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☆ No other sector has more on the line in this election than energy. How to play it
▼ + stars: | 2024-10-28 | by ( Spencer Kimball | ) www.cnbc.com time to read: +7 min

The Invesco Solar ETF (TAN) and the iShares Global Clean Energy ETF (ICLN) have tumbled more than 9% and 10%, respectively. While Trump's platform says he wants to unleash production from all sources, the document specifically calls out oil, gas and nuclear. How voters perceive the two candidates' energy policies could end up playing an influential role in the outcome of the election altogether. While the election will bring short-term volatility, the solar industry remains well positioned for long-term growth, according to Bank of America. About 25% of oil and 10% of natural gas production is on federal land and waters, according to the bank.

Persons: Donald Trump, Kamala Harris, Harris, fracking, Barack Obama, Trump, Steve Fleishman, Roger Read, Read, Biden, Morgan Stanley Organizations: Trump, Republican, Green New, Clean Energy, Bank of America, Keystone State, GOP, Republicans, Democratic, Wolfe Research, Wells, Wells Fargo Securities . Oil, Biden, CNBC, Exxon, Chevron Locations: Wisconsin , Michigan, Pennsylvania, China, Trump, Wells Fargo, U.S, New Mexico, Gulf of Mexico, Alaska, Iran, Tehran

☆ Jeff Bezos has just as much at stake in this election as Elon Musk
▼ + stars: | 2024-10-28 | by ( Tom Carter | ) www.businessinsider.com time to read: +5 min

The billionaire has been less prominent in the election than Elon Musk — but still has much at stake. Bezos's Blue Origin is working with NASA and the Pentagon as it plays catch-up with Musk's SpaceX. Executives from Bezos' rocket company Blue Origin, including CEO Dave Limp, spoke with Donald Trump on Friday, The Associated Press reported. Like all private space companies, Blue Origin relies heavily on federal contracts and is competing with SpaceX for government and military projects. Blue Origin did not respond to a request for comment from Business Insider.

Persons: Jeff Bezos's, Elon Musk, —, Jeff Bezos, Dave Limp, Donald Trump, Kamala Harris, William Lewis, Bezos, Lewis, Robert Kagan, Michele Norris, Marty Baron, Baron, Elon, Artemis, it's, SpaceX's, Trump Organizations: Washington Post, NASA, Pentagon, Musk's SpaceX, Service, Bezos, Associated Press, New York Times, Trump, SpaceX, Republican, PAC, Business, Bloomberg, White, Twitter, United States Post, United States Postal Service, Web Services, of Defense, Microsoft Locations: Washington, The Texas, Amazon

☆ Jeff Bezos defends Washington Post non-endorsement after subscribers flee and staffers resign
▼ + stars: | 2024-10-28 | by ( Jon Passantino | Liam Reilly | ) edition.cnn.com time to read: +3 min

“Presidential endorsements do nothing to tip the scales of an election,” Bezos, the billionaire Amazon founder, wrote. “No undecided voters in Pennsylvania are going to say, ‘I’m going with Newspaper A’s endorsement.’ None. High-profile Post staffers have also publicly expressed their dismay over how the situation was handled and raised questions over the reason for the eleventh-hour decision. “That was inadequate planning, and not some intentional strategy.”Hours after Post publisher Will Lewis announced the news Friday, Trump met with executives from Blue Origin, a Bezos-founded spacefaring company. Neither campaign nor candidate was consulted or informed at any level or in any way about this decision.

Persons: Jeff Bezos, ” Bezos, “, I’m, ’, Kamala Harris, Marty Baron, “ craven, Donald Trump, Harris, Bezos, Will Lewis, Trump, ”, Dave Limp, —, It’s Organizations: CNN, Washington Post, Post, “, Amazon, House, Blue, Trump, Blue Origin Locations: Pennsylvania

☆ McDonald’s needed to win Americans back. Then came an E. coli outbreak
▼ + stars: | 2024-10-28 | by ( Allison Morrow | ) edition.cnn.com time to read: +5 min

New York CNN —Even for a brand as gargantuan as McDonald’s, the last few months have been… a lot. The timing of the outbreak is especially challenging for McDonald’s as it has been trying to win back customers who’ve been put off by higher prices. Over the summer McDonald’s did an about face to try to win people back. “It had been a pretty strong quarter.”And absent the E. coli outbreak, Tuesday’s earnings call might have been all about the value menu and the Crocs. The length and severity of the outbreak is now a wild card for analysts as they assess McDonald’s financial future.

