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☆ The geopolitical risk premium isn't favorable for Iran, says Again Capital's John Kilduff
▼ + stars: | 2024-10-01 | 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 EmailThe geopolitical risk premium isn't favorable for Iran, says Again Capital's John KilduffCNBC's Pippa Stevens and Again Capital's John Kilduff, join 'Power Lunch' to discuss oil prices and futures and what the geopolitical tension in Israel impact may be.

Persons: Capital's John Kilduff CNBC's Pippa Stevens, John Kilduff Locations: Iran, Israel

☆ LiquidStack helps data centers cut energy and water use. Check out the 13-slide deck it used to raise $20 million from Tiger Global.
▼ + stars: | 2024-10-01 | by ( Riddhi Kanetkar | ) www.businessinsider.com time to read: +2 min

LiquidStack has secured a $20 million Series B extension from Tiger Global. The startup has launched various cooling technologies for data centers. AdvertisementLiquidStack, a Texas-based startup developing technologies to cool down data centers, has secured a $20 million Series B extension from investment firm Tiger Global. LiquidStack has also launched a two-phase immersion cooling unit to reduce energy in high-density server environments. The $20 million Series B extension, led by US-based investment firm Tiger Global, brings the total Series B round to $35 million.

Persons: LiquidStack, —, Joe Capes, PitchBook Organizations: Tiger Global, Service, US, Trane Technologies Locations: Texas

☆ If you invest in communism in the long run, you'll lose every time: Hayman Capital's Kyle Bass
▼ + stars: | 2024-10-01 | 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 EmailIf you invest in communism in the long run, you'll lose every time: Hayman Capital's Kyle BassKyle Bass, Hayman Capital Management founder and CIO, joins 'Squawk Box' to discuss the China's historic stock rally, impact of China's economic stimulus, why he believes it's a mistake to invest in China in the long run, and more.

Persons: you'll, Hayman Capital's Kyle Bass Kyle Bass, it's Organizations: Hayman Capital Management Locations: China

☆ China likely to hit its GDP target of around 5% but not much higher: China Beige Book International
▼ + stars: | 2024-10-01 | 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 EmailChina likely to hit its GDP target of around 5% but not much higher: China Beige Book InternationalShehzad Qazi, China Beige Book International's chief operation officer, says China's economy needs to transition structurally from being a manufacturing-led one to a consumption-led one.

Persons: Shehzad Qazi Organizations: China Locations: China

☆ Where the charts indicate gold is headed next as it rallies on escalating geopolitical tensions
▼ + stars: | 2024-10-01 | by ( Todd Gordon | ) www.cnbc.com time to read: +4 min

Before we get started, it's important to point out that I believe that broader equity markets remain in a secular bull market with global central banks' easing monetary policy amid a backdrop of a boom in artificial intelligence that carries equity markets significantly higher in coming quarters. But the key in my opinion was that real interest rates were going higher. The way I'm defining 'real interest rates' is the prevailing nominal yield on a bond, the 10-year Treasury in this example, adjusted by the expected 10-year inflation level. Put simply, real interest rates are how much you actually earn on a fixed income investment after adjusting for inflation. So my outlook is that gold will continue to rally alongside equity markets.

Persons: let's, Todd Gordon, Gordon, HMY Organizations: Harmony, Equity, Treasury, Stock, Edge, Inside Edge, CNBC, NBC UNIVERSAL Locations: South

☆ Tonight's vice presidential debate matters a lot more this time around
▼ + stars: | 2024-10-01 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +7 min

In today's big story, what you need to know about tonight's vice presidential debate , and why it's worth paying attention to. The big storyUp for debateDrew Hallowell/Getty Images; Andrew Harnik/Getty Images; Brandon Bell/Getty Images; Rebecca Zisser/BIOhio Sen. JD Vance and Minnesota Gov. ET for an uncharacteristically important vice presidential debate , write Business Insider's Brent D. Griffiths and John L. Dorman. Thanks to a hot streak at Miu Miu, Prada has done what few luxury retailers have been able to do this year: grow. In short, it doesn't get trendier than Miu Miu — and trendy is good for business.

