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AWS's Graviton CPU chips are used by over 90% of its 1,000 largest data center customers. AWS's custom silicon strategy includes AI chips like Inferentia and Trainium. AdvertisementIn 2018, Amazon Web Services launched Graviton, its own line of homegrown central processing unit chips for data center servers. Big enterprises, such as Epic Games, Databricks, and Pinterest, are all major Graviton customers, he said. "We will absolutely continue to drive innovation in custom silicon as we have been doing for the past 10-plus years."
Persons: , Rahul Kulkarni, Kulkarni, Graviton, James Hamilton, Bernstein, AWS's Kulkarni, Jassy Organizations: Service, Amazon Web Services, Intel, AMD, Epic, Annapurna Labs, Bernstein Research, AWS Locations: Israel
WASHINGTON — Vice President Kamala Harris’ campaign is seizing on racist comments made by an ally of Donald Trump this weekend about Puerto Ricans to launch a new digital ad targeting Latino voters that argues they “deserve better” than what the former president has to offer. Beyond Pennsylvania, there are sizable Puerto Rican populations in North Carolina, Wisconsin and Michigan as well, where the race could be determined by mere margins. The Trump campaign attempted to distance itself from the remarks and some high-profile Republicans quickly rebuked them. Before Trump's event, Harris had rolled out her economic proposals for the Puerto Rican community during stops in Philadelphia, including at one Puerto Rican restaurant. The Harris campaign posted a video summarizing the policy, which was later shared on Instagram by Puerto Rican superstars like Bad Bunny, Jennifer Lopez, Ricky Martin and Luis Fonzi.
Persons: WASHINGTON, Kamala Harris ’, Donald Trump, Tony Hinchcliffe, Harris, Puerto Rico ”, Hurricane Maria, , ” Harris, Trump, Jennifer Lopez, Ricky Martin, Luis Fonzi Organizations: Puerto Ricans, YouTube, Hulu, NBC News ., El Nuevo Dia, Trump, Puerto, Puerto Rican Locations: Puerto, Puerto Rico, Trump’s, NBC News . Pennsylvania, U.S, Pennsylvania, North Carolina , Wisconsin, Michigan, El Nuevo, Puerto Rican, Philadelphia, Instagram
Washington had pressed its ally in the hopes of ending the cycle of attacks and avoiding escalation into a wider war. Blinken said the U.S. is tracking the aid deliveries very carefully and “absolutely essential” that Israel comply. "Israel has achieved most of its strategic objectives when it comes to Gaza,” Blinken said in Tel Aviv. (It also signed off on $9.5 billion in humanitarian aid for Gaza, as well as the conflict zones of Ukraine and Sudan.) But far-fetched as it might seem, it came up during Blinken’s meeting with the Saudi crown prince during this trip.
Persons: Antony Blinken, Benjamin Netanyahu, it’d, Yahya Sinwar, Isaac Herzog, Nathan Howard, Amos Hochstein, Donald Trump, Netanyahu —, Netanyahu, Blinken, Israel, ” Blinken, “ It’s, Ibrahim Fakhroo, Sinwar, William Burns, Khalil al, , Saudi Crown Prince Mohammed bin Salman, Joe Biden, Ayman Safadi, we’ve, ” It’s Organizations: State Department, Getty, Israel, Hamas, Trump, Qatar's Ministry of Foreign, CIA, Qatari, Senior, Palestinian Authority, Saudi Crown, U.S, U.S . Locations: United States, Israel, Iran, Washington, Gaza, Egypt, Lebanon, Blinken, Tel Aviv, AFP, U.S, Beirut, Saudi Arabia, Doha, Qatar, Riyadh, Ukraine, Sudan, Saudi, Palestinian, Jordanian, London
The military seized power from the elected government of Aung San Suu Kyi in February 2021, giving rise to intensified fighting with long-established armed groups associated with Myanmar’s ethnic minority groups, and prompting the formation of new pro-democracy militias. Two weeks later the Arakan Army launched attacks in its home western state of Rakhine, and since then other militia groups and PDFs have joined in around the country. But at the same time, resistance groups are closing in on Mandalay, Myanmar’s second-largest city in the center of the country. The Tatmadaw has been accused of deliberately targeting civilians in retribution for perceived support for the resistance militias, something it denies. Should the Tatmadaw fall, that could lead to the fragmentation of Myanmar unless the groups work hard to resolve political and territorial differences.
