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☆ Beware McDonald's, but these other restaurant stocks look attractive, says Katie Stockton
▼ + stars: | 2024-10-28 | by ( Katie Stockton | ) www.cnbc.com time to read: +8 min

—Katie Stockton with Will Tamplin Access research from Fairlead Strategies for free here . Fairlead Strategies Disclaimer: This communication has been prepared by Fairlead Strategies LLC ("Fairlead Strategies") for informational purposes only. Securities, investment products, other financial products or strategies discussed herein may not be suitable for all investors. The recipient of this information must make its own independent decisions regarding any securities, investment products or other financial products mentioned herein. This material is not to be reproduced or redistributed absent the written consent of Fairlead Strategies.

Persons: Jack, JACK, Katie Stockton Organizations: McDonald's Corp, Brands Inc, CNBC, NBC UNIVERSAL, Fairlead, CNBC Pro, Securities

☆ GOP’s aggressive legal election strategy has more than 130 cases
▼ + stars: | 2024-10-28 | by ( Tierney Sneed | Devan Cole | ) edition.cnn.com time to read: +12 min

Democrats had warned the new rules around certification could allow local election officials to delay or altogether decline to certify the election results as they searched for purported fraud or irregularities. Key GOP state officials, including Secretary of State Brad Raffensperger, had also opposed the new rules. Republican state officials have launched an emergency appeal in Virginia, while Trump has attempted to play up the ruling for political gain. A Republican lawsuit led to a settlement with Detroit election officials that affirmed that there would be at least one GOP poll watcher in each precinct. But in Wisconsin, a judge rejected a lawsuit there to force election officials to hire more GOP poll workers in Racine.

Persons: —, it’s, Donald Trump’s, they’re, Leah Tulin, Brennan, ” Tulin, ”, Republicans ’ “, Claire Zunk, Jocelyn Benson, Kamala Harris, Brad Raffensperger, Joe Biden’s, Trump Organizations: CNN, Republican, GOP, Republicans, Brennan Center for Justice, New York, Republican National Committee, CNN Republicans, Pennsylvania Supreme, Michigan Republicans, Democrat, Trump, Board, Department, Nevada GOP, America, Policy Institute, Democratic, RNC, House, of North, of North Carolina Chapel Hill Locations: In Pennsylvania, Pennsylvania, Nevada, Mississippi, Georgia, Arizona, Arizona , Georgia, Michigan, Alabama, Virginia, Detroit, Wisconsin, Racine, Pennsylvania , Michigan, North Carolina, of North Carolina, Nebraska

☆ Using options to trade two cosmetics competitors with a lot on the line this month
▼ + stars: | 2024-10-28 | by ( Michael Khouw | ) www.cnbc.com time to read: +6 min

Beauty and Estée Lauder are well-known companies in the beauty and cosmetics industry. Their customers generally have higher disposable incomes, as Estée Lauder is a luxury brand emphasizing premium, high-quality ingredients. Estée Lauder combines a traditional retail model with a growing e-commerce presence. Estee Lauder has fallen roughly 45% over the past seven months. ELF EL YTD mountain Estee Lauder vs. elf Beauty, YTD e.l.f.

Persons: Estée Lauder, Gen X, Nordstrom, Estee Lauder, Trump Organizations: Target, Walmart, Presidential, CNBC, NBC UNIVERSAL Locations: U.S, North America, United States, Asia, Europe, Americas, China, Estee

☆ Meta technicals show stock has room to run, says Oppenheimer's Ari Wald
▼ + stars: | 2024-10-28 | 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 EmailMeta technicals show stock has room to run, says Oppenheimer's Ari WaldAri Wald, head of technical analysis at Oppenheimer, joins CNBC's 'The Exchange' to discuss expectations for Meta ahead of earnings, technicals supporting the valuation, and more.

