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A major Trump Media shareholder has sold nearly all of its company shares, an SEC filing showed. It's the first known sale of Trump Media shares following a September 19 lock-up expiry. AdvertisementTrump Media shareholder United Atlantic Ventures has sold nearly all of its stake in the company, amounting to nearly 11 million shares. The sale is the first known case of company insiders ditching Trump Media shares now that restrictions have expired. AdvertisementGiven how volatile the Trump Media stock is, UAV may have received anywhere between $128 million and $170 million for its sale.
Persons: , Andrew Litinsky, Wes Moss, Donald Trump's, Moss, Trump, DJT Organizations: Trump Media, SEC, United Atlantic Ventures, Service, Social, UAV, Trump
CNBC Daily Open: A high of all-time highs
  + stars: | 2024-09-27 | by ( Yeo Boon Ping | ) www.cnbc.com   time to read: +2 min
This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. All-time high, againMajor U.S. indexes rose on Thursday, with the S&P 500 notching a fresh closing high. When the U.S. Federal Reserve cut interest rates last week, it's not unreasonable to expect Treasury yields to dip. But 55% of respondents think Trump will be better for the economy and on inflation.
Persons: Europe's, it's, they've, Jeff Cox, Sam Altman, Bret Taylor, Harris, Kamala Harris, Donald Trump, Trump Organizations: CNBC, Major, Micron, Swiss National Bank, Treasury, U.S . Federal Reserve, Altman, U.S Locations: Major U.S, China
Vista Energy is well positioned for more growth ahead, according to UBS. The investment bank upgraded its rating on the stock to buy from neutral and increased its price target by $5 to $60, which implies nearly 32% upside from Thursday's close. VIST YTD mountain VIST, year-to-date This year, shares have soared, rising more than 54%. Yet, Vasconcellos believes the market is undervaluing Vista's production potential. Of the nine analysts covering the stock, seven have issued buy or strong buy ratings, LSEG data shows.
Persons: Tasso Vasconcellos, Brent, Vasconcellos Organizations: Vista Energy, UBS, SLB, Nabors Industries Locations: Argentina's Vaca
Hurricane Helene’s powerful storm surge flooded streets in coastal areas like St. Pete Beach. Vehicles drive along a flooded road as Hurricane Helene makes landfall in St. Pete Beach, Florida. Joe Raedle/Getty ImagesAt least one person was killed in Tampa after a sign fell on their car, Gov. "We know that travel on the roads can be hazardous, and we typically, unfortunately, will have fatalities in every storm from that," said Gov. "When Floridians wake up tomorrow morning, we're going to be waking up to a state where very likely there's been additional loss of life."
Persons: Pete Beach, Pete, Joe Raedle, DeSantis Organizations: Florida . Vehicles Locations: Florida, Hurricane, St, Pete Beach , Florida, Tampa
CNN —Sean “Diddy” Combs has been accused of drugging and sexually assaulting a woman in another civil lawsuit, marking at least the 12th misconduct lawsuit he’s faced in as many months. “At every visit, Defendant Combs would make her ‘perform a show’ for him and would ply her with alcohol and substances until she passed out,” the suit states. In July 2024, according to the complaint, Combs “commanded” Jane Doe to his home in Miami, Florida, and “shoved two pills in Jane Doe’s mouth” upon her arrival. The complaint states Doe feared for her safety after witnessing Combs physically abuse other women. Combs has been accused in about a dozen civil lawsuits of alleged sexual misconduct and other illegal activity.
Persons: Sean “ Diddy ” Combs, drugging, he’s, Jane Doe, Combs, , ” Combs “, Doe “, Doe, Combs “, ” Jane Doe, Jane Doe’s, , John, ” Marie Napoli, Joseph L, Ciaccio, Sean ‘ Diddy ’ Combs Organizations: CNN Locations: New York, Miami , Florida
The social-media giant held its big Meta Connect conference in Silicon Valley this week. Mark Zuckerberg is spending heavily on AI and AR technology. That effort continued into 2024 as the Meta CEO whittled down VP ranks and took more cost-cutting steps. Tech reporter Pranav Dixit attended and noticed that the WiFi password for the event was "effici3ncy." A post on Threads Pranav Dixit/ThreadsDixit posted about this on Threads and Zuckerberg liked the post.
