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"But they also feel the pressure of wanting to win and the pressure of going to college," she told Business Insider last week. The biggest mistake that parents with ambitious, curious kids can make is adding to that pressure, she said. Stepping back and letting the kids do the workGrace Sun holds an OECT device that helped her win the ISEF science fair. "We never pressure them," Maria Estrada, whose two children have both competed and won awards at ISEF, told Business Insider. Sun told Business Insider she had to miss hours of school to work in a university lab for her project.
Persons: , Rhodes, it's, Ajmera, Gen Z, Grace Sun, Chris Ayers, Maria Estrada, Estrada, she's, Alexa Groff, Taylor, Groff, ISEF, Maddux Alexander Springer, Peggy Scripps, Krish Pai, Michelle Wei, George D Organizations: Service, Science, Engineering, MacArthur Foundation, Business, Society for Science, ISEF, Communication, Sun Locations: Hawaii, California, Kildare, Ireland, Shanghai, China, Los Angeles
Wall Street will be keeping close watch on what Nvidia says about demand for its artificial intelligence chips when the market-moving chipmaker reports quarterly results after the bell Wednesday. Nvidia is expected to surpass expectations again, with analysts polled by LSEG calling for earnings of $5.59 per share on $24.65 billion in revenue. "As long as it tops analyst expectations, NVIDIA is likely to remain a key tailwind for the overall U.S. stock market." NVDA 1Y mountain Shares over the last year For multiple quarters, Nvidia has shocked Wall Street with the robust demand for its tools. "We continue to expect a strong beat-and-raise quarter from NVIDIA as Hopper demand remains robust before the Blackwell transition," wrote Morgan Stanley's Joseph Moore.
Persons: they've, Wolfe, Chris Senyek, Hopper, Blackwell, Morgan Stanley's Joseph Moore, Piper Sandler's Harsh Kumar, Rosenblatt's Hans Mosesmann, Baird's Tristan Gerra, Tom O'Malley, Baird's Gerra, Nvidia's Blackwell, America's Vivek Arya, Arya, Timothy Arcuri, Rosenblatt's Mosesmann, O'Malley, Morgan Stanley's Moore Organizations: Nvidia, NVIDIA, Blackwell, Barclays, Bank, America's, UBS Locations: Nvidia's
Discovery has signed a five-year sublicensing deal with Disney's ESPN to broadcast first-round and quarterfinal College Football Playoff games. Warner Bros. Disney is paying about $1.3 billion per year for rights to the entire College Football Playoff. The new 12-team College Football Playoff slate debuts in December, replacing a four-team tournament that began in 2014. "It is exciting to add TNT Sports, another highly respected broadcaster, to the College Football Playoff family," Bill Hancock, executive director of the College Football Playoff, said in a statement.
Persons: Bill Hancock Organizations: ESPN, State Sugar, Texas Longhorns, Washington Huskies, Caesars, Warner Bros, Discovery, College Football, TNT, Disney, Football, TNT Sports Locations: New Orleans, LA
Read previewLawyers in the Donald Trump hush-money trial spent Tuesday afternoon in a spirited battle over this question: what will the judge tell jurors right before they begin their deliberations next week? The jury charge is so important, so sacrosanct, that Merchan will order the doors to his courtroom sealed for its duration, with no one in the well or audience allowed to enter or leave. AdvertisementThe jury charge for this single felony should be easy, right? But it's not the only law jurors must understand and weigh when they begin deliberations as early as Wednesday. Or can some jurors find that Trump conspired to violate tax law, while other jurors see the falsification of National Enquirer business records as the central offense?
