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In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailSK Hynix stands to benefit from increased AI demand, says analystNam Hyung, research partner and equity research analyst at KIM Arete, discusses SK Hynix's record earnings and demand for its AI memory products.
Persons: Nam Hyung, KIM Arete Organizations: SK Hynix, SK Hynix's
CNN —University of South Florida men’s head basketball coach Amir Abdur-Rahim died Thursday from complications during a medical procedure, the university said. “Coach Abdur-Rahim leaves a lasting impact on our student-athletes, the University, and the community,” Kelly continued. In 2019-2020, the Owls went 1-28 but under Abdur-Rahim, the program turned it around and three years later, made it to the NCAA tournament. We are heartbroken over the passing of Coach Abdur-Rahim. pic.twitter.com/h353f3FNno — USF Men's Basketball (@USFMBB) October 24, 2024In 2022-2023, the Owls finished with a 26-9 record and Atlantic Sun Conference (ASUN) regular-season and tournament titles.
Persons: Amir Abdur, Rahim, Michael Kelly, Abdur, ” Abdur, ” Kelly, h353f3FNno —, Xavier, Rhea Law, , Law, Shareef, CNN’s Coy, , Arianne Organizations: CNN — University of South, CNN — University of South Florida men’s, USF, Bulls Nation, Bulls, American Athletic Conference, University, Kennesaw State Owls, Owls, NCAA, h353f3FNno — USF, Atlantic Sun Conference, NBA, Arkansas Locations: CNN — University of South Florida, Tampa, Kennesaw, Florida, Jacksonville
CNN —With confetti falling from the rafters, a boisterous Brooklyn crowd bellowing and the victorious New York Liberty celebrating, the curtain fell on the 2024 WNBA season. ‘The perfect storm’The latest edition of the WNBA season had all the hallmarks for booming success, with all the pieces falling into place almost serendipitously. The Fever superstar also set rookie season records for both points and three-pointers made and became the first rookie to get a triple-double. Las Vegas Aces star A'ja Wilson was named WNBA MVP for the third time following the 2024 season. It’s super exciting and kind of crazy to say that.”The New York Liberty beat the Minnesota Lynx to win the 2024 WNBA Finals at Barclays Center.
Persons: LaChina Robinson, Caitlin Clark, Angel Reese, it’s, ’ ” Robinson, Robinson, , agonizingly, Liberty –, Sarah Stier, ” Robinson, “ I’m, , Chelsea Gray, Charisma Osborne, ” Osborne, They’ve, Clark, Reese, A’ja Wilson, Darron Cummings, Osborne, “ It’s, UConn’s irrepressibly, Paige Bueckers, Wilson, “ We’ve, , A'ja Wilson, Kirby Lee, they’ve, Maya Moore, Diana Taurasi, we’ll, Wendell Cruz, Gray, I’ve Organizations: CNN, New York Liberty, WNBA, CNN Sport, Minnesota Lynx, Liberty, Barclays Center, Phoenix Mercury, Aces, ESPN, UCLA, Indiana, Chicago Sky, Sky, Las Vegas Aces, USA, Sports, Reuters, YouTube, Area Locations: Brooklyn, Nevada
In the latest Hollywood movie bidding war, the battle between a theatrical and a streaming release could not have been more stark. And in this case, theaters won out. The film will star Margot Robbie as Catherine Earnshaw and Jacob Elordi from “Saltburn” as the rageful Heathcliff. Ms. Robbie’s company and its partner, independent studio MRC, have instead been won over by Warner Bros., the studio said on Thursday. The company offered them around $80 million plus a significant marketing commitment, according to a person with knowledge of the decision.
Persons: Emily Brontë’s, , Emerald Fennell, , Margot Robbie, Catherine Earnshaw, Jacob Elordi, Saltburn ”, Heathcliff, Robbie, Tom Ackerley, Josey McNamara Organizations: Netflix, MRC, Warner Bros Locations: Wuthering
Michael Flynn speaking at a ReAwaken America Tour event in Manheim, Pennsylvania on October 21, 2022. But he is suing the ReAwaken America Tour and The America Project as part of separate defamation lawsuits. Funding a sham 2020 election auditFlynn’s efforts to cast doubt on the 2020 election results were only getting started when Trump left office. Clay Clark on stage at the final stop of the ReAwaken America Tour event 17 days before the 2024 election. ‘Don’t just finish on Election Day’Consequences have mounted for others who echoed Trump election lies during and after the election.
