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☆ 8 million student-loan borrowers enrolled in Biden's new repayment plan won't have to make payments for at least another 6 months
▼ + stars: | 2024-10-22 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +3 min

The Education Department extended the student-loan payment pause by at least 6 more months for borrowers on the SAVE plan. The department said it would reopen other repayment plans because SAVE remains blocked. AdvertisementMillions of student-loan borrowers on President Joe Biden's new repayment plan got updates on their payments due to ongoing legal challenges. In the meantime, the Education Department "re-programs its systems" to comply with the preliminary injunction on the plan. These plans were previously closed because the SAVE plan offered the same benefits as the other income-driven repayment plans.

Persons: —, Joe Biden's Organizations: Department, Service, Education Department, SAVE, Public, GOP, The Education Department

☆ GM raises 2024 earnings guidance after easily topping Wall Street's third-quarter expectations
▼ + stars: | 2024-10-22 | by ( Michael Wayland | ) www.cnbc.com time to read: +2 min

DETROIT — General Motors easily outperformed Wall Street's third-quarter earnings expectations, leading the Detroit automaker in raising key guidance targets for 2024. GM is now forecasting full-year adjusted earnings before interest and taxes of between $14 billion and $15 billion, or $10 and $10.50 a share, up from between $13 billion and $15 billion, or $9.50 and $10.50. It also raised its adjusted automotive free cash flow forecast to between $12.5 billion and $13.5 billion, up from $9.5 billion and $11.5 billion. That compared to its previous guidance of $10 billion to $11.4 billion, or $8.93 and $9.93. The automaker has topped Wall Street's EPS estimates for nine consecutive quarters and revenue for eight straight quarters.

Persons: Wall, Paul Jacobson, Jacobson, we've Organizations: DETROIT, General Motors, Detroit, GM Locations: China

☆ Stocks making the biggest moves premarket: Cheesecake Factory, Sherwin-Williams, 3M and more
▼ + stars: | 2024-10-22 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +3 min

SAP — U.S.-listed shares of the enterprise software provider gained more than 3% after the company posted a third-quarter earnings and revenue beat. GE Aerospace reported adjusted revenue of $8.94 billion, while analysts had estimated $9.02 billion, according to LSEG. 3M — Shares of the industrial company rallied 5% after 3M posted third-quarter earnings of $1.98 per share on revenue of $6.07 billion. Despite this, the company posted a third-quarter adjusted earnings and revenue beat. Sherwin-Williams reported adjusted earnings of $3.37 per share, lower than a StreetAccount estimate of $3.55 per share.

Persons: LSEG, AppLovin, Rob Sanderson, Nucor, Danaher, Sherwin, Williams, — CNBC's Sean Conlon, Michelle Fox, Alex Harring, Fred Imbert, Hakyung Kim, Sarah Min, Jesse Pound Organizations: JCP Investment Management, General Motors, GM, SAP — U.S, SAP, GE Aerospace, Citi, U.S, Loop Locations: Utah

☆ Stocks making the biggest moves midday: Genuine Parts, General Motors, Verizon, Philip Morris and more
▼ + stars: | 2024-10-22 | by ( Sean Conlon | ) www.cnbc.com time to read: +4 min

General Motors — The stock jumped more than 9% after the automaker posted better-than-expected third-quarter results and raised its full-year forecast. Verizon Communications — The telecommunications giant dipped 4% after posting third-quarter revenue of $33.33 billion, which came in below the $33.43 billion analysts polled by LSEG had expected. GE Aerospace reported adjusted revenue of $8.94 billion, while analysts polled by LSEG estimated $9.02 billion. Meanwhile, adjusted earnings per share of $1.15 beat consensus forecasts by just 1 cent. Philip Morris International — The tobacco company popped nearly 9% after reporting third-quarter results that beat expectations.

