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<ul class="summary-list"><li>Netflix's stock soared over 11% to close at a record high of $763.89 on Friday. </li><li>The surge comes after the streaming giant reported another strong quarter and issued positive guidance.</li></ul>Investors poured into Netflix shares on Friday, sending the stock to record highs after the streaming giant's solid third-quarter earnings report. The stock closed at $763.89, finishing the day higher by 11%. The surge came after Netflix reported a <a target="_blank" class="" href="https://www.businessinsider.com/netflix-new-subscriber-numbers-beat-expectations-2024-10">strong earnings beat</a> and gave positive forward guidance that gave investors confidence about its position in the streaming wars. Netflix's quarterly revenue came in at $9.83 billion, slightly above a Bloomberg consensus estimate of $9.78 billion, while new subscribers also beat estimates, totaling 5.07 million, outpacing expectations of 4.5 million.That growth is a sign that Netflix's push to crack down on password sharing is still drawing new subscription sign-ups, even as analysts <a target="_blank" href="https://www.businessinsider.com/netflix-questions-from-wall-street-growth-ads-future-earnings-2024-10">questioned that possibility</a> ahead of earnings.The platform's new ad-supported membership tier, in particular, saw huge growth, soaring 35% from the second quarter and accounting for over half of signups in countries where it's currently available.The streaming giant also gave strong forward guidance, with expectations for fourth-quarter revenue to surge 14.7% to $10.13 billion and next year's revenue to come in between $43 billion to $44 billion. That revenue estimate is upwards of 11% growth from this year's revenue expectations of $38.9 billion.Several analysts upped their price targets following the earnings report.UBS raised its price target for the stock from $750 to $825, citing future revenue growth and the company's balance between expansion and investment in ads, gaming, and live content.Bank of America analysts also see multiple drivers into next year, and upped their price objective from $740 to $800."In our view, Netflix remains one of the best positioned companies within media and has several growth drivers," the analysts said in a Friday note. "Supported by its world-class brand, leading global subscriber base, position as an innovator and increased visibility in growth drivers, we believe that Netflix should continue to outperform," they added.Morgan Stanley analysts bumped their already-bullish view on the stock up to $830 from $820, citing the potential to raise earnings by 20%-30% over time with strong prospects in gaming, live content, and advertising.Morgan Stanley analyst Benjamin Swinburne said the latest earnings reinforce the firm's bullish price target of $1,050 for the stock, which implies over 37% upside from the current price.He said Netflix's latest earnings and free cash flow set it apart from the competition in the increasingly fierce streaming wars. "They're going to generate about $50 billion of free cash flow over the next four years. That gives them tremendous ability to invest back in the business at levels that really, frankly, their media competitors can't," Swinburne said in a Friday interview with CNBC.

Netflix closes at all-time highs after reporting solid earnings beat and strong guidance

<ul class="summary-list"><li>Shopify's stock popped 25% on Tuesday after reporting strong revenue and a promising holiday outlook.</li><li>The gains added fuel to Canada's stock rally, helping the market touch record highs. </li></ul>Shopify shares soared Tuesday, lifting Canda's benchmark stock index. Shares of the e-commerce firm popped as much as 25% after reporting revenue that beat estimates and giving strong guidance for the holiday season.With the heaviest weighting on Canada's benchmark index, Shopify's gains pushed the S&amp;P/TSX Composite Index up as much as 1% on Tuesday to touch nearly 25,025, marking the first time the index has crossed the 25,000 threshold.The company, which builds software to power online storefronts, reported earnings per share of $0.35, beating forecasts of $0.26 according to LSEG estimates. Revenue, meanwhile, came in at $2.16 billion versus estimates of $2.12 billion.Going forward, the company says it expects revenue growth in the mid- to high-twenties percentage for the present quarter, above forecasts of around 23% according to FactSet. The strong outlook shows optimism around spending in the upcoming holiday season.Shopify president Harley Finkelstein said the company's strong beat shows it's gaining market share among e-commerce companies. He said the company has attracted an increasing number of key retailers like Reebok, Hanes, and Vera Bradley."Shopify is increasingly the go-to platform of choice, not just for entrepreneurship, but for all of commerce. We are well positioned for extensive growth across different merchant segments, size, geographies, channels and products," Finkelstein said on a call with investors.The company is also making headway in <a target="_blank" class="" href="https://www.businessinsider.com/shopify-ai-use-boosts-efficiency-shakes-up-staff-structure-2024-5">incorporating new technology</a>, launching an AI assistant and AI-powered tools for merchants.Analysts from Citi said they have a bullish outlook for the stock, citing a large addressable market, secular tailwinds, and large-scale growth.The latest earnings add fuel to what has already been a hot streak for Shopify stock, which is up over 43% this year. Canada's benchmark index has soared over 19% in 2024.

