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☆ Here's who would benefit from Trump's proposed tax break on car loan interest
▼ + stars: | 2024-10-14 | by ( Greg Iacurci | ) www.cnbc.com time to read: +5 min

Trump's proposed tax break would make interest on car loans fully tax deductible. That tax break lets homeowners deduct annual mortgage interest payments from their taxable income, thereby reducing their tax bill. Few taxpayers claim itemized tax deductionsTo get the deduction, car owners would need to itemize their tax return to include their borrowing costs. About 14.8 million federal tax returns, or about 9%, claimed an itemized deduction on their 2021 federal tax returns, according to the most recent IRS data. An itemized tax break on car loan interest "would help only a fraction of taxpayers," said Leonard Burman, an institute fellow at the Urban-Brookings Tax Policy Center.

Persons: Donald Trump, Sarah Rice, Trump's, Experian, It'd, Seiberg, Trump, didn't, Erica York, —, Leonard Burman, Burman, York, it'd Organizations: Detroit Economic, Bloomberg, Getty Images, Federal Reserve Bank of New, AAA, Trump, Cowen Washington Research Group, Republicans, CNBC, Finance, Social Security, Taxpayers, Tax, Center, Federal Tax, Urban, Brookings Tax Locations: Federal Reserve Bank of New York, Detroit, York

☆ My biggest parenting mistake was making my kids the center of my world. Women need an identity beyond 'mom.'
▼ + stars: | 2024-10-14 | by ( Susan Yem | ) www.businessinsider.com time to read: +5 min

I put my kids above my career and social life, making my whole life about motherhood. Now that my kids are out of the house and I'm alone, I'm struggling to understand who I am. Second, I advise them, especially mothers, not to make their children the center of their world. As my children grow and mature, I'm now working on figuring out who I am without them. But I want all mothers to remember that there will be life after your kids leave.

Persons: I'm, —, they'd, we've, I've, I'd Organizations: Service

☆ Ramses and Marissa hit a roadblock over their sex life on 'Love Is Blind.' Here's what we know about their relationship status.
▼ + stars: | 2024-10-14 | by ( Palmer Haasch | ) www.businessinsider.com time to read: +7 min

Ramses and Marissa are one of the engaged couples featured on "Love Is Blind" season seven. Ramses and Marissa's discussion also has significant reach: Seasons of "Love Is Blind" are viewed by millions of people, per Netflix's own engagement numbers. Here's what we know about where Ramses and Marissa's relationship stands now. While her siblings approve of the couple, Marissa's mom is skeptical and strongly urges the couple to get a prenuptial agreement out of concern for Marissa's future assets. Right now, both Marissa and Ramses are posting fondly about their time on "Love Is Blind" on social media.

Persons: Ramses, Marissa, —, Kathryn VanArendonk, Bohdan, hasn't, Marissa doesn't, I'm, — Bohdan Organizations: Service, United States, Netflix Locations: Mexico, Instagram

☆ Here are Monday's biggest analyst calls: Nvidia, Broadcom, Apple, Tesla, Flutter, Caterpillar, Alphabet & more
▼ + stars: | 2024-10-14 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

Here are the biggest calls on Wall Street on Monday: TD Cowen reiterates Nvidia as buy TD said Nvidia remains a top pick at the firm. Goldman Sachs upgrades Ibotta to buy from neutral Goldman Sachs reiterates Alphabet as buy Goldman lowered its price target on the stock to $208 per share from $217 citing a slew of headwinds for Alphabet. Wells Fargo upgrades Flutter to overweight from equal weight Wells says investors should buy the dip in shares of the gambling company. Goldman Sachs downgrades AutoZone to sell from buy Goldman downgraded the auto parts retailer due to "muted growth." Goldman Sachs upgrades Ibotta to buy from neutral Goldman says it likes the growth opportunity for the mobile tech company.

