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☆ An expat in Panama explains what movers can expect to pay and the pros and cons of raising kids abroad
▼ + stars: | 2024-10-15 | by ( Noah Sheidlower | ) www.businessinsider.com time to read: +8 min

In 2015, Davidson settled down in Panama City, working as a technical support manager. He met his wife in Panama, and the two bought a $150,000 home and now raise their children in the capital. Beaches near Coronado, Panama City. Living for cheaper in Central AmericaHe met his wife in Panama, and they had two children. Mac DavidsonHe said average home prices in Panama City are often half what he saw in Manitoba's cities, which were about $400,000 when he checked earlier this year.

Persons: Mac Davidson, Davidson, —, It's, Panama Davidson, he's, He's Organizations: Service, University of Manitoba, Friendly Nations, Nissan Locations: Canada, Panama, Manitoba, Panama City, Coronado , Panama City, Florida, American, Central America, Ancon, Manitoba's, Vancouver, North America

☆ Medical schools and legislation aim to address a worsening doctor shortage that's already hitting rural communities
▼ + stars: | 2024-10-15 | by ( Heather Lindsey | ) www.businessinsider.com time to read: +9 min

A doctor shortage is projected to hit 86,000 by 2036. According to the Rural Medical Training Collaborative, 133 rural residencies in family medicine and 69 rural-track programs are recruiting for 2025 enrollment, along with 30 internal-medicine residencies and 16 psychiatry residencies. Several pieces of legislation have also been introduced to Congress to address the doctor shortage. For example, HR 7855, the Association of American Medical Colleges-endorsed Rural Residency Planning and Development Act of 2024, would codify the Rural Residency Planning and Development Program, which funds the startup costs of residency training in rural areas, Dill said. From 2019 to 2024, the program has enabled the launch of 46 accredited rural residency programs across 38 states and Puerto Rico.

Persons: —, Mellisa, Case, Michael Dill, Bruce Scott, Scott, they're, Dill, Molly Fox, Fox, Catherine, Chase Hearn, he'd, I've, Hearn, Hollie Davis Frick, Davis Frick Organizations: Healthcare, Service, Association of American Medical Colleges, American Medical Association, Medicare, Kansas Health Science University, KHSU's Kansas College of Osteopathic Medicine, Catherine Hospital, OB, Oregon Health & Sciences University, Rural, Development, Patel, Group, Conrad State Locations: Prineville , Oregon, Portland, Bend, Louisville , Kentucky, Garden City, Wichita, Oregon, Crook, Puerto Rico, Conrad

☆ Banks haven't been the same after post-financial crisis bounce back, says Jim Cramer
▼ + stars: | 2024-10-14 | by ( Jim Cramer | ) www.cnbc.com time to read: 1 min

Banks haven't been the same after post-financial crisis bounce back, says Jim Cramer'Mad Money' host Jim Cramer looks at banks and healthcare sectors.

Persons: Banks haven't, Jim Cramer

☆ Financial stocks are still being woefully underappreciated by investors, Morgan Stanley says
▼ + stars: | 2024-10-14 | by ( Filip De Mott | ) www.businessinsider.com time to read: +3 min

Positioning in financial stocks is light relative to other sectors, Morgan Stanley says. AdvertisementInvestors are lingering in defensive trades that don't take advantage of the economy's strength, Morgan Stanley said, highlighting opportunities in underinvested sectors. The firm — which just last week upgraded cyclical stocks to "overweight" relative to defensives — described the financials group as particularly attractive. Morgan Stanley said net exposure to financials was in the bottom 15th percentile of a historical data series that goes back to 2010. Morgan Stanley noted that this weakness lowered earnings-season expectations for investors, making it easier for major lenders to outperform forecasts.

Persons: Morgan Stanley, —, financials, Mike Wilson, Wells Fargo, Wilson Organizations: Service, Bank, JPMorgan, Utilities, defensives, ISM Locations: Basel

☆ Before my dad died, he was put on the maternity floor for hospice. The nurses took such good care of us, and it was quiet and calm.
▼ + stars: | 2024-10-14 | by ( Kelly Burch | ) www.businessinsider.com time to read: +5 min

The hospital put him on the maternity floor for hospice care. In the ER, I chose to move my dad to hospice careMy dad had been very sick for more than a decade. Then I saw where we were really headed: the maternity floor. "Make sure you tell her we're on the maternity floor," I told my brother. No one expects life to end on the maternity floor, but I know this hospital was onto something.

