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ET, the 10-year Treasury yield slipped over 1 basis point to 4.021%. The 10-year U.S. Treasury yield wavered slightly early Wednesday as bond traders digested the latest comments from Federal Reserve officials this week. Bond markets reopened Tuesday after the Columbus Day holiday on Monday, with bond traders digesting the latest comments from Fed officials this week. On Tuesday, however, San Francisco Fed President Mary Daly said there's room for the central bank to lower rates further. No Fed officials are due to speak publicly Wednesday and no major economic data releases are due.
Persons: Neel Kashkari, Christopher Waller, Mary Daly, , Lisa Kailai Han, Sophie Kiderlin Organizations: Treasury, Federal Reserve, Bond, Columbus, Minneapolis, San Francisco Fed
CNBC TechCheck Evening Edition: October 16, 2024
  + stars: | 2024-10-16 | 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 EmailCNBC TechCheck Evening Edition: October 16, 2024CNBC's TechCheck brings you the latest in tech news from CNBC's 1 Market in the heart of San Francisco.
Persons: TechCheck Organizations: CNBC Locations: San Francisco
NASA says the sun is in the highly active "maximum phase" of its 11-year solar cycle. That means there will probably be big solar storms bringing beautiful aurora in the next year or so. Solar eruptions can also disrupt GPS, delay flights, and even knock out power grids. NASA announced Tuesday that the sun is in the "maximum phase" of its 11-year solar cycle, which basically means it's hyperactive. National Weather Service in Shreveport, LABut solar eruptions can also endanger satellites, astronauts, and even power grids here on Earth.
Persons: , Kelly Korreck, Morgan McFall, Johnsen, Elsayed Talaat, Bill Murtagh, Murtagh, Lisa Upton, they'd, it's, Upton Organizations: NASA, Service, National Weather Service, NASA's, National Oceanic, Atmospheric Administration, NOAA, Prediction Locations: Arizona, California, Shreveport , Louisiana, Shreveport, LA, NASA's Heliophysics, Sweden, Arkansas, San Francisco
More change is coming to Diamond Sports' regional sports networks. Diamond Sports said in the filing that if it is able to emerge from bankruptcy protection, FanDuel will be a "long-term naming rights partner." The new naming rights agreement would also give FanDuel the right to buy up to 5% of equity in the reorganized company and get performance warrants for up to 5% of equity. A naming rights deal was later signed with gaming company Bally's Corp . Some NBA teams that have left the regional sports networks have turned to local broadcast stations to air local games.
Persons: Diamond, FanDuel, Sinclair Organizations: Diamond Sports, Bally Sports, National Hockey League, National Basketball, NBA, NHL, Fox Corp, Disney, Fox Sports, Bally's Corp, Sinclair, Major League Baseball, MLB, Atlanta Braves, San Diego Padres, Arizona Diamondbacks, Milwaukee Brewers, Cleveland Guardians, Minnesota Twins, Dallas Stars, Anaheim Ducks, Parent Locations: Canada
Shares of Lucid Group dropped by more than 10% during after-hours trading following the electric vehicle startup announcing a public offering of nearly 262.5 million shares of its common stock. Following the transaction, Ayar is expected to maintain its approximate 58.8% ownership of Lucid's outstanding common stock, Lucid said in a release. Lucid said the transaction is subject to "certain conditions, at the same price per share initially to be paid by the underwriter for the public offering." BofA Securities is acting as the sole underwriter for the public offering. The EV maker intends to grant the firm a 30-day option to purchase up to nearly 39.37 million additional shares of Lucid's common stock as well.
Persons: Lucid, PIF Organizations: Saudi, Public Investment Fund, Investment Co, BofA Securities Locations: San Francisco , California, BofA
It's been a year since New York City began enforcing its near-ban on short-term rentals, including Airbnbs. While the number of short-term rentals has plummeted, the effect on the housing market is unclear. AdvertisementNew York City's ban on most short-term rentals was supposed to make housing cheaper in the city. In September 2023, NYC began enforcing new regulations — known as Local Law 18 or LL18 — that severely restricted short-term rentals. With so many Airbnbs out of the short-term rental picture, they've been able to charge more.