Persons: TD Cowen, Mizuho, Goldman Sachs, Goldman, Wells, Truist, Morgan Stanley, Caterpillar, Piper Sandler, Tesla, Piper, wouldn't, it's, Baird, KeyCorp, Jefferies, it's bullish, Stock, GOOS, AppLovin, Oppenheimer Organizations: Nvidia, NVIDIA, Away Tech, Mizuho, AMD, Broadcom, UBS, Partners, Surgery Partners, Apple, VF Corp, Vans, UW, Walmart Locations: Wells Fargo, China

☆ Collapse risks loom as markets are the most fragile they've been in 20 years, 'Black Swan' author Nassim Taleb says
▼ + stars: | 2024-10-14 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +4 min

"The Black Swan" author Nassim Taleb says he's focused on hedging against a market collapse. He said the market is flashing parallels to prior crashes, noting that it is the most fragile in 20 years. He pointed to risks like high debt levels and "crazy" stock prices in an interview with Bloomberg. Nassim Taleb, author of "The Black Swan," the famed treatise on the risks related to improbable events, aired concerns over the state of the market in a recent interview with Bloomberg. Universa Investments is technically "market blind," Taleb said, as the firm employs an investment strategy that disregards short-term market forecasts.

Persons: Swan, Nassim Taleb, he's, —, Taleb, Mark Spitznagel Organizations: Bloomberg, Service, Universa

☆ Russia rolled out a Soviet howitzer from the 1940s that Moscow technically shouldn't have in the first place
▼ + stars: | 2024-10-14 | by ( Matthew Loh | ) www.businessinsider.com time to read: +6 min

Russia filmed its troops firing a D-74, an artillery gun developed in the 1940s that the Soviets exported to their allies. The field gun featured: a D-74 122mm howitzer, which the Soviet Union developed in the late 1940s. Ukrainian President Volodymyr Zelenskyy estimated in February that Russia was receiving at least 1 million artillery shells from North Korea. AdvertisementThe Russian defense ministry and the Chinese foreign affairs ministry did not respond to requests for comment sent by Business Insider. AdvertisementDespite its sheer age, the D-74 still can be useful for Russia in a modern war in Ukraine, Purcell said.

Persons: —, it's, Michael Purcell, " Purcell, Putin, Russian Defense Ministry Jennifer Kavanagh, Volodymyr Zelenskyy, Dmitry Peskov, Russia Kavanagh, Kavanagh, Purcell, Vladimir Putin, that's Organizations: Military, Service, Kremlin, Soviet Union, Marine Corps, International Security, George Washington University, DPRK, Russian Defense Ministry, Defense, Authorities, China, International Institute for Strategic Studies, Business Locations: Russia, North Korea, Russian, Donetsk, Soviet Union, Ukraine, Moscow, Soviet, Vietnam, China, Washington, Seoul, Pyongyang

☆ China's Ministry of Finance is taking aim at local debt problems before tackling broader economic challenges
▼ + stars: | 2024-10-14 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +3 min

Nurphoto | Nurphoto | Getty ImagesBEIJING — China's Ministry of Finance press briefing over the weekend underscored how it is focused on tackling local government debt problems, instead of the stimulus markets have been waiting for. In his opening remarks on Saturday, Minister of Finance Lan Fo'an laid out four measures, starting with increasing support for local governments in resolving debt risks. China's real estate market slump has cut into a significant source of revenue for local governments, many of which struggled financially even before needing to spend on Covid-19 measures. He added that a large plan to address local governments' hidden debt would be announced in the near future, without specifying when. Historically, local governments were responsible for more than 85% of expenditure but only received about 60% of tax revenue, Rhodium Group said in 2021.

