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☆ 11 surprising things from this earnings season, including my favorite stock so far
▼ + stars: | 2024-11-03 | by ( Jim Cramer | ) www.cnbc.com time to read: +17 min

Horton makes the most sense as a Kamala Harris stock because of a promised $25,000 toward a first home. I don't know if either candidate can pull off huge tariffs (Trump) or a credit (Harris). Here are eleven surprising things about this earnings season that you can store up and pull out when the election is confirmed. The deficit will begin to hurt the stock market hard next year even if the economy continues to cool. Away from the hyperscalers, I like Marvell , where CEO Matt Murphy bought $1 million worth of stock in the open market.

Persons: beckons, Joe Biden, Biden, Donald Trump, D.R, Horton, Kamala Harris, Harris, let's, Let's, Trump, haven't, Myers, Abbvie, Eli Lilly, Anat Askenazi's, Abbott, neonatologists, Reckitt, Jim Hurst, Danaher, Jason Hollar, It's, Amgen, That's, Estee Lauder, Parker, Pat Gelsinger's, He's, Matt Murphy, Jim Cramer's, Jim Cramer, Jim, David Paul Morris Organizations: U.S, NBC News, White, Ford Motor, Trump, Costco, Volkswagen, Bankers, Banco Santander, Apple, Amazon, GE Vernova, U.S ., Treasury, Merck, NEC, FDA, CDC, NIH, GE Healthcare, Cardinal Health, NPC, Nvidia, Caterpillar, Linde, Devices, heaven's, Intel, Marvell, Micron, Arista, Jim Cramer's Charitable, CNBC, Bloomberg, Getty Locations: Europe, Germany, China, Portugal, Ireland, Italy, Greece, Spain, It's, Santander, —, Bristol, U.S, Taiwan, Eaton, Dover, Norwegian, Caribbean, San Francisco

☆ How to talk like a banker
▼ + stars: | 2024-11-03 | by ( Emmalyse Brownstein | ) www.businessinsider.com time to read: +9 min

A manager might leave a comment on a page telling the junior banker to "kill this," which just means delete it. A manager might also instruct the junior banker to "take another stab" at it, which means doing the presentation over again and sending it back by email. In stock market talk, "trading with the Street" usually means someone is trading along the lines of majority opinion. It's so much a part of the culture that the term is also used by higher-ups to describe their junior bankers professionally. Each time a banker makes changes to client materials pre-meeting — like a deck — it's standard practice for every round of edits or changes to be saved as a new file.

Persons: —, That's, Momo Takahashi, Morgan Stanley's Ted Pick, it's, drudge, Jane Organizations: Service

☆ Venus Williams says to be proud of your money decisions, even if they turn out to be mistakes—financial experts agree
▼ + stars: | 2024-11-03 | by ( Kamaron Mcnair | In Kamaronmcnair | ) www.cnbc.com time to read: +1 min

Tennis icon and entrepreneur Venus Williams has racked up more than a few wins in her life, both on and off the court. Throughout her career, she's learned plenty about making smart investments and starting her own ventures, like her interior design firm, V Starr. But overall, one of the most important money lessons she's learned is "to have confidence in your own financial decisions," she says. Building that confidence comes from having the ability to make your own financial decisions, a privilege women didn't always have. "It's important to understand the significant power of financial planning," Williams told CNBC Make It in an email.

Persons: Venus Williams, she's, V Starr, didn't, Williams Organizations: SoFi, CNBC

☆ The world is about to get some much-needed clarity on the US economy’s future
▼ + stars: | 2024-11-03 | by ( Bryan Mena | ) edition.cnn.com time to read: +5 min

One bit of clarity they’re sure to get: The Federal Reserve’s latest interest rate decision, due to be announced Thursday. The Fed lowered borrowing costs in September for the first time in more than four years while signaling additional rate cuts. But a slew of economic figures have been released since the decision, which is important because the Fed’s decision are guided by what those figures show. Investors are betting with near certainty that the Fed will deliver a quarter-point cut, according to futures. Lower rates could entice home buyers to come off the sidelines, and for businesses it could continue plans that have “baked in” lower rates.