Shopify's 25% gain sends Canada's benchmark stock index to all-time highs

<ul><li>OpenAI expands ChatGPT Search to all free users.</li><li> The AI startup has also brought in some important new features and enhancements with a new update.</li><li> Information from Netflix and travel booking platforms gains prominence now.</li></ul> OpenAI has expanded access to ChatGPT Search, making it available to all free users. Originally introduced in October 2024 for paid subscribers, the feature was first offered as an invitation-only preview under the name SearchGPT. This update marks a broader rollout, improving the overall user experience. ChatGPT Search features ChatGPT Search provides users with quick, up-to-date answers and links to relevant web sources, a task typically managed by search engines. Kevin Weil, OpenAI’s Chief Product Officer, announced the update in a YouTube video, highlighting the advantage of integrating real-time web information into the <keyword id="19925753" type="General" weightage="20" keywordseo="AI-chatbot" source="keywords">AI chatbot</keyword>. In this enhanced version, prominent links—such as those from Netflix or travel booking platforms—are displayed at the top of search results, followed by ChatGPT’s text-based responses. <keyword id="21453184" type="General" weightage="20" keywordseo="voice-search" source="keywords">Voice Search</keyword> A significant update is the addition of voice search for users with Advanced Voice Mode enabled. This feature can be accessed by tapping the audio waveform button in the compose bar. With voice search, users can request <keyword id="20186447" type="General" weightage="20" keywordseo="real-time-information" source="keywords">real-time information</keyword> on topics like travel destinations, weather updates, or activity recommendations. ChatGPT’s Voice Assistant will reply using one of ten available voice styles. Search engine enhancements OpenAI has enhanced browsing speed and efficiency for users who choose ChatGPT as their default search engine. To streamline this process, the company has also launched a Chrome extension, enabling users to set ChatGPT as their default search engine for instant answers from reliable websites. SEE ALSO: <a href="https://www.businessinsider.in/tech/mobile/news/vivo-x200-and-x200-pro-launched-in-india-starting-at-65999/articleshow/116248162.cms">Vivo X200 and X200 Pro launched in India starting at ₹65,999</a> <a href="https://www.businessinsider.in/tech/mobile/news/oneplus-13-with-snapdragon-8-elite-to-be-launched-globally-in-january/articleshow/115920790.cms">OnePlus 13 with Snapdragon 8 Elite to be launched globally in January</a> <a href="https://www.businessinsider.in/tech/mobile/news/nothing-will-reportedly-launch-three-phones-in-2025-including-the-phone-3/articleshow/115891768.cms">Nothing will reportedly launch three phones in 2025, including the Phone (3)</a>

OpenAI rolls out ChatGPT Search to all free users with voice and map features

Mumbai: The rupee slipped 1 paisa to an all-time low of 84.40 against the US dollar in early trade on Wednesday, as persistent <keyword id="20520117" type="General" weightage="20" keywordseo="foreign-fund-outflows" source="keywords">foreign fund outflows</keyword> and a muted trend in domestic equities weighed on the local unit. Forex traders said the USDINR pair has shown significant volatility in recent sessions, with the rupee inching closer to its all-time low of 84.40. This downward pressure is largely driven by global factors, particularly the Dollar Index's strengthening. At the interbank foreign exchange, the rupee opened at 84.40 against the greenback, registering a fall of 1 paisa over its previous close. On Tuesday, the rupee fell 1 paisa to a new lifetime low of 84.39 against the US dollar. "It appears that the rupee has established support around the current levels, with depreciation limited near 84.50," CR Forex Advisors MD Amit Pabari said. Pabari further added that the RBI stands tall as the depreciation in the rupee seems to be limited as the <keyword id="19899810" type="General" weightage="100" keywordseo="Reserve-Bank-of-India" source="keywords" meta.keywordsubtype="org" meta.entityname="Reserve Bank of India" meta.hostid="261" meta.entityid="Reserve Bank of India">Reserve Bank of India</keyword> (RBI) continues to sell the dollars to protect the sharp depreciation. "For the 5th consecutive week, India's forex reserves declined, possibly due to RBI selling the dollars. Currently, the forex reserves of India stand at USD 682 billion down from the recent all-time high of USD 704 billion," he said. Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, was trading lower by 0.04 per cent at 105.98. Brent crude, the global oil benchmark, rose 0.25 per cent to USD 72.07 per barrel in futures trade. On the domestic equity market front, Sensex was trading 210.66 points, or 0.27 per cent lower, to 78,464.52 points. The Nifty fell 100.45 points, or 0.42 per cent, to 23,783.00 points. Foreign Institutional Investors (FIIs) were net sellers in the capital markets on Tuesday, as they offloaded shares worth Rs 3,024.31 crore, according to exchange data. On the macroeconomic front, retail inflation breached the Reserve Bank's upper tolerance level, soaring to a 14-month high of 6.21 per cent in October mainly on account of rising food prices. Inflation based on the consumer price index (CPI) was 5.49 per cent in September and 4.87 per cent in the year-ago month. India's industrial production expanded by 3.1 per cent in September after recording a contraction in the preceding month, as all three major segments -- mining, manufacturing, and power generation -- showed improvement. However, the growth in the Index of Industrial Production (IIP) during the month was lower than 6.4 per cent registered in September 2023.