Persons: Mark Zuckerberg, , Mark Zuckerberg's, bender, Zuckerberg, Pranav Dixit, Dixit, Mark Zuckerberg Pranav Dixit, Meta, didn't Organizations: Meta, Service, OpenAI, Microsoft, Google, Meta Connect, Silicon Valley . Tech Locations: Silicon, Silicon Valley
The Women's National Basketball Association's viewership and attendance boomed during the 2024 season, as the league's popularity soared due to young stars like Caitlin Clark and Angel Reese. The league's games drew more than 54 million unique viewers, an all-time record, across various networks including Disney 's ABC and ESPN, Paramount Global' s CBS, E.W. Scripps' Ion and NBA TV, among others, according to data the WNBA released on Friday. In addition, WNBA game attendance hit its highest level in 22 years, and grew almost 50% from the 2023 season, according to the league. Asked about the dynamic on CNBC earlier this month, WNBA Commissioner Cathy Engelbert did not explicitly condemn the vitriol toward players, sparking criticism from around the league.
Persons: Caitlin Clark, Destanni Henderson, Angel Reese, Scripps, Ion, Clark, Reese, Cathy Engelbert Organizations: Indiana, Atlanta, WNBA, Gainbridge Fieldhouse, Disney, ABC, ESPN, Paramount, CBS, E.W, NBA, Indiana Fever, Chicago Sky, Las Vegas Aces, CNBC Locations: Gainbridge, Indianapolis , Indiana, Portland
In her three years as a dating coach Kelsey Wonderlin has learned that the majority of the 200 people she's counseled care about how much their potential mate earns. Evaluating a person based on their salary might seem shallow, but how someone spends their money can be a bellwether of their priorities. However, outright asking how much a person makes on a first date is not the right way, or the right time, to figure out if you two align on how you handle money. "On a first date that would be a socially unacceptable question to ask," Wonderlin says. "It's an unrealistic viewpoint that if someone makes this certain number everything will be great," Wonderlin says.
Persons: Kelsey Wonderlin, she's, Wonderlin
CNN —An 18-year-old has filed a lawsuit over the ownership of the ball Shohei Ohtani made baseball history with when he became the inaugural member of the 50-50 club. The ball had been put up for auction by auctioneers Goldin, with bids starting at $500,000 and collectors able to purchase it privately outright for $4.5 million. Both Belanski and Kelvin Ramirez indicated on social media that they intended to sell the ball, per the filing. In December 2002, a San Francisco judge ordered the two men to sell the ball and split the proceeds. The ball was eventually sold to comic book creator and producer Todd McFarlane who paid $450,000 for it.
Persons: Ohtani, auctioneers Goldin, Max Matus, Chris Belanski –, Goldin, Kelvin Ramirez, Matus, Max’s, Belanski, , ” John Uustal, it’s, Max, , Ramirez, Barry Bonds, Alex Popov, Patrick Hayashi, Hayashi, Todd McFarlane Organizations: CNN, Los Angeles Dodgers, Miami Marlins, Dodgers, Marlins, ” CNN Locations: Florida’s, Belanski’s, Matus, San Francisco
The ridehailing company will now deliver costumes, makeup, and even decorations from Spirit Halloween, the largest Halloween retailer in North America, Uber announced in a press release Friday. Big-box retailers are getting into Halloween earlier and earlier, suggesting American consumers continue spending on the October holiday even as they pull back from other discretionary purchases. Customers in the US and Canada can buy their Chipotle burrito costume for the same price as in store, but without having to visit the seasonal Halloween store that pops up in abandoned storefronts every year, Uber said. Of course, there will still be the fees associated with Uber Eats delivery. Uber Eats has also partnered with Big Lots, Lowe’s, Michael’s and Party City for on-demand delivery.
Persons: New York CNN — Uber, Uber, , Beryl Sanders Organizations: New, New York CNN, Uber, Party City Locations: New York, North America, Canada, Olive, Michael’s
The combination of Dish and DirecTV has been rumored for years and nearly happened in 2002 until it collapsed under regulatory pressure. The prospect of a future EchoStar bankruptcy and deal approval from creditors make the completion of a deal complicated. EchoStar has a total enterprise value of about $31 billion and a market capitalization of about $7.6 billion. Dish ended its last quarter with 6.1 million satellite subscribers and 2 million customers for Sling TV, Dish's over-the-internet package of linear networks. DirecTV has also felt the pain, losing millions of subscribers since AT&T bought the company in 2015 for $67 billion with debt.
