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☆ Why this man swapped San Francisco for Colombia
▼ + stars: | 2024-10-16 | by ( Tamara Hardingham-Gill | ) edition.cnn.com time to read: +13 min

CNN —After spending several years building a life he loved in San Francisco, Jason Bennett, originally from the Bay Area, had every intention of remaining in the Californian city for good. At the same time, he realized that he was mostly returning to San Francisco because he felt that was what was expected of him. “The (Colombian) culture is so kind, they don’t really like to say, ‘No,’” he says. “And I don’t ever want to come across as like I’m shading San Francisco or the United States in general. Since choosing to relocate to Colombia, Bennett has noticed a considerable change in his overall wellbeing and says he couldn’t be happier with how things have turned out.

Persons: Jason Bennett, “, couldn’t, Bennett, ”, ” Bennett, Jason Bennett Bennett, San, he’d, “ You’ve, ’ ” Bennett, Jen, who’s, Pablo Escobar, Medellín, ” He’s, he’s, you’re, I’m, “ It’s, It’s, Uber, He’s, hasn’t, “ I’ve, …, Bennett, I’ve Organizations: CNN, Gap Inc, Medellín, True Star Consulting, of, ”, World Health Organization, Colombian, US State Locations: San Francisco, Bay, American, Colombia, Lebanon, India, Estonia, Argentina, Lisbon, Portugal, Cartagena, Medellín, Castropol, Medellín’s El Poblado, Miami, America, United States, ”, Japan, Medellin, Francisco, Bogota, Cali

CNN —The US carried out a round of strikes in Yemen against the Iran-backed Houthis on Wednesday evening, according to three US defense officials, targeting weapons storage facilities, including underground facilities. The strikes were carried out by B-2 Spirit bombers, according to one of the officials, marking the first time the US has used the strategic stealth bomber to attack the Houthis in Yemen since the beginning of the US campaign. Over the past year, the US has repeatedly struck or intercepted Houthi drones and missiles in an effort to protect ships and degrade the Houthi arsenal. In September, the Houthis claimed to have launched approximately two dozen ballistic and cruise missiles and drones against three US destroyers. The Israeli military said on the latter attack, Israel had intercepted a surface-to-air missile fired from Yemen toward central Israel.

Persons: Sabrina Singh, “, ” Singh, ”, ” CENTCOM, Benjamin Netanyahu, Israel Organizations: CNN, US, Pentagon, Israel Defense Forces Locations: Yemen, Iran, Aden, Israel, Lebanon, Hamas, Gaza

☆ Here are Wednesday's biggest analyst calls: Nvidia, Apple, Tesla, Starbucks, Disney, Microsoft, Cisco, Coinbase & more
▼ + stars: | 2024-10-16 | by ( Michael Bloom | ) www.cnbc.com time to read: +7 min

Wells Fargo reiterates Citi as overweight The firm said Citi remains a number one pick following earnings on Tuesday. Citi reiterates JB Hunt as a top pick Citi said the shipping giant remains a top pick following earnings on Tuesday. Citi upgrades Cisco to buy from neutral Citi says AI will play a bigger role in Cisco's future than investors assume. Bank of America upgrades Corteva to buy from neutral The firm said the ag chemical company has numerous tailwinds ahead. Citi reiterates Coinbase as buy The firm lowered its price target on the stock to $275 per share from $345.

Persons: Fargo, Goldman Sachs, Wells, Baird, Grainger, Jefferies, Rapid7, GTM, JB Hunt, JBHT, it's bullish, Bernstein, Tesla, it's, GOOG, TD Cowen, Yum, Cowen, Taco Bell, Morgan Stanley, Piper Sandler, Walt Disney, Guggenheim, HSBC downgrades Estee Lauder, Estee Lauder, Coinbase Organizations: Citi, FAST, BMO, Microsoft, Netflix, Autodesk, Nvidia, Barclays, Apple, DoJ, UBS, California Resources, CRC, Chord Energy, Yum Brands, Taco, Taco Bell, Disney, Walt, Cisco, HSBC downgrades, HSBC, Bank of America, Qualcomm Locations: China, Greater China