Persons: Donald Trump’s, Michael Flynn, Flynn, Eric Coomer, Coomer, ” Flynn, , Chris Cuomo, Alex Jones ’, Rod, Trump, , Katy, ” Flynn –, , MAGA, , they’ve, Mark Peterson, Joseph, Mike Flynn, he’s, Olivia Troye, Mike Pence, Troye, ” Troye, Kamala Harris, Dominion —, “ Eric Coomer, Joshua Steinman, Sidney Powell, Rudy Giuliani, Josh, ” Powell, Joe Biden, Steinman, Guy, Michael Lindell, Patrick Byrne, they’re, Christopher Demspey, William Barr, Dominion, Powell, Donald, Tayfun, Jamie Raskin, ” Raskin, Joseph Flynn, Overstock.com, Byrne, Dempsey, ” Joseph Flynn, Michael Flynn’s, Joe Biden’s, Biden, Matt York, Doug Logan, Logan, won’t, Clay Clark, Clark, Carrie Schreck, Joe Oltmann, Oltmann, Eric ”, ‘ Don’t, Powell –, Jenna Ellis, Giuliani, retakes, Flynn’s, Elon Musk, We’ve Organizations: CNN, Dominion Voting Systems, Dominion, ReAwaken, Trump, Iron Ministries, Defense Intelligence Agency, Fox News, America, National Security Council, White, Lindell, ReAwaken America, The America, TAP, National, FBI, Justice Department, Department of Homeland, Defense, Capitol, Washington DC, Anadolu Agency, Getty, Democrat, Coomer, America Project, Veterans Memorial Coliseum, Colorado podcaster, Republican National Committee, Elon Locations: ReAwaken America, Pennsylvania, Manheim , Pennsylvania, Afghanistan, Russian, Washington, Arizona, Maricopa, Florida, Phoenix, Georgia, Oklahoma, Tulsa, , Fulton County, Georgia, New York, America, Selma , North Carolina
The New York Liberty defeated the Minnesota Lynx to become first-time WNBA champions. AdvertisementThe New York Liberty celebrated its WNBA championship victory with a parade through Manhattan's Financial District on Thursday in a picture-perfect conclusion to a record-shattering season. On Sunday, the Liberty defeated the Minnesota Lynx 67-62 in overtime of game five of the WNBA finals to bring home the team's first-ever championship. The Liberty broke revenue and attendance records this yearFrom the drafting of powerhouse rookies like Caitlin Clark and Angel Reese, the 2024 WNBA season was destined to be different. Viewership was up, too, with an average of 1.19 million viewers — a 170% increase from last season — making it the most-watched WNBA regular season on ESPN in history.
Persons: , Breanna Stewart, New York —, Ja, Caitlin Clark, Angel Reese, isn't Organizations: New York Liberty, Minnesota Lynx, WNBA, Service, York Liberty, Manhattan's Financial, Liberty, New York, Associated Press, Sports, ESPN, Nielsen Locations: Lower Manhattan, New, York, Sportico
Below, two gold experts share four ways investors can add gold to their portfolios. AdvertisementIn general, physical gold is a less liquid way to own the asset and is quite costly. Synthetic gold ETFs don't hold physical gold, investing instead in gold derivatives such as futures and options. In Milling-Stanley's opinion, investing in mining stocks instead of directly investing in gold erodes some of the metal's portfolio protection, as mining stocks behave more in line with the general equity market. Royalties limit the holder's exposure to the risks associated with directly investing in mines, such as exploration, development, and regulatory compliance.
