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☆ Stocks making the biggest moves after hours: Qualcomm, HubSpot, Lyft, Bumble and more
▼ + stars: | 2024-11-06 | by ( Alex Harring | ) www.cnbc.com time to read: +4 min

Qualcomm reported adjusted earnings of $2.69 per share on $10.24 billion in revenue. Wolfspeed — The semiconductor manufacturer tumbled 17% after missing revenue expectations and offering weak guidance for the current quarter. Wolfspeed generated revenue of $195 million in the first fiscal quarter, missing the consensus estimate of analysts polled by LSEG by $5 million. The company said to expect between $160 million and $200 million in revenue during the current quarter, under the $215 million figure expected. HubSpot saw $2.18 in adjusted earnings per share on $669.7 million in revenue, while analysts polled by FactSet forecast $1.91 in earnings per share and $647 million in revenue.

Persons: LSEG, HubSpot, Lyft, Robin, SolarEdge, Donald Trump, Bumble —, Zillow, Darla Mercado, Jesse Pound, Samantha Subin, Sean Conlon Organizations: Qualcomm, Arm Holdings, LSEG, FactSet, Technologies, Bros, Revenue Locations: FactSet, StreetAccount, LSEG

Markets: The post-election rally on Wall Street continued into afternoon trading, with the Dow Jones Industrial Average jumping 3.4%, or roughly 1,450 points, and the S & P 500 advancing 2.4%. It's worth noting, the stock market was reacting like Jim Cramer said it would in his Sunday column . The one thing markets hate is uncertainty, and Wednesday's rally can be attributed, in part, to relief that Wall Street professionals and individual investors alike know where they stand and what to expect from the country's next president. Bond yields move inversely to prices, and a basis point is equal to 0.01%. "You have to be very careful to respect the bond market if you do any buying today," Jim said.

Persons: Jim Cramer, Donald Trump, Kamala Harris, Morgan Stanley, Jim, It's, Yun Li, Trump, Harris, Jerome Powell's, we'll, Jim Cramer's Organizations: CNBC, ., Wall, Dow Jones, Trump, Republican, NBC, Senate, NBC News, Wells, BlackRock, Energy, Coterra Energy, Honeywell, Federal, White, Arm Holdings, Qualcomm, Bros, Moderna, Barrick Gold, Halliburton, Hershey, Air Products, Chemicals, Warner Bros ., Jim Cramer's Charitable

☆ Brits brace for higher mortgage payments despite Bank of England seen cutting rates
▼ + stars: | 2024-11-06 | by ( Karen Gilchrist | ) www.cnbc.com time to read: +3 min

Oversnap | E+ | Getty ImagesLONDON — Britons are facing the prospect of higher mortgage rates for longer after the government's tax-and-spend budget threw off expectations for a series of near-term interest rate cuts. Mortgage rates also took a hit from the uncertainty, with a number of smaller and mainstream lenders raising mortgage rates on the expectation that interest rates may stay higher for longer. watch nowVirgin Money became the first major lender to raise mortgage rates after the budget, lifting them by 0.15%. "This isn't the radical spike in rates that have blighted mortgage rates in the last couple of years. He added that interest rates could now remain 50-basis-points higher than previously expected at the end of the cutting cycle.

Persons: Rachel Reeves, Reeves, —, David Hollingworth, Hollingworth, Allan Monks, BOE Organizations: Bank of England, Wednesday, Virgin Money, Santander, Morgan's Locations: London's, Oversnap

☆ Manuel García-Rulfo plays a violent man searching for love in Netflix’s ‘Pedro Páramo’
▼ + stars: | 2024-11-05 | by ( Max Gao | Max Gao Is A Freelance Entertainment | Sports Journalist Based In Toronto. He Has Written For Nbc News | ) www.nbcnews.com time to read: +9 min

In the new film directed by four-time Oscar-nominated Mexican cinematographer Rodrigo Prieto (“Killers of the Flower Moon,” “The Wolf of Wall Street”), García-Rulfo plays Páramo, a violent man searching for the love he once knew as a child. We’re all sons of this Mexico that is so complex and violent, but at the same time beautiful.”Manuel García-Rulfo as Mickey Haller in "The Lincoln Lawyer." He’s just a kid, he’s a dreamer, and he’s in love with this person. (Matthew McConaughey previously played Mickey in the 2011 film “The Lincoln Lawyer.”)From left, Manuel García-Rulfo and Neve Campbell in "The Lincoln Lawyer." “Instead of, ‘Oh, he’s a Latino lawyer,’ he’s a lawyer, period.