☆ Holiday shopping season: An early look at how retail stores and e-commerce are getting ready for the rush
▼ + stars: | 2024-10-16 | by ( Lori Ann Larocco | ) www.cnbc.com time to read: +3 min

The consumer continues to look healthy and the supply chain has regained stability as the holiday shopping season begins. "Across the board, we are seeing volumes very similar to what we've seen in past years, especially last year," said Kelleher. Amazon recently announced its plan to hire 250,000 additional workers for the holiday season, the same seasonal hiring level as last year. "This will achieve some cost efficiencies in getting that volume out because of inflation and cost," he said. "So typically, Cyber Monday is a heavy volume day," Kelleher said.

Persons: Patrick Kelleher, we've, Kelleher, " Kelleher Organizations: DHL Supply, North, CNBC, Freight, National Retail Federation Locations: North America

Amazon also announced a Kindle Scribe redesign, plus new generation models of the Kindle Paperwhite and base Kindle. Amazon Kindle Colorsoft Signature Edition The Kindle Colorsoft is Amazon's first color e-reader. Check price at AmazonAmazon Kindle Paperwhite (2024) Amazon's latest Kindle Paperwhite offers even faster performance than its predecessors in the same thin, waterproof form readers love. AdvertisementKindle Paperwhite (12th Generation)The new Kindle Paperwhite offers higher contrast than ever. AmazonAmazon’s fastest and most popular Kindle is about to get even faster with the 2024 Kindle Paperwhite.

Persons: It's, Scribe, It’s Organizations: Business, Kindle, Amazon hasn’t, Scribe Locations: Kindles

☆ Giant pandas from China arrive in US on loan to National Zoo
▼ + stars: | 2024-10-15 | by ( Nectar Gan | ) edition.cnn.com time to read: +6 min

His mother, Bao Bao, was born a celebrity at the National Zoo in 2013 and returned to China four years later. His grandparents, Meixiang and Tian Tian, lived at the zoo for 23 years until their lease ended last year. It went offline last November, when Mei Xiang, Tian Tian and their youngest cub Xiao Qi Ji left for China. And for the first time in 23 years, the giant panda exhibit at the National Zoo had become empty. “Our team and legions of fans look forward to welcoming Bao Li and Qing Bao to the Smithsonian’s National Zoo.”

Persons: Bao Li, Qing Bao, China’s, Bao Bao, Meixiang, Tian Tian, Tom Booth, ”, Mariel Lally, Lally, Bao Li’s, they’re, ” Lally, doesn’t, “ She’s, Richard Nixon’s, Pat Nixon, Weeks, Ling Ling, Hsing Hsing, Cam, Mei Xiang, Xiao Qi Ji, Evelio Contreras, Qing, Ren Zhijun, Bao, Jin Tao, Brandie Smith, ” Smith, “ Organizations: DC CNN, FedEx, Panda, Washington Dulles Airport, Dulles International, National Zoo, CNN, US, Beijing Zoo, China's National Forestry and Grassland Administration, Washington, Smithsonian, Washington DC Locations: Washington, China, Beijing, China’s, Sichuan, Dujiangyan, Communist China

☆ Google Shopping just got an AI makeover
▼ + stars: | 2024-10-15 | by ( Ana Altchek | ) www.businessinsider.com time to read: +4 min

Google Shopping has added a number of new features in recent years. Google Shopping now has AI Overviews-like briefing to provide more context to users on what they're looking to buy. The shopping feed considers inputs from Google surfaces including your shopping activity on Chrome, Search, YouTube and Discover, a Google spokesperson told Business Insider. "We can show you the best of what Gemini and the Google shopping graph have a recommendation for you." Google previously introduced a virtual try-on feature to Google Shopping and recently extended the tool to dresses.