Persons: Charlie Ergen, EchoStar, MoffettNathanson's Craig Moffett, — CNBC's Lillian Rizzo Organizations: Dish Network, DirecTV, TPG, AT, Dish, Satellite, Netflix, Disney, Amazon Prime, Sling, T, CNBC, ESPN
Bernard Arnault's net worth has soared by $24 billion in four days to $201 billion. The LVMH CEO is set to leapfrog Mark Zuckerberg and become the world's third-richest person. AdvertisementBernard Arnault has grown $24 billion richer in four days — and looks set to overtake Mark Zuckerberg as the world's third-richest person. He was the richest person on the planet with a $231 billion net worth in late March. AdvertisementThe decline in LVMH stock this year has narrowed from about 20% to 5%, meaning it's no longer languishing at a two-year low.
Persons: Bernard Arnault's, Mark Zuckerberg, , Bernard Arnault, leapfrog Zuckerberg, Larry Ellison, He's, who's, Louis Vuitton, Dom Perignon Champagne Organizations: Service, Dior, Tiffany, Oracle, LVMH Locations: China, Moncler, Cashmere, Japan
Tim Boucher has written over 120 books using AI-generated text and images. "My books allow AI models to speak for themselves, almost like the idea of an unreliable narrator in literature," he told Business Insider. AdvertisementCreative differencesTensions between AI companies and the creative industries have been bubbling since the release of AI image generators such as Midjounrey and the rise of AI-powered chatbots such as ChatGPT. AI companies, including OpenAI, are facing several similar lawsuits from groups of authors and artists. He said he thought the lawsuits would put a lot of pressure on how AI companies use licensed data, which he described as a "good thing."
Persons: Tim Boucher, , he's, chatbots, Claude, ChatGPT, Boucher, Michael Chabon, Elon Musk's, Chabon Organizations: Service, Meta, Wild West
The best-performing Club stocks during the topsy-turvy third quarter are all outside the "Magnificent Seven" and AI-winner complexes. Starbucks: 25.2% New CEO Brian Niccol is the reason why Starbucks' stock is on the list. Best Buy: 18.6% The electronics retailer is another rate-cut winner: More people moving means more purchases of appliances and TVs. In fact, the reasons to own Best Buy are underappreciated by investors, JPMorgan analysts said in a note to clients Friday. Like Stanley Black & Decker and Best Buy, Home Depot is a beneficiary of increased housing sector activity.
Persons: , Stanley Black, Decker, Brian Niccol, Eli Lilly, Lilly, there's, Jim Cramer's, Jim Cramer, Jim, Donald Allan , Jr, Chris Taylor Organizations: Reserve, Starbucks, Deutsche Bank, GE Healthcare, Novo Nordisk, Abbott Laboratories, Abbott Labs, GE, JPMorgan, CNBC, The New York Stock Exchange, NYSE Global Locations: U.S, China
CNN —Billing itself as the world’s “first holographic communications platform,” US startup Proto is beaming life-size, “3D” video into universities, hotels and medical centers. The boxes can reproduce pre-recorded video as well as a live feed, and any 4K camera, including an iPhone, can be used as the source. Nussbaum, whose background is in radio and podcasting, started Proto in 2018. In 2023, video of actor William Shatner was beamed from Los Angeles to the Advertising Week APAC event in Sydney, Australia. A similar technology launched by Dutch company Holoconnects has been deployed at hotels in Scandinavia, and used for advertising by BMW.
Persons: CNN —, , William Shatner, , David Nussbaum, Nussbaum, Holoconnects, Gary Burnett, Proto, Clay Jackson, Crystal Freeman, Organizations: CNN, Inc, Amazon, Verizon, Siemens, Accenture, Walmart, NFL, JFK, Beverly Wilshire, BMW, Google, HP, Cisco, MIT, Vanderbilt, Stanford, University of Loughborough, Loughborough University, West Cancer Center, University of Tennessee College of Medicine Locations: Los Angeles, Orlando , Florida, Sydney, Australia, New, Beverly Hills , California, Scandinavia, Webex, Central Florida, Memphis , Tennessee, New Jersey
Mental health concernsStill, other than rushing water, the biggest health concern from a flood may be mental, studies show. Storms can exacerbate existing mental health problems or lead to new ones. The federal government offers a Disaster Distress Helpline to help those struggling with mental health problems resulting from a storm. That toll-free number, staffed by mental health professionals, is 1-800-985-5990. The 988 Suicide and Crisis Lifeline provides free emotional support to people in mental health crises and connects them to local resources.