Persons: Manuel García, Rulfo, Mickey Haller, Netflix’s, “, ”, Pedro Páramo, Juan Rulfo, Juan Preciado, Preciado, Oscar, Rodrigo Prieto, ‘, ’, ” Manuel García, Lara Solanki, El, “ Páramo, Rodrigo, they’d, Prieto, Susana San, We’re, ” Manuel garcía, pedro páramo, Páramo, He’s, Michael Connelly, David E, Kelley, Mickey, Matthew McConaughey, Neve Campbell, Angélica María, I’ve, ’ he’s, he’s Organizations: Lincoln Lawyer, Netflix, NBC News, Lincoln, Hollywood Locations: Mexican, Mexico, Spanish, El Llano, Susana San Juan, American, Los Angeles, Swedish

☆ Running influencer banned from New York City Marathon after crew on e-bikes filmed him on course
▼ + stars: | 2024-11-05 | by ( Marlene Lenthang | Marlene Lenthang Is A Breaking News Reporter For Nbc News Digital. | ) www.nbcnews.com time to read: +2 min

A running influencer from Texas has been disqualified from the New York City Marathon and banned from future New York City running events after he ran part of the course with people on e-bikes filming him. Matthew Choi, of Austin, was disqualified from the 2024 TCS New York City Marathon on Sunday and removed from the results, New York Road Runners said in a statement. And with the New York City Marathon being about everyone else, and about the community, I made it about myself. He said he got an email from New York Road Runners on Monday night about his disqualification and lifetime ban. On Monday he had shared an Instagram reel showing himself running along the NYC marathon path.

Persons: Matthew Choi, “, Choi, Tik Tok, ”, there’s, I’m, ” Choi Organizations: New York City Marathon, Athletic Locations: Texas, New York City, Austin, New York, New, Instagram, York

This year, Kaptur is facing GOP state Rep. Derek Merrin. West VirginiaGovernor: GOP state Attorney General Patrick Morrisey is the heavy favorite to fill the seat being left open by GOP Gov. 5th Congressional District: Democratic Rep. Jahana Hayes has a rematch against former GOP state Sen. George Logan in this western Connecticut district. 7th Congressional District (Allentown): Democratic Rep. Susan Wild is running against GOP state Rep. Ryan McKenzie. She is facing Democratic state Rep. Janelle Bynum.