Persons: —, Lilian Rincon, Rincon Organizations: Google, Service, YouTube, Google Google Locations: Seattle, Pinterest

☆ The Panda Factories
▼ + stars: | 2024-10-15 | by ( Mara Hvistendahl | Joy Dong | ) www.nytimes.com time to read: +30 min

They show that, from the beginning, zoos saw panda cubs as a pathway to visitors, prestige and merchandise sales. Panda keepers with cubs at the Chengdu Research Base of Giant Panda Breeding, in China, in 2022. A Chinese giant panda at the Panda Park in Al Khor, in Qatar, in 2022. Smithsonian Institution Archives A panda wakes up from anesthesia in March 1999 during a seminal study by American and Chinese researchers into panda breeding. Smithsonian Institution Archives Giant panda Mei Xiang taken out of the China Conservation and Research Center for the Giant Panda in Wolong, Sichuan Province, in 2000, for shipment to the National Zoo in Washington.

Persons: Ariana Drehsler, Kati Loeffler, “, ’, Loeffler, Kimberly Terrell, ”, Terrell, Soraya, Xin Bao, zookeepers, Richard M, Nixon, Pat Nixon, Annalisa Meyer, Melissa Songer, Heather Bacon, Bacon, Don Kohlbauer, JoGayle Howard, Darting, Howard, Ping Ping, Thomas Hildebrandt, Dr, Hildebrandt, Lei Lei, Meyer, Lung Yuan Chih, Lung, James Ayala, . Hildebrandt, Ayala, interjected, Mei Xiang, Ken Cedeno, Tian Tian, Xiang, David Wildt, Mei, Mei Xiang vomited, Qi Ji, Agnes Bun, scrawled, Pierre Comizzoli, Mads Frost Bertelsen, Meng Lan, Su Weizhong Organizations: Zoo Washington, Factories, Chengdu Research Base, Archives San Diego Zoo, The New York Times Chengdu Research Base, China, National Zoo, New York Times, Smithsonian Institution, Times, Pandas, Agence France, Memphis Zoo, Tulane University, Smithsonian, San Diego Zoo, The New York, Smithsonian . Pandas, Zoo, Associated Press, University of Central, Bear Care Group, China Conservation and Research Center, San Diego Union Tribune, Feature, Future Publishing, Getty, U.S . Fish, Wildlife Service, ”, Leibniz Institute for Zoo, Wildlife Research, National Zoo Washington, Institution Archives Chengdu Research Base, Breed, The New York Times, Beijing Zoo, Tsinghua University, Animal Studies, Visitors, New York Times China Conservation and Research Center, Smithsonian National, Associated, Smithsonian’s, and Wildlife Service, National, Fujifilm, Smithsonian Institution Archives, Reuters, Smithsonian Channel, “, Copenhagen Zoo Locations: China, Chengdu, Sichuan, Archives San Diego Zoo California, Washington, Louisiana, Japan, San Diego, San Francisco, Indonesia, Qatar, Al Khor, University of Central Lancashire, England, U.S, San, Fuzhou, United States, Feature China, Sichuan Province, Beijing, Berlin ., Wolong, Taiwan, American, estrus, New York Times China, Europe, Washington ,, Washington , DC, Beijing Zoo Beijing

☆ Bob Woodward issues a stark warning on Trump weeks from Election Day
▼ + stars: | 2024-10-15 | by ( Peter Bergen | ) edition.cnn.com time to read: +17 min

As has been the case for previous Woodward books, those who don’t come out well from his reporting publicly dismiss it. Woodward notes that neither Biden nor Trump spoke to him for this book, but he still got great access. It’s clear from a close reading of “War” that almost every top national security official in the Biden administration spoke with him. The Biden administration has halted the shipment of massive 2,000-pound bombs to Israel, but otherwise, the large flow of American weapons to the Jewish state continues. Coats told Woodward, “It’s still a mystery to me how he deals with Putin and what he says to Putin.