Persons: Kamala Harris, Donald Trump, Jerome Powell’s, America’s, Harris, Harris ’, ” “, Lawrence Yun, ” Yun, they’re, It’s Organizations: Washington CNN, Federal, Fed, The Wall Street, US, Trump, Federal Reserve, Duke University, Institute for Supply, National Association of Realtors

☆ 'The reversion will eventually come': A chief strategist says Goldman Sachs and JPMorgan are right to warn of weak returns for the S&P 500 over the next decade
▼ + stars: | 2024-11-02 | by ( William Edwards | ) www.businessinsider.com time to read: +5 min

Goldman Sachs and JPMorgan predict relatively muted S&P 500 returns over the next decade. AdvertisementMuch has been said about the gloomy outlook for the S&P 500 that some of Wall Street's largest investment banks conveyed in recent weeks. Goldman Sachs said in October that the S&P 500 would return 3% annually, on average, over the next 10 years, underperforming current 10-year Treasury yields. Goldman Sachs"There is little argument that U.S. stock market valuations are elevated compared to historical averages. Investors appeared to do that, with the S&P 500 rising 0.4% on Friday to 5,728, 2.3% below all-time highs.

Persons: Goldman Sachs, Lance Roberts, Roberts, —, It's, Goldman, Sam Kuhn Organizations: JPMorgan, RIA, Service, Bank of America, RIA Advisors, Bureau of Labor Statistics Locations: Wall

☆ Trump and Harris portfolios to play the election winner, according to Strategas Research
▼ + stars: | 2024-11-01 | by ( Sean Conlon | ) www.cnbc.com time to read: +4 min

"The differences between Trump and Harris are as wide as we have ever seen." Differences in trade policy specifically, he said, are going to "determine where growth and earnings take place around the world." In contrast to Trump's trade policy, reduced trade tensions under Harris could lead to gains for FedEx , which has advanced more than 8% this year. During that debate, Harris also accused Trump of gearing up to abandon support of Ukraine. If Harris were to win the election, Clifton believes RTX is beneficiary of continued U.S. support of Ukraine.

Persons: Strategas, Donald Trump, Kamala Harris, Daniel Clifton, Harris, Clifton, Lazard, Trump, RTX Organizations: U.S, NBC, Trump, Republican, Basel III, Nasdaq, FedEx, Biden, NextEra Energy Locations: China, Basel, India, Cleveland, Southern, Ukraine, U.S

☆ Spain floods: How Valencia’s residents were trapped with no warning as waters raged
▼ + stars: | 2024-11-01 | by ( Atika Shubert | ) edition.cnn.com time to read: +5 min

Valencia, Spain CNN —Adan Ortell Mor had a 7:30 p.m. appointment to cut a client’s hair at his salon in La Torre, Valencia, on Tuesday night. A blaring alarm sent to all residents in Valencia, telling them of heavy rains and to stay at home. People try to clear mud from a house on October 31, 2024 after flash floods affected La Torre, in Valencia, eastern Spain. Spain’s AEMET weather center in Valencia warned of heavy rainfall at 7:30 a.m. on Tuesday, raising the alert level to red in some areas and warning residents to stay off the roads in case of floods. It was at 8 p.m. that cell phones finally buzzed with the public alert telling residents to stay indoors.

Persons: Spain CNN — Adan Ortell Mor, ”, Jose Jordan, Valencia, unawares, Carlos Mazon, Manzaneque, “, Manu Fernandez, Mor isn’t Organizations: Spain CNN, Valencia, CNN, La Torre Locations: Valencia, Spain, La Torre, “, Gota, La, AFP, Sedavi, Valencia city, Utiel, Adif

☆ Morgan Stanley says ‘this is the most important election’ in a long time for these tax-free assets
▼ + stars: | 2024-11-01 | by ( Michelle Fox | ) www.cnbc.com time to read: +8 min

Next week's presidential election could have a big impact on municipal bonds, according to Morgan Stanley. In that case, the federal tax exemption becomes worth more, said Dan Close, head of municipals at Nuveen. However, studies have shown a move of just a couple percentage points "doesn't really move the needle" for muni demand, Brandon said. The TCJA increased the AMT exemption and raised the income level at which the exemption would phase out. That's because banks and insurance companies in the U.S. own about a quarter of all outstanding muni bonds, he explained.