Persons: Aung, Suu Kyi, Alliance —, , Connor Macdonald Organizations: Myanmar National Democratic Alliance Army, Arakan Army, National Liberation Army, Alliance, Council, United Nations ’ Office, Human Rights, Army, Institute for Strategy Locations: BANGKOK, Myanmar, Russia, China, Suu, Shan, Rakhine, Kayah, Naypyidaw, Yangon, Mandalay, Myanmar’s, Chin, Paletwa, Syria, Beijing
TOKYO — The makeup of Japan’s future government was in flux on Monday after voters punished Prime Minister Shigeru Ishiba’s scandal-tainted ruling coalition in a weekend election, leaving no party with a clear mandate to lead the world’s fourth-largest economy. The biggest winner of the night, the main opposition Constitutional Democratic Party of Japan (CDPJ), had 148 seats, up from 98 previously, but also still well short of the 233 majority. But days before the vote, a newspaper affiliated with the Japan Communist Party reported that the party had provided campaign funds to branches headed by non-endorsed candidates. “LDP’s payments to branches show utter lack of care for public image,” ran an editorial in the influential Asahi newspaper two days before the election. In one bright spot, a record 73 women were elected into Japan’s male-dominated parliament, surpassing 54 at the 2009 election.
Persons: Shigeru Ishiba’s, , Ishiba, Komeito, Keiichi Ishii, , Tobias Harris, Yoshihiko Noda, Fumio Kishida, Yuichiro Tamaki, Nobuyuki Baba, Rintaro Nishimura, Masakazu Tokura Organizations: U.S, Ishiba’s Liberal Democratic Party, Constitutional Democratic Party of Japan, Japan Foresight, LDP, Japan Communist Party, Asahi, Democratic Party for, People, Japan Innovation Party, DPP, Bank of Japan, Asia, Komeito Locations: TOKYO, China, North Korea, Japan
Added sugar: How to cut out or lower your intake
  + stars: | 2024-10-28 | by ( Andrea Kane | ) edition.cnn.com   time to read: +7 min
Consuming added sugar has become a part of life, woven into almost every meal. Americans 2 years and older consume on average 17 teaspoons of added sugar a day, according to the most recent government data available. Put sugary foods in their rightful placeSave sugary foods for desserts; don’t allow them to creep into every part of your diet. “This means enjoy the sugar that you do eat by baking together and savoring together, making the (added) sugar that you do eat part of celebrating life,” she said. Look for the line that shows you the “added sugar” content in a food to tally up the grams of excess sugar you consume in a day.
Persons: Sanjay Gupta, you’re, Dr, Laura Schmidt, Schmidt, She’s, that’s, , it’s, ” Schmidt, savoring Organizations: CNN, American Heart Association, US Department of Agriculture, World Health Organization, School of Medicine, University of California, UC San Francisco, , National Institutes of Health Locations: San Francisco,
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC’s full interview with Virtus’ Joe Terranova and Wells Fargo’s Sameer SamanaVirtus’ Joe Terranova and Wells Fargo’s Sameer Samana, join 'Closing Bell' to discuss markets, treasury yields and energy and oil sector performance.
Persons: Virtus ’ Joe Terranova, Wells, Sameer Samana, Joe Terranova Organizations: Virtus ’
Observers feared that Israel would hit Iranian energy infrastructure. Instead, it hit those sites' defenses — making it easier to launch more strikes later. AdvertisementIsrael's recent attack on Iran's air defense network was limited in its scope, but all the same left a significant opening. Related storiesIn the aftermath of the attack, Iranian authorities sought to downplay the strikes, which killed four Iranian soldiers. AdvertisementVatanka said the attack was a demonstration of Israel's capabilities, and also avoided pushing Iran into a position where it would have to "hit back harder."
Persons: , Israel, Benjamin Netanyahu, Ayatollah Ali Khamenei, Masoud Pezeshkian, Khamenei, Ali Akbar Velayati, Alex Vatanka, Vatanka Organizations: Observers, Service, New York Times, Institute for, Israel Defense Forces, IDF, Guardian, International Atomic Energy Agency, Financial Times, University of South, Middle East Institute Locations: Israel, Iran, Bandar, Abadan, Russian, Tehran, University of South Wales
Traders work on the floor of the New York Stock Exchange during morning trading in New York City. Stock futures are muted Monday night as investors readied for employment data and closely followed corporate earnings releases. S&P 500 futures and Nasdaq 100 futures were also both little changed. Those moves come after a winning session on Wall Street for the three major indexes. Traders will keep an eye on earnings reports from major companies due on Tuesday as the busiest week of this earnings season continues.
