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☆ Here are Wednesday's biggest analyst calls: Apple, Alphabet, Snap, Boeing, First Solar, Reddit, AMD & more
▼ + stars: | 2024-10-30 | by ( Michael Bloom | ) www.cnbc.com time to read: +8 min

Here are Wednesday's biggest calls on Wall Street: Bank of America reiterates Advanced Micro Devices as buy Bank of America said the stock is best positioned following earnings on Tuesday. JPMorgan reiterates First Solar as overweight The firm said the solar company is still best positioned following earnings on Tuesday. "Attractive entry point ahead of EDN's tariff review, a key value driver that could drive significant earnings growth & trigger stock re-rating. "We remain confident in BOOT's ability to deliver attractive relative earnings growth supported by compelling unit expansion opportunity." Raymond James downgrades Crocs to market perform from outperform Raymond James downgraded the shoe company following earnings citing margin pressures.

Persons: Wells, Reddit, Morgan Stanley, Raymond James, it's, Bernstein, Baird, Raymond James downgrades Qorvo, Barclays downgrades Lear, Goldman Sachs, Chipotle, Goldman, Raymond James downgrades Crocs, Wedbush downgrades Williams Organizations: Bank of America, Devices, AMD, JPMorgan, Catalyst, " Bank of America, DoJ, Citi, YouTube, Bank of, Holdings, of America, Incyte, Boeing, UBS, Barrick Gold, Barrick, Barclays, CMG, Walmart, Apple, Apple Intelligence, 3Q, 4Q, WSM Locations: China, OW, America, Sonoma

☆ 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, ”

☆ Wall Street is bullish on Amazon earnings despite uncertainty around consumer spending, rising investment costs
▼ + stars: | 2024-10-30 | by ( Filip De Mott | ) www.businessinsider.com time to read: +7 min

CFRA trimmed its Amazon price target to $219 a share on October 21, indicating 13% upside ahead. The firm has a "buy" rating on the stock and a $210 price target, which implies an 8.3% gain from current levels. The firm said investors have toned down margin expectations due to Amazon's spending in new investment areas, such as Project Kuiper. AdvertisementWedbush reiterated its "outperform" rating and $225 price target, implying a 16% gain from current levels. Morgan Stanley has a $210 price target for the stock, representing upside of about 8% from Wednesday's share price.

Persons: —, Arun Sundaram, Sundaram, Justin Post, BofA, Scott Devitt, Wedbush, Morgan Stanley, Bullish, Brian Nowak Organizations: Service, CFRA, Bank of America, Amazon Web Services, 3Q, JPMorgan, Wedbush Securities

☆ Saudi Arabia is pulling back on a global spending spree to focus on its own projects
▼ + stars: | 2024-10-30 | by ( Polly Thompson | ) www.businessinsider.com time to read: +4 min

Now the Kingdom plans to cut its foreign investment to prioritize domestic spending. AI is the new focus of investment as Saudi Arabia looks to position itself as a global technology hub. AdvertisementSaudi Arabia is pulling back on its global spending spree to focus on domestic investments. In September, Saudi Arabia held the third Global AI Summit, attracting a host of high-profile leaders and dealmakers. The new focus on domestic investment comes as Saudi Arabia's spending on Neom, its futuristic megacity in the desert, hit $1 trillion.

Persons: —, Yasir Al Rumayyan, we've, Al Rumayyan, Yasir Al, Rumayyan, Hamad I Mohammed, Uber, Andreessen Horowitz Organizations: Service, Public Investment Fund, Future Investment, Economic, REUTERS, Investors, Saudi Press Agency, Financial Times, Saudi, AI, Bloomberg, Sindalah Locations: Saudi, Saudi Arabia, Riyadh, Davos, Switzerland, Neom

☆ Ether is set to gain ground on bitcoin with charts indicating 20% upside from here
▼ + stars: | 2024-10-30 | by ( ) www.cnbc.com time to read: +3 min

With bitcoin approaching a major breakout attempt and new all-time highs, it continues to attract all of the attention and rightly so. While it may seem like ether has been out of favor for a considerable length of time, it's not anything different than we've seen before over the years. Overall, there have been five relative phases – with the other two being the times when ETH outperformed BTC. But we've seen it before. Every time is different, but we've now seen bitcoin and ETH leverage technical patterns for nearly a decade now.