Persons: Morgan Stanley, Donald Trump, Kamala Harris, Craig Brandon, Harris, Dan Close, Brandon, MOrgan Stanley, munis, Nuveen's, —, Close, Trump, Morgan Stanley's Brandon, Byron Anderson, He's Organizations: taxpers, AMT, Trump, muni, munis, Republican, Medicare, Democratic, AAA, Investments Locations: Nuveen, U.S

☆ Federal Reserve rate cuts could prove to be a boon for Southeast Asian economies
▼ + stars: | 2024-11-01 | by ( Shafi Musaddique | Kevin Lim | ) www.cnbc.com time to read: +1 min

The U.S. Federal Reserve's decision to cut interest rates in September, with further reductions expected, could prove to be a boon for the emerging economies of Southeast Asia. David Sumual, chief economist of Bank Central Asia, said Indonesia is one such country that could take advantage of both short-term and long-term Fed policy. Higher rates in the U.S. have traditionally been a negative for emerging markets as U.S. investors typically send their dollars home in search of decent yields. But on the flipside, when U.S. rates ease, it can boost emerging markets who see renewed flows into their economies. Global commodities (a cornerstone of many emerging markets) also tend to rise in price as the U.S. dollar drops on a more dovish outlook by the Federal Reserve.

Persons: Saurabh Agarwal, Warburg Pincus, CNBC's, David Sumual Organizations: U.S, Federal, Warburg, Bank Central, CNBC, Federal Reserve Locations: Southeast Asia, Asia, Bank Central Asia, Indonesia, U.S

☆ Greek banks are 'confident about the future', Piraeus Bank CEO says
▼ + stars: | 2024-11-01 | 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 EmailGreek banks are 'confident about the future', Piraeus Bank CEO saysPiraeus Bank CEO Christos Megalou discusses the lender's latest financial results and the state of the Greek banking system.

Persons: Christos Megalou Organizations: Piraeus Bank

☆ Jefferies explains its underperform ratings on major China banks
▼ + stars: | 2024-11-01 | 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 EmailJefferies explains its underperform ratings on major China banksShujin Chen, head of China FIG research at Jefferies, attributes its ratings to market reforms, but adds that "we actually like China banks."

Persons: Jefferies, Shujin Chen Organizations: China FIG, Jefferies Locations: China

Business Insider selected 25 young professionals 35 and under for its rising stars of Wall Street list. AdvertisementThere's no shortage of colorful characters depicting Wall Street. Two of those are fictional movie characters, and one was based on real person, but they have all shaped the public's perception of what working on Wall Street could be like. We asked up-and-comers on Wall Street about the shows, movies, or books that best represent their daily lives. Here are the shows, movies, or books that give a flavor of what it's like to work on Wall Street.

Persons: —, Mark Zhu, There's Organizations: Service, Blackstone

☆ European markets expected to open lower ahead of euro zone inflation data
▼ + stars: | 2024-10-31 | by ( Holly Ellyatt | ) www.cnbc.com time to read: +1 min

Traders sit in front of trading screens at ETX Capital in central London on January 3, 2017. LONDON — European markets were heading for a lower open Thursday as investors look ahead to the latest euro zone inflation data. The preliminary reading for October will be closely watched as it will inform the European Central Bank as to the trajectory of expected interest rate cuts. Flash economic data published Wednesday showed that the euro zone economy grew 0.4% in the third quarter of 2024, above the 0.2% rise expected by economists polled by Reuters. There are more earnings Thursday with Shell , Stellantis , Maersk , AB Inbev and Carlsberg reporting.