Persons: , Jeff Muhlenkamp, they'll, George Milling, Stanley, Muhlenkamp Organizations: Service, Costco, Muhlenkamp & Company, State Street Global Advisors, Trust, MiniShares, Mining, Eagle Mines, Newmont Mining Corp, Wheaton Precious Metals Locations: Franco, Nevada
'We set our production record in this quarter,' says Equinor CEO
  + stars: | 2024-10-24 | 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 Email'We set our production record in this quarter,' says Equinor CEOAnders Opedal, CEO of Equinor, discusses third-quarter results and the energy industry.
Persons: Anders Opedal
New York CNN —A former Sports Illustrated swimsuit model is alleging that former President Donald Trump groped her in the 1990s, in what she believes was an attempt to show off for Jeffrey Epstein. “These accusations, announced on a Harris Campaign call two weeks before the election, are false,” said Trump campaign spokeswoman Karoline Leavitt. Trump and EpsteinWhen she and Epstein left Trump Tower, Williams said that he was silent while they rode down the elevator. After Epstein was charged, Trump told reporters that he did not know about his misconduct. “I was not a fan of Jeffrey Epstein,” Trump said.
Persons: New York CNN —, Donald Trump groped, Jeffrey Epstein, Stacey Williams, Epstein, Williams, Trump, , didn’t, ” Williams, , “ Stacey, Donald, Kamala ”, Kamala Harris ’, Harris, Karoline Leavitt, Doug Emhoff ‘, , Emhoff, Epstein “, “ Donald, Epstein –, , she’s, Jean Carroll, Jeff, ” Trump, she’d, CNN’s Scott Glover Organizations: New, New York CNN, CNN, Trump, New York Magazine, Sports, Democratic, Tech, Obama Locations: New York, Trump, New York City, Beach, Lago, City
This, despite the fact that younger investors were more optimistic about the economy, their incomes, their living situations, and their investments. Millennial investors have been deeply scarred by two life-changing crises in their young lives. But if you look at hard numbers from the Federal Reserve about what millennial investors actually own, you can see that this stereotype is misguided. When you compare millennials' cash levels with Gen X's cash levels at the same age, though, the risk aversion becomes clear. But when it comes to younger investors, I think the scars run deeper than worries about a coming downturn.
Persons: Cash, it's, millennials, Gen Xers, boomers, There's, would've, you'd Organizations: Bank of, Federal Reserve, University of Michigan, Occupy, Dow, Netflix Locations: eToro, United States, YOLO
But there are some weak points — like a growing federal debt load. There are a few less-rosy data points out there, like rising long-term unemployment and a historically high level of federal debt. Federal debt is high compared to GDP, even looking beyond the spike of the debt as a share of GDP during the pandemic. While federal debt as a share of GDP was slightly above 100% before the pandemic, recent figures are much higher than in the past. Federal debt was 120% of GDP in the second quarter of this year.
Persons: , Kamala Harris, Donald Trump, Mark Hamrick, Kurt Reiman, Reiman, They're, aren't, Hamrick, There's, Biden Organizations: Service, The New York Times, Siena College, Pew Research, Associated Press, NORC, for Public Affairs Research, University of Michigan's, Consumers, UBS Global Wealth Management, Federal Reserve, MarketWatch Locations: America, Wells Fargo
Tech billionaire Darwin Deason has spent about $86 million creating his own personal Versailles. It took years to finish the Sand Castle, his Pacific Ocean-front estate in La Jolla, California. The tech billionaire has listed his opulent estate overlooking the Pacific Ocean in La Jolla, California, for $108 million. AdvertisementOver about six years, the Journal said, Deason spent about $60 million turning the lots into a sandy-colored, balcony-laden 13,000-square-foot mansion. Deason mainly uses the 10-bedroom property, located at 1900 Spindrift Drive and dubbed the Sand Castle, as a vacation retreat.
Persons: Darwin Deason, Deason, , Darwin, Egon Durban, Forbes, Brett Dickinson, Ross Clark Organizations: Tech, Service, Affiliated Computer Services, Xerox, Wall Street, of, Compass Locations: Versailles, La Jolla , California, Diego County, of Versailles, South of France, Dallas, Texas, Mexico, La Jolla
After months of that mounting pressure — plus an investor lawsuit — Stellantis confirmed that Tavares would retire after his contract expires in early 2026. A Stellantis spokesperson said the investor lawsuit is without merit, and the company plans to "vigorously defend itself." "If a customer has an older Stellantis product, the odds of buying a new one are very, very diminished, especially compared to the rest of the industry," Drury said. Stellantis, in return, has filed a lawsuit accusing the union of violating the contract with its strike authorization votes. AdvertisementAfter a historic strike at all three Detroit car companies last fall, the UAW won the right to strike over product commitments.
