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Harris offered to console Democrats over the loss to former President Donald Trump, acknowledging they were "feeling and experiencing a range of emotions right now." Trump never did when he lost to President Joe Biden and Harris in 2020. After Biden dropped out and endorsed Harris, Democrats reveled in the change, flooding donation channels and crushing fundraising records. The Biden campaign was skidding off course, setting off an eruption of party panic. Memorably, Harris offered a stinging rebuttal to Trump’s insistence on the debate stage that he had won the 2020 election.
Persons: Kamala Harris, Harris, Donald Trump, Trump, Joe Biden, Biden, MAGA, , reveled, Roe, Wade, Hillary Clinton’s, , ” Harris, Donald J, Shuran Huang, Nancy Pelosi, Harris ’, Oprah, Bruce Springsteen, John Legend, “ Donald Trump Organizations: mater Howard University, Wednesday, Democratic, Trump, Republicans, Republican Party, Republican, Democrats, Biden, Trump —, NBC News, White, U.S . Capitol, , Service, Democratic National Convention Locations: U.S, California, America, Washington, “ America, United States of America, United States, Butler , Pennsylvania, Chicago, Iowa, Ohio
Being elected president will likely result in the federal criminal cases against him being dismissed, while his state criminal cases could at the least be frozen until after he leaves office. Trump’s legal team, meanwhile, is evaluating its next steps for how to get all four criminal cases resolved, and plan to argue soon that all of the cases “must stop immediately,” according to a source directly involved in the discussions. Here's a look at where the various legal cases against Trump stand — and how they could be affected by his victory. They argue that some of the evidence presented to the grand jury and at the criminal trial should not have been allowed in the wake of the high court's ruling. Trump's victory likely won't impact his pending appeals of the civil judgments against him that total more than $550 million.
Persons: Donald Trump's, can’t, Trump, Steven Cheung, Stormy Daniels, Juan Merchan, he's, It's, Merchan, Fani Willis, Willis, Trump wouldn't, Donald Trump, Susan Necheles, Win McNamee, Jack Smith —, Aileen Cannon, Danny Cevallos, Tanya Chutkan, Smith, Cevallos, shouldn’t, Letitia James, James, We've, we've, Jean Carroll Organizations: Justice Department, Trump, NBC News, Fulton, New, Getty Images, The, Department, NBC, U.S . Capitol, New York, Division Locations: New York, Georgia, Fulton County, Manhattan, U.S
Los Angeles County District Attorney George Gascón, who ascended to office vowing sweeping reforms to the criminal justice system and then faced intense criticism over public safety issues, lost his bid for re-election, The Associated Press projected. In office, Gascón quickly got to work implementing his reformist agenda. San Francisco District Attorney Chesa Boudin was recalled from office in 2022 after his critics assailed him as a soft-on-crime progressive. He then was the assistant attorney general for the U.S. Justice Department’s tax division under former President George W. Bush. Gascón, 70, previously was San Francisco attorney general — a job once held by Vice President Kamala Harris before she won the state attorney general’s office.
Persons: George Gascón, Gascón, Nathan Hochman, Erik, Lyle Menendez, George Floyd, Jeff Gritchen, Chesa Boudin, Hochman, , ” Hochman, people’s, , ” Gascón, George W, Bush, Kamala Harris Organizations: Angeles, Associated Press, Netflix, MediaNews, Getty, California . San, Hochman, Republican, Central, Central District of, U.S . Justice Locations: Angeles County, Minneapolis, Boston, Chicago, Philadelphia, Buena Park, Calif, California, California . San Francisco, Angeles, County, Gascón, U.S, Central District, Central District of California, Francisco, Los Angeles, Mesa , Arizona, San Francisco
Qualcomm pops 10% on chipmaker's earnings and revenue beat
  + stars: | 2024-11-06 | by ( Kif Leswing | ) www.cnbc.com   time to read: +3 min
Qualcomm reported fourth-quarter earnings on Wednesday that beat Wall Street expectations for earnings and revenue, and the company guided to a strong December quarter. The company reported $2.92 billion in net income, or $2.59 per share, a sharp jump from last year's $1.49 billion, or $1.23 per share. Qualcomm reported $33.19 billion in total revenue in its fiscal 2024, a 9% increase from 2023. Qualcomm reported a 12% increase in handset chip sales to $6.1 billion, in line with FactSet estimates. The company's profitable technology licensing business, QTL, reported $1.52 billion in revenue, a 21% increase over the same period last year.
