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While overall inflation has slowed, insurance costs are taking a bigger bite out of many household budgets. Car insurance premiums have also shot up. Bankrate estimates that in September the average cost for full coverage car insurance is $2,348 a year. Extreme weather events, higher replacement and repair costs, and increased medical expenses after accidents have boosted car insurance rates, experts say. Car insurance discounts range from safe driver and good student discounts to taking a defensive driving course.
Persons: Mike Spiering, Francesca Spiering, Joe Raedle, Shannon Martin, that's, Afilalo, Mike Barrett, Tayfun, David Carothers, Loretta Worters, you've, Rod Griffin, They're, You've, Bankrate's Martin, Price Organizations: Bureau of Labor Statistics, Autoinsurance.com, Barrett Insurance Agency, Anadolu, Getty, Independent Insurance Agents, of America, Florida Risk Partners, Insurance, Federal Emergency Management Agency, University of Pennsylvania's Wharton Risk Center Locations: Hollywood , Florida, St, Johnsbury , Vermont, Fork, New Mexico, United States, Florida, Valrico , Florida, U.S
DirecTV agrees to buy Dish for $1
  + stars: | 2024-09-30 | by ( Jordan Valinsky | Ramishah Maruf | Liam Reilly | ) edition.cnn.com   time to read: +4 min
New York CNN —DirecTV announced Monday it’s buying rival Dish Network, ending multiple decades of on-and-off talks about the satellite services merging. The agreement provides DirecTV and Dish with greater scale, a DirecTV spokesperson told CNN. The newly merged DirecTV-Dish entity will continue to support the Dish brand for the foreseeable future, the DirecTV spokesperson said. DirecTV does not currently have plans to make changes to the existing Dish or Sling TV brands, meaning that current Dish customers should not be concerned about being forced over to DirecTV. The deal also strengthens the duo’s foothold in the industry, allowing them to more easily compete with pay TV rivals and streaming services.
Persons: Charlie Ergen, Mike White, Echostar, Hughes, Organizations: New, New York CNN, DirecTV, Dish Network, Netflix, Hulu, Amazon’s, Dish, , TPG, T, CNN, Disney, Hughes Electronics, EchoStar Corporation, Bloomberg, General Motors, Monday, Antitrust Locations: New York
Stellantis said it would reduce inventory levels in the United States and ship 200,000 fewer vehicles to North American dealers in the second half of 2024 than in the same period last year. Volkswagen said earlier this month that around 2 million fewer cars are being sold in Europe per year compared with pre-pandemic levels. Volkswagen itself is selling 500,000 fewer cars annually in the region, the equivalent of around two car plants. “To remain competitively viable, we have to comprehensively restructure Volkswagen… because the situation is serious,” the company said last week. “Volkswagen has to increase efficiency and reduce costs.”For Stellantis, Monday’s profit warning is the latest piece of bad news.
Persons: American carmaker, Ram Trucks, Stellantis, Volkswagen’s, Aston Martin Lagonda Organizations: London CNN —, Chrysler, Milan, Citroen, Peugeot, North, Volkswagen, Aston, IG Metall, United Auto Workers Locations: American, North America, United States, North American, China, London, Europe, Detroit
Retirement hasn’t made Tom Brady any less competitive. The seven-time Super Bowl champion responded sternly to Tampa Bay Buccaneers quarterback Baker Mayfield during the broadcast of Sunday’s game between the Buccaneers and Philadelphia Eagles. On the Casa de Klub podcast earlier this month, Mayfield described the environment in Tampa Bay under Brady — who played three seasons with the team before retiring after the 2022 season — as stressful. He had everybody dialed in, high-strung environment, so I think everybody was pretty stressed out,” Mayfield said. “I thought stressful was not having Super Bowl rings,” Brady said.
