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☆ Cramer breaks down Datadog's rally, says tech will continue to see gains
▼ + stars: | 2023-11-07 | by ( Julie Coleman | ) www.cnbc.com time to read: +2 min

CNBC's Jim Cramer examined enterprise software company Datadog 's Tuesday rally, saying the tech stocks' gains aren't over, and the company's success signals good news for peer stocks. "You had to believe in bowling, meaning the pin action that could come from hitting the front pin of the tech phalanx." Cramer said the stock's success also buoyed known partners like Meta , Shopify and ServiceNow , as well as tangential tech stocks. Cramer said this change in Datadog clients' habits could mean fewer problems for other tech and enterprise software companies. According to Cramer, today's tech rally indicates that last week's market gains won't be short-lived.

Persons: CNBC's Jim Cramer, Datadog, Cramer, Wall, I've Organizations: Meta

☆ Israel says it dropped 6,000 bombs on Gaza in one week. That's almost as many as what the US dropped in Afghanistan in one year.
▼ + stars: | 2023-11-06 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +2 min

Israel said it dropped about 6,000 bombs on the Gaza Strip within the first six days of war. That staggering number is close to the 7,423 bombs US dropped on Afghanistan in 2019. Israel has launched multiple airstrikes on the densely populated Gaza Strip since October 7. AdvertisementAdvertisementIsrael's dogged attempts to defeat the Palestinian militant group Hamas have seen the country use a staggering amount of bombs on the Gaza Strip. According to the US Air Forces Central Command, the US dropped 7,423 bombs on Afghanistan in 2019.

Persons: Israel, —, Yoav Gallant, there'll, Gallant Organizations: Service, Palestinian, Hamas, Israeli Air Force, Washington Post, US Air Forces Central Command, Israel Defense Forces, Israel's Locations: Gaza, Afghanistan, Israel

☆ Israel Open to 'Little Pauses' in Gaza Fighting, Netanyahu Says
▼ + stars: | 2023-11-06 | by ( Nov. | At P.M. | ) www.usnews.com time to read: +1 min

WASHINGTON (Reuters) - Israeli Prime Minister Benjamin Netanyahu said on Monday that Israel would consider "tactical little pauses" in Gaza fighting to facilitate the entry of humanitarian aid or allow the exit of hostages held by Hamas militants. Netanyahu made the comments in a U.S. television interview during which he was asked who should govern Gaza after fighting is over. Israel says Hamas should release the hostages first; Hamas says it will not free them or stop fighting while Gaza is under assault. Asked if he was open to a humanitarian pause in Gaza, Netanyahu said: "Well, there'll be no ceasefire, no general ceasefire in Gaza without the release of our hostages." I suppose we'll check the circumstances, in order to enable goods, humanitarian goods, to come in, or our hostages, individual hostages, to leave."

Persons: Benjamin Netanyahu, Israel, Netanyahu, we've, Rami Ayyub, Rosalba O'Brien Organizations: WASHINGTON, Hamas, ABC News Locations: Gaza, U.S, Israel

☆ The AI boom is the newest threat to women's presence in the workforce
▼ + stars: | 2023-11-02 | by ( Jacob Zinkula | ) www.businessinsider.com time to read: +4 min

A new study found that 7.8% of jobs held by women, and 2.9% held by men, could be automated. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . From an economic perspective, more women working means more entrepreneurship , fewer labor shortages , and more disposable income to spread around businesses. Retraining workers could help mitigate the impacts of AI job replacementTo be sure, the AI future has yet to be written. AdvertisementAdvertisementHowever, even if AI does pose an additional threat in the years ahead, it won't change things overnight, giving some women time to prepare.

Persons: —, Michael Chui, Julia Pollak, ZipRecruiter, Aaron Terrazas Organizations: Service, International Labour Organization, Pew, McKinsey Global Institute Locations: United States

☆ Guatemala's First 3D-Printed Tiny Home Is Earthquake Resistant: Photos
▼ + stars: | 2023-11-02 | by ( Brittany Chang | ) www.businessinsider.com time to read: +4 min

Using a COBOD printer, 3DCP Group and Progreso have built what they say is Guatemala's first 3D-printed tiny home. Over the last few years, more US startups and real estate companies have been turning to 3D printing construction methods. Progreso, 3DCP Group, COBODNow, the global 3D printing community is welcoming one of its newest builds: an earthquake-resistant tiny home in Guatemala. Progreso, 3DCP Group, COBODProponents of 3D printing construction say the tech can build homes faster and cheaper with less waste and labor. AdvertisementAdvertisement"I hope that in decades from now, there'll be 3D printers on most construction sites around the globe," Lund-Nielsen said.