Persons: Anna Paulina Luna, Democrat Whitney Fox, Maria Elvira Salazar, Lucia Baez, Geller, Republican Sen, Mike Braun, Jennifer McCormick, Jim Banks, Braun, Valerie McCray, Frank Mrvan, Joe Biden, Randell Niemeyer, Phil Scott, Esther Charlestin ., Independent Sen, Bernie Sanders, Gerald Malloy, Democratic Sen, Tim Kaine, Republican Hung Cao, Biden, Jen Kiggans, Elaine Luria, Missy Cotter Smasal, Eugene Vindman, Derrick Anderson, Abigail Spanberger, Vindman’s, Alexander Vindman, Trump’s, Spanberger, Josh Stein, Mark Robinson, Robinson, Sen, Rachel Hunt, Jim Hunt, Hal Weatherman, Jeff Jackson, Republican Dan Bishop, Elaine Marshall, Republican Chad Brown, Don Davis, Laurie Buckhout, Davis, Sherrod Brown, Trump, Brown, Bernie Moreno, Greg Landsman, Orlando Sonza, Marcy Kaptur, Derek Merrin, Emilia Sykes, Kevin Coughlin, Patrick Morrisey, Jim Justice, Democrat Steve Williams, Joe Manchin, Wheeling Mayor Glenn Elliot, Republican Kris Warner, State Mac Warner, Democrat Thornton Cooper, Caroleene Dobson, Chris Murphy, Matt Corey, Jahana Hayes, George Logan, Hayes, Logan, Lisa Blunt Rochester, Ben Cardin, Republican Eric Hansen, Blunt Rochester, Matt Meyer, Michael Ramone, Sarah McBride, GOP Sen, Rick Scott, Debbie Mucarsel Powell, Scott, Eric Sorensen, Joseph McGraw, Sharice Davids, Prasanth Reddy, Angus King, David Costello, Demi Kouzounas ., Jared Golden, Austin Theriault, Angela Alsobrooks, Prince George’s, Larry Hogan ., April McClain Delaney, John Delaney, Republican Neil Parrott, David Trone, Elizabeth Warren, Republican John Deaton, Hillary Scholten, Republican Paul Hudson ., Tom Barrett, Curtis Hertel ., Dan Kildee, Kristen McDonald, Paul Junge ., John James eked, James, Democrat Carl Marlinga, Roger Wicker, Ty Pinkins, Josh Hawley, Lucas Kunce, Mike Kehoe, Crystal, Kelly Ayotte, Democrat Joyce Craig, Chris Sununu ., Chris Pappas, Republican Russell Prescott, Annie Kuster, Lily Tang Williams, Maggie Goodlander, Jake Sullivan ., Bob Menendez’s, Andy Kim, Republican Curtis Bashaw ., Tom Kean Jr, Kean, Sue Altman, Bob Casey, Republican Dave McCormick, Mehmet Oz, Brian Fitzpatrick, Ashley Ehasz, Susan Wild, Ryan McKenzie, Wild, Matt Cartwright, Rob Bresnahan Jr, Scott Perry, Janelle Stelson, Chris DeLuzio, Rob Mercuri, Sheldon Whitehouse, Patricia Morgan, Marsha Blackburn, Gloria Johnson, Monica de la, Michelle Vallejo, Henry Cuellar, Jay Furman, Vicente Gonzalez, Mayra Flores, Kyrsten Sinema, Ruben Gallego, Kari Lake, David Schweikert, Shah, Juan Ciscomani, Kirsten Engel, Ciscomani, Lauren Boebert’s, Adam Frisch, Republican Jeff Hurd ., Gabe Evans, Mariannette Miller, Meeks, Christine Bohananan, Zach Nunn, Lanon Baccam, Garret Graves, Debbie Stabenow’s, Elissa Slotkin, Mike Rogers, Amy Klobuchar, Republican Royce White, Angie Craig, Joe Teirab, Deb Fischer, Dan Osborn, Pete Ricketts, Ben Sasse’s, Sasse, Ricketts, Democrat Preston Love Jr, Don Bacon, Tony Vargas, Bacon, Martin Heinrich, Republican Nella Domenici, Yvette Herrell, Gabe Vasquez, Vasquez, Kirsten Gillibrand, Mike Sapraicone, Nick LaLota, Democrat John Avlon, Tom Suozzi, George Santos, Suozzi, Mike LiPetri, Anthony D’Esposito, Laura Gillen, D’Esposito, Mike Lawler, Mondaire Jones, Lawler, Sean Patrick Maloney, Pat Ryan, Alison Esposito, Marc Molinaro, Josh Riley, Molinaro, Brandon Williams, John Mannion, Kelly Armstrong, Merrill Piepkorn, Doug Burgum, Kevin Cramer, Katrina Christiansen, Roe, Ted Cruz, Colin Allred, Tammy Baldwin, Eric Hovde, Brian Steil, Peter Barca, Derrick Van Orden, Rebecca Cooke, John Barrasso, Democrat Scott Morrow, Jon Tester, Tim Sheehy, Greg Gianforte, Ryan Busse ., Ryan Zinke, Monica Tranel, Zinke, Jacky Rosen, Republican Sam Brown, Dina Titus, Republican Mark Robertson, Drew Johnson, Susie Lee, Steven Horsford, Republican John Lee, John Curtis, Mitt Romney, Curtis, Caroline Gleich, Spencer Cox, Brian King, Adam Schiff, Dianne Feinstein, Schiff, Republican Steve Garvey, Kevin Kiley, Jessica Morse, Republican Stockton Mayor Kevin Lincoln, Josh Harder, John Duarte, Democrat Adam Gray, Duarte, David Valadao, Rudy Salas, Mike Garcia, George Whitesides, Young Kim, Joe Kerr, Ken Calvert, Democrat Will Rollins, Michelle Steel, Derek Tran, Republican Scott Baugh, Katie Porter, Dave Min, Porter, San Clemente, Mike Levin, Matt Gunderson, Val Hoyle, Monique DeSpain, Lori Chavez, Janelle Bynum, Andrea Salinas, Mike Erickson, Salinas, Bob Ferguson, Dave Reichert ., Marie Gluesenkamp, Perez, Republican Joe Kent, Dan Newhouse, Republican Jerrod Sessler, Newhouse, Kim Schrier, Carmen, Mazie, Bob McDermott, Mary Peltola, Nick Begich, Eric Hafner, John Howe Organizations: Congressional District, Democrat, Trump, Congressional, Miami, Dade County School Board, Georgia, House, Indiana Governor, Republican, Senate, GOP, District, Democratic, South, Vermont Governor, Republican Gov, Independent, Army, Virginia Senate, Navy, North Carolina Governor, Gov, Ohio Senate, Kaptur, Virginia Governor, GOP Gov, Huntington . Senate, Wheeling Mayor, State, Alabama, Justice Department, Caroleene Dobson . Connecticut Senate, Delaware Senate, District of Columbia, Illinois, Rep, NASCAR, Maryland, Frederick, Commerce Department, Marine, Missouri, White House, Jake Sullivan . New, Jake Sullivan . New Jersey Senate, Alliance . Oklahoma, Democratic Army, Apache, Biden, Freedom Caucus, Rhode, Rhode Island Senate, Tennessee Senate, Tennessee, Monica de la Cruz, Arizona, Democratic Rep, National, U.S . Department of Agriculture, Republicans ’, Minnesota Senate, . Nebraska, New Mexico Senate, . New York Senate, New York Police, CNN, GOP Rep, New York Democrats, North, North Dakota Governor, South Dakota, . Wisconsin Senate, Wisconsin, Wyoming, Montana Senate, Nevada Senate, Nevada, Congressional Black Caucus, Security, Utah, California Senate, California Natural Resources Agency, Republican Stockton Mayor, Capitol, NASA, Virgin Galactic, Air Force, Washington Governor, Hawaii Senate, Alaska, Peltola, Alaskan Independence Party Locations: States, Florida, Clearwater, Miami, Georgia, Indiana, Gary, Kentucky, South Carolina, U.S, Virginia, Virginia Beach, Northern Virginia, Gaston County, Ohio, Cincinnati, Toledo, Akron, Huntington, Montgomery, Alabama, Caroleene Dobson . Connecticut, Connecticut, . Kansas, Kansas, Prasanth Reddy . Maine, Maine, Prince George’s County, Massachusetts, Michigan, Grand, Lansing, Saginaw, Flint, Detroit, Mississippi, Missouri, . New Hampshire, Dixville, Manchester, Portsmouth , Manchester, Jake Sullivan . New Jersey, North Jersey, Philadelphia, Allentown, Scranton, Harrisburg, Pittsburgh, Rhode Island, Texas, McAllen, Laredo, South Texas, Phoenix, Tucson, Colorado, Denver, Iowa, Davenport, Des Moines, Louisiana, Baton Rouge, Shreveport, Black, Twin Cities, Omaha, New Mexico, Albuquerque, ., Long, Queens, Hempstead, New York City, Hudson, New York, Syracuse, North Dakota, . Texas, Racine, La Crosse, Bozeman , Missoula, Nevada, Las Vegas, North Vegas, North Las Vegas, Sacramento, California, Stockton, Central, Los Angeles, Santa Clarita, Southern California, Riverside County, Calvert, Irvine, San, Idaho, United States, Oregon, Eugene, Portland, Salem, Seattle