Persons: hasn’t, Tom Brady, Baker Mayfield, Mayfield, Brady —, Tom, ” Mayfield, , ” Brady didn’t, ” Brady, Kevin Burkhardt, Brady, He’s Organizations: Tampa Bay Buccaneers, Buccaneers, Philadelphia Eagles, Casa de Klub, Eagles, Bucs Locations: Tampa Bay
For more on the Senate Republican leadership race, watch “Inside Politics with Manu Raju,” this Sunday at 8 a.m. EDT. If Republicans regain control of the Senate, a President Harris would have to rely on the next GOP leader to schedule a vote on a Supreme Court nominee. “It depends,” Texas Sen. John Cornyn said when asked if a Harris Supreme Court pick would get a vote in a Senate that he would lead. “We’ll cross the bridge when we come to it,” Thune said when asked last week if he’d allow a Harris Supreme Court pick to be confirmed. Asked how he would work with a President Harris, Cornyn deadpanned: “We would be the loyal opposition.”
Persons: Manu Raju, , Kamala Harris, Harris, Mitch McConnell, Texas Sen, John Cornyn, ” Cornyn, I’m, John Thune, ” Thune, ” Sens, Tom Williams, Antonin Scalia, Barack Obama, Sen, Rick Scott of, McConnell, don’t, Trump, Cornyn Organizations: Republican, ,  Washington CNN, Senate, GOP, CNN, Harris Supreme, Harris, South Dakota Republican, Republican Senate, , Texas Republican, Inc, Getty, Florida — Locations:  Washington, Texas, South Dakota, Washington, Rick Scott of Florida, Florida, Republican Senate
Angela Weiss | AFP | Getty ImagesAs she unveiled her most detailed economic plan yet this week, Democratic presidential nominee Kamala Harris pledged to fight price gouging in order to rein in voters' grocery costs. Although Harris released more detail Wednesday as part of her 82-page economic plan, it's still unclear what price hikes her administration would see as illegal "price gouging." Generally, Republicans support fewer economic regulations, although Trump has suggested limiting food imports as a way to lower grocery prices. What is price gouging? Thirty-seven U.S. states already have laws that forbid price gouging in emergencies.
Persons: Kamala Harris, Doug Emhoff, Angela Weiss, Donald Trump, Harris, it's, Walz, Trump, YouGov, Rakeen Mabud, Mabud, Mario Tama, markups, , Jerome Powell —, Sarah Gallo, Brian Cornell, Jharonne Martis, Brandon Bell, Kroger, Arun Sundaram, Sundaram, JBS, Joe Raedle Organizations: Democratic, AFP, Getty, Trump, Bureau of Labor Statistics, Voters, Federal Reserve Bank of Kansas, Consumer Brands Association, Federal Trade, Department of, Kroger, Procter, Gamble, Albertsons, Federal Trade Commission, CFRA Research, Pilgrim's Pride Corporation Locations: Coraopolis , Pennsylvania, Los Angeles , California, Federal Reserve Bank of Kansas City, Houston , Texas, Miami , Florida
Trump, more so than any American president in modern history, has directly targeted individual US businesses, threatening them with everything from boycotts and canceled federal contracts to unthinkably high tariffs. Deere, the farm equipment maker founded nearly 200 years ago, became just the latest storied brand to get singled out by Trump. Bigger picture, the attack on Deere fits a broader pattern of Trump bullying companies when it suits him. “John Deere is an outstanding company. “Ultimately, it would lead to fewer sales, less revenue, less growth and fewer employees for John Deere,” said McDaniel, now a senior research fellow at George Mason University’s Mercatus Center.