Persons: we've, they've, Frank Cappelleri Organizations: ETH, BTC, CNBC, NBC UNIVERSAL Locations: ETH

☆ Rumble in the Jungle: The fight that defined a decade, 50 years on
▼ + stars: | 2024-10-30 | by ( Jamie Barton | ) edition.cnn.com time to read: +9 min

CNN —In many ways, Muhammad Ali vs George Foreman in the Rumble in the Jungle didn’t start on this day 50 years ago at 4:30 a.m. local time (10:30 p.m. It would be another three years before he was permitted a license to fight, and another seven before the Rumble in Jungle offered him a chance to reclaim his title. UPI/Bettmann Archive/Getty Images“To me, it was like a charity fight,” Foreman later told the BBC. APZairean men are seen inside the stadium in Kinshasa on October 30, 1974, just before the Rumble in the Jungle. AFP via Getty ImagesA portrait of President of Zaire Mobutu Sese Seko is seen at the stadium in Kinshasa during the fight.

Persons: Muhammad Ali, George Foreman, Don King, Mobutu Sese Seko, Africa’s, ”, Thomas Hauser, Ali’s, Ali, Foreman, Cassius Clay –, Sonny Liston, John F, Kennedy, Hauser, Cassius Clay, “, Richard Nixon, ‘ Ali, bomaye ’ Ali, Mobutu, James Brown, BB, Bill Withers –, ” Ali, “ Ali, bomaye, ” Foreman, “ I’d, Joe Frazier, Ken Norton, Gene Kilroy, Big George ”, Floyd Mayweather, Manny Pacquiao, Zack Clayton, Zaire Mobutu Sese Seko, Tyson Fury, Oleksandr Usyk, we’ve, ‘, ” Hauser, Muhammad Ali couldn’t Organizations: CNN, Democratic, CNN Sport, Beatles, International Boxing Hall of Fame, Islam, US Armed Forces, Jungle, AFP, Getty, AP, Blacks, American Blacks, UPI, BBC, Stade du Locations: Zaire, Democratic Republic of the Congo, New York, Vietnam, Louisville, Kinshasa, Africa, Black, American, Mai, AFP, Saudi Arabia

☆ 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

☆ Corning CEO Wendell Weeks on Q3 results: Cyclical and secular trends are driving our growth
▼ + stars: | 2024-10-30 | 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 EmailCorning CEO Wendell Weeks on Q3 results: Cyclical and secular trends are driving our growthCorning CEO Wendell Weeks joins 'Squawk Box' to discuss the company's quarterly earnings results, the company's multi-year agreement with AT&T to expand fiber and cable networks, and more.

Persons: Wendell Weeks Organizations: Email

☆ 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

Legal experts say an attempt to overturn the 2024 election results would be more difficult than in 2020. And a lost Chopin waltz is discovered after 200 years. Legal experts say those changes would make another attempt to overturn the result of the election much more difficult and unlikely. If Trump attempted to overturn the election result in Congress, he’d be up against the bipartisan Electoral Count Reform Act. This election season, voters said they are disillusioned by both major parties, especially over the handling of the war in Gaza.

