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☆ Dirty soda shops want to be the next Starbucks
▼ + stars: | 2024-09-28 | by ( Ramishah Maruf | ) edition.cnn.com time to read: +8 min

At a local store called Thirst, she tried a classic dirty soda combination: Dr Pepper with coconut cream and a raspberry syrup. Dirty soda is a non-alcoholic drink combined with creams, flavored syrups or fruit. What surprised Myrick the most about dirty soda shops was the sheer quantity of choices. Soda shops will have to continue to make the drinks relevant even once social media moves on, especially with such lofty growth goals. “It’s tough here because the vibe of the soda shops is a drive-through.”

Persons: Jordan Myrick, ” Myrick, Myrick, ”, Dr Pepper, influencers, it’s, ’, I’m, Layla Taylor, “ I’m, TikTok, Swig, Alex Dunn, we’ve, Chris Goodchild, “, FiiZ, Sodalicious, Pepper, doogh, Dixie, Lindsay Lohan, Ducky –, Goodchild, ” Goodchild, Coke, Nara Smith, creamer, you’re, Klea Mulla Organizations: New, New York CNN, Hulu, CNN, “, Starbucks, Boston Consulting Group, Western, Sonic, Dairy, The Washington Post, Pepsi, Dutch Bros, York City Locations: New York, California, Utah, Salt Lake City, Los Angeles, Swig, Western United States, South – Florida, Kentucky, Carolinas, Kansas, Indiana, Missouri, Midwest, Punjab, South Asia, Nara, Wawas, overpriced, New York City, York

☆ Fruzzetti: Don't want to own small caps in recessions.
▼ + stars: | 2024-09-27 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFruzzetti: Don't want to own small caps in recessions. Patrick Fruzzetti, Managing Director, Rose Advisors at Hightower, expresses concerns about small-cap stocks and rising credit delinquencies while recommending a company benefiting from near-shoring.

Persons: Patrick Fruzzetti, Rose, Hightower

☆ OpenAI has a lot of challengers, says Madrona's Matt McIlwain
▼ + stars: | 2024-09-27 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailOpenAI has a lot of challengers, says Madrona's Matt McIlwainMatt McIlwain, Madrona Venture Group managing director, joins 'Closing Bell: Overtime' to discuss tech buyouts, co-founder departures and outlook for the sector.

Persons: Matt McIlwain Matt McIlwain Organizations: Madrona Venture Group

☆ Commerzbank and UniCredit set to meet as takeover prospect looms
▼ + stars: | 2024-09-27 | by ( Sophie Kiderlin | In | ) www.cnbc.com time to read: +2 min

A Commerzbank AG bank branch, in the financial district of Frankfurt, Germany, on Thursday, Sept. 12, 2024. Krisztian Bocsi | Bloomberg | Getty ImagesCommerzbank and UniCredit are set to begin talks Friday, with the German bank on the defensive over a potential takeover after its Italian counterpart unexpectedly increased its stake earlier this month. Speaking at a financial conference, Orlopp said the German bank was open minded, but that the speed of synergies and risks needed to be considered. The potential for a takeover or merger has been met with opposition from Germany's government and several senior figures at Commerzbank. Orlopp herself earlier this month told journalists that the process had taken Commerzbank by surprise, but urged a calm approach.

Persons: Krisztian Bocsi, Bettina Orlopp, Orlopp, Commerzbank, Manfred Knof, Germany's, Jens Weidmann, Stefan Wittmann Organizations: AG, Bloomberg, Getty, Reuters, CNBC Locations: Frankfurt, Germany, Commerzbank

☆ China's ambitions for semiconductor self-sufficiency thwarted by lack of chipmaking tools
▼ + stars: | 2024-09-27 | by ( Anniek Bao | In | ) www.cnbc.com time to read: +5 min

Making the most advanced semiconductors requires cutting-edge lithography scanners to print the small, complex circuit designs onto microchips. But the Dutch government has banned the sale of its most advanced equipment to China. "Recreating advanced lithography systems that took ASML decades to develop and commercialize is a tall order for any individual Chinese company," Triolo said. SHANGHAI, CHINA - NOVEMBER 8, 2023 - Visitors learn about lithography machines at the booth of ASML at the 6th CIIE in Shanghai, China, November 8, 2023. Meanwhile, the U.S. is not only restricting China's access to chips, but trying to boost its own industry thus further widening the technological gap.