Persons: CNN Business ’, Chris Gaulke, Cornell University’s Nolan, who’ve, Chris Kempczinski, McDonald’s, They’ve, ” RJ Hottovy, it’s, ” Hottovy, “ McDonald’s, McDonald’s didn’t, “ We’ve, Sara Senatore, Chipotle, ” Senatore, “, ”, Wendy’s Organizations: CNN Business, New York CNN, shimmer, New York Mets, Cornell University’s, Cornell University’s Nolan School of Hotel Administration, Associated Press, Colorado Department of Agriculture, Bank of America, Wendy’s Locations: New York

☆ Olympus shares drop over 5% after CEO resigns over drug allegation
▼ + stars: | 2024-10-28 | by ( Dylan Butts | ) www.cnbc.com time to read: +2 min

The Olympus Corp. flag flies outside the company's Ishikawa research development facility in Tokyo, Japan, on Monday, March 14, 2022. Shares of Japanese camera giant Olympus Corp fell on Monday after the company announced the resignation of its chief executive officer over a drug allegation. The stock slid 5.3% on the Tokyo Stock Exchange following news of Stefan Kaufmann's resignation, according to LSEG data. So far this year, Olympus shares have jumped 31.9%, outperforming Japan's benchmark Nikkei 225, which has risen 13.3%. Kaufmann, 56, who had worked at Olympus for two decades, complied with a request to offer his resignation, the company added.

Persons: Stefan Kaufmann's, Olympus, Stefan Kaufmann, Kaufmann, Yasuo Takeuchi, Takeuchi, Michael Woodford Organizations: Olympus Corp, Tokyo Stock Exchange, Olympus, Nikkei, CNBC, Toyota Motor, America Locations: Tokyo, Japan

☆ Michael Bloomberg recently gave $50 million to support Kamala Harris — but only after a pressure campaign: report
▼ + stars: | 2024-10-28 | by ( Alice Tecotzky | ) www.businessinsider.com time to read: +3 min

Michael Bloomberg donated $50 million to a nonprofit supporting Harris' campaign, per the NYT. AdvertisementMichael Bloomberg, the former New York City mayor and presidential candidate, recently donated around $50 million to a nonprofit organization supporting Vice President Kamala Harris' campaign, according to the New York Times. Though Bloomberg typically makes public campaign donations, he intended for this contribution to remain secret, the Times reported. Harris herself hopped on a call with the billionaire, and he donated the money soon after, according to the Times. Trump has amassed his own army of billionaire donors, including Elon Musk and Timothy Mellon.

Persons: Michael Bloomberg, Harris, —, Kamala Harris, Worth, Bloomberg, Reid Hoffman, Bill Gates, George Soros, Trump, Elon Musk, Timothy Mellon, Bloomberg didn't Organizations: Bloomberg, Service, New, New York City, New York Times, Times, Forbes, titans, Wall Street, Silicon, LinkedIn, Microsoft, Elon Locations: New York

☆ Three Washington Post editorial board members step down amid wave of canceled subscriptions over non-endorsement
▼ + stars: | 2024-10-28 | by ( Hadas Gold | ) edition.cnn.com time to read: +4 min

A person with knowledge of the matter told CNN that an endorsement of Vice President Kamala Harris had been drafted by the Post’s editorial board members before it was quashed by Bezos. NPR reported that by midday Monday more than 200,000 people had canceled their digital subscriptions to the Post, citing two people familiar with the matter. Two Post journalists, Molly Roberts and David E. Hoffman both announced Monday they had stepped down from their positions on the editorial board, although both will stay at the paper. A third journalist, Mili Mitra also stepped down, the Post reported, meaning nearly one-third of the 10-member board had resigned. “I cannot sit here any longer on the editorial board and write those editorials while we ourselves have given in to silence,” he said.