Persons: Andrea Mitchell, Antony Blinken’s, Chopin, Donald Trump, Trump, he’d, Matthew Sanderson, Kamala Harris, JD Vance, hadn’t, Tony Hinchcliffe, ”, Hinchcliffe —, ➡️ Elon Musk, Harris, ➡️ Jeff Bezos, “, WaPo, ➡️, Democratic Sen, Bob Casey of Pennsylvania, Isaac Herzog, Antony Blinken, Nathan Howard, Benjamin Netanyahu, Yahya Sinwar’s, Blinken, Brittany Randall, Kamberlyn Bowler, ” Randall, Freddie Freeman, Jay Johnston, Bob’s, Helene, Milton, Matthew Perry’s, Suzaenne Perry, Mustafa Hussain, Vanessa Leroy, — Zara Katz, Brooks, Jolie, Elizabeth Robinson Organizations: NBC, Trump, Count, Washington , D.C, Trump’s New, PAC, The Washington Post, Democratic, ➡️ Authorities, Getty, U.S, United Nations, West Bank ., CDC, Los Angeles Dodgers, New York Yankees, JPMorgan, Cuban, NBC News, American, RNC, Ninja Locations: Washington ,, Georgia, Trump’s New York City, Puerto Rico, Michigan, Portland , Oregon, Vancouver , Washington, Iran, Tel Aviv, AFP, Israel, Washington, Gaza, Lebanon, Beirut, U.S, Junction , Colorado, “, Dearborn , Michigan, Dearborn, Detroit

☆ Key 2025 market driver will be increase in term premium, says Neuberger Berman's Knutzen
▼ + stars: | 2024-10-29 | 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 EmailKey 2025 market driver will be increase in term premium, says Neuberger Berman's KnutzenErik Knutzen, Neuberger Berman multi-asset strategies co-CIO, joins CNBC's 'The Exchange' to discuss investing in short-term bonds, how to position ahead of the election, and more.

Persons: Neuberger Berman's Knutzen Erik Knutzen, Neuberger Berman

☆ 10-year Treasury yield rises above 4.3% as investors look to key data
▼ + stars: | 2024-10-29 | by ( Sophie Kiderlin | In | ) www.cnbc.com time to read: +1 min

ET, the yield on the 10-year Treasury was up by over 2 basis points at 4.304%. The 2-year Treasury yield was last up by less than 1 basis point at 4.146%. U.S. Treasury yields were higher on Tuesday, with the 10-year Treasury yield continuing to trade at multi-month highs as investors looked to upcoming economic data. On Tuesday investors will be watching out for fresh consumer confidence insights and home price data as well as the latest JOLTS job openings figures. Those are the first of a series of labor market related data releases slated for the week.

Organizations: Treasury, U.S, Federal, Traders, Fed

☆ The economy seems to be firing on all cylinders — but a veteran JPMorgan strategy chief says one underappreciated risk could cause a serious global slowdown
▼ + stars: | 2024-10-29 | by ( James Faris | ) www.businessinsider.com time to read: +6 min

Corporate earnings growth, productivity growth, and business fixed investment all seem to be headed in the right direction as well. Related storiesThese signals have given David Kelly, JPMAM's chief global market strategist, great confidence. Such tariffs would cause "seismic shocks to the US economy," Tom Orlik, the chief economist at Bloomberg Economics, said earlier this month. Charles Schwab global investment strategy chief Jeffrey Kleintop cited tariffs as a top risk back in June. "But oddly enough, the global economy bounced back anyway.

Persons: David Kelly, —, JPMAM, Kelly, Donald Trump who's, Tom Orlik, Charles Schwab, Jeffrey Kleintop, I'd Organizations: JPMorgan Asset Management, Service, Asset Management, Federal Reserve, Bloomberg Economics, Peterson

☆ U.S. economy is not slowing, T. Rowe Price says
▼ + stars: | 2024-10-29 | 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 EmailU.S. economy is not slowing, T. Rowe Price saysSebastien Page, CIO & head of global multi-asset T. Rowe Price, discusses the U.S. economic outlook ahead of the country's elections.

Persons: Rowe Price, Sebastien Page Organizations: U.S

☆ Consumer confidence surges as election nears, while job openings move lower
▼ + stars: | 2024-10-29 | by ( Jeff Cox | ) www.cnbc.com time to read: +1 min

Consumers grew more optimistic about the U.S. economy heading into the contentious presidential election even as job openings hit multi-year lows, according to separate reports released Tuesday. The Conference Board's consumer confidence index for October rose more than 11% to a reading of 138, its biggest one-month acceleration since March 2021. "Views on the current availability of jobs rebounded after several months of weakness, potentially reflecting better labor market data." The drop in openings took the ratio of job vacancies to available workers below 1.1 to 1. Though the openings level moved lower, hires rose 123,000 on the month.

