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☆ Treasury yields dip as investors await October private payrolls data
▼ + stars: | 2024-10-30 | by ( Sam Meredith | In Samuelmeredith | ) www.cnbc.com time to read: +1 min

The yield on the 10-year Treasury fell more than 4 basis points to 4.232%, after briefly rising above 4.3% in the previous session to notch its highest level since July. The yield on the 2-year Treasury was down over 2 basis points at 4.094%. U.S. Treasury yields were lower on Wednesday, with investors poised to scrutinize economic data for further clues on the rate cut outlook. Ahead of the all-important October jobs report at the end of the week, investors will monitor a fresh batch of economic data on Wednesday. The Fed joined several other major central banks in easing monetary policy when it lowered rates by 50 basis points in September.

Organizations: Treasury, U.S, Commerce Department, Traders, Federal Reserve, Fed

☆ China lost 36% of its billionaires to years of economic troubles and crackdowns
▼ + stars: | 2024-10-30 | by ( Hannah Abraham | ) www.businessinsider.com time to read: +7 min

According to Hurun's 2024 rich list, China lost 432 billionaires since the high of 1,185 in 2021. Hurun, a private research group that has tracked Chinese billionaires since 1999, said the total peaked in 2021 with 1,185 billionaires, a figure which fell to 753, a decline of 432, or 36% of the total. It comes as some of China's superrich choose to lie low or leave the country, finding covert ways to take their money with them. "The stories of the individuals on the Hurun China Rich List tell the story of the Chinese economy," said Rupert Hoogewerf, Hurun's Chairman and Chief Researcher. AdvertisementThat led, among other things, to regulatory crackdowns on tech platform companies and campaigns against China's rich entrepreneurs.

Persons: —, crackdowns, China's superrich, Zhang Yiming, Bytedance, Yiming, Zhong Shanshan, Rupert Hoogewerf, Robin Zeng, Li, Kerry Brown, Xi, Jack Ma, Alibaba, Brown, Joel Gallo, China shouldn't, it's Organizations: Service, Reuters, King's College London, Ant Group, & Partners, Bloomberg, New York University Shanghai, Communist Locations: China, Taiwan, Greater China

After months of incremental measures, Chinese President Xi Jinping in late September led a top-level meeting that vowed to "halt the real estate market decline." Earlier this month, the Finance Ministry introduced more measures aimed at stabilizing the real estate sector. Property sales and new home construction are unlikely to stabilize until 2027, Goldman forecast. watch nowS&P Global Ratings and Morgan Stanley this month also published reports forecasting China's real estate market will bottom in the second half of 2025. China's latest efforts to bolster confidence have given the real estate market a lift.

Persons: Xi Jinping, Goldman Sachs, Goldman, Morgan Stanley, Edward Chan, Nomura Organizations: China Vanke Co, Bloomberg, Getty, Finance Ministry, Goldman, China Index Academy, P Global, National Bureau of Statistics Locations: China, Hefei, Beijing

☆ Savings, CD and Checking Account Interest Rates Today: Earn up to 5.15% APY
▼ + stars: | 2024-10-30 | by ( Business Insider | ) www.businessinsider.com time to read: +7 min

Featured High Interest Checking Account Offers Compare checking accounts that offer high APYs, rewards on debit card purchases, or both. UFB Direct Freedom Checking with Portfolio Savings: Earn 2.00% APY on your checking account. High-Yield Savings AccountsThe best high-yield savings accounts provide the security of a savings account with the added bonus of a high APY. A checking account is like a hub for your money: If your paycheck is direct deposited, it's typically to a checking account. 2-Year CDsThe best 2-year CD rates will be slightly lower than 1-year and no-penalty CD rates.

Persons: APYs, —, Cash, we've Organizations: Federal Reserve, Cash Locations: —

His chicken finger restaurant chain Raising Cane's brought in $3.7 billion in net sales last year, contributing significantly to his estimated net worth of $9.5 billion. With cash flowing again, Graves made his payments and avoided selling any company equity, he says. Graves: I remember watching on television from our location on Lee Drive [in Baton Rouge, Louisiana] when the levees broke. At first, my American dream was: You can go out and start your own business, and you can make the business work, and that's a success. Bring people into a great place to work that's a great place to grow.