Persons: —, I'd Organizations: Service

☆ Jefferies says buy this little-known injectable drug delivery maker with more than 30% upside
▼ + stars: | 2024-10-14 | by ( Samantha Subin | ) www.cnbc.com time to read: +1 min

It's time to buy shares of this under-the-radar injectable delivery and beauty packaging maker with more than 30% upside potential, according to Jefferies. Analyst Daniel Rizzo upgraded shares of Aptargroup to a buy rating, saying that new pharmaceutical delivery products should drive 10% sales growth on a compound annual basis through 2027. Along with the upgrade, Rizzo boosted his price target by 39% to $215 a share, representing 33% upside from Friday's close. The firm also forecasts that the company can drive 7% to 11% pharmaceuticals sales growth over the next 10 years, given that 80% of its delivery systems are protected by intellectual property tools such as patents. "The stock is up ~30% YTD ... but as new products help earnings accelerate, we expect multiple expansion to help support another ~30% increase."

Persons: Daniel Rizzo, Rizzo Organizations: Jefferies, OTC Narcan, pharma Locations: Aptargroup, U.S

☆ A basic income program funded by descendants of slave owners provides $1,000 a month as a form of reparations
▼ + stars: | 2024-10-13 | by ( Katie Balevic | ) www.businessinsider.com time to read: +7 min

Buck and Gracie Close are funding a basic income program for victims of unjust policing. They view the program as a form of reparations for their family's history as slave owners. Small-scale guaranteed basic income programs have sprouted around the country in recent years, inspired in part by the success of pandemic-era cash handouts. These basic income programs offer unrestricted cash payments to specific groups of vulnerable low-income residents for a limited time period. The programs differ from a universal basic income, which would offer regular cash payments to all residents regardless of their financial status.

Persons: Buck, Gracie, —, Buck Close, they've, Maggy Baccinelli, Baccinelli, enslavers Organizations: ACLU, Service, American Civil Liberties Union of Louisiana, Confederate, Herald Locations: Louisiana, North Carolina, Washington, Fort Mills, Rock, South Carolina

☆ Insider Today: Robotaxi reality check
▼ + stars: | 2024-10-13 | by ( Matt Turner | ) www.businessinsider.com time to read: +5 min

On the agenda today:But first: Elon Musk's robotaxi got lost on the way to Wall Street. This week's dispatchTesla's upcoming Robotaxi TeslaRobotaxi dreams meet Wall Street realityElon Musk unveiled Tesla's robotaxi, along with a robovan and updates to its humanoid robot, at a flashy event in Los Angeles this week. Wall Street wasn't buying it. AdvertisementIt's tough to bet against Elon Musk, as many on Wall Street have discovered. Wall Street is taking note, and Amazon could soon face pressure to return some of its cash with buybacks or dividends.

Persons: —, Microsoft's, Elon Musk's robotaxi, Tesla, Elon Musk, Musk, Alyssa Powell, Anand Selva, He's, who've, Selva, Chelsea Jia Feng, that's, Natalie Ammari, Vishal Persaud, SunPower, it's, Ibrahim Rashid Organizations: Business, Service, Warner Bros, Detroit, Elon, Citi Citi Bank, Getty, Citi, Big, Microsoft Locations: Los Angeles, Burbank, America

☆ Who is Demis Hassabis, the DeepMind founder who won the Nobel Prize in chemistry?
▼ + stars: | 2024-10-13 | by ( Sam Shead | Lakshmi Varanasi | ) www.businessinsider.com time to read: +1 min

Demis Hassabis won the 2024 Nobel Prize for Chemistry. Hassabis cofounded DeepMind, which Google acquired in 2014. Go to newsletter preferences Thanks for signing up! AdvertisementDemis Hassabis, the cofounder of the renowned artificial intelligence lab DeepMind, is recognized worldwide as one of the leading thinkers in his field. Hassabis and his fellow DeepMind coworker, John Jumper, were awarded the 2024 Nobel Prize for Chemistry for their work on protein structure prediction.