Persons: Finance Lan Fo'an, Lan, Robin Xing, Morgan Stanley Organizations: Goldin Finance, Nurphoto, Getty, BEIJING, China's Ministry, Finance, Ministry of Finance, International Monetary Fund Locations: Tianjin, China, Covid

☆ From ALICEs to HENRYs, here's what people on wildly different incomes discuss in therapy
▼ + stars: | 2024-10-14 | by ( Serafina Kenny | ) www.businessinsider.com time to read: +7 min

Four therapists shared what their clients on different incomes discuss in sessions. Money can be a source of stress for both those on lower incomes as well as the ultra-rich. HENRYsSome HENRYs (High Earners, Not Rich Yet) might seem wealthy to others, but still worry about having enough money, Williams said, because "it's all relative." Two HENRYs in a couple, meanwhile, might want to discuss tension in their relationship if they have different ways of thinking about shared wealth, she said. And, as people live longer, she said that some worry about not having enough money to sustain their lifestyles as they get older.

Persons: —, Anna Nathanson, Nathanson, Getty, Ashley Castro, It's, ALICEs, Tracy Williams, Williams, HIFIs HIFIs, HIFIs, Rich, Ricardo Mendoza Garbayo, Castro, Paul L, Johannes Mann, Hokemeyer Organizations: Service Locations: ALICEs, HENRYs, —, New York, Atlanta, Colorado

☆ Meet these retired sisters in their 60s who live on cruises full-time. They've already spent over 1,500 days at sea.
▼ + stars: | 2024-10-14 | by ( Jill Schildhouse | ) www.businessinsider.com time to read: +5 min

Both sisters are retired and single and have collectively spent 1,500 days at sea so far. Each already booked their spots on 2025 Holland America Line cruises that are over 100 days long. "I kept taking cruises of longer lengths — 30 days, then 45, then 80, and learned I liked long stretches at sea," Johnston told Business Insider. Although the sisters don't always travel together, they've collectively spent over 1,500 days at sea — many of them on Holland America Line ships. Without all of that, I have a lot more money to spend on travel," Johnston told BI.

Persons: Jo Johnston, Elaine Durham, —, Johnston, they've, They've, — Johnston, wouldn't, Durham, would've, she's, — they've, I've Organizations: America Line, Service, Business, Holland America, Holland America Line's, BI Locations: America, Holland, Durham, Barcelona, Europe, Canada, New England

☆ Why Gen Z Loves Expensive Groceries, Treats, and Snack Foods
▼ + stars: | 2024-10-14 | by ( Eve Upton-Clark | ) www.businessinsider.com time to read: +10 min

In a McKinsey survey in February, groceries represented the top category that Gen Z and millennial respondents said they planned to splurge on, outpacing restaurants, travel, and fitness; in 2017, Gen Xers were the top spenders on groceries, followed by boomers. In June, Bank of America reported that its Gen Z customers spent more at premium grocery stores than any other generation. The trend picked up steam with Gen Z. Millennials and Gen Zers are driving demand for vegetarian and vegan food. In a recent YouGov survey for Whole Foods, 70% of Gen Z respondents indicated they were willing to pay more for high-quality foods. Related storiesTo be sure, Gen Z isn't the first generation to serve up food as a status symbol.

Persons: Jade Lily, TikToker, smoothies, Kourtney Kardashian, Katy Perry, Lily, Gen Xers, CreditKarma, Zers, Gen Z's, Millennials, Z, Gen, Neeru, Andrea Hernández, We're, Barbara Kafka, Hernández, Erewhon, Hailey Bieber, Bella Hadid, Sofia Richie, Nate Rosen, Mary Kate, Ashley Olsen, McDonald's, Britney Spears, Nina Dobrev, Shawn Mendes, Prebiotic sodas, Camila Cabello, Gen Zers, Poppi, It's, Rosen, Caesar, That's, Paharia Organizations: McKinsey, Bank of America, Inc, Foods, Arizona State University, New York Times, Pepsi, Brands, idc, Associated Press, Good Culture, Fast Company Locations: Angeles, tocos, Los Angeles

☆ 5 reasons why inflation will be stickier than expected going forward, Deutsche Bank says
▼ + stars: | 2024-10-14 | by ( Filip De Mott | ) www.businessinsider.com time to read: +4 min

Investors need to be wary as sticky inflation remains a risk, Deutsche Bank says. But it's not yet time for investors to relax, Deutsche Bank wrote on Monday. "If inflation does return, this could have very important implications for markets," Deutsche Bank strategists said. While that much is true, history shows that easing cycles are precisely the time to be cautious over inflation, Deutsche said. The firm cited the fact that in August, US M2 money supply rose 2.0% year-over-year, the highest growth rate since September 2022.