Persons: Akash Palkhiwala, Cristiano Amon Organizations: Qualcomm, Apple, Nvidia, Quest, Microsoft
But Shelby McFaddin, senior analyst at Motley Fool Asset Management, is looking beyond the end result. "Either potential administrations would bring an increase in infrastructure spending and inflation remains a concern." 'Success story' Looking past the election result, McFaddin named three stocks she likes right now, including shipping and parcel delivery giant United Parcel Service . Calling the company "really interesting," the analyst said it has "been a little bit of a success story," with a rebound in earnings and revenue. It's not necessarily the world's fastest grower, but it is a really reliable company with really strong management," she added.
Persons: Shelby McFaddin, CNBC's, Kenny Polcari, McFaddin, It's Organizations: United Parcel Service, UPS, CNBC, Mastercard Locations: U.S, Washington
After playing to the coasts, Hollywood is leaning toward faith and family-based shows and films. The Prime Video series will be the first to come out of Amazon's deal with The Wonder Project, a Christian-focused production company, for faith-based films and TV shows. After playing to the coasts with shows that embraced progressive themes, Hollywood is leaning into broadly appealing fare. That shift has included a combination of undeniably faith-based, conservative-themed, and family-aimed entertainment, agents, producers, and industry experts say. "Conservative, faith-based, family, is not a bad place to look," Thompson said.
Persons: , David, Vernon Sanders, Jennifer Salke, Nick Barnes, UTA's, Kevin Costner, Bob Iger, Tyler Perry, DeVon Franklin, Ruth, Boaz, Mary, Anthony Hopkins, Tim McGraw, Jim Caviezel, Jesus, Dallas Jenkins, Jon Erwin, UTA's Barnes, Jesus of Nazareth, Angel, Robert Thompson, Thompson, Hilary Swank, Jamie McCarthy, That's, Jason Blum, Taylor Sheridan, Barnes Organizations: Netflix, Service, Amazon MGM Studios, Paramount, Heartland, Disney, Angel, Angel Studios, Wonder, Networks, Cable, Syracuse University's Newhouse School of Public Communications, Center for Television, Popular, Conservative, York, Kingdom, Co, Lionsgate, UTA, Ampere Locations: Hollywood, UTA's Nashville, Los Angeles, American, California, America, Yellowstone, Georgia , Texas, Tennessee
CVS Health on Wednesday reported mixed third-quarter results as higher medical costs squeezed its bottom line. The earnings report is CEO David Joyner's first at the helm of the troubled retail drugstore chain. CVS will provide commentary on what it expects "directionally" during its earnings call, the spokesperson said. "Establishing credibility and earning the trust of our investors is one of my top priorities as the new leader of CVS Health," Joyner said in a statement. CVS expects those premium deficiency reserves "to be substantially released" during the fourth quarter, which will benefit results in that period.
Persons: David Joyner's, Joyner, " Joyner, Steve Nelson, Nelson, Prem Shah, Karen Lynch Organizations: CVS Health, CNBC, CVS, Aetna, UnitedHealth, LSEG
While on the campaign trail, Trump threatened retribution against some tech companies, including jailing Meta's chief, Mark Zuckerberg. "That is likely to have devastating consequences for US tech companies that sell in foreign markets as well as crippling domestic consumption." Hay said that while most presidents wouldn't have any say on existing cases, "Trump is a bit more of a wild card." AdvertisementBut still, he said, new guidelines wouldn't have much impact on the biggest tech companies. There are fears that if H1-Bs are restricted under the second Trump administration, the US could lose its competitive edge on the world stage.