Persons: —, 14Trees, it's, Philip Lund, COBOD's, wasn't, Nielsen, Lund Organizations: 3DCP, Service, Central American, Kenyan, Nielsen, LinkedIn, 3DCP Group, Lund Locations: Progreso, Austin , Texas, Madagascar, Kenya, Guatemala, Denmark

☆ The US economy is surging – but problems elsewhere could still torpedo profits for big companies like Apple and Tesla
▼ + stars: | 2023-11-01 | by ( Huileng Tan | George Glover | ) www.businessinsider.com time to read: +6 min

The US economy is surging, with growth coming in at a hotter-than-expected 4.9% for the third quarter. But problems elsewhere could still be bad news for big US companies, including Apple and Tesla. China's slowing economy and the war between Israel and Hamas are both potential headwinds, according to analysts. AdvertisementAdvertisementThe China challengeThat's bad news for mega-cap US firms such as Apple and Tesla, which count the Asian nation as a major market. On balance, risks to global growth continue to be skewed to the downside," the International Monetary Fund said in its Global Financial Stability report published last month.

Persons: —, Ukraine — that's, headwinds, Goldman Sachs, GfK, Michael Field, it's, Tom Donilon, Susan Li, Li Organizations: Apple, Service, Nvidia, Intel, Nike, China —, Morningstar Research, stoke, of America, DuPont, Procter, Gamble, International Monetary Fund Locations: Israel, China, Ukraine, Beijing, BlackRock, Iran

☆ Fmr. White House CTO on Google antitrust case: There'll be opportunity for a new search alternative
▼ + stars: | 2023-10-30 | 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 EmailFmr. White House CTO on Google antitrust case: There'll be opportunity for a new search alternativeAneesh Chopra, CareJourney president and former White House Chief Technology Officer, joins 'Squawk Box' to discuss the U.S. government's antitrust case against Google, the upcoming testimony from Alphabet CEO Sundar Pichai, and more.

Persons: Chopra, Sundar Pichai Organizations: White, Google, White House Chief Technology

☆ World Cup title defence in shreds but England relishing India clash
▼ + stars: | 2023-10-28 | by ( Saurabh Sharma | ) www.reuters.com time to read: +2 min

LUCKNOW, India, Oct 28 (Reuters) - England's World Cup title defence may be in tatters after four defeats in five matches but assistant coach Marcus Trescothick said on Saturday their sagging fortunes won't stop them from relishing their blockbuster clash with hosts India. England won the title on home soil in 2019 and came into the showpiece as favourites after also capturing the Twenty20 World Cup last year, but defeats by New Zealand, Afghanistan, South Africa and Sri Lanka have left them on the brink of elimination. "Playing against India in a World Cup in their own country is a special part of the game. You get these opportunities that come around - you know there'll be a big crowd, there'll be a wonderful occasion," Trescothick told reporters. Trescothick said England had not lost faith in the 50-overs format having lifted the title at the last World Cup.

Persons: Marcus Trescothick, Trescothick, there'll, Saurabh Sharma, Shrivathsa Sridhar, Hugh Lawson Organizations: England, New, India, Thomson Locations: LUCKNOW, India, tatters, New Zealand, Afghanistan, South Africa, Sri Lanka, England, Lucknow, Jos, Bengaluru

☆ It's no joke: how Russian comedians try to stay relevant in wartime
▼ + stars: | 2023-10-26 | by ( ) www.reuters.com time to read: +2 min

Fellow comedian Boris Zeliger says a politically risky joke "usually doesn’t even get a laugh, but causes a reaction like 'Wow, you daredevil!'". "The comedians who write jokes on the topic of the day from a political point of view - they usually emigrate." According to one of them, Ilya Ovechkin, any reference to Putin in a joke boosts laughs by 70%. You can get punched in the face without telling a single political joke." And that Putin joke?

