DIRS.INFO The most relevant business & tech news

☆ Stocks making the biggest moves premarket: Delta Air Lines, CVS Health, Nike and more
▼ + stars: | 2024-10-10 | by ( Sean Conlon | ) www.cnbc.com time to read: +3 min

Delta Air Lines – Shares fell nearly 5% after the airliner provided disappointing fourth-quarter revenue guidance . Delta anticipates revenue will rise between 2% and 4% from a year earlier, less than the 4.1% estimate, per LSEG. CVS Health – Shares of the pharmacy chain added 1.9% on the back on an upgrade to overweight from equal weight by Barclays. Specifically, the investment firm noted that the brand's share of mentions as a favorite is about 35% more than its overall market share. PayPal – The payments company fell 1.7% after Bernstein downgraded the stock to market perform from outperform.

Persons: Serge Saxonov, there's, Piper Sandler, Tesla, Bernstein, —, Alex Harring, Jesse Pound, Sarah Min, Pia Singh, Michelle Fox Theobald Organizations: Delta Air Lines, CVS, Barclays, GXO Logistics, Bloomberg, Logistics, Nike –, RBC Capital Markets, American, Group, JPMorgan, PayPal Locations: Americas

☆ FCC chair denounces Trump’s calls for CBS to ‘lose its license’ over Harris’ ‘60 Minutes’ interview
▼ + stars: | 2024-10-10 | by ( Liam Reilly | ) edition.cnn.com time to read: +2 min

New York CNN —Federal Communications Commission chairwoman Jessica Rosenworcel denounced former President Donald Trump’s “threats against free speech” Thursday after he attacked CBS and called for the network to “lose its license” over a recent “60 Minutes” interview with Vice President Kamala Harris. In recent days, the former president has lambasted the Harris interview, accusing CBS News of editing the sit-down with correspondent Bill Whitaker. “As I’ve said before, the First Amendment is a cornerstone of our democracy.”Trump’s attacks on CBS comes after he backed out of his own “60 Minutes” interview last week and has repeatedly fended off invitations from television networks, including CNN and Fox News, for additional debates, instead opting for sit-downs with right-wing media outlets. Following ABC’s Trump-Harris debate in September, Trump dialed into “Fox & Friends,” where he called for the Disney-owned network to have its license “take[n] away.”Rosenworcel’s statement is the second time this week she has spoken out in support of broadcasters. On Tuesday, the FCC chairwoman issued a statement calling threats from Florida’s Health Department to prosecute local TV stations over an abortion rights ad “dangerous,” and emphasizing that pressure from the state government “undermines the fundamental principle of free speech.”

Persons: Jessica Rosenworcel, Donald Trump’s, Kamala Harris, Harris, Bill Whitaker, Trump, “, Harris ’, ” Trump, Rosenworcel, ” Rosenworcel, I’ve, ”, ABC’s Trump Organizations: New, New York CNN — Federal Communications, CBS, News Organization of CBS, “ CBS, CNN, Fox News, “ Fox & Friends, Disney, FCC, Florida’s Health Department Locations: New York

☆ Common heart conditions raise the risk of dementia, experts say
▼ + stars: | 2024-10-10 | by ( Sandee Lamotte | ) edition.cnn.com time to read: +9 min

Nearly 130 million adults in the United States have some form of heart disease, according to the AHA. Having coronary heart disease raises the risk of future dementia by 27% compared with people without heart disease, the AHA statement said. Heart attacks and heart failureAbout every 40 seconds, someone in the United States will have a heart attack, the AHA estimates. Heart failure is a more severe form of heart disease, in which the heart is too weak to pump enough blood and oxygen to the body’s organs. That benefit held true even for people with existing diagnoses of cardiometabolic conditions such as type 2 diabetes, heart disease and stroke.

Persons: ”, Fernando Testai, Testai, Andrew Freeman, Freeman, ” Freeman, ” Testai Organizations: CNN’s, CNN, American Heart Association, University of Illinois College of Medicine, AHA, Jewish Health, World Health Organization, WHO, US Centers for Disease Control Locations: Chicago, United States, Denver

☆ 15 stocks top funds and legendary investors are piling into, including those held most by billionaires like Warren Buffett and Ken Fisher
▼ + stars: | 2024-10-10 | by ( Laila Maidan | ) www.businessinsider.com time to read: +3 min

The S&P 500 and Vanguard's Total Stock Market Index Fund have surged over 30% in 2024. GuruFocus tracks top investors' stock picks, highlighting 15 popular stocks among gurus. The stock market has boom-and-bust cycles and periods of sector rotations. Some have taken to copying the so-called investing gurus of our world. The bucket of allocators adds up to more than 140 investors and funds, including Buffett and Fisher.