Persons: Todd Graves, Cane's, Graves, they're, you'd Organizations: CNBC, LSU, Forbes, Hurricane, Tyson Foods Locations: Louisiana, Orleans, New Orleans, Baton Rouge , Louisiana

☆ Swiss bank UBS smashes third-quarter expectations with $1.4 billion in profit
▼ + stars: | 2024-10-30 | by ( Ruxandra Iordache | ) www.cnbc.com time to read: +2 min

Swiss banking titan UBS on Wednesday posted a large profit beat, after completing its first wave of client migrations following its integration of collapsed domestic rival Credit Suisse. Net profit attributable to shareholders came in at $1.43 billion, compared with a mean forecast of $667.5 million in a LSEG poll of analysts. UBS defends it is not "too big to fail." UBS still faces the lofty tasks of integrating its IT system with that of Credit Suisse, along with migrating clients — with the latter transition set to take around 18 months, Reuters reported earlier this month. The UBS results come after the profit beat of Germany's largest lender Deutsche Bank last Wednesday and join this week's spate of third-quarter reports from European lenders, including from BNP Paribas and Santander.

Persons: Sergio Ermotti, Goldman Sachs, Morgan Stanley Organizations: UBS, Wednesday, Credit Suisse, Credit Suisse —, Reuters, Swiss National Bank —, Deutsche Bank, BNP Paribas, Santander

☆ Google 'moving in a good direction': What analysts are saying after tech giant's strong earnings
▼ + stars: | 2024-10-30 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +2 min

Major Wall Street banks remain bullish on Alphabet following the tech titan's strong third-quarter results . On Tuesday, Google's parent company reported earnings of $2.12 per share, while analysts polled by LSEG had predicted $1.85 per share. The company's revenue grew 15% year over year to $88.27 billion, more than the same quarter last year and the $86.30 billion analysts had anticipated. "We think shares could remain choppy as we work through the Search remedies, given the large impact zone, but performance in 3Q was solid." Meanwhile, Goldman Sachs' Eric Sheridan also commended the firm for its strong investment cycle, which includes investments into Google's Cloud infrastructure and more AI deployment through its application ecosystem.

Persons: LSEG, Goldman Sachs, Morgan Stanley, Ross Sandler, Doug Anmuth, Eric Sheridan Organizations: Barclays, Citi, JPMorgan, Bank of America, of America, Google, DOJ

☆ NFL Week 8 takeaways: Are the Lions Super Bowl favorites? Can the Rams make a late season surge? Are the Eagles back?
▼ + stars: | 2024-10-30 | by ( Ben Morse | ) edition.cnn.com time to read: +27 min

Jed Jacobsohn/AP Indianapolis Colts wide receiver Alec Pierce is tackled by Miami Dolphins linebacker Jordyn Brooks on October 20 in Indianapolis. Matthew Pearce/Icon Sportswire/Getty Images Green Bay Packers wide receiver Romeo Doubs dives for a touchdown in Green Bay, Wisconsin, on October 13. 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. David Banks/USA Today Sports/Reuters Rhamondre Stevenson of the New England Patriots runs the ball against Cincinnati Bengals defenders in Cincinnati on September 8.