☆ Teen who wowed China in Alibaba math contest got help from teacher, organizers say
▼ + stars: | 2024-11-05 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Ap-Live-Blog-Byline-Image.Png | The Associated Press | ) www.nbcnews.com time to read: +2 min

A vocational school student in China who wowed the public in June by finishing near the top in the preliminary round of a math contest was helped by her teacher in violation of the rules, the organizers said this week. An investigation found that the math teacher’s assistance broke a rule of “no discussion with others,” the Alibaba Global Mathematics Competition Organizing Committee said Sunday. For this, we express our sincere apologies,” the organizing committee said. The teacher, Wang Runqiu, also entered the contest and finished 125th in the preliminary round. Damo Academy, the contest organizer, didn’t respond to an email, and a call to the vocational school was unanswered on Tuesday.

Persons: Jiang Ping, Jack Ma, Wang Runqiu, Jiang, Wang, didn’t Organizations: Cambridge, MIT, Caltech, Jiangsu Lianjiang Vocational, Damo Academy Locations: China, China’s Jiangsu, Jiangsu

☆ Officers who hit fans at Florida-Georgia game were 'within policy,' sheriff says
▼ + stars: | 2024-11-05 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Dennis-Romero-Circle-Byline-Template.Jpg | Dennis Romero | ) www.nbcnews.com time to read: +7 min

Body camera video of altercations between officers and fans at the weekend's University of Florida vs. University of Georgia football game proves the officers did no wrong, Jacksonville Sheriff T.K. A sheriff's incident report identified them as father-and-son duo Michael Wayne Long, 58, and Alexander Michael Long, 27, both of Orange Park, Florida. The officers wrestled with Brown before they got him into custody, body camera video shows. Waters said six officers assigned to the game were injured, eight people were arrested, and 35 fans were ejected. In sheriff's body camera video of the first incident, the suspect used the same word, Vorpahl said at the news conference.

Persons: Waters, Tate Moore, John Phillips, Phillips, sheriff's, Michael Wayne Long, Alexander Michael Long, Brandon Michael Boley, Walter Brown, Brown, . Bowers, E.D, Kelly, Cmdr, Jacob Vorpahl, Vorpahl, lacerations, J.S . Beasley, J, Anthony ., They’re, Donna Deegan, “ I’m, ” Organizations: weekend's University of Florida, . University of Georgia, Jacksonville Sheriff T.K, Barstool, Authorities, Police, Jacksonville, Florida Gators, Georgia Bulldogs Locations: Jacksonville, Orange Park , Florida, Fleming Island , Florida, Callahan , Florida

Only 22% of parents are "completely confident" in their ability to teach their children the basics of investing, the survey found, and they're looking to their kids' schools for help. All else being equal, 74% of parents said they would move their children to a different school if it offered financial education and investment courses. SIFMA with Wakefield Research polled 1,000 U.S. parents of students in grades K-12. Getting your child hands-on experience with investing is also a smart strategy, advisors say. Hands-on experience also gives children a chance to discuss with parents what investing means to them, she said.