Persons: Vladimir Putin's, Ivan Garkushko, Boris Zeliger, Comigration, Ilya Ovechkin, Putin, Ovechkin, you'll, who's, Ariana Lolaeva, Mark Trevelyan, Kevin Liffey Organizations: Reuters, Thomson Locations: Russia, Ukraine, Georgia

☆ Capitals continue search for offense against Devils
▼ + stars: | 2023-10-25 | by ( Field Level Media | ) www.reuters.com time to read: +3 min

The Devils went 2-for-4 on the power play and are 11-for-25 with the man advantage. 300 on the power play -- and finished with 14 shots on goal. You could tell that early, especially that first power play, that it was coming to the cage today. The Capitals are 1-for-16 on the power play, with Ovechkin's goal ending an 0-for-15 skid. Hunter Shepard will make his NHL debut against the Devils while backup Charlie Lindgren remains on the injured list.

Persons: Tyler Toffoli, Jack Hughes, Vitek Vanecek, Hughes, Toffoli, we've, Lindy Ruff, you've, They're, Joseph Woll, Alex Ovechkin, Ovechkin, It's, Spencer Carbery, Darcy Kuemper, Hunter Shepard, Charlie Lindgren, Shepard Organizations: New Jersey Devils, Washington Capitals, Devils, Montreal Canadiens, Capitals, Toronto Maple Leafs, New York Islanders, Montreal, NHL, Toronto, Washington, Hershey, AHL, Calder, Bears, Thomson Locations: Newark , N.J, New Jersey, Toronto, Minnesota

☆ From Bill Gates to the pope, talk of carbon capture and its efficacy is dividing society
▼ + stars: | 2023-10-25 | by ( Anmar Frangoul | ) www.cnbc.com time to read: +5 min

In this article BP.-GBMSFTBKR Follow your favorite stocks CREATE FREE ACCOUNTThis image from 2016 shows a carbon capture project in Texas. Other processes in the sector include direct air capture, with firms like Climeworks operating in the space. Climeworks, which specializes in direct air capture and storage, has offices in Switzerland and Germany. Its clients include businesses such as Stripe and Microsoft , and the Microsoft Climate Innovation Fund has invested in the company. While carbon capture has its advocates, the technology is divisive and has been questioned by a range of organizations.

Persons: Baker Hughes, Lorenzo Simonelli, Simonelli, Bill Gates, Gates, Bob Dudley, there'll, We've, Dudley, — that's Organizations: Houston Chronicle, hearst Newspapers, Getty, Hearst Newspapers, CNBC, ADIPEC, U.S . Department of Energy, Microsoft, Innovation Fund, BBC, Breakthrough Energy, International Energy Agency, Greenpeace Locations: Texas, Abu Dhabi, United States, Europe, Switzerland, Germany, Kenya, Paris

☆ Jim Cramer tells investors to hold out on buying until after interest rates rise
▼ + stars: | 2023-10-24 | by ( Julie Coleman | ) www.cnbc.com time to read: +1 min

CNBC's Jim Cramer on Tuesday told investors they may be wise to hold out on buying until interest rates rise and resulting sell-offs make stocks cheaper. "For now, your best bet is to wait for the next move up in interest rates, which will trigger the next sell-off in stocks — that's when you buy," Cramer said. Cramer suggested there is a "schism" between what certain companies are truly worth versus where their stocks are currently trading. With the exception of GE, Cramer said these companies seemed to be performing poorly but saw rallies after their reports. Cramer said it's not worth the risk of "betting on a beat and raise quarter" that may rely on the performance of S&P 500 futures.

Persons: CNBC's Jim Cramer, Cramer, it's, You've Organizations: Electric, Verizon, GE

☆ S&P 500 futures are little changed after Microsoft and Alphabet report: Live updates
▼ + stars: | 2023-10-24 | by ( Hakyung Kim | ) www.cnbc.com time to read: +1 min

S&P 500 futures were little changed Tuesday night as investors digested quarterly results from tech giants Microsoft and Alphabet. Futures tied to the S&P 500 lost 0.06%. The S&P 500 and Nasdaq Composite gained 0.7% and 0.9%, respectively. Traders will be keeping an eye on several more key quarterly reports during one of the busiest weeks of earnings season. Boeing will be posting its quarterly results Wednesday before the bell, followed by IBM and Meta in the afternoon.