Persons: Tua Tagovailoa, Carmen Mandato, 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, Aaron Rodgers, Rodgers, Jayden Daniels, 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, Tagovailoa, Jasen, Caroline Brehman, Shutterstock, Dak Prescott, Prescott, Ken Blaze, Brian Robinson Jr, K.J, Britt, Jaylen Waddle, Hill, Stephanie V, Daniels, 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, Jordan Love, Brooke Sutton, São Paulo, South America Kirby Lee, Taylor Swift, Travis Kelce, Reed Hoffmann, Isaiah, Patrick Mahomes scrambles, Charlie Riedel, Dan Campbell, We’ve, Khalil Dorsey, Raymond, Jared Goff, Goff, Jahmyr Gibbs, David Montgomery –, Knuckles ”, –, Gibbs, Campbell, he’s, ” Campbell, that’s, Lon Horwedel, Aiden Hutchinson, ’, Cooper Kupp, Puka Nacua, – Jonah Jackson, Joe Noteboom, Steve Avila –, Sean McVay, Kupp, Harry, calvary, Nacua, Matthew Stafford, Kyren Williams, McVay, ”, “ We’ve, “, ” Nacua, Gary A, Vasquez, hasn’t, Nick Sirianni, Jalen, DeVonta Smith, Saquon Barkley, Vic Fangio, Cooper DeJean, Ja’Marr Chase, Smith, AJ Brown –, ” Sirianni, Carolyn Kaster Organizations: CNN, National Football League . Miami Dolphins, Arizona Cardinals, Hard, Sunday, Dolphins, Getty Images, Chicago Bears, USA, Sports, Reuters Denver Broncos, Broncos, Carolina Panthers, Getty Images Cincinnati Bengals, Philadelphia Eagles, Eagles, Reuters Minnesota Vikings, Los Angeles Rams, Rams, Los Angeles Chargers, Chargers, Getty, San Francisco 49ers, Kansas City Chiefs, AP Indianapolis Colts, Miami Dolphins, The Colts, Green Bay Packers, Houston Texans, Packers, AP Washington, Getty Images Jacksonville Jaguars, New England Patriots, Jaguars, Getty Images Denver Broncos, Reuters Detroit Lions, Dallas Cowboys, The Lions, Cowboys, Denver Post, Cleveland Browns, 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, New York Jets, Vikings, AP Buffalo Bills, Bills, AP Jacksonville Jaguars, Indianapolis Colts, Reuters Houston Texans, Buffalo Bills, AP San Francisco 49ers, Deommodore, Cardinals, 49ers, Las Vegas Raiders, Minnesota Vikings, Cincinnati Bengals, Bengals, Getty Images Houston Texans, Jacksonville, Texans, AP New York Giants, Giants, Reuters, Getty Images Pittsburgh Steelers, 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, NFL, Reuters Washington, Tampa Bay Buccaneers, Buccaneers, Dade Police, Miami Herald, Tribune, Service, Atlanta Falcons, Falcons, AP Tennessee Titans, Titans, Bears, Patriots, New York Giants, São Paulo, The Eagles, Neo, AP Baltimore Ravens, Arrowhead, Super, Detroit Lions, Lions, Detroit, NFC North, NFC, Los Angeles Rams Sunday Baltimore Ravens, Cleveland Browns Tennessee Titans, Detroit Lions Indianapolis Colts, Houston Texans Green Bay Packers, Jacksonville Jaguars Arizona Cardinals, Miami Dolphins New York Jets, New England Patriots Atlanta Falcons, Tampa Bay Buccaneers Philadelphia Eagles, Cincinnati Bengals New Orleans Saints, Los Angeles Chargers Buffalo Bills, Seattle Seahawks Chicago Bears, Washington Commanders Carolina Panthers, Denver Broncos Kansas City Chiefs, Las Vegas Raiders Dallas Cowboys, Pittsburgh Steelers Locations: 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, Detroit, “, Philly, Philadelphia’s

☆ 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, —

☆ 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

☆ Hotels are leaning into their spookier sides to sell ‘rooms with a boo’
▼ + stars: | 2024-10-29 | by ( Blane Bachelor | ) edition.cnn.com time to read: +13 min

Perhaps unsurprisingly, more and more hotels are happy to show off their spookier side as a result. “They ditched the [premise of], ‘Oh, people may be scared,’ and said, ‘Wow, people will come and I can market it, so we’re a haunted hotel,’” said Melchiorri. The inspiration for Stephen King’s novel-turned-film “The Shining,” the 420-room grande dame, whose imposing facade is nearly as dramatic as its Rocky Mountains backdrop, is arguably the world’s most famous haunted hotel. From a messaging and marketing perspective, hotels should share their ghost stories or spooky lore “in a way that they don’t surprise anyone,” Orr said. “My experience is, whether they will admit it or not, most hotels have something that goes bump in the night,” Hunnings said.