Persons: Bob Woodward, Woodward, ”, Donald Trump, Vladimir Putin, Trump, Putin, Joe Biden, Barack Obama, “, Barack, ” Putin, Biden, CNN’s Jim Sciutto, it’s, Bush, ” Woodward, Robert Woodward, Nixon, Richard Nixon, … Trump, ” Biden, Bill Burns, Burns, Eric Green, Green “, ” Green, Here’s, Vadim Ghirda, Russia ”, Benjamin Netanyahu, Brendan Smialowski, Yahya Sinwar, Netanyahu, ” —, ” Netanyahu, Antony Blinken’s, Blinken, hasn’t, Kamala Harris, Defense Lloyd Austin, Jake Sullivan, Harris, “ Tell Bibi, Anna Moneymaker, Joe, “ Bibi, Dan Coats, Coats, “ It’s, …, ” Trump Organizations: CNN, Washington Post, New York Times, Trump, White, Biden, United Nations, Pentagon, CIA, National Security, NATO, Ukraine, Turks, Russia, West Bank, Gaza Health Ministry, Israel, UN, Getty, Hamas, US, Brown University, Defense, ”, Prince George’s Community College, Intelligence Locations: Russian, Ukraine, Crimea, Afghanistan, Gaza, Russia, Woodward, Kyiv, Sweden, Finland, Kursk, Israel, Lebanon, Syria, Yemen, Tel Aviv, AFP, Iran, Rafah, Largo , Maryland, Scranton, Delaware

☆ Stocks making the biggest moves after hours: United Airlines, J.B. Hunt and more
▼ + stars: | 2024-10-15 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +1 min

United Airlines — The travel stock dipped less than 1% despite United's third-quarter report beating estimates on the top and bottom lines. United reported adjusted earnings of $3.33 per share on $14.84 billion of revenue. Interactive Brokers — Shares of the brokerage firm fell more than 3% after third-quarter earnings missed expectations. J.B. Hunt Transport Services — The freight shipping company surged 8% after beating third-quarter estimates on the top and bottom lines. J.B. Hunt reported earnings of $1.49 per share on $3.07 billion of revenue.

Persons: LSEG, . Hunt Organizations: . United Airlines —, United, Interactive, Hunt Transport Services

☆ The Oura Ring 4 is sleek and easy to wear but scratches easily. Here's what it's like
▼ + stars: | 2024-10-15 | by ( Ashley Capoot | In | ) www.cnbc.com time to read: +8 min

The Oura Ring 4. On the whole, the Oura Ring 4 is comfortable to wear and its app is easy to navigate. Ashley CapootI had never worn an Oura Ring before, so the entire experience was new to me. Silver jewelry has always been my preferred style, so I picked the silver Oura Ring 4 to match my accessories. The My Health tab gives users access to longer-term insights such as heart health, sleep health and resilience, a metric that measures your ability to recover from stress over time.

Persons: Ashley Capoot, Oura, I've, it's Organizations: Apple

☆ A small robotics company says Elon Musk's 'Robovan' and 'Starship' are great names — except it got trademarks for them first
▼ + stars: | 2024-10-15 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +4 min

Starship Technologies filed trademarks for "Starship" and "Robovan" before SpaceX and Tesla did. AdvertisementRobotic startup Starship Technologies has a few things in common with Elon Musk's rocket company, SpaceX, and EV giant Tesla. Musk first showcased the Tesla Robovan on October 10 in Burbank, California, during Tesla's "We, Robot" event. According to United States Patent and Trademark Office records, Starship filed trademarks for "Starship" and "Robovan" in July 2015 and July 2017, respectively. AdvertisementIn October 2023, a legal marketing agency called X Social Media sued Musk's social media platform X in federal court in Florida.