Persons: FactSet, General Motors, LSEG, Philip Morris, Lockheed Martin —, Lockheed Martin, Zions, Sherwin, Williams, —, Alex Harring, Samantha Subin, Lisa Kailai Han, Hakyung Kim Organizations: General, GM, Verizon Communications, GE Aerospace, LSEG, Philip Morris International, Lockheed, Citi, U.S, Global, Diagnostics, Norfolk Southern

☆ Economists see UK cutting interest rates more substantially as inflation pressures ease
▼ + stars: | 2024-10-22 | by ( Jenni Reid | ) www.cnbc.com time to read: +5 min

Mike Kemp | In Pictures | Getty ImagesLONDON — The U.K. is likely to see interest rates drop at a faster pace than previously expected, according to economists who flagged key data releases that indicated inflationary pressures are finally easing. However, economists at Goldman Sachs in a Monday note forecast rate cuts "notably below market pricing." As a result, they see consecutive 25 basis point cuts taking the Bank Rate to 3% as early as September 2025, and to 2.75% in November next year. "Recent data have cemented expectations of another cut in interest rates in November. "That said, uncertainty around the economic outlook is high, and interest rate expectations will be sensitive to what the government announces in the Budget," Muir added.

Persons: Mike Kemp, Goldman Sachs, BOE, Price, —, James Smith, Smith, David Muir, Muir, Keir Starmer, Rachel Reeves Organizations: of England, Labour, Bank of England's, BOE policymakers, Bank of England, ING . Services, Reuters, International Energy Agency, U.S . Federal Reserve, European Central Bank, Moody's, Finance Locations: City of London, London, United Kingdom

A highly anticipated legislative hearing began Monday but without its key witness: a Texas inmate whose execution for his daughter's "shaken baby" death was narrowly averted last week. The high court, however, said Sunday it would not rule on the manner in which Roberson must testify. Roberson, 57, has maintained his innocence in the 2002 death of his 2-year-old daughter, Nikki, based on "shaken baby syndrome." But hours later, Roberson said, he woke up and realized Nikki was not breathing and her lips looked blue. Wharton, the lead detective in the case, has also voiced his support for Roberson, telling House committee members at a hearing last week: "This is an innocent man, beyond question."

Persons: Robert Roberson, Joe Moody, Roberson, Moody, Robert, Nikki, Greg Abbott, Lester Holt, Brian Wharton, Wharton, Anderson Organizations: Texas Supreme, Texas Department, Criminal, of Criminal, Texas Gov, NBC News, Prosecutors, Food and Drug Administration Locations: Texas, Austin, Houston, United States

☆ How to clean a garbage disposal, according to experts
▼ + stars: | 2024-10-21 | by ( Cory Fernandez | Cory Fernandez Is A Commerce Editor For Select On Nbc News. | ) www.nbcnews.com time to read: +11 min

That’s why learning how to clean your garbage disposal on a regular basis is key to maintaining a clean and odor-free kitchen. SKIP AHEAD How I picked the best products for cleaning a garbage disposal | The best products for cleaning a garbage disposal | How to clean a garbage disposal | Why trust NBC Select? Affresh Garbage Disposal Cleaner $ 11.94 Amazon What we like Abrasivesmall size Something to note Nothing to note at this timeCotter also recommends the brand Affresh for cleaning your garbage disposal. How to clean a garbage disposalHere how our experts recommend cleaning a garbage disposal to get rid of food buildup, grime and strong odors. You should clean your garbage disposal with a store-bought cleaner, such as Glisten, at least once a month, according to Cotter.

Persons: Kadi Dulude, Will Cotter, Cotter, seltzer, Meyers, ”, “, grout, TikTok Organizations: NBC, Facebook, Twitter Locations: Dulude

☆ China growth could slow to 4.5% in 2025, says economist
▼ + stars: | 2024-10-21 | 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 EmailChina growth could slow to 4.5% in 2025, says economistErica Tay of Maybank Investment Banking Group lays out the reasons why China's economic growth could slow to 4.5% next year, citing potential setbacks including trade restrictions and expectations for a deceleration in consumption.

Persons: Erica Tay Organizations: Maybank Investment Banking Group

☆ China's attempts to save its flailing housing market haven't boosted confidence among top Wall Street analysts
▼ + stars: | 2024-10-20 | by ( Kelly Cloonan | ) www.businessinsider.com time to read: +5 min

On Thursday, China unveiled new measures to prop up its struggling property market. AdvertisementChina officials have directed a wave of stimulus measures at the country's beleaguered property market, but the effort hasn't done much to impress Wall Street experts. On Thursday, China unveiled new measures to prop up its flailing housing market, including quicker access to credit for developers and renovations in run-down urban areas. "While a step in the right direction, these stimulus measures are so far falling short of the scope and scale needed to reflate the Chinese economy. But Yingrui Wang, China economist at AXA Investment Managers, says that optimism could be short-lived as the housing stimulus lacks detail.