Persons: Ken Fisher, Warren Buffett, contrarian, —, it's, He's, Buffett, Fisher Organizations: Market, Service, Market Index

☆ Oil prices rise on Israel-Iran conflict fears and U.S. storm
▼ + stars: | 2024-10-10 | by ( ) www.cnbc.com time to read: +1 min

Oil prices rose in early Asian trade on Thursday on concerns about potential supply disruptions in the Middle East, with Israel planning to strike oil-producer Iran, and on spikes in fuel demand as a major storm barreled into Florida. The world's largest oil producer and consumer has been hit by a second major storm, Hurricane Milton, which made landfall on Florida's west coast, spawning tornadoes and threatening surges of seawater. The storm has already driven up demand for gasoline in the state, with about a quarter of fuel stations selling out of supplies, which has helped support crude prices. Further underpinning prices, investors remained wary of a potential escalation in tensions between Israel and Iran, with Israeli Defense Minister Yoav Gallant promising an Israeli strike against Iran would be "lethal, precise and surprising". Even with threats to the oil-producing Middle Eastern region top of mind, weak demand continues to underpin the fundamental outlook.

Persons: Iran, Hurricane Milton, Yoav Gallant, Joe Biden, Benjamin Netanyahu, Israel's Organizations: Brent, U.S . West Texas, Israeli, U.S . Energy, Administration, Reuters, American Petroleum Institute Locations: Israel, Florida, U.S, Hurricane, Florida's, Iran, China, North America

☆ Voting in the UK and French elections taught me a concerning lesson that Americans should heed when heading to the polls
▼ + stars: | 2024-10-10 | by ( Benjamin Chadwick | ) www.businessinsider.com time to read: +10 min

Benjamin Chadwick — a dual citizen of France and the UK — voted in two national elections this year. Emmanuel Macron ran with a centrist campaign, while Marine Le Pen, leader of the National Rally, campaigned on anti-immigration and nationalist ideals. Related storiesLe Pen became leader of France's right-wing populist "National Front" party in 2011 and renamed it "National Rally" in 2018. AdvertisementIn the lead-up to the UK election on July 4, opinion polls predicted a huge majority for the center-left Labour Party. In France, I feared the National Rally would capitalize on their European victory and take control of the Assembly.

Persons: Benjamin Chadwick —, there's, —, Emmanuel Macron, Pen, Macron, Le, I've, France's, Boris Johnson, Donald Trump, Trump, Liz Truss, Sunak, Rishi Sunak's, he's, Le Pen's, Nigel Farage, I'm, Kamala Harris Organizations: Service, European Union, National, Conservatives, Labour Party, National Rally, EU, Conservative, Britons, Labour, Reform, Populist, Trump Locations: France, England, Paris, Trump, Brexit, Europe, Britain, Johnson's, stoke

☆ Hurricane season is set to scramble Americans' view of the economy before the election
▼ + stars: | 2024-10-10 | by ( Ayelet Sheffey | Madison Hoff | ) www.businessinsider.com time to read: +7 min

Additional disruptions from Hurricane Milton complicate the data collection for October's jobs report. To stimulate hiring, the Federal Reserve began cutting interest rates in September, and the jobs report will strongly inform its path forward. "I wouldn't expect these events to materially change how Americans view the economy before the election," DeAntonio said. For example, it noted in its release last week Hurricane Francine, which hit Louisiana in early September, "had no discernible effect" on the employment data it collected. Any effects from the hurricanes could lead to an October jobs report that shows a more pessimistic view of the economy than underlying conditions would suggest.