Rupee falls 1 paisa to all-time low of 84.40 against US dollar in early trade

<ul class="summary-list"><li><a target="_blank" class="" href="https://www.businessinsider.com/jeff-bezos-congratulates-donald-trump-election-win-washington-post-2024-11">Jeff Bezos</a> is the richest he's ever been.</li><li>The Amazon founder's net worth soared to an all-time high of $228 billion on Wednesday, per Bloomberg's Billionaires Index.</li></ul>The rich are getting richer since Donald Trump was elected president, and Jeff Bezos is no exception.His net worth hit a record high of $228 billion on Wednesday, according to the <a target="_blank" class="" href="https://www.bloomberg.com/billionaires/profiles/jeffrey-p-bezos/?embedded-checkout=true">Bloomberg Billionaires Index.</a> That's up $7 billion from his previous high of $221 billion, which he first reached in July and again on Tuesday.<a target="_blank" class="" href="https://www.businessinsider.com/amazon-stock-earnings-report-call-live-updates-2024-10">Amazon's stock</a>, which had already jumped last week on the back of a strong earnings report, surged following Tuesday's election, closing at an all-time high share price of $207.09 on Wednesday. The rally helped the Nasdaq 100, the index on which Amazon is listed, reach a record high.The vast majority of Bezos' fortune is tied to the company's stock, which is up more than 40% year-to-date; he owns more than 926 million of the company's shares or just under 9% of Amazon's stock.The fortunes of the world's five richest people — including Bezos — soared along with the market on Wednesday after <a target="_blank" class="" href="https://www.businessinsider.com/trump-2024-election-win-5-stats-to-explain-result-2024-11">Trump won the presidential election</a>. Collectively, the billionaires gained nearly $53 billion by the end of the day's trading, which saw investors betting on less regulation and corporate tax cuts under a second Trump administration.Bezos is the second-richest person in the world, topped only by <a target="_blank" class="" href="https://www.businessinsider.com/trump-won-election-what-that-means-for-elon-musk-2024-11">Elon Musk</a><a target="_blank" href="https://www.businessinsider.com/trump-won-election-what-that-means-for-elon-musk-2024-11">, a vocal supporter of Trump's campaign.</a> The Tesla CEO's net worth climbed $26.5 billion on Wednesday to reach $290 billion, per Bloomberg.<a target="_blank" class="" href="https://www.businessinsider.com/jeff-bezos-congratulates-donald-trump-election-win-washington-post-2024-11">Bezos congratulated Trump</a> on his win on Wednesday, calling it an "extraordinary political comeback."The billionaire had not endorsed a candidate this presidential cycle — and had guided <a target="_blank" class="" href="https://www.businessinsider.com/washington-post-donald-trump-kamala-harris-endorsement-bezos-why-matters-2024-10">The Washington Post,</a> which he owns, to do the same. The controversial decision of the paper not to endorse a presidential candidate for the first time in decades led to a number of resignations from the paper and reportedly caused more than 250,000 people to cancel their subscriptions.Both Musk and <a target="_blank" class="" href="https://www.businessinsider.com/jeff-bezos-blue-origin-space-election-elon-musk-nasa-2024-10">Bezos had stakes in the election</a>: Their private space companies, SpaceX and Blue Origin, respectively, rely on government contracts. Bezos' Blue Origin was chosen in June to be a preferred provider for $5.6 billion worth of Pentagon contracts and was awarded a $3.4 billion contract by NASA last year.

Jeff Bezos' net worth hits all-time high fueled by Amazon shares getting Trump bump

<ul class="summary-list"><li>Hedge fund managers who do best in choppy markets are not convinced by the post-election euphoria.</li><li>These managers, like $16 billion firm Universa Investments, believe warning signs are flashing.</li></ul>The first Donald Trump administration included policy announcements via Twitter, a pandemic, and protectionist tariffs that agitated the country's largest trade partner.His second term could be even more "radical" for markets, according to Jonathan Webb, an executive at portfolio technology company C8 Technologies and the former head of FX strategy at Jefferies."The backdrop is already a more volatile FX market," Webb said, comparing markets to when Trump was inaugurated the first time in January 2017. Higher interest rates, struggling European economies, and global inflation have created a more volatile world regardless of who won the election."Throwing Trump in, even moreso," Webb said.For managers that trade volatility and hedge against market crashes, these types of conditions are normally when their strategies come into play. But market volatility is at its lowest levels since July, according to the VIX index, Wall Street's favorite measure of uneasiness. Assets from US stocks to bitcoin are hitting all-time highs despite the economic backdrop — the Federal Reserve cut rates in September, indicating a slowing economy — being far from ideal."When people think things can't go down, that's when you start to worry," said Brandon Yarckin, the chief operating officer of $16 billion tail-risk asset manager Universa Investments, in an interview with Business Insider. He pointed out that billionaire Warren Buffett's Berkshire Hathaway is sitting on more cash than ever before — a sign that the Oracle of Omaha thinks markets are overvalued."There's a lot of kindling for a crash out there," Yarckin said.The euphoria and fear of missing out on the rally means investors are not knocking down the door of those who thrive in chaotic conditions. Universa has demand for its strategy currently, Yarckin said, but it's coming from "a small subset of people."Simon Aninat, a volatility portfolio manager for Natixis affiliate Seeyond, said clients haven't asked to revive a long-volatility strategy that performed well during the early days of the pandemic, but was closed in mid-2023 due to a lack of demand. Firms such as Universa soared during COVID — the Mark Spitznagel-led strategy returned <a target="_blank" href="https://markets.businessinsider.com/news/stocks/black-swan-fund-universa-investments-4000-percent-return-hedging-coronavirus-2020-4-1029076165">more than 4,000%</a> in the first quarter of 2020, for example."We know there's going to be bumps in the road during a Trump administration, but it's hard to be sure that there'll be a big spike of the VIX above 40," Aninant said. Instead, clients are more interested in the firm's short-volatility fund, which does well when markets stay calm.It's "counterintuitive," Aninant said, given Trump's management style, but clients believe the President-elect's policies mean "the S&amp;P will continue to rise."Allocators should be looking for "not necessarily spicy but uncorrelated strategies," said Mattias Eriksson, a former BlueCrest partner who cofounded C8 Technologies in 2017."He was tweeting a lot back then, and he created a lot of intraday volatility within the market," Eriksson said, referring to Trump's first term.Now, Eriksson's colleague Webb said, there's the potential for even more out-of-the-box policies given the presence of people like Tesla founder Elon Musk in Trump's orbit, and the fact Trump does not have to worry about reelection."I wonder if this is being underestimated" by the markets, Webb said."It's certainly an experiment."