Persons: Brian Hunnings, you’re, “, Anthony Melchiorri, ”, Katherine Orr, Elizabeth Harlow, Stephen King's, Helen H, Richardson, ’ earshot, ’, ’ ”, Stephen King’s, Stephen King Suite, –, Steve Azar, Vincent Alban, Hunnings, ” Hunnings, ” Steven Azar, Gifford, Azar, Don’t, ” Azar, Kumar Sriskandan, ” Orr, chambermaid Sallie White, Orr Organizations: CNN, Red Cliffs, CNN Travel, Hotels of America, Hospitality, Hyatt, Marriott, Denver Post, National Retail Federation, Stanley Film Center, Boston Globe, Cliffs, of Film, Western Heritage, “ Cornell Hospitality Quarterly, Alamo Locations: Red, Moab , Utah, Colorado, Estes Park , Colorado, Gifford, Provincetown, Moab, Provincetown , Massachusetts, San Antonio , Texas

☆ We're still in a 'favourable environment' for banks, analyst says
▼ + stars: | 2024-10-29 | 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 EmailWe're still in a 'favourable environment' for banks, analyst saysChristian Edelmann, managing partner for Europe at Oliver Wyman, discusses the impact of lower interest rates on lenders and recession concerns.

Persons: Christian Edelmann, Oliver Wyman Organizations: Europe

☆ China launches new lending tool before year-end loan expiry
▼ + stars: | 2024-10-29 | by ( ) www.cnbc.com time to read: +2 min

A man looks at his smartphone as he walks past the People's Bank of China building on May 20, 2022 in Beijing. Despite taking effect on Monday, the PBOC did not mention the new tool in its open market operations statement. China's central bank launched a new lending tool on Monday to inject more liquidity into the market and support credit flow in the banking system ahead of the expiration of trillions of yuan in loans at the end of the year. Beijing is counting on massive financial stimulus announced in September to kick-start lending and investment, as a sharp property market downturn and frail consumer confidence weigh on investor confidence. "The central bank's choice to launch this new tool at this time is also expected to be a better hedge against the concentrated expiry of medium-term lending facility before the end of the year," the article added.

Persons: Xu Tianchen Organizations: People's Bank of, Economist Intelligence Unit, European Union, State, Shanghai Securities News Locations: People's Bank of China, Beijing, OMO, United States

☆ How the stock market is likely to react to the election outcome
▼ + stars: | 2024-10-29 | by ( Sarah Min | ) www.cnbc.com time to read: +5 min

The SPDR S & P Regional Banking ETF (KRE) has jumped nearly 5% since the fourth quarter began on Oct. 1, while the S & P 500 is ahead a little more than 1%. In the event of a Trump win but with a divided Congress, the S & P 500 is likely to remain flat in the days following the election, Emanuel wrote. Evercore ISI expects the S & P 500 falling in the 10 days after the election, to roughly 5,700, as markets re-price their expectations. 3Fourteen Research co-founder Pies expects a Harris win would translate into a drop in cyclical and small-cap stocks, and spur investors to turn to high-quality tech names. However, a Harris win, with a split Congress, is an outcome that could spur a drop in the S & P 500 immediately after the election, down to about 5,525, according to Evercore ISI.

Persons: Stocks, Donald Trump, Kamala Harris, Mike Mullaney, Trump, Harris, Julian Emanuel, Warren, CNBC's, Emanuel, Evercore, Jeff Schulze, Evercore ISI's Emanuel Organizations: U.S, Nasdaq, NBC, Boston Partners, Treasury, Trump, Republican, Regional Banking, Evercore ISI, 3Fourteen Research, Democratic, ClearBridge Investments, ISI

☆ China is eyeing $1.4 trillion in fiscal stimulus and even more if Trump is elected, report says
▼ + stars: | 2024-10-29 | by ( Kelly Cloonan | ) www.businessinsider.com time to read: +3 min

China is considering a fresh $1.4 trillion stimulus, Reuters reported. The package could be approved next week and would increase in size if Trump wins the election. The large fiscal stimulus would be increased if Republican nominee and former President Donald Trump wins the US election, the report says. The remaining 4 trillion yuan would be raised by local government bonds and put toward idle land and property purchases, the sources told Reuters. AdvertisementIf Trump is elected, the stimulus package could be higher due to the economic challenges Trump's policies would pose for China, the sources told Reuters.