Persons: Dow Jones, Dana Peterson Organizations: Labor Locations: U.S

☆ Rocket builder Firefly’s new CEO is working ‘maniacally’ to scale launches, spacecraft and moon missions
▼ + stars: | 2024-10-29 | by ( Michael Sheetz | In Michaeljsheetz | ) www.cnbc.com time to read: +9 min

He sees gaps in the launch market for Firefly's Alpha and coming MLV rockets, which slot into the middle of the small-to-heavy class of vehicles. Firefly has three main product lines: its rockets, Alpha and MLV; space tugs, called Elytra, and lunar landers, known as Blue Ghost. More rocketsThe company's fifth Alpha launch lifts off from Vandenberg Space Force Base in California in July 2024. A rendering of the MLV rocket. Firefly AerospaceKim sees Firefly as having a key advantage — "an engine that works" — in its Reaver engines that power the Alpha rockets.

Persons: Jason Kim, Firefly Aerospace Jason Kim, he's, Elon Musk's, ULA, Jeff Bezos, Kim, he'd, I'm, … I'm, what's, Firefly's, Trevor Mahlmann, Northrop, Aerospace Kim, Miranda, We've, MLV, Firefly's Alpha, Lockheed Martin, Simone Biles, we're Organizations: Firefly Aerospace, Aerospace, Boeing, Elon, Elon Musk's SpaceX, Firefly's Alpha, CNBC, Firefly, Alpha, California's Vandenberg Space Force Base, Industrial Partners, Vandenberg Space Force, SpaceX, Lockheed, Payload Services, NASA, Blue Locations: U.S, Austin , Texas, California's, California, Northrop's, Briggs , Texas

☆ Microsoft's GitHub expands beyond OpenAI, lets developers use AI models from Anthropic, Google
▼ + stars: | 2024-10-29 | by ( Jordan Novet | ) www.cnbc.com time to read: +2 min

Microsoft has a very expensive and very public relationship with artificial intelligence startup OpenAI. But one of Microsoft's most successful AI products, GitHub Copilot, is now going beyond OpenAI to give developers more choice in what models they want to use. Microsoft introduced GitHub Copilot in 2021, offering source code suggestions to software developers. Copilot relies on models from OpenAI, which has received billions of dollars in funding from Microsoft and has exploded in popularity since releasing ChatGPT in late 2022. At that point, it felt like "the right time" to add models from Anthropic and Google , Dohmke said.

Persons: Claude, Thomas Dohmke, They're, GitHub, Dohmke Organizations: Microsoft, OpenAI's, o1, CNBC, Google

☆ Nick Cannon says he was insecure Mariah Carey was the 'alpha' in their marriage. He's not the only man who's admitted to being jealous of a partner's success.
▼ + stars: | 2024-10-29 | by ( Callie Ahlgrim | ) www.businessinsider.com time to read: +6 min

Nick Cannon recently opened up about feeling insecure during his six-year marriage to Mariah Carey. AdvertisementDuring their six-year marriage, Nick Cannon said he knew what people were thinking: "The kid from Nickelodeon is with Mariah Carey?" As a child star on Nickelodeon's "All That" and its spin-off "The Nick Cannon Show," Cannon was an avowed fan of Carey, who's 11 years his senior. Cannon praised Carey for being "understanding" and "evolved," even while he was struggling with his identity and career. Cannon is far from the only man who's admitted to being jealous of his wife's financial status.