Persons: It's, Airbnb, , it's, Ben Kallos, LL18, they've, Sean Hennessey, Jonathan M, that's, they're, Paul, who's, Paul —, Theo Yedinsky, Yedinsky, Eric Adams Organizations: New, Service, New York Times, New York, Tisch Center of Hospitality, Facebook, Business, York City Locations: New York City, York, New, Astoria, Queens, San Diego, Mission Beach
Spencer Platt | Getty Images News | Getty ImagesThis 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. What you need to know todayThe bottom lineDespite markets falling Tuesday, there's still plenty to like about their current state. Weighed down by ASML's 16% dive and a report by Bloomberg on potential AI-chip export controls, semiconductor stocks like Nvidia and AMD fell 4.7% and 5.2% respectively. Still, investors are the most bullish in four years, according to the October BofA Global Fund Manager Survey.
Persons: DJI, Spencer Platt, there's, They're, Michael Hartnett, Mary Daly, who's, Dow, Piper, Craig Johnson, , Jeff Cox, Samantha Subin, Yun Li, Lisa Kailai Han, Alex Harring Organizations: AMD, New York Stock Exchange, Getty, CNBC, ASML's, Bloomberg, Nvidia, Semiconductor, Nasdaq, Dow Jones, Dow, Survey, U.S . Federal Reserve, San Francisco Fed, Federal Locations: U.S, Beijing
Anaïs Felt took a "micro-retirement" back in March from her Silicon Valley tech job. The time off on her extended leave healed her burnout and changed her relationship to work, she said. Felt decided to meet with a career coach, who quickly "diagnosed" her with burnout, a syndrome due to "chronic workplace stress." AdvertisementSix months after she left her job, Felt said her mental health has improved, and her burnout is gone. "Maybe I'll work from home and continue on the corporate path, or maybe I'll start my own business," she said.
Persons: Anaïs Felt, Felt, , Emily, Amelia Nagoski, TikTok, Prepping, you’re, ike, ake, rick, hough, ince, ersonal Organizations: Service, Hope College, ust Locations: San Francisco, America, Silicon Valley, Michigan, ife, alance, oman
Federal prosecutors have accused Combs of orchestrating a “criminal enterprise” through his business empire that engaged in sex trafficking, forced labor, kidnapping and decades of physical abuse against women, among other allegations. In the month since Combs was arrested, eight additional civil lawsuits have been filed against him with allegations of sexual assault. A source familiar with parts of the federal investigation said that new accusers and witnesses have met with federal agents since Combs’ arrest. Video Ad Feedback Federal prosecutors discuss the arrest of Sean "Diddy" Combs. Combs’ attorneys did not respond to specific allegations in the latest lawsuits, but denied the accusations, telling CNN that Combs maintains his innocence.
Persons: Sean “ Diddy ” Combs, , Combs, Arun Subramanian, , didn’t, Jennie Wang VonCannon, ” Wang VonCannon, Crowell, Damian Williams, Emily Johnson, Sean, Diddy, Tony Buzbee, Cassie Ventura, Ventura, Buzbee, San, Andrew Van Arsdale, Mr, Frazer Harrison, Wang VonCannon, CNN’s Kara Scannell Organizations: CNN, US, Southern, of, Department of Homeland Security, Hamptons, Getty Locations: Brooklyn, Houston, San Diego
Elon Musk's AI startup xAI is hiring AI Tutors for data annotation to train language algorithms. xAI partners closely with X, formerly known as Twitter, which sees user decline and ad pullbacks. AdvertisementElon Musk's new AI company is on a hiring spree for a new type of data annotator. Last week, xAI listed multiple job postings for "AI Tutors." Multiple AI Tutors started their jobs in August and September, according to a LinkedIn analysis by Business Insider.