Persons: Helene, Milton, —, Hurricane, Hurricane Helene, Hurricane Milton, Dante DeAntonio, Kamala Harris, Joe Biden, Daniel Zhao, DeAntonio, Francine, Guy Berger Organizations: Service, Hurricanes, Southern, Labor Department, Federal Reserve, University of Michigan's, Department, Labor, of Labor, Labor Statistics, Boeing, Bureau of Labor Statistics, Employees, Glass Institute Locations: Florida, North Carolina, Hurricane, Louisiana

☆ New Zealand to update inclusion guidelines for transgender athletes
▼ + stars: | 2024-10-09 | by ( ) www.nbcnews.com time to read: +2 min

New Zealand will update its guidelines on transgender athletes in community sport following criticism from Olympians that the principles ignore female athletes’ rights and undermine fairness and safety. Critics of transgender inclusion in women’s sport say going through male puberty imbues athletes with a huge musculo-skeletal advantage that transition does not mitigate. Supporters of transgender participation argue that not enough research has been done into the impact of transition on athletic performance and excluding transgender athletes amounts to discrimination. Sport NZ’s “Guiding Principles for the Inclusion of Transgender People in Community Sport” do not apply to elite sport. Individual sports in New Zealand govern how transgender athletes participate at elite levels.

Persons: Chris Bishop, ” Bishop, “, Raelene Castle Organizations: Sport NZ, New Zealand, Transgender People, Community Locations: Zealand, New Zealand

☆ Nobel Prize in chemistry awarded for work on proteins to David Baker, Demis Hassabis and John Jumper
▼ + stars: | 2024-10-09 | by ( Christian Edwards | Katie Hunt | ) edition.cnn.com time to read: +4 min

The Nobel Prize in chemistry was awarded in Sweden on Wednesday. EXCLUSIVE: The moment John Jumper shares the news about his 2024 Nobel Prize in Chemistry. pic.twitter.com/OhNSwiKwgQ — The Nobel Prize (@NobelPrize) October 9, 2024Since the pair’s key paper was published in 2021, it has been cited more than 13,000 times. They are generally built from 20 amino acids that can be combined in endless ways. Using the information stored in DNA as a blueprint, the amino acids are linked together in our cells to form long strings.

Persons: ”, David Baker, Hassabis, John Jumper, Jonathan Nackstrand, Wednesday’s, Lasker, —, David Pendlebury, Baker, Johan Aqvist, ” Aqvist, Geoffrey Hinton, John Hopfield Organizations: CNN, Getty, Google, Clarivate’s Institute for Scientific, University of Washington Locations: Sweden, AFP, British, American, DeepMind

☆ ‘Zionists don’t deserve to live,’ suspended Columbia activist said. Now his group rescinds its apology and calls for violence
▼ + stars: | 2024-10-09 | by ( David Goldman | ) edition.cnn.com time to read: +4 min

CNN —Nearly six months after Columbia University banned Khymani James, a Pro-Palestinian student activist, who said “Zionists don’t deserve to live,” the coalition that had apologized on his behalf rescinded its statement of regret – and advocated for armed resistance against Israel. “Last spring, in the midst of the encampments, Columbia University Apartheid Divest (CUAD) posted a statement framed as an apology on behalf of Khymani James,” CUAD posted Tuesday night on Instagram. “Where you’ve exhausted all peaceful means of resolution, violence is the only path forward.”Columbia, in a statement, said Wednesday that it decried any calls for acts of violence. “We aspire to be an open campus but cannot be open while we are uncertain of safety,” Columbia said in its statement. This week, with social media mixing calls for armed violence in the Middle East with defenses of local statements calling for violence, the balance tips to safety.”

Persons: Khymani James, don’t, –, “, ” CUAD, James, I’m, ”, we’ve, ” James, Israel, Katrina Armstrong, Benjamin Netanyahu, Columbia Organizations: CNN, Columbia University, Israel, Columbia University Apartheid, ” Columbia, Columbia, Hamas, Israel’s, Colleges Locations: Columbia, Palestine, Israel, America, Iran, Gaza

Harris advisers often publicly dismiss the polls, acknowledging that the race is close and will remain so leading up to Election Day. Others want to focus on mobilizing men and men of color to turn out – a demographic that remains a point of concern among Harris campaign officials. And I am running like the underdog because I am the underdog in this race,” Harris told donors at a fundraiser in late September. “When Black voters are getting inundated by anti-Harris mail, anti-Harris ads, the face-to-face conversations matter even more,” the operative said. Harris campaign surrogates have told CNN that there is also still a lot to do to shore up support among Latinos in the final weeks before Election Day.