Persons: Carlos Tavares, Tavares, , Stellantis, — Stellantis, Kevin Farrish, Dave Kelleher, Kelleher, Jeep, Dodge, Ivan Drury, Edmunds, Drury, Carlos, Shawn Fain Organizations: Investors, Service, Fiat Chrysler Automobiles, France's PSA Groupe, United Auto Workers, UAW, Chrysler, Dodge, Stellantis, Renegade, Cherokees, Hyundai, Cox Automotive, Detroit, Cherokee Locations: North America, Portuguese, Pennsylvania, Illinois
Grainge, the CEO of Universal Music Group, is going on offense when preparing the major label for an AI wave in music. For example, he's working with YouTube on its "music AI incubator," a program that brings together talent from Universal to gather insights for YouTube's generative AI research. He's setting up AI deals with Endel, SoundLabs, and BandLab. He's partnering with the AI attribution tool ProRata.ai to lay the groundwork to pay content owners for AI-generated materials. The executive also isn't afraid to go to battle over unauthorized generative AI, suing Anthropic and AI music platforms like Suno and Udio around training data, as well as publicly fighting for AI protections in licensing contracts with distributors like TikTok and Meta.
Persons: Endel, Anthropic Organizations: Universal Music Group, YouTube, Universal
The USS Washington submarine was awarded the Presidential Unit Citation after a series of secret intel operations. The PUC is the highest unit award in the US Department of Defense. AdvertisementA US attack submarine crew was honored with a top award after running "demanding" secret intelligence-gathering missions. The crew's recent deployment involved "three demanding missions vital to national security that resulted in obtaining sensitive and unique intelligence information," the Navy said. The Virginia-class fast-attack submarine USS Indiana surfaces in the Beaufort Sea during Operation Ice Camp.
Persons: , Timothy Poe, Joe Biden, Ace Foster, Rob Gaucher Organizations: USS, intel, PUC, US Department of Defense, Service, Sixth, Submarine Forces Atlantic, Navy, Camp, US Navy, Ace, Department of Defense, Submarine Forces, Huntington Ingalls Industries, General Dynamics ' Locations: USS Washington, Virginia, Russia, Europe, Africa, Washington, Indiana, Beaufort, III Virginia
SpaceX's Crew-8 from right to left: NASA astronauts Jeanette Epps, Matthew Dominick, Michael Barratt, and Roscosmos cosmonaut Alexander Grebenkin. Williams and Wilmore, for the record, have now been on the space station more than 18 weeks. The SpaceX Dragon Endeavour spacecraft is pictured beyond the Candarm2 robotic arm moments after undocking from the Harmony module of the space station with four Crew-8 members. And NASA previously confirmed the Starliner astronauts are prepared to make such a shift. Extended stays in spaceIt’s not uncommon for astronauts to unexpectedly extend their stay aboard the space station — for days, weeks or even months.
Persons: Suni Williams, Butch Wilmore —, Williams, Wilmore, Matthew Dominick, Michael Barratt, Jeanette Epps, Alexander Grebenkin, Roscosmos, SpaceX Williams, That’s, Wilmore —, Cardman, Stephanie Wilson —, Boeing’s Starliner, they’re, , Dana Weigel, “ Butch, Suni, ” Weigel, , Nick Hague, Russia’s Aleksandr Gorbunov, ” Williams, Frank Rubio, yearlong, “ I’m Organizations: CNN, International Space Station, NASA, SpaceX, ISS, SpaceX's, Cape Canaveral Space Force, SpaceX’s, Spaceflight, Boeing, Expedition, Space Station Locations: Florida, Russian
The ball Shohei Ohtani launched for his 50th home run of the season, having also stolen 50 bases, was bought at auction early Wednesday for more than $4.3 million. Ohtani, the Los Angeles Dodgers phenom, became the first player to reach the 50/50 milestone in a season in September, widely considered one of the greatest achievements in baseball history. New Jersey auction house Goldin said it was the highest price paid for a baseball — or any other ball — in history. It was one of three home runs he hit that night alone — his 51st season home run ball is also up for sale. Afterward, attention naturally turned to the fate of the ball, with collectors keen to own such a unique item.