Persons: Tesla, Elon Musk's, —, Tesla's, Musk Organizations: Starship, SpaceX, Service, Technologies, Elon Musk's, United States Patent, Starship Technologies, Belgium Brewing Company, Harbor, X Social Media, X Corp, Reuters, BI Locations: Burbank , California, Colorado, Florida, California

☆ Apple hits an all-time high as new smartphone data sides with the bulls in a sea of negativity
▼ + stars: | 2024-10-15 | by ( Morgan Chittum | ) www.cnbc.com time to read: +5 min

Shares hit an all-time high Tuesday despite a chorus of recent concerns from Wall Street analysts about demand for the new artificial intelligence-enabled iPhone 16. Apple Intelligence is the company's new suite of generative artificial intelligence tools due out later this month. Available for preorder now, the tablet has a processor capable of supporting Apple Intelligence. Big picture The IDC data comes as many on Wall Street express skepticism around sales for the new iPhone 16 lineup. Apple CEO Tim Cook inspects the new iPhone 16 during an Apple special event at Apple headquarters on September 09, 2024 in Cupertino, California.

Persons: Morgan Stanley, Apple's, Popal, swoon, Jim Cramer, Jim, Jim Cramer's, Tim Cook, Justin Sullivan Organizations: Apple, Wall Street, International Data Corporation, IDC, Samsung, Apple Intelligence, JPMorgan, Barclays, Bank of America, Club, Nvidia, U.S, CNBC Locations: U.S, Cupertino , California

☆ Asia-Pacific markets open higher after key Wall Street benchmarks hit record highs
▼ + stars: | 2024-10-15 | by ( Dylan Butts | ) www.cnbc.com time to read: 1 min

The port at Busan, South Korea, in 2020. South Korea and Japan are especially dependent on shipping lanes that traverse the South China Sea, linking them to the Indian Ocean, Persian Gulf and beyond. Asia-Pacific markets opened higher Tuesday, following gains on Wall Street that saw the Dow Jones Industrial Average and the S&P 500 Nasdaq Composite reach new record highs. Investors assessed trade data out of South Korea, which showed a trade surplus of $6.7 billion in September, up from $3.7 billion in the previous month. South Korea's Kospi opened 0.05% higher, while the small-cap Kosdaq was up 0.4%.

Persons: Australia's Organizations: Dow Jones Industrial, Nasdaq, Kospi, Nikkei Locations: Busan, South Korea, Japan, China, Persian Gulf, Asia, Pacific

☆ China's exports and imports grew far less than expected in September
▼ + stars: | 2024-10-14 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +1 min

BEIJING — China's exports grew by 2.4% in September from a year ago in U.S. dollar terms, while imports rose by 0.3%, customs data showed Monday. China's exports were forecast to have risen by 6% year-on-year in September in U.S. dollar terms, according to a Reuters poll. Imports were expected to have climbed by 0.9% in September from a year ago, according to the Reuters poll. Exports had been a bright spot in China's economy, which has been weighed down by lackluster consumer spending and a real estate slump. China's exports to the U.S., its largest trading partner, rose by 2.2% in September from a year ago, while imports from the U.S. climbed by 6.7%, according to CNBC's analysis of official data.

Organizations: Imports, Reuters, Exports, U.S Locations: Port, Shanghai, China, BEIJING, U.S

☆ Don't expect as many Starbucks deals this year under its new CEO
▼ + stars: | 2024-10-14 | by ( Dominick Reuter | ) www.businessinsider.com time to read: +2 min

Starbucks is reversing a push into frequent promos on drinks and snacks, The Wall Street Journal said. It's part of CEO Brian Niccol's effort to reestablish the brand's upscale, premium vibe, it added. Narasimhan said on an earnings call earlier this year that 60% of the company's sales were from the nearly 34 million Starbucks Rewards members. Multiple baristas previously told BI that the size and frequency of rewards deals were getting out of hand. In curbing its discounts, Starbucks is bucking a wider retail trend that has seen companies such as McDonald's, PepsiCo, and Walmart cut prices.