Persons: Jeff Bezos’s, David Shipley, Kamala Harris, Bezos, Shipley, “, ”, Donald Trump’s, Molly Roberts, David E, Hoffman, Mili Mitra, Trump, we’re, Roberts, Donald Trump, Marty Baron, ” Baron, CNN’s Michael Smerconish, Bezos “, Baron, “ Bezos, “ Trump, Brian Stelter Organizations: New, New York CNN, Washington, CNN, NPR, Washington Post, Blue Origin, Trump, Post Locations: New York, Amazon

☆ The end of American careerism
▼ + stars: | 2024-10-28 | by ( Aki Ito | ) www.businessinsider.com time to read: +13 min

AdvertisementClimbing the corporate ladder was once the cornerstone of the American dream. Maybe that's why earlier this year, a young New Yorker struck a chord on TikTok when he vowed to "descend the corporate ladder." Eventually, he got promoted into a corporate office role, and that opened up even more opportunities for advancement. "That was a betrayal from a company I had been incredibly dedicated to," Zack told me. Besides, the dream of climbing the corporate ladder was probably never as great as it seemed to be.

Persons: Zack, I'm, I've, Randstad, James Yates, Dell, careerism, Benjamin Franklin —, Shoshana Zuboff, James, he's, who's, Gen, Xers, Gen Zers, Michel Anteby, Aki Ito Organizations: New Yorker, Industrial, . Companies, Harvard Business School, BI, Professionals, Gallup, Boston University, Business Locations: United States, Italy, Spain, New Zealand, New, America

☆ The crypto industry has spent millions this election. Here's what it hopes to get in return.
▼ + stars: | 2024-10-27 | by ( Katie Balevic | Kenneth Niemeyer | ) www.businessinsider.com time to read: +6 min

The crypto industry has spent tens of millions on pro-crypto candidates this election cycle. Crypto companies, executives, and super PACs have spent huge sums this election cycle, outspending even perennial big spenders like the Koch family, according to Federal Election Commission filings. The crypto industry has outspent every other industry, injecting almost $120 million into federal races as of August, according to OpenSecrets, a nonprofit that tracks campaign spending. AdvertisementTrump, who once called crypto a scam, has more recently fueled hope that he'd be good for crypto entrepreneurs. Richardson said Exodus also donated $1.3 million to Stand With Crypto, an advocacy organization that focuses on voter registration and informing people about political candidates who support crypto.

Persons: Donald Trump, Kamala Harris, —, Koch, Faireshake, OpenSecrets, Fairshake, — Sen, Katie Porter, Jamaal Bowman, Cori Bush —, Democratic Sen, Sherrod Brown, Republican Bernie Moreno, Crypto, Moreno, JP Richardson, Trump, there's, Gary Gensler, Gensler, Richardson, Harris, Barry DiRaimondo, DiRaimondo, we're, Exodus Organizations: Service, Democratic, Republican, Industry, Business, Securities and Exchange Commission, Trump, SEC, Crypto, New York Stock Exchange Locations: Ohio, America, Nashville

☆ Big Tech CEOs are calling up Trump, seeking to rekindle their relationship with former president ahead of Election Day
▼ + stars: | 2024-10-27 | by ( Steve Contorno | Alayna Treene | ) edition.cnn.com time to read: +8 min

The stepped-up push by some of the world’s most influential Big Tech leaders to speak with the former president ahead of Election Day comes amid an exceptionally tight race between Trump and Vice President Kamala Harris. And it’s the latest sign of the greater business community seeking to rekindle a relationship with the former president in anticipation of a potential second term. I don’t want to have him, his administration, going after us,’” a person close to Trump told CNN. “If you look at Google lately, I think you’re going to see they’ve become much more inclined towards Trump,” the former president told conservative radio host Hugh Hewitt. “Let me tell you: All of those companies will be set free, if you have the right president,” Trump said.

Persons: Donald Trump, Tim Cook chatted, Trump, Sundar Pichai, “, ” Trump, Joe Rogan’s, Andy Jassy, Mark Zuckerberg, Kamala Harris, Elon Musk, Musk, ’, Evan Vucci, Jassy, Jeff Bezos, Michael M, Zuckerberg, he’s, Joe Biden’s, ”, Hugh Hewitt, “ They’re, Cook, ” CNN’s Clare Duffy, Kate Sullivan Organizations: CNN —, Trump, Apple, Las, Google, Republican, Amazon, CNN, Meta, Big Tech, Mar, Department of Justice, Silicon, Washington Post, Getty, Associated Press, titans, Facebook, Biden’s Department of Justice, Economic, of Chicago, European Union Locations: Europe, Las Vegas, Pennsylvania, Butler , Pennsylvania, New York City, Austin , Texas, Menlo Park , California, Harris

Federal authorities, meanwhile, say their security procedures are sound heading into Election Day, Nov. 5. Its domestic flight bookings are down 19% for the week of the election compared with the same week last year. That has left more room for political jitters to creep into consumers’ travel considerations, travel agents say. That’s partly why Olivia MacLeod Dwinell, 64, and her husband Ross Dwinell, 74, were in Europe this month. Olivia MacLeod Dwinell and her husband, Ross Dwinnell.