Persons: —, Melanie Mortimer, Lance Robert, Stacy Francis, Francis, Catherine Valega, Roth IRAs, Valega Organizations: SIFMA Foundation, Wakefield Research, Francis Financial, CNBC, Getty Images, Green Bee Advisory Locations: Los Angeles, New York, Getty Images Boston

☆ Chinese driver-assist startup announces $100 million in funding, touts 'deep cooperation' with Nvidia
▼ + stars: | 2024-11-05 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +4 min

David Kirton | ReutersBEIJING — Deeproute.ai, a Chinese startup developing autonomous driving systems, announced a $100 million funding round Tuesday from an undisclosed automaker, while emphasizing close ties with chipmaker Nvidia . The startup is also in "deep cooperation" with Nvidia, Zhou said, noting "in-depth discussions" with the chipmaker's CEO Jensen Huang. Zhou spoke on "Commercializing mass-produced autonomous driving solutions" at Nvidia's closely watched GTC AI conference in March. Those maps, used by autonomous driving companies such as Alphabet's Waymo, give a car a detailed picture of city streets. Chinese autonomous driving software developer WeRide went public on the Nasdaq last month, while robotaxi operator Pony.ai has filed for a U.S. IPO.

Persons: David Kirton, It's, Maxwell Zhou, Zhou, Jensen Huang, Deeproute, Orin, Japan Deeproute, Tesla, Elon, WeRide, Pony.ai Organizations: Reuters, Nvidia, Wall, CNBC, Huawei, Nasdaq, Industry Locations: Shenzhen, Guangdong province, China, Reuters BEIJING, Deeproute, U.S, Japan, California

☆ Here are Tuesday's biggest analyst calls: Apple, Microsoft, Palantir, Eli Lilly, Broadcom, Krispy Kreme, Live Nation & more
▼ + stars: | 2024-11-05 | by ( Michael Bloom | ) www.cnbc.com time to read: +8 min

Morgan Stanley reiterates Live Nation as overweight Morgan Stanley raised its price target on the stock to $140 per share from $120. Bank of America reiterates Apple as buy Bank of America says it sees "limited" impact to Apple earnings regardless of the Presidential outcome. Bank of America reiterates Palantir as buy The firm says Palantir is an AI "juggernaut" following earnings on Monday. Bank of America reiterates Arista Networks as buy Bank of America says it sees share gains ahead for the networking equipment company. Morgan Stanley reinstates Krispy Kreme as equal weight Morgan Stanley says Krispy Kreme has a balanced risk/reward right now.

Persons: Morgan Stanley, it's bullish, Eli Lilly, Palantir, Bernstein, Eaton, Deutsche, there's, Jefferies, Rick Dreiling, MTZ, Morgan Stanley reinstates Krispy, Krispy Kreme Organizations: Bank of America, Boeing, JPMorgan, RBC, Microsoft, " Bank of America, Broadcom, Apple, Republicans, Arista Networks, Arista, Meta, Deutsche Bank, eBay, Barclays, Energy, Infrastructure, Communications, Resources, IDA Locations: San Antonio, Redmond , WA

☆ 'the Menendez Brothers' Netflix Doc Director: Lyle and Eric Should Be Freed
▼ + stars: | 2024-11-05 | by ( Caralynn Matassa | ) www.businessinsider.com time to read: +7 min

But amid a sea of Menendez content, Alejandro Hartmann's new Netflix documentary has one thing most Menendez docs don't: both brothers telling their story in their own words. 'The Menendez Brothers' director says being a foreigner helped him offer a fresh perspective on a decades-old caseErik Menendez and his brother Lyle Menendez at a pre-trial hearing in 1992. Related storiesHe also used his outsider status to woo Lyle Menendez, whom he knew would be the more difficult brother to secure for an interview. He now believes the Menendez brothers should be freedErik Menendez with his attorney Leslie Abramson and his brother Lyle Menendez during their trial. "The Menendez Brothers" is now streaming on Netflix.