Persons: Ohtani, Goldin, “ Shohei Ohtani, , Ken Goldin, Mike Baumann Organizations: Los Angeles Dodgers phenom, Florida Marlins, Marlins Locations: . New Jersey, Japan
One of Euclid’s primary goals is to observe dark matter and dark energy. While dark matter has never been detected, it is believed to make up 85% of the total matter in the universe. Meanwhile, dark energy is a mysterious force thought to play a role in the accelerating expansion of the universe. Rhodes is the US science lead for Euclid and principal investigator for NASA’s Euclid dark energy science team. “The images capture detail from clusters of stars near an individual galaxy to some of the largest structures in the universe.
Persons: , Valeria Pettorino, James Webb, Jason Rhodes, Rhodes, Euclid, Georges Lemaître, Edwin Hubble, Mike Seiffert Organizations: CNN, European Space Agency, Southern Hemisphere, ESA, International Astronautical, Jet Propulsion Laboratory, JPL, NASA Locations: Milan, Italy, Pasadena , California
Gold's record rally pauses due to stronger dollar, higher yields
  + stars: | 2024-10-23 | by ( ) www.cnbc.com   time to read: +2 min
Gold prices surged to a record high on Wednesday as the conflicts in the Middle East and uncertainty surrounding the upcoming U.S. election spurred demand for safe-haven assets. Gold prices fell over 1% after hitting a record high on Wednesday, as a stronger dollar and a rise in U.S. Treasury yields countered support from safe-haven demand linked to the Nov. 5 U.S. election and Middle East war. Spot gold was down 1% to $2,721.12 per ounce as of 12:25 p.m. EDT (1410 GMT) after hitting a record high of $2,758.37 earlier in the session. However, gold could see the $2,800/oz level by the week's end on safe-haven demand, Haberkorn added. The dollar index rose 0.3% to near a three-month high, making gold less appealing for other currency holders, while U.S. bond yields climbed to a three-month high.
Persons: Bob Haberkorn, Haberkorn, Ole Hansen, Kamala Harris, Donald Trump Organizations: Treasury, Saxo Bank, U.S, Republican, Reuters Locations: U.S
New York CNN —A day after an E. coli outbreak tied to Quarter Pounders in the western part of the United States left one dead and 10 hospitalized, McDonald’s entered full damage-control mode. “We are very confident that you can go to McDonald’s and enjoy our classics,” McDonald’s USA President Joe Erlinger said on NBC’s “Today” Wednesday. Most of the illnesses are in Colorado and Nebraska, and most of the people who fell ill ate Quarter Pounders at McDonald’s. “If there has been contaminated product within our supply chain, it’s very likely worked itself through that supply chain already.”McDonald’s (MCD) stock fell more than 5% at Wednesday — its worst day since the March 2020 Covid lockdown. Chipotle’s outbreak is the worst-case scenario for any restaurant chain, and McDonald’s E. coli situation appears to be limited, at least for now, to a supply issue.
Persons: McDonald’s, Joe Erlinger, , ” Erlinger, , Chipotle’s, Chipotle, Brian Niccol, Niccol, we’ll, Morgan Spurlock’s Organizations: New, New York CNN, , Centers for Disease Control, US Food and Drug Administration, Starbucks, CDC, American Museum of Tort Locations: New York, United States, McDonald’s, Colorado and Nebraska
Here are six takeaways from Harris’ CNN town hall:Yes, Harris thinks Trump is a fascistHarris was asked Wednesday night if she considers Trump a fascist. “My administration will not be a continuation of the Biden administration,” Harris said. “There was a lot that was done (during the Biden administration), but there’s more to do,” Harris said. The vice president touted her work cracking down on hate crimes and called for new laws to deter future attacks. On Wednesday night, the vice president reprised that appeal – both in what she said and how she said it.