Persons: , Donald Trump, Juan Merchan, Trump, There's, Attorney Alvin Bragg, Bragg, Michael Cohen, Cohen, — Cohen, Stormy Daniels, Getty, Daniels, it's, Prosecutors, he's, It's, reimbursements, Emil Bove, Matthew Colangelo, Colangelo, Merchan, I'm, Yuki Iwamura, Bove, he'll Organizations: Service, York, Business, Trump Organization, Prosecutors, Attorney, Trump, Manhattan, Federal, National Enquirer Locations: New York, York, Manhattan
WASHINGTON — The first Trump presidency shattered conservative economic ideology on the Republican Party's approach to free markets and tariffs. Source: AmericanCompass.org To be clear, this is not yet the dominant strain of Republican economic thinking in Washington. Cass argues that Republican economic policy has been focused on the wrong goals: lowering prices and increasing consumption. "It was absolutely black letter economic doctrine that the point of economic policy was to consume as much as possible. watch now"Spinning assets in circles creates nothing of value, and in fact creates the opposite of value," Cass said.
Persons: Donald Trump, Brendan Mcdermid, Eamon Javers, WASHINGTON —, Trump, Trump's, Sohrab Ahmari, Ahmari, elitists, Bud Light, Oren Cass, Cass, Michael Wayland, CNBC Cass, , Biden, Pennsylvania Republican Sen, Pat Toomey Organizations: Reuters, WASHINGTON, Trump, Republican, GOP, Wall Street, Amazon, Starbucks, U.S . Chamber of Commerce, Block, Development Bank, Environmental, American, Bronco, Ford's, Ford's Michigan Assembly, CNBC, Wall, Pennsylvania Republican Locations: Freeland , Michigan, U.S, America, Washington, China, Block, Ford's Michigan, Cass, Pennsylvania
The 2024 list is out — and the best cities to live in are mostly in the South and the Midwest. AdvertisementThis year's top spots include a few cities consistently ranked among the best places to live, including booming Boise, Idaho, sandstone-hued Colorado Springs, and the southern banking hub of Charlotte, North Carolina. In addition to the availability of jobs and housing, US News & World Report places a strong emphasis on the overall standard of living in each area. AdvertisementAccording to US News & World Report, here are the 15 best places to live in the US. In these spots, residents are pretty satisfied with their lives, homes are relatively affordable, and there are plenty of jobs.
Persons: , Louis, glamor Organizations: Service, Business, Federal Reserve Bank of St, US News Locations: United States, Boise , Idaho, Colorado, Charlotte , North Carolina, Austin , Texas, Carolina, Greenville, Charleston , South Carolina, Naples , Florida, Naples
"I didn't intend to go deep on the idea of service, but it's certainly as relevant today as ever," Gates wrote. 'The Women,' by Kristin HannahHannah's bestseller, released in February, is a work of historical fiction set during the Vietnam War. In his new book, Anderson argues "that we need to expand our definition of generosity," Gates wrote. "Oldman plays the head of Slough House, who's basically the polar opposite of James Bond," wrote Gates. "More than a guide to better conversations, it's a blueprint for a more connected and humane way of living," Gates wrote.
Persons: Bill Gates, David Brooks, Gates, it's, Kristin Hannah Hannah's, Frances McGrath, I've, Hannah, Nightingale, Chris Anderson, Anderson, Mick Herron, Jackson Lamb, Gary Oldman, Oldman, who's, James Bond, Sal Khan, Khan, Melinda Gates, Sal, Brooks Organizations: Microsoft, New York Times, Army, Corps, TED, Apple, Slough House, Khan Academy, Melinda Gates Foundation, CNBC Locations: Vietnam, Slough
Apple is offering hefty discounts on iPhones in China in a bid to boost sales amid intense competition from local brands such as Huawei, as promotions for the country's 618 shopping festival get underway. Chinese e-commerce marketplaces JD.com and Alibaba's Tmall have been selling select iPhone models at discounts as high as 20% since promotions for 618 festival started on Monday. Apple's 256-gigabyte iPhone 15 Pro Max was being sold for 7,949 yuan (US$1,120), down from the original 9,999 yuan, a significantly higher discount than those reported in February. Tmall and JD.com are some of Apple's sales channels in the country that regularly promote discounts during the mid-year 618 shopping festival. Apple is also offering discounts of up to 6,100 yuan on the iPhone 15 when Chinese buyers trade in iPhone 11 or later versions, according to the company's website.