Persons: —, Brent, Deutsche Organizations: Deutsche Bank, Service, Federal Reserve, Deutsche, Atlanta Locations: China, Israel, Iran, Iranian

☆ New lawsuits against TikTok mirror those against Big Tobacco and Purdue Pharma
▼ + stars: | 2024-10-14 | by ( Kenneth Niemeyer | ) www.businessinsider.com time to read: +5 min

Attorneys general in 14 different states filed lawsuits against TikTok last week. The suits mirror earlier ones against Big Tobacco and Purdue Pharma, legal experts told BI. The Sackler family, owners of Purdue Pharma, ultimately paid over $3 billion in settlements for misleading advertising related to their products. Purdue Pharma later filed for bankruptcy, but the Supreme Court struck down a $7 billion bankruptcy plan in June that would have given the Sackler's immunity from future civil suits. With the prospect of that federal ban looming next year, a slew of federal lawsuits helps shape public opinion and "pressure lawmakers to act," Rahmani said.

Persons: —, Adam Wandt, John Jay, Wandt, It's, wouldn't, Rahmani, Sackler, TikTok Organizations: TikTok, Big Tobacco, Purdue Pharma, Service, John, John Jay School of Criminal, Big Tech, Meta, Google, NPR Locations: California, United States

☆ Why yesterday's SpaceX launch was such a huge deal for space travel
▼ + stars: | 2024-10-14 | by ( Ellie Zolfagharifard | Morgan Mcfall-Johnsen | ) www.businessinsider.com time to read: +6 min

After liftoff, the Super Heavy booster returned to the launch in a world-first maneuver. The Super Heavy booster released Starship on its path toward space, then began to fall back to Earth. A huge step toward Musk's vision of colonizing MarsOn Sunday, SpaceX's Super Heavy booster returned home and was caught in midair with giant mechanical arms. SpaceX makes rocket historyIn past Starship test flights, the Super Heavy booster either exploded mid-flight or landed in the water. SpaceX said regulators were delaying Starship's fifth test launch because of minor changes and that the FAA was dragging its heels.

Persons: —, Elon Musk, Musk, I'd, Musk's, Olivier de Weck, It's Organizations: SpaceX, Super, Service, YouTube, Space Shuttle, astronautics, MIT, FAA, New York Times Locations: Texas

☆ The stock market is overvalued, but that's no reason to turn bearish, analyst says
▼ + stars: | 2024-10-14 | by ( Matthew Fox | ) www.businessinsider.com time to read: +3 min

The firm sees no immediate catalysts like surging interest rates or inflation to trigger a downturn. AdvertisementInvestors worried that the stock market is overvalued shouldn't sell stocks, according to a Monday note from Piper Sandler. AdvertisementWithout an imminent spike in interest rates, the unemployment rate, or inflation, the stock market should continue its upward trend even if it's overvalued, according to Kantrowitz. AdvertisementKantrowitz recommends investors monitor credit spreads to determine whether there is fear in the stock market that could signal a period of negative equity returns going forward. Tight credit spreads, a solid labor market, and continued GDP growth are all signals that investors should stay bullish, according to Kantrowitz, even if the stock market is slightly overvalued.

Persons: Piper Sandler, —, Michael Kantrowitz, Kantrowitz, Stocks, it's Organizations: Service, Investors, CNBC

☆ Why small stocks are 'ripe' for gains ahead of the November election, according to Cantor Fitzgerald
▼ + stars: | 2024-10-14 | by ( Kelly Cloonan | ) www.businessinsider.com time to read: +4 min

Small stocks historically see big upward moves near presidential elections, Cantor Fitzgerald says. AdvertisementSmall-cap stocks are set for a catch-up amid a confluence of perfectly aligned factors ahead of the presidential election, Cantor Fitzgerald says. Johnston also forecasts increasingly higher odds of a Trump win, which would benefit small stocks even more. Those factors would increase investors' confidence and encourage more rotation into riskier, underperforming small stocks. AdvertisementJohnston's comments come as others have warned of uncertainty looming over markets ahead of the upcoming presidential election.