Persons: Dow, We're, Adam Parker Organizations: Microsoft, Nasdaq, Dow Jones Industrial, Research, Boeing, IBM, Meta

☆ Microsoft CEO Satya Nadella talks AI, closing the Activision Blizzard deal, and his best business decision so far
▼ + stars: | 2023-10-22 | by ( Mathias Döpfner | ) www.businessinsider.com time to read: +47 min

Just like the cloud transformed every software category, we think AI is one such transformational shift. Therefore, this notion of Copilots that we're introducing is really going to be revolutionary in terms of driving productivity and communication. Milton Friedman once famously said: "the business of business is business." One is, is the business of business just business? So, I think AI can actually be very helpful in many ways to be a little more empathetic and more understanding of the world.

Persons: Satya Nadella, Axel Springer's, OpenAI, Nadella, Axel Springer, —, Mathias Döpfner, Pankaj Nangia, Steve Ballmer, Steve, I've, It's, I'd, Herbert Simon, Karl Marx, Lakshmi, Hayek, Marx, Justin Sullivan, Carol Dweck, they're, Vuk Valcic, That's, it's, you've, Jae, Copilot, Jeff Bezos, I'm, We've, Milton Friedman, Elon Musk, we've, Lina Khan, Sam Altman, Sam, Tomohiro Ohsumi, Bard, Bing, Mathias, wouldn't, Picasso, Jakub Porzycki, Mustafa Suleyman, We'll Organizations: Service, Microsoft, Olympic, Australia, Getty, Activision Blizzard, Gaming, AP, Windows, Linux, Children's Hospital, University of Wisconsin, Associated Press, Google Locations: Berlin, India, Hyderabad, Seattle, United States, Milwaukee, American, China, derisking, DC, Beijing, Europe, GitHub, British

☆ Wall Street and money moved into South Florida, driving up prices. Now some residents want to move out.
▼ + stars: | 2023-10-22 | by ( Kelsey Neubauer | ) www.businessinsider.com time to read: +10 min

They're looking to nearby smaller cities in South Carolina, North Carolina, Georgia, and Tennessee. They're picking places like Knoxville, Tennessee; Greenville, South Carolina; Huntsville, Alabama; and Asheville, North Carolina; which she collectively refers to as "the Villes." AdvertisementAdvertisementWhy CEOs moved their lives — and their businesses — to FloridaWall Street moved to South Florida in droves in 2020 and 2021. Billionaire hedge-fund CEOs — like Citadel's Ken Griffin — paid record-shattering amounts for South Florida homes , added offices, and moved their businesses there entirely from New York, Chicago, and Silicon Valley. They bought a 2,400-square-foot, four-bedroom home on an acre of land for the same price in Greenville, South Carolina.

Persons: —, There's, Nicole Panesso, Holly Meyer Lucas, Meyer Lucas, Ken Griffin —, Brian Guzman, Guzman, Jonathan Miller, Ken Griffin, PATRICK T, FALLON, It's, Larry Ellison, Miller, Michael Bordenaro, Greg May, Marcia Straub, Keller Williams, Jill Cody, she's, Ryan Wilson, Jami, Alexander Spatari, Jami Wilson Organizations: Service, Sunshine State, Census Bureau, Orlando, Coral, Fort Myers, Florida Wall, Billionaire, Guzman Advisory Partners, Getty, West Palm Beach, Florida Atlantic University, Silicon, Oracle, South, South Florida metros, Fortune, Miami, Homes, Army Locations: Florida, Greenville, Knoxville, South Florida, Chattanooga , Tennessee, South Carolina, North Carolina , Georgia, Tennessee, Knoxville , Tennessee, Greenville , South Carolina, Huntsville , Alabama, Asheville , North Carolina, Realtor.com, Asheville, Miami, Gulf Coast, New York, Chicago, Silicon, West Palm, Fort Lauderdale, Palm Beach, Texas, North Carolina, Greensboro, Fort

☆ Scholastic says state book bans are causing an 'impossible dilemma' for its iconic book fairs
▼ + stars: | 2023-10-18 | by ( Natalie Musumeci | ) www.businessinsider.com time to read: +6 min

Scholastic's iconic school book fairs are facing an "almost impossible dilemma." There'll now be a separate section for books dealing with race and gender at elementary school fairs that schools can opt out of. AdvertisementAdvertisementChildren's book publisher Scholastic says that state efforts to ban literary works that discuss gender or race are causing an "almost impossible dilemma" for the iconic book fairs that it has hosted at elementary schools across the United States for decades. AdvertisementAdvertisementSchools in all 50 states have already opted to include the "Share Every Story, Celebrate Every Voice" collection in their book fairs, according to Sparkman. Meanwhile, PEN America — a nonprofit that advocates for free expression — urged Scholastic to explore other options instead of partitioning book titles.