Persons: —, Wall, Goldman Sachs, haven't, Yingrui Wang, Wang Organizations: Service, Ministry of Housing, Ministry, BCA Research, AXA Investment, CSI Locations: China, Beijing, China's

☆ Venture capital is going to war over the election. Here's the data to prove it.
▼ + stars: | 2024-10-19 | by ( Rob Price | Melia Russell | ) www.businessinsider.com time to read: +10 min

VCs are lobbing cash at the presidential election and key congressional races, FEC data shows. This election cycle, investors at the top venture capital firms have plowed tens of millions of dollars into the election, both backing their favored political candidates and just cannily promoting commercial interests. (The filing deadline for Q3 data for quarterly filing entities was October 15, but this data isn't yet readily available in full online.) Business Insider selected 10 venture capital firms to focus on, taking into account fund size and cultural and industry significance. Sequoia Capital's Doug Leone is one of VC's most prolific GOP-aligned political donors, giving his almost $3.8 million to the National Republican Committee and other causes.

Persons: Reid Hoffman, Kamala Harris, —, hasn't, Andreessen Horowitz, blockchain, Marc Andreessen, Ben Horowitz, a16z, Horowitz, Andreessen, Harris, megadonor Reid Hoffman, Keith Rabois, Kleiner Perkins, Michael Moritz, Shaun Maguire, Joe Manchin, Hoffman, Horowitz Hoffman, Joe Biden, Biden, Nikki Haley, Trump, Vinod Khosla, John Doerr, Doug Leone, Elon Musk, Melia Russell, Rob Price Organizations: Service, Federal, Commission, Yuga Labs, White, Republicans, Founders Fund, SpaceX, Khosla Ventures, Sequoia Capital, Sequoia Heritage, Business, Republican, Lincoln, Democratic, Democratic Party, Democratic Congressional, Sequoia, National Republican, Future Forward PAC, America PAC, Elon, Investors, splashy Hamptons, Harris Victory Fund, Harris Action Fund, Democratic National Committee Locations: Solana, Sequoia, West Virginia, New Hampshire

☆ Stellantis to sell, shutter large testing facility amid cost-cutting efforts
▼ + stars: | 2024-10-18 | by ( Michael Wayland | Robert Ferris | ) www.nbcnews.com time to read: +4 min

DETROIT — Automaker Stellantis plans to shutter and sell its large vehicle proving grounds in Arizona at the end of this year, CNBC has learned. The Arizona Proving Grounds covers 4,000 acres between Phoenix and Las Vegas in Yucca, Arizona. As of July 2019, the operations employed 69 people, including workers represented by a local chapter of the UAW, according to the automaker. Stellantis plans to use a proving grounds in Arizona owned by Toyota Motor beginning next year, according to two people familiar with the decision. Stellantis’ other major U.S. proving grounds facility is a 4,000-acre campus located west of Detroit in Chelsea, Michigan.

Persons: Carlos Tavares, Stellantis, “ Stellantis, ”, Gretchen Whitmer, Tavares ’ Organizations: DETROIT, CNBC, Atlantic, Wall Street, United Auto Workers, Chrysler, Ford Motor, UAW, Toyota Motor, Toyota, Stellantis, Michigan Gov, General Motors, Ford, Bloomberg Locations: Arizona, Phoenix, Las Vegas, Yucca , Arizona, Detroit, Chelsea , Michigan, Auburn Hills , Michigan, North America, Brazil, India, Mexico, U.S, Europe

☆ In college football showdown, Texas will try beating Georgia at its own game
▼ + stars: | 2024-10-18 | by ( Andrew Greif | Andrew Greif Is A Freelance Sports Journalist. | ) www.nbcnews.com time to read: +3 min

That changed in 2023, when Texas went 12-2 in coach Steve Sarkisian’s third season and appeared in the College Football Playoff for the first time. Like Texas, Georgia spent much of the last 30 years boasting a past national championship and a campus in a recruiting-rich part of the country, with little modern success to show for it. The quarterback of the Bulldogs’ back-to-back championship teams was not a former high-star recruit but he did grow up in Georgia. In the decade before Sarkisian’s hiring, Texas recruiting classes finished with an average rank of 10.8 in the country; in three recruiting classes under Sarkisian, Texas has averaged a ranking of 4.6. In the eyes of Texas fans, the Longhorns won’t qualify as fully back until they win the program’s first football national championship since 2006.