Persons: Trump's, —, Donald Trump, Trump, he's, Goldman Sachs Organizations: Reuters, Trump, Service, Republican, National People's Congress, China, Wall Locations: China, Beijing

☆ Why Boeing's $21 billion share sale is an early Christmas present for Wall Street
▼ + stars: | 2024-10-29 | by ( Reed Alexander | ) www.businessinsider.com time to read: +5 min

AdvertisementWall Street bankers tasked with helping companies raise money through sales of stock just got an early Christmas present. The sale ended up raising nearly $21 billion, marking one of the largest deals for US equity-capital-markets bankers in history. Thanks to the Boeing capital raise, he now predicts ECM bonus increases of 30%, he said. 'A rising tide lifts all boats,' comp expert saysThe ultimate size of Boeing's capital raise puts it in league with some of the largest raises ever, according to global equity capital raise data provided by LSEG. But, based on Johnson's forecast, it seems those involved in the Boeing capital raise may find themselves flying highest on bonus day.

Persons: Goldman Sachs, —, bookrunners Goldman Sachs, Morgan Stanley, Alan Johnson, Johnson, Semafor, Thoma Bravo, It's, they've Organizations: Boeing, PJT Partners, RBC Capital Markets, Service, Monday, Bank of America, Citigroup, JPMorgan, Wall, Johnson Associates, LSEG, Petrobras, Lloyds, Nasdaq Locations: Brazilian, British

☆ Big bank CEOs reflect on the election and inflation
▼ + stars: | 2024-10-29 | by ( Sara Eisen | ) 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 EmailBig bank CEOs reflect on the election and inflationCNBC's Sara Eisen reports on the latest comments from the CEOs of the United States' biggest banks.

Persons: Sara Eisen Locations: United States

☆ JPMorgan begins suing customers who allegedly stole thousands of dollars in 'infinite money glitch'
▼ + stars: | 2024-10-28 | by ( Hugh Son | ) www.nbcnews.com time to read: +3 min

JPMorgan Chase has begun suing customers who allegedly stole thousands of dollars from ATMs by taking advantage of a technical glitch that allowed them to withdraw funds before a check bounced. A Houston case involves a man who owes JPMorgan $290,939.47 after an unidentified accomplice deposited a counterfeit $335,000 check at an ATM, according to the bank. “On August 29, 2024, a masked man deposited a check in Defendant’s Chase bank account in the amount of $335,000,” the bank said in the Texas filing. The infinite money glitch episode highlights the risk that social media can amplify vulnerabilities discovered at a financial institution. JPMorgan prioritized cases with large dollar amounts and indications of possible ties to organized crime, they said.

Persons: JPMorgan Chase, “, Defendant, hasn’t, they’re, Drew Pusateri, “ We’re, Chase, ” Organizations: JPMorgan, Global, Chase, Central, Central District of, CNBC Locations: Houston, “, Defendant’s Chase, Texas, Miami, California, Central District, Central District of California

Donald Trump headlines a rally in Madison Square Garden after racist and crude remarks from his allies. Quarter Pounders are back on the menu at McDonald's after tests show patties were not the source of the E.coli outbreak. They come inside, just like they did to our country.”There was an uncomfortable reception to his punchlines in the arena. ➡️ Harris campaigned in Philadelphia over the weekend, marking her 14th visit to Pennsylvania since she entered the race in July. 🙌 49ers TE George Kittle had a breakout performance with 128 yards and a touchdown as his team improved to 4-4.