Persons: Nick Cannon, Mariah Carey, Cannon, —, Ray Daniels, Carey, who's, Daniels, — she's, Singer, hasn't, She's, I'm, Mauricio Santana, Jenna Birch, outperforms, Kate Ratliff, they're Organizations: Service, Nickelodeon, VH1, Billboard, The New York Times, Def, Social Psychology, American Psychological Association, University of Florida Locations: Monroe, Sao Paulo, Brazil

☆ We upgraded Stanley Black & Decker stock despite the post-earnings selling
▼ + stars: | 2024-10-29 | by ( Zev Fima | ) www.cnbc.com time to read: +8 min

Stanley Black & Decker reported mixed quarterly results before Tuesday's opening bell, and the stock got whacked. SWK YTD mountain Stanley Black & Decker YTD Shares of Stanley Black & Decker consolidated around an 8% decline after the release. We upgraded Stanley Black & Decker on Tuesday morning back to our buy-equivalent 1 rating on the belief the stock reaction to the print was overdone. Stanley Black & Decker Why we own it: Stanley Black & Decker is in the later innings of a multi-year restructuring plan. To honor the occasion, Donald Allan, Jr., President & CEO of Stanley Black & Decker, joined by Chris Taylor, NYSE Global Head of Advisory, rings the Opening Bell®.

Persons: Stanley Black, Decker, Stanley, Donald Allan, we're, Allan, —, Jim Cramer's, Jim Cramer, Jim, Donald Allan , Jr, Chris Taylor Organizations: Revenue, Stanley Black, Treasury, Federal, Bosch, Techtronic Industries, Management, CNBC, The New York Stock Exchange, NYSE Global Locations: Dewalt, Europe

☆ Southport attack: Teen charged with girls’ murder at UK dance class facing terrorism charge, prosecutors say
▼ + stars: | 2024-10-29 | by ( Lauren Kent | Lauren Said-Moorhouse | ) edition.cnn.com time to read: +3 min

London CNN —The teenager charged with the murder of three young girls in a July stabbing attack at a dance class in northwest England will face a terrorism charge, British prosecutors announced Tuesday. The new charges he faces in relation to the attack in the town of Southport, England, are in addition to three charges of murder, 10 charges of attempted murder and one charge of possession of a knife. “Searches of Axel Rudakubana’s home address resulted in an unknown substance being found – testing confirmed the substance was ricin,” Kennedy told reporters at a news conference. The attack on July 29 has not been declared a terrorist incident, the police chief said. The matter for which Axel Rudakubana has been charged with under the Terrorism Act does not require motive to be established.

Persons: Axel Rudakubana, – Bebe King, Elsie Dot Stancombe, Alice da Silva Aguiar –, Taylor Swift, Constable Serena Kennedy, “, Axel Rudakubana’s, ” Kennedy, ” Dr, Renu, ” Bindra, CNN’s Helen Regan, Maija Ehlinger Organizations: London CNN, United, Service, UK Health Security Agency Locations: England, Westminster, videolink, Southport, Merseyside

☆ Woman found alive after surviving snake bite and two weeks in the wilderness
▼ + stars: | 2024-10-28 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Patrick-Smith-Circle-Byline-Template.Jpg | Patrick Smith | ) www.nbcnews.com time to read: +1 min

Police said a woman who was found in a remote Australian mountain range after going missing for almost two weeks was "dazed and unwell" but alive after suffering a snake bite in remote wilderness. She was last seen driving a hire car in the national park on Oct. 15. "We held grave concerns for the missing woman and [are] very glad she’s been found safe and reasonably well." The Snowy Mountains in Kosciuszko National Park in Jindabyne, Australia. Police said Sjoberg was was treated by paramedics at the scene for exposure and "what is believed to be a snake bite," before being taken to Cooma District Hospital in a stable condition.

Persons: Kiki, Sjoberg, Toby Lindsay, Martin Ollman, Lindsay Organizations: New South Wales Police, Monaro Police, Australian Broadcasting Corporation, Police, Australian Museum Locations: New, Kosciuszko, Jindabyne, Australia, Cooma, Sydney

☆ TSMC suspended shipments to China firm after chip found on Huawei processor, Reuters reports
▼ + stars: | 2024-10-28 | by ( ) www.cnbc.com time to read: +1 min

The Taiwan Semiconductor Manufacturing Co. (TSMC) building at the Central Taiwan Science Park in Taichung, Taiwan, on Friday, April 8, 2022. Taiwan Semiconductor Manufacturing Company suspended shipments to China-based chip designer Sophgo after a chip it made was found on a Huawei AI processor, according to two people familiar with the matter. Sophgo had ordered chips from TSMC that matched the one found on Huawei's Ascend 910B, the people said. Reuters could not determine how the chip ended up on the Huawei product. Tech research firm TechInsights discovered the TSMC chip on Huawei's Ascend 910B when it took apart the multi-chip processor, a different source told Reuters on Tuesday.