Persons: Brian Niccol's, —, Laxman Narasimhan, Narasimhan, Sara Senatore Organizations: Starbucks, Street Journal, Service, Business, PepsiCo, Walmart, Global Research

☆ They’re cute, cuddly and coming to America: China’s newest panda diplomats headed for Washington
▼ + stars: | 2024-10-14 | by ( Nectar Gan | ) edition.cnn.com time to read: +11 min

Bao Li and Qing Bao were taken off public display and placed in quarantine on September 13 – a day after Qing Bao turned three years old. Bao Li and Qing Bao spent their last few days in Dujiangyan getting trained for their first long-haul flight. The zoo’s 24-hour Giant Panda Cam has garnered more than 100 million page views since its launch in 2000. “Giant pandas truly represent how great conservation outcomes can be achieved through great partnerships and with public support,” she said. “The international cooperation on giant pandas holds great significance,” the center said, adding that it had clarified such rumors multiple times.

Persons: Bao Li, Qing Bao, China’s, Tom Booth Qing Bao, Tom Booth, Bao, Brandie Smith, ” Smith, “, Bao Bao, Meixiang, Tian Tian, ”, Mariel Lally, “ Bao Li, Tian Tian Junior, Lally, –, Ren Zhijun, ” Ren, Evelio Contreras, CNN Ren, Ren, it’s, ” Lally, “ They’re, Richard Nixon’s, Pat Nixon, Zhou Enlai, Weeks, Ling Ling, Hsing Hsing, Cam, Mei Xiang, Xiao Qi Ji, Xi Jinping, Smith, influencers, Ya, Giant Panda Organizations: China CNN, FedEx Boeing, China Wildlife Conservation Association, CNN, Staff, Washington, Smithsonian, Washington DC, Zoo, National Zoo, US, Beijing Zoo, Memphis, San Diego Zoo, National, Memphis Zoo, China Conservation and Research Center, Giant Locations: Dujiangyan, China, Washington, Sichuan, Communist China, Beijing, San Diego, Atlanta, America, Europe, San Francisco

☆ Russia's oil trade is rising as record volumes of Russian crude are carried on 'dark fleet' vessels
▼ + stars: | 2024-10-14 | by ( Lori Ann Larocco | ) www.cnbc.com time to read: +7 min

According to Clearview Energy Partners, Russian crude prices over the last four weeks have averaged about six cents below the Brent crude price. Record volumes of sanctioned Russian oil were carried by the "dark fleet" and known sanctioned tankers without known insurance over September, according to a recent report from Lloyd's List. The Price Cap Coalition continues to engage with industry to ensure compliance with the price cap and to increase Putin's costs of going outside it." The increased use of dark fleet vessels comes with greater maritime safety and environmental risks. Insurance giant Allianz said in May that dark fleet tankers had been linked to more than 50 accidents.

Persons: Kevin Book, Vortexa, Avebury, Andy Lipow, Putin, Lipow Organizations: Windward, Clearview Energy Partners, CNBC, European Union, Brent, Intelligence, Iranian Tanker Co, U.S . Office, Foreign, Control, Lipow Oil Associates, Treasury, Kremlin, Coalition, Group, Insurance, Allianz Locations: Morocco, U.S, Ukraine, Australia, India, China, Russian, Barbados, Seychelles, UAE, Avebury Shipmanagement . Greece, Russia, United States, Iran, Israel, Straits, Hormuz, Canada, Guyana

☆ Efforts by the US to counter China in the South China Sea could backfire
▼ + stars: | 2024-10-12 | by ( Thibault Spirlet | ) www.businessinsider.com time to read: +10 min

The US has played a key role in countering China in the South China Sea. They "want a Goldilocks situation in the South China Sea — not too hot, not too cold," he added. A China Coast Guard ship, at right, sails past the Philippine Coast Guard ship BRP Cape Engaño on August 26, 2024. AdvertisementASEAN held its annual summit in Laos this week, in part to discuss territorial tensions in the South China Sea. A Philippine Coast Guard vessel and a Chinese Coast Guard vessel during an incident in the South China Sea on August 19, 2024.