Persons: Donald Trump, , Trump, Elon, marveling, — Musk, jailing, Mark Zuckerberg, Zuckerberg, Mark Lemley, Lemley, GlobalData's Neil Saunders, Chris Walton, Walton, there's, George Hay, Hay, wouldn't, Kamala Harris, Dan Romanoff, Joe Biden, Anna Rathbun, Biden, he's, Rathbun, James Brundage, Saunders, Valerie Wirtschafter, Harris, Romanoff, Wirtschafter Organizations: Trump, Big, Service, SpaceX, Big Tech, Google, Justice Department, Department, Barclays, Stanford Program, Law, Science & Technology, Business, Retail, Target, Apple, Cornell University, Republicans, Morningstar, AT, Time Warner, Republican, Walmart, Brookings, Artificial Intelligence, Emerging Technology Initiative Locations: Americas
CNBC's Jim Cramer on Wednesday told investors the Trump administration is more likely to allow mergers and acquisitions to go through, processes largely stymied under Biden. "I am very confident in the idea that, under President Trump, M&A's about to come back and come back bigly," he said. Beyond M&A, Cramer said the President-elect is likely to relax antitrust regulations, whereas Biden appointees have scrutinized Big Tech outfits like Apple . But while Cramer suggested these companies are likely safer from regulatory interference under Trump, he said some of that depends on Trump's own attitude towards them. "So, it's not a surprise to see most of America's big name tech CEOs come out today with enthusiastic, public messages of congratulations for President-elect Trump," he said.
Persons: CNBC's Jim Cramer, Trump, Biden, Cramer Organizations: Wednesday, M, Trump, Time Warner, CNN
Hong Kong CNN —As the election results roll in and America holds its breath, Chinese state media hasn’t missed the chance to accentuate US political polarization – and play up the threat of post-vote turmoil in its democratic superpower rival. “US Election Day voting begins amid fears of violence, unrest,” declared a headline in nationalist tabloid Global Times. “The US election, once considered a highlight of the so-called ‘beacon of democracy,’ may now become the starting gun of ‘social unrest,’” the state-run Beijing Daily claimed in a commentary on social media. Nicolas Economou/NurPhoto/Getty ImagesOn Chinese social media, the US election featured high among the trending topics throughout Tuesday and Wednesday. “(It) doesn’t matter who it is (that wins),” one social media user wrote in a popular comment on Weibo.
Persons: hasn’t, Xi Jinping, , , Nicolas Economou, Li Shuo, Kamala Harris, Donald Trump, Trump’s, Joe Biden, Biden Organizations: Hong Kong CNN, America, Global Times, White House, Capitol, Beijing Daily, , CNN, Huawei, Biden Locations: Hong Kong, Beijing, United States, China, Washington, Washington , DC, Weibo, Taiwan
What a second Trump term means for Intel
  + stars: | 2024-11-06 | by ( Emma Cosgrove | ) www.businessinsider.com   time to read: +5 min
He's also expressed opposition to the CHIPS Act, which Intel is counting on. Related Video How to invest in AI stocksTrump is a vocal supporter of US manufacturing, and Intel could benefit from this. Trump has been a vocal opponent of the Biden administration's CHIPS and Science Act and Intel insiders have noticed. With a Trump win, could the company miss out on a potential $8.5 billion in financial support from this legislation? Related stories"This country can become rich with the use, the proper use of tariffs," Trump told podcaster Joe Rogan recently.
Persons: Donald Trump's, He's, , Trump, It's, Pat Gelsinger, Gelsinger, Biden, podcaster Joe Rogan, Ben Thompson, TSMC, Rogan Organizations: Intel, Service, Trump, Trump Administration, Biden, Act, Bloomberg, Commerce Department, Apple Locations: China, Taiwan
AI regulation is likely to change under Trump, but major antitrust cases are unlikely to be impacted. While on the campaign trail, Trump threatened retribution against some tech companies, including jailing Meta chief Mark Zuckerberg. "That is likely to have devastating consequences for US tech companies that sell in foreign markets as well as crippling domestic consumption." AdvertisementBut still, new guidelines won't have much impact on the biggest tech companies, Hay said. Experts fear that, if H1-Bs are restricted under the second Trump administration, the US could lose its competitive edge on the world stage.
