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☆ Democratic state Rep. Andrea Salinas faces off against Republican Mike Erickson in Oregon's 6th Congressional District election
▼ + stars: | 2022-11-05 | by ( Hanna Kang | ) www.businessinsider.com time to read: +5 min

Democratic state Rep. Andrea Salinas is running against Republican Mike Erickson in Oregon's 6th Congressional District. Democrat Andrea Salinas, who chaired the House redistricting committee that helped create the boundaries for the new district she is now campaigning to represent, faces off against Republican Mike Erickson in Oregon's 6th Congressional District. Oregon's 6th Congressional District candidatesSalinas currently represents Oregon's House District 38. Erickson, Salinas' challenger, is the owner of a supply chain and logistics consulting company. Voting history for Oregon's 6th Congressional DistrictOregon's newly minted 6th Congressional District covers Polk and Yamhill counties along with some Portland suburbs.

This week, the final week of polling before the Nov. 8 election, shows Latinos backing Democratic candidates for Congress nationally. NALEO projects about 11.6 million Latinos will vote on Nov. 8 — about the same as in 2018. "I don't know if (concern about abortion) is going to be strong enough to overcome how important economic issues are to Latino voters," Vargas said. In that race, the Republican incumbent, Maria Salazar, is in a contentious race with Democratic challenger and state Sen. Annette Taddeo. On abortion, Democratic candidates are hammering Republicans on the rise in bans and restrictions following the Supreme Court's overturning of Roe v. Wade in June.

☆ Analysts remain confident in Amazon long term as shares crater, expect 'redemption story' ahead
▼ + stars: | 2022-10-28 | by ( Samantha Subin | ) www.cnbc.com time to read: +3 min

Amazon 's disappointing quarterly results signaled to analysts that even the giants aren't immune to a macro slowdown. Analysts trimmed price targets and estimates to reflect a broader macro slowdown at the e-commerce giant following the results, with analysts at Deutsche Bank and Wolfe Research saying it's time to "batten down the hatches." However, most analysts remain bullish on the company's long-term trajectory, maintaining their outperform and buy ratings on the stock. That said, analysts across the board trimmed price targets and estimates to reflect the broader macro pressures. He trimmed his price target on the stock to $137 from $157 a share, suggesting 23% upside ahead for the stocks.

☆ Amazon's cloud business just reported its slowest growth ever, and executives hinted it could get even worse
▼ + stars: | 2022-10-27 | by ( Eugene Kim | ) www.businessinsider.com time to read: +3 min

Amazon's cloud business grew 27% in Q3, the slowest pace since disclosing that number in 2014. CFO Brian Olsavsky said the growth rate was even lower in the back-end of the third quarter. On Thursday, Amazon's cloud business reported a 27% revenue growth rate for the third quarter, the slowest expansion since the company started disclosing the number in 2014. During Thursday's analyst call, Olsavsky said AWS's growth rate decelerated as the third quarter progressed, falling down to the "mid-20% growth rate" in the latter part of the period. To help those customers, AWS is offering lower-priced options and a more cost-efficient chip processor service, he said.

IllinoisIn Illinois, two candidates are looking to make history as the state's first Latina congresswoman: Democratic state Rep. Delia Ramirez in the state's 3rd Congressional District, and Republican newcomer Catalina Lauf in the 11th Congressional District. OregonIn Oregon, two candidates are looking to become the state’s first Latina congresswoman: Democratic state Rep. Andrea Salinas and Republican Lori Chavez-DeRemer, the former mayor of Happy Valley. Flores is on the ballot again in November to defend her newly won seat representing Texas’ 34th Congressional District. Among them are Jenny Garcia Sharon in the 37th Congressional District and Carmen Maria Montiel in the 18th District. Justin Sullivan / Getty Images fileSen. Catherine Cortez Masto, a Democrat, made history as the first Latina elected to the U.S. Senate and the first woman elected to the Senate from Nevada.

☆ Investors should remain underweight on U.S. equity market, says U.S. Bank's Lisa Erickson
▼ + stars: | 2022-10-21 | 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 EmailInvestors should remain underweight on U.S. equity market, says U.S. Bank's Lisa EricksonJJ Kinahan, IG North America CEO, and Lisa Erickson, head of the U.S. Bank Wealth Management public markets group, join CNBC's 'Squawk Box' to break down the latest market action ahead of the open.

☆ Snap's slowing ad growth sends inflation fears through tech sector
▼ + stars: | 2022-10-20 | by ( Sheila Dang | ) www.reuters.com time to read: +4 min

Social media stocks collapseIn a letter to investors, Snap said inflation caused some advertisers to reduce their marketing budgets. Wall Street had forecast 7% growth, said Brad Erickson, an analyst at RBC Capital Markets, in a note after the results. Revenue for the third quarter ended Sept. 30 was $1.13 billion, an increase of 6% from the prior-year quarter. Snap said advertising revenue has historically followed the growth and engagement of its user base, and "we remain optimistic about our long-term opportunity." Adjusted earnings per share was 8 cents during the third quarter, beating analyst expectations of breakeven.

☆ RBC downgrades Lyft, says it may be falling behind Uber
▼ + stars: | 2022-10-07 | by ( Sarah Min | ) www.cnbc.com time to read: +1 min

Lyft may be falling behind competitor Uber, according to RBC Capital Markets. Analyst Brad Erickson downgraded shares of Lyft to sector perform from outperform, and slashed his price target, saying the ride hailing company appears to be struggling to gain an edge. RBC dropped the price target to $16 from $30. The new price target represents about 16.8% upside from where shares closed Thursday at $13.70. Shares of Lyft cratered — down roughly 68% in 2022, and 76% off its 52-week high — as investors pivoted away from growth names.

I want to make sure I have passive income coming in if a recession hits, so I asked experts. Financial planners recommend investing in self-storage and other real estate, including REITs. Over the years, I've made passive income by selling online courses and ebooks, and doing affiliate advertising on content I create for my own website or social media channels. That's why I asked financial experts to share some recession-proof passive income streams that might be worth considering. "The passive income derived from term rents and leases is recession-proof and has a low correlation to market volatility," says Nicola.

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Our experts choose the best products and services to help make smart decisions with your money (here's how). Pulling out of the market or pausing your retirement contributions are also mistakes. To help with that, here are the four mistakes financial advisors say you should avoid when gearing up for a potential recession. Financial planner Brendan Sheehan says that's not always the right move. Financial planner Marlene Erickson says that's especially important when a recession might be looming.

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