Persons: Jose, Kitty Menendez, Lyle, Erik, they've, Ryan Murphy's, Alejandro Hartmann's, Menendez, Richard J, It's, Barbara Walters, Pamela Bozanich, Hartmann, Menendez Brothers, Erik Menendez, Lyle Menendez, Vince Bucci, wasn't, Harmann, He's, Nicholas Chavez, Chloë Sevigny, Javier Bardem, Cooper Koch, Edie Falco, Leslie Abramson, Ryan Murphy, it's, he'd, Ted Soqui, George Gascón, I'm Organizations: Netflix, Donovan Correctional Facility, Business, NBC, Nielsen, Getty, Los Angeles District Locations: Menendez, San Diego, Argentina

☆ 'No sign other than strength' in Southeast Asia's digital economy, says Google
▼ + stars: | 2024-11-05 | 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 Email'No sign other than strength' in Southeast Asia's digital economy, says GoogleSapna Chadha, vice president at Google Southeast Asia, discusses the "e-Conomy SEA 2024" report and says there's "tremendous growth" in the region's digital economy.

Persons: Chadha Organizations: Google Locations: Asia

☆ North Korea likes to stir up trouble around US elections, and this time around, it's been at it with missiles
▼ + stars: | 2024-11-05 | by ( Chris Panella | ) www.businessinsider.com time to read: +6 min

Data shows that North Korea ramps up its missile and military activity around US elections. North Korea's provocations stir up trouble for the US and its allies. The latest provocations come as North Korea draws closer to Russia and amid confirmations that thousands of North Korean troops are aiding Russia in its war against Ukraine. On Tuesday, North Korea launched several ballistic missiles toward the East Sea/Sea of Japan, South Korea's military said. North Korea fired multiple ballistic missiles on Tuesday, South Korea and Japan said.

Persons: —, Kim Jong, Kim Yo Jong, Victor Cha, Cha, Donald Trump's, Kim Jae, Vladimir Putin, Kim Organizations: Service, Research, Ukraine, North, North Korea's, Korean Central News Agency, Korea News Service, AP, Korea, Center for Strategic, International Studies, Asian Affairs, White, National Security Council, Trump, Kim, CSIS, Getty, US, South, Russian, Russia Locations: Korea, Pyongyang, North Korea, Russia, Japan, South, North, South Korea, Washington, Kim Singapore, Vietnam, Ukraine, Ukrainian, Russian

☆ 10-year yield to 4.5%? Rates could also see a big move on the election outcome
▼ + stars: | 2024-11-05 | by ( Yun Li | ) www.cnbc.com time to read: +2 min

The bond market, which has already seen dramatic moves leading up to the U.S. presidential election, could see even bigger price action depending on the outcome. One big theme investors are considering is the possibility of a Donald Trump win and higher bond yields that could follow. "I expect them to be worried that Trump would enact all those tax cuts, and I think bond yields would rise." US10Y 3M mountain 10-year Treasury The benchmark 10-year Treasury yield surged 50 basis points in October, marking the biggest monthly increase since September 2022. "There is room for rates to move in either direction depending on [the] election outcome."

Persons: Donald Trump, Trump, Jeremy Siegel, Kamala Harris, Stephanie Roth, Roth, Siegel Organizations: U.S, Treasury, Federal Reserve, White, Republican, Senate, Wharton School, University of Pennsylvania, Trump, Wolfe Research

☆ I'm a father of 2. I won't give my children smartphones while they live at home.
▼ + stars: | 2024-11-05 | by ( Beatrice Nolan | ) www.businessinsider.com time to read: +4 min

He doesn't plan on giving his children smartphones until they leave home. Archer is part of a nationwide parents pact that aims to delay giving children smartphones. I have two children, one 9-year-old and one 7-year-old, and I'm not planning to give them smartphones until they leave home. AdvertisementI don't judge parents who already have given their children smartphones. Collective actionI recently signed up for the Smartphone Free Childhood Pact, a group of parents who pledge to delay giving their children smartphones.

Persons: Rob Archer, Archer, —, I'm, you'll, we've, I've, they're, it's Organizations: Service, Pact Locations: London

☆ Average age of first-time homebuyers is 38, an all-time high. Here's what that says about the real estate market
▼ + stars: | 2024-11-05 | by ( Ana Teresa Solá | ) www.cnbc.com time to read: +3 min

'The biggest issue of housing today'The housing shortage in the U.S. is "the biggest issue of housing today," said Orphe Divounguy, senior economist at Zillow. As of mid-2023, there's a housing shortage of 4 million homes, according to the NAR. Rent prices increased faster than tenants' wages during the pandemic. "We're seeing renters staying renters for longer because affordability has been so squeezed," he said. High rent prices not only affect your ability to save money to buy a home, it can affect your ability to pay down any existing debt, Lautz said.