Persons: Demis Hassabis, Hassabis, DeepMind, —, Demis, John Jumper Organizations: Chemistry, Google, Service, Guardian, University of Cambridge, University College London

☆ An artist used his $500 monthly basic income to build his hip hop career: 'It's not feasible to create art in a place of distress.'
▼ + stars: | 2024-10-13 | by ( Allie Kelly | ) www.businessinsider.com time to read: +5 min

Tarli, 36, said cash payments helped him afford equipment for his hip hop career. Additionally, the cash payments helped him reach "flexibility and freedom" beyond affording basics. When Tarli received his first $500 check from the Springboard for the Arts guaranteed income pilot, he felt immediate relief. Springboard for the Arts' program gave 75 artists like Tarli monthly cash payments of $500 for 18 months, and was initially set to end in summer 2024. Cash payments helped him move toward that goal, he said.

Persons: Tarli, —, Tarli —, Paul, Paul —, J, Cole, Kendrick Lamar, he's, Cash Organizations: Arts, Service, Business, McKnight Foundation, Bureau of Labor Statistics Locations: Twin Cities, St, Otter, Minnesota

Springfield, Ohio CNN —It’s just past 4am. To lose them would be a blow to his business, he told CNN. They’re ready to give birth in probably the next couple hours, and they’ve never had a single prenatal visit,” Cook told CNN. Haitians sit down to eat their meal at a Haitian restaurant in Springfield, Ohio, on September 12, 2024. That’s tough,” Heck told CNN.

Persons: Springfield , Ohio CNN — It’s, Daniel Aula, he’s, Aula, wasn’t, “, ”, Donald Trump, Ohio Sen, JD Vance —, Trump, Vance, He’s, Ross McGregor, McGregor, ” McGregor, they’d, “ We’ve, Bryan Heck, Springfield Mayor Rob Rue, we’ve, Chris Cook, “ You’ve, they’ve, ” Cook, Cook, “ That’s, Biden, Sens, Sherrod, Ohio Brown, Tim Scott of, Tim Scott of South Carolina —, cc’d Vance, ” Heck, Rent, Rue, Rob Rue, Dominic Gwinn, Jaob Payen, Daniel Driscoll, I’ve, ” Andy Wilson, it’s, —, Mike DeWine, Kerry Lee Pedraza, Pedraza, ” Pedraza, Roberto Schmidt, Aula’s, Harris, Alejandro Mayorkas, Katie Kersh, Kersh, ” Kersh, Lebon, ” Lebon, Sassy ”, ’ ”, “ ’, Sen, JD Vance, Matthew Hatcher, ‘, Fran DeWine, Prince —, ” DeWine, DeWine, that’s, ’, Daniel Aula’s, ” Aula, ” “, CNN’s Catherine E, Shoichet, Kate Sullivan, Daniel Dale Organizations: Springfield , Ohio CNN, CNN, Biden, Nation, Springfield City, Springfield Mayor, Springfield, Infants, Children, City, Getty, US Navy, Republican, Ohio Department of Public, Patrol, Springfield Police, United, “ Haitian Coalition, AFP, United Nations Human Rights, UN, US, Homeland, TPS, “, Gov, Ohio Gov, Trump, Underground Railroad Locations: Springfield , Ohio, Haiti, Springfield, Ohio, November’s, Clark County, Pentaflex, Haitian, Tim Scott of South Carolina, ”, County, City, United States, Creole, Leesport , Pennsylvania, Port, DeWine, America, Germans, “, —

☆ Insider Today: Hallways are disappearing
▼ + stars: | 2024-10-12 | by ( Joi-Marie Mckenzie | ) www.businessinsider.com time to read: +7 min

This post originally appeared in the Insider Today newsletter. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . You can opt-out at any time by visiting our Preferences page or by clicking "unsubscribe" at the bottom of the email. More of this week's top reads:AdvertisementThe Insider Today team: Dan DeFrancesco, deputy editor and anchor, in New York City.