Persons: There'll, —, it'll, Ketanji Brown Jackson, John Lewis, Anne Sparkman, Sparkman, Cailey Myers, Myers, PEN America —, We're Organizations: Service, Scholastic, Republican, Supreme, Fairs, Florida's Department of Education, Florida Department of Education, PEN America, PEN Locations: United States, Georgia, Florida

☆ I'm a 23-year-old gay man training to be a priest. Though I'm living on only $740 a month, I don't regret it one bit.
▼ + stars: | 2023-10-17 | by ( Kai Xiang Teo | ) www.businessinsider.com time to read: +6 min

He says he had considered the idea ludicrous as someone who's gay and used to be an atheist. And it was also a big shift for someone who was living abroad in the Hague, who's openly gay, and who was heavily invested in a different career. I thought it was completely ludicrous, as someone who used to be quite atheist as a teen, who's gay, and who'd been preparing for an entirely different career. By January, I'd started working there as a pastoral assistant. Though it hasn't been the easiest time — I get a stipend of 600 pounds a month, or about $740 — I don't regret it one bit.

Persons: Peter Banks, —, I've, It's, who's, Banks, who'd, Little, I'd, hasn't, We're, you've Organizations: Service, UK's Liberal Democratic Party, Liberal Democratic Party, Hague, University of Cambridge's Trinity College, Episcopal Church, Episcopal, of Locations: Cambridge, England, Hague, Netherlands, Winchester, Mary's, United States, Scotland, of Wales

☆ Jamie Foxx plays attorney Willie Gary in new movie "The Burial." Ex-clients say the real lawyer is a creep who screwed them out of millions.
▼ + stars: | 2023-10-14 | by ( Jack Newsham | ) www.businessinsider.com time to read: +16 min

"The Burial" stars Jamie Foxx as real-life lawyer Willie Gary, who won a $500 million case in 1995. Elliott isn't the only ex-client of Willie Gary and his firm, Gary Williams Parenti Watson & Gary, to be angry about how she was treated. Lawyer Willie Gary poses for a selfie with a guest at a screening of "The Burial." Attorney Willie Gary and his client Don King speaking to the press in 2005. She has so far managed to seize $102,000 from an account the Gary firm had with Truist.

Persons: Jamie Foxx, Willie Gary, Gary —, —, Gary, Ernestine Elliott, Ford —, Elliott, Elliott isn't, Gary Williams Parenti Watson, Tommy Lee Jones, Luisa Esposito, Grant Halverson, Willie Gary's, Willie, couldn't, Jeremiah O'Keefe, O'Keefe, Loewen couldn't, Loewen, Gary Parenti, Don King, Jim McIsaac, Ford, schemed, he'd, Gary's cocounsels, Lawrence Fox, Fox, Bruce Green, Green, Gary didn't, Sharron Mangum, Mr, Mangum, Marietta Goodman, Coke, Jillian Nedd, Nedd, Ardria Clark, Tamesha Marshall, Pharr, Clark, Marshall, Ray Rogers, He's, leafleted, Rogers, Willie Lewis, Troy Fulks Jr, Fulks, Lewis, Esposito, she'd, didn't, Justice II, hasn't, Gary's, Debra Sweeting, it's, Sweeting, we're, Variety Organizations: Service, Disney, Nissan, Hollywood, reneging, Gary Parenti Facebook, Anheuser, Busch, Yorker, Group, New Yorker, Fordham, Cola, Coke, FBI, Gary, Florida Bar Association, Palm Beach Post, Florida Power, dimes, Finance Group, Wings, Justice, Boeing, Gary Foundation Locations: Georgia, Florida, Mississippi, New York City, New York, Palm Beach, Flint , Michigan, disbursements

A Citi sign is seen at the Citigroup stall on the floor of the New York Stock Exchange, October 16, 2012. REUTERS/Brendan McDermid/File Photo Acquire Licensing RightsWASHINGTON, Oct 13 (Reuters) - Big bank executives warned a number of products and services could become uneconomical if new proposed bank capital hikes are adopted as written, but said they were hopeful they could win some changes. Citi Chief Financial Officer Mark Mason said the proposal would lead to a 16% to 20% increase in the bank's capital. The bank is reviewing products and operations, he said, highlighting equity investments, which will also be deemed much riskier under the rules. Citi is also reviewing credit products and where they may need to reprice those, and whether they need to restructure any of their markets positions.