Persons: Rachel Reeves Organizations: London's FTSE, European Central Bank, Reuters, Shell, Maersk, AB Inbev, Carlsberg, Labour Locations: London, London's

☆ CNBC's Inside India newsletter: India's deepening ties with natural gas
▼ + stars: | 2024-10-31 | by ( Ganesh Rao | ) www.cnbc.com time to read: +7 min

Currently, more than 80% of India's energy needs are met by coal, oil and solid biomass, according to the International Energy Agency. On the demand side, the Indian government has aggressively pushed policies that favor vehicles powered by compressed natural gas (CNG), a derivative of liquified natural gas (LNG). Meanwhile, the number of households that could receive piped natural gas is more than 300 million. For instance, natural gas is a crucial ingredient for making fertilizers, and manufacturing it domestically helps increase food security. Seth is also optimistic about India's growth rate for its third and fourth quarters despite slower capital expenditure in some states.

Persons: Punit Paranjpe, Francis Mascarenhas, They're, Maruti Suzuki, GAIL, MGL, of Home Affairs Amit Shah, David Morrison, Shah, Ajay Seth, Seth, Aravind Maiya, Embassy REITs, Maiya, Landsberg Bennett, Michael Landsberg, Landsberg Organizations: Gas, Private, Afp, Getty, International Energy Agency, Energy, Reuters, Maruti, Institute for Energy Economics, Rystad Energy, Citi, JPMorgan, Gujarat Gas, of Home Affairs, Foreign, Department of Economic, Reserve Bank of India, CNBC, Embassy, Fortune, Wealth Locations: Dhamra, Bhadrak district, India's Odisha, India, Europe, Ukraine, Moscow, Russia, Iraq, Saudi Arabia, Pune, Gujarat, Canada, U.S

☆ Death toll in Spain's floods rises to 158, among Europe's worst storm disasters
▼ + stars: | 2024-10-31 | by ( ) www.cnbc.com time to read: +5 min

A man with a shovel stands on a mud-covered street in the aftermath of torrential rains that caused flooding, in Paiporta, Spain, October 31, 2024. A view shows an area affected by heavy rains that caused flooding near Valencia, Spain, October 31, 2024. People stand next to damaged surface metro tracks in the aftermath of torrential rains that caused flooding, in Paiporta, Spain, October 31, 2024. Stranded cars are piled up on the street, following floods, in La Torre neighbourhood in Sedavi, Valencia, Spain, October 31, 2024. A woman kneels down against a wall as mud fills the street in Sedavi, Valencia, Spain, October 31, 2024.

Persons: Eva Manez, Angel Victor Torres, Mayor Maria Jose Catala, La Torre, Doce, Laura Villaescusa, Maribel Albalat, Antonio Molina, Molina's, Oscar Puente, Puente, Susana Vera, Pedro Sanchez, Ricardo Gabaldon Organizations: Rescue, Mayor, Reuters, La Torre, Interior Ministry, TVE Locations: Paiporta, Spain, Valencia, Germany, Romania, Portugal, La, Madrid, La Torre, Sedavi, Valencia city, Spanish, Utiel

☆ New rule may make it easier to switch banks and transfer your financial data
▼ + stars: | 2024-10-31 | by ( Jeanne Sahadi | ) edition.cnn.com time to read: +6 min

A new regulatory rule finalized this month by the Consumer Financial Protection Bureau aims to reduce that hassle and make it easier, more secure and always free for customers to switch accounts or to simply transfer or share their financial data from their banks, credit card issuers and other financial service providers upon request. “The problem the CFPB (rule) is addressing is the paperwork required of consumers to change accounts. Financial providers must make this information available without charging fees.”The rule will also restrict how third parties may use and retain the data consumers request be shared. Banks push backThe banking industry wasted no time in expressing its displeasure with the new rule — known as the personal financial data rights rule. “Dodd-Frank only requires banks to provide financial data to consumers.

Persons: it’s, ”, Adam Rust, Rohit Chopra, ” Rust, “, That’s, ” Chopra, Banks, Rob Nichols, —, ” Jaret, “ Dodd, Frank, ” Seiberg, Chopra, they’ve Organizations: CNN, Consumer Federation of America, Consumer Financial, Federal Reserve Bank of Philadelphia, American Bankers Association, Bank Policy Institute, Kentucky Bankers Association and, Cowen Washington Research Group Locations: Kentucky Bankers Association and Kentucky, Las Vegas

☆ These stocks are likely to gain from the UK’s major budget announcement, analysts say
▼ + stars: | 2024-10-31 | by ( Ganesh Rao | ) www.cnbc.com time to read: +5 min

Investment banks also suggested that stocks that had dipped ahead of the budget are likely to now gain on better-than-expected outcomes. "The U.K. budget was a clear signal that the new govt. Banks Investors in U.K. bank stocks will also be relieved as no new tax measures were applied to lenders specifically. RBC Capital Markets analysts echoed the view, saying the budget "included no major surprises relevant to the wealth sector." Any changes to the rules were a "relatively benign outcome for the sector" and removed an "event risk" for stocks, the investment bank said.