Persons: Sophgo, TechInsights, TSMC Organizations: Taiwan Semiconductor Manufacturing Co, Central Taiwan Science, Taiwan Semiconductor Manufacturing Company, Huawei, Reuters, TSMC, U.S . Department of Commerce, Taiwan Locations: Taichung, Taiwan, China, Tech

☆ Apple’s iPhone AI debuts today. Here’s what to expect
▼ + stars: | 2024-10-28 | by ( John Towfighi | ) edition.cnn.com time to read: +7 min

Apple’s AI features for iPhones will be available for free to users with any iPhone 16, iPhone 15 Pro and Pro Max, who update to iOS 18.1. Apple Intelligence is also available for iPad and Mac models that support iPadOS 18.1 and macOS Sequoia 15. The AI features rolling out with iOS 18.1The Apple Intelligence features rolling out Monday include improvements to writing and editing, Siri and the Photo app. “Some market participants are optimistic that Apple Intelligence could dramatically boost iPhone shipments soon,” Kuo said in the blog post. Following Apple's new product announcements, customers can pick up the new iPhone 16, 16 Plus, 16 Pro and 16 Pro Max, Apple Watch Series 10, AirPods 4, AirPods Pro 2 and AirPods Max from UK Apple Stores today.

Persons: Pro Max, Siri, Angelo Zino, Dan Ives, ” Ives, didn’t, Chi Kuo, Kuo, ” Kuo, Max, Peter Nicholls, “, Wedbush’s Ives, CFRA Research’s Zino, ” Zino, Apple’s Organizations: CNN — Apple Intelligence, Apple Intelligence, Pro, Microsoft, Google, Apple, Developers Conference, Big Tech, Apple Apple, CFRA Research, CNN, Wedbush Securities, TF International Securities, Regent, AirPods, Apple Stores Locations: London, England

☆ This crypto business just acquired a Swiss asset manager to take their business to the next level
▼ + stars: | 2024-10-28 | by ( ) www.businessinsider.com time to read: +4 min

The acquisition of Crypto Finance Asset Management by Matrixport is taking the crypto financial services hub into new markets. The new acquisition is an entry point to the European crypto asset management marketKeen to maximize what it offers its investors, Matrixport has gone one step further through the 100% equity acquisition of Crypto Finance (Asset Management) AG (CFAM), a licensed Swiss crypto asset manager. Previously part of the Deutsche Börse Group-owned Crypto Finance Group, following the all-cash acquisition, CFAM will be renamed to Matrixport Asset Management (MAM). Through the acquisition, Matrixport gains entry into the European crypto asset management market. With such an array of services available, the acquisition enables clients access to innovative crypto asset management products.

Persons: Matrixport, Keen, CFAM Organizations: Crypto Finance, Management, Asset Management, Deutsche Börse, Matrixport Asset, Swiss Financial Market Supervisory Authority, MAM, US Securities, Exchange, underwriters, APEX Group, Insider Studios Locations: Swiss, Europe, Hong Kong, Matrixport

A sexual abuse lawsuit alleges Sean Combs raped a 10-year-old boy at an audition in NYC in 2005. The lawsuit alleges the child was given a soda to drink, then lost consciousness. "You have to do some stuff you don't want to do sometimes," the lawsuit alleges Combs soon told him, pushing him down. Combs replied that if Plaintiff told anyone about what had happened, he would hurt Plaintiff's mom and dad badly," the lawsuit alleges. The federal indictment alleges Combs used his position of power to carry out crimes.

Persons: Sean Combs, Combs, —, Sean, Diddy, Plaintiff, we've, Sean John Organizations: Service, Plaintiff, Buzbee, Bad Boy Records, Combs Enterprise, Combs Locations: New York City, California, New York, Manhattan's, Los Angeles, Brooklyn

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