Persons: Kamala Harris, Donald Trump, Republicans –, Trump, Hitler’s, Harris, “ He’s, ” Harris, , , , Mark Milley, John Kelly, Liz Cheney, Dick Cheney, Donald Trump’s, Biden, , ’ Harris, CNN’s Anderson Cooper, , haven’t, Cooper, Harris hadn’t, Yahya Sinwar –, Hitler, Covid, Vladimir Putin, Harris ’, feverishly, “ Dick Cheney, “ doesn’t, what’s, jabbing, hasn’t, fracking, she’s, ” Cooper Organizations: CNN, Republican, Democratic, Republicans, Trump, Joint Chiefs of Staff, White House, Marine, , Wyoming, Hamas, Democrats, Israel, Capitol, Trump GOP, GOP, wobbly Republicans Locations: Hitler’s Nazi, Pennsylvania, United States, Mexico, Israel, Gaza, America
CNN —It was a night of celebration for the Boston Celtics. Ahead of the opening game of the new 2024-25 NBA season at home to the New York Knicks, the Celtics received their championship rings for winning the title last season and raised banner No. They then proceeded to rout the Knicks 132-109 and were ahead by as many as 35 points in the fourth quarter, led by a huge opening night from Jason Tatum. “It was like when we were just playing, having fun, playing our style of basketball, everything was going in. New York next welcomes the Indiana Pacers, while Boston travels to the Washington Wizards.
Persons: Jason Tatum, Derrick White, Jaylen Brown, , ” Brown, ” White, ” Tatum, David Butler II, Jalen Brunson, Karl, Anthony Towns, Julius Randle, Donte DiVincenzo, Brunson, Miles McBride Organizations: CNN, Boston Celtics, NBA, New York Knicks, Celtics, Knicks, ESPN, Reuters, Minnesota Timberwolves, Towns, New York, Indiana Pacers, Washington Wizards Locations: Boston
“We assess that between early- to mid-October, North Korea moved at least 3,000 soldiers into eastern Russia,” National Security Council spokesman John Kirby said. “We assess that these soldiers traveled by ship from the Wonsan area in North Korea to Vladivostok, Russia. “We are seeing evidence that that there are North Korean troops that have gone to Russia,” Austin told reporters traveling with him in Rome on Wednesday. A senior administration official said earlier Wednesday that the training of North Korean soldiers and possible preparation to send them to find to Ukraine is a sign of serious desperation on Russia’s part. Meanwhile, South Korea’s spy agency, the National Intelligence Service, said Friday that North Korea has shipped 1,500 soldiers, including special forces fighters, to Russia for training.
Persons: , John Kirby, , Defense Lloyd Austin, ” Austin, Austin, Kirby, Putin, ” Kirby, Volodymyr Zelensky, Kevin Liptak, MJ Lee Organizations: CNN, Ukraine, ” National Security, Defense, US, Korean, Kremlin, UN, United, NATO, National Intelligence Service Locations: Russia, North Korea, Wonsan, Vladivostok, Ukrainian, Korea, Ukraine, Rome, Europe, Pacific, Moscow, Pyongyang, United States, Kyiv, Washington, Koreans, South
However, real estate — specifically the commercial side — may be poised to take off. "This is absolutely the largest generational opportunity to invest in real estate in a long time," Issar said at the conference. "This is a time for investors to step in, move into attractive pricing, move into asset classes like non-core real estate." Investors can bet on a commercial real estate rebound by working with JPMAM's team, or on their own through publicly traded real estate investment trusts (REITs). "That is the modernization of the new direct real estate that is going to be really attractive for investors in the future."
Persons: Goldman Sachs, , Goldman Sachs Goldman Sachs, they're, That's, David Kelly, what's, JPMAM, Kelly, David Lebovitz, Monica Issar, Issar Organizations: JPMorgan Asset Management, Service, Asset Management, Management, JPMorgan Private
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