Persons: Alibaba's, Max, Tmall Organizations: Huawei, Apple Locations: Nanjing, Shanghai, China
Before I lost 120 pounds, I could barely run a mile, let alone the length of a proper race. I'd always been heavy-set, but by the time I reached my early 30s in 2010, my weight was a big issue. My heaviest weight was 350 poundsHe told me that he'd had gastric sleeve surgery and never looked back. AdvertisementQuintano had gastric sleeve surgery in April 2023 Courtesy of Anthony QuintanoMeanwhile, I'd developed a blood clot in my leg. I started walking laps around my hospital room.
Persons: , Anthony Quintano, I'd, munch, Quintano, he'd, Anthony, you've, I've Organizations: Service, Business, KFC, Brooklyn, New York City Marathon Locations: Brooklyn, Maine, New Jersey, Central, New York
Artificial intelligence startup Scale AI said Tuesday that it has raised $1 billion in a Series F funding round that values the enterprise tech company at $13.8 billion — almost double its last reported valuation. 12 on this year's CNBC Disruptor 50 list, has now raised $1.6 billion to date. Existing investors including Y Combinator, Nat Friedman, Index Ventures, Founders Fund, Coatue, Thrive Capital, Spark Capital, Nvidia, Tiger Global Management, Greenoaks, and Wellington Management also participated in the round. Scale AI is playing a key role in the rise of generative artificial intelligence and large language models, with the data — whether it is text, images, video or voice recordings — needing to be labeled correctly before it can be digested and used effectively by AI technology. Scale AI has evolved from labeling data used to train models that powered autonomous driving to now helping to improve and fine tune the underlying data for nearly any organization looking to implement AI, powering some of the most advanced models in use.
Persons: Elad Gil, Y Combinator, Nat Friedman, Alexandr Wang Organizations: CNBC, Accel, Cisco Investments, Intel Capital, ServiceNow Ventures, AMD Ventures, WCM, Color Genomics, Meta, Ventures, Founders Fund, Spark Capital, Nvidia, Tiger Global Management, Wellington Management Locations: San Francisco, AGI
Ethereum has jumped over the past 24 hours as odds of an imminent ETF approval have soared. AdvertisementAccording to Standard Chartered Head of FX Research Geoff Kendrick, ETF approvals would cement ether's chances of reaching $8,000 by this year's end. AdvertisementSecondly, big outflows are also less likely to be an issue for ether, Kendrick pointed out. Once ether funds are established, the price highs that it can achieve bode well for bitcoin, Kendrick added. "An ETH ETF approval will further legitimise the sector and therefore be BTC positive as well.
Persons: Ethereum, , That's, Eric Balchunas, Geoff Kendrick, Kendrick, bode Organizations: SEC, Chartered, Service, bitcoin, Securities and Exchange Commission, Bloomberg, Bloomberg Intelligence, Standard Chartered, FX, BTC Locations: VanEck
Liquid Death has built a $1.4 billion brand by being as eye-catching as possible. The canned water brand on Tuesday announced a contest that will see it give away a $400,000 fighter jet to one of its fans. Between now and September 4, each in-store purchase of a Liquid Death product will count as an entry into the sweepstakes. In the event that the winner doesn't want the jet, Liquid Death is offering an alternative cash prize of $250,000 delivered in a briefcase. "We want to actually entertain people [and] make them laugh in service of a brand," Cessario said at the time.
Persons: doesn't, Mike Cessario, Cessario Organizations: Netflix, CNBC Locations: Chicago
Dollar calm as traders await clues on U.S. rate path
  + stars: | 2024-05-20 | by ( ) www.cnbc.com   time to read: +4 min
In this photo illustration, a person seen holding a 100 US dollar bill in his hand. The dollar was broadly steady on Monday as investors awaited further clues to help chart the U.S. interest rate path in the wake of cautious comments from Federal Reserve officials, even as inflation shows signs of cooling. The Japanese yen was flat at 155.74 per dollar, with traders on alert for any signs of government intervention. That has prompted traders to trim the amount of easing expected this year to about 46 bps, with only a rate cut in November fully priced in. In other currencies, sterling touched a two-month high of $1.2711 ahead of the crucial UK inflation report due on Wednesday.