Persons: New York CNN —, John Deere, they’ve, Donald Trump, Trump, “ Trump, Bill George, , Nordstrom, Ken Frazier, Donald J, Trump’s, Julian Zelizer, Harry Truman, John F, Kennedy, Teddy Roosevelt, , Zelizer, ” Zelizer, ’ Trump, “ I’m, we’ll, ” Trump, George, “ John Deere, ” Christine McDaniel, George W, Bush, Deere, McDaniel, George Mason University’s, Billionaire Mark Cuban, Kamala Harris, Washington, Mary Lovely, ” Lovely Organizations: New, New York CNN, New York CNN — Apple, General Motors, Facebook, Trump, Deere, CNN, White, Apple, San Bernardino, FBI, US Postal Service, Boeing, Air Force, Motors, Merck, Meta, CNBC, Google, Princeton University, Harvard University, Center, Billionaire, Fox News, Street Journal, Peterson Institute for International Economics Locations: New York, Midwest, Mexico, San, Charlottesville , Virginia, United States, Pennsylvania, American, North America, Canada
When Warren Buffett, the ultimate buy-and-hold investor, sells a stock, it often sends a negative signal about the underlying business and maybe even the entire industry. "We're more reluctant to sell them than most people," Buffett said of his large positions at Berkshire's annual meeting in 2009. Bank of America sales Many top holdings in Berkshire Hathaway's equity portfolio are decades old — Buffett has held Coca-Cola shares since 1988 and American Express since 1991. Buffett said bank failures in 2008 during the Global Financial Crisis , and again in 2023, lessened confidence in the system, made worse by poor messaging by regulators and politicians. At the time, Buffett foresaw more bank failures down the road , but stuck with his Bank of America investment, partly because he personally negotiated the original deal and admired CEO Brian Moynihan.
Persons: Warren Buffett, Buffett, — Buffett, Goldman Sachs, Wells, BofA, digitalization, fintech, It's, Brian Moynihan Organizations: Herald, Buffalo News, Bank of America, American Express, Oracle, JPMorgan, U.S . Bancorp ., Silicon Valley Bank, First, Signature Bank Locations: Omaha, Berkshire, BofA, Wells Fargo, U.S, U.S . Bancorp . Berkshire, Bank, Silicon, First Republic, saviors
YES KOO CAN FOX | NFL+ pic.twitter.com/eMlvhWUiLq — Atlanta Falcons (@AtlantaFalcons) September 29, 2024Meanwhile, in Indianapolis, it was just like the old days: Joe Flacco going against the Pittsburgh Steelers. True or false: The Colts are more of a threat to win the AFC South this season with Joe Flacco than with Anthony Richardson. Flacco has seen and done it all, and he does bring a veteran presence and poise that can help a team win games. While Richarson, who leads the NFL with six interceptions, is the future, Flacco does give the Colts the best chance to win right now. It is true that Joe Flacco gives the Colts a better chance at the AFC South crown than a limited Anthony Richardson.
Persons: Joe Flacco, Mike Jones, Ted Nguyen, Saad Yousuf, Anthony Richardson, Jones, he’s, Flacco, Richarson, Richardson, benching, Yousuf, , Baker Mayfield, Derek Carr, Kirk Cousins, Doug Pederson, Trevor Lawrence, Pederson hasn’t, Lawrence . Nguyen, I’m, Pederson isn’t, hasn’t, Pederson, there’s, Press Taylor, Justin Casterline Organizations: Bucs, Philly, Falcons, New, FOX, Atlanta Falcons, Pittsburgh Steelers, The Athletic NFL, Colts, AFC South, NFL, Flacco, AFC, Sunday’s Browns, Raiders, Texans, NFC, Mayfield, Buccaneers, Carolina Panthers, Dallas Cowboys, Cowboys, Eagles, Tampa, Philadelphia, The Falcons, Kansas, Jaguars, Bills, Press Locations: New Orleans, Indianapolis, Tampa, Kansas City
If Cowie did her job search over, she'd cast a more narrow net from the start. If she had to redo her job search, Cowie would have done a few things differently. During her job search, she applied to several account manager, customer success manager, and project manager roles. "Towards the end of my job search, when I didn't have anything, I was like, 'Oh my God, did I make a huge mistake? Cowie said she wouldn't have changed how she networked during her job search, relying on both her friend circle and LinkedIn.