Persons: Roberta Ciaccia, Balfour Beatty, Rachel Reeves, Jefferies, Graham Hunt, Balfour Beatty's, AJB's, Genuity, Canaccord Genuity, Alex Brooks, Brooks Macdonald Organizations: Labour, City, Investment, Infrastructure Civil, U.K . Finance, Jefferies, Rail, Defence, Banks, RBC Capital Markets, AIM, London Stock Exchange's, Ashtead Tech, Aquis, FactSet, RBC, Tatton Asset Management Locations: Transport, Britain, Quilter

☆ Before-and-after images of Spain flooding show parts country underwater
▼ + stars: | 2024-10-31 | by ( Mary Gilbert | ) edition.cnn.com time to read: +2 min

CNN —The deadly flooding that rocked Spain this week following intense, historic rainfall is so expansive and severe the area looked like an inland sea from space. Parts of the area now look like an extension of the Balearic Sea after unprecedented rainfall turned what should be dry ground into a vast expanse of water, satellite imagery captured on October 30 shows. Satellite imagery taken on October 8 and October 30 show the before and after of this week's flooding in east-central coastal Spain. Cars are piled in the street with other debris on October 30, 2024, after flash flooding rocked the Sedaví area of Valencia, Spain. Rapid analysis is done in the immediate aftermath of extreme weather events by analyzing data and climate models to establish what role climate change played.

Persons: David Ramos, Brandon Miller, CNN’s Laura Paddison Organizations: CNN, ESA, Getty, AEMET Locations: Spain, Balearic, Valencia’s, Valencia

☆ Five things to watch out for in Week 9 of the NFL season
▼ + stars: | 2024-10-31 | by ( Andy Scholes | Ben Morse | ) edition.cnn.com time to read: +25 min

CNN —It’s hard to believe, but after this week, the 2024 NFL regular season will have reached its halfway point. The Texans themselves are dealing with their own issues, with star wide receiver Stefon Diggs ruled out for the season with a knee injury. Jed Jacobsohn/AP Indianapolis Colts wide receiver Alec Pierce is tackled by Miami Dolphins linebacker Jordyn Brooks on October 20 in Indianapolis. Samuel became the first wide receiver in NFL history with 20 touchdown receptions and 20 touchdown runs after scoring on a 76-yard touchdown catch. Ken Blaze/USA Today Sports/Reuters Washington Commanders running back Brian Robinson Jr. breaks a tackle from Tampa Bay Buccaneers linebacker K.J.