Persons: homebuyer, Jessica Lautz, Orphe Divounguy, Jonathan Scott, Scott, Selma Hepp, Divounguy, Lautz Organizations: National Association of Realtors, NAR, HGTV, CNBC Locations: U.S

☆ Ferrari's core profit rises 7%, helped by product mix, personal touches
▼ + stars: | 2024-11-05 | by ( ) www.cnbc.com time to read: +1 min

A Ferrari logo is being installed on a Ferrari car at Ferrari's new 'e-building' facility where the luxury sportscar maker is testing lines before an expected start of car production in early 2025, in Maranello, Italy, June 21, 2024. Ferrari said on Tuesday its core earnings rose 7% in the third quarter, despite a slight decrease in car shipments, as the luxury sports car maker continued to benefit from a richer product offer and increased demand for personalization. Ferrari said in a statement it was now even more confident of hitting its full-year targets. A richer product offer, including stronger pricing power, brought a 60 million euro positive contribution to the quarterly result, the company said in a statement. Chief Executive Benedetto Vigna added the company enjoyed "exceptional order book visibility well into 2026."

Persons: Ferrari, Benedetto Vigna Locations: Maranello, Italy, Milan

☆ Goldman's top equity strategist tells BI 2 similarities between today's market and the dot-com bubble — and what it means for your portfolio
▼ + stars: | 2024-11-05 | by ( Christine Ji | ) www.businessinsider.com time to read: +7 min

Kostin expects the S&P 500 equal-weighted index and mid-cap stocks to gain from a broadening market. Today, the 10 largest stocks in the S&P 500 make up 36% of the entire index by market capitalization. Related storiesThis gap between the top S&P 500 performers and the rest of the index hasn't occurred since the dot-com bubble. "The evidence is strongly in support of the fact that growth rates for high revenue growth companies tend to fade," he added. For that reason, Kostin is expecting the S&P 500 equal-weight SPW index to outperform the market-cap-weighted S&P 500.

Persons: David Kostin, Kostin, —, Goldman Sachs, Kostin isn't, that's, he's Organizations: Service, Big Tech, Intel, Microsoft, Cisco

☆ 7 binge-worthy YouTube series that are worth spending hours watching
▼ + stars: | 2024-11-05 | by ( Alli Rosenbloom | ) edition.cnn.com time to read: +4 min

Lucky for you, we put together this nifty list of binge-worthy YouTube series that you can spend your hard-earned chill time mindlessly watching for hours on end instead of stressfully scrolling. ‘Open Door’Architectural Digest’s “Open Door” series is like MTV’s “Cribs” but much more chic. Keith Habersberger at Disney World's Animal Kingdom on 'Keith Eats Everything.' From CRITERION‘Gourmet Makes’From Bon Appetite’s Test Kitchen comes famed pastry chef Claire Saffitz’s “Gourmet Makes” series, where she attempts to recreate gourmet versions of your favorite comfort foods. She goes above and beyond to recreate the most obscure snacks in this series that will keep you occupied – and hungry – for hours.

Persons: CNN — It’s, Sean Evans, Evans, Gordon Ramsey, Billie Eilish, Paul Rudd, Jimmy Fallon, Amelia Dimoldenberg, Andrew Garfield’s, ‘ Keith, Keith Habersberger, YouTube’s, Keith, Taco, they’ve, Janelle Monáe’s, Claire Saffitz’s Organizations: CNN, Bell, Taco Bell, Disney, CIA

☆ Why quant giant D.E. Shaw seeks out academics, doctors, and veterans to work at the $60 billion hedge fund
▼ + stars: | 2024-11-05 | by ( Bradley Saacks | ) www.businessinsider.com time to read: +10 min

download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . The rotational associates program lets new hires work for different teams in different roles so new employees can get a sense of where they fit best. Academics, doctors, and veteransThe end result is that driven people find their place in the firm, one way or another. Shaw Research, a computational drug discovery company led by Shaw, which put the hedge fund on their radar. Willenken, the doctor of philosophy, appreciated that his role included the parts of academia he enjoyed most without the siloed approach academic research roles typically require.

Persons: Shaw, —, Tim Willenken, hadn't, Gabrielle Wesley, I'd, D.E, David Shaw, Charles Ardai, Jeff Bezos, Jeremy Reff, Reff, Willenken, Don Quixote, Ana Díaz Rivero, Lindsay Temes's, Dr, Omar Ali, Lindsey Temes, Shaw Temes, Pat Tillman, Ali, Díaz Rivero Organizations: BI, Service, Mars, Amazon, Big Tech, Harvard, D.E, undergrad, Air Force, MIT, Pat Tillman Foundation, National Health Service, NHS, Shaw Research Locations: D.E, Mars Wrigley, America, New York, quants, Silicon Valley, Big

☆ Jeff Bezos just made his latest bet in the AI robotics space. Here are the 6 startups he's backed so far.
▼ + stars: | 2024-11-05 | by ( Samantha Stokes | ) www.businessinsider.com time to read: +4 min

BI has compiled a list of which AI robotics startups Bezos has backed so far, per PitchBook. Physical Intelligence is at least the third spatial intelligence startup Bezos has backed this year, according to PitchBook. Related storiesFigure AIFigure AI builds AI robots that can take over unsafe jobs from humans. Bezos invested in an undisclosed funding round in 2021, while Bezos Expeditions invested in its $24 million Series A funding round in 2020. Bezos Expeditions invested in the startup's $30 million Series E in 2017, $40 million Series D in 2015, $30 million Series C in 2012, $20 million Series B in 2010, $7 million Series A1 in 2009, and $5 million Series A in 2008.

