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☆ 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

☆ Meet the trainees paying $136,000 to become the next generation of airline pilots
▼ + stars: | 2024-11-03 | by ( Pete Syme | ) www.businessinsider.com time to read: +7 min

It has nine intakes of 20 cadets this year for its Airline Transport Pilots Licence (ATPL) course that costs £105,500 ($136,000). It acquired another site in Vero Beach, Florida, where UK cadets spend six months of their course. Related Video Why flying is so terrible even though airlines spend billionsBooth says airlines are "very much knocking on our door" as they look to recruit new pilots. Skyborne cadets and British Airways CEO Sean Doyle at this year's Farnborough Airshow. Courtesy of British AirwaysLife at SkyborneWhen a new course starts at Skyborne, cadets move into the academy's accommodation in nearby Cheltenham.

Persons: —, Carla Booth, Booth, Oliver Wyman, Skyborne, Sean Doyle, Vicky Harriss, Libby Roebuck, Roebuck, There's, she's, I've, Harriss, Diamond, Pete Syme, They've Organizations: Business, Service, Gloucestershire, Airline, Delta Air Lines, British Airways, Speedbird, Academy, BI, TUI Airways, International Civil Aviation Organization, Airlines, Cadets, Piper, Boeing, Max, Airbus Locations: Florida, India, England, Vero Beach , Florida, America, Farnborough, Skyborne, Cheltenham, TUI

☆ I struggled to feel like I could be a good mom and businesswoman. My ayahuasca trip changed everything.
▼ + stars: | 2024-11-02 | by ( Tess Martinelli | ) www.businessinsider.com time to read: +7 min

Lindsay Roselle transformed her view on motherhood after an ayahuasca retreat in the Amazon. AdvertisementThis as-told-to essay is based on a conversation with Lindsay Roselle, a 42-year-old entrepreneur and mom from Colorado who attended an ayahuasca retreat and started microdosing psilocybin. Then in 2022, I was flying to a remote part of the Amazon for a three-day ayahuasca retreat, where I ingested a plant-based psychedelic used for medicinal, spiritual, and ceremonial purposes. My mom contributed to my negative idea of motherhoodGiving up my entrepreneurial career was never an option for me. The first one would be the biggest: a three-day ayahuasca ceremony held during a two-week trip to the Amazon.

Persons: Lindsay Roselle, —, That's, they're, I've, Tess Martinelli Organizations: Service Locations: Colorado, Peru, tmartinelli

☆ Rent and home prices are through the roof. Harris and Trump each say they have the answer
▼ + stars: | 2024-11-02 | by ( Samantha Delouya | ) edition.cnn.com time to read: +6 min

That shortage also affects rent prices. In August, Harris unveiled a multi-pronged plan to lower housing costs. The plan also includes two main proposals to lower rent costs. Both plans to lower rent would be subject to congressional approval, meaning that the measures may be difficult to pass even if Harris wins the presidency. Unlike Harris, Trump has not rolled out a formal housing plan, but he has tied plans to deport undocumented immigrants to housing.

Persons: Kamala Harris, Donald Trump, “ It’s, ”, Jim Parrott, That’s, ” Parrott, Mario Tama, Freddie Mac, Harris, Trump, “ We’re, homeownership, SSRS, “, Nick Pappas Organizations: CNN, Urban Institute, National Economic Council, SSRS, National Association of Realtors, Trump, Economic, of New, Treasury, Federal Reserve, “ Locations: Arizona , Nevada , Wisconsin , Michigan, Pennsylvania, Georgia, North Carolina, Los Angeles , California, America, of New York, Kansas

☆ A Nevada mayor is battling one of the worst housing shortages in the US. Her solution: looser construction regulation.
▼ + stars: | 2024-11-02 | by ( Eliza Relman | ) www.businessinsider.com time to read: +7 min

Reno Mayor Hillary Schieve says city leaders should cut regulations that stymie construction. AdvertisementThe mayor of Reno, Nevada, argues that the single best thing city leaders can do to help solve one of the country's worst housing shortages is to loosen regulations on housing construction. As mayor, Schieve has celebrated the new jobs and the growth of arts and culture in Reno and its surroundings. Under Schieve, Reno has loosened some of its regulations by allowing for more density, reducing parking requirements, and cutting fees. Schieve, the former chairwoman of the US Conference of Mayors, said Reno's rules regarding affordable housing construction are relatively lenient.