Persons: CNN —, We’ve, Aaron Rodgers, “ I’ve, You’ve, Rodgers, Davante Adams, Thomas Morstead, “, he’s, ”, I’ve, Stefon Diggs, Jayden Daniels, Daniels, ” Daniels, Nick Wass, “ I’ll, ” Tua, Tua Tagovailoa, Damar Hamlin, Tagovailoa, Carmen Mandato, Josh Allen, Amari Cooper, Von Miller, Jordan Love, Love, it’s, Malik Willis, Love can’t, Jared Goff, Noah Brown, Mary, Peter Casey, Bo Nix, Morgan Engel, Chase Brown, Sydney Brown, Joseph Maiorana, Sam Darnold, Byron Young, Young, Tra Blake, Mark J, Terrill, Justin Herbert, Mack Wilson Sr, Michael Owens, Chris Conley, Trent McDuffie, Jed Jacobsohn, Alec Pierce, Jordyn Brooks, Andy Lyons, Brandon McManus, Morry Gash, Zach Ertz, Greg Fiume, DaVon Hamilton, Julian Finney, Riley Moss, Ladd McConkey, Ron Chenoy, Brian Branch, Matthew Pearce, Patrick McDermott, Pat Surtain, AAron Ontiveroz, C.J, Gardner, Johnson, David Njoku, Matt Rourke, Claudin, Kirk Cousins, Grant Halverson, Caleb Williams, Williams, Zac Goodwin, Deebo Samuel, Samuel, John Froschauer, Isaac Yiadom, Ji'Ayir Brown, DK Metcalf, Steven Bisig, Willie Gay Jr, Gay, Ed Zurga, Camryn Bynum, Steve Luciano, Keon Coleman, Eric Gay, Trevor Lawrence, David Rosenblum, Daniel Whelan, Gregory Bull, Trey Sermon, Nathan Ray Seebeck, Ka'imi Fairbairn, Deommodore Lenoir, Ezra Shaw, Cooper Neill, Christian Petersen, Tremon Smith, Greg Zuerlein, Seth Wenig, Ja'Tavion Sanders, Germaine Pratt, Eric Murray, George Kittle, Darius Slayton, Eric Kendricks, Brad Penner, Reuters Damar Hamlin, Bryan M, Bennett, Calvin Austin III, Brandon Sloter, Johnny Mundt, Stephen Maturen, John Amis, Aaron Jones, Stacy Bengs, Dak Prescotts, Allen Lazard, Alex Austin, Darnell Mooney, Matt Slocum, Patrick Mahomes, Dax Hill, Jay Biggerstaff, Deebo Samuel Sr, Ivan Pace Jr, Abbie Parr, Alvin Kamara, Kamara, Tim Heitman, Jasen, Caroline Brehman, Shutterstock, Dak Prescott, Prescott, Ken Blaze, Brian Robinson Jr, K.J, Britt, Jaylen Waddle, Hill, Stephanie V, Al Diaz, Justin Fields, Danny Karnik, Okonkwo, Tyrique Stevenson, David Banks, Reuters Rhamondre Stevenson, Jason Mowry, Andrew Van Ginkel, Vincent Carchietta, Rebecca Blackwell, Khalil Shakir, Justin Jones, Brooke Sutton, São Paulo, South America Kirby Lee, Taylor Swift, Travis Kelce, Reed Hoffmann, Isaiah, Patrick Mahomes scrambles, Charlie Riedel, Tom Brady, Chris Godwin, Mike Evans isn’t, Quarterback Baker Mayfield, Mayfield, Mike Evans –, Kevin Sabitus Organizations: CNN, NFL, Kansas City Chiefs, Washington Commanders, New York Jets, National Football League, Jets, Patriots, Houston Texans, Texans, Chicago Bears, New York Giants, Washington, Giants, Steelers, Eagles, Cowboys, Bills, Miami Dolphins, Buffalo Bills, Arizona Cardinals, Miami, Dolphins, Cleveland Browns, Lions, Packers NFC, Green Bay Packers, Detroit Lions, Green, Jaguars, Love, Titans, Hard, Sunday, Getty Images, USA, Sports, Reuters Denver Broncos, Broncos, Carolina Panthers, Getty Images Cincinnati Bengals, Philadelphia Eagles, Reuters Minnesota Vikings, Los Angeles Rams, Rams, Los Angeles Chargers, Chargers, Getty, San Francisco 49ers, AP Indianapolis Colts, The Colts, Packers, AP Washington, Getty Images Jacksonville Jaguars, New England Patriots, Getty Images Denver Broncos, Reuters Detroit Lions, Dallas Cowboys, The Lions, Denver Post, AP Carolina Panthers, Atlanta, Panthers, Getty Images Chicago Bears, Jacksonville Jaguars, Tottenham Hotspur, Seattle Seahawks, Reuters New, Reuters New Orleans Saints, Chiefs, Saints, AP Minnesota Vikings, Vikings, AP Buffalo Bills, AP Jacksonville Jaguars, Indianapolis Colts, Reuters Houston Texans, AP San Francisco 49ers, Deommodore, Cardinals, 49ers, Las Vegas Raiders, Minnesota Vikings, Cincinnati Bengals, Bengals, Getty Images Houston Texans, Jacksonville, AP New York Giants, Reuters, Getty Images Pittsburgh Steelers, Getty Images Minnesota Vikings, Tennessee Titans, AP Dallas Cowboys, Baltimore Ravens, The Jets, Reuters Atlanta Falcons, AP Kansas City Chiefs, Super Bowl, Reuters San Francisco 49ers, AP New Orleans Saints, Reuters Miami Dolphins, Reuters New York Jets, AP Los Angeles Chargers, Shutterstock Dallas Cowboys, Reuters Washington, Tampa Bay Buccaneers, Buccaneers, Dade Police, Miami Herald, Tribune, Service, Atlanta Falcons, Falcons, AP Tennessee Titans, Bears, São Paulo, The Eagles, Neo, AP Baltimore Ravens, Arrowhead, Super, Sunday Dallas Cowboys, Denver Broncos, Orleans Saints, Vegas Raiders Locations: Washington, Maryland, Arizona, Buffalo, Green Bay, Miami, Landover , Maryland, Denver, Cincinnati, Inglewood , California, Glendale , Arizona, Santa Clara , California, Indianapolis, Green Bay , Wisconsin, London, Arlington , Texas, Philadelphia, Charlotte , North Carolina, Seattle, Reuters New Orleans, Kansas City , Missouri, Houston, Jacksonville , Florida, East Rutherford , New Jersey, Orchard Park , New York, Pittsburgh, Minneapolis, Nashville, Miami Gardens , Florida, Cleveland, Tampa , Florida, Atlanta, Chicago, São, South America, Tampa Bay