Persons: Chantal Cowie, Cowie, she'd, , hadn't, would've Organizations: Service, Business
However, there's an interesting dynamic at play in pivotal swing states like Arizona, Michigan, and Pennsylvania headed into November: A relatively small but significant bloc of Trump voters are also backing Democratic Senate candidates. In Michigan, Democratic Rep. Elissa Slotkin led Rogers by five points (47% to 42%). If Harris wins in November and Democrats win exactly 50 seats, then Minnesota Gov. But should Trump win the election and pro-Trump ticket-splitters help Democrats keep their majority, it would pump the brakes on a conservative agenda. AdvertisementA Democratic Senate would serve as a check on Trump.
Persons: Donald Trump, , John Kerry, — Blanche Lincoln, Byron Dorgan — coasted, Democrat Joe Biden, Republican Susan Collins, Kamala Harris, Harris, Biden, Trump, Kari Lake, Mike Rogers of, Bernie Moreno, David McCormick of, he's, Elissa Slotkin, Andrew Harnik, Democratic Sen, Sherrod Brown, Moreno, Brown, Ruben Gallego, Rogers, Bob Casey Jr, Tammy Baldwin, it'll, Montana Sen, Jon Tester, Republican Tim Sheehy, Tim Walz Organizations: Service, Democratic, GOP, Democrat, Republican, Trump, David McCormick of Pennsylvania, New York Times, Siena College, Buckeye State, Democratic Rep, Democrats, Minnesota Gov, Republicans Locations: Arkansas, North Dakota, Maine, Arizona , Michigan, Pennsylvania, Kari Lake of Arizona, Mike Rogers of Michigan, Bernie Moreno of Ohio, Siena, Arizona , Michigan , Ohio, Wisconsin, , Ohio, Michigan, Arizona, In Michigan, Sens, Ohio, Montana, Florida, Texas, Minnesota
The name gameIn May, California’s “Metropolitan Oakland International” changed its name to “San Francisco Bay Oakland International Airport” – despite the fact that San Francisco International Airport is just 30 miles (48 kilometers) away. Some travelers have shown up at the wrong airport, according to San Francisco City Attorney David Chiu. Maureen O'Hare/CNNMixing up similar-sounding airport names is just one of the things that can go wrong for travelers. Meanwhile, belonging to a frequent flyer program can give you access to airport lounges or help you score an upgrade. Patricia Mahan and Dan Matarazzo left Arizona for Mexico in 2006.
Persons: Helene, California’s, There’s, David Chiu, , Mary Richardson, Maureen O'Hare, Patricia Mahan, Dan Matarazzo, Patricia, Dan Fresh, , Mahan, “ Kritsa, ” Patricia, Dan, Sofia, Dan New, They've, Tommy Cahill, iStock, ” Mahan, Alexander Spatari, Caesar, Giorgio Franchetti, grouses Organizations: CNN, California’s “ Metropolitan Oakland International, “ San Francisco Bay, International, San Francisco International, San, Oakland, Department of Transportation, CNN Travel, Getty, Cathay Locations: Mexico, San Francisco Bay, California’s “, “ San Francisco, Port, Oakland, San Francisco City, San Francisco, Bucharest, Budapest, Tucson , Arizona, Greece, Kritsa, Agios Nikolaos, Crete, Arizona, North America, Europe, Rome, Cathay Pacific
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailInside the first all-female hacker house in San FranciscoHackHer House is the first all-female hacker house in the San Francisco Bay Area, aimed at empowering women in tech. The house provides affordable living for founders working on startups, from AI-driven tools to senior care solutions. Backed by venture capital, it fosters collaboration in a competitive environment. In a male-dominated industry, this space creates a supportive community where women can thrive. CNBC met with the founders to discuss their vision for the future.
Organizations: San Francisco Bay Area, CNBC Locations: San Francisco, San Francisco Bay
What’s more surprising, however, is that one House Democratic just introduced a bill to codify Trump’s 10% across-the-board tariffs, revealing how the long-dormant trade policy splits both parties. But they largely fell out of favor during the late 20th century as the U.S. led a global free trade revolution. Despite Harris and other attacks on Trump's tariffs, the Biden-Harris administration decided to keep some of the tariffs Trump imposed during his first term on Chinese steel and aluminum and even increase the fees on strategic sectors like electric vehicles and semiconductors. Still, Biden and Harris have consistently criticized across-the-board tariffs as “indiscriminate” instruments that risk “undermining our alliances,” arguing targeted sanctions do not carry the inflationary risks of wider spread one. Most say the data is clear that freer trade leads to greater economic growth and they say Trump's across-the-board tariffs would raise inflation and could cost jobs.