Persons: Brendan McDermid, Jeremy Barnum, Barnum, Michael Barr, Banks, Mark Mason, Mason, Wells, Michael Santomassimo, Santomassimo, Tatiana Bautzer Organizations: Citi, Citigroup, New York Stock Exchange, REUTERS, Rights, Big, JPMorgan, . Federal, Basel III, Thomson Locations: Wells Fargo, Basel

☆ Republican Scalise struggles for votes after winning US House speaker nomination
▼ + stars: | 2023-10-12 | by ( David Morgan | ) www.reuters.com time to read: +4 min

"When we go to the floor, there'll be at least a relatively high expectation on the part of Steve Scalise and his team that he's got the votes," said Representative John Duarte, a Scalise supporter. Republican leaders initially scheduled a House meeting for Wednesday afternoon, should Scalise, now the No. 2 House Republican, quickly come up with the votes for election. Asked how long it could take to fill the speaker vacancy, Representative Richard Hudson, who chairs the House Republican campaign arm, told reporters: "No idea.". Before his nomination, Scalise and his allies worked to defeat a closed-door effort to require a candidate to win 217 Republican votes to become the nominee.

Persons: Steve Scalise, Jim Jordan, he's, John Duarte, Jordan, Kevin McCarthy, McCarthy, Dusty Johnson, Richard Hudson, Scalise, Marjorie Taylor Greene, Donald Trump, David Morgan, Moira Warburton, Makini Brice, Scott Malone, Grant McCool Organizations: Republican, U.S . House, Louisiana Republican, Democratic, Wednesday, Palestinian, Thomson Locations: Longworth, Washington , U.S, WASHINGTON, Louisiana

☆ Cramer urges investors to stick with Ford, even as latest strike risks denting profits
▼ + stars: | 2023-10-12 | by ( Paulina Likos | ) www.cnbc.com time to read: +4 min

Around 8,700 Ford workers Wednesday evening walked off the job at the automaker's Kentucky truck plant — its largest and most profitable globally — after the UAW said Ford refused further concessions in contract bargaining. "It's time for a fair contract at Ford and the rest of the Big Three," he added. Ford was apparently caught off guard by the strike at its Kentucky plant, which generates $25 billion in annual revenue, roughly a sixth of the company's global automotive revenue. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Factory workers and UAW union members form a picket line outside the Ford Motor Co. Kentucky Truck Plant in the early morning hours on October 12, 2023 in Louisville, Kentucky.

Persons: Ford, Jim Cramer, Fain, Jim, BofA, Wells, Jim Cramer's, Luke Sharrett Organizations: United Auto Workers, Ford, Big Three Detroit, UAW, Chrysler, General Motors, Big Three, Duty, Ford Expedition, Lincoln, Bank of America, Detroit, CNBC, Factory, Ford Motor Co, Plant, Getty Locations: Kentucky, Wells Fargo, Louisville , Kentucky

☆ Bank earnings kick off with JPMorgan, Wells Fargo amid concerns about rising rates, bad loans
▼ + stars: | 2023-10-12 | by ( Hugh Son | ) www.cnbc.com time to read: +3 min

Just as they did during the March regional banking crisis, higher rates are expected to lead to a jump in losses on banks' bond portfolios and contribute to funding pressures as institutions are forced to pay higher rates for deposits. The issue constrains the bank's interest revenue and has made the lender the worst stock performer this year among the top six U.S. institutions. Expectations on the impact of higher rates on banks' balance sheets varied. Still, others including KBW and UBS analysts said that other factors could soften the capital hit from higher rates for most of the industry. There's also concern that higher interest rates will result in ballooning losses in commercial real estate and industrial loans.