Persons: Elon, , Musk, it's, X, xAI, Jensen Huang, Colossus Organizations: Service, Business, SpaceX, Tesla, Disney, Apple, Nvidia, NPR, Forbes Locations: Memphis, Brazil, San Francisco
Elizabeth Bagdon and her fiancé, Ryan Heming, moved from a small town in Wyoming to San Antonio. Then, they moved to Gillette, Wyoming, which has a population of about 33,000. San Antonio offers more convenienceBagdon and Heming moved into a rental home in San Antonio with their dog, Lucy. Elizabeth Bagdon moved from Wyoming to Texas. "We're ready to pick the place that we want to settle in, and that place will definitely be Wyoming," Bagdon said.
Persons: Elizabeth Bagdon, Ryan Heming, Bagdon, , I've, Heming, Lucy, Sadie, Elizabeth Bagdon Bagdon, Salary.com, hasn't, I'm, she's Organizations: San Antonio, Service, Business, Gillette, Sam's, San Antonio Police Department, San, Southern Locations: Wyoming, San Antonio, Bagdon, Pennsylvania, Colorado, Gillette , Wyoming, Gillette, San, Texas, Antonio, East Coast, Sheridan , Wyoming
Pretty much since they arrived, Mr. Muir and his family have been trying and failing to find a single-family house for no more than $500,000. “I’m like, ‘Wow, I thought this would be a more affordable place to live,’” said Mr. Muir, who is 44 and works in financial services. They disagree, however, about whether Ms. Harris’s plan would actually do that. (Economists also agree that former President Donald J. Trump’s housing plan, which aims to free up housing by deporting immigrants, would probably make the housing crisis worse by devastating the construction work force). Ms. Harris’s main challenge will be convincing them to build.
Persons: Luke Muir, Muir, ’ ”, “ It’s, Kamala Harris, Harris’s, Donald J, Mark Zandi, Harris, , Ed Pinto, playbook, Jason Morris, Withey Morris Baugh, Ms, , Mr Organizations: American Enterprise Institute, Arizona Legislature Locations: Phoenix, Louisiana, San Diego, Maricopa County, California, Arizona
Gold prices inched higher on Wednesday, as U.S. Treasury yields eased, while market participants waited for more U.S. economic data to determine the number of interest rate cuts the Federal Reserve is likely to deliver in the near term. Spot gold rose 0.3% to $2,667.97 per ounce by 0217 GMT, $17 shy of a record high hit last month. The 10-year Treasury yields slipped for a third straight session, making zero-yield bullion more appealing. "The game changer in gold prices is the U.S. monetary policy easing as it sets the stage for investment demand," said ANZ commodity strategist Soni Kumari. Delegates to the London Bullion Market Association's annual gathering predicted gold prices would rise to $2,941 over the next 12 months and silver prices would jump to $45 per ounce.
Persons: Soni Kumari, Mary Daly, Raphael Bostic, Benjamin Netanyahu, Emmanuel Macron Organizations: SA, Treasury, Federal Reserve, ANZ, San Francisco Federal Reserve Bank, Atlanta Fed, London Locations: Budapest, Hungary, U.S, rearming
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. Breather from rally U.S. markets fell Monday, weighed down by a drop in semiconductor stocks and a 8.1% slide in UnitedHealth . Tech stocks fell 6.36%, while telecoms stocks rose 1.97%. Indeed, San Francisco Fed President Mary Daly, who's a member of the Federal Open Market Committee this year, noted that the central bank is "a long way from where [rates are] likely to settle."
Persons: ASML, there's, They're, Michael Hartnett, Mary Daly, who's, Dow, Piper, Craig Johnson, , Jeff Cox, Samantha Subin, Yun Li, Lisa Kailai Han, Alex Harring Organizations: New York Stock Exchange, CNBC, UBS, Tech, ASML's, Bloomberg, Nvidia, AMD, Semiconductor, Nasdaq, Dow Jones, Dow, Survey, U.S . Federal Reserve, San Francisco Fed, Federal Locations: New York City, U.S, Tuesday's, Netherlands, ., Beijing
Trina Kaye was evicted from her Los Angeles apartment in 2019 after 25 years. Her apartment was renovated and re-rented at a higher price after her eviction. AdvertisementThis as-told-to essay is based on a conversation with Trina Kaye, a 68-year-old who was evicted from her Los Angeles apartment in 2019. I lived in the same Los Angeles apartment for 25 years, and I loved it. They renovated my apartment and raised the rentI heard from my neighbors in the building that they renovated my unit when I moved out.