Persons: Steve Sarkisian’s, Quinn Ewers, Arch Manning, Peyton, Eli Manning, Kirby Smart, Nick Saban Organizations: Longhorns, College Football, SEC, Bulldogs, Georgia, USA Today, Saban, Southeastern, Mississippi State Locations: Texas, Georgia, Alabama, When Texas, , Texas

China’s National Bureau of Statistics on Friday reported third-quarter GDP growth of 4.6% year on year, slightly exceeding the 4.5% expected by economists polled by Reuters. “The national economy showed positive signs of growth in September,” Sheng Laiyun, the bureau’s deputy commissioner, said at the news conference, according to CNBC’s translation of the Chinese. Other data also released on Friday, such as retail sales and industrial production, also beat expectations, a hopeful sign for the world’s second-largest economy. “Despite the multitude of challenges, China’s economy is not incurable as some would suggest,” Xu added. Authorities continued to dip feed more stimulus measures throughout this month amid low consumer sentiment and a flagging property sector.

Persons: ” Sheng Laiyun, ”, Tianchen Xu, ” Xu, Finance Lan Organizations: China’s National Bureau, Statistics, Reuters, Economist Intelligence Unit, China’s, Finance, Ministry Locations: China’s, Beijing

☆ China just triggered more stimulus measures, even as it says its economy is showing 'stable growth'
▼ + stars: | 2024-10-18 | by ( Huileng Tan | ) www.businessinsider.com time to read: +5 min

The People's Bank of China triggered two market support programs after China announced economic data. China's economy grew 4.6% in the third quarter of this year, the country's statistics bureau announced as it touted a "stable growth trend." "The property market unsurprisingly remains the biggest drag on China's growth," wrote Song, adding that stabilization in the real estate market remains "elusive." China's economy is being dragged by factors including a property crisis, high youth unemployment, and deflation. He added that he expects Beijing to continue to do more to support growth so the economy can enter 2025 on better footing.

Persons: —, Sheng Laiyun, China's, Lynn Song, Betty Wang, Larry Hu, Rajiv Biswas, who's, Wang Organizations: People's Bank of China, Service, Reuters, Greater China, ING, Oxford Economics, People's Bank of, Macquarie Group Locations: China, Greater, People's Bank of China, Beijing

☆ CNBC Daily Open: China posts better-than-expected economic data
▼ + stars: | 2024-10-18 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Better-than-expected growth for ChinaChina's third-quarter gross domestic product expanded by 4.6% year on year, according to the National Bureau of Statistics. Chinese and U.S. retail sales going strongChina's retail sales for September grew 3.2% from a year ago, said the National Bureau of Statistics. Across the Pacific Ocean, retail sales in the U.S. rose a seasonally adjusted 0.4% for September.

Persons: Dow Jones, Pat Gelsinger, Altera Organizations: CNBC, China, National Bureau of Statistics, Dow, Dow Jones, Nasdaq, Intel, U.S . Federal Reserve Locations: U.S, Asia, Pacific, Shanghai

☆ Netflix earnings beat expectations. Here's what analysts are saying
▼ + stars: | 2024-10-18 | by ( Sean Conlon | ) www.cnbc.com time to read: +4 min

Analysts are getting even more bullish on Netflix following its earnings beat for the third quarter . Here is what other firms are saying: Pivotal Research keeps buy rating on stock The firm raised its price target to $925, a Street high. Bernstein reiterates its market perform rating The firm increased its price target to $780 from $625. Bank of America reiterates its buy rating The bank increased its price target to $800 from $740. 3Q results were generally ahead (OI 5% higher) while commentary pointed to sustained double-digit revenue growth and margin expansion in 2025."

Persons: Doug Anmuth, Anmuth, Morgan Stanley, Benjamin Swinburne, Bernstein, Goldman Sachs, NFLX Organizations: Netflix, JPMorgan, WWE, NFL, of America, Gaming, UBS, 3Q

☆ Week 8’s top 10 college football games: Georgia-Texas, Alabama-Tennessee and much more
▼ + stars: | 2024-10-18 | by ( Justin Williams | ) www.nytimes.com time to read: +10 min

On the heels of two of the more riveting weeks of college football in recent memory comes a jam-packed Saturday that features a trio of SEC headliners, including a top-five clash between blue bloods. There’s also multiple rivalry games that feature boots (sort of), and a potential College Football Playoff showcase in Bloomington, Indiana, of all places. Stream college football on fubo. 17 Kansas State (5-1) at West Virginia (3-3), 7:30 p.m., Fubo, FoxThere are intriguing matchups involving the Big 12’s three ranked teams this week, including Oklahoma State at No. 8 LSU (5-1) at Arkansas (4-2), 7 p.m., Fubo, ESPNIt’s the Battle for the Golden Boot, one of the more underappreciated rivalry names and trophies in college football.