Persons: —, Chelsea Jia Feng, Imani Bashir, it's, Bashir isn't, They've, Rebecca Zisser, Issa Issa Rae, Issa Rae, There's, Rae, Issa Rae's, Cate Blanchett, Kevin Kline, Menendez, Ryan Murphy, Jose, Kitty Menendez, Lyle, Erik, Abbott, Dan DeFrancesco, Jordan Parker Erb, Lisa Ryan, Amanda Yen, Grace Lett Organizations: Business, Service, BI, DC, Getty, HBO, Apple, Netflix, ABC Locations: Mexico, Washington, Hulu, New York City, New York, Chicago

☆ Barack Obama's message to Black male voters angered some Democrats. Why it matters.
▼ + stars: | 2024-10-12 | by ( John L. Dorman | ) www.businessinsider.com time to read: +6 min

AdvertisementObama's remarks reflected concerns among many Democrats that Black men — particularly young Black men — are gravitating toward Trump and could cost Harris the election. Black men and Black women do not vote much differently, it’s wrong to single out Black men when Black men are the most loyal male voting block for Democrats. That year, Trump won 4% of Black women votes while taking 13% of Black male votes. AdvertisementBut Obama and other Democrats are hoping to get ahead of what they see as Trump's potential to win over more Black voters — and especially Black men — this time around. While Obama's pitch may have rubbed some people the wrong way, Democrats know they need robust Black support to win in November.

Persons: Obama, aren't Harris, —, Barack Obama, Kamala Harris, Harris, Donald Trump's, I've, Trump, didn't, Nina Turner, — Nina Turner, Turner, Hillary Clinton, Clinton, Joe Biden, Biden Organizations: Democrats, Service, Democratic, White House, Black, Democratic Party, New York Times, Siena College, Trump, CNN, Pew Research, Siena, Times Locations: Pittsburgh, Arizona, North Carolina, Ohio, Black, Georgia, Pennsylvania, Siena

☆ A 101-year-old former doctor who worked until he was 85 shared his 3 longevity secrets — including eating sardines
▼ + stars: | 2024-10-12 | by ( Serafina Kenny | ) www.businessinsider.com time to read: +4 min

AdvertisementA 101-year-old man who worked until he was 85 shared his secrets for living a long, healthy life. Born in 1922 in the UK, William (who didn't share his last name) is older than Mount Sinai Hospital in Toronto, where he's a patient. AdvertisementDr. Samir Sinha is William's doctor at Mount Sinai Hospital. Sinai Health, the parent company of the Mount Sinai Hospital, shared what William thinks has helped him live so long. Sinai Health FoundationHaving a long and varied careerWilliam has had various jobs and didn't retire until he was 85.

Persons: William, —, Samir Sinha, William's, Sinha, didn't, Heidi Tissenbaum Organizations: Service, William, Sinai, Pew Research Center, Census, Mount Sinai, Health, Mount Sinai Hospital, Nutrition, University of Massachusetts Medical School Locations: Toronto, Mount, Sinai

☆ A portfolio manager at a $21 billion firm warns the odds of a recession have risen to 40% from 20% as inflation and geopolitical concerns surge — and shares where he's investing
▼ + stars: | 2024-10-12 | by ( Christine Ji | ) www.businessinsider.com time to read: +5 min

Zehrid Osmani, a portfolio manager at the $21 billion investment manager Martin Currie, has actually increased his recession odds. US-China tensions are escalating over Taiwan, home to the world's largest semiconductor foundry, Taiwan Semiconductor Manufacturing Company. Osmani sees what he calls "seismic thematic shifts" in these areas. And Osmani sees potential for parts of the market driving the energy transition, such as alternative energy and electric vehicles. AdvertisementHis top picks include Nvidia (NVDA), Microsoft (MSFT), chemical company Linde plc (LIN), and industrial manufacturing company Atlas Copco (ATLKY).

Persons: Martin Currie, —, Goldman Sachs, Jan Hatzius, Zehrid, Currie, hasn't, Osmani Organizations: Service, Technology, Taiwan Semiconductor Manufacturing Company, Semiconductors, Nvidia, Microsoft, Linde, LIN, Atlas, Martin Currie Global Portfolio Trust Locations: Europe, Russia, Ukraine, Israel, China, Taiwan

☆ Our toothbrushes are home to hundreds of new viruses. They could be the future of biotech.
▼ + stars: | 2024-10-11 | by ( ) www.businessinsider.com time to read: +6 min

A new study found hundreds of unique viruses called bacteriophage on toothbrushes and shower heads. A recent study found hundreds of viruses on samples from toothbrushes and shower heads, including many that have never been seen before, let alone examined. These are not viruses that are going to infect you, these are viruses that are potentially cool," Hartmann said. In the future, phage might be a rich source of biotech innovations like phage therapy, in the same way pharmaceuticals have developed medicines from plants or animals. Advertisement"There are a lot of things waiting to be discovered just under our noses or on our toothbrushes," Hartmann said.