Markets are ripping past all-time highs after Donald Trump's electoral victory. Doomsday investors aren't convinced.

<ul class="summary-list"><li>Philip Morris International stock surged 10% after strong Q3 revenue and profit guidance.</li><li>Zyn nicotine pouch sales grew 41% in the US in the third quarter.</li></ul><a target="_blank" class="" href="https://www.businessinsider.com/when-zyn-back-stock-cfo-later-year-q4-shortages-stores-2024-6">Nicotine pouch maker Zyn </a>is on a roll, and it's boosting the company's bottom line.Zyn producer Philip Morris International's stock rose 10% on Tuesday after the company reported better-than-expected third-quarter revenue and raised its full-year profit guidance. The gain was the biggest in over a decade and brought the company stock price to a record high.PMI, which produces Marlboro cigarettes outside the US, reported revenue of $9.9 billion for the third quarter, an 8.4% increase year-to-year.The company has beat analyst expectations for three straight quarters and its stock is up over 37% year-to-date.Third-quarter sales of <a target="_blank" class="" href="https://www.businessinsider.com/zyn-competitor-marketing-nicotine-pouches-finance-bros-2024-9">mega-hit nicotine pouch</a> Zyn grew 41% in the US and 70% internationally, despite a small increase in prices, chief financial officer Emmanuel Babeau said on Tuesday's earnings call.Zyn's performance comes amid PMI's push for more smoke-free alternatives, as consumers and governments shun traditional tobacco products. The company said smoke-free products, which include Zyn and IQOS vapes, accounted for 40% of profits this quarter.The chewing-gum-like oral pouches, which are popular with young professionals, have <a target="_blank" class="" href="https://www.businessinsider.com/zyn-nicotine-pouches-out-stock-shortage-new-york-jersey-florida-2024-5">been in short supply</a> across the country this year. PMI is building a factory in Colorado in 2025 to ease some of its US supply chain tensions, Babeau said in June.The flavored nicotine pouches have been available in the US since 2014 but have boomed in popularity recently. They have become a pick-me-up for <a target="_blank" rel="" href="https://www.businessinsider.com/zyn-pouches-become-popular-some-workers-2024-3">office employees</a> looking to feel more productive, and are a favorite for <a target="_blank" rel="" href="https://www.businessinsider.com/wall-streets-underground-drug-abuse-culture-cocaine-adderall-zyn-mushrooms-2024-1">high-powered Wall Street traders</a> and <a target="_blank" rel="" href="https://www.businessinsider.com/chuck-schumer-nicotine-zyn-republican-right-wing-2024-1">Republican lawmakers</a> alike. Loyal users of these pouches have said that Zyn helped them <a target="_blank" rel="" href="https://www.businessinsider.com/zyn-nicotine-weight-loss-ozempic-health-risk-masculinity-2024-5">lose weight</a>, comparing them to the viral weight-loss drug Ozempic.<a target="_blank" rel="" href="https://www.businessinsider.com/people-are-putting-nicotine-pouches-in-their-butthole-penis-foreskins-2021-9">Medical experts</a> and <a target="_blank" rel=" nofollow" href="https://academic.oup.com/ntr/article/23/9/1590/6285126?login=false#255584865">research</a> <a target="_blank" rel="" href="https://www.ncbi.nlm.nih.gov/pmc/articles/PMC4363846/">studies</a> warn nicotine can be addictive and can have harmful effects on the body, and there are no studies about nicotine's effectiveness in weight-loss, Business Insider <a target="_blank" rel="" href="https://www.businessinsider.com/zyn-pouches-what-are-nicotine-does-to-heart-body-brain-2024-2">previously reported.</a>The Food and Drug Administration has been cracking down on underage Zyn sales. Earlier this year, the agency said it <a target="_blank" rel="" href="https://www.fda.gov/tobacco-products/ctp-newsroom/fda-issues-warning-letters-and-files-civil-money-penalty-complaints-against-retailers-underage-sales">sent 119 warning letters</a> to retailers and filed 41 civil complaints for sales of Zyn to underage buyers last year and this year.In June, PMI received a subpoena from the District of Columbia's attorney general about <a target="_blank" class="" href="https://www.businessinsider.com/zyn-pauses-online-nicotine-pouch-sales-dc-investigation-subpoena-flavors-2024-6">online sales of flavored nicotine products</a>, which have been banned in DC since October 2022.