Persons: Joe Biden, Kamala Harris, Harris, Donald Trump, Trump, Harris ’, “, Hillary Clinton, Biden, Clinton, ” Brendan McPhillips, John Murtha Johnstown, Andrew Harnik, ” Harris, Dan Kanninen, ”, we’ve, ” Kanninen, –, ” Patrick Murray, Murray, would’ve, ” Murray, Evelyn Hockstein, don’t, outpacing Harris, Anthony West, ” West, Cedric Richmond, ” Richmond, surrogates, “ There’s, Adriano Espaillat, Chuck Rocha, it’s Organizations: CNN, Democratic, “, Democrats, Trump, Pennsylvania, Cambria, Biden, Electoral, Monmouth University Polling Institute, Dort Financial, Reuters, Black, NAACP, White, Department of Justice, Collective PAC, ”, Black Colleges, Universities, Georgia, Former Louisiana Rep, Social Security, ” New York Democratic Locations: Israel, Gaza, Lebanon, Cambria County, Pennsylvania, Johnstown , Pennsylvania, Cambria, Monmouth, Dort, Flint , Michigan, Milwaukee, San Francisco, Black, Georgia

☆ Oil prices steady after sliding on potential Israel-Hezbollah ceasefire
▼ + stars: | 2024-10-09 | by ( ) www.cnbc.com time to read: +2 min

Oil prices steadied in Asian trading on Wednesday, as traders weighed uncertainty surrounding developments in the Middle East conflict against continued bearish fundamentals. Brent crude futures rose 11 cents, or 0.14%, to $77.29 a barrel by 02:23 GMT. Prices had plunged more than 4% in the previous session on a possible Hezbollah-Israel ceasefire, but markets remain wary of a potential Israeli attack on Iran's oil infrastructure. Hezbollah officials on Tuesday appeared to back off from a truce in Gaza as a condition for a ceasefire in Lebanon. The U.S. EIA on Tuesday downgraded its 2024 forecast for global oil demand growth by 20,000 barrels per day (bpd), to 103.1 million bpd, because of weaker industrial production and manufacturing growth in the U.S. and China.

Persons: Hezbollah's, Naim Qassem, Hurricane Milton, Tony Sycamore Organizations: Brent, . West Texas, Macquarie, Reuters, American Petroleum Institute, U.S, EIA, IG . Florida Locations: Israel, Iran, Gaza, Lebanon, U.S, China, Hurricane, Coast, Tampa

In her new memoir, Melania Trump says she backs abortion rights but leaves some gray area as to whether she supports restrictions. "There are several legitimate reasons for a woman to choose to have an abortion. For instance, if her life is at risk, rape, a congenital birth defect, plus severe medical conditions," Melania Trump wrote. The presidential campaign of her husband, former President Donald Trump, directed questions to Melania Trump aide Madison Porter, who did not return a request seeking comment. In interviews about her book, Melania Trump said that her husband was aware of her position early in their relationship.

Persons: Melania Trump, “, ”, Donald Trump, Madison Porter, Trump’s, Roe, Wade, Trump, ” Trump Organizations: Republican, Fox, U.S, Supreme, Republican National, NBC News, Fox News, “ Locations: Florida

☆ Samsung issues lengthy apology after disappointing results — read the full statement
▼ + stars: | 2024-10-08 | by ( Lee Ying Shan | In Ying-Shan-Lee | ) www.cnbc.com time to read: +3 min

Read the full apology, translated by Google and CNBC, below:Dear customers, investors, and employees who have always loved Samsung Electronics. Today, the management of Samsung Electronics would like to apologize to you first. It is Samsung Electronics' pride that we can never compromise on. Please give us your support and encouragement so that Samsung Electronics can once again demonstrate its strength. Samsung Electronics Vice Chairman Head of Device Solutions Division Jun Young-hyun—CNBC's Chery Kang contributed to this article.