Persons: Donald Trump, , Trump, Elon, marveling, — Musk, jailing, Mark Zuckerberg, Zuckerberg, Mark Lemley, Lemley, Neil Saunders, Chris Walton, Walton, there's, George Hay, Hay, wouldn't, Kamala Harris, Dan Romanoff, Joe Biden, Anna Rathbun, Biden, Rathbun, James Brundage, Ernst, Saunders, Valerie Wirtschafter, Harris, Romanoff, Wirtschafter Organizations: Trump, Big, Service, SpaceX, Big Tech, jailing Meta, Google, Justice Department, Department, Barclays, Stanford Program, Law, Science & Technology, Retail, Target, Apple, Cornell University, Republicans, Morningstar, AT, Time Warner, Republican, Walmart, Brookings, Artificial Intelligence, Emerging Technology Initiative Locations: Americas
Pope Francis seemed to inadvertently bless the New Orleans Saints — which couldn't come at a better time, as the NFL team just excommunicated their head coach. It comes as the New Orleans Saints fired head coach Dennis Allen on Monday after the team lost to the division rival Carolina Panthers on Sunday, making their seven straight defeat. “They just fired their head coach though, Pontif,” one X user wrote. One person quipped, “Yeah, those New Orleans Saints definitely could use some divine intervention.”Alvin Kamara and Chris Olave of the New Orleans Saints celebrate a touchdown during the second quarter at AT&T Stadium on September 15, 2024 in Arlington, Texas. Sam Hodde / Getty ImagesThe Saints had kicked off the season with a pair of victories, but have slumped since, currently at 2-7 on the season.
Persons: Pope Francis, couldn't, , Jesus, Dennis Allen, , Pope, ” Alvin Kamara, Chris Olave, Sam Hodde Organizations: New, New Orleans Saints, NFL, Catholic, News, Carolina Panthers, Panthers, Atlanta Falcons Locations: New Orleans, Arlington , Texas
As Election Day finally arrives, election officials, legal experts and researchers are bracing for a flood of disinformation and legal claims as vote counting begins. The final week of the campaign featured three dynamics that could lead to a protracted legal dispute if the results are close, legal experts said. Election experts say that if a clear winner emerges quickly and voting proceeds without major disruptions, large numbers of Americans may have faith in the results. A misleading advertisement from the Election Integrity Network says “The Glitch Is In” alongside a carousel of news coverage of such procedural Election Day issues. The Election Integrity Network’s founder, Cleta Mitchell, promotes her thousand-strong group as a kind of “national neighborhood watch.”Researchers also point to a new kind of infrastructure around documenting and sharing such rumors on Election Day.
Persons: Donald Trump, “ They’ve, ” Trump, Danielle Tomson, , ” Tomson, , Jennifer Liewer, Chandan Khanna, Trump, noncitizens ’, Cleta Mitchell, Elon Musk, James O’Keefe, Mike Lindell, Ben Berwick, Berwick, ” Berwick, Olivier Touron, Kamala Harris, — Harris, Organizations: University of Washington’s Center, Convention Center, Getty, Seattle, Center, Conservative, Trump, America PAC, Heritage Foundation, Protect Democracy, , FBI, National Intelligence Director’s, Infrastructure Security Agency, Service, Naval, Convention, National Guard Locations: Allentown , Pennsylvania, Arizona, Liewer, Maricopa, Beach, West Palm Beach, Fla, Maricopa County, Ariz, Philadelphia, Phoenix, AFP, U.S, Russia, Beach County , Florida
As investors await the results of a tightly contested U.S. presidential election, JPMorgan is eyeing a collection of stocks that is less dependent on the outcome. Against that backdrop, the bank compiled a list of stocks with little exposure to election themes. Here is a look at some of the stocks on JPMorgan's list: Expedia made the list. EXPE YTD mountain Expedia stock. SBUX YTD mountain Starbucks stock.
Persons: Expedia, Uber, Barry Diller, Brian Niccol, headwinds Organizations: JPMorgan, Starbucks, Disney, Hilton Worldwide Locations: U.S
Capital One Quicksilver Student Cash Rewards Credit Card OverviewCapital One Quicksilver Student Cash Rewards Credit Card Apply now lock icon An icon in the shape of lock. Capital One Savor Student Cash Rewards Card ReviewCapital One Quicksilver Student Card vs. the Bank of America® Unlimited Cash Rewards Credit Card for StudentsThe Bank of America® Unlimited Cash Rewards Credit Card for Students is another strong option, offering a flat 1.5% cash back on all purchases, similar to the Capital One Quicksilver Student card. Bank of America Unlimited Cash Rewards Card for Students ReviewCapital One Quicksilver Student Card Frequently Asked QuestionsWhat is the difference between Quicksilver Rewards and Quicksilver Rewards for Student? The difference between the Quicksilver Rewards Card and the Quicksilver Rewards Card for Students is that the former offers more perks. Why You Should Trust Us: How We Reviewed the Capital One Quicksilver Student Cash Rewards Credit CardOur experts evaluated the Capital One Quicksilver Student Cash Rewards Credit Card relative to other student credit cards and cards for folks with fair or average credit.