Persons: Trina Kaye, California's, , It's, would've, I've, Robertson, they've Organizations: Service Locations: Los Angeles, Angeles, Fernando Valley, Mar Vista, California, It's, Pico
In cities where those companies operate, drivers are already at risk of losing earnings or seeing an impact on their income. I think drivers in Austin and Atlanta will be in a similar position next year as Waymo has plans to launch there, too. AdvertisementEven though I'm driving for Uber and Lyft full-time, it was never meant to be a full-time gig. One of the main reasons I'm an Uber and Lyft driver is to be debt-free. I think Uber wants to be the central hub for all transportation, even if that means it eventually replaces human drivers entirely.
Persons: Tesla's, Tristan Thomas, Thomas, , Tesla, Elon Musk, I'm, Waymo, Uber, Lyft, there's, I've, Elon Organizations: Business, Service, Drivers Locations: Cruise, San Francisco , Los Angeles, Phoenix, Austin, Atlanta
One more thing Southern California is known for: earthquakes. While the San Andreas is the most famous, scientists know it’s not the only fault that can produce a powerful earthquake in Southern California. Residents clean up in the Van Nuys neighborhood following the 1994 Northridge earthquake in Los Angeles on January 17, 1994. Many newcomers have no idea the havoc a big earthquake can wreak, including young Angelinos who grew up in Southern California‘s quiet times. “We need to be prepared, because we could have an earthquake that’s pretty big at any time,” Husker said.
Persons: there’s, , Kate Scharer, Andreas, it’s, Robert de Groot, Vinnie Zuffante, Angelinos, They’ve, ” Allen Husker, “ There’s, Husker, Clarence Wayne Dean, Douglas C, ” Scharer, Scharer, Don’t, , de Groot, ” Husker Organizations: Los Angeles CNN, Pasadena, United States Geological Survey, Geological Survey, California Institute of Technology, Southern California Seismic, CNN, Los Angeles Police, Disease Locations: Hollywood, Southern California, Los Angeles, Malibu, San Gabriel, Sierra, Van Nuys, Los Angeles County, Southern, California, California , Oregon, Washington
Including Detroit, Trump this year has pointedly attacked the most populous cities in three battleground states crucial to winning the White House: Michigan, Pennsylvania and Wisconsin. Trump’s attacks risk offending swing voters who don’t share his dark view of their big cities, as well as Black voters his campaign is trying to sway in what’s expected to be a close election won on the margins. Thank you, sir, for saying it.’ They want help.”“These cities,” Trump added, “it’s like living in hell.”It’s not only large cities that Trump likes to vilify. A Republican close to Trump’s campaign argued that his attacks on cities aren’t insults but are, rather, a pledge to solve problems that most people who live in those regions recognize. Courting the Black voteMichigan was the site of Trump’s memorable 2016 call for Black voters to support his candidacy.
Persons: Donald Trump, Kamala Harris, Trump, “ You’re, Trump’s, Harris, don’t, , Dennis Lennox, Michiganders, Gretchen Whitmer, , Tim Walz, Brian Hughes, ” Hughes, Brad Todd, Todd, Reagan, ” Todd, “ It’s, ” Andrew Hitt, Hitt, ” Hitt, Nancy Pelosi, ’ Trump, John Lewis, Elijah Cummings, ” Trump, It’s, Aurora —, Mike Coffman, wasn’t, Victoria LaCivita, Trump “, Joe Biden’s, Barack Obama Organizations: Detroit, Democratic, Trump, White House :, Philadelphia, Republican National Convention, GOP, ” Michigan, , ” Minnesota Gov, Republican, Wisconsin Republican Party, Conservative, Chicago —, Bloomberg, Fox News, Detroit Pistons, Wings, Tigers, Michigan, Black, Milwaukee, NBC News Locations: Detroit, White House : Michigan, Pennsylvania, Wisconsin, Milwaukee, Philadelphia, Michigan, ” Minnesota, Warren, Harris, , , Macomb County, Afghanistan, New York, Florida, San Francisco, Atlanta, D, Baltimore, Oakland, Springfield , Ohio, Aurora , Colorado, Aurora, Venezuelan, Springfield, Dimondale
SANTA CLARA, Calif. — San Francisco 49ers rookie receiver Ricky Pearsall returned to the field for practice on Monday for the first time since he was shot in the chest during an attempted robbery nine days before the season opener. The 49ers opened a window for Pearsall to begin practicing with the team while he remains on the non-football injury list. “I saw him warming up and I started smiling because I know how big of a factor he can be for the team,” rookie guard Dominick Puni said. Pearsall was shot in the chest during a robbery attempt in San Francisco’s Union Square area and was hospitalized overnight. He avoided damage to any organs and nerves and was back working out at the team facility the following week.