Persons: —, Drew Hallowell, Andrew Harnik, Brandon Bell, Rebecca Zisser, JD Vance, Tim Walz, Insider's Brent D, Griffiths, John L, Dorman, Donald Trump, Kamala Harris aren't, Vance, Walz, hasn't, Brent, Trump's, There's, Harris, Joe Biden's, Matt Stroshane, Tyler Le, Blackstone, Getty, Justin Sullivan, Nvidia's, Jensen, Mira Murati, Natalie Ammari, That's, Miu Miu, Prada, Jimmy Carter, Mark Rutte, Jens Stoltenberg, Claudia Sheinbaum, Elliott Hill, Mike Johnson, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, Milan Sehmbi, Amanda Yen Organizations: Business, Service, Microsoft, Getty, Ohio Sen, Minnesota Gov, CBS, Netflix, Republican, UBS, Venture, Murati, Consulting, Nike, NYSE Locations: Minnesota, Silicon, New York, London

Beloved finger-wagging Hall of Fame center Dikembe Mutombo, one of basketball's most feared shot blockers, died of brain cancer, the NBA announced on Monday. Dikembe Mutombo playing for the Georgetown Hoyas in Landover, Md., on Jan. 1, 1991. The future Hall of Fame coach, who developed future NBA big man Patrick Ewing and had Alonzo Mourning on campus, convinced Mutombo to turn his attention to the hardwood. Mutombo parlayed his Georgetown play into becoming the fourth overall pick of the Denver Nuggets in the 1991 NBA Draft. "Other than what he has accomplished on the basketball court, I think he was even better off the court."

Persons: Mutombo, Dikembe, Mitchell Layton, Marie Mutombo, ”, Adam Silver, Silver, Mukamba Jean Jacques Wamutombo, John Thompson, Patrick Ewing, Alonzo Mourning, parlayed, Allen Iverson, Kobe Bryant, Shaquille O’Neal, Joel Embiid Organizations: of Fame, NBA, Georgetown Hoyas, Getty, Democratic, NBC News, Georgetown University, Georgetown, Denver Nuggets, Big East Conference, Philadelphia 76ers, Los Angeles Lakers, Kobe, 76ers Locations: Denver , Atlanta, Philadelphia , New Jersey , New York, Houston, Landover, Md, Democratic Republic of Congo, Kinshasa, Cameroon

Meanwhile in southern Lebanon, an Israeli official told NBC News that Israeli forces had begun launching small special forces operations ahead of a potential ground offensive. People gather outside an apartment building hit by an Israeli strike in Beirut's Cola district on Monday. Thousands of families in southern Lebanon have also been displaced from their homes over the past year due to the cross-border attacks. Families rest on Beirut's corniche after fleeing the Israeli airstrikes in Beirut's southern suburb, Lebanon, on Monday. 'No safe place'Kaisi, the executive director of URDA, said humanitarian workers were "shocked" by the strike in Cola.

Persons: Israel, Kaisi, Fadel Itani, Hassan Nasrallah, Najib Mikati, Beirut's, Hassan Ammar, Fatima, I'm, Nayef Fouani, URDA, Charlotte Gardiner, Israel’s, ” Organizations: Union of Relief, Development Association, NBC News, Popular Front, Liberation, Residents, Getty, Israel, Hezbollah, Lebanon's, NBC, IDF Locations: BEIRUT, Lebanon, Beirut, Israel, Palestinian, Palestine, Lebanese, Washington, Beirut's Cola, AFP, Iran, Gaza, Beirut's, Cola, Saida, Sidon

☆ China market investors adopting 'Buy First Think Later' approach: Wealth manager
▼ + stars: | 2024-09-30 | 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 EmailChina market investors adopting 'Buy First Think Later' approach: Wealth managerMagellan Capital's Britney Lam explains why she remains bullish on the Chinese market, and where she's still hoping to see more gains come through.