Persons: Oppenheimer's Ari Wald Ari Wald, Oppenheimer Organizations: Meta

☆ Here are Monday's biggest analyst calls: Nvidia, Apple, Tesla, Spotify Walmart, Nio, Broadcom Roblox & more
▼ + stars: | 2024-10-28 | by ( Michael Bloom | ) www.cnbc.com time to read: +8 min

Morgan Stanley initiates FrontView REIT as overweight Morgan Stanley said the commercial real estate investment trust company is well positioned. " Morgan Stanley downgrades Global Foundries to equal weight from overweight Morgan Stanley said it sees rising competition for the semis company. " Morgan Stanley upgrades Nutanix to overweight from equal weight Morgan Stanley said the cloud computing software company is well positioned. " Morgan Stanley downgrades Ciena to equal weight from overweight Morgan Stanley said it sees a more balanced risk/reward for the networking and systems software company. Wedbush adds Roblox to the best ideas list The firm said it sees robust revenue growth ahead.

Persons: Cantor Fitzgerald, Morgan Stanley, FrontView, Baird, AAON, Canaccord, Tesla, Jefferies, NTNX, Wells, Raymond James downgrades, Wolfe, DOV, Morgan Stanley downgrades Ciena, Piper Sandler, Bowlero, Piper, Goldman Sachs, Goldman, it's bullish, Marcellus, Bernstein, SARO, Stifel downgrades, Oppenheimer, Monness Crespi Hardt, Coinbase, Stifel, it's Organizations: Nvidia, Broadcom, MU, JPMorgan, Apple, Dell, Cisco, Spotify, Honeywell, Walmart, " Bank of America, Antero Resources, Bank of America, Macquarie, China EV, Stifel downgrades Colgate, Palmolive, Colgate, Commerce, ~$ Locations: AVGO, 1H25, Dover, Appalachia, Utica, West Virginia

☆ Canaccord raises its price target on Tesla, says post-earnings rally will continue
▼ + stars: | 2024-10-28 | by ( Sean Conlon | ) www.cnbc.com time to read: +1 min

A few catalysts have set Tesla up for more outperformance in the coming months, according to Canaccord Genuity. Analyst George Gianarikas, who has a buy rating on the electric vehicle maker, hiked his price target by $20 to $298. "Tesla's stock underperformed since the beginning of 2022 as [profit and loss] trends deteriorated," he continued. "Longer term, Tesla also has a generational set of growth opportunities ahead, including EVs, autonomy/AI, energy storage, and robotics," he said. TSLA YTD mountain TSLA, year-to-date Shares were marginally higher in the premarket following the move.

Persons: Canaccord, George Gianarikas, Gianarikas, Tesla, Elon Musk Locations: 1Q24

☆ How national security panics in Russia could stifle innovation and hurt its economy
▼ + stars: | 2024-10-27 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +6 min

Spy mania in Russia has created an environment that's stifling innovation, sources told BI. "You do have an inhibition on risk-taking, innovation," Portes told BI on the intensifying pursuit of foreign agents in Russia. Russia's economy is showing some signs that the kind of risk-taking associated with innovation and entrepreneurship is on the decline. Innovation in Russia has fallen behind the nation's level of development, according to a 2024 ranking from the World Intellectual Property Organization. We have plenty of examples in history where a war economy can keep on going, even though everything is crumbling around it.

Persons: —, Ivan Pavlov, Pavlov, Richard Portes, Portes, Sergei Guriev, Guriev, Constant Organizations: Service, Human Rights Watch, London Business School, Intellectual, Organization, Russian, Russia, World Bank Locations: Russia, Russian, Europe, Moscow, Ukraine

☆ What Harris and Trump are proposing for the economy
▼ + stars: | 2024-10-27 | by ( Tami Luhby | Katie Lobosco | ) edition.cnn.com time to read: +21 min

CNN —Former President Donald Trump and Vice President Kamala Harris have laid out a broad array of ideas aimed at making life more affordable and strengthening the economy, which rank at the top of voters’ concerns. Both Trump and Harris have rolled out pricey provisions without specifying how they would cover the cost. Though his campaign hasn’t released details on the proposal, Trump has indicated that he would eliminate both federal income taxes and payroll taxes, which fund Social Security and Medicare. Around half of beneficiaries – mainly those with higher incomes – pay federal income tax on their Social Security payments. Harris’ plan would also accelerate the speed of Medicare’s drug price negotiations so that the costs of more medications come down faster.