Persons: Hillary Schieve, —, There's, Schieve, Alex Horowitz, Tesla, she's, Joe Biden, Biden, Adrianne Todman, Donald Trump's, We've, we've, Vance, That's, Trump, Kamala Harris Organizations: Reno, Service, Apple, US, of Mayors, White Locations: Nevada, Reno , Nevada, Reno, Las Vegas

☆ Georgia resilient vs. Florida, but how concerning was close call after DJ Lagway injury?
▼ + stars: | 2024-11-02 | by ( Seth Emerson | Matt Baker | ) www.nytimes.com time to read: +7 min

Of course not, especially when its comeback came after Florida had to turn to its third-string quarterback. That said, clearly this kind of uneven game — especially from Beck — is unlikely to suffice the next two weeks. The only good news for Beck and Georgia: As much as he’s struggling, they’re still 7-1. Florida QB situation looks grimAny optimism about the Gators’ short-term and long-term future starts with Lagway, a five-star recruit ranked No. MISSILE TO MIZELL‼️ 📺 ABC pic.twitter.com/jDHCIrxGNo — Florida Gators Football (@GatorsFB) November 2, 2024Lagway’s status is uncertain after the hamstring injury sustained while rushing in the first half.

Persons: DJ Lagway, Carson Beck, Dominic Lovett, Aidan Warner, Dwight Phillips Jr, Beck, Lagway, Billy Napier, Cash Jones, Graham Mertz, Ole, it’s, Beck —, — Emerson, Brock Bowers, Ladd McConkey, Beck didn’t, Bowers, McConkey, Arian Smith, Lawson Luckie, Lovett, they’re, Tim Tebow, ators, Conn, hough, ike, ade, ohnson J r., ames Organizations: Georgia, Bulldogs, SEC, Gators, Warner, Yale, Ole Miss, Arkansas, Tennessee, Saturday, Kentucky, Auburn, Mississippi State, Clemson, Alabama, Beck and, ust, aker Locations: JACKSONVILLE, Fla, —, Georgia, Florida, Yale . Georgia, Texas, Beck and Georgia, tring

☆ North Korea boasts of ‘the world’s strongest’ missile, but experts say it’s too big to use in war
▼ + stars: | 2024-11-02 | by ( ) www.cnbc.com time to read: +5 min

The ICBM launched Thursday flew higher and for a longer duration than any other weapon North Korea has tested. As the transporter-erector launchers get bigger, their mobility decreases," Lee Sangmin, an expert at South Korea's Korea Institute for Defense Analyses. Lee Illwoo, an expert with the Korea Defense Network in South Korea, said North Korea may have developed a larger missile to carry bigger and more destructive warheads or multi-warheads. If that's the case, Lee said North Korea could have used liquid fuels as they generate higher thrust than solid fuels. watch nowLee said North Korea may have placed a dummy, empty warhead on the Hwasong-19 to make it fly higher.

Persons: Kim Jong Un, Kim Ju, Kim Jae, Lee Sangmin, Chang Young, Chang, Lee Illwoo, Lee, they're Organizations: Yongsan, North, Getty, Korean Central News Agency, South Korea's Korea Institute for Defense, Seoul's Korea Research Institute, National, Korea Defense Network, Korea's Locations: Seoul, North Korea, Korea, North Korean, South, Korean, South Korea, U.S, Japan

Election bets were approved legally just weeks ago, as the 2024 race headed into its home sprint. The ongoing legal wrangling could still lead to a shutdown of U.S. election betting markets, but not until after the 2024 vote. The CFTC permits only U.S. residents to use the newly opened election betting markets, meaning many bettors on the platforms are also potential voters. Nonetheless, Adam Cochran, founder of venture capital fund Cinneamhain Ventures, says he worries about how voters perceive election betting odds. Mansour acknowledged it’s a “fair concern” that the general public might mistakenly see betting odds as the size of a candidate’s lead.