Persons: —, Erica Hartmann, it's, Hartmann, Phages, Wahrman Organizations: Service, Northwestern University, Business, William Paterson University of New Locations: William Paterson University of New Jersey, Microbiomes

☆ I moved to NYC from Denmark. I may have left one of the 'happiest' countries in the world, but New York is more exciting.
▼ + stars: | 2024-10-11 | by ( Charissa Cheong | ) www.businessinsider.com time to read: +6 min

Denmark is among the happiest countries in the world, but Davies said New York is more exciting. AdvertisementThis as-told-to essay is based on a transcribed conversation with Joanna Davies, 30, about moving from Denmark to New York. Denmark was a safe place to live with a lot of welfare support, but I've found a more exciting destination in New York. New York feels especially different from Denmark's strong welfare system. Denmark may be one of the 'happiest' places to live, but New York is more excitingDenmark is known as one of the happiest countries in the world.

Persons: Joanna Davies, Davies, —, Denmark's, I've, Denmark I'd, — It's, New York hasn't, There's Organizations: Service, Aarhus University, Columbia University, Business Locations: New York, Denmark, London, Aarhus, America, New York . New York, Manhattan, Central, New York New York

☆ China is trying to give investors the one major thing missing from its economic stimulus blitz
▼ + stars: | 2024-10-11 | by ( Filip De Mott | ) www.businessinsider.com time to read: +4 min

China is expected to announce extra fiscal policy support on Saturday. The lack of consumer support in China's last stimulus package disappointed investors. According to a Bloomberg survey, most analysts expect authorities to pledge $283 billion of fiscal stimulus at Saturday's highly anticipated press conference. Chinese authorities followed up by announcing Saturday's press conference, which promised to introduce new measures centered on fiscal policy. Some analysts remain less sure about what fiscal stimulus will actually achieve on its own, pointing out that Beijing needs to pursue structural reforms to revive consumer confidence.

Persons: —, Lan Fo'an, China's, Mark Williams, Stephen Roach, Arthur Kroeber, Gavekal Organizations: Bloomberg, Service, Finance, Analysts, CSI, Reform Commission, Capital Economics, Asia, Financial Times Locations: China, Beijing, Yale

☆ French budget surprises with focus on tax hikes as analysts warn of ratings downgrades
▼ + stars: | 2024-10-11 | by ( Jenni Reid | ) www.cnbc.com time to read: +5 min

watch nowFrance's newly-installed government on Thursday presented a draft budget containing 60 billion euros ($65.6 billion) in tax hikes and spending cuts, as analysts warned the package may not be enough to stave off ratings downgrades for the economy. The 2025 budget features a greater focus on tax-raising measures than some were expecting. "The problem is when you have to find 60 billion, we have never found 60 billion in one year, it would be unprecedented, and that's why it's not very credible to find so huge an amount, especially with only a very fragile relative majority." Tax focusThe policy mix underpinning the 2025 budget is "less skewed towards spending cuts and more geared towards tax increases than we anticipated," analysts at Goldman Sachs said in a note Friday. French Minister for the Economy, Finance and Industry Antoine Armand arrives at the Elysee presidential palace to attend the weekly cabinet meeting, during which France's 2025 budget was presented, on October 10, 2024 in Paris.