Persons: Donald Trump, Kamala Harris, ” Trump, Jared Golden, Trump, , , ” Harris, He’s, Sen, Rand Paul, Harris, Still, Biden, Golden, ” Golden Organizations: GOP, Democratic, MSNBC, Trump, Biden Locations: LINCOLNVILLE, Maine, Athens, U.S, American, Ky, Golden's
New U.S. tariffs on $18 billion in Chinese goods take effect Friday as trade tensions intensify between the world’s two largest economies. For example, the U.S. imports almost no Chinese EVs, largely because of an existing 27.5% tariff that is now increasing to 100%. Lithium-ion batteries, however, are a different story, accounting for about $13 billion of the $18 billion in affected Chinese goods. Similarly, the U.S. has been increasing its Chinese imports of natural graphite, another crucial component of EVs. “Cheaper Chinese solars and cheaper Chinese EVs can actually take jobs away from a lot of manufacturers in, say, the West.
Persons: Donald Trump, Joe Biden, Trump, Chim Lee, ” Lee, Charles Benoit, “ that’s, Benoit, , Biden, Julie Kozack, Lee, it’s Organizations: Economist Intelligence Unit, Biden, China, European, Coalition for, Prosperous, International Monetary Fund, U.S Locations: U.S, Beijing, China, Asia, Southeast Asia, Mexico, Malaysia, Prosperous America
CNN —Vice President Kamala Harris and former President Donald Trump are tied among likely voters in North Carolina, while Harris holds a comfortable lead in Nebraska’s 2nd Congressional District, according to two new CNN polls conducted by SSRS. In North Carolina, Harris and Trump stand at 48% each among likely voters. In Nebraska’s 2nd District, the so-called blue dot encompassing Omaha, Harris has 53% to Trump’s 42%, the poll finds. An 86% majority of Democratic likely voters and 69% of independent likely voters favor keeping the current system, while 69% of GOP likely voters say they’d rather move to a winner-take-all system in the state. But just 41% in North Carolina say they’re very confident, rising to a 59% majority in Nebraska’s 2nd District.
Persons: Kamala Harris, Donald Trump, Harris, SSRS, Mark Robinson, Trump, Barack Obama, Joe Biden, they’ve, White, Biden, Brian Snyder, Josh Stein, Robinson, Stein, Tony Vargas, Don Bacon, Vargas, Bacon, Jim Watson, CNN’s Jennifer Agiesta, Edward Wu Organizations: CNN, Congressional, Gov, Democratic, Trump, North, Nebraska’s, Sun, College, Cornhusker State, Republican, Obama, Biden, Reuters Male, GOP, Republican Rep, Republicans, Getty Locations: North Carolina, Nebraska’s, The, Carolina, Omaha, Nebraska, Maine, Wilmington , North Carolina, Congress, Trump, North Carolina’s, North, Charlotte , North Carolina, AFP, The Nebraska
Brokerages have also jumped in on the action, with several companies dropping the rates they pay on sums held in cash sweep accounts. Charles Schwab recently trimmed its cash sweep rate to 20 basis points, where it was previously 45 basis points, according to an analysis by Bank of America. Wells Fargo also dropped rates by 3 basis points to 30 basis points, based on the level of clients' household assets. A few outliers still pay solid rates on idle cash Brokerages take different approaches toward cash sweeps, with some firms opting to keep rates low even when the Fed was hiking rates. Even as yields are expected to continue falling, a couple of brokerages continue to offer competitive rates, Bank of America found.