Persons: Dow, Adam Crisafulli, McDonald's Organizations: New York Stock Exchange, Stock, Dow Jones Industrial, Nasdaq, Ford Motor, Corp, Traders, Pfizer Locations: New York City, Israel, Iran
The one big fear that could upend the bull market
  + stars: | 2024-10-28 | by ( Alex Harring | ) www.cnbc.com   time to read: +2 min
A chain reaction sparked by continued inflation could put the bull market to rest, according to Trivariate Research. As the bull market enters its third year, investors are wondering how much more room there is to run before a pullback is due. Now, Fed funds futures are pricing in a more than 95% likelihood of another drop to the borrowing costs at the central bank's November gathering, according to CME's FedWatch tool. In 2021 and 2022, Parker said there was a "strong and statistically significant relationship" between Fed funds futures and the price-to-earnings multiple on growth stocks. Though that connection now looks different, the Morgan Stanley alum said he would be "surprised if multiples did not compress meaningfully" if the expectation for the Fed funds rate rises from 3.5% to 5% or above.
Persons: Adam Parker, Paul Tudor Jones, Stanley Druckenmiller, Parker, Morgan Stanley, Kamala Harris, Donald Trump, Tudor Jones, Dow Jones Organizations: Research, Federal Reserve, CNBC, Dow
This is the first in a five-part series about the impact both Trump and Harris presidencies could have on US consumers. To date, Trump and Harris have outlined specific policy proposals that will impact different parts of the stock market. The guide covers four specific asset classes, and is divided between the Trump and Harris impact on each. Advertisement"Our upbeat projections for the stock market in 2024 and 2025 are predicated on a view that hype over AI will continue to fuel a stock market bubble," the research firm said. And since presidential actions usually impact rates, the bond market will be shaped by what either Trump or Harris end up doing.
Persons: Harris, , Donald Trump, Kamala Harris, Today's, they're, BofA, It's, Financials, Trump's, Trump, Peter Berezin, Joe Biden's, Bonds, Crypto, Bernstein, Gautam Chhugani, bitcoin, Chhugani, Harris Harris, she's, I'm, Larry Fink, Biden, it's Organizations: Trump, Service, Business, Wall, Bank of America, Allies, Foundation, BCA Research, Harris, Democratic, Economics, Capital, Federal, Harris Capital Economics, Federal Reserve, Bloomberg, bitcoin, BlackRock, Capital Economics, Fed Locations: China
The S & P 500 typically advances about 7% from November to April, compared to the index's average 2% rise from May to October, according to CFRA Research chief investment strategist Sam Stovall. This year's market strength follows a standout 20% gain for the S & P 500 in 2023's "best six months" period, he noted. "This double-dose of double-digit returns has caused investors to wonder if the market has used up its energy reserves and may be headed for tough times," Stovall wrote. .SPX YTD mountain The S & P 500 has advanced more than 22% in 2024. Stocks were bhigher on both Friday and Monday , with the S & P 500 trading within a hair's breath of this month's all-time high of 5864.67.
Persons: Sam Stovall, Russell, Stocks, Stovall Organizations: Stock Traders, Research, Investors Locations: U.S
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailAmrita Sen: Oil prices may have gone a bit too far in the correction moveAmrita Sen of Energy Aspects discusses longer-term trends in oil prices following Israel's retaliatory strike on Iran this weekend.
Persons: Amrita Sen Organizations: Amrita Sen, Energy Locations: Iran
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailX-Energy CEO on $500 million funding round led by Amazon, CitadelJ. Clay Sell, X-Energy CEO, joins 'Money Movers' to discuss Amazon's investment in the technology to build small modular reactors, what could prevent the company from working with Amazon's peers, and much more.
Persons: Clay Sell Organizations: Energy, Amazon, Citadel
View of Iran's oil industry installations in Mahshahr, Khuzestan province, southern Iran. Kaveh Kazemi | Getty ImagesOil prices will remain under pressure for the rest of this year, it may be difficult to see Brent crude oil prices reaching $80 in the foreseeable future. "With Israel deliberately, and perhaps with some American encouragement, avoiding the targeting of crude oil facilities, the oil market is back to looking at an oversupplied market," said Andy Lipow, president at Lipow Oil Associates. "Oil prices will remain under pressure for the rest of this year, it may be difficult to see Brent crude oil prices reaching $80 in the foreseeable future," Lipow told CNBC via email. Stock Chart Icon Stock chart icon Oil prices year-to-date
Persons: Kaveh Kazemi, Brent, Andy Lipow, Israel, Lipow, Saul Kavonic Organizations: Getty, Lipow, Citi, Lipow Oil Associates, CNBC Locations: Mahshahr, Khuzestan, Iran, Israel, Canada, Brazil, Argentina, Senegal
Cramer's Lightning Round: 'I would avoid QuantumScape'
  + stars: | 2024-10-28 | by ( Julie Coleman | ) www.cnbc.com   time to read: 1 min
Stock Chart Icon Stock chart icon Lam Research's year-to-date stock performance. Stock Chart Icon Stock chart icon Suncor Energy's year-to-date stock performance. Stock Chart Icon Stock chart icon Oklo's year-to-date stock performance. Stock Chart Icon Stock chart icon QuantumScape's year-to-date stock performance. