10-31 | by ( Natasha Turak | ) www.cnbc.com time to read: +1 min

RIYADH — National debt is a major threat to markets in the near future, Saudi Arabia's finance minister said, expressing particular concern over lower income countries as well as what he described as rapidly growing global fragmentation. "I think globally, the serious, serious issue that we need to watch is sovereign debt issues, particularly in low income countries and emerging economies that do not have the fiscal buffers to lean into in case of disruptions in the market," Mohammed Al-Jadaan told CNBC's Dan Murphy Wednesday from the Future Investment Initiative in Riyadh. "And hopefully between the IMF and the G20 we will find a solution, and we will be ready to support the world economy in case of shocks in that area, but it is an area that we need to watch, as global leaders, to make sure that it doesn't surprise us." Global public debt hit a record $97 trillion in 2023, prompting the United Nations to call for urgent reforms for governments and financial systems around the world.

Persons: Mohammed Al, Jadaan, CNBC's Dan Murphy Organizations: Saudi, Future Investment, IMF, Global, United Nations Locations: RIYADH, Riyadh

☆ Amazon crushed it in e-commerce and cloud, forecast an impressive holiday quarter
▼ + stars: | 2024-10-31 | by ( Jeff Marks | ) www.cnbc.com time to read: +9 min

Amazon reported a much better-than-expected third quarter Thursday, with strong growth across online sales, its cloud business and advertising. Commentary Cloud unit Amazon Web Services (AWS) revenue in the third quarter was essentially in line with the consensus forecast. Growth on a constant currency basis held steady from the second quarter at 19%, breaking a three-quarter streak of accelerating revenue growth. Quarterly results As for the rest of the company, Amazon delivered revenue beats across Online Stores (7% revenue growth), Subscription Services (11% revenue growth), and Advertising Services (19% revenue growth). Smaller businesses like Physical Stores (5% revenue growth) and Other (7% revenue growth) were better than expected too.

Persons: Andy Jassy, Jassy, it's, Kuiper, That's, Jim Cramer's, Jim Cramer, Jim, Nathan Stirk Organizations: Amazon, LSEG, Management, Walmart, Target, Microsoft, North America, International, Web Services, AWS, Subscription Services, Advertising Services, Seller Services, CNBC, Getty Locations: North, North America, United Kingdom, Germany, Sutton Coldfield, England

Groups in favor of the ballot measure are making a final push as early voting is underway, with hundreds of thousands of ballots already cast. While some states, like California and Vermont, passed abortion rights ballot measures by well over 60%, in other states, such as Michigan and Ohio, they passed by about 56%. Jeanette Nuñez, who opposes the ballot measure, accused the abortion rights ads of being deceptive. And one state agency that regulates health care providers, including abortion clinics, launched a website last month opposing the ballot measure. “But they don’t necessarily connect that there’s a six-week abortion ban.”

Persons: Chelsea Daniels, ” Daniels, Court's Dobbs, Octavio Jones, —, Roe, Wade, it’s, ”, Fernand Amandi, Ron DeSantis, ” Amandi, Gov, Jeanette Nuñez, Nuñez, they're, “, Lauren Brenzel, there’s, Alex Berrios Organizations: MIAMI, Getty, Democratic, Republican, Republican Florida Gov, of Health, NBC News, Physicians for Human Rights, Network, The Florida Department, State’s, Security, Department of Transportation Locations: Florida, Parenthood’s Miami, Orlando, Fla, California, Vermont, Michigan, Ohio, Miami

UNRWA provides far more than humanitarian aid in the Gaza Strip. Many Palestinians see darker motives, viewing the UNRWA ban as Israel's latest attempt to make their lives unlivable, first imprisoning and bombing them, now taking away their main aid lifeline. Palestinians wait to receive medicines at the UNRWA health center in Khan Younis last month. Despite its endorsements, the United States is yet to resume funding to UNRWA after Israel's Oct. 7 allegations. The Israeli Foreign Ministry has said it will use other agencies, such as the World Food Programme and the World Health Organization, to distribute aid.

Persons: ”, Scott Paul, Ariel Schalit, ” Mustafa Barghouti, Ahmad Gharabli, Khan Younis, Bashar Taleb, —, Matthew Miller, “, David Lammy, Hazem Bader, Oren Marmorstein, António Guterres, Philippe Lazzarini Organizations: United Nations, UNRWA —, Hamas, UNRWA, Oxfam America, Palestinian National Initiative, NBC, United Nations Refugee Agency, UNHCR, West Bank, Getty, ”, British, West, Foreign Ministry, NBC News, Israeli Foreign Ministry, Food, World Health Organization, General Locations: Gaza, Gaza City, Israel, Jordan, Syria, Lebanon, Jerusalem, AFP, Ireland, Norway, Slovenia, Spain, United States, U.S, North Korea, West Bank, Hebron, Israel's

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