Persons: Emily Reeve, “, ”, Reeve, Ed Bastian Delta, Ed Bastian, Delta, they’d, Kamala Harris, Donald Trump, they’re, Kelly Soderlund, Thibaud Moritz, ” Soderlund, Transportation Security Administration “, Jeffrey Price, Olivia MacLeod Dwinell, Sonia Bhagwan, Ross Dwinell, Dwinell, Ross’s, “ We’re, ” Kimberly Kracun, Kimberly, Ross Dwinnell, Olivia MacLeod Dwinell “, ” Kracun, Chirag, Panchal Organizations: Federal, Delta Air, Ed Bastian Delta Air, CNBC, United Airlines, AFP, Getty, Republican, Trump, Transportation Security Administration, ” Flyers, MMGY Travel Intelligence, Future Partners, Baby Boomers, Chirag Panchal, Dallas Locations: Hawaii , Florida, Portland , Oregon, U.S, Navan, Portland, Europe, London, France, Harpers Ferry, West Virginia, Dallas

☆ Rucking meetings, the hot new business trend, combine networking with a popular fat-burning workout
▼ + stars: | 2024-10-26 | by ( ) www.businessinsider.com time to read: +7 min

Welcome to the era of the rucking meeting. "When you have those endorphins kicking, how can it go wrong when you're doing that type of exercise together?" "The beauty of the ruck is that there's no egregious feeling of 'You're doing less than me or I'm doing more than you.' Still, a bit of a challenge is part of what sets the ruck meeting apart. Getting your heart rate up prompts you to save your breath, cutting through the fluff: there's no such thing as a ruck meeting that could have been an email.

Persons: —, Rucking, Jeff Byers, Lee Heisman, Heisman, Casey Strunk, Michael Easter, Strunk, Ruck, We've, we're, Casey Strunk Rucking, rucking, It's Organizations: Service, NFL, Heisman, Founders, Strunk Insurance Locations: Atlanta, Phoenix

☆ I tried Elon Musk's Starlink WiFi on its first Qatar Airways flight. Making video calls at 36,000 feet is a game changer for business and leisure.
▼ + stars: | 2024-10-26 | by ( Pete Syme | ) www.businessinsider.com time to read: +5 min

I was on board Qatar Airways' first flight featuring Elon Musk's Starlink internet. AdvertisementQatar Airways launched its first flight featuring Elon Musk's Starlink WiFi on Tuesday — and Business Insider was invited to the event. I was flying in the QSuite business class for this media event, but Starlink WiFi is free for passengers in every cabin. By contrast, the Starlink WiFi was as high as 215 megabits — faster than most home internet speeds. Crucially, there's almost no downtime as Starlink operates gate-to-gate, while standard inflight WiFi is only activated at cruising altitude.

Persons: Elon Musk's, —, Elon, Starlink cupcakes, Pete Syme, Tom Boon, Thom, laud Organizations: Qatar Airways, Service, Business, Doha's Hamad International Airport, Skytrax, Airlines, United Airlines, Air Locations: Doha's, Qatar, London, Europe, Instagram, Air France, Persian

☆ Election Day stress is affecting some companies' sales
▼ + stars: | 2024-10-26 | by ( Alex Bitter | ) www.businessinsider.com time to read: +5 min

Companies from United to Nestlé have talked about a sales slowdown due to the presidential election. AdvertisementOther companies have invoked the election but not provided details about the dynamics leading consumers to pull back. AdvertisementPeople under 34 were also more likely than older consumers to put off a major financial commitment until after the election, 84.51 found. AdvertisementMany companies are also forecasting that demand will return after either Trump or Harris wins the election. Polls show that the race between Trump and Harris is close to a toss-up just over a week ahead of Election Day.