Persons: Ricky Pearsall, Kyle Shanahan, Pearsall, , Dominick Puni, , Jacob Cowing, ” Cowing, “ It’s, ” Pearsall Organizations: — San Francisco 49ers, 49ers, Arizona State, Gators Locations: SANTA CLARA, Calif, , Pearsall, San Francisco’s Union, Florida
In total, Larsen has given around $1.9 million to support Harris' campaign directly and through PACs, according to FEC data compiled by crypto market and blockchain analyst James Delmore and independently verified by CNBC. Nearly half of all the corporate money flowing into the election has come from the crypto industry, according to a recent report from the nonprofit watchdog group Public Citizen. "What we've had to date has been almost like purposeful chaos by Gensler to kind of crush the domestic industry," Larsen said. Horowitz said that he and his wife, Felicia, "have known Vice President Harris for over 10 years and she has been a great friend to both of us during that time." On Monday, the Harris campaign unveiled its "Opportunity Agenda for Black Men" in a report.
Persons: Chris Larsen, Donald Trump's, Chris Larsen isn't, Ripple, Kamala Harris, Larsen, who's, Harris, he's, Biden, " Larsen, isn't, James Delmore, that's, Evelyn Hockstein, Andreessen Horowitz, Trump, keynoted, Josh Shapiro, John Deaton, Massachusetts Republican who's, Democratic Sen, Elizabeth Warren, Nancy Pelosi, Gary Gensler, Brad Garlinghouse, Marvin Ammori, Skybridge Capital's Anthony Scaramucci, Scaramucci, Warren, Ben Horowitz, Marc Andreessen, Horowitz, Felicia, Delmore Organizations: YouTube, White, CNBC, Biden, Democratic, Harris, Fund, Forbes, Public Citizen, U.S, Erie International Airport, Democratic Pennsylvania Gov, Massachusetts Republican, Nancy Pelosi Victory Fund, Biden PAC, SEC, Trump, Ripple, White House, Sen Locations: Bay, Erie , Pennsylvania, U.S, Nashville , Tennessee, Massachusetts, Washington ,, New York
The 60-year-old did return to the game by the end of the quarter and coached the rest of the game on the sidelines. Afterwards, Harbaugh said he left the game with an arrhythmia, also known as an irregular heartbeat. “I’ll always remember the one in 2012, it was during the Monday night game,” Harbaugh told reporters on Sunday. Harbaugh also recalled telling Chargers quarterback Justin Herbert ahead of Sunday’s game that he felt unusually pumped up. “I don’t know if I’m really fired up for the game or this is my arrhythmia kicking back in,” Harbaugh recalled telling Herbert.
Persons: Jim Harbaugh, ” Harbaugh, Harbaugh, “ I’ll, San Francisco QB, Colin Kaepernick, Colin, , didn’t, Justin Herbert, I’m, Herbert Organizations: CNN, Los Angeles Chargers, Chargers, Denver Broncos, San Francisco, 49ers, Chicago Bears, Mayo Clinic, cardiologists, Arizona Cardinals, New Orleans Saints
Therefore, if you are looking to buy a home, there are certain steps you should take to prepare for the purchase, according to several advisors ranked in CNBC's 2024 Financial Advisor 100 List. 23 on the 2024 CNBC FA 100 list. 61 on the 2024 CNBC FA 100 list. 7 on the 2024 CNBC FA 100 list. 38 on the 2024 CNBC FA 100 list.