Persons: Jun Young, LSEG, Young, Chery Kang Organizations: Samsung, Solutions, Google, CNBC, Samsung Electronics, Technology, Device

☆ Nobel Prize in physics 2024 awarded for work on artificial intelligence to John Hopfield and Geoffrey Hinton
▼ + stars: | 2024-10-08 | by ( Christian Edwards | Katie Hunt | ) edition.cnn.com time to read: +6 min

CNN —The 2024 Nobel Prize in physics has been awarded to John Hopfield and Geoffrey Hinton for their “foundational discoveries” that enable machine learning with artificial neural networks. Mimicking the brainAI has become shorthand for machine learning using artificial neural networks. Whereas the brain’s neurons communicate with each other through synapses, artificial nodes influence each other through connections. You can train an artificial neural network by developing stronger connections between the nodes, just like you can train the brain. Did you know that an artificial neural network is designed to mimic the brain?

Persons: John Hopfield, Geoffrey Hinton, Hopfield, Hinton, ”, Jonathan Nackstrand, Ellen Moons, “, —, Hopfield’s, “ I’m, ” Hinton, There’s Organizations: CNN, Princeton University, University of Toronto, Getty, Physics, Hopfield, Google Locations: Sweden, AFP

☆ Apple could launch a ring to rival Samsung by 2026, research firm predicts
▼ + stars: | 2024-10-08 | by ( Arjun Kharpal | ) www.cnbc.com time to read: +1 min

In this article AAPL Follow your favorite stocks CREATE FREE ACCOUNTApple CEO Tim Cook gestures during the annual developer conference event at the company's headquarters in Cupertino, California, U.S., June 10, 2024. Carlos Barria | ReutersApple could launch a connected ring to rival Samsung by 2026, according to CCS Insight, adding to the U.S. tech giant's focus on health. In fact, I would go so far as to say, at the point that Tim Cook decides to relinquish control and he retires ... "Given how deeply and personally invested Tim Cook is in health, I think that a ring is a very complimentary extension to Apple," he said, referring to Apple CEO Cook. Similar to smartwatches, a smart ring is embedded with various sensors to track health metrics like heart rate.

Persons: Tim Cook, Carlos Barria, Ben Wood, CNBC's, Cook, Wood Organizations: Reuters Apple, Samsung, CCS Insight, Apple, Apple Watch, Samsung Galaxy, South Locations: Cupertino , California, U.S, Cupertino, South Korean

☆ Here are Tuesday's biggest analyst calls: Nvidia, Tesla, Microsoft, Wells Fargo, Disney, Apple, First Solar & more
▼ + stars: | 2024-10-08 | by ( Michael Bloom | ) www.cnbc.com time to read: +7 min

"We reiterate our Overweight rating on the name as NVDA remains our Top Pick." JPMorgan reiterates Charles Schwab as overweight JPMorgan raised its price target on the stock to $86 per share from $78. "We are initiating coverage of Morningstar (MORN) with a Buy rating and a $390 price target. Wells Fargo reiterates Tesla as underweight Wells says it remains "skeptical" heading into Tesla's robotaxi day later this week. "We are initiating coverage of MBX Biosciences with an Overweight rating and Dec 2025 price target of $30."

Persons: Cantor Fitzgerald, Cantor, TD Cowen, Cowen, Wolfe, Wells, Bernstein, Oppenheimer, Goldman Sachs, Milton, Irma, JPMorgan, Charles Schwab, Morningstar, Redburn, Goldman, Tesla, TSLA, Key, Affirm's, it's, Morgan Stanley, it's bullish, Abbott, Susquehanna, KeyBanc Organizations: Anheuser Busch InBev, InBev, Humana, STARS, Microsoft, Disney, JPMorgan, UBS, Biotech, Legend Biotech, Barclays, Optimus, Qualcomm, Express, American Express, Netflix, Bicara Therapeutics, Abbott Labs, Howmet Aerospace, Commercial Aerospace & Defense, Bank of America, Apple, MBX Biosciences, Delta, Argus, McDonald's Corp Locations: China, Wells Fargo, F4Q17, 1H26, Tesla's

☆ Florida threatens TV stations over abortion rights ad. FCC calls it ‘dangerous’
▼ + stars: | 2024-10-08 | by ( Brian Stelter | Liam Reilly | ) edition.cnn.com time to read: +3 min

The Florida Department of Health, however, cited local statutes in the cease-and-desist letters sent last week to WCJB in Gainesville and WFLA in Tampa. The threat from the health department underscores the intensity of the political battle over Amendment 4, a ballot measure that would enshrine abortion rights in Florida’s constitution. The cease-and-desist letters from John Wilson, general counsel for the state health department, appear to be part of that campaign. The health department did not immediately respond to CNN’s request for comment about the FCC rebuke. The local stations did not respond to requests for comment, but both stations continued to air the ads on Tuesday.