Persons: Nestlé, —, Kamala Harris, Donald Trump, Trump, Brian Olsavsky, Olsavsky, Anna Manz, Alex Trott, Trott, Gen, Ron Hill, Harris, George W, Bush, Hill Organizations: United, Service, Constellation Brands, Delta, Nestlé, Business, Research, Boomers, BI, Deutsche Bank, Harris, Modelo, Constellation, Kogod School of Business, Trump, White Locations: Modelo, Butler , Pennsylvania

☆ The Washington Post is in deep turmoil as Bezos remains silent on non-endorsement
▼ + stars: | 2024-10-26 | by ( Hadas Gold | ) edition.cnn.com time to read: +6 min

New York CNN —One day after The Washington Post announced it would not endorse a presidential candidate in this year’s election or in the future, its billionaire owner remains silent as the newspaper’s staff are in turmoil. A source with knowledge told CNN on Friday that an endorsement of Vice President Kamala Harris had been drafted before it was squashed. But when Baron was in charge of the newspaper, Bezos “resisted that pressure” and he was “proud” and “grateful” for that leadership. “Bezos has other commercial interests, a big stake and Amazon, he has a space company called Blue Origin,” Baron said. “Reporting around the role of The Washington Post owner and the decision not to publish a presidential endorsement has been inaccurate,” Lewis said.

Persons: Jeff Bezos, Bezos, Kamala Harris, Marty Baron, Trump, ”, ” Baron, CNN’s Michael Smerconish, Bezos “, Baron, “ Bezos, “ Trump, Will Lewis’s, Lewis, ” Lewis, “, Harris, Robert Kagan, Donald Trump, ” Kagan, CNN’s Erin Burnett OutFront, Steven Cheung, Stephen Miller, Kamala, Bob Woodward, Carl Bernstein, ” “ Organizations: New, New York CNN, Washington Post, CNN, Amazon, ”, The Washington Post, Post, Blue, Los Angeles Times, Blue Origin, Trump, Washington Locations: New York, America, Washington

☆ Warren Buffett says he won't endorse Kamala Harris or Donald Trump. Here's why he's staying out of politics.
▼ + stars: | 2024-10-26 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +3 min

Warren Buffett hasn't endorsed Kamala Harris in her presidential race against Donald Trump. Buffett has said he doesn't want to risk hurting his workers and shareholders by voicing his views. AdvertisementWarren Buffett has not endorsed Kamala Harris or Donald Trump, and made it clear this week he will not publicly back either presidential candidate. He didn't endorse Joe Biden either, although Biden reportedly told a group of Wall Street executives in October 2020 that he "just got off the phone with Warren Buffett." It's also possible Buffett has spoken to Harris behind the scenes.

Persons: Warren Buffett hasn't, Kamala Harris, Donald Trump, Berkshire Hathaway, Hillary Clinton, Buffett, —, Warren Buffett, Mr, Berkshire CEO's, Barack Obama, he's, he'd, shouldn't, Harris, Joe Biden, Biden, It's, Harris — Organizations: Berkshire, Obama, Service, Berkshire Hathaway's, Democratic, Wall Street Locations: Berkshire, Omaha

☆ Big companies are seeing more turnover in the CFO chair. Here's why that matters
▼ + stars: | 2024-10-26 | by ( Morgan Chittum | ) www.cnbc.com time to read: +9 min

CFO turnover hit 8.9% globally during the period, surpassing levels in 2022 and 2023. A global pandemic, increased geopolitical tensions overseas, supply chain disruptions and recession concerns have made the CFO role even harder. Jim Cramer also has pounded the table of the importance of the CFO role, arguing that "a good CFO can give you a feeling of a Good Housekeeping seal of approval." Moving forward, it's unclear whether CFO turnover will continue to pickup. "If a CFO immediately resigns intra quarter, what companies will do sometimes is reaffirm their guidance to ease investor concerns.