Persons: Jeff Bezos, —, Andreessen Horowitz, Bezos, OpenAI Organizations: Service, Khosla Ventures, Intelligence, The New York Times, Bezos Expeditions, New York Times, Sentinel, HAHN Group

☆ Israeli attacks in West Bank killed at least eight people, officials and residents say
▼ + stars: | 2024-11-05 | by ( Kareem Khadder | Sana Noor Haq | ) edition.cnn.com time to read: +3 min

CNN —A series of Israeli raids and airstrikes in towns and villages in the occupied West Bank that stretched overnight from Monday into late Tuesday have killed at least eight people, according to Palestinian authorities and local residents. Two Palestinians were killed in the town of Tamoun, said the governor of nearby Tubas, Ahmad Assad, alleging that one of the bodies was removed from the scene by the Israeli military with a bulldozer. Two were killed by Israeli gunfire, and two others killed when an Israeli military vehicle rammed a car and opened fire, according to residents and video seen by CNN. Israel has previously described its stepped-up military offensives in the West Bank as targeting militants and “terrorist infrastructure.”The bloodshed comes as violence surges in the West Bank, where the Israeli military has intensified incursions following the Hamas-led October 7 attacks. Since October 7, 2023, Israeli troops and settlers have killed at least 775 Palestinians, including 167 children, in the occupied West Bank and Jerusalem, the Palestinian health ministry reported on Tuesday.

Persons: Ahmad Assad, Araby, Qabatya, Rabe’e Al, Munir, Laila Ghannam, “, ”, Ihab Al, CNN’s Mick Krever Organizations: CNN, West Bank, Palestinian Ministry of Health, Qatari, Israel Defense Forces, West Bank and, The West Bank, United Nations Office, Humanitarian Affairs Locations: Tamoun, Tubas, Al, Jenin, Qabatya, Israeli, Israel, West Bank and Jerusalem, Ramallah, Jordan

☆ The surge in election betting has catapulted Kalshi and Polymarket to the top of Apple's App Store
▼ + stars: | 2024-11-05 | by ( Matthew Fox | ) www.businessinsider.com time to read: +2 min

Kalshi and Polymarket catapulted to the most downloaded free apps on the Apple App Store on Tuesday. Kalshi and Polymarket show Trump favored to win the Electoral College, with Harris expected to win the popular vote. AdvertisementKalshi and Polymarket zoomed to the top of the Apple App Store on Tuesday amid a surge in election betting in the waning days of the 2024 US presidential campaign. Kalshi's ascent in the Apple App Store rankings represented a key goal being reached for the company's CEO, Tarek Mansour. 1 for the entire App Store by Election Day, so the demand curve truly is exponential," Mansour told CNBC last month.

Persons: Kalshi, Trump, Harris, —, Tarek Mansour, we're gunning, Mansour, Polymarket, Donald Trump, Kamala Harris Organizations: Apple, Electoral, Service, CNBC, Electoral College Locations: Polymarket

☆ Cans of ‘fresh air’ from Lake Como on sale to tourists in Italy
▼ + stars: | 2024-11-04 | by ( Issy Ronald | ) edition.cnn.com time to read: +3 min

But now, communications company ItalyComunica says it has bottled the very air of Italy’s picturesque Lake Como and is selling these cans for €9.90 ($11) apiece. courtesy Italycomunica srlMore than 5.6 million people visited Lake Como in 2023, and the numbers are consistently growing, according to the Lombardy tourism bureau. In an attempt to capitalize on the visitor numbers, marketing specialist Davide Abagnale originally created an e-commerce site selling Lake Como posters, after seeing so many posters of San Francisco and Los Angeles on his honeymoon in 2022. “It’s a novel idea, but not for everyone,” he told CNN. Tourists can also buy cans of air in Iceland, while a Canadian company saw its sales boom in 2015 when hundreds of Chinese customers began buying its canned air.

Persons: – George, Amal Clooney, Gucci ”, srl, Davide Abagnale, ItalyComunica, “ It’s, ” Abagnale, Alessandro Rapinese, wouldn’t, “, ”, Chiara Piscitelli, Abagnale Organizations: CNN, “, Como Locations: Lake Como, Lombardy, San Francisco, Los Angeles, Como, Naples, England, Scotland, Wales, Northern Ireland, Iceland, Canadian

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