Persons: it's, That's, you'll, , There's, Modest, David McMillin David McMillin, Guy, David, he's, Angela Fung, Read, Gabriel Vito Gabriel Vito, Gabriel, Education Gabriel, ExperienceExpertiseEducation Read Organizations: Business, Bank of America, Capital, Chevron, Entertainment, Walmart, Gas, Quicksilver, The Bank of America, Review, Finance, Forbes, CNN, University of California, Banking, Education, The University of California Locations: Capital One's, Chicago, Alaska , Utah , Oklahoma, Vermont, Riverside
And we’re going to start by saying something nice about every team no matter their place in these rankings. Sando’s Pick SixLast week: 2Monday: Beat Tampa Bay Buccaneers 30-24 (OT)Something nice: They just don’t loseAnd that’s the point, right? ETLast week: 6Sunday: Beat Denver Broncos 41-10Something nice: Derrick Henry’s 30sHenry will turn 31 the day before final Sunday of the regular season. ETAdvertisementLast week: 12Sunday: Lost to Los Angeles Rams 26-20Something nice: Jaxon Smith-Njigba is coming alongThe second-year wide receiver, last year’s No. Up next: ByeAdvertisementLast week: 29Sunday: Lost to Buffalo Bills 30-27Something nice: The De’Von Achane–Tua Tagovailoa duoNobody missed Tagovailoa more than Achane.
Persons: Amon, Ra, Brown’s, Dan Campbell’s, Meathead, Patrick Mahomes, Mahomes, Derrick Henry’s, Henry, Josh Allen, Bryan M, Bennett, Josh Allen’s, Lamar Jackson, Allen, Jayden Daniels, Terry McLaurin, Joe Barry, Jeff Hafley, Matt LaFleur, we’re, Jordan Love, Justin Jefferson’s, Jefferson, Aaron Jones, He’s, Barkley, Najee Harris ’, Harris, George Kittle’s, Christian McCaffrey, Brandon Aiyuk, Deebo Samuel, Ricky Pearsall, Kittle, Kirk Cousins, Cousins, Will Anderson Jr, , Anderson, don’t, Mike Evans, Chris Godwin, Cade Otton’s, Bo Nix’s, Jesse Minter, James Conner, Jared, Geno Smith, Steph Chambers, Jared Verse’s, Laiatu, Dallas Turner, TruMedia, Aaron Donald, Matthew Stafford, Joe Burrow, Burrow, , Jaxon Smith, Njigba, Smith, Tory Taylor, Caleb Williams, Taylor, Grover Stewart’s, Sunday Stewart, Garrett Bradbury, Sam Darnold, Kenny Moore, Stewart, Grover Stewart, — JJ Watt, Garrett Wilson’s, Saquon Barkley, Garrett, hird, amar J, asser, ove, m., m. E Organizations: Green Bay Packers, Lions, Houston Texans, Lions Super, Tampa Bay Buccaneers, Kansas City, Chiefs, Denver Broncos, Beat Denver Broncos, NFL, Broncos, Cincinnati Bengals, AFC East, Beat Miami Dolphins, Dolphins, Buffalo’s, Indianapolis Colts, Beat New York Giants, Pittsburgh Steelers, Detroit Lions, Packers, Detroit, Beat Indianapolis, Jacksonville Jaguars, Beat Jacksonville Jaguars, Giants, Jaguars, Dallas Cowboys, Steelers, Washington, Beat Dallas Cowboys, Dallas, EPA, Falcons, New Orleans Saints, New York Jets, AFC, Anderson’s, Kansas City Chiefs, Baltimore, Bucs, San Francisco 49ers, Baltimore Ravens, Ravens, Denver, Eagles, Beat Cleveland Browns, Chargers, Browns, Tennessee Titans, Beat Chicago Bears, NFC West, Arizona, Vikings, Cardinals, Rams, 49ers, Beat Seattle Seahawks, Miami Dolphins, Las Vegas Raiders, Bengals, Los Angeles Rams, Buffalo, Seahawks, Arizona Cardinals, Bears, New England Patriots, Minnesota Vikings, Indianapolis, Colts, Buffalo Bills, Beat Houston Texans, Jets, ust, ard, ards, ashington Locations: Detroit, Kansas, Washington, New York, Tampa, Denver, Los Angeles, Seattle, Chicago, Minnesota
Generally, a Trump win is seen as positive for financials given a higher likelihood of deregulation for companies in the space. Traditional oil and gas names are also likely to benefit under a second Trump presidency. One is made up of stocks that benefit after a Harris win; the other would outperform under a second Trump presidency. However, a Harris win is expected to keep current regulation measures in place, and possibly introduce new ones. Private equity giants KKR and Blackstone would also benefit under a Trump win.