Persons: Huai, Leping Huang, ASML, John Lee, Paul Triolo, Triolo, Lee, Camille Boullenois Organizations: Nurphoto, Getty, Huatai Securities, East, West Futures, Technological, China, DGA Group, ., Chips, Semiconductor Industry Association, Boston Consulting Group Locations: HUAI'AN, CHINA, Jiangsu province, China, U.S, . Netherlands, SHANGHAI, Shanghai, Taiwan

☆ Key Fed inflation gauge at 2.2% in August, lower than expected
▼ + stars: | 2024-09-27 | by ( Jeff Cox | ) www.cnbc.com time to read: +2 min

Economists surveyed by Dow Jones had been expecting all-items PCE to rise 0.1% on the month and 2.3% from a year ago. Excluding food and energy, core PCE rose 0.1% in August and was up 2.7% from a year ago, the 12-month number 0.1 percentage point higher than July. "All quiet on the inflation front," said Chris Larkin, managing director of trading and investing at E-Trade from Morgan Stanley. Personal income increased 0.2% on the month while spending rose 0.2%. At their meeting last week, policymakers indicated a likelihood of another half percentage point in cuts this year then a full point in reductions for 2025, though markets expect a more aggressive path.

Persons: Dow Jones, Chris Larkin, Morgan Stanley Organizations: Commerce Department, Fed, Stock Locations: U.S

☆ Analyst singles out the Chinese EV maker that stands out in the tariff wars
▼ + stars: | 2024-09-26 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailAnalyst singles out the Chinese EV maker that stands out in the tariff warsTu Le, Founder & Managing Director of Sino Auto Insights discusses how U.S. and EU tariffs may have a varying impact on different Chinese EV makers.

Persons: Le Organizations: EV

☆ I was too stressed to enjoy my quiet vacation until I made on key change. I came home feeling happy and relaxed.
▼ + stars: | 2024-09-26 | by ( Robin Madell | ) www.businessinsider.com time to read: +7 min

AdvertisementOn the first day of my quiet vacation, I had great luck with the timing. After that incident, I was so anxious about getting caught while quiet vacationing during work hours that I changed my approach. AdvertisementMy trip turned from quiet vacationing to a workcation with reduced working hours — but it was still very worth it. I told my job I was in ItalyWhen I first went on my quiet vacation, I tried to keep it secret. It just feels so much better to do the work first and then enjoy your vacation to the maximum.

Persons: Holly Andrews, —, I'd, It's, Tess Martinelli Organizations: Service, Italy — Locations: Italy, Newport , United Kingdom, Bari, Bari Castle, tmartinelli

☆ ETF Edge with State Street's Matt Bartolini
▼ + stars: | 2024-09-26 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailETF Edge with State Street's Matt BartoliniMatt Bartolini, State Street managing director and head of SPDR Americas Research, joins CNBC's Bob Pisani on the 'Halftime Report' to discuss whether investors would flee Treasuries as yields drop and more.

Persons: Matt Bartolini Matt Bartolini, Bob Pisani Organizations: State Street, SPDR, SPDR Americas Research Locations: SPDR Americas

☆ First time in months Xi involved in trying to stimulate economy: strategist
▼ + stars: | 2024-09-26 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFirst time in months China's Xi involved in trying to reinvigorate the economy, strategist saysShaun Rein, the founder and managing director of China Market Research Group, discusses the Chinese government's economic stimulus plans.

Persons: China's Xi, Shaun Rein Organizations: China Market Research

☆ I was too stressed out to enjoy my quiet vacation — until I changed my approach
▼ + stars: | 2024-09-26 | by ( Robin Madell | ) www.businessinsider.com time to read: +7 min

Persons: —, Holly Andrews, I'd, It's, Tess Martinelli Organizations: Service, Business, Italy — Locations: Newport , United Kingdom, Bari, Italy, Bari Castle, tmartinelli

☆ Meet the ex-Goldman wealth advisor who quit to solve Britain’s £567 billion gender investment gap
▼ + stars: | 2024-09-25 | by ( Sawdah Bhaimiya | ) www.cnbc.com time to read: +3 min

Ayesha Ofori is a former Goldman Sachs wealth advisor who quit her high-profile job to resolve Britain's gender wealth gap, after realizing she had spent her career making rich men even richer. Ofori is the 40-year-old founder and CEO of female-focused financial investment platform, Propelle, which launched on Wednesday. Britain's gender investment gap currently stands at £567 billion — an increase of £54 billion between January 2023 and January 2024 — according to data from British financial research company Boring Money which surveyed over 6,000 adults in the U.K. It found that men have £1.01 trillion invested compared with £450 billion for women. The gender pensions gap refers to the differences in retirement income or retirement wealth between men and women.

Persons: Ayesha Ofori, Goldman Sachs, Propelle, Ofori, Stefan Bollinger, Julius Baer, Lucy Demery, Goldman, wasn't, I'd, isn't Organizations: Goldman, Vanguard, Blackrock, HSBC, Google, CNBC, Barclays, Ofori Locations: Prospect, British

☆ Beijing's strategy on Taiwan is not invasion but 'calibrated increased pressure': Eurasia Group
▼ + stars: | 2024-09-25 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBeijing's strategy on Taiwan is not invasion but 'calibrated increased pressure': Eurasia GroupRick Waters, Managing Director of China practice at Eurasia Group, discusses the geopolitical risks in the Taiwan Strait and the South China Sea.

Persons: Rick Waters Organizations: Eurasia, Eurasia Group Locations: Taiwan, China, Taiwan Strait, South China

☆ Why Evercore cut its Brent crude price target
▼ + stars: | 2024-09-25 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWhy Evercore cut its Brent crude price targetSteve Richardson, Evercore ISI senior managing director, joins CNBC's 'Money Movers' to discuss global oil demand and pricing, oil futures, and more.

Persons: Steve Richardson Organizations: Brent

☆ Another unforced error by Boeing is souring the new boss’ good vibes
▼ + stars: | 2024-09-25 | by ( Allison Morrow | ) edition.cnn.com time to read: +4 min

Less than two months into his tenure as CEO, Ortberg has largely understood the assignment. See here: We’re nearly two weeks into a strike by Boeing’s largest labor union. Initially, Ortberg seemed to have buy-in from labor leaders, who publicly acknowledged that the new boss was walking into a conflict that predated him by 16 years. All of that gave the new boss, who spent his first day at work touring a factory floor, a kind of pro-labor halo. “This tactic is a blatant show of disrespect” to union members and the bargaining process, the International Association of Machinists wrote Monday.

Persons: CNN Business ’, Kelly Ortberg, Ortberg, ’, ”, International Association of Machinists, “, “ We’ve, Wheaton, ” Wheaton, ’ …, ” It’s, it’s, ” Ortberg, It’s, Richard Aboulafia, ” Aboulafia, what’s, …, CNN’s Chris Isidore Organizations: CNN Business, New York CNN, Boeing, machinists, International Association of, Cornell University’s School of Industrial and Labor Relations Locations: New York, what’s

☆ UK Prime Minister Keir Starmer says tough times are needed to spark national renewal
▼ + stars: | 2024-09-24 | by ( Karen Gilchrist | ) www.cnbc.com time to read: +5 min

Prime Minister Sir Keir Starmer during an 'In Conversation' event with Debbie Weinstein, managing Director Goole UK&I during the Labour Party Conference at the ACC Liverpool. Liverpool, ENGLAND — U.K. Prime Minister Keir Starmer insisted on Tuesday that tough decisions taken now will spark a new era for Britain, as he sought to shake a fog of pessimism that has clouded his new premiership. "Change must mean nothing less than national renewal," he told a crowd of Labour Party delegates Tuesday. Wes Streeting, minister for health and social care, said that promised improvements to the U.K.'s National Health Service (NHS) would take time to implement. We need to rebuild the economy, rebuild public services and rebuild trust in politics," he said at the conference Monday.

Persons: Sir Keir Starmer, Debbie Weinstein, Keir Starmer, Starmer, Jeremy Corbyn, Rachel Reeves, Reeves, Wes Streeting, Tulip Siddiq Organizations: Goole, Labour Party Conference, ACC Liverpool, Labour Party, Conservative, Wealth Fund, Finance, National Health Service, Treasury, Labour, CNBC, Conservative Party Locations: Liverpool, ENGLAND, Britain, England

☆ Soft landing is the base case over the next 12 months, says S&P Global's Satyam Panday
▼ + stars: | 2024-09-24 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailSoft landing is the base case over the next 12 months, says S&P Global's Satyam PandayJulian Emanuel, Evercore ISI senior managing director, and Satyam Panday, S&P Global Ratings chief U.S. economist, join 'Squawk on the Street' to discuss the possibility of economic expansion, the lack of growth in China, and more.

Persons: Satyam, Satyam Panday Julian Emanuel, Satyam Panday Organizations: Satyam Panday, Satyam, Global Locations: China

☆ Venture Capitalist: India's AI sector is 'well-entrenched' in the developed market
▼ + stars: | 2024-09-24 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailVenture Capitalist: India's AI sector is 'well-entrenched' in the developed marketSunil Goyal, Managing Director and Fund Manager of YourNest Venture Capital, discusses the investment opportunities in India's AI sector.

Persons: Sunil Goyal Organizations: Email Venture, YourNest Venture Capital

☆ AI startups should brace for a wave of down rounds, investors say. Here's how it might play out.
▼ + stars: | 2024-09-24 | by ( Riddhi Kanetkar | ) www.businessinsider.com time to read: +5 min

Read previewDown rounds and flat rounds for VC-backed startups have hit an all-time high this year since 2014. And AI startups, which have been the darlings of the tech ecosystem since late 2022, aren't exempt from the trend. The deal was seen by some investors as an omen for a wider phenomenon in the AI ecosystem — an impending wave of flat rounds and down rounds. "Investors went crazy for AI startups with zero revenue, at higher valuations, which will be an issue," said Umesh Padval, managing director at Thomvest Ventures. Down rounds are on the riseIn 2022, 90.2% of AI startups in the US raised up rounds, while 6.5% raised down rounds, according to PitchBook data.

Persons: —, we've, Andreas Riegler, Umesh Padval, Padval, Francesco Ricciuti Organizations: Service, Microsoft, Business, Big Tech, APEX Ventures, Jasper, Google, Thomvest Ventures, Runa Locations: London

☆ Venture capital ecosystem looks 'very bright' right now, KFW Capital says
▼ + stars: | 2024-09-24 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailVenture capital ecosystem looks 'very bright' right now, KFW Capital saysJorg Goschin, co-CEO and senior managing director at KFW Capital, speaks to CNBC about the venture capital industry and the potential for innovative technology companies in Germany.

Persons: KFW Capital, Jorg Goschin Organizations: Email Venture, KFW, CNBC Locations: Germany

☆ Chemicals linked to breast cancer leach into our foods, study says
▼ + stars: | 2024-09-24 | by ( Sandee Lamotte | ) edition.cnn.com time to read: +9 min

CNN —Nearly 200 chemicals connected to breast cancer are used in the making of food packaging and plastic tableware, and dozens of those carcinogens can migrate into the human body, a new study found. Of the recently detected chemicals in food packaging, 40 are already classified as hazardous by regulatory agencies around the world, according to the study. Rates of early-onset breast cancer in women under 50 are increasing, and experts said the trend cannot be explained by genetics alone. A January 2024 update to that list found 921 possibly carcinogenic chemicals, including 642 that may stimulate estrogen or progesterone production, another known risk factor for breast cancer. FCChumon, created by the Food Packaging Forum, is a list of food contact chemicals that have been detected in human breast milk, blood, urine and tissues.

Persons: ”, Jane Muncke, ” Muncke, Jenny Kay, Len Lichtenfeld, ” Lichtenfeld, Sarah Gallo, ” Gallo, Kay, ” Kay, “ That’s, PFAS Organizations: CNN, Food Packaging, Silent Spring Institute, American Cancer Society, Consumer Brands Association, Food, FDA, Environmental, Toxicology, Contact Chemicals, “, National Academies of Sciences, Engineering, Medicine Locations: Zurich, Switzerland

☆ Amazon's Bedrock success prompts a surprising question: Do you need a top model to win in AI?
▼ + stars: | 2024-09-24 | by ( Eugene Kim | ) www.businessinsider.com time to read: +6 min

Read previewSo far, the generative AI race has been about who can build the most powerful models. Almost two years later, there are so many powerful AI models out there, it's no longer that special. Advertisement'Important but not critical'AWS CEO Matt Garman appears to be fine not having a fancy, home-grown AI model. "It'll be important but not critical," Garman said when asked about the importance of offering a top-performing first-party AI model. AGI teamThis doesn't mean Amazon has given up on building its own powerful AI model.

Persons: —, Claude, Meta's, Matt Murphy, Anthropic, Murphy, ChatGPT, Patrick Neighorn, Amazon's, Andy Jassy, Matt Garman, Garman, Matt McIlwain, Brent Thill, Jefferies, Thill Organizations: Service, Google, Business, Microsoft, OpenAI, Gemini, Menlo Ventures, AWS, Intuit, Toyota, New York Stock Exchange, BI, Asia, Madrona Venture Group, Amazon Locations: Europe, Middle East, Africa, Asia Pacific, Japan, North America

☆ How Foot Locker is waging a comeback after its breakup with Nike
▼ + stars: | 2024-09-23 | by ( Gabrielle Fonrouge | In Gabrielle-Fonrouge | ) www.cnbc.com time to read: +14 min

Foot Locker turns 50 while on a bit of an upswing two years into Dillon's tenure as CEO. Coi Leray performs at Foot Locker 50th anniversary event on September 16, 2024 in New York. "Whereas Foot Locker looks vulnerable because it just doesn't have all these other strings to its bows," said Saunders. Foot Locker store location on 34th street in New York City. The company is working to refresh two-thirds of its global Foot Locker and Kids Foot Locker doors by the end of 2025, and said 40% of its North American footprint is now off-mall.

Persons: Patrick T, Mary Dillon, Locker, Mike Vitelli, Isabella Picicci, we've, Dillon, Neil Saunders, Dick's, Saunders, they're, Frank Winfield Woolworth, Janine Stichter, Foot, Frank Bracken, Bracken, America sputtered, WSS, …, she's, That's, Stichter, they'd, Kim Waldmann, it's, Waldmann, that's, Foot Locker Organizations: Nike, Foot, Beverly Center, Fallon, Bloomberg, Getty, PR, Adidas, CNBC, Goods, JD, JD Sports, City of, Forbes, Jordan, she's Locations: Los Angeles, New York City, New York, City, City of Industry , California, U.S, America, North America, GlobalData, Foot

☆ Apple Intelligence will mark a 'renaissance of growth' for the company, says Wedbush's Dan Ives
▼ + stars: | 2024-09-23 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailApple Intelligence will mark a 'renaissance of growth' for the company, says Wedbush's Dan IvesDan Ives, Wedbush Securities managing director, joins ‘Squawk on the Street' to discuss Apple's iPhone 16 sales, how the company's AI push will impact its stock, and more.

Persons: Wedbush's Dan Ives Dan Ives, Squawk Organizations: Apple Intelligence, Wedbush Securities

☆ US government begins preparations for a partial shutdown with one week until deadline – despite agreement
▼ + stars: | 2024-09-23 | by ( Betsy Klein | Tami Luhby | ) edition.cnn.com time to read: +6 min

That standard guidance will be circulated Monday, seven days before a shutdown could occur. Should lawmakers fail to pass a funding bill, millions of federal workers and military personnel would be affected by a shutdown. Another 1.4 million federal employees may have to work without pay, though some of these positions are funded through resources other than annual appropriations, she said. All federal employees are guaranteed back pay, though contractors are not. Even the threat of a shutdown can disrupt the lives of federal employees, who could have to forgo their paychecks.

Persons: Mike Johnson, shutdowns, Rachel Snyderman, Snyderman, “, ”, Donald Trump, Trump, Chuck Schumer, aren’t, ” Doreen Greenwald, Everett Kelley, Joe Biden Organizations: Washington CNN, Louisiana Republican, Democratic, CNN, “, OMB, White, Management, Senate, Center, SAVE, GOP, noncitizens, Representatives, Social Security, National Treasury Employees Union, American Federation of Government Employees, District of Columbia Locations: Louisiana

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