Persons: Brian Jacobsen, Powell, Jackson, Flash PMIs, Paul Mackel, BoE, Charu Chanana Organizations: Federal Reserve, Annex Wealth Management, ANZ, European Central Bank, Bank of England, HSBC, New Zealand, Reserve Bank of New, Saxo Locations: Tokyo, Germany, U.S, Reserve Bank of New Zealand
The U.S. equity strategist now expects the S & P 500 will rise to 5,400 by the second quarter of 2025. Just last week, the S & P 500 closed above 5,300 for the first time. His bull case of 6,350 represents roughly 20% upside over the next 12 months for the S & P 500. Deutsche Bank's Binky Chadha hiked his S & P 500 target to 5,100, noting the benchmark could pop to 5,500. But market strategists on average are anticipating the S & P 500 will fall to 5,220 by the end of 2024, according to CNBC's Market Strategist Survey .
Persons: Morgan, Mike Wilson, Wilson, Morgan Stanley's, Brian Belski, Chadha, Dubravko, Bujas Organizations: CNBC Market, Deutsche
download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewAs Donald Trump's criminal hush-money trial nears the end, the former president's defense team plans to call at least one witness — an ex-commissioner of the Federal Election Commission who's getting a whopping $1,200 an hour. Smith does not appear to be quoted in media coverage of Trump's hush-money case. Related storiesThe judges in both cases found that the defense improperly wanted Smith to interpret campaign finance law to the jury. AdvertisementIn putting Smith on the stand, Trump's defense team hopes to challenge the prosecution's argument that the hush-money payment breached those laws.
Persons: , Donald, Commission who's, Bradley Smith —, Smith, he'd, Trump, Juan Merchan, Bill Clinton, Bradley Smith, Douglas Graham, Sam Bankman, Suarez, Trump —, Eli Bartov, Arthur Engoron, Engoron, Stormy Daniels, Michael Cohen, Cohen, Daniels, Melania Trump Organizations: Service, Commission, Republican, Business, New, Save America PAC —, New York University, The Manhattan, Attorney's, Prosecutors, Trump Locations: Trump's, Manhattan, States
The firm notes that Vertiv, which makes power and cooling equipment for data centers, has beaten Nvidia by 315% over the past year. Much of that stems from the advanced chips that power AI on — such as the ones Nvidia produces — requiring significantly more electricity to operate. "Power used by AI applications is expected to grow at a 25-33% CAGR over the next few years." AdvertisementAs Nvidia gears up for its earnings season on Wednesday, expectations remain strong, Bank of America said. Previously, Goldman Sachs had similarly outlined broadening AI investment, characterizing Nvidia as the first of four phases.
Persons: , They're, Nvidia's, Vertiv, outpacing, BofA, Bank of America BofA, Steve Eisman, it's, NVDA, Goldman Sachs Organizations: Bank of America, Nvidia, Service, Vertiv
Flying is cheaper in 2024. But not for some destinations
  + stars: | 2024-05-20 | by ( Greg Iacurci | ) www.cnbc.com   time to read: +2 min
Americans traveling this summer have broadly seen prices fall for airline fares, a welcome trend after last year's sticker shock. But airfare remains more expensive in 2024 for some regions and destinations, largely for trips abroad, data shows. Flights to Canada, South America, and the Middle East and Africa regions are also up 6%, 2% and 1%, respectively, from summer 2023, Hopper found. High prices to certain Asian cities impact many American tourists since the continent is their second-most frequented international travel destination, Hopper said. Average fares to Europe, the most popular trip abroad for Americans, are down 8% in summer 2024 versus a year ago, when they were at record highs.
Persons: Hopper Organizations: Finance Locations: Tokyo, Japan, Canada, South America, East, Africa, Europe, Asia, Sakata, Ipoh, Udon Thani, Thailand's, Rio de Janeiro, Brazil, Lima, Peru, Santiago, Chile, Friedrichshafen, Memmingen, Germany, Bratislava, Slovakia
Wix.com — The web development company jumped more than 25% after it posted better-than-expected first-quarter results. Norwegian Cruise Line — The cruise line operator jumped more than 8% after Norwegian Cruise Line lifted its full-year earnings guidance. It also reported better-than-expected first-quarter results. Hasbro — Shares gained 3% after Morgan Stanley called Hasbro a top pick, saying its recent underperformance gives investors a strong entry point. Uranium stocks have recently gained after President Joe Biden signed a bill banning imports of Russian uranium for nuclear fuel.