Persons: Cantor Fitzgerald, —, Russell, Donald Trump, Stocks, Eric Johnston, Johnston, Kamala Harris, Harris, Trump Organizations: Trump, Service, Democratic Locations: The Russell, RealClearPolitics, China

☆ I'm the CEO of a remote-first company. I'll never ask my employees to return to the office.
▼ + stars: | 2024-10-14 | by ( Jyoti Mann | ) www.businessinsider.com time to read: +5 min

Landau used to be pro-office but says remote working has helped his employees' work-life balance. AdvertisementThe world is my oyster for recruitmentAs the company grew, I became increasingly enamored with remote work. Most Park My Fleet employees are US-based, but we have tech teams in Costa Rica and Israel. I don't think there's anything wrong with in-person office work; it makes sense in certain environments. As an employee who joined a company as a remote worker, it would feel like a bait-and-switch move if the CEO then decided to change the remote work policy.

Persons: Mike Landau, Landau, —, I've, we've, RTO, that's Organizations: BI, Service, Business Locations: Costa Rica, Israel, Europe

☆ Evercore analyst says buy Apple on ability to beat low bar. We see no rush
▼ + stars: | 2024-10-14 | by ( Morgan Chittum | ) www.cnbc.com time to read: +4 min

Apple stock jumped Monday after a Wall Street firm touted the iPhone maker ahead of its quarterly earnings report. Analysts said Apple's stock may be able to advance higher on a late October earnings report that merely matches Wall Street estimates, so investors should be positioned accordingly. However, we do agree with Evercore's optimism on AI iPhone integration, and its ability to usher in an upgrade cycle for Apple's flagship device. But with our "own it, don't trade it" view still intact on Apple stock, it's acceptable for the upgrade cycle to get off to a slower start. "I'm for the elongated [upgrade] cycle," Jim Cramer said on Monday.

Persons: Apple, Apple's, Jim Cramer, Jim Cramer's, Jim, Tim Cook, Victor J Organizations: Apple, Street, Bears, Huawei, Apple Intelligence, CNBC, Apple Inc, Blue, Bloomberg, Getty Locations: China, New York

During an interview with CNBC's " The Exchange " on Monday, Forrest advised investors to look for companies that consistently outperform their peers. Stock picks The investor provided the names of three companies that she believes meet her criteria: Exxon Mobil, artificial intelligence play Micron Technology and Urban Outfitters . Regarding Micron Technology, Forrest said she is a "believer in AI." As for Urban Outfitters, Forrest said that, although its eponymous brand is struggling, there is ongoing strength across its other brands — Free People and Anthropologie. The recent appointment of Urban Outfitters' new president should translate into traction with younger customers in the current quarter, Forrest said.

Persons: Kim Forrest, CNBC's, Forrest, Stock Organizations: Bokeh Capital Partners, Exxon Mobil, Micron Technology, Urban Outfitters, Micron, Free

☆ 4 stocks set to benefit from China's stimulus measures while also hedging geopolitical risk: $21 billion firm's portfolio manager
▼ + stars: | 2024-10-14 | by ( Christine Ji | ) www.businessinsider.com time to read: +5 min

The Chinese stock market soared after news of a stimulus package but plunged again on Wednesday. Risk remains high in Chinese stocks, which is why investors should exercise caution. The recent volatility in the Chinese market doesn't come as a surprise to Zehrid Osmani, portfolio manager at $21 billion Martin Currie. Valuations are low coming out of the pandemic, creating an attractive entry point into the market, Osmani said. He points to some structural challenges the Chinese economy faces, such as an aging population and a slump in the property sector.