Persons: Zachary Kirkhorn, Deepak Ahuja, Russell Reynolds, CFOs, Steve Gallucci, —, they've, Goldman Sachs, David Viniar, Josh Crist, Crist, Raymond James, Paul Shoukry, Jim Cramer, Amy Hood, Hood, we've …, Costco's Richard Galanti, Eli Lilly, Anat Ashkenazi, Ashkenazi, Ruth Porat, Apple, Luca Maestri, Amy Weaver, Mike Stepniak, Jeff Marks, Marks, It's, Jim Cramer's, Jim Organizations: Wall Street, Deloitte's Global, CNBC, Fortune, Goldman, Bloomberg News, Kolder, Microsoft, Honeywell, Federal, Jim Cramer's Charitable, Istock, Getty

☆ What's in a title? How hedge funds and their employees use the industry's lack of consistency to their advantage
▼ + stars: | 2024-10-25 | by ( Bradley Saacks | ) www.businessinsider.com time to read: +9 min

The lack of uniformity allows both firms and employees to present themselves in the best light. This lack of uniformity and the relentless war for talent has firms and employees alike taking advantage of the ambiguity. Rokos has two dozen employees with the title "investment officer" in their LinkedIn profiles. At Coatue, executives sign off on what employees put as their title on LinkedIn, people familiar with the firm's operations said. Members of Tiger Global's front-office team use "investor" as their title on LinkedIn instead of a more specific role.

Persons: —, David Einhorn's, James Fishback, Morgan Stanley, Goldman Sachs, Ken Griffin, Gerald Beeson, Sjoerd, Google's Paul Darrah, Jose Gamez, Rokos, Chris Rokos, Paul Enright, Townie Wells, Enright, Jain, Tiger, Marshall Wace, D.E, Shaw, allocators, Elliott, Don Steinbrugge, Steinbrugge Organizations: Service, Goldman, Bloomberg, Business, Industry, Citadel, Citadel Securities, Jain, Townie, Viking Global, Sigma, Fund, Talent, Agecroft Partners Locations: Greenlight, Miami, Palm Beach, London, Wells, Coatue

☆ More cases reported in McDonald's E. coli outbreak
▼ + stars: | 2024-10-25 | by ( Dominick Reuter | ) www.businessinsider.com time to read: +2 min

The E. coli outbreak cases linked to McDonald's have widened to include 75 people in 13 states. Slivered onions from a McDonald's supplier are under investigation, leading to recalls at other brands. AdvertisementThe McDonald's E. coli outbreak cases have increased to 75 people in 13 states as of Thursday, the US Centers for Disease Control said in a Friday update. AdvertisementThe CDC reiterated that slivered onions and beef patties used in McDonald's Quarter Pounder burgers are under investigation. Taylor Farms, McDonald's regional supplier of slivered onions, has issued a recall of its product, which has affected several other restaurant brands.

Persons: —, McDonald's, Dominick Organizations: CDC, Service, US Centers for Disease Control, Business Locations: Colorado, Michigan, New Mexico, Washington

☆ 'People are furious': Bezos faces a Washington Post revolt after he reportedly blocked the paper from endorsing Harris
▼ + stars: | 2024-10-25 | by ( Lucia Moses | ) www.businessinsider.com time to read: +5 min

The paper reported owner Jeff Bezos made the call and that a Harris endorsement was planned. Advertisement"I've seen a lot of angst; people are upset," another Washington Post insider said. The newspaper's editorial guild posted a statement saying Lewis' decision raised concerns that management interfered with the editorial department and readers were canceling their subscriptions. A spokesperson for the Washington Post referred to Lewis' statement and declined to comment on any follow-up questions. Trump has mocked Bezos and the Washington Post, calling him "Jeff Bozo."

Persons: Jeff Bezos, Harris, —, Robert Kagan, Semafor, Donald Trump, Will Lewis, Lewis, y5irP62zFk — Jeffrey Wright 🥜, aron, ears., uzbee Organizations: Service, Washington Post, Washington, ost, ashington Locations: Washington, ashington

☆ United Airlines, Morgan Stanley among the most overbought stocks on Wall Street. Here are the others
▼ + stars: | 2024-10-25 | by ( Brian Evans | ) www.cnbc.com time to read: +2 min

Stocks including United Airlines and Morgan Stanley have seen immense buying on Wall Street this week and could be in store for a pullback. United Airlines stock has surged more than 82% in 2024, and has a 14-day RSI of 85.9, which is the second-highest reading on the list. UAL YTD mountain United Airlines stock. Morgan Stanley stock is also overbought this week, with a 14-day of RSI of 79.5. MS YTD mountain Morgan Stanley stock.