Persons: Camatte, CNBC's, Michel Barnier, Barnier, Goldman Sachs, Industry Antoine Armand, Ludovic Marin, Erik, Jan van Harn Organizations: Union, Goldman, Economy, Finance, Industry, Afp, Getty, CNBC, Rabobank Locations: France, Belgium, Natixis, Paris, Europe

☆ Pharmacy deserts are appearing across U.S. as drug stores closures spread
▼ + stars: | 2024-10-11 | by ( Kevin Williams | ) www.cnbc.com time to read: +12 min

"As long as the big three PBMs go unchecked, more pharmacy deserts will appear," Rochol said. Between 2023 and 2024, independent pharmacies in the CVS Caremark pharmacy network were reimbursed 67.5% higher on average than CVS Pharmacy locations, and 51.9% higher than other chain pharmacies in the state. The CVS spokesman also said that CVS pharmacies are not all serviced by Caremark, working with over 70 different PBMs. "There are unfortunately many factors for pharmacy closures in rural areas, including population declines and the growing use of online pharmacies." But Banas believes the pharmacy deserts will only grow, and lead to an increase the number of apps and digitization.

Persons: Rochol, Miranda Rochol, Health —, —, Joyce Dingman, wasn't, Nickerson, David Nickerson, Tim Wentworth, Greg Lopes, Steven C, Anderson, Colin Banas, Banas, it's, Tamera Hughes, Hughes, Rob Anderson Organizations: FTC, Health, Federal Trade Commission, Aids, Rite Aid, CVS, Walgreens, Cigna, Walgreens Boots, CVS Pharmacy, Caremark, Pharmaceutical Care Management Association, National Community Pharmacists, National Association of Chain Drug, U.S, Congress, Amazon, University's, of Pharmacy, Pharmacists, Aid Locations: United States, PBMs, New Lebanon, Ohio, Dayton, New Lebanon's, Rust, New Lebanon , Ohio, Georgia, NACDS

Valued at $4 billion in 2021, Cerebras is reportedly seeking to roughly double that in its IPO. The customer, G42, is backed by Microsoft , and it's entirely responsible for the $1.43 billion purchase commitment. G42 can pick up $500 million more in Cerebras shares if it commits to spend $5 billion on the company's computing clusters. The major Wall Street banks, for their part, are finding other ways to play in the burgeoning AI infrastructure market. Fitch, who said he sold out of his Nvidia stock years ago, told CNBC that the benefits outweigh the risks.

Persons: Andrew Feldman, Ramsey Cardy, Cerebras, —, David Golden, it's, prepayment, CFIUS, Mike Gallagher, Gina Raimondo, Goldman Sachs, Morgan Stanley, JPMorgan Chase, Young, There's, Peter Thiel, Eva Marie Uzcategui, there's, Thiel, Jim Fitch, Fitch, Feldman Organizations: Cerebras Systems, Nvidia, Revolution Ventures, JPMorgan Chase, Microsoft, AstraZeneca, GlaxoSmithKline, Mayo Clinic, Treasury, Foreign Investment, Reuters, Chinese Communist Party, JPMorgan, Citigroup, Barclays, BDO, KPMG, Deloitte, Ernst, Riverstone Networks, CoreWeave, Clarium Capital Management LLC, Bloomberg, Getty, Mizuho Securities, Venture, CNBC, Devices Locations: Toronto, U.S, Sunnyvale , California, Abu Dhabi, China, Miami , Florida, Los Angeles, Florida

One measure on the ballot in New York state this November means two very different things to its supporters and its opponents. Advocates of the measure argue that it is simply a way to codify New Yorkers’ right to reproductive care. The Coalition to Protect Kids-NY has taken to calling the measure the “Parent Replacement Act.” The group argues that the measure would be used to strip rights from parents and push transgender rights for minors, in particular. The coalition's website includes no articles or other information about the ballot measure seeking to codify a right to abortion. Hochul’s office has helped lead the state’s Democratic Party to spend over $1 million to advertise in favor of the measure, including local ads, campaign yard signs and mailers.