Persons: Magellan, Britney Lam, she's Organizations: China

☆ 46-year-old sold a business for $3.7 billion—and immediately regretted it: That was my 'saddest day'
▼ + stars: | 2024-09-30 | by ( Tom Huddleston Jr. | ) www.cnbc.com time to read: +7 min

The deal made hundreds of the startup's employees, Bansal included, instantly wealthy. But what should have been a joyous moment became Bansal's "saddest day," he tells CNBC Make It. He built AppDynamics around the biggest problems he faced as an engineer, creating tools for troubleshooting outages and other software applications flaws. After six months of traveling the world, Bansal launched a San Francisco-based startup called Harness, which also makes tools for software developers. It was most recently valued at $3.7 billion in 2022, according to the company, the same amount AppDynamics sold for.

Persons: Jyoti Bansal, Bansal, AppDynamics, hadn't, could've, —, You've, It's Organizations: CNBC, Cisco, Harness Locations: India, San Francisco, Machu, Africa, Norway

☆ Using options to bet on a comeback in the athleisure stocks
▼ + stars: | 2024-09-30 | by ( Michael Khouw | ) www.cnbc.com time to read: +5 min

Nike (NKE) and Lululemon (LULU) are two of the most well-known athleisure stocks. NKE YTD mountain Nike, year-to-date The tricky bit is that the promise of that strategic shift will not be reflected in the company's trailing results when they report this week. Buy NKE March 21 $90 call Sell Oct. 18 $95 call Why did I also include Lululemon, another athleisure laggard, in this? Unlike Nike, Lululemon is still growing, albeit slower than it had been previously. LULU YTD mountain Lululemon, Year-to-date However, Lulu is now trading about 20 times forward earnings estimates, a significantly lower multiple than Nike, trading at 26 times forward profits.

Persons: LULU, Lulu, Elliott Hill, John Donahue, Donahoe Organizations: Nike, Nike flatlined, CNBC, NBC UNIVERSAL Locations: Swiss, LULU

☆ 5 titans of French luxury grew $50 billion richer in a week — and are now worth more than Costco
▼ + stars: | 2024-09-30 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +4 min

Five French luxury icons grew $50 billion richer last week on the back of China's stimulus plans. AdvertisementFive titans of French fashion and beauty added a full $50 billion to their fortunes last week, boosting their combined wealth to more than $420 billion. Julien Hekimian/Getty ImagesKering founder François Pinault's net worth rose by $2.3 billion to $25.6 billion last week, placing him 78th on the list. Arnault was worth $24 billion more at $231 billion in March, which made him the world's wealthiest person at the time. Bettencourt Meyers was $7.5 billion richer at $101 billion in June, while the Chanel siblings were each worth about $6.4 billion more at roughly $55 billion around the same time.

Persons: LVMH's Arnault, Chanel, —, stoked, Bernard Arnault, Louis Vuitton, Larry Ellison, Mark Zuckerberg, Françoise Bettencourt Meyers, L'Oréal's, Alice Walton, Francois Guillot, Alain, Gerard Wertheimer, Coco Chanel, Chanel's cofounders, Julien Hekimian, François, Balenciaga, Yves Saint Laurent, Kering, Francois, Henri Pinault, Salma Hayek, MICHAEL TRAN, Rodolphe Saadé, Arnault, haven't, Pinault, Bettencourt Meyers Organizations: Service, Tiffany, Bloomberg, Walmart, Getty, Gucci, CMA CGM, Procter & Gamble, Home, Costco Locations: China, Sephora, AFP

☆ Levels to watch on the Nvidia chart from Katie Stockton after a poor third quarter for AI leader
▼ + stars: | 2024-09-30 | by ( Katie Stockton | ) www.cnbc.com time to read: +8 min

—Katie Stockton with Will Tamplin Access research from Fairlead Strategies for free here . Fairlead Strategies Disclaimer: This communication has been prepared by Fairlead Strategies LLC ("Fairlead Strategies") for informational purposes only. Securities, investment products, other financial products or strategies discussed herein may not be suitable for all investors. The recipient of this information must make its own independent decisions regarding any securities, investment products or other financial products mentioned herein. This material is not to be reproduced or redistributed absent the written consent of Fairlead Strategies.