Persons: There’s, James Madison, Cam Skattebo, Sam Leavitt, Jeff Sims, Brendan Sorsby, hasn’t, Red Grange, Benjamin Morrison, Haynes King, King can’t, Zach Pyron, Curt Cignetti, Joe Rexrode, They’ve, Dylan Raiola, Sam Pittman, —, Garrett Nussmeier, Ole, Coach Howard Schnellenberger, — Mark Ennis, Cam Ward, Tyler Shough, Ward, David Ubben, Kennington Smith, Quinn Ewers, Kevin C, Cox Organizations: SEC, Oklahoma, BYU, Clemson, Auburn, Georgia Southern, UCF, Iowa State, fubo, Arizona State, Sun Devils, Bearcats, ASU, UNLV, Oregon State, CW The Rebels, Syracuse, Utah State, Boise State, Broncos, Group, Kansas State, Fox, Oklahoma State, Wildcats, CBS, Purdue, Illini, Red, Wolverines, Notre Dame, Irish, Georgia Tech, North, Navy, Army, USC, Indiana, Hoosiers, Nebraska, Huskers, Ohio State, LSU, ESPN, Tigers, Ole Miss, Razorbacks, Miami, ABC, Cardinals, Louisville Sports Commission, Virginia Tech, Cal, Hurricanes, Louisville, Virginia, FBS, Oregon, Georgia, Getty Locations: Bloomington , Indiana, BYU , Ohio, Miami ( Ohio, Virginia, Missouri , Louisiana, Coastal Carolina, Toledo, NIU , Colorado, Arizona, Cincinnati, Utah, Las Vegas, Corvallis, Oregon, Nevada, West Virginia, Morgantown, Kansas, Michigan, Illinois, . Illinois, North Carolina, Nebraska, Indiana, Bloomington, Arkansas, Louisville, Miami, Tyler Shough . Miami, Alabama, Tennessee, Georgia, Texas, Austin

☆ Asia markets open mixed as investors await China economic data, assess Japan CPI
▼ + stars: | 2024-10-18 | by ( Anniek Bao | ) www.cnbc.com time to read: +1 min

The skyline of the central business district in Beijing on August 13, 2019. (Photo by WANG Zhao / AFP)Asia-Pacific markets opened mixed Friday, as investors awaited key economic data from China and assessed Japan's inflation numbers. China's third-quarter GDP is expected to come in at 4.5%, as estimated by economists in a Reuters poll, compared with 4.7% growth in the prior quarter. China is set to release its house prices index for September at 9:30 a.m. local time. Japan's headline inflation for September came in at 2.5%, while core CPI — which excludes fresh food prices — rose 2.4% year on year compared with Reuters estimates of 2.3%.

Persons: WANG Zhao Locations: Beijing, AFP, Asia, Pacific, China

The Federal Reserve cut its interest rates one month ago, on September 18. One month ago, the Federal Reserve cut interest rates by 50 basis points — the first Fed rate cut since early 2020. High-yield savings account rates at bigger banks — such as Ally, Synchrony, and BMO Alto — have fallen below 5% interest, but they're still significantly higher than average savings account interest rates. High-yield checking account rates earn up to 7% APYThe best high-yield checking accounts have been impacted the least by Fed rate cuts. Featured High Interest Checking Account Offers Compare checking accounts that offer high APYs, rewards on debit card purchases, or both.

Persons: LendingClub, Synchrony, they're, we've Organizations: Federal Reserve, Here's, Newtek Bank, BMO Alto, Money Market, Federal Credit Union Locations: Pibank, U.S

☆ Investors may be too bullish on chip stocks. This options strategy can hedge against a pullback
▼ + stars: | 2024-10-18 | by ( Jeff Kilburg | ) www.cnbc.com time to read: +3 min

That bullish consensus makes this former CBOT pit trader take pause, and I believe now is the time to hedge some semiconductor exposure. I want to use put options in the VanEck Semiconductor ETF (SMH) to mitigate downside risk. That came in the wake of better-than-expected results from contract chipmaker Taiwan Semiconductor , which counts NVDA as one of its biggest customers. Lastly, I want to consider the technicals setup, as when emotion gets injected into the marketplace, technical typically take over. BEFORE MAKING ANY FINANCIAL DECISIONS, YOU SHOULD STRONGLY CONSIDER SEEKING ADVICE FROM YOUR OWN FINANCIAL OR INVESTMENT ADVISOR.