Persons: —, Zehrid, Martin Currie, Osmani Organizations: Service, Investor, Bank of America, Companies, Martin Currie Global Portfolio Trust Locations: China, Shanghai, Beijing, Taiwan, Omani

Former President Donald Trump called Democrats and others who have opposed or investigated him "the enemy from within" in an interview that aired Sunday, describing them as more dangerous than major foreign adversaries of the United States, including Russia and China. "I always say, we have two enemies," Trump said, adding, "We have the outside enemy, and then we have the enemy from within, and the enemy from within, in my opinion, is more dangerous than China, Russia and all these countries." Trump added that a "smart president" could handle outside adversaries "pretty easily," but "the thing that's tougher to handle are these lunatics that we have inside, like Adam Schiff." House Republicans have joined Trump in his ire against Schiff, who is leading in the California Senate race against former baseball player Steve Garvey, a Republican. Mueller's report found no explicitly coordinated effort between Trump's campaign and Russia to influence the election.

Persons: Donald Trump, Trump, Adam Schiff, president's, Maria Bartiromo, Kamala Harris, Schiff, shifty Schiff, He’s, ” Trump, “, Donald, ” Schiff, Steve Garvey, Robert Mueller's, Mueller's, Hillary Organizations: Democratic, Senate, Fox Business, Republican, NBC News, Social, House Republicans, Trump, California Senate Locations: United States, Russia, China, California, Coachella , California, ”, Trump's

“Donald Trump believes he will be immune for anything he does once he’s in office,” Cheney, a fierce Trump critic, told moderator Kristen Welker. "Donald Trump believes he will be immune for anything he does once he’s in office," she said. Donald Trump loves tyrants. "JD Vance and Donald Trump both support a very isolationist foreign policy and an erratic and a chaotic foreign policy," Cheney added, referring to the former president's running mate. Cheney cited an internationalist foreign policy, including strong support for Ukraine in its defensive war against Russia, as an area where she agrees with Harris.

Persons: Liz Cheney, Trump, “ Donald Trump, ” Cheney, Kristen Welker, Kamala Harris, Donald Trump, Cheney, Mark Milley, Joe Biden, Bob Woodward, General Milley, Biden, people’s, JD Vance, Harris, who's, Mike Johnson, “, ” Johnson, Welker, Johnson Organizations: GOP, NBC, Press, Trump, Joint Chiefs, Staff, NBC News, U.S, Capitol, Ukraine, Russia, Fox News, Biden Locations: won’t

☆ Trump or Harris? Here are the 2024 stakes for airlines, banks, EVs, health care and more
▼ + stars: | 2024-10-13 | by ( Hugh Son | ) www.cnbc.com time to read: +18 min

Former President Donald Trump and Vice President Kamala Harris face off in the ABC presidential debate on Sept. 10, 2024. The previous Trump administration didn't pursue those types of consumer protections. In contrast, Democrats, including Harris, have historically supported EVs and incentives such as those under the Biden administration's signature Inflation Reduction Act. Meanwhile, Harris, if elected, can build on existing efforts of the Biden administration to deliver savings to more patients, they said. Trump also led multiple efforts to repeal the Affordable Care Act, including its expansion of Medicaid to low-income adults.