Persons: Katie Stockton Organizations: Nvidia, CNBC, NBC UNIVERSAL, Fairlead, CNBC Pro, Securities Locations: NVDA

☆ Nepal rains: Rescuers use zip lines and boats to reach survivors as flooding and landslides kill nearly 200 people
▼ + stars: | 2024-09-30 | by ( Helen Regan | ) edition.cnn.com time to read: +5 min

CNN —Days of heavy monsoon rains in Nepal have triggered widespread flooding and landslides across the Himalayan nation, killing almost 200 people and causing widespread destruction. Nepal's Armed Police Force rescues stranded people using a zip line from a flooded river in Lalitpur, Nepal, on September 28, 2024. Sunil Pradhan/Anadolu/Getty ImagesNepal Army personnel evacuates an infant using a kayak from a flooded residential area in Kathmandu, Nepal, on September 28, 2024. Prakash Mathema/AFP/Getty ImagesA woman carrying a chair walks along a muddy street that was flooded by the overflowing Bagmati River following heavy rains in Kathmandu, Nepal, on September 29, 2024. Navesh Chitrakar/ReutersA man cleans mud from his house in a flood-affected area following heavy monsoon rains in Kathmandu on September 29, 2024.

Persons: Subaas Shrestha, Sunil Pradhan, Dil Kumar Tamang, Navesh Chitrakar, Ellie Wirth, “ I’ve, ”, Arun Bhakta Shrestha, Prakash Mathema Organizations: CNN, Nepal's Armed Police Force, Anadolu, Getty Images Nepal Army, Nepal Armed Police Force, Nepal’s Ministry of Home Affairs, Reuters, Nepal Police, Associated Press, International Centre, Integrated Mountain Development, Getty Locations: Nepal, Kathmandu, Lalitpur, Dhading, Bhimeshwor, Dolakha, Pokhara, “, Katmandu, AFP, South Asia, Asia

Israel’s killing of Hezbollah’s longtime leader has driven home how Prime Minister Benjamin Netanyahu has set the agenda in the Middle East in recent months, with a frustrated Biden White House unable to shape events or defuse a spreading conflict in the region. Officials in the Biden administration felt blindsided by the Israeli air strikes Friday in southern Beirut that killed Hassan Nasrallah, and other senior Hezbollah figures, current and former officials say. Follow live updates hereThe Biden administration was so confident in the proposal's success that a senior administration official briefing reporters after its public debut suggested both parties' agreement was a foregone conclusion. American and European officials believed they were moving closer to a possible deal, but then came the television images of a massive plume of smoke rising over southern Beirut. President Joe Biden, Pentagon senior leaders and other senior officials across the administration were infuriated by the timing of the Israeli government operation, U.S. officials said.

Persons: Hezbollah’s, Benjamin Netanyahu, Biden, Hassan Nasrallah, Antony Blinken, Joe Biden, Israel’s, Nasrallah, “, Blinken, Israel Organizations: Biden, General Assembly, Pentagon Locations: Beirut, New York, Israel, U.S, Lebanon, United States, Gaza

☆ These 2 market indicators with perfect track records since 1984 are flashing a Harris presidency — but they could be wrong this time
▼ + stars: | 2024-09-29 | by ( Christine Ji | ) www.businessinsider.com time to read: +5 min

The S&P 500's positive performance this year means that a Harris victory is likely, history says. The S&P 500 has gained 10% since August 5, and if it keeps going up, a Harris victory seems imminent. Likewise, the so-called Misery Index is flashing a Harris victory. If the stock market declines, the outlook for a Harris victory could quickly sour. While these indicators might be flashing a Harris victory for now, nothing's set in stone leading up to this election.

Persons: Harris, —, LPL, Adam Turnquist, Turnquist, it's, Jerome Powell, Lynch, nothing's Organizations: Service, Comerica Wealth Management, Federal

☆ The No. 1 misconception most people have about feeling rich—and how to combat it, from a financial psychologist
▼ + stars: | 2024-09-29 | by ( Cheyenne Devon | ) www.cnbc.com time to read: +1 min

Many Americans believe they need to earn a certain dollar amount to feel rich. But even if they hit that goal or surpass it, they may be disappointed to find out they still don't feel satisfied with their finances, says Charles Chaffin, co-founder of the Financial Psychology Institute and a professor at Iowa State University. "The misconception is that there's an actual number and when people hit that number, they'll suddenly feel wealthy," he tells CNBC Make It. In fact, even millionaires don't always feel well off financially, according to recent data from Northwestern Mutual's 2024 Planning & Progress study. Here's one reason why that happens and what to focus on instead to feel more satisfied with your money, according to Chaffin.