Persons: Kamala Harris, Donald Trump, Paul Gallant, Cowen, Gallant, Harris, Goldman Sachs, Daniel Clifton, Strategas, Andrew Garthwaite, Trump, Garthwaite, TAN, we've, Biden, Wells, Ike Boruchow, Boruchow, , Russell, Joe Biden, Morgan Stanley, Crypto, isn't, Nic Puckrin, bitcoin, Marcelli, Financials, Wolfe, Chris Senyek, Lazard Organizations: Congress, U.S ., Trump, U.S . Trump, GOP, Democratic, CNBC Pro, Wall, Strategas, Enterprise, of America, Ford, UBS, Apple, Enphase Energy, Technologies Enphase, Exxon Mobil, Chevron, Trump Media & Technology, Trump Media, Cadence Bank, Viking Therapeutics, Bureau, CNBC, Wolfe Research, Lazard, Private, KKR, Blackstone, Evercore Locations: Washington, of America Cleveland, Cleveland, China
Bitcoin, an asset tied to a Trump victory given the candidates courtship of the industry, soared to a record $75,000 . Heading into the election, investors and analysts pointed to several stocks and sectors that could benefit from a Trump win. Here's a roundup of some of those: Steel stocks If Trump regains the presidency, JPMorgan expects steel stocks to outperform . Related stocks that could outperform under a Trump victory include Nucor , Cleveland-Cliffs , Kaiser Aluminum and MP Materials , according to Peterson. Supporters of Trump have also used the stock as a way to invest in a Trump victory.
Persons: Donald Trump ., Trump, Kamala Harris, Here's, Bill Peterson, Peterson, UBS's, Goldman Sachs, Strategas, Lazard, Wolfe, Tesla, Elon Musk's, Marion Laboure, bitcoin, Nic Puckrin, David Zerzos, Zerzos, Marcelli, Seth Seifman, Russell, Joe Biden, IWM, , Halliburton, Trump's, ULTA, Michael Bloom, Sean Conlon, Alex Harring, Fred Imbert, Pia Singh Organizations: U.S, NBC, Stock, Dow Jones Industrial, Trump, JPMorgan, Aluminum, Financials Bank of America, of America, UBS's Trump, UBS, Swiss, Citigroup, Citizens, Wolfe Research, GOP, Trump Media & Technology, Trump Media, ISI, Deutsche Bank, Investors, Jefferies, Military, Strategas, Gas Energy, Evercore ISI, Exxon Mobil, Halliburton, Companies Locations: Nucor, Cleveland, U.S, China, U.S . Southern
One basis point is equivalent to 0.01%. ET the 10-year Treasury yield was down by less than one basis point to 4.3029%. The yield on the 2-year Treasury was also less than one basis points lower at 4.1681%. U.S. Treasury yields were little changed on Tuesday as investors readied themselves for the presidential election. The U.S. will head to the polls on Tuesday for the hotly anticipated presidential election.
Persons: Kamala Harris, Donald Trump, Dow Jones Organizations: Treasury, U.S, NBC, PMI, Census, Federal Reserve, Traders Locations: U.S, Washington
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailChange in the White House could mean a significant shift in antitrust enforcement, says Bill BaerBill Baer, former U.S. Assistant Attorney General antitrust division, joins CNBC's 'Squawk on the Street' to discuss how the election could impact antitrust policies, how pending cases may be affected, and more.