Persons: Ron DeSantis, Jessica Rosenworcel, ” Rosenworcel, DeSantis, John Wilson, Jason Garcia, Wilson, Caroline, ” Organizations: CNN, Florida’s Department of Health, Gov, Republican, Democratic, Federal Communications Commission, FCC, Florida Department of Health, Orlando Locations: Gainesville, WFLA, Tampa, Florida’s, Florida

The Georgia Supreme Court on Monday reinstated the state’s six-week abortion ban while it reviews an appeal from the state of a lower court ruling that had struck down the law. The state Supreme Court's decision, however, left in place the lower court’s ruling blocking a separate provision of the law that had given state prosecutors broad access to the medical records of abortion patients without due process protections. The state's near-total abortion ban, known as the LIFE Act, was signed by Republican Gov. Brian Kemp in 2019 but didn’t take effect until July 2022, after it faced a legal challenge and the U.S. Supreme Court’s reversal of Roe v. Wade. Last week, a judge in Fulton County, Georgia, struck down the state’s six-week abortion, allowing the procedure to resume and almost immediately making it legal up to 22 weeks of pregnancy.

Persons: Brian Kemp, Roe, Wade, Robert McBurney, ” McBurney, Court’s, —, Amber Nicole Thurman, Candi Miller, Kamala Harris, Miller, Thurman, ProPublica, Kwajelyn Jackson, ’, Jaylen Black, Amber Thurman, ” Organizations: Georgia Supreme, LIFE, Republican Gov, U.S, Women’s Health Center Locations: Georgia, U.S ., Fulton County , Georgia, Fulton County

Two American scientists were jointly awarded the Nobel Prize for Medicine or Physiology on Monday for their groundbreaking work on how genes behave. Victor Ambros and Gary Ruvkun discovered microRNA, which the Nobel Assembly describes as "a fundamental principle governing how gene activity is regulated." The tiny microRNA molecules play a crucial role in determining how different cells — which have the same chromosomes, essentially their instruction manual — have different characteristics. "The answer lies in gene regulation, which allows each cell to select only the relevant instructions," the Nobel announcement said. But subsequent work, including the discovery of another microRNA in 2000, proved that there are more than a thousand genes for different microRNAs in humans.

Persons: Victor Ambros, Gary Ruvkun, Ruvkin, Silverman, Worcester , Massachusetts Ruvkun Organizations: Medicine, Nobel, Massachusetts Institute of Technology, Natural Science, University of Massachusetts Medical School, Harvard University, Harvard Medical School Locations: Hanover , New Hampshire, Worcester , Massachusetts, Berkeley , California

Sen. JD Vance, the Republican vice presidential nominee, confirmed to reporters Saturday that former President Donald Trump is "consistent" in his views on defunding Planned Parenthood. A journalist asked Vance, R-Ohio, whether a future Trump administration would defund Planned Parenthood, the reproductive health care group that has garnered opposition from many conservatives for its pro-abortion-rights positions. “On the question of defunding Planned Parenthood, look, I mean our view is we don’t think that taxpayers should fund late-term abortions," Vance said after Trump's rally in Butler, Pennsylvania. The Trump campaign and Planned Parenthood did not immediately respond to requests for further comment Sunday night. In 2016, then-candidate Trump said in a debate that he would end federal funding for Planned Parenthood, saying he would “defund it because I’m pro-life.”

Persons: Sen, JD Vance, Donald Trump, Vance, Trump, “, Lauren Hitt, Kamala Harris, MAGA, Harris, Hitt, Melania Trump, ‘, I’m, we’ve, Roe, Wade, ” Trump, Joe Biden, ” Organizations: Republican, Centers for Disease Control, Prevention, Trump, Democrats, Guardian, NBC News, Fox News, NBC, Truth Locations: R, Ohio, Butler , Pennsylvania

☆ Goldman lowers recession odds to just 15%
▼ + stars: | 2024-10-07 | by ( Jeff Cox | ) www.cnbc.com time to read: +3 min

The bank's economists over the weekend lowered their recession probability to just 15%, which chief economist Jan Hatzius classified as the "unconditional long-term average." September's smashing nonfarm payrolls surge of 254,000 and a downward move in the unemployment rate served as a catalyst for the firm to nearly abandon the chance of a contraction. Prior to the report, traders had been betting that the Fed might repeat its 50 basis point — half percentage point — interest rate cut from September before the end of the year. But expectations have swung now, and Goldman concurs with market pricing that the "next few meetings" will see 25 basis point moves. That's about 1.5 percentage points lower than the current level and 2 full percentage points below the pre-September cut.