Persons: —, Bill Hayton, Antony Blinken, Hunter Marston, Omar Zaghloul, Bush, Marston, George W, Obama, Trump, Biden, It's, Martson, Gregory B, Poling, Chatham House's, Samuel Paparo, Hayton, Sabina, REUTERS Poling, Mutual Defense Treaty, of National Defense Gilberto Teodoro Organizations: US, Service, Chatham, South China, China Coast Guard, Philippine Coast Guard, BRP, ROSA, Getty, ASEAN, Southeast, Australian National University, Coral Bell School of Asia, Pacific Affairs, Anadolu Agency, Center for Strategic, Studies, Asia Program, Transparency Initiative, Pacific Command, US National Bureau of Economic Research, coastguard, Coast Guard, Chinese Coast Guard, REUTERS, Mutual Defense, CBS, of National Defense Locations: China, South China, Philippines, South, Asia, Chatham House's Asia, BRP Cape Engaño, AFP, Laos, Filipino, United States, Singapore, Vietnam, Malaysia, Indonesia, Cambodia, Brunei, Pacific, Chatham House's Hayton, Philippine, Taiwan, Hong Kong, West Philippine, Weibo, Handout, Poling, Ukraine

☆ A portfolio manager at a $21 billion firm warns the odds of a recession have risen to 40% from 20% as inflation and geopolitical concerns surge — and shares where he's investing
▼ + stars: | 2024-10-12 | by ( Christine Ji | ) www.businessinsider.com time to read: +5 min

Zehrid Osmani, a portfolio manager at the $21 billion investment manager Martin Currie, has actually increased his recession odds. US-China tensions are escalating over Taiwan, home to the world's largest semiconductor foundry, Taiwan Semiconductor Manufacturing Company. Osmani sees what he calls "seismic thematic shifts" in these areas. And Osmani sees potential for parts of the market driving the energy transition, such as alternative energy and electric vehicles. AdvertisementHis top picks include Nvidia (NVDA), Microsoft (MSFT), chemical company Linde plc (LIN), and industrial manufacturing company Atlas Copco (ATLKY).

Persons: Martin Currie, —, Goldman Sachs, Jan Hatzius, Zehrid, Currie, hasn't, Osmani Organizations: Service, Technology, Taiwan Semiconductor Manufacturing Company, Semiconductors, Nvidia, Microsoft, Linde, LIN, Atlas, Martin Currie Global Portfolio Trust Locations: Europe, Russia, Ukraine, Israel, China, Taiwan

☆ Musk unveils $30,000 Tesla self-driving Cybercab and larger Robovan at robotaxi event
▼ + stars: | 2024-10-11 | by ( Lora Kolodny | ) www.nbcnews.com time to read: +4 min

After a decade of unfulfilled promises about driverless vehicles, Tesla CEO Elon Musk hyped the company’s Cybercab concept on Thursday night, showing off a low, silver two-seater with no steering wheels or pedals. Musk offered no details about exactly where Tesla plans to produce the cars, but said consumers would be able to buy a Tesla Cybercab for below $30,000. He said the Cybercab and Robovan would employ inductive charging, meaning these autonomous vehicles could roll up to a station to recharge, with no plugging in required. Musk has spent years touting Tesla’s work in autonomous cars and promising that they would hit the market. In 2015, Musk told shareholders that Tesla cars would achieve “full autonomy” within three years.

Persons: Elon Musk, Musk, Tesla, “ It’s, ” Musk, ”, “ Organizations: Tesla, Warner Bros, FSD Locations: Burbank , California, Texas, California, U.S