Persons: Donald Trump, Kamala Harris, hasn’t, Harris, Harris ’, Trump, Joe Biden’s, Biden, Sen, JD Vance, Trump’s, ” Harris, USMCA, ” Trump, He’s, Elon Musk, John Deere, ” Vance Organizations: CNN, Trump, Yale University, Security, Social Security, Center, Social, Rescue, Medicare, GOP, Biden, Republican Party, ” Invest, America, Federal Reserve, American Locations: Nevada, Las Vegas, Mexico, Canada, Texas, Florida, Harris, Midwest

☆ Alleging ‘Russian special operation,’ Georgian president calls for protests over disputed election
▼ + stars: | 2024-10-27 | by ( Jill Dougherty | ) edition.cnn.com time to read: +4 min

Ivanishvili had vowed to ban the opposition if his party won the election, and his opponents are taking him at his word. On Saturday, as Georgians cast their ballots, thousands of Georgian and international election observers fanned out to voting precincts across the country, from urban centers to poor, remote villages in the Caucasus mountains, trying to evaluate whether the vote was free and fair. Throughout election day, video of violations, some of them egregious, like a man boldly jamming ballots into a ballot box, spread quickly. “She is on the right side of history,” said opposition politician Nika Gvaramia. The illiberal leader has found common cause with Georgia’s ruling party and was the first international leader to congratulate them after the election – even before the votes were officially tallied.

Persons: Georgia CNN —, Salome Zourabichvili, “, Georgia …, ”, oligarch Bidzina Ivanishvili, Ivanishvili, ISFED, John Shimkus, Margareta Cederfelt, Zourabichvili, Nika Gvaramia, Elene Khoshtaria, isn’t, Viktor Orban Organizations: Georgia CNN, Georgian, International Republican Institute, National Democratic Institute, International Society for Fair Elections, Democracy, “ Coalition Locations: Tbilisi, Georgia, Georgian, Russian, “, Gvaramia, Russia, ” Moscow, Hungarian

☆ A notorious market bear who called the 2000 and 2008 crashes shares 3 signs it's a terrible time to invest in the S&P 500 — and warns stocks are due to underperform Treasurys by 10% over the next 12 y
▼ + stars: | 2024-10-26 | by ( William Edwards | ) www.businessinsider.com time to read: +5 min

John Hussman warns of poor S&P 500 returns over the next 12 years. Current expectations have the S&P 500 underperforming Treasurys by 9.9% annually over the next 12 years. But valuations are causing skepticism about future market returns among others on Wall Street, even if not to the same degree. Related storiesEarlier this week, Goldman Sachs forecast that the S&P 500 would average 3% annual returns over the next decade. His Strategic Growth Fund is down about 55% since December 2010 and has fallen 16% in the past 12 months.

Persons: John Hussman, —, you'll, you'd, Hussman, Hussman's, it's, Goldman Sachs, It's Organizations: Treasurys, Service, Hussman Investment Trust

☆ This teen became the youngest person to summit the world’s highest peaks. Now he wants others to follow in his footsteps
▼ + stars: | 2024-10-26 | by ( Helen Regan | ) edition.cnn.com time to read: +9 min

This month, Nima became the youngest person to summit all 14 of the world’s highest peaks, but the 18-year-old Nepalese mountaineer is already getting ready for his next big feat. His father, Tashi Lakpa Sherpa, has climbed Everest nine times, and at age 19 became the youngest person to summit without bottled oxygen. His uncle Mingma Sherpa became the first South Asian climber to summit the 14 peaks in 2011. Despite his record-breaking achievement, Nima’s climbs did not attract big-name sponsors, and he relied on his father’s 14 Peaks Expedition company for funds and logistical support. Dawa Yangzum Sherpa became the youngest Nepalese woman to climb the 14 peaks.