Persons: Donald Trump, Kamala Harris, ” Robinhood, Rostin Behnam, Kalshi, John Aristotle Phillips, Phillips, ”, multibillionaire Trump, Elon Musk, “, ” Harris, Polymarket, bettors, Trump, Harris, Musk, Tarek Mansour, ” Mansour, Adam Cochran, ” Cochran, Mansour, it’s, There’s Organizations: Interactive, Futures Trading Commission, Republican, Democratic, Overseas, Victoria University of Wellington, NBC, Trump, Street Journal, Cinneamhain Ventures Locations: U.S, New Zealand, America

☆ The iPhone 16 upgrade can be a multi-year cycle, says BofA’s Wamsi Mohan
▼ + stars: | 2024-11-01 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe iPhone 16 upgrade can be a multi-year cycle, says BofA’s Wamsi MohanWamsi Mohan, Bank of America Securities analyst, joins 'Squawk Box' to discuss Apple's company quarterly earnings results, the company's iPhone growth outlook, and more.

Persons: BofA’s Wamsi Mohan Wamsi Mohan Organizations: Bank of America Securities

☆ I'm a Yale student, and I had to audition to join on-campus clubs. This controversial practice is an Ivy League tradition.
▼ + stars: | 2024-11-01 | by ( Miles Kirkpatrick | ) www.businessinsider.com time to read: +4 min

Most clubs don't engage in a rush process, but many do, primarily due to space and funding. AdvertisementSince it's such a stressful process for many students, it's considered a controversial tradition on Yale's campus. The moot court team application included space to discuss my interests and some fun questions about seahorses just for kicks; I appreciated the levity. AdvertisementAs for the improv groups, they go above and beyond to make auditioning a fun experience for everyone. AdvertisementHowever, overall, the system would be unable to maintain itself without a rush process.

Persons: —, it's, Rush, I've Organizations: Yale, Ivy League, Service

☆ Amazon shares jump 7%, approach record after earnings beat
▼ + stars: | 2024-11-01 | by ( Annie Palmer | In Annierpalmer | ) www.cnbc.com time to read: +3 min

Amazon shares jumped 7% on Friday and neared an all-time high after the company reported better-than-expected earnings, driven by growth in its cloud computing and advertising businesses. Revenue increased 11% in the quarter to $158.9 billion, topping the $157.2 billion estimate of analysts surveyed by LSEG. Sales in the Amazon Web Services cloud business increased 19% to $27.4 billion, coming in just shy of analysts' estimates, according to StreetAccount. That was an acceleration from 12% a year ago, but trailed growth at rivals Microsoft and Google , where cloud revenue increased 33% and 35%, respectively. The midpoint of that range, $185 billion, fell short of the average analyst estimate of $186.2 billion, according to LSEG.

Persons: Roth MKM, Brian Olsavsky, Andy Jassy, Jassy, we're, — CNBC's Ari Levy Organizations: Amazon, Revenue, LSEG, Services, Microsoft, Google, Nvidia, Meta

☆ Losing GPS could cost billions, so the Space Force is having companies like Astranis build a backup network
▼ + stars: | 2024-11-01 | by ( Michael Sheetz | In Michaeljsheetz | ) www.cnbc.com time to read: +4 min

Pentagon leaders believe those losses are a conservative estimate, leading the U.S. Space Force to kick off a roughly $2 billion satellite program known as the Resilient Global Positioning System. Called R-GPS for short, the program is intended to provide an alternative, backup network for the current satellite system. Last month, the branch awarded four companies with contracts for R-GPS design concepts: Astranis, Axient, L3 Harris and Sierra Space. The R-GPS planSpace Force used a novel Pentagon funding authority, called "Quick Start," to get the R-GPS program going. A rendering of a Nexus satellite in orbit.

Persons: Justin Deifel, Deifel, Harris, We've, John Gedmark, Astranis, Gedmark, they've, … We've Organizations: U.S . Air Force, GPS, Commerce Department, Pentagon, U.S . Space Force, Force's, Systems Command, CNBC, Space Force, Sierra Space, U.S, Department of Defense, Force, of Defense Locations: U.S, Russia, China, Sierra

“She has been pretty resistant to having those conversations,” said one senior Democrat familiar with the pre-election discussions with the vice president. While Harris’ transition team has been operating out of government-provided offices in Washington, Trump’s transition team is working from Manhattan and the Willard Hotel in Washington. A Harris victory would trigger the first same-party transition since 1989, when President Ronald Reagan handed off the presidency to his vice president, George H.W. Yet the extent to which Harris would retain members of the Biden administration is largely unknown. While Harris has maintained relationships with individual Cabinet and administration officials, some believe she will prefer to start anew with her own team.