Persons: Bill Baer Bill Baer Organizations: U.S
Goldman Sachs has refreshed its list of top stock picks in Asia to include two automotive stocks: India's Mahindra and Mahindra and Japan's Honda Motor . The stocks are featured on the investment bank's "Conviction List - Directors' Cut," which seeks to offer a "curated and active" list of buy-rated stocks. Mahindra and Mahindra Goldman is betting on Mahindra and Mahindra given its "unique pipeline" in India's SUV car market. Goldman has a 12-month target price of 3,600 Indian rupees ($42.80) on the stock, implying 25% potential upside. Goldman has a target price of 2,200 Japanese yen ($14.50) on the stock, implying 44.3% potential upside.
Persons: Goldman Sachs, Chandramouli Muthiah, Goldman, Kota, — CNBC's Michael Bloom Organizations: India's Mahindra, Mahindra, Japan's Honda, Mahindra Goldman, Electric Vehicle, National Stock Exchange, Bombay Stock Exchange, Honda, Tokyo Stock Exchange, HMC Locations: Asia, India, China, U.S, Japan
Some pediatricians are stunned by the possibility that vaccines proven to save kids’ lives could be banned in a second Trump administration. “I have watched a child die in the hospital of a vaccine-preventable illness because her parents refused to vaccinate her. Many parents today have not witnessed that — yet,” said Dr. Catherine Ohmstede, a pediatrician at Novant Health in Charlotte, North Carolina. However, kindergarten vaccination rates had been falling in the U.S. for years before Trump embraced Kennedy and his anti-vaccine views. Amy Pisani, CEO of the nonpartisan, nonprofit organization, Vaccinate Your Family, said she worries about the outcomes of the latest anti-vaccine sentiments.
Persons: Trump, Donald Trump, he’ll, Robert F, Kennedy Jr, Kennedy, doesn’t, he’s, he’d, , , Catherine Ohmstede, ” Ohmstede, Adam Ratner, Rochelle Walensky, That’s, Deanna Behrens, “ I’m, Amy Pisani Organizations: NBC News, Health, Centers for Disease Control, Children’s, NYU Langone, CDC, American Academy of Pediatrics Locations: U.S, Charlotte , North Carolina, New York City, Illinois
In today’s edition, political reporter Allan Smith and senior White House reporter Peter Nicholas empty their notebooks after spending the last two weeks on the ground in battleground Pennsylvania. And over the final two weeks of the race, both candidates and their running mates held 16 events in Pennsylvania — including Monday, marking some of Harris and Trump’s final rallies of the campaign. And 5% of Republican voters hold a positive view of Harris, while 92% hold a negative view (-87 net rating.) : Regardless of who wins the election, a key fixture of America’s political landscape for nearly a decade is set to disappear: the Trump campaign rally. Read more → Follow live updates from the campaign trail →That’s all from the Politics Desk for now.
Persons: Allan Smith, Peter Nicholas, Mark Murray, Peter Nicholas PITTSBURGH, It’s, Donald Trump, Kamala Harris, Trump, Harris, Jennifer Mann, Philipsburg, , ” Read, Allan, Peter → 🗺️, orth, arolina,, ake, ender, ault, ines, hite, lear, alf, Tod, Reg, Rob, Bowman Organizations: NBC, White House, Capitol, It’s, NBC News, Trump, State College, ust, ics Locations: Pennsylvania, oters, Poli
An outperforming fund manager who previously sold Meta Platforms shares over concerns about the company's virtual reality investments is now bullish on the technology giant's artificial intelligence strategy. This optimistic stance marks a significant shift for Yiu, who revealed that his fund had previously sold out of Meta Platform shares two years ago due to concerns about the company's virtual reality investments. Meta's Reality Labs division, home to the company's virtual reality technologies and projects, took on $13.72 billion in losses in 2022 before Zuckerberg pivoted strategy. Meta is among the top 10 holdings in Yiu's Blue Whale Growth Fund, which itself is up 16.6% in 2024. Yiu's endorsement comes as Meta faces scrutiny over its ambitious AI spending plans, prompting mixed reactions from Wall Street analysts.
Persons: Stephen Yiu, Yiu, CNBC's, Metaverse, Zuckerberg, Meta, Benjamin Black, Black, Nat Schindler, Morningstar, Morningstar's Malik Ahmed Khan, Michael Bloom, Jonathan Vanian, Ari Levy Organizations: Blue, Growth, Meta, Nvidia, Labs, Wall Street, Deutsche Bank
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