Persons: Charles Chaffin, they'll Organizations: Financial Psychology Institute, Iowa State University, CNBC Locations: Northwestern, Chaffin

☆ Trump Media stock is down 70% since going public. One expert says its $3 billion valuation is still 'unjustifiable.'
▼ + stars: | 2024-09-29 | by ( Matthew Fox | ) www.businessinsider.com time to read: +2 min

Trump Media shares have plunged 70% since going public in March. AdvertisementShares of Trump Media have plunged 70% since the company went public in March. Even after that sell-off, it's carrying a market value of roughly $3 billion, a figure one expert says is still too high. AdvertisementIn addition to the eye-watering valuation, Woods said Truth Social's growth has limited upside due to its political nature. Another lingering issue weighing down Truth Social stock is Trump's increasingly frequent use of its biggest competitor, X, formerly known as Twitter.

Persons: —, Jay Woods, Woods, There's, Trump, he's Organizations: Trump Media, Service, Bloomberg, Freedom Capital Markets, United Atlantic Ventures

☆ Why it's time to take warnings about using public Wi-Fi, in places like airports, seriously
▼ + stars: | 2024-09-29 | by ( Kevin Williams | ) www.cnbc.com time to read: +8 min

Over the years, travelers have repeatedly been warned to avoid public Wi-Fi in places like airports and coffee shops. Airport Wi-Fi, in particular, is known to be a hacker honeypot, due to what is typically relatively lax security. He allegedly set up a fake Wi-Fi network to steal email or social media credentials. How to avoid becoming a victim of this cybercrimeWhen in public places, experts say it's best to use alternatives to public WiFi networks. Alcorn says evil twin attacks are "definitely" occurring with regularity in the United States, it's just rare for someone to get caught because they are such stealth attacks.

Persons: Matt Radolec, Radolec, Today's, Brian Alcorn, you've, Alcorn, Brian Callahan, Callahan, Boingo, Aaron Walton Organizations: Rensselaer Polytechnic Institute, Dallas Fort Worth International, City, Boingo, Australian Federal Police, AFP Locations: Australia, United States, Australian, Perth , Melbourne, Adelaide, Cincinnati, Rensselaer, City of Dallas, North America

☆ NATO is planning for mass medical evacuations in case of a war with Russia: report
▼ + stars: | 2024-09-28 | by ( Rebecca Rommen | ) www.businessinsider.com time to read: +4 min

NATO is planning for the mass transport of wounded troops in case of a war with Russia. NATO could use hospital trains and buses to move injured troops in such an event, a German general told Reuters. The general's comments come amid increasing tension between NATO and Russia. AdvertisementNATO is developing plans to manage the evacuation of large numbers of wounded troops in case of a war with Russia, a senior military officer told Reuters. Germany's defense minister, Boris Pistorius, said in an interview published in January that Russia could attack NATO within the next decade.

Persons: —, General Alexander Sollfrank, Sollfrank, Vladimir Putin, Volodymyr Zelenskyy, Putin, Vyacheslav Volodin, Volodin, Boris Pistorius, Pistorius, Der Tagesspiegel Organizations: NATO, Reuters, Service, Command, British Storm Shadow, New York Times, Russia's Duma, Business Locations: Russia, Western, warzones, Afghanistan, Iraq, Russian, Moscow, United States

☆ Patients and staff were stranded at a flooded Tennessee hospital
▼ + stars: | 2024-09-27 | by ( Deon J. Hampton | Deon J. Hampton Is A National Reporter For Nbc News. | ) www.nbcnews.com time to read: +2 min

More than 50 people were stranded Friday at an eastern Tennessee hospital due to fast-rising water and high winds, after several attempts to airlift them failed during a dangerous rescue operation, Ballad Health officials said. The high winds and water levels prevented helicopter crews from airlifting patients and staff from Unicoi County Hospital in Erwin, Tennessee, hospital officials said. “The situation at the hospital is very dangerous,” Ballad Health said on X, adding the Tennessee Emergency Management Agency and National Guard were engaged “in what can only be described as a dangerous rescue operation.”Patients and staff members are evacuated from Unicoi County Hospital on Friday. County leaders in Unicoi initially deployed ambulances but unusually high flooding prevented medics from safely approaching, Ballad Health said. The Tennessee Emergency Management Agency has been working with local emergency management agencies to deploy boats for hospital evacuations, but water surrounding and entering the building became dangerous and impassable.