Persons: CNN — Kamala Harris, Donald Trump, Harris, ”, “, I’ve, he’s, Joe Biden, Biden, Harris –, Harris ’, Ronald Reagan, George H.W, George H.W . Bush, “ They’re, Yohannes Abraham, Josh Hsu, Dana Remus Organizations: CNN, Harris Cabinet, Trump, White, Democratic, GOP, West Wing, White House, Biden, Republican, Association of Southeast Asian Nations Locations: Washington, Manhattan, Washington ., California, George H.W .

☆ For first time in six decades, freight rails split on union negotiation strategy
▼ + stars: | 2024-11-01 | by ( Lori Ann Larocco | ) www.cnbc.com time to read: +8 min

He added, "Votes of union workers in the United States against tentative agreements tend to reflect the white-hot anger of union employees against their employers. Tentative agreements are their only chance for them to express their frustration with their employer and their anger at the way they have been treated." A BNSF spokesperson said it is planning to attend the formal national labor negotiations even as it has announced nine tentative union agreements, five of which have already been ratified. It also has tentative agreements with the International Brotherhood of Electrical Workers (IBEW), SMART-TD, SMART-TD-YDM (Yardmasters Department), the International Brotherhood of Boilermakers, and Iron Ship Builders (IBB). To date, Norfolk Southern has reached tentative agreements with 10 of its 13 unions, covering approximately 67% of its craft workforce.

Persons: Berkshire Hathaway, Jeremy Ferguson, Ferguson, Joe Biden, Richard Edelman, Mooney, Green, Murphy, Welch, Daniel Imbro, Stephen, Brotherhood of Railway Carmen, we've, Mark George, Imbro, it's Organizations: Union Pacific, CSX, BNSF, Canadian Pacific, Canadian Pacific Kansas City —, SMART, Railway Labor, National Carriers ' Conference Committee, Railroads, NSC, National Conference of Firemen, Oilers, Tran, Transportation Communications Union, TCU, Brotherhood of Railway, International Brotherhood of Electrical Workers, Yardmasters Department, International Brotherhood of Boilermakers, Iron Ship Builders, Norfolk, Norfolk Southern, National Carriers ' Locations: Southern, Berkshire, Canadian Pacific Kansas, United States, Norfolk Southern, Norfolk

☆ Amazon's CEO is even more bullish on the AI opportunity
▼ + stars: | 2024-10-31 | by ( Eugene Kim | ) www.businessinsider.com time to read: +3 min

Amazon's AI services are rapidly growing, with significant demand for AWS's AI chips. AdvertisementJust when you thought Big Tech executives couldn't get more bullish on AI, Amazon CEO Andy Jassy upped the ante on Thursday. Amazon has launched a number of new AI services in recent years, including Bedrock, an AI development tool, the Rufus shopping agent, and homegrown AI chips called Inferentia and Trainium. Amazon's AI business is "growing three times faster at its stage of evolution than AWS did itself," he added. AdvertisementCustomers are realizing that AI model training and inference "could get costly" and AWS's AI chips can be "very compelling" in terms of its price, the CEO explained.

Persons: Jassy, —, couldn't, Andy Jassy, We've, unravels ChatGPT, Rufus Organizations: Service, Big Tech, Amazon, Services Locations: capex

☆ I left my Big Tech job to bootstrap my own business. I went from making nearly $300,000 to not paying myself a salary.
▼ + stars: | 2024-10-31 | by ( Pooja Shah | ) www.businessinsider.com time to read: +7 min

In October 2023, Soni Mehra left her Big Tech job to focus on her own home decor business. I was accustomed to working with larger teams in Big Tech, so I've had to get used to balancing multiple tasks. Thankfully, I can rely on savings from my prior Big Tech roles. I no longer make the same salary as I did in Big Tech, but still prioritize spending money on things my partner and I value, like travel. People ask me if I'd ever return to Big Tech.

Persons: Soni Mehra, Mehra, —, Gabrielle Wesley, Uber, I'd, I've, I'm Organizations: Big Tech, Service, Uber, Marble Lotus, Business, San, San Francisco Bay Area, Environmental, University of California, Mars, LinkedIn, Marble, Big, Entrepreneurs Locations: Delhi, India, San Francisco Bay, Berkeley, Mars Wrigley North America, COVID, Big Tech, Bay

☆ Palo Alto shares helped by contract news, Abbott Labs braces for lawsuit ruling
▼ + stars: | 2024-10-31 | by ( Kevin Stankiewicz | ) www.cnbc.com time to read: +6 min