Huge sales of the nicotine patch Zyn have sent Philip Morris's stock to an all-time high

<ul class="summary-list"><li>US stocks jumped to record highs on Wednesday. </li><li>Indexes hit fresh all-time highs ahead of the key inflation report for September due Thursday. </li></ul>US stocks jumped on Wednesday as traders looked ahead to coming inflation data and took in the minutes of the Federal Reserve's last meeting. All three benchmark indexes surged to end the day higher. The Dow Jones Industrial Average jumped more than 400 points to a record close, while the S&amp;P 500 also notched a fresh all-time closing high. Investors pushed past concerns about Google parent Alphabet to take the Nasdaq Composite 0.6% higher. The Department of Justice on Wednesday said it's considering breaking up the tech titan to remedy its status as a monopoly in the search engine space. Bond yields rose, with the 10-year Treasury yield up three basis points to 4.071%.Here's where US indexes stood at the 4:00 p.m. closing bell on Wednesday:<ul><li><a target="_blank" href="https://markets.businessinsider.com/index/s&amp;p_500?utm_source=markets&amp;utm_medium=ingest%3Futm_source%3Dmarkets&amp;utm_medium=ingest&amp;utm_medium=ingest&amp;utm_source=markets">S&amp;P 500</a>: 5,792.04, up 0.71% </li><li><a target="_blank" href="https://markets.businessinsider.com/index/dow_jones?utm_source=markets&amp;utm_medium=ingest%3Futm_source%3Dmarkets&amp;utm_medium=ingest&amp;utm_medium=ingest&amp;utm_source=markets">Dow Jones Industrial Average</a>: 42,512.00, up 1.03% (+431 points)</li><li><a target="_blank" href="https://markets.businessinsider.com/index/nasdaq_composite?utm_source=markets&amp;utm_medium=ingest%3Futm_source%3Dmarkets&amp;utm_medium=ingest&amp;utm_medium=ingest&amp;utm_source=markets">Nasdaq composite</a>: 18,291.62, up 0.6% </li></ul>Investors have an eye on Thursday's consumer price index report, an inflation reading that will serve as a key input when the Fed meets to discuss its next rates move. <a target="_blank" class="" href="https://markets.businessinsider.com/news/stocks/stock-market-outlook-volatility-cpi-inflation-september-jobs-report-bofa-2024-10">The stakes of the next inflation reading have risen</a> after the big September jobs number, and Wall Street could be in for some volatility in the event of an upside surprise, Bank of America said this week. Economists are expecting consumer prices to have risen 0.1% for the month and 2.3% year-per-year in September, slightly cooler than the increases recorded in August."The Federal Reserve appears to remain comfortable with where inflation is and trending," Josh Hirt, a senior US economist at Vanguard, said in a note. "Although inflation remains elevated, we do not see a material effect on the Fed's trajectory of rate cuts."Markets also gained some confidence over the path of rate cuts after the Fed released the minutes of its September FOMC meeting. Central bankers predicted inflation would fall to 2% by 2026, while risks to economic strength were "tilted to the downside."Some officials, though, said they would have preferred a 25 basis-point cut at the Fed's last meeting, while "a few others indicated they could have supported such a decision," the minutes said."[W]e think that FOMC is still spending too much time looking in the rear-view mirror, taking too much comfort from the recent strength of the economy, and not paying enough attention to leading indicators pointing to weakness ahead, and the likely lagged impact of earlier tightening," Oliver Allen, a senior US economist at Pantheon Macroeconomics, said in a note. "We expect the Fed to be acting for far more urgency to avert a significant slowdown around the turn of this year, as the economic data continue to head in that direction."Markets are largely expecting the Fed to cut rates by 25 basis points at their next two meetings, bringing the Federal funds rate range to 4.25%- 4.5% by the end of the year. According to the CME FedWatch tool, the odds for another jumbo-sized rate cut in 2024 have fallen to zero. Here's what else is going on:<ul><li><a target="_blank" class="" href="https://markets.businessinsider.com/news/bonds/catastrophe-bonds-hurricane-milton-helene-florida-damages-insurance-loss-2024-10">Owners of catastrophe bonds are staring down big losses</a> as Hurricane Milton barrels toward Florida.</li><li>One of Wall Street's biggest bears is <a target="_blank" class="" href="https://markets.businessinsider.com/news/stocks/wall-street-biggest-bear-jpmorgan-stock-market-outlook-interest-rates-2024-10">turning upbeat on the stock market for the first time in 2 years</a>.</li><li><a target="_blank" class="" href="https://markets.businessinsider.com/news/stocks/tesla-stock-robotaxi-day-expectations-elon-musk-ai-fsd-tsla-2024-10?_gl=1*3hd80z*_ga*OTI1ODIwOTQ2LjE3MTYzOTg2NjU.*_ga_E21CV80ZCZ*MTcyODUwMDAwMy40MjguMS4xNzI4NTAyMjcyLjYwLjAuMA..">Tesla is approaching its "most hyped" event in a decade</a> as the carmarker readies to unveil its robotaxi.</li><li><a target="_blank" class="" href="https://markets.businessinsider.com/news/stocks/bond-king-bill-gross-bull-market-defensive-high-yielding-investments-2024-10">Billionaire "Bond King" Bill Gross recommends four defensive investments</a> for a bull market he sees losing steam.</li><li><a target="_blank" class="" href="https://www.businessinsider.com/russia-economy-moscow-bank-transactions-sanctions-trade-china-singapore-2024-10">Russia has lost another banking partner</a> as more lenders turn their back on Moscow over fear of sanctions.</li><li><a target="_blank" class="" href="https://markets.businessinsider.com/news/currencies/bitcoin-anonymous-peter-todd-hbo-documentary-satoshi-nakamoto-crypto-2024-10">A new HBO documentary suggests bitcoin's creator is Canadian programmer Peter Todd</a>.</li></ul>In commodities, bonds, and crypto:<ul><li><a target="_blank" href="https://markets.businessinsider.com/commodities/oil-price">West Texas Intermediate</a> crude oil traded slightly lower at 73.47 a barrel. <a target="_blank" href="https://markets.businessinsider.com/commodities/oil-price">Brent crude</a>, the international benchmark, fell 0.5% to $76.79 a barrel.</li><li><a target="_blank" href="https://markets.businessinsider.com/commodities/gold-price">Gold</a> slumped 0.55% to $2,607.68 an ounce.</li><li>The 10-year Treasury yield edged up three basis points to 4.071%.</li><li><a target="_blank" href="https://markets.businessinsider.com/currencies/btc-usd">Bitcoin</a> declined 2% to $60,91.</li></ul>