Persons: Morgan Stanley, General Mills Organizations: United Airlines, Nasdaq, Microsoft, Nvidia, CNBC Pro, FactSet, Morgan, Moderna, Enphase Energy

☆ Arthur Blank joins 'Business Leaders for Harris' as his former business partner funnels money to Trump
▼ + stars: | 2024-10-25 | by ( Alice Tecotzky | ) www.businessinsider.com time to read: +3 min

Home Depot cofounder and billionaire Arthur Blank joins business leaders supporting Harris. The group "Business Leaders for Harris" also includes Mark Cuban, Reid Hoffman, and Reed Hastings. AdvertisementA group of prominent business leaders supporting Vice President Kamala Harris is expanding its ranks to include Arthur Blank, co-founder of Home Depot and owner of the Atlanta Falcons. In a statement about joining Business Leaders for Harris, Blank celebrated Harris' commitment to his core value of inclusion. In addition to Blank, Fulbright Bank chairman and former Democratic congressman John Delaney joined Business Leaders for Harris.

Persons: Arthur Blank, Harris, Mark Cuban, Reid Hoffman, Reed Hastings, —, Kamala Harris, Bernie Marcus, Donald Trump's, Marcus, MAGA, Marc Andreesen, Bill Ackman, Elon Musk, Trump, She's, Blank, John Delaney Organizations: Trump, Service, Home Depot, Atlanta Falcons, titans, Netflix, GOP, Depot, Blank, Business, Fulbright Bank, Democratic, YouTube Locations: Pennsylvania , Michigan, Wisconsin

☆ JPMorgan is boosting its junior-banker ranks
▼ + stars: | 2024-10-25 | by ( Emmalyse Brownstein | ) www.businessinsider.com time to read: +5 min

JPMorgan is ramping up its hiring of investment-banking analysts and associates, BI has learned. The fourth quarter is usually a slow period of hiring for investment banks. JPMorgan Chase is in the midst of an off-cycle hiring spree for junior investment bankers, according to people familiar with the bank's recruitment efforts and its online jobs board. AdvertisementAs Business Insider previously reported, JPMorgan recently said it would cap junior bankers' weekly work hours to 80 per week, with key exceptions. It also created a new HR role specifically to oversee the "well-being" of junior bankers.

Persons: —, JPMorgan Chase, headhunter, Wall, Banks, there's, Jamie Dimon, wasn't Organizations: JPMorgan, Service, IPOs, Bank of America, WSJ

☆ Apple returns to top 5 smartphone ranking in China with iPhone 16 as Huawei battle ramps up
▼ + stars: | 2024-10-25 | by ( Arjun Kharpal | ) www.cnbc.com time to read: +3 min

Huawei trailed Apple in third place with 15.3% market share, IDC data showed. However, the company's smartphone shipments in China grew by 42% year-on-year, as it continues to stage a revival in the world's largest smartphone market. Apple stood at second position by market share in the third quarter, according to International Data Corporation (IDC). In the second quarter, Apple was knocked out of the top five ranking in China by market share. Canalys said Apple was fifth place by market share in China.

Persons: Apple, Tim Cook, Vivo, Xiaomi, Canalys Organizations: Apple, Huawei, IDC, International Data Corporation, Apple Intelligence, Oppo, CNBC Locations: Chongqing, China, Cupertino, U.S

☆ McDonald's supplier recalls onions and tells a burrito chain to stop using the ingredient
▼ + stars: | 2024-10-24 | by ( Alex Bitter | ) www.businessinsider.com time to read: +2 min

McDonald's supplier Taylor Farms recalled some yellow onions due to potential E. coli contamination. AdvertisementA major McDonald's supplier is reportedly recalling some of its yellow onions as the fast-food chain deals with a deadly E. coli outbreak. Taylor Farms did not immediately respond to a request for comment from Business Insider. The letter, which was obtained by the Colorado Sun, told customers with certain batches of Taylor Farms onions to destroy them. McDonald's did not respond to a question from BI during the call about whether other restaurants relied on the same supplier for onions.

Persons: McDonald's, —, Taylor Organizations: Taylor Farms, Colorado Sun, Service, Bloomberg, Business, Food, US Foods, for Disease Control, Prevention, CDC Locations: Colorado, Arizona, McDonald's

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