Persons: Wix.com, Li Auto, Goldman Sachs, Morgan Stanley, Johnson, Elliott, Joe Biden, NuScale, — CNBC's Michelle Fox, Lisa Kailai Han, Alex Harring, Samantha Subin Organizations: Norwegian Cruise, Target, GameStop, Micron Technology, Hasbro —, Hasbro, Bloomberg News, Elliott Management, Nvidia, Microsoft, Dell Technologies Locations: Norwegian, U.S, NextDecade's Rio
Read previewWelcome to People's Exhibit 35, the single most important piece of evidence in the Donald Trump hush-money trial. People's 35 is the fulcrum for the entire case. What People's 35 does not have is Trump's fingerprints, a point that the defense is sure to press during closing arguments next week. AdvertisementProsecutors allege that Trump's payments to Cohen were falsified to conceal hush money paid to adult film star Stormy Daniels. "Yes," Cohen answered, as Trump watched from the defense table"And what, if anything, did Mr. Trump say at the time?"
Persons: , Donald Trump, Trump, Michael Cohen, Cohen, Stormy Daniels, we'll, Allen Weisselberg, Weisselberg, Cohen —, Reince, Jon Elswick, Susan Hoffinger, Daniels, Hoffinger, Todd Blanche, — Cohen, Keith Davidson, Davidson, Karen McDougal, Playboy Bunny, Trump's, Melania Trump, peddled, Charlie Sheen, Hulk Hogan, Lindsay Lohan, Tila, RedFinch, That's Allen Weisselberg's, Allen, — it's, Trump —, Mary Altaffer Organizations: Service, Business, Attorney's, Trump Organization, Trump, Prosecutors, AP, Manhattan, BI Prosecutors, Essential, Consultants, Tahoe, National Enquirer, RedFinch Solutions, RedFinch, People's, frick Locations: Manhattan, Virginia
Winning in China's electric car market is no longer just about having the cheapest price. Despite new U.S. tariffs , the Chinese electric car industry is already moving into a new phase of competition no longer centered on sticker prices alone, many in the industry say. Hong Kong-listed Fuyao, a major supplier of glass for cars, is one of JPMorgan's top picks to take advantage of China's growing electric car market. The Shenzhen-listed Chinese battery giant, Contemporary Amperex Technology , is one of JPMorgan's top Chinese electric car supply chain plays. Last week, Chinese electric car company Nio released a new car in a lower-priced range of just over 200,000 yuan.
Persons: Stephen Dyer, AlixPartners, BYD, Xiaomi, Tesla, Nio, William Li, — CNBC's Michael Bloom Organizations: JPMorgan, Greater, Greater China Business, Amperex, Li Auto, Tesla Locations: Hong Kong, China, Greater China, Asia, Beijing, Shenzhen
Read previewOn Tuesday, members of Target's LGBTQ+ employee resource group logged on for a much-anticipated virtual meeting to preview the 2024 Pride collection, two council members told Business Insider. Last year, Pride products had already been on sale online for weeks by mid-May, and each of the retailer's nearly 2,000 US stores was busy setting up displays near their front entrances. But late last May, conservative protesters took aim at Target's Pride collection, falsely claiming the merchandise was "Satanic" and sexualized minors. However, the two Pride Council members and multiple LGBTQ+ vendors who worked on past Pride collections told BI they feel the company hasn't done enough to rebuild its relationship with its LGBTQ+ partners over the past year. AdvertisementOne of the employees involved in the Pride Council told BI that a lot of LGBTQ+ people, herself included, joined Target specifically because of its stated support for trans and queer rights.
Persons: , Brand Management Carlos Saavedra, Eager, Dominick Reuter, Erik Carnell, hasn't, Hayley Marzullo, Marzullo, Leslie Garrard, Garrard Organizations: Service, Business, Brand Management, Pride +, Council, Target, Pride Council, Christian Right, BI Locations:
Keep reading to learn how to watch the PGA Championship live streams, including cable and recap options. 2023 PGA Championship winner Brooks Koepka is also participating in the competition this year, along with Tiger Woods, Rory McIlroy, and others. Keep reading to learn your watch options for the PGA Championship as it heads into the weekend for Rounds 3 and 4. How to watch the PGA Championship in the USOver the weekend, coverage will be split among three channels/streamers. Shop at Peacock TVHow to watch the PGA Championship in the UKSky Sports is the British home to PGA Championship live streams.
Persons: Scottie Scheffler, Scheffler, Brooks Koepka, Tiger Woods, Rory McIlroy, There's, Peacock, VPNs, ExpressVPN Organizations: Business, America, PGA, ESPN, CBS, Paramount, Showtime, Paramount Plus, Nickelodeon, Comedy Central, BET, MTV, Paramount ESPN, Hulu, Disney Plus, ESPN Sling, Sling, Sky Sports Locations: Valhalla, British
You won't want to miss this one, and we can show you how to watch the Preakness Stakes live stream for free, no matter what country you're in right now. In the US, you'll find the main Preakness Stakes race on live TV via NBC (earlier footage pre-4:30 p.m. is on CNBC). How to watch the Preakness Stakes in the USPreakness Stakes coverage falls under the NBCUniversal umbrella in the US. Shop at Peacock TVHow to watch the Preakness Stakes in the UKThe Preakness Stakes will air on Sky Sports in the UK. How to watch the Preakness Stakes in IrelandIn Ireland, the Preakness Stakes will stream through Virgin Media 2.
Persons: Dan, you'll, we've, Peacock, ExpressVPN Organizations: Business, Kentucky Derby, Triple Crown, NBC, CNBC, Irish, USA Network, Sky Sports, Virgin Media Locations: Churchill, Ireland
We'll show you everything you need to know about where to watch Giro d'Italia live streams, including free options that will also work for this summer's Tour de France. ET / 11:20 a.m. BST / 6:20 p.m. AWSTWhere to watch Giro d'Italia in the USMax is the US streaming home of Giro d'Italia races in 2024. Shop at MaxWhere to watch Giro d'Italia in the UKDiscovery+ will show the 2024 Giro d'Italia races in the UK. Where to watch Giro d'Italia in ItalyRai Sport will carry live streams for every stage of this year's Giro d'Italia for fans in Italy. Where to watch Giro d'Italia in AustraliaGiro d'Italia will stream on SBS in Australia.
Persons: Primož, Castiglione, Santa, Val Gardena, Christina, Max, they'll, HBO Max, it's, ExpressVPN Organizations: Business, de France, Tour de France, SBS, RAI, del Garda, Giro, HBO, Warner Bros, Italy Rai Sport Locations: Italy, Australia, ExpressVPN, del, St, Gröden, Monte Pana, Australian
Berkshire Hathaway is sitting on a record pile of cash at $189 billion. Putting Berkshire's cash pile into perspectiveInstead of measuring Berkshire Hathaway's cash position on an absolute basis, investors are better off measuring the cash pile as a percentage of Berkshire's total assets, according to Bloomstran. Berkshire Hathaway's $189 billion cash is actually at a pretty normalized level, and well below its peak of nearly 40% in 2004. At the time, the S&P 500 was trading near record highs, Apple was the biggest company in the world, and Berkshire Hathaway's absolute cash pile was at a record. with regards to Berkshire's cash pile at this year's annual shareholder meeting, the legendary investor responded:Advertisement"We only swing at pitches we like."
Persons: Berkshire Hathaway, Chris Bloomstran, , Warren Buffett, Buffett, couldn't, Semper Augustus, Bloomstran, Berkshire Hathaway's, there's, Apple, He's, shouldn't Organizations: Service, Berkshire, Business, Berkshire Hathaway's, Apple Locations: Berkshire, That's
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