Persons: CNN — Nima Rinji, Nima, he’s, Simone Moro –, there’s, ” Nima, Pasang Nurbu, Tashi Lakpa, Mingma Sherpa, “, Nima Rinji Sherpa, ”, Nima Rinji, it’s, Pasang, that’s, Nepalis, Prakash Mathema, Dawa Yangzum Sherpa, Sherpa, Lama, we’ll Organizations: CNN, Mountaineering Federation, Expedition, Getty Locations: Kathmandu, Italian, Mount, AFP, Annapurna, Nanga Parbat, Nepal, Dawa

☆ The biggest pressing market questions with two months to go in rewarding year
▼ + stars: | 2024-10-26 | by ( Michael Santoli | ) www.cnbc.com time to read: +10 min

And how should investors be thinking about future equity returns as the bull market enters its third year riding stellar multi-year performance and facing demanding valuations? So, expansionary policies that would quicken the economy's metabolism and produce more inflation was exactly what the market craved then – but now? Right now, the S & P 500 is up 42% from 18 months ago and fetches 22-times expected earnings. No reliable augurs of a coming bear market are in evidence: S & P up 10 of 11 months, making a new high in September, credit spreads resolutely narrow, all point to an upside bias over a span of months, at least. .SPX YTD mountain S & P 500, YTD Which leaves the question of just how much upside, if any, a bull should reasonably expect from here.

Persons: Warren Pies, Pat Tschosik, Ned Davis, Donald Trump, payrolls, Harris, Goldman Sachs, Goldman Organizations: Federal Reserve, Treasury, Fed, 3Fourteen Research, Trump, Ned, Ned Davis Research, Dow, Leuthold, quicken, Wall Locations: U.S, China, Wells

A broad Chinese hacking campaign against U.S. telecommunication networks targeted the phones of Republican presidential nominee Donald Trump and his running mate, Sen. JD Vance, two sources familiar with the matter say. Another source told NBC News that people affiliated with the campaign of Vice President Kamala Harris were also targeted. None of the three sources clarified whether campaign devices were successfully compromised or whether China stole their communications. It is unclear who in the Harris campaign was targeted or if others in the Trump campaign were targeted in addition to Trump and Vance. It's not clear that the hack was an attempt to influence the presidential election.

Persons: Donald Trump, Sen, JD Vance, Kamala Harris, Harris, Trump, Vance, “, ” “, Lumen, Rich Young, ” Young, ”, It's, ODNI Organizations: U.S, NBC News, Trump, FBI, Infrastructure Security Agency, Verizon, Lumen Technologies, NBC, Washington , D.C, National Intelligence Locations: China, People’s Republic of China, U.S, Washington ,, United States, Iran, Russia

☆ Biden's latest student debt plan would create forgiveness path for borrowers facing financial ruin
▼ + stars: | 2024-10-25 | by ( Annie Nova | ) www.cnbc.com time to read: +2 min

US President Joe Biden gestures after speaking about student loan debt relief at Madison Area Technical College in Madison, Wisconsin, April 8, 2024. The Biden administration introduced a new proposal Friday to deliver student loan forgiveness to Americans who experience "financially devastating hardships." The announcement was the latest effort by the Education Department under President Joe Biden to cancel people's education debt. However, the department's previous attempts to provide wide-scale student loan forgiveness are currently being blocked by the courts after a wave of GOP-led legal challenges. Former President Donald Trump is a vocal critic of policies to reduce or eliminate the balances of student loan holders.

Persons: Joe Biden, Biden, it's, Miguel Cardona, Donald Trump, Kamala Harris Organizations: Madison Area Technical College, Education Department, Republican, Federal, Democratic Locations: Madison , Wisconsin

☆ Chinese hackers targeted Trump and Vance’s phone data
▼ + stars: | 2024-10-25 | by ( Sean Lyngaas | Kristen Holmes | ) edition.cnn.com time to read: +3 min

The Chinese hackers also targeted people affiliated with the Harris-Walz campaign, another source familiar with the matter told CNN. US officials informed the Trump campaign this week that Trump and Vance were among a group of people whose phones were targeted by the Chinese hackers, one of the sources said. In a statement, Trump campaign spokesperson Steven Cheung attacked the Harris campaign for allegedly emboldening China. The activity is part of a much broader Chinese hacking campaign that has infiltrated multiple US telecommunications firms in the last several months. US officials have briefed members of the House and Senate intelligence committees on the Chinese hacking campaign.