Persons: you’ll, ”, Sasha Ahuja, they’ll, Ahuja, ” Ahuja, Roe, Wade, Kathy Hochul, “, ” Hochul, Anthony D’Esposito, ‘, I’ve Organizations: New, Coalition, New Yorkers, Equal Rights, NBC, “, NBC News, state’s Democratic Party, U.S . Rep, Republican, Harvard, Movement Advancement, Rights, Civil Liberties Union Locations: New York, Arizona , Colorado , Florida , Maryland , Missouri, Montana , Nebraska , Nevada , New York, South Dakota, Long

☆ Here are Thursday's biggest analyst calls: Nvidia, Microsoft, Netflix, CVS, Honeywell, Nike, AIG, Sunnova & more
▼ + stars: | 2024-10-10 | by ( Michael Bloom | ) www.cnbc.com time to read: +14 min

Barclays upgrades CVS to overweight from equal weight Barclays said the stock is a "new margin story." JPMorgan downgrades Honeywell to neutral from overweight JPMorgan said it's downgrading the stock after 15 years with an overweight rating. UBS upgrades Tronox to buy from neutral UBS said it's bullish on the chemical manufacturer. "We upgrade shares of EVGO from Neutral to Buy, following the $1.05bn DOE loan conditional commitment announced last week. "Our bullish view of AIG reflects its outsized EPS growth, lower exposure to risks facing commercial lines carriers (casualty reserves and higher cat loads), high capital flexibility, and attractive valuation."

Persons: Morgan Stanley, Goldman Sachs, Goldman, it's bullish, Jefferies, TD Cowen downgrades, Cowen, Bernstein, Brinker, Kevin Hochman, Truist, it's, BIRK, Cantor Fitzgerald, Mara, Cantor, MARA, Wolfe, Google's, Satya Nadella, Lucas Jackson Organizations: Nvidia, Netflix, Barclays, JPMorgan, Honeywell, Microsoft, UBS, TD Cowen downgrades Pepsi, U.S, Department of Energy, DOE, RBC, PayPal, Cirrus, Bank of America, underperform Bank of America, Nike, Mara Holdings, AIG, DOJ, Google, Reuters Locations: EVGO, EAT's, LHX, New York City

☆ The 9 sectors shedding the most jobs — with AI automating over 12,000 in one of them
▼ + stars: | 2024-10-10 | by ( Christine Ji | ) www.businessinsider.com time to read: +4 min

Although layoffs remain low overall, job cuts are increasing in some areas of the economy. AdvertisementAll eyes have been on the job market as investors wait to see if the economy will reach a soft landing. AI was responsible for 5,616 job cuts in September and 12,742 in 2024 overall. These signs point to companies trying to boost profitability in a slowing economy through cost cutting initiatives such as automating jobs with AI or reducing labor costs. "We're at an inflection point now, where the labor market could stall or tighten.

Persons: —, Andrew Challenger Organizations: Companies, Challenger, Service, Labor, firm's, Technology

☆ Alums of $16 billion Tiger Cub Lone Pine have struggled to hack it on their own — with one notable exception
▼ + stars: | 2024-10-10 | by ( Bradley Saacks | ) www.businessinsider.com time to read: +7 min

In the past five years, four other alums have either shuttered or stopped trading hedge fund strategies. It's the latest spinoff from long-running Tiger Cub Lone Pine Capital to shutter. Lone Pine, the $16 billion firm led by co-chief investment officers Kelly Granat and David Craver, was founded in 1997 by billionaire Steve Mandel. Inside the Lone Pine family treeGaonkar's experience is far from the norm for Lone Pine alums though. Firms like Lone Pine, Tiger Global, Coatue, Viking Global, Maverick, Light Street, and others have lasted for decades and minted billionaires along the way.

Persons: Scott Coulter's, Mala Gaonkar, —, Coulter, Cowbird, Pine, Kelly Granat, David Craver, Steve Mandel, Mandel, Julian Robertson's, Lone, Coatue, redemptions, Gaonkar, David Byrne, SurgoCap, Abobe, David Stemerman's, Scott Phillips, Matt Iorio's, Li Ran's, Brian Eizenstat's, Paul Eisenstein's, Nikhil Trikha, Arthur Wit, that's, Andreas Halvorsen's, Dan Sundheim's, Ben Jacobs, Ning Jin, Marco Tablada, Robertson, Tom Purcell Organizations: Service, Business, Lone Pine, Julian Robertson's Tiger Management, Cubs, Roberston's Tiger Management, Tiger, CNBC, Nvidia, GE, Figma, Pine, Latimer, Elm, Sky Capital, CenterBook Partners, Ampersand Capital Group, Global, Fund Research, Tiger Cub, Tiger Management, Viking Global, Viking Locations: Lone, Lone Pine, Granat, Texas, Li Ran's London, California, Viking

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