☆ Republican and Democrat stock baskets from UBS heading into the election
▼ + stars: | 2024-10-31 | by ( Brian Evans | ) www.cnbc.com time to read: +3 min

With polling forecasting a close race in the U.S. presidential election , UBS is eyeing two baskets of stocks to prepare for either outcome. Overall, UBS said stocks within its Trump administration beneficiaries basket indicate a win for the former president next week. Here is a look at some of the stocks UBS has placed in each grouping. Also, a Trump administration could roll back some actions that were favorable to utilities with exposure to renewables. Other sectors that can benefit from a Harris win include homebuilding as well as child care and employment agencies, Garthwaite added.

Persons: Andrew Garthwaite, Donald Trump, Kamala Harris, Garthwaite, Harris, Goldman Sachs, David Solomon, Trump Organizations: U.S, UBS, Institute of International Finance, Trump, Citigroup, Goldman, Citi, Nike, Democratic Locations: U.S, China, Goldman Sachs, Beijing

☆ Spain hit by deadliest floods in decades. Here’s what we know
▼ + stars: | 2024-10-31 | by ( Sophie Tanno | Laura Paddison | ) edition.cnn.com time to read: +7 min

Oscar Del Pozo/AFP/Getty ImagesAt least 40 people, six of whom were in a retirement home, died in the town of Paiporta in Valencia, Spanish state news agency EFE reported, citing its mayor. Extreme rain warnings were put in place for some areas including around Valencia, according to Spain’s Meteorological Agency, AEMET. “This suggests the system for alerting people to the dangers of floods in Valencia has failed, with fatal consequences. Extreme weather warnings continue for portions of eastern and southern Spain, according to AEMET, with more rain expected. This week’s floods are the most deadly Spain has suffered in decades.

Persons: Oscar Del Pozo, EFE, Margarita Robles, Carlos Mazon, Hannah Cloke, ” Cloke, ”, Pedro Sanchez, Sanchez, don’t, Eva Manez, Ernesto Rodríguez Camino, Vega Organizations: CNN, Vehicles, Getty, Spain’s, Spain’s Meteorological Agency, UK’s University of Reading, Valencia, Spanish, Spanish Securities, Emergencies, Spanish Meteorological Association Locations: Spain, Valencia, Spanish, Letur, AFP, Paiporta, Murcia, Malaga, Andalusia, Spain’s, Europe, Orange, Castellon, Ribadelago, Biescas, Germany, Belgium