Persons: Donald Trump, Vance, Harris, Walz, Trump, Steven Cheung, “, CISA “, ” Sen, Mark Warner, Mark Green Organizations: CNN, Senior Biden, U.S, Government, FBI, Infrastructure Security Agency, The New York Times, Justice Department, Trump, Major, Verizon, Lumen, Typhoon, Virginia Democrat, House Homeland Security, ”, Tennessee Republican Locations: China, People’s Republic of China, Iran, Russia

☆ South and North Korea troops potentially entering Ukraine war unlikely to stoke regional conflict, analysts say
▼ + stars: | 2024-10-25 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +3 min

South and North Korea troops potentially entering the Russia-Ukraine war is unlikely to stoke a wider conflict between the two Korean countries, experts said. The U.S. on Wednesday confirmed that North Korean troops had been sent to Russia. "The messaging we are seeing is likely intended to deter the actual deployment of North Korean troops to Ukraine from Russia. But that will depend on how the North Korean troops are deployed, she added. "In such a case, South Korean troops would be shooting in self defence, thus limiting the nature of such combat encounters."

Persons: Yonhap, Yoon Seok Yeol, Liang, Nah, Naoko Aoki, Aoki, Pyongyang's Organizations: stoke, Yonhap, NBC News, CNBC, Singapore's, Rajaratnam, of International Studies, Seoul, RAND, North Locations: Korea, South, North Korea, Russia, Ukraine, South Korea, North, Moscow, Pyongyang, Seoul

☆ Does height matter in football? Yes, but not in the way you might think
▼ + stars: | 2024-10-25 | by ( Liam Tharme | ) www.nytimes.com time to read: +11 min

GO DEEPER Short centre-backs: How much does size matter in the Premier League? The decline of the small midfielder has been a league-wide trend in the Premier League in the last four years. Last season, the taller trend stopped, City’s minutes to smaller players went up and taller players back down. GO DEEPER Short centre-backs: How much does size matter in the Premier League? That tends to suit taller players, or short(er) ones who have exceptional speed, positioning and decision-making.

Persons: d’Or, Lionel Messi, Lionel Messi’s, Rich Storry, Bayer, Germain, Costel, Antonio Conte, Stefano Piolo, taka, StatsBomb, Rico Lewis, Pep Guardiola, Shaun Botterill, Guardiola, Lewis, Erling Haaland’s, Phil Foden, Bernardo Silva, Arsenal’s, David Raya, Emmanuele, Mikel Arteta, ” Arteta, Napoleon, William Saliba's, Mikel Arteta's, That's, ike Organizations: Ballon, University of Wolverhampton, Inter Milan, Bayer Leverkusen, Manchester City, Paris Saint, Leverkusen, Serie, Inter, Premier League 183.3 Manchester City, Ligue, PSG, La Liga 181.8 Real Madrid 181.3, Bundesliga, Premier League, La Liga, A, Romania, AC Milan, Spanish, Premier League ? Football, ”, Arsenal, Bournemouth, Premier League’s, Getty, 😬# Locations: U.S, England’s, Paris, Real Madrid, Germany, Spain, La, Manchester, David

☆ Chart analyst Carter Worth breaks down his most important technical indicator
▼ + stars: | 2024-10-25 | by ( Fred Imbert | ) www.cnbc.com time to read: +1 min

For Carter Worth, there's one that stands out above all others: volume. They say it's all in the price action. … but volume is the essential criteria," Worth, the founder of Worth Charting with more than three decades on the Street, told CNBC's Dominic Chu in this special Pro Talks discussion available to all readers. "The study of volume and price volume correlation is the single most important thing one can do if one wants to engage in pattern recognition and studying price action trying to profit in the market." "[Philosophers] Camus and Sartre would argue that existence precedes essence, and in markets, volume precedes price," he added.