An executive at Palo Alto Networks also posted about it on LinkedIn , without mentioning the dollar amount and duration. These headlines could be helping support shares of Palo Alto in Thursday's down market. Palo Alto did not respond to CNBC's request for comment on the licensing agreement. 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, nonfarm, Morgan Stanley, Palo, Nikesh Arora, —, Missouri —, we're, Jeff Marks, Abbott, we'll, payrolls, Jim Cramer's, Jim Organizations: CNBC, ., Nasdaq, Dow Jones Industrial, Microsoft, Meta, Boeing, Reserve, Palo Alto Networks, Department of Defense, Palo, Abbott Labs, NEC, Judicial, Apple, Coterra Energy, Intel, . Steel, Juniper Networks, Chevron, Exxon Mobil, LyondellBasell, Jim Cramer's Charitable Locations: U.S, Palo Alto, Thursday's, Missouri

☆ Amazon CEO pledges AI investments will pay off as capital expenditures surge 81%
▼ + stars: | 2024-10-31 | by ( Annie Palmer | In Annierpalmer | ) www.cnbc.com time to read: +3 min

"I think we've proven over time that we can drive enough operating income and free cash flow to make this a very successful return on invested capital business," Jassy said. "We expect the same thing will happen here with generative AI." The jump in spending is primarily being driven by generative AI investments, Jassy said. A day earlier, Alphabet CFO Anat Ashkenazi warned the company expects capital spending to grow in 2025. Amazon has said its cloud unit has picked up more business from companies that need infrastructure to deploy generative AI models.

Persons: Andy Jassy, Jassy, OpenAI, we're, Mark Zuckerberg, Anat Ashkenazi, It's, it's Organizations: Amazon Web Services, Meta, Microsoft, Amazon Locations: OpenAI

☆ 41-year-old's living room side hustle brings in $121,400 a year: It's 'the right balance between hustle and happiness'
▼ + stars: | 2024-10-31 | by ( Megan Sauer | ) www.cnbc.com time to read: +3 min

And it inspired the part-time endoscopy nurse's lucrative side hustle, which she launched from her living room in Manahawkin, New Jersey. Walsh, a lifelong crafter, opened her Etsy shop MegansMenagerie in 2009. If her Etsy income falters, she can pick up more nursing hours, she adds. Here, Walsh discusses juggling her side hustle with her nursing job, avoiding burnout and why she's happy with a side hustle isn't guaranteed to make money forever. It's not easy, and you need to find the right balance between hustle and happiness.

Persons: they've, Megan Walsh, Walsh, it's, she's, I've, tasker Organizations: CNBC, Dodge Locations: Manahawkin , New Jersey

☆ Worst drought in decades develops after one of driest months in US history
▼ + stars: | 2024-10-31 | by ( Mary Gilbert | ) edition.cnn.com time to read: +6 min

CNN —One of the driest months in United States history is coming to a close after causing the worst drought in more than 20 years in parts of the East as temperatures soar well above average there. As of October 25, the average precipitation across the Lower 48 was less than an inch. Only five months in the 129 years of records have ended with less than an inch of average precipitation over the Lower 48. Flash drought happens when drought conditions increase quickly, rather than over a multi-month or yearly timeframe, according to NOAA. It’s the state’s worst drought level since 2002.

Persons: haven’t, hadn’t, hasn’t, Hurricane Helene, Milton Organizations: CNN, National Oceanic, Atmospheric Administration, New, York, East, NOAA, Associated Press, New Jersey Forest Fire, National Interagency Fire Center Locations: United States, New York City, Philadelphia, Atlanta, Central, Hurricane, Florida, Hurricane Milton, Tampa, Midwest, New Jersey, Delaware, Pennsylvania, Mississippi, Ohio, Essex County , New Jersey, Michigan , New Jersey, Massachusetts, West Coast

☆ Why rich Trump backers aren’t scared of his inflationary economic agenda
▼ + stars: | 2024-10-31 | by ( Allison Morrow | ) edition.cnn.com time to read: +4 min

New York CNN —The last three years have upended everything about the way we expect the economy to work. But the pandemic-era inflationary period played out unlike any other in history, and wealthy people made out like bandits. And that may be because the only real inflation we’ve seen in decades was a multi-year profit bonanza for them. And that has provided a permission structure for some wealthy Trump supporters to shrug their shoulders at his inflationary economic agenda. But it won’t be the same flavor of profit-driven inflation we’ve seen over the past three years.