Persons: Marcus, Goldman Sachs, Wells, Michael Kaye, Charles Schwab, Wells Fargo, Robinhood, Ryan Salah, We've Organizations: Federal Reserve, Fed, Discover Financial, Bank of America, Wells, Advisors, Interactive, Robinhood, Capital Financial Partners Locations: Wells Fargo, Towson , Maryland
Piper Sandler upgrades Accenture to overweight from equal weight Piper upgraded the IT company following its earnings report. Goldman Sachs reiterates Costco as buy Goldman says it's sticking with the stock following earnings on Thursday. Citi downgrades Dollar General to sell from neutral Citi says it sees too many competitive challenges. JPMorgan adds Best Buy to the focus list JPMorgan says it sees an "improving product cycle" for Best Buy. Bank of America downgrades HP to neutral from buy The firm says it sees slowing earnings per share growth.
Persons: Morgan Stanley, Wynn, Piper Sandler, Piper, Goldman Sachs, Goldman, it's bullish, it's, Raymond James, Mercado, Roth MKM, Roth, Cantor Fitzgerald Organizations: Wynn Resorts, Deutsche Bank reinstates Dell, Deutsche, DELL, NASDAQ, Costco, " Bank of America, Apple, Bank of America, Apple Intelligence, UBS, Vista Energy, Citi, Pepsi Citi, Catalyst, Walmart, Cava, Mercado Libre, JPMorgan, Chesapeake Energy, Barclays, Netflix, HP Locations: UAE, Macau, BMBL, CAVA, HPQ
Trump's plan for a 10% tariff on all imports has been panned by Democrats and Republicans alike. Vice President Kamala Harris has even called it the "Trump Sales Tax." Vice President Kamala Harris has characterized the plan as the "Trump Sales Tax." Despite that, a rebellious House Democrat just introduced a bill that would write those tariffs into law. A self-described "progressive conservative," the Maine Democrat frequently votes for Republican-led resolutions and bills in Congress.
Persons: Kamala Harris, Jared Golden of, , Donald Trump's, Mitch McConnell, Jared Golden, Golden, It's, Trump, Biden —, he's, Austin Theriault Organizations: Republicans, Democratic, Service, Trump, Democrat, Labor, Trade, United States of, Maine Democrat, Republican, GOP Locations: Jared Golden of Maine, United States, Maine, United States of America
CNN —The Supreme Court on Friday rejected a request from Robert F. Kennedy Jr. to appear on New York’s presidential ballot even though he suspended his campaign last month and backed former President Donald Trump. The high court turned away Kennedy’s longshot appeal without comment and there were no noted dissents. I want you to vote for Donald J. Trump,” Kennedy said. It’s the second presidential ballot access appeal to reach the Supreme Court in recent weeks, underscoring the spoiler role third party and independent candidates can play in tight elections. On Friday, the Supreme Court denied an emergency request from the Green Party to ensure presidential candidate Jill Stein could appear on the ballot in the battleground state of Nevada.
Persons: Robert F, Kennedy Jr, Donald Trump, Kennedy’s, , , Kennedy, , Trump, Donald J, ” Kennedy, Jill Stein, CNN’s Aaron Pelilsh, Ali Main, Steve Contorno Organizations: CNN, Trump, Republicans, US, Appeals, Green Party Locations: , New York, Walker , Michigan, Washington, Nevada
Which Battleground State Voters Could Sway the Election? It says that in order for Democrats to win, Black voters must make up 30 percent of all voters and at least 30 percent of white voters must vote Democratic. Black voters, who cast nearly a third of the ballots in 2020, overwhelmingly favored Mr. Biden — by almost 90 percent. That’s because educational attainment divides mostly white voters, and many of Nevada’s less-educated voters are not white. Even so, that wasn’t enough for him to overcome the coalition of white voters with a college degree and voters of color who delivered Mr. Biden a victory.