Persons: you'll, It's, Brian Brady, Stephen Cohn, Ron Brock, Shaun Williams, Ryan D, Dennehy, Bankrate, Realtor.com, Steven LaRosa, Williams, Angi, Brady, it's, Cohn Organizations: Obermeyer, Investment, CNBC, Sage Financial Group, Brock Investment, Paragon Capital Management, California Financial Advisors, Edgemoor Investment Locations: Aspen , Colorado, West Conshohocken , Pennsylvania, Indianapolis , Indiana, Denver , Colorado, California, San Ramon , California, Bethesda , Maryland, Florida
The video makes no mention of Fulfil's technology, but the system appears identical to the contents of a demo video on Fulfil's website. Amazon declined to comment on whether it's using Fulfil's technology. The Information reported earlier on Amazon testing Fulfil's technology. Prior to working with Amazon, the company was testing its technology with California-based retailer Lucky, which is owned by regional grocer Save Mart, and is also an Amazon grocery delivery partner. The system being piloted in Plymouth Meeting will let shoppers order items from Amazon's website and its online grocery service, Amazon Fresh, while browsing Whole Foods.
Persons: Anand Varadarajan, Mir Aamir, Tony Hoggett, Hoggett Organizations: Khosla Ventures, CNBC, Amazon, Eclipse Ventures, DCVC, Save, Foods, Research Locations: Philadelphia, San Francisco, Nashville, California, Plymouth Meeting , Pennsylvania, Plymouth
Adam Gray | Afp | Getty ImagesA political action committee supporting former President Donald Trump has raised about $7.5 million in cryptocurrencies. The PAC said the latest filing covered donations in the period of July 1 through Sept. 30, but numbers included cumulative contributions. At least 18 donors gave more than $5.5 million in bitcoin to Trump 47, the filing shows. Trump said in his keynote that his campaign had raised $25 million from the crypto industry, though he didn't specify the split between digital tokens and dollar donations. Among the new donors is Chase Herro, one of the co-founders of the Trump family's new crypto project World Liberty Financial.
Persons: Eric Trump, Donald Trump, Donald Trump , Jr, Adam Gray, Andreessen Horowitz, Lockheed Martin, David Bailey, bitcoin . Bailey, indoctrinated Trump, Trump, Chase Herro, Mike Belshe, Brian Murray, Craft, David Sacks, Trevor Traina, Bruce Fenton, Gary Cardone, Stuart Alderoty, Alderoty, Sacks, Chris Larsen, Kamala Harris, Forward, Larsen, Gary Gensler, Biden, Marvin Ammori, Tyler, Cameron Winklevoss Organizations: Republican, World Trade, Afp, Getty, Trump, U.S, GOP, PAC, Public Citizen, Lockheed, Duthie Power Services, Esperanza Entertainment, BTC Inc, Liberty Financial, Craft Ventures, Kresus Labs, Chainstone, Cardone Digital Ventures, CNBC, White, SEC, Biden, Harris Locations: New York City, cryptocurrencies, Puerto Rico, bitcoin ., Nashville, bitcoin, XRP, San Francisco, Harris, Bay
Santa Clara, California (AP) — San Francisco 49ers rookie receiver Ricky Pearsall returned to the field for practice on Monday for the first time since he was shot in the chest during an attempted robbery nine days before the season opener. The 49ers opened a window for Pearsall to begin practicing with the team while he remains on the non-football injury list. “I saw him warming up and I started smiling because I know how big of a factor he can be for the team,” rookie guard Dominick Puni said. Pearsall was shot in the chest during a robbery attempt in San Francisco’s Union Square area and was hospitalized overnight. He avoided damage to any organs and nerves and was back working out at the team facility the following week.
Persons: , Ricky Pearsall, Kyle Shanahan, Pearsall, , Dominick Puni, , Jacob Cowing, ” Cowing, “ It’s, ” Pearsall Organizations: — San Francisco 49ers, 49ers, Arizona State, Gators Locations: Santa Clara , California, Pearsall, San Francisco’s Union, Florida
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