Persons: Wilma Subra, floodwater, don’t, Katrina, Dr, Sanjay Gupta Organizations: CNN, World Health Organization, US Centers for Disease Control, Prevention, CDC, WHO, Environmental Protection Agency, US Food and Drug Administration, Hurricanes, CNN Health, Lifeline Locations: floodwater, United States, Sudan, Florida, Georgia, West, West Nile
Elon Musk near a Falcon 9 rocket at SpaceX headquarters in Hawthorne, California in 2018. SpaceXSo much of the way SpaceX operates, as you tell it in the book, is Elon Musk's hands-on management and the way he pushes his workers. I don't think Elon does very well in those types of environments. I don't really understand the entire arc of his changing political views over the last decade. I don't think the regular person really understands what a technological leap Starship is.
Persons: Eric Berger, Elon Musk, Berger, , Elon Musk's, Elon, David McNew, Jared Isaacman, it's, We've, What's, Obama, he's, Sarah Gillis, You've, you've Organizations: Business, Service, SpaceX, Falcon, Ars Technica, Tesla, Twitter, Elon, House, Polaris Dawn, Crew Locations: Hawthorne , California, United States, Russia
Costco Wholesale — The membership-only retailer saw shares dip about 1% after the company missed expectations for fiscal fourth-quarter revenue. Super Micro Computer — Shares of the artificial intelligence beneficiary slipped 2%, adding to their 12% loss in the previous session. The Wall Street Journal reported that the U.S. Justice Department had opened a probe on the company. Dollar General — Shares fell 2% after Citi downgraded Dollar General to sell from neutral, saying Walmart 's increasing dominance in retail, especially on pricing, has the dollar store "on the wrong side." HP Inc. — The tech hardware stock fell about 2% after a downgrade to neutral from buy at Bank of America.
Persons: Myers Squibb, Costco, Hindenburg, Morgan Stanley, , KeyBanc, — CNBC's Hakyung Kim, Lisa Kailai Han, Yun Li, Sarah Min, Jesse Pound, Samantha Subin, Michelle Fox Organizations: Myers, U.S . Food, Drug Administration, Novo Nordisk —, JPMorgan, Costco Wholesale, Revenue, Street Journal, U.S . Justice Department, U.S . Securities, Exchange Commission, Wynn Resorts, Citi, Walmart, HP Inc, Bank of America, HP Locations: Bristol, U.S, Novo Nordisk — U.S, Danish
Threads is blocking links to an article that may contain links to leaked documents about JD Vance. AdvertisementThreads is following X's lead, blocking links to purportedly leaked documents about vice presidential candidate JD Vance. Meta says the links could come from hacked or leaked sources — and it's blocking them because of the potential connection. ThreadsThreads is now blocking links to the post, too. Threads posts that contain a link to Klippenstein's Substack article aren't being removed, but the link isn't clickable.
Persons: JD Vance, X, , Meta, Trump, Ken Klippenstein, Klippenstein, Hunter Biden, Elon Musk, Mark Zuckerberg, Sen, Jim Jordan Organizations: Meta, Service, FBI, Independent Locations: Iran
US stocks rose after cool inflation data suggested more room for Federal Reserve rate cuts. The personal consumption expenditures price index increased 0.1% in August, matching estimates. AdvertisementUS stocks rose on Friday after cool inflation data suggested that the Federal Reserve has more room to cut interest rates. The personal consumption expenditures price index, which is considered the Fed's preferred inflation measure, increased 0.1% in August, in-line with economist estimates. On a year-over-year basis, the PCE Index rose 2.2%, slightly below economist estimates of 2.3%.