Stock market today: US stocks close at all-time highs ahead of key inflation update 

<ul class="summary-list"><li>After spending over 30 years <a target="_blank" class="" href="https://www.businessinsider.com/high-end-golf-course-mistakes-to-avoid-seasoned-golfer-2024-8">writing about golf</a> and visiting over 200 courses, I have favorites.</li><li>Cypress Point Club and Spyglass Hill are both beautiful courses in California.</li></ul>A great golf course is like a classic work of statuary — except that the medium is the earth itself, not just a hunk of marble or wet clay.Given the <a target="_blank" class="" href="https://www.ngf.org/wp-content/uploads/2023/05/AGIC_Economic-Impact-Report-2023.pdf">US golf industry's economic impact</a> is in the billions and has reportedly grown by 63% in the past two decades, it's no surprise there are so many course options.I've been writing about golf and travel for over 30 years and played hundreds of such green jigsaw puzzles. The best architects use the natural flow of the land and native trees and grasses to fashion a route that's fair yet challenging. It's hard to narrow down my favorite courses, but these stand out for their beauty and enduring appeal to golfers of all skill levels.Here are eight of my all-time <a target="_blank" class="" href="https://www.businessinsider.com/best-golf-courses-in-america-2014-5">favorite golf courses</a>.<h2 id="06310bc3-5c6d-4090-ac96-3e9a5cfb205f">I'll never forget Cypress Point Club in Pebble Beach, California</h2><div type="image" title="An aerial view of Pebble Beach golf course along rocks and ocean" height="3368" width="5000" msid="114665017" hostid="261" sizebytes="1541260"></div>I was lucky to golf at an Alister MacKenzie-designed course while at the University of Michigan for four years. I never dreamed I'd one day survey the golf-course architect's crowning achievement, the Cypress Point Club.Located along the Pacific Ocean in Pebble Beach, California, it's both beautiful and extremely exclusive — only 250 or so CEOs and other elites are members.The fabled 16th hole — a par 3 with a daunting tee shot over crashing surf and craggy rocks — will live in my mind's eye forever.<h2 id="fb3afa20-ce23-444a-a110-535aace15f6c">The nearby Spyglass Hill is also incredible</h2>Just down the coast from Cypress Point stands Spyglass Hill, a classic Robert Trent Jones Sr. design along the Pacific.It's well worth the stiff greens fees — around $415 — given its prized location by Carmel-by-the-Sea and its perennial popularity among golfers.Spyglass is a three-layer confection: it courses up and downhill through dense pine forests and austere sand dunes — it even has a too-brief encounter with the sea.<h2 id="14a36765-17a4-406a-a983-d02504c0da55">Forest Dunes Golf Club in northern Michigan is one of the Mitten State's best-kept secrets</h2><div type="image" title="Overview of Forest Dunes Golf Club with large bodies of water in irregular shapes surrounded by golf course greens with irregularly shaped sand bits and trees behind the course" height="3948" width="5272" msid="114665018" hostid="261" sizebytes="1390472"></div>To create Forest Dunes Golf Club, golf pro Tom Weiskopf routed 18 holes through aromatic, pine-studded sand dunes in the middle of Michigan farm country.Forest Dunes alone is worth the trek to Roscommon, Michigan, and you must also play its ingenious companion course, The Loop.A rare Tom Doak "reversible" design, The Loop features two distinct, 18-hole layouts on the same piece of earth. Play it one way on Monday and then enjoy an entirely different routing on Tuesday.<h2 id="af37547c-84c6-4e34-ba9d-5060cc69ef0b">Bandon Dunes Golf Resort is located on a majestic stretch of unspoiled Oregon coastline</h2>No modern golf fan can fail to pay homage to Bandon Dunes Golf Resort in Oregon, where seven different courses perch above the ocean on 2,500 acres.It was designed by architect David McLay Kidd and inspired by the ancient links courses of Scotland, which were typically set on grassy natural areas between sea and land. The course is an homage to his Scottish heritage, with gusting winds and panoramic views of the entire property.It's huge — plan on staying a week at the resort and booking a foot massage upon your return. By the last glorious hole, you might log 40 miles on your feet.<h2 id="47aaa557-1d30-405c-988e-0512b65e6f94">Gamble Sands in remote Brewster, Washington, is a must-visit destination</h2>Golfers of every skill level will enjoy Gamble Sands' capacious fairways and equally generous greens. Nothing beats its three drivable par 4s overlooking the Columbia River.You can also stay on the property and play its short, 14-hole course, Quicksands, for a between-meals amuse bouche.Plus, a second 18-hole Kidd-designed course is set to debut here in 2025.<h2 id="b783b3bf-a6fc-4407-8ebc-3453eb33ee7d">Scottsdale has some of Arizona's finest courses</h2><div type="image" title="View of mountains in Arizona in distance in front of golfers on green" height="3774" width="5661" msid="114665019" hostid="261" sizebytes="688596"></div>Scottsdale, Arizona, is home to over 200 golf courses and is a choice <a target="_blank" class="" href="https://www.businessinsider.com/quartzsite-arizona-nomadland-location-snowbirds-cheap-rv-resorts-2024-2">winter getaway for snowbirds</a> from all over.The deepest-pocketed of them probably call the private gated community Desert Mountain their home away from home.There are six Jack Nicklaus courses on the property. The very first, Renegade, is regarded to be among his most ingenious designs.Featuring six double greens and seven tee boxes, it can play from 4,400 to over 8,000 yards and offers painterly views of the Sonoran Desert sunsets.<h2 id="c0d46365-66cc-41b4-9759-245f53ab08c2">Omni Golf's Grove Park Inn is still popular after 100 years</h2><div type="image" title="View of stone-covered building behind trees and greenery and in front of mountains at The Omni Grove Park Inn" height="3648" width="5472" msid="114664918" hostid="261" sizebytes="2011844"></div>The Carolinas are known for having some great golf. North Carolina gets bragging rights for its justifiably famous Pinehurst No. 2 course, but let's not overlook Omni Golf's Grove Park Inn in <a target="_blank" class="" href="https://www.businessinsider.com/things-to-do-asheville-north-carolina-best-place-to-travel-in-us-2016-12">Asheville</a>.Surrounded by the majestic <a target="_blank" class="" href="https://www.businessinsider.com/most-beautiful-mountain-ranges-in-the-us-2020-5">Blue Ridge Mountains</a>, the course is over a century old and was originally designed by renowned architect Donald Ross.The adjoining Grove Park Inn, with its 43,000-square-foot subterranean spa, is also worth a visit. The historic resort has hosted the likes of Barack Obama and F. Scott Fitzgerald, as well as innumerable golf legends.<h2 id="f5012c7a-e9d1-419d-814a-db5cbfbbea67">Cabo del Sol ranks among Mexico's best resorts — and its got great golf, too</h2>Mexico has seen an explosion of new golf courses in the last decade, but Tom Weiskopf's Cabo del Sol layout in Los Cabos has been a top draw for over 20 years now.It deserves kudos for the views alone — the glimmering Sea of Cortez is visible from all 18 holes as the course winds its way through desert washes and sand.The course is also undergoing a $20 million makeover, with some stunning new holes and a swanky clubhouse. If you visit, don't leave without trying the local sea-bass tacos.