Persons: they’ve, Biden, Biden’s, Donald J, Trump, , Mark Kelly, , Samara Klara, Charles S, Bullock, Kamala Harris, Andra Gillespie, , “ There’s, Matt Grossmann, David Damore, suburbanites, Chris Cooper, Trump’s, Charles Franklin Organizations: Hispanic, The New York Times, White Hispanic, Democratic Senate, Mr, Biden, University of Arizona ., White, University of Georgia, Democratic, Black, Georgia, Emory University . Georgia, Suburban, Arab American, Michigan, , Michigan State University, Israel, Democratic Party, University of Nevada, Rural, Voters, North, Western Carolina University, Wisconsin, University of Wisconsin ., Marquette Law Locations: The, Arizona, U.S, University of Arizona . Georgia, Georgia, Michigan, Detroit, American, Gaza, Nevada, Las Vegas, , Carolina, North Carolina, Greensboro, Asheville, Trump, ” Pennsylvania, Pennsylvania, Pittsburgh, Pennsylvania’s, Philadelphia, Wisconsin, Milwaukee, Madison, University of Wisconsin . Wisconsin, Dane County
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
Micron surged over 15% after strong revenue and profit forecasts driven by AI spending. Other chip stocks also rallied on Thursday after Micron's revenue guidance. AdvertisementMicron surged over 15% on Thursday after reporting strong revenue and profit forecasts, spurred by continued artificial intelligence spending. Micron projected its next quarter's revenues to be between $8.5 billion and $8.9 billion, above the $8.3 billion analysts anticipated. AdvertisementThe chipmaker's rosy forecast is a sign that it is another winner of the AI spending boom.
Persons: , Sanjay Mehrotra, wasn't, Matt Bryson Organizations: Micron, Service, US, Nvidia, Samsung Electronics, SK Hynix, Tokyo Locations: HBM, South Korea
The high price of weight-loss drugs is frustrating for patients who can't access them, a doctor said. Patients struggle to afford these drugs, leading to cycling, rationing, or using risky alternatives. AdvertisementPharmaceutical companies are facing a new wave of criticism for the high price of groundbreaking weight-loss drugs. The latest generation of these class of drugs, medications like Ozempic, Wegovy, Mounjaro, and Zepbound, are once-weekly injections. The competitive pressure will also help drive prices lower as companies aim to attract consumers back to their brand with cheaper options for weight-loss drugs.
Persons: , Dr, Christopher McGowan, McGowan, that's, they've, Ted Kyle, Kyle Organizations: Service, Pharmaceutical, FDA
In today’s edition, national political reporter Ben Kamisar breaks down the latest installment of the NBC News Deciders Focus Group series, which featured young men from battleground states who are skeptical of both candidates. For him or against him, young men see the election as all about TrumpBy Ben KamisarNew focus groups of skeptical young men planning to vote in this fall’s most critical battleground states illustrate how, for them, this election is all about Donald Trump. The battle for young votersPolling has shown a significant gender gap in the presidential race, with Trump holding the upper hand among men and Harris with women. The two campaigns have been vocal about their attempts to win over young men — Trump through the world of influencers and combat sports, and Harris through targeted ads and the refrain about vice presidential nominee Tim Walz’s past as an assistant football coach. Read more → Follow live updates from the campaign trail →That’s all from the Politics Desk for now.
Persons: Ben Kamisar, Jonathan Allen, Donald Trump, , Harris, ” “ Kamala Harris, MAGA, John M, Trump, , , Drake, SurveyMonkey, — Trump, Tim Walz’s, → Harris, Garrett Haake, Sen, Mike McDonnell —, — Sen, Lindsey Graham, Jane Kleeb, McDonnell, Harris ’, Joe Biden, Ben Kamsiar, Kamala Harris ’, Donald Trump’s, Alex Conant, — we’ve, ” Conant, Read, loos Organizations: NBC, White House, Capitol, Capitol Hill, Trump, Wisconsin —, Syracuse University, Democratic, Republican Party, GOP, Trump reminisced, Congressional, Electoral, Republican, Democrats ’, Nebraska Democratic Party, NBC News, doling, Republicans, ntr, aig Locations: Nebraska, Michigan , Pennsylvania, Wisconsin, Pennsylvania, Philadelphia, Omaha, — Maine, Nebraska’s, Omaha —, Pennsylvania , Michigan, Georgia
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