Persons: Jensen Huang, ASML, SMH, Kilburg Organizations: VanEck Semiconductor, Nvidia, Taiwan Semiconductor, CNBC, NBC UNIVERSAL Locations: Chicago

☆ China reports better-than-expected retail sales and industrial production data
▼ + stars: | 2024-10-18 | by ( Christine Wang | In Christinejwang | ) www.cnbc.com time to read: +1 min

China on Friday reported better-than-expected retail sales and industrial production for September. Retail sales grew 3.2% from a year ago, better than the 2.5% growth estimated by analysts in an LSEG poll, the National Bureau of Statistics said. Meanwhile, industrial production expanded 5.4% in September from a year ago, more than the 4.5% expected by analysts. He noted that year-to-date retail sales data showed "cautious sentiment among consumers." From January to September, retail sales grew 3.35%, nearly same as the growth reported for January through August at 3.36%.

Persons: Gary Ng, Ng, —, Bao Organizations: Costco, National Bureau of Statistics, Natixis, Investors Locations: Nanjing, Jiangsu Province, China . China, China, Beijing, Covid

☆ China's GDP growth will likely stay at about 4.5% for the whole of 2025, economist says
▼ + stars: | 2024-10-18 | 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 EmailChina's GDP growth will likely stay at about 4.5% for the whole of 2025, economist saysErica Tay of Maybank Investment Banking Group says she disagrees with Chinese officials where growth drivers are concerned.

Persons: Erica Tay Organizations: Maybank Investment Banking Group

☆ Procter & Gamble earnings beat estimates, but weak demand in China hurts sales
▼ + stars: | 2024-10-18 | by ( Amelia Lucas | ) www.cnbc.com time to read: +3 min

Procter & Gamble on Friday reported weaker-than-expected revenue as lower demand in China again weighed on its sales. The company reported flat volume for the quarter. The metric excludes pricing, which makes it a more accurate reflection of demand than sales. The company called out volume declines in China for both its hair care and oral care segments. Both P&G's health care and baby, feminine and family care divisions both reported 1% declines in volume for the quarter.

Persons: Gamble, Andre Schulten, Schulten Organizations: Procter, LSEG, SK, Gillette, Venus Locations: China, U.S, Greater China

China's National Bureau of Statistics on Friday reported third-quarter GDP growth of 4.6% year on year, slightly exceeding the 4.5% expected by economists polled by Reuters. "The national economy showed positive signs of growth in September," Sheng Laiyun, the bureau's deputy commissioner, said at the press conference, according to CNBC's translation of the Chinese. Other data also released on Friday, such as retail sales and industrial production, had also beat expectations, a hopeful sign for the world's second largest economy. Beijing has faced growing public scrutiny over its ability to meet its own annual growth target of "around 5%." Amid low consumer sentiment and a flagging property sector, the Chinese government has intensified stimulus measures in recent weeks in an effort to boost its lackluster economy.

Persons: Sheng Laiyun, Tianchen Xu Organizations: National Bureau, Statistics, Reuters, Economist Intelligence Unit Locations: China, Beijing

☆ Netflix closes at all-time highs after reporting solid earnings beat and strong guidance
▼ + stars: | 2024-10-18 | by ( Kelly Cloonan | ) www.businessinsider.com time to read: +4 min

The surge comes after the streaming giant reported another strong quarter and issued positive guidance. Quarterly revenue was slightly above estimates while its ad-supported tier saw strong subscriber growth. AdvertisementInvestors poured into Netflix shares on Friday, sending the stock to record highs after the streaming giant's solid third-quarter earnings report. The surge came after Netflix reported a strong earnings beat and gave positive forward guidance that gave investors confidence about its position in the streaming wars. He said Netflix's latest earnings and free cash flow set it apart from the competition in the increasingly fierce streaming wars.

Persons: —, Morgan Stanley, Benjamin Swinburne, Swinburne Organizations: Service, Netflix, Bloomberg, UBS, Bank of America, CNBC Locations: signups

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