Persons: Donald Trump, Julia Demaree Nikhinson, Kamala Harris, Tony Hinchcliffe, “, David Rem, Harris, ” Tucker Carlson, ” Melania Trump, Trump, ”, Harris ’, ➡️ Harris, JD Vance, Vladimir Putin, ” ➡️ Harris, ➡️, McDonald’s, Eakin Howard, Greg Rosenstein, Ari z, Mia, stu, dou Organizations: NFL, MSG, Black, Trump, NBC, NBC’s, Press, Democratic, GOP, Colorado Agriculture Department, Food and Drug Administration, Farms, CDC, San Francisco 49ers, Dallas, Sunday, NBC News, ards, pla Locations: Madison Square, Puerto Rico, New York, Malaysian, California, Wisconsin, Michigan, Michigan’s, Philadelphia, Pennsylvania, Colorado, Colorado , Kansas , Wyoming

Beyond the two endorsements Harris received that got national attention, several other local Republicans, from former sheriffs to members of the Legislature, have backed Harris in recent weeks. “I was a Republican even before Donald Trump started spray tanning,” Cheney joked during her first visit last month in Ripon. “Our Republicans for Harris program is taking that unifying, inspiring message to anti-Trump Republicans, moderates, and independents,” Austin Weatherford, the national Republican engagement director for the Harris campaign, said in a statement. Several other Wisconsin Republicans have joined the effort backing Harris in recent weeks, including former state Assembly member Sheehan Donoghue and Steve Michek, the former sheriff of rural Iowa County. “I am terrified of Donald Trump becoming our next president for all the reasons I have indicated: He’s already been impeached twice.

Persons: Kamala Harris ’, Donald Trump, Harris, Sen, Robert Cowles, Shawn Reilly, Trump, Liz Cheney, “, ” Cheney, Kamala Harris, ”, Nikki Haley, ” Austin Weatherford, Tracy Ann Mangold, “ I’ve, Trump’s, Cheney, Liz Cheney’s, Steven Cheung, Sheehan Donoghue, Steve Michek, Donald Trump’s, ” Timothy White, ” Reilly, WITI, “ He’s Organizations: Senate, Republican, Trump, Democrat, Republican Party, South, overperformed, “, Republicans, Trump Republicans, U.S, Wisconsin Republicans, Harris Locations: Wisconsin, Waukesha, Wyoming, Ripon, ” Ripon, Fond du Lac County, Waukesha County, South Carolina, North Carolina, Pennsylvania, Iowa County, Harris ’ Wisconsin, Milwaukee, Ozaukee, Washington, United States

☆ This startup for traders raised $30 million from investors including Stanley Druckenmiller and Greg Coffey. Here's how it plans to transform how Wall Street analyzes data.
▼ + stars: | 2024-10-28 | by ( Bianca Chan | ) www.businessinsider.com time to read: +6 min

Reflexivity is a startup cofounded by two former hedge fund traders. AdvertisementA startup looking to transform how investors and traders use data just received funding from some of the biggest names in the hedge fund world. Reflexivity, formerly known as Toggle AI, just raised its $30 million Series B, the startup announced Monday. Interactive Brokers and Greycroft led the round, which included participation from billionaire investor Stanley Druckenmiller and Greg Coffey, the Australian founder of hedge fund Kirkoswald. AdvertisementIt has a valuation between $115 million and $150 million, Szilagyi said.

Persons: —, Greycroft, Stanley Druckenmiller, Greg Coffey, Izzy Englander, Reflexivity, Jan Szilagyi, Szilagyi, George Soros, Giuseppe Sette, Howard, Wells, Szilyagyi, that's Organizations: Service, Interactive, Millennium, Catalyst, P, Business, Druckenmiller's Duquesne Capital Management, Fortress Investment Group, Millennium Management, Soros Fund, London Stock Exchange Group, Federal Reserve Locations: Australian, MUFG, Fargo, Wells Fargo

☆ How a Trump or Harris presidency could impact your investments
▼ + stars: | 2024-10-28 | by ( Matthew Fox | ) www.businessinsider.com time to read: +12 min

This is the first in a five-part series about the impact both Trump and Harris presidencies could have on US consumers. To date, Trump and Harris have outlined specific policy proposals that will impact different parts of the stock market. The guide covers four specific asset classes, and is divided between the Trump and Harris impact on each. Advertisement"Our upbeat projections for the stock market in 2024 and 2025 are predicated on a view that hype over AI will continue to fuel a stock market bubble," the research firm said. And since presidential actions usually impact rates, the bond market will be shaped by what either Trump or Harris end up doing.

