RECORD-HIGH IN SIGHT Nvidia stock aims for new record as Wall Street stays bullish on AI Jakarta - Delayed Quote • IDR PT Bekasi Fajar Industrial Estate Tbk (BEST.JK) Follow Compare 116.00 +1.00 (+0.87%) At close: 4:06 PM GMT+7 Related News How Meta has become an AI behemoth Why, and how, Meta has become an AI monster. DOJ's Google break-up remedy is 'unusual': Fmr. FTC commissioner The US Department of Justice (DOJ) has proposed several "behavioral and structural remedies" that could break up segments of Google's (GOOG, GOOGL) search business, which was ruled to be monopolistic by a federal judge in August. To shed light on the implications this could have for Google, former Federal Trade Commission (FTC) Commissioner Mozelle Thompson joins Catalysts. Thompson explains that the trial has progressed to its "second phase," following the court's determination that Google holds a monopoly. The question remains what kind of remedy will effectively address the harms identified by the court in the initial phase. Thompson cautions that resolving this case and implementing appropriate solutions could be a long process, potentially spanning years. "Break-ups are hard to do," Thompson says, highlighting how "unusual" the DOJ's proposed remedy is. He notes that such measures are uncommon, with many questioning its efficacy in curbing the market dominance of tech giants. Nevertheless, Thompson advises investors to consider the evolving competitive landscape, particularly as artificial intelligence (AI) advances. "People have alternatives to Google searches," he states as AI technologies grow in popularity and are potentially reshaping the search engine market. To watch more expert insights and analysis on the latest market action, check out more Catalysts here. This post was written by Angel Smith Boeing stock falls amid breakdown in union talks, risk of credit rating downgrade Boeing stock opened lower as talks broke down with its biggest union amid a strike. The company is now at risk of a junk bond rating. DOJ’s Google breakup remedy puts tech world on notice The US Justice Department said in a new court filing that it may recommend a break up of Google, showing just how far Washington is willing to go to rein in Big Tech. Google’s partnership with SpotHero brings parking reservations to Maps and Search SpotHero, a parking startup that lets drivers reserve nearby parking spaces, announced on Tuesday that it has teamed up with Google to integrate its offering into Google Maps and Google Search, allowing users in the U.S. and Canada to reserve parking spots at over 8,000 locations. With the latest feature, users can find parking close to their destination and reserve it by selecting the "Book Online" button from within both apps. Clicking will direct them to the SpotHero website to finalize their Trust in robotaxis is higher among users, J.D. Power study finds According to J.D. Power, people who have ridden in robotaxis really like them. The Dow spikes more than 350 points as Fed minutes and an inflation report come into focus The Dow jumped more than 350 points on Wednesday after the release of minutes from the Fed’s Sept. 17-18 meeting showed how officials agreed to a half-point rate cut. Despite being divided on the economic outlook and uncertain about how aggressive to be, the Fed settled on a 50-basis-point reduction—the first in over four years. The Boeing machinist strike is nearing its fourth week. Where do things stand? As the Boeing (BA) machinist strike threatens to drag into its fourth week with no end in sight, it remains unclear where things go from here. The company is losing hundreds of millions of dollars in badly needed cash, but that hasn’t prompted it to strike a deal. Thousands of cancer patients in line to share £1.7bn as GSK settles Zantac cases Tens of thousands of Americans are in line to share $2.2bn (£1.7bn) after GSK agreed a settlement over claims its indigestion drug caused cancers. Factbox-Google's antitrust woes mount in US cases over search, apps, ads In the span of two days this week, Alphabet's Google was hit with a court order to open up its app store Play to rivals and learned that the U.S. Justice Department may soon ask a judge to split up the company to limit its hold over online searches. Here is a look at the U.S. antitrust cases that have Google playing defense and that could help shape the company's future. U.S. District Judge James Donato in San Francisco on Monday ordered Google to overhaul parts of its Android app business, spelling big changes for consumers, developers and mobile device makers. These Stocks Are Moving the Most Today: Alphabet, Boeing, DJT, Arcadium Lithium, Norwegian, Astera Labs, Helen of Troy, and More The Justice Department considers asking for a breakup of Google, while Boeing withdraws its recent offer to the union and its credit rating is at risk of being downgraded to junk status. GSK to Pay Over $2 Billion in Bid to End Most U.S. Zantac Lawsuits GSK agreed to pay more than $2 billion to settle almost all remaining liability cases in the U.S. over allegations its discontinued heartburn medicine Zantac causes cancer. Top Stock Movers Now: Norwegian Cruise Line, Corning, Boeing, and More Major U.S. indexes were higher at midday Wednesday ahead of the release of the minutes from the last Federal Reserve meeting, when policymakers slashed interest rates. Boeing's October Deliveries Expected To Plummet Amid Strike Challenges: Analyst Boeing Company (NYSE:BA) shares are trading lower on Wednesday. On Tuesday, the company reported that it delivered over 33 aircraft to customers in September amid the disruption to manufacturing operations. RBC analyst Ken Herbert says that despite the strike, the 27 MAX deliveries in September are viewed as a slight positive. The analyst anticipates a significant drop in Boeing’s October deliveries due to the ongoing IAM strike, which began on September 13th, halting production of the 737, 767, Analysts reboot Broadcom stock price target after earnings, bond sale This is what could happen next to Broadcom shares. 5 Numbers That Explain Why Boeing Won’t Go Bankrupt The commercial jet maker isn’t doing great right now, but there is no reason to fear for the future of the company. GSK Resolves Majority Of US Zantac Cases With $2.2B Settlement Deal, Stock Surges On Wednesday, GSK plc (NYSE:GSK) reached agreements with ten plaintiff firms representing approximately 80,000 Zantac product liability cases in the U.S. state courts. These cases account for 93% of the Zantac (ranitidine) lawsuits currently pending against the company. Under these agreements, GSK will pay up to $2.2 billion to resolve the claims, contingent upon eligibility and participation criteria. In July, a Delaware judge dismissed a request from GSK and other pharmaceutical companies to a Boeing Faces $100 Million More in Interest Costs If Rating Is Cut to Junk (Bloomberg) -- Boeing Co.’s annual interest costs could rise by at least $100 million if its credit rating is cut to junk, adding to its troubles as it navigates stalled union talks and seeks to shore up fresh capital.Most Read from BloombergUrban Heat Stress Is Another Disparity in the World’s Most Unequal NationChicago’s $1 Billion Budget Hole Exacerbated by School TurmoilShould Evictions Be Banned After Hurricanes and Climate Disasters?From Cleveland to Chicago, NFL Teams Dream of Domed Stadi Why Royal Caribbean and Norwegian Cruise Stocks Are Sailing Higher Today Citi analysts upgraded shares of the Norwegian Cruise Line to Buy from Neutral and raised their price targets on both. US cruise stocks rise as Citi upbeat about strong growth indicators Shares of Norwegian Cruise were up as much as 11% following an upgrade from Citi to "buy" from "neutral," while Royal Caribbean Group's shares reached an all-time high of $263 after rising as much as 5%. Carnival Corp surged nearly 9%. Cruise operators have posted strong results this year, riding on solid appetite for sea-based vacations and higher ticket prices. Performance Overview Trailing total returns as of 10/9/2024, which may include dividends or other distributions. Benchmark is IDX COMPOSITE Return BEST.JK IDX COMPOSITE YTD -15.33% +3.14% 1-Year -24.68% +8.90% 3-Year -12.78% +15.73%