I've been to over 200 high-end golf courses around the globe. Here are 8 of my all-time favorites.

Dear reader, As another week draws to a close, the financial world is abuzz with excitement, with markets hitting all-time highs and raising questions for investors on how to best navigate this promising terrain. We explored some strategies for <keyword id="20223034" type="General" weightage="20" keywordseo="mutual-fund" source="keywords">mutual fund</keyword> investors looking to capitalise on India’s robust growth, despite some experts warning of overvalued conditions. But it was not all about numbers; the <keyword id="20665553" type="General" weightage="20" keywordseo="remote-work" source="keywords">remote work</keyword> debate also heat up again this week. A former <keyword id="19904608" type="General" weightage="100" keywordseo="Amazon" source="keywords" meta.keywordsubtype="org" meta.entityname="Amazon" meta.hostid="261" meta.entityid="Amazon">Amazon</keyword> employee had even spilled the beans on creative tactics used by workers to skirt the company's recent office mandate. Meanwhile, in a tech-savvy twist, Bengaluru's traffic police have deployed AI-powered cameras to ensure that rule-breakers aren't slipping through the cracks, whether or not an officer is present. This innovative move raises the stakes for those who might think twice about cutting a red light or using their phones while driving. In a more personal journey, a 41-year-old bank worker reveals how simple dietary changes and a straightforward workout technique transformed his physique, proving that it’s never too late to make positive lifestyle changes. And for music lovers, the excitement surrounding <keyword id="20399945" type="General" weightage="20" keywordseo="Coldplay" source="keywords" meta.keywordsubtype="org" meta.entityname="Coldplay" meta.hostid="261" meta.entityid="Coldplay">Coldplay</keyword>'s upcoming performance in India is palpable! However, with scalpers jacking up prices to exorbitant levels, we highlight how it may actually be cheaper to catch the band live in Abu Dhabi instead of facing the steep markups in Mumbai. Join us as we unpack these intriguing stories and more, ensuring you stay ahead of the curve in today's rapidly changing landscape. <h2>Top stories from the week</h2> With markets hitting all-time highs, how should you position yourself as a mutual fund investor? Despite experts currently pegging the market to be in over-brought category, with elevated valuations, India will continue to be amongst the world's fastest growing economies in the medium term. Per <keyword id="23344116" type="General" weightage="20" keywordseo="goldman-sach" source="keywords">Goldman Sach</keyword>'s India strategy, companies operating in the auto, chemicals, real estate, FMCG and other consumer durables may observe a large surge in their profits, with consumer durables registering the highest growth in this cycle. So, how can investors make the most of this uptrend? We decode that for you. <a href="https://www.businessinsider.in/stock-market/article/with-markets-hitting-all-time-highs-how-should-you-position-yourself-as-an-mutual-fund-investor/articleshow/113662022.cms?upcache=2&amp;utm_source=BI_newsletter&amp;utm_medium=newsletter&amp;utm_campaign=weekly_digest&amp;ncode=eac724db06a1b423589790353cd35d8482c05a95522ed6abfc285ccd372de143c1b9eb738a682068e6154cea1ecc535b90f24d3e6a144cc072a4cef9bdd7e86aa61f0a704e77dfb4465e87c057ec6b95&amp;nl_id=6638a138c5fe91bbf47baa33" data-type="tilCustomLink" target="_blank">Read more</a> Rename home Wi-Fi, leave badge at office: <keyword id="23344115" type="General" weightage="20" keywordseo="ex-amazon" source="keywords">Ex-Amazon</keyword> employee reveals tricks used by employees to not work from office Amazon's recent decision to end remote work and require employees