☆ French budget surprises with focus on tax hikes as analysts warn of ratings downgrades
▼ + stars: | 2024-10-11 | by ( Jenni Reid | ) www.cnbc.com time to read: +5 min

watch nowFrance's newly-installed government on Thursday presented a draft budget containing 60 billion euros ($65.6 billion) in tax hikes and spending cuts, as analysts warned the package may not be enough to stave off ratings downgrades for the economy. The 2025 budget features a greater focus on tax-raising measures than some were expecting. "The problem is when you have to find 60 billion, we have never found 60 billion in one year, it would be unprecedented, and that's why it's not very credible to find so huge an amount, especially with only a very fragile relative majority." Tax focusThe policy mix underpinning the 2025 budget is "less skewed towards spending cuts and more geared towards tax increases than we anticipated," analysts at Goldman Sachs said in a note Friday. French Minister for the Economy, Finance and Industry Antoine Armand arrives at the Elysee presidential palace to attend the weekly cabinet meeting, during which France's 2025 budget was presented, on October 10, 2024 in Paris.

Persons: Camatte, CNBC's, Michel Barnier, Barnier, Goldman Sachs, Industry Antoine Armand, Ludovic Marin, Erik, Jan van Harn Organizations: Union, Goldman, Economy, Finance, Industry, Afp, Getty, CNBC, Rabobank Locations: France, Belgium, Natixis, Paris, Europe

☆ A string of failures ended with 2 Navy SEALs drowning on a dangerous mission to intercept smuggled weapons, investigation finds
▼ + stars: | 2024-10-11 | by ( Jake Epstein | ) www.businessinsider.com time to read: +6 min

Two US Navy SEALs drowned during a January raid on a vessel smuggling weapons to the Houthis. A new investigation outlines a string of failures that led to that fatal outcome. AdvertisementTwo US Navy SEALs drowned during a raid to intercept smuggled weapons off the coast of Somalia earlier this year. An investigation found that their deaths were preventable and were ultimately caused by a string of failures in the lead-up to the dangerous mission. Their names were redacted in the investigation, but the Navy has already identified them as the two SEALs who died.

Persons: —, Christopher Chambers, Nathan Gage Ingram, Adm, George M, Lewis B, Puller, Chambers, Ingram, Michael Kurilla Organizations: US Navy, Service, US Naval Forces Central Command, Command, US, Navy, Special Warfare, Warfare, Tactical Locations: Somalia, Iran, Yemen, Gulf of Aden

☆ These stocks were the big winners this week and analysts see more good times ahead
▼ + stars: | 2024-10-11 | by ( Brian Evans | ) www.cnbc.com time to read: +2 min

A handful of stocks stood out as the biggest winners on Wall Street this week, and analysts think they have more room to run. Consensus price targets from analysts polled by LSEG imply 16% upside for shares moving forward. Super Micro Computer also made the list, with shares of the information technology stock up nearly 16% on the week. Analysts polled by LSEG forecast upside of nearly 62%, per their consensus price targets. Consensus forecasts from analysts polled by LSEG forecast about 19% upside moving forward.

Persons: Wells Fargo, Dow Jones, Stocks, LSEG, Andrew Didora Organizations: JPMorgan Chase, CNBC Pro, Bank of America, Computer, Nvidia, LSEG

☆ Ozempic is driving up the cost of your health care, whether you can get your hands on it or not
▼ + stars: | 2024-10-11 | by ( Jessica Dickler | ) www.cnbc.com time to read: +2 min

About 165 million Americans rely on employer-sponsored health insurance and yet, workers may still not get the coverage they want — particularly when it comes to drugs like Wegovy and Novo Nordisk's diabetes drug Ozempic. One in three employees are looking for more resources to combat obesity, according to a recent report by consulting firm Gallagher. Glucagon-like peptide-1 treatments such as Wegovy and Ozempic, which mimic hormones produced in the gut to suppress a person's appetite, are considered game changers on this front. Already, prescription drug costs jumped 8.6% last year, due in part to a surge in the use of GLP-1 drugs, according to a recent report by Mercer. "It becomes a lifelong drug," said Gary Kushner, chair and president of Kushner & Company, a benefits design and management company.

Persons: Gallagher, Trilliant, Mercer, Sunit Patel, actuary, Gary Kushner Organizations: Finance, Security, Kushner & Company Locations: U.S, Mercer's

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