Persons: Jamie Dimon, Marco Bello, Christopher McGratty, David Konrad, McGratty, Morgan Stanley, Betsy Graseck, Konrad, Gerard Cassidy Organizations: JPMorgan Chase &, Reuters, JPMorgan Chase, Citigroup, Bank, Silicon Valley Bank, First, Bank of America, Comerica, Fifth Third Bank, KeyBank, UBS, RBC Locations: Miami , Florida, U.S, Wells Fargo, Silicon, First Republic

☆ How is the rise of GLP-1 weight loss drugs affecting market action? Jim Cramer explains
▼ + stars: | 2023-10-11 | by ( Julie Coleman | ) www.cnbc.com time to read: +1 min

CNBC's Jim Cramer on Wednesday explained how GLP-1 drugs are influencing market action. GLP-1 drugs were initially approved to treat diabetes, but many found off-label use to help with weight loss. Popular GLP-1 drugs include Eli Lilly 's Mounjaro and Novo Nordisk 's Wegovy, the latter of which has been approved by the Food and Drug Administration for weight loss management. Even though it seems early to asses the impact of these drugs, they are already affecting stocks, Cramer said. Intuitive Surgical also saw shares slide when executives noted slowed growth in bariatric surgeries last quarter, potentially due to increased use of GLP-1 drugs.

Persons: CNBC's Jim Cramer, there'll, Eli Lilly, Cramer, Abbott Labs —, Lilly's Mounjaro Organizations: Novo Nordisk, Food and Drug Administration, Abbott Labs

☆ Families of Israelis kidnapped by Hamas are pleading for their release and say they have no idea how their relatives are doing
▼ + stars: | 2023-10-10 | by ( Reed Alexander | ) www.businessinsider.com time to read: +10 min

Insider spoke to family members of those believed to be kidnapped to understand what happens now. He added that the American Jewish Committee's offices in Jerusalem and the US were actively "responding when we receive calls from family members" about missing loved ones. "We started getting WhatsApp messages from family members that Hamas was in the kibbutz," Onn said. But, as for those who were taken, Onn said the family has to hold on to hope during an excruciating time. A plea from loved onesInformation about missing loved ones has been hard to come by, people in Israel told Insider on Sunday and Monday.

Persons: —, Jonathan Conricus, Nir Oz, Abbey, Onn, That's, it's, Ted Deutch, Benjamin Netanyahu's, Kenneth Quinn, who's, Quinn, Nahar, Adrienne Neta, Biden, Neta, Rubi Chen, Itay, Chen, Lester Holt, John Kirby, Kirby, Shelly Shem Tov, Omer, Jake Tapper, Shem Tov, Tapper, she'd, Reed Alexander Organizations: Service, Hamas, Israel Defense Forces, US State Department, Israel Defence Forces, American Jewish Committee, Democratic, Jewish, Israel, Reuters, State Department, NBC News, National Security Council, White, United, CNN Locations: Gaza, Israel, American, Herzliya, Tel Aviv, Florida, Jerusalem, Hamas, Washington, United States, Israeli

☆ Wall Street sees the market's bumpy ride continuing in the 4th quarter. Here are the risks in store
▼ + stars: | 2023-10-05 | by ( Sarah Min | ) www.cnbc.com time to read: +7 min

Many investors expect that could be the capitulation event equities need to bottom out before rebounding. "If you get down to five and a quarter all hell's gonna break loose," Rob Ginsberg, managing director at Wolfe Research. The yield on the 10-year Treasury has spiked sharply to about 4.8% this week, about 1 whole percentage point above where it was in mid-July at around 3.7%. In fact, it won't take much for the positive narrative to start to take hold in markets, Hogan said. Hogan anticipates the S & P 500 could rise to 4,800 by year end, about 13% above where it is currently.

Persons: Rob Ginsberg, Fitch, Ray Dalio, Jamie Dimon, Wolfe Research's Ginsberg, Ginsberg doesn't, You'll, Ginsberg, Riley Financial's Art Hogan, they'll, Read, Hogan, Kevin McCarthy, Goldman Sachs, Jan Hatzius, Katie Stockton, Bank of America's Stephen Suttmeier, Jeffrey Hirsch, I'm, Hirsch Organizations: Dow Jones, Treasury, Wolfe Research, Federal Reserve, JPMorgan, CNBC Pro's, Supply, Bank of America's Locations: Saudi Arabia

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