to return to the officesparked controversy. A former AWS engineer shared tactics employees used to dodge the mandate, including badging in briefly, renaming home Wi-Fi networks, and using colleagues to clock in. These tricks highlight ongoing debates about remote work's future. <a href="https://www.businessinsider.in/tech/news/rename-home-wifi-leave-badge-at-office-ex-amazon-employee-reveals-tricks-used-by-employees-to-not-work-from-office/articleshow/113619411.cms?upcache=2&amp;utm_source=BI_newsletter&amp;utm_medium=newsletter&amp;utm_campaign=weekly_digest&amp;ncode=eac724db06a1b423589790353cd35d8482c05a95522ed6abfc285ccd372de143c1b9eb738a682068e6154cea1ecc535b90f24d3e6a144cc072a4cef9bdd7e86aa61f0a704e77dfb4465e87c057ec6b95&amp;nl_id=6638a138c5fe91bbf47baa33" data-type="tilCustomLink" target="_blank">Read more</a> Hopping signals or using phones when cops aren’t there? You’re still going to get instant-fined, thanks to Bengaluru’s new AI cameras If you've ever found yourself sheepishly glancing around after cutting a red light or using your phone while driving, only to relax because "no cops in sight," think again! In Bengaluru, the traffic police have gone tech-savvy, and they're now leveraging AI to keep an eye on you – whether or not there’s an officer standing by. <a href="https://www.businessinsider.in/tech/news/hopping-signals-or-using-phones-when-cops-arent-there-youre-still-going-to-get-instant-fined-thanks-to-bengalurus-new-ai-cameras/articleshow/113733172.cms" data-type="tilCustomLink" target="_blank">Read more</a> A 41-year-old transformed his body with 2 diet changes and 1 simple workout technique A bank worker in his 40s got more defined muscle with simple tweaks to his routine. He burned fat by paying attention to portion sizes and setting a daily protein goal. <a href="https://www.businessinsider.in/science/health/news/a-41-year-old-transformed-his-body-with-2-diet-changes-and-1-simple-workout-technique/articleshow/113532951.cms" data-type="tilCustomLink" target="_blank">Read more</a> It is cheaper to watch Coldplay perform in Abu Dhabi than to pay scalpers for Mumbai tickets Grammy-winning pop band Coldplay is all set to perform in India in January 2025 and the tickets went on sale recently. While excited fans rushed to book the tickets, most fans unfortunately couldn’t get their hands on them despite the band adding an extra show due to overwhelming demand. Not all tickets were booked by fans as a lot of tickets showed up on re-selling platforms and social media, with scalpers charging a bomb for these tickets. With tickets costing as much as ₹3.65 lakh on re-selling platforms such as Viagogo, there’s another option for Coldplay fans to see their favourite band perform without burning a hole in their pocket. <a href="https://www.businessinsider.in/entertainment/news/it-is-cheaper-to-watch-coldplay-perform-in-abu-dhabi-than-to-pay-scalpers-for-mumbai-tickets/articleshow/113665893.cms" data-type="tilCustomLink" target="_blank">Read more</a> <h2>Top Web stories </h2> <a href="https://www.businessinsider.in/science/health/food/webstories/saffron-to-caviar-9-of-the-worlds-most-expensive-food-items/slidelist/113671583.cms" data-type="tilCustomLink" target="_blank">Saffron to Caviar: 9 of the world's most expensive food items</a> <a href="https://www.businessinsider.in/thelife/webstories/work-smart-stay-sane-9-tips-to-combat-stress-and-burnout/slidelist/113671839.cms" data-type="tilCustomLink" target="_blank">Work smart, stay sane: 9 tips to combat stress and burnout</a> <a href="https://www.businessinsider.in/travel/india/webstories/10-serene-coastal-villages-in-india-to-visit-this-october/slidelist/113687424.cms" data-type="tilCustomLink" target="_blank">10 serene coastal villages in India to visit this October</a>

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