Persons: CNN Business ’, That’s, Donald Trump’s, “ It’s, ”, Kent Smetters, “, we’ve, ” It’s, He’s, Harris, Josh Bivens, Bivens, ” Bivens Organizations: CNN Business, New York CNN, Wall, University of Pennsylvania’s Wharton School, Trump, Wall Street Journal Locations: New York, Ukraine

☆ U.S. election won't be an 'uneventful event' for global markets, UBS chief says
▼ + stars: | 2024-10-30 | by ( Ruxandra Iordache | ) www.cnbc.com time to read: +2 min

The outcome of upcoming elections in the world's leading economy is set to ripple into global markets no matter who clinches leadership of the White House, UBS head Sergio Ermotti told CNBC on Wednesday. "We do expect, no matter who wins and the outcome, we do expect some market movements. Markets are bracing as voters flock to the polls on Nov. 5, with the U.S. holding both the world's foremost reserve currency and the largest stock exchange by market capitalization. Under a [Donald] Trump presidency, we see that as being inflationary on the back of his focus on immigration and on tariffs. But we don't see any outcome as being particularly growth positive.

Persons: Sergio Ermotti, CNBC's Annette Weisbach, Ermotti, Donald, Trump, Arun Sai, CNBC's Organizations: White House, UBS, CNBC, Swiss, U.S, U.S . Federal, . Treasury, Pictet Asset Management, Trump Locations: U.S

☆ Bringing manufacturing back to the US is a $10 trillion opportunity for the economy, Morgan Stanley says
▼ + stars: | 2024-10-30 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +4 min

Morgan Stanley estimated that bringing manufacturing back to the US could add $10 trillion to the economy. The bank pointed to a 20-year stagnation of the industrial economy as production was sent offshore. AdvertisementThe US economy could unlock trillions in value over the next decade if more manufacturing activity comes back to the US, according to Morgan Stanley. The Biden administration, meanwhile, has poured billions into its push to increase chip production in the US and boost the manufacturing and industrial sectors. The cumulative effects could be "pretty profound" across the US economy, Snyder said, with the boost to industry and manufacturing bound to raise GDP.

Persons: Morgan Stanley, —, Chris Snyder, Snyder, Morgan Stanley's, Trump, Biden Organizations: Service, Biden, of Supply Management, Commerce Department, Economic

☆ King Charles and Queen Camilla take private trip to India
▼ + stars: | 2024-10-30 | by ( Max Foster | Lauren Said-Moorhouse | ) edition.cnn.com time to read: +3 min

CNN —Britain’s King Charles III and Queen Camilla made a surprise pitstop in India as they returned from their royal tour to Australia and Samoa. “Their Majesties had a short private stopover in India to help break the long journey back from Samoa,” a Buckingham Palace spokesperson said on Wednesday. Then-Prince Charles and Camilla during a visit to India on November 9, 2017 in New Delhi. The King is expected to return to regular overseas trips in 2025, according to Britain’s PA Media news agency. Charles will carry out trips in the spring and autumn, on the regular foreign royal tour schedule, so long as doctors sign off on the journeys.

Persons: CNN — Britain’s King Charles III, Queen Camilla, “, ”, King, Prince Charles, Camilla, Arthur Edwards, Charles ’, Samoa, Charles, “ We’re Organizations: CNN, Holistic Health, Britain’s, Media, CNN’s Royal Locations: India, Australia, Samoa, Bengaluru, Buckingham, Apia, London, New Delhi, Commonwealth, Britain, ”

☆ European markets set to open lower ahead of European growth data, more earnings
▼ + stars: | 2024-10-30 | by ( Holly Ellyatt | ) www.cnbc.com time to read: +1 min

Some investors believe that under a Trump presidency, higher interest rates and inflation could lead to a more expensive dollar. But Erik Knutzen, co-chief investment officer of Neuberger Berman's Multi-Asset Strategies, says that the dollar could actually decline under a Trump administration. "Trump and his cohort actually would like to see a weaker dollar to support the American economy. Yes, the dollar may have some short-term impetus, but frankly you could probably fade that trade if Trump is not elected." Knutzen added that the dollar will probably weaken in the near term in the scenario that Trump loses the November election.

Persons: Erik Knutzen, Neuberger Berman's, Trump, — Lisa Kailai Han Organizations: Trump Locations: American

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