Persons: Carter Worth, CNBC's Dominic Chu, Camus, Sartre, Worth Organizations: Worth, CNBC PRO Locations: Worth

☆ SpaceX’s Crew-8 capsule is coming home. Here’s why Boeing Starliner’s astronauts aren’t on it
▼ + stars: | 2024-10-24 | by ( Jackie Wattles | ) edition.cnn.com time to read: +9 min

SpaceX's Crew-8 from right to left: NASA astronauts Jeanette Epps, Matthew Dominick, Michael Barratt, and Roscosmos cosmonaut Alexander Grebenkin. Williams and Wilmore, for the record, have now been on the space station more than 18 weeks. The SpaceX Dragon Endeavour spacecraft is pictured beyond the Candarm2 robotic arm moments after undocking from the Harmony module of the space station with four Crew-8 members. And NASA previously confirmed the Starliner astronauts are prepared to make such a shift. Extended stays in spaceIt’s not uncommon for astronauts to unexpectedly extend their stay aboard the space station — for days, weeks or even months.

Persons: Suni Williams, Butch Wilmore —, Williams, Wilmore, Matthew Dominick, Michael Barratt, Jeanette Epps, Alexander Grebenkin, Roscosmos, SpaceX Williams, That’s, Wilmore —, Cardman, Stephanie Wilson —, Boeing’s Starliner, they’re, ”, Dana Weigel, “ Butch, Suni, ” Weigel, “, Nick Hague, Russia’s Aleksandr Gorbunov, ” Williams, Frank Rubio, yearlong, “ I’m Organizations: CNN, International Space Station, NASA, SpaceX, ISS, SpaceX's, Cape Canaveral Space Force, SpaceX’s, Spaceflight, Boeing, Expedition, Space Station Locations: Florida, Russian

☆ Asia markets mostly fall after Wall Street extends declines; South Korea avoids technical recession
▼ + stars: | 2024-10-24 | by ( Lim Hui Jie | ) www.cnbc.com time to read: 1 min

Commercial and residential buildings are illuminated at dawn in Seoul, South Korea, on Saturday, Oct. 21, 2023. South Korea has prepared a financial support program of 75.9 trillion won ($56.97 billion) for companies increasing investment in key sectors as well as small businesses struggling with the impact of high interest rates. Asia-Pacific markets mostly fell Thursday after U.S. stocks dropped overnight, with the Dow Jones Industrial Average posting its worst day in more than a month. In Asia, South Korea narrowly avoided a technical recession with its third-quarter GDP growing 0.1% quarter on quarter, following a 0.2% contraction in the second quarter. On a year-on-year basis, South Korea's economy grew 1.5%, also slower than the 2% increase expected by economists.

Organizations: Dow Jones Locations: Seoul, South Korea, Asia, Pacific

☆ A payments startup hoping to take on Stripe and Square just raised $75 million with this pitch deck
▼ + stars: | 2024-10-24 | by ( Bianca Chan | ) www.businessinsider.com time to read: +5 min

Finix is a startup that works with merchants so they can accept and manage payments. On Thursday, it raised a $75 million Series C that included Lightspeed Ventures and Acrew Capital. AdvertisementSome of the industry's biggest fintech investors just backed an up-and-coming payments startup challenging Stripe and Square. The San Francisco-based startup raised $75 million in a Series C funding round, the company announced Thursday. AdvertisementFinix processes billions of dollars every month for tens of thousands of merchants, Serna said.

Persons: —, Richie Serna, Finix, Serna, " Serna Organizations: Lightspeed Ventures, Acrew, Service, Acrew Capital, Lightspeed Venture Partners Locations: San Francisco, Finix's, Serna

☆ I interviewed Google applicants and ranked them on 'Googleyness.' Here I found the greatest interviewee I've ever had.
▼ + stars: | 2024-10-24 | by ( Tess Martinelli | ) www.businessinsider.com time to read: +5 min

Jerry Lee, a former Google manager, said the company graded candidates on four attributes. He said Googleyness requires a set of soft skills that is objective. While at Google, I interviewed several potential new hires and ranked them based on "Googleyness." Googleyness captures the broad range of soft skills needed to align with your coworkers, such as dependability, helpfulness, and willingness to go above and beyond. When answering a question in a Google interview, make sure your answer is honest, company-specific, and proves your soft skills.