Persons: Harris, —, Donald Trump, Kamala Harris, Today's, they're, BofA, It's, Financials, Trump's, Trump, Peter Berezin, Joe Biden's, Bonds, Crypto, Bernstein, Gautam Chhugani, bitcoin, Chhugani, Harris Harris, she's, I'm, Larry Fink, Biden, it's Organizations: Trump, Service, Business, Wall, Bank of America, Allies, Foundation, BCA Research, Harris, Democratic, Economics, Capital, Federal, Harris Capital Economics, Federal Reserve, Bloomberg, bitcoin, BlackRock, Capital Economics, Fed Locations: China

☆ Buy this tech firm that's quietly automating warehouses with robots, say Berenberg and Citi — giving it 50% upside
▼ + stars: | 2024-10-28 | by ( Ganesh Rao | ) www.cnbc.com time to read: +4 min

AutoStore , founded in 1996 and listed since 2021 in Norway, provides robots and technology to automate traditional warehouses. The company has grown to control approximately 80% to 90% of the market, according to German investment bank Berenberg. The investment bank initiated coverage with a price target of 15 Norwegian kroner ($1.37), pointing to roughly 50% upside from the current share price level. Analysts at Norway-based Arctic Securities have the most bullish outlook with an 18 Norwegian krone price target, indicating a 78% upside. Instead, they cited media reports that Amazon will likely rely on AutoStore's technology in its grocery rollout in the United States.

Persons: Lasse Stueben, Stueben, Martin Wilkie, Berenberg Organizations: Citi, THG plc, Securities, Big Tech Locations: AutoStore, Norwegian, Norway, Germany, Europe, British, United States

☆ Wise's billionaire CEO fined £350,000 by UK regulators over failure to report tax issue
▼ + stars: | 2024-10-28 | by ( Ryan Browne | ) www.cnbc.com time to read: +4 min

In this article WISE-GB Follow your favorite stocks CREATE FREE ACCOUNTKristo Kaarmann, CEO and co-founder of Wise. Eoin Noonan | Sportsfile | Getty ImagesLONDON — Kristo Käärmann, the billionaire CEO of money transfer firm Wise , was slapped with a £350,000 ($454 million) fine by financial regulators in the U.K for failing to report an issue with his tax filings. "We continue to build a product and a company that will serve our customers and owners for the decades to come," Käärmann added. The chair of Wise, David Wells, said that the company's board of directors "continues to take Wise's regulatory obligations very seriously." In a note Monday, analysts at British investment bank Peel Hunt boosted their expectations for Wise's full-year profit before tax by 15%.

Persons: Kaarmann, Wise, Eoin Noonan, Sportsfile, Käärmann, Taavet Hinrikus, Forbes, Therese Chambers, David Wells, Peel Hunt, Gautam Pillai, Barun Singh Organizations: WISE, Getty, Financial, Authority, FCA, Customs, Peel Locations: Estonian

☆ Gold prices have surged in 2024. Here’s how to get in on the gold rush
▼ + stars: | 2024-10-27 | by ( Erika Tulfo | ) edition.cnn.com time to read: +4 min

“Buying gold has never been easier and more accessible.”While gold, typically invested in as a hedge against inflation, has shined this year, there are plenty of things to know before investors join the gold rush. How do you actually go about buying gold? Another consideration when buying gold in the retail market is how the sticker price of the bullion compares to the spot price of gold. But Cavatoni advises having a “round-trip mentality” when purchasing physical gold, emphasizing the importance of the selling stage as much as the purchase process. On the other hand, gold-backed ETFs free consumers from the considerations that need to be made when purchasing physical gold.

Persons: ”, Joseph Cavatoni, “, Cavatoni, “ It’s, ” Cavatoni, prudently Organizations: CNN, Costco, World Gold, of Labor Statistics Locations: China, India, Turkey

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