Persons: Donald Trump, Kamala Harris, he's, Harris, Joe Biden's, Trump, Pete Buttigieg, Jonathan Kletzel, didn't, — Leslie Josephs Banks Big, JPMorgan Chase, Biden, Tobin Marcus, it's, Sen, JD Vance, they're, Lindsey Johnson, Hugh Son, Pablo Di Si, EVs, Joseph Spak, Harris hasn't, Mike Wayland, Drugmakers, Trump hasn't, Mariana Socal, Annika Kim Constantino, David Zaslav, John Malone, Time Warner, Simon, Simon & Schuster, Marc DeBevoise, Jonathan Miller, Elon Musk's, Musk, I'm, MAGA, I'm Dark MAGA, —, TikTok, — Lillian Rizzo, Alex Sherman, Michael Lynn, — Amelia Lucas Organizations: ABC, Getty, U.S, Trump, Treasury, Justice Department, Federal Trade Commission, Consumer Financial, Bureau, CNBC, The Biden Department of Transportation, Democratic, American Airlines, JetBlue Airways, Spirit Airlines, Industry, Boeing, JPMorgan, Securities and Exchange Commission, Currency, Federal Deposit Insurance Corporation, Biden, Wolfe Research, Bank, Republican, Bankers, Democratic Party, Consumer Bankers Association, Republicans, Volkswagen Group of America, Automotive News, Environmental Protection Agency, UBS, Mike Wayland Health, Commonwealth Fund, Medicare, Johns Hopkins Bloomberg School of Public Health, Annika Kim Constantino Media, Paramount Global, Skydance, Warner Bros, Discovery, Allen & Co, Sun, Media, Disney, Fox Corp, Time, Simon &, Random, MGM, FCC, Integrated Media, Twitter, Capitol, White, Lawmakers, Meta's Facebook, Alex Sherman Restaurants, National Restaurant Association, National Labor Relations Board, Social Security, Washington Post, Cornell University Locations: United States, PwC, JetBlue's, U.S, China, Ohio, Michigan, California

☆ 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

☆ Warren Buffett's Bank of America position goes under wraps. Here's what could happen next
▼ + stars: | 2024-10-13 | by ( Yun Li | ) www.cnbc.com time to read: +4 min

Berkshire Hathaway's Bank of America stake has finally been cut to below the key 10% threshold, keeping Warren Buffett's next potential moves under wraps for a few months. The first 700 million shares had a low cost basis of only about $7 per share, while the average cost of the next 300 million shares was in the $30s, Goldberg estimated. "When we sell something, very often it's going to be our entire stake," Buffett said in 2020 when he entirely dumped his holdings in airlines. Still, Buffett sounded negative towards banking following 2023's regional bank crisis that took down Silicon Valley Bank, Signature Bank and First Republic Bank. It's gotten changed by [the regional bank crisis].

Persons: Warren Buffett's, Brian Moynihan, Jason Goldberg, Buffett, Goldberg, It's, That's, digitalization, fintech, Goldman Sachs, Wells Organizations: Berkshire Hathaway's Bank of America, Bank of America, Barclays, Federal, Bank, Signature Bank, First Republic Bank, JPMorgan, U.S . Bancorp Locations: Berkshire, Charlotte, Wells Fargo, U.S

☆ A Professor Made Porn. His Firing May Shape the Future of Free Speech
▼ + stars: | 2024-10-13 | by ( Hallie Lieberman | ) www.businessinsider.com time to read: +13 min

Can a tenured professor be fired for making porn? "We don't want to be known as Porn U," said Betsy Morgan, who replaced Gow as interim chancellor. Leitner presented Gow's videos as part of his broader advocacy of nonmonogamy. The regents, Gow said, "are willing to fire me for the short-term goodwill they get with the far right." He puts Gow's online porn in the same category as "posting inflammatory personal, political opinions on social media."

Persons: Joe Gow, Carmen Wilson, —, Gow, Wilson, It's, Zach Greenberg, Betsy Morgan, Morgan, Tom Ginsburg, He's, Gow's, Wade Harrison, Roe, Donald Downs, Simone Lueck, undergrads, Harrison, Jay Hart —, Tom, Jerry Bui, Bui, unswayed, Mark Leitner, Leitner, Banner, Keith Whittington Harrison, Dr, Aweek, he's, Keith Whittington, they've, McCarthy Organizations: University of Wisconsin, UW, La, Foundation, Rights, Forum, Free, University of Chicago, Diego, Republican, Academia, Yale, Freedom Alliance, University Locations: La Crosse, Mississippi, America, Wisconsin, Onalaska, San Diego, foreplay, Madison, Milwaukee, Yale

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