Persons: Jerry Lee, Lee, —, you've, I've, they'd, Tess Martinelli Organizations: Google, Service, Big Tech Locations: tmartinelli

☆ Dollar stands tall on bets for slower Fed cuts, potential Trump win
▼ + stars: | 2024-10-24 | by ( ) www.cnbc.com time to read: +3 min

The U.S. dollar traded close to a three-month high against major peers on Thursday, underpinned by expectations for a slower pace interest rate cuts by the Federal Reserve and growing bets of a possible second Donald Trump presidency. The U.S. dollar traded close to a three-month high against major peers on Thursday, underpinned by expectations for a slower pace interest rate cuts by the Federal Reserve and growing bets of a possible second Donald Trump presidency. This week, Kansas City Fed President Jeffrey Schmid said he would prefer to "avoid outsized moves", and Philadelphia Fed President Patrick Harker backed "a slow, methodical approach" to further easing. The dollar has now "punched through key technical resistance levels" against the yen, "opening the door for higher levels", Catril said. Although opinion polls indicate a neck-and-neck race with Democratic rival, Vice President Kamala Harris, cryptocurrency-prediction exchange Polymarket has seen a sharp rise in bets for a Trump win.

Persons: Donald Trump, Jeffrey Schmid, Patrick Harker, Rodrigo Catril, Catril, Trump, Kamala Harris, Christine Lagarde, Mario Centeno Organizations: U.S ., Federal Reserve, Kansas, Philadelphia Fed, Treasury, National Australia Bank, UST, Republican, Democratic, Trump, of, Traders, European Central Bank, Wednesday Locations: Japan, Sunday's

☆ Forget AI stocks, this supermarket name is more exciting, says chart analyst
▼ + stars: | 2024-10-24 | by ( David Keller | ) www.cnbc.com time to read: +3 min

We can see the cup-with-handle pattern developing on the daily chart, consisting of a six-month rounded bottoming pattern followed by a brief pullback in the month of October. The key to a cup with handle pattern is the "rim" of the cup, which is essentially a trendline connecting the highs during the price pattern. Other indicators on the chart seem to suggest that an impending breakout is likely, especially the RSI which has been in a bullish range since July of this year. Similar to the daily chart, we can see the weekly RSI has been in a bullish range for the last five years. This continued bullish momentum range suggests a bullish secular trend, reinforcing the upside potential represented on the daily chart.

Persons: I'm, I've, David Keller Organizations: Kroger Co, Kroger, RSI, CMT, CNBC, NBC UNIVERSAL

☆ OpenAI disbands another safety team, head advisor for 'AGI Readiness' resigns
▼ + stars: | 2024-10-24 | by ( Hayden Field | ) www.cnbc.com time to read: +9 min

OpenAI is disbanding its "AGI Readiness" team, which advised the company on OpenAI's own capacity to handle increasingly powerful AI and the world's readiness to manage that technology, according to the head of the team. On Wednesday, Miles Brundage, senior advisor for AGI Readiness, announced his departure from the company via a Substack post. Former AGI Readiness team members will be reassigned to other teams, according to the post. Madry will still work on core AI safety work in his new role, OpenAI told CNBC at the time. Leike added that OpenAI must become a "safety-first AGI company."

Persons: OpenAI, Miles Brundage, Brundage, Miles, Mira Murati, Bob McGrew, Barret Zoph —, Aleksander Madry, Madry, reassign Madry, Sam Altman, it's, Altman, Lina Khan, they've, OpenAI's, Ilya Sutskever, Jan Leike, Leike, Greg Brockman, Brockman Organizations: AGI Readiness, CNBC, Security Committee, Google, Microsoft, Meta, Princeton University, Democratic, Federal Trade Commission, Department of Justice, Nvidia Locations: OpenAI

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