Persons: Regan Tilson, “ We’ve, ”, Patrick Sheehan, Hurricane Helene Organizations: Health, Tennessee Emergency Management Agency, National Guard, Erwin, TEMA, Virginia State Police, Emergency Management Agency Locations: Tennessee, Unicoi, Erwin , Tennessee, Georgia

☆ OpenAI execs were reportedly worried the company could collapse when Ilya Sutskever left — and tried to woo him back
▼ + stars: | 2024-09-27 | by ( Ana Altchek | ) www.businessinsider.com time to read: +6 min

A new WSJ report sheds light on the internal tensions at OpenAI amid CTO Mira Murati's exit. The report said execs worried the company could collapse when cofounder Ilya Sutskever left in May. AdvertisementQuestions are swirling about what exactly has been going on at OpenAI amid a string of high-profile executive departures including former CTO Mira Murati. AdvertisementIt also reveals that executives worried about a potential collapse after OpenAI cofounder Ilya Sutskever left in May, and their attempts to woo the AI researcher back before reconsidering the offer. However, the Journal's reporting offers some fresh details about Murati's involvement as CTO amid the crunch to ready and ship new products.

Persons: Mira Murati's, execs, Ilya Sutskever, —, Mira Murati, Sam Altman, Murati's, Sutskever, Altman, hadn't, Jan Leike, Greg Brockman, Brockman, Murati, Sarah Friar Organizations: Service, Wall, Business, CNBC

☆ OpenAI execs were reportedly worried the company could collapse when Ilya Sutsveker left — and tried to woo him back
▼ + stars: | 2024-09-27 | by ( Ana Altchek | ) www.businessinsider.com time to read: +6 min

☆ Morgan Stanley's shopping list for commodity stocks to get a boost from China stimulus
▼ + stars: | 2024-09-27 | by ( Samantha Subin | ) www.cnbc.com time to read: +2 min

These commodity stocks could win big as China moves to boost its struggling real estate sector and economy, according to Morgan Stanley. Morgan Stanley's team believe these measures display a heightened "sense of urgency" and signal that China is "taking deflation seriously." Against this backdrop, the firm sees a positive setup for metals and mining stocks that have underperformed the S & P 500 by 25 percentage points since May. Here are some of the names that could benefit from China's stimulus: Within the mining sector, Morgan Stanley names Freeport-McMoRan and Alcoa among its top picks, with shares up about 22% and 17%, respectively, this year. Analysts view U.S. Steel as one of the biggest beneficiaries from a China stimulus along with shares of Nucor .

Persons: Morgan Stanley, Morgan Stanley's, Stephen Cheung, Carlos De Alba, Biden Organizations: Alcoa, Vale SA, Steel, . Steel, Japan's Nippon Steel, NBC Locations: China, Freeport, McMoRan, Indonesia, Nucor .

☆ 900 workers will share a $75 million pot after KKR sale — with some getting $325,000 windfalls
▼ + stars: | 2024-09-27 | by ( Nora Redmond | ) www.businessinsider.com time to read: +2 min

GeoStabilization International will share a $75 million pot with workers following its sale by KKR. About 900 staff will get payments of up to $325,000 following the sale. A KKR executive promotes Ownership Works, which calls for workers to get stakes in their companies. It will share $75 million of the proceeds with about 900 staff, mainly construction workers, at the geohazard mitigation and road safety services provider, KKR said. In April 2022, he launched Ownership Works , a nonprofit that promotes giving workers a stake in the businesses they work for.

Persons: —, Leonard Green, GeoStabilization, Pete Stavros, Stavros Organizations: KKR, Service, Leonard Green & Partners

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