Persons: Goldman Sachs, Jan Hatzius, Hatzius, Goldman, Lisa Shallett, Morgan Stanley, Shallett Organizations: Labor Department, Federal Reserve Locations: U.S

☆ A recession next year is now even less likely following the blowout jobs report, says Goldman Sachs
▼ + stars: | 2024-10-07 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +4 min

Friday's knockout jobs report has squashed fears of an imminent recession. Goldman Sachs cut the chances of a recession in the next year to 15%, and other analysts cheered. AdvertisementRecession fears have weighed on Wall Street recently, but Friday's blowout jobs report has assuaged worries of an imminent economic downturn. "Friday's US labor report put paid to US recession fears," Rabobank's research team wrote. The latest jobs report has relieved some concerns about the economy, but also dashed hopes for another jumbo cut in November.

Persons: Goldman Sachs, —, Stocks, Goldman, Saxo, Kamala Harris Organizations: Service, Dow Jones, Labor Statistics, Federal Locations: There's

☆ Telegram app hosts ‘underground markets’ for Southeast Asian crime gangs, UN says
▼ + stars: | 2024-10-07 | by ( ) edition.cnn.com time to read: +4 min

There is “strong evidence of underground data markets moving to Telegram and vendors actively looking to target transnational organized crime groups based in Southeast Asia,” the report said. Southeast Asia has emerged as a major hub for a multibillion-dollar industry that targets victims across the world with fraudulent schemes. Russian-born Durov was arrested in Paris in August and charged with allowing criminal activity on the platform including the spread of sexual images of children. Benedikt Hofmann, UNODC’s deputy representative for Southeast Asia and the Pacific, said the app was an easily navigable environment for criminals. “For consumers, this means their data is at a higher risk of being fed into scams or other criminal activity than ever before,” he told Reuters.

Persons: Pavel Durov, UNODC, Durov, Benedikt Hofmann, UNODC’s, ” Organizations: —, United Nations, United Nations Office, Drugs, Southeast, Reuters, Star Health Locations: Bangkok, Thailand, Southeast Asia, France, Russian, Paris, ”, Asia, South Korea

☆ Nobel Prize in medicine 2024 awarded for work on the discovery of microRNA to Victor Ambros and Gary Ruvkun
▼ + stars: | 2024-10-07 | by ( Christian Edwards | Katie Hunt | ) edition.cnn.com time to read: +4 min

CNN —This year’s Nobel Prize in physiology or medicine has been awarded to Victor Ambros and Gary Ruvkun for their work on the discovery of microRNA, a fundamental principle governing how gene activity is regulated. Their research revealed how genes give rise to different cells within the human body, a process known as gene regulation. The Nobel Prize committee announced the prestigious honor, seen as the pinnacle of scientific achievement, in Sweden on Monday. Ruvkun conducted his research at Massachusetts General Hospital, and is a professor of genetics at Harvard Medical School. Nobel Committee Secretary General Thomas Perlmann speaks to the media in front of a picture of this year's laureates Victor Ambros and Gary Ruvkum during the announcement of the Nobel Prize in medicine winners on Monday.

Persons: Victor Ambros, Gary Ruvkun, Ambros, ’, “, Ruvkun, General Thomas Perlmann, Gary Ruvkum, Jonathan Nackstrand, ”, Olle Kämpe, David Pendlebury, ” Pendlebury, Katalin Karikó, Drew Weissman Organizations: CNN, University of Massachusetts Medical School, Harvard University, Massachusetts General Hospital, Harvard Medical School, Getty, Clarivate’s Institute for Scientific Locations: Sweden, Massachusetts, AFP, Covid

Search resuls for: "Fundamental"

25 mentions found