☆ The E.U. is imposing duties on electric vehicles from China after trade talks fail
▼ + stars: | 2024-10-30 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Ap-Live-Blog-Byline-Image.Png | The Associated Press | ) www.nbcnews.com time to read: +3 min

BRUSSELS, Belgium — The European Union is imposing duties on imports of electric vehicles from China starting Wednesday after talks between Brussels and Beijing failed to find an amicable solution to their trade dispute. According to the commission, which manages trade disputes on behalf of the 27 E.U. member countries, sales of Chinese-built electric cars jumped from 3.9% of the EV market in 2020 to 25% by September 2023, in part by unfairly undercutting E.U. Other EV manufacturers in China, including Western companies such as Volkswagen and BMW, would be subject to duties of 20.7%. The measures were published in the bloc’s legal Official Journal late Tuesday, meaning duties entered into force as of midnight, said E.U.

Persons: we’re, Valdis Dombrovskis, undercutting, ’, Hildegard Müller, VDA, ” Müller, E.U, Arianna Podesta Organizations: Trade Organization, SAIC, Geely, Volvo, Britain’s MG, EV, Volkswagen, BMW, China’s Commerce Locations: BRUSSELS, Belgium, China, Brussels, Beijing, Germany

☆ S&P 500 to move 2% on election, with some markets set to be even more volatile, options indicate
▼ + stars: | 2024-10-30 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +2 min

Options traders are buckling down for outsized volatility around next week's election, according to Goldman Sachs. Two of the funds with the highest implied volatility are linked to China: the KraneShares CSI China Internet ETF (KWEB) and the iShares China Large-Cap ETF (FXI) . Crypto is already a volatile area, but Trump's embrace of the industry during his campaign could spark a significant reaction. The options market implies a move of more than 7% for ProShares Bitcoin ETF (BITO) , according to Goldman. BITO, which holds bitcoin futures, did not exist in 2020, so there are no prior election comparisons for the fund.

Persons: Goldman Sachs, John Marshall, Donald Trump's, Crypto, Goldman, BITO Organizations: CSI China Internet, Regional Banking, Republicans, ProShares, U.S . Securities, Exchange Commission Locations: China, U.S

☆ Nate Silver: Don't trust the Trump swing in 2024 presidential election polls, betting markets data
▼ + stars: | 2024-10-30 | by ( Eric Rosenbaum | ) www.cnbc.com time to read: +4 min

Silver told Fortt that his current model shows the odds favoring Trump, who holds a 55% to 45% win probability advantage over Harris. Most people no longer even have the landline phones which past election cycle polling history relied on. Why the betting markets may be all 'vibe and chatter'The betting markets show a much bigger edge for Trump, with major wagers placed on Polymarket, Robinhood jumping into the action, and presidential election contracts surging in popularity. Critics have raised concerns that the election betting markets are potentially being manipulated. But Silver, who is a consultant to one of the leading prediction markets, Polymarket, says he wouldn't pay much attention to the betting markets data right now, as they simply may not be very accurate at this moment in the election cycle.

Persons: Nate Silver, Donald Trump, Kamala Harris, Silver, Trump, CNBC's, Jon Fortt, Fortt, Harris, Ken Griffin, Stanley Drunkenmiller, Critics Organizations: New York Times, CNBC Technology, CNBC, Trump, Trump Media Locations: New York City

☆ United Airlines raises spending requirements to earn frequent flyer status
▼ + stars: | 2024-10-30 | by ( Leslie Josephs | ) www.cnbc.com time to read: +2 min

The thresholds to earn elite status on the airline's MileagePlus program are going up about 25% and include either spending on a co-branded card or a combination of spending and flying. The lowest level status, Silver Premier in 2025 will require customers to earn 5,000 premier qualifying points, or PQP, and fly 15 qualifying flights, up from 4,000 premier qualifying points and 12 qualifying flights. Travelers earn one PQPs for every $1 they spend on United and other qualifying flights. Earning Silver status only by spending— meaning getting to that status without the qualifying flights — will go for 6,000 points, up from 5,000. That would mean customers could spend $6,000 on United flights up from $5,000, regardless of the number of flights they take.

Organizations: United, American Airlines, Delta Air Lines, Airlines, Silver, —

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