Persons: , Clark Bellin, Bellin, Sonu Varghese, that's, Varghese Organizations: Federal, Service, Federal Reserve, Bellwether Wealth, Business, Carson Group, Here's
Israel said Friday that it carried out a strike against Hezbollah's headquarters in Beirut. Israel has increasingly targeted top Hezbollah officials and operatives over the past week, but killing its leadership would be a significant and dramatic escalation. Rear Adm. Daniel Hagari, a spokesperson for the Israeli military, said that the headquarters struck Friday was located underneath residential buildings in Dahieh, a Beirut suburb. AdvertisementIsrael has not publicly acknowledged that it specifically targeted Nasrallah, nor has it commented on his status. Hours after the earlier strikes against Hezbollah's headquarters, the Israeli military said that it was carrying out additional strikes on Hezbollah weapons storage facilities in Beirut.
Persons: Israel, Hassan Nasrallah, , Hezbollah's, Nasrallah, Daniel Hagari, Defense Lloyd Austin Organizations: Hezbollah's, Service, CNN, Reuters, Pentagon, Defense, Israel, IAF, Hezbollah Locations: Beirut, Iran, Israel, Dahieh, Lebanon
Jennifer Aniston was the last of the main six to officially join the cast. The show's producers didn't know if they'd keep her as Rachel at first. Warner Bros. TelevisionNow one of the most sought-after actors in Hollywood, Aniston was still new to acting when the pilot of "Friends" was filmed. In 2013, Aniston told Us Weekly that she was the last of the six main cast members to be added to the series. Aniston proved integral to the cast and went on to win an Emmy for her performance as Rachel Green.
Persons: Jennifer Aniston, didn't, they'd, Rachel, Aniston, Rachel Green Organizations: Warner Bros . Television, Hollywood, Weekly
Companies requiring 5-day RTO will lose valuable employees, says Craig Levey, an employment lawyer. Levey lays out four steps employees can take if their company announces an RTO policy. Here are the steps I'd take if a client came to me about their company switching to a five-day RTO policy:1. Related storiesWell-written employment agreements will include a clause providing the employer with the flexibility the amend any and all terms. But if you have some leverage, you can negotiate into your employment agreement that you're going to be working remote or hybrid.
Persons: Craig Levey, Levey, , doesn't, you've, they'll, haven't, Jane Zhang Organizations: Service, Bennett, Belfort, Starbucks, Disabilities, Opportunity Commission Locations: P.C, Cambridge , Massachusetts, Newport, Seattle
CNN —Archaeologists working in Peru, assisted by artificial intelligence, have discovered 303 previously unknown giant symbols carved in the Nazca Desert. A geoglyph of a humanoid with a headdress is one of the newly discovered symbols. Deciphering Nazca symbols’ purposeIt’s not clear why the Nazca people made the symbols. The bigger Nazca symbols were near networks of straight lines, squares and trapezoids etched into the earth. “Our findings suggest that their meaning is formed through their combinations,” he said, referring to the way the Nazca geoglyphs are grouped together.
Persons: headdresses, geoglyphs, , Masato Sakai, IBM’s Thomas J, , ” Sakai, Amina Jambajantsan, Jambajantsan wasn’t, ” Jambajantsan, Sakai Organizations: CNN —, Yamagata University Institute of, Japan’s Yamagata University, Watson Research, Yamagata University Institute of Nasca, Max Planck Institute of Geoanthropology’s Department of Archaeology Locations: Peru, Peru’s, Yorktown Heights , New York, , Jena , Germany, Mongolia
This week, Putin once again rattled the arms-control world by revealing proposed changes to his country’s nuclear doctrine. “In the current version of Russia’s nuclear doctrine, there is no distinction between an aggression by nuclear- and non-nuclear-weapon state,” he wrote. “There are two noteworthy points of departure from the previous 2020 Russian military doctrine,” she wrote on X. “2020 doctrine allowed the use of NW [nuclear weapons] in response to conventional aggression that jeopardizes the very existence of the state. And the results of Zelensky’s visit to the US may soon tell us whether anyone in Washington is listening to Putin’s nuclear talk.
Persons: Vladimir Putin, Putin, Volodymyr Zelensky, Biden, Pavel Podvig, , ” Podvig, , Mariana Budjeryn, Harvard Kennedy, Alexander Nemenov, Budjeryn, Kristin Ven Bruusgaard, ” It’s, Ven Bruusgaard Organizations: CNN, Kremlin, Council, Russian Federation, , Harvard, Getty, Norwegian Intelligence School Locations: Ukraine, Russia, Moscow, Washington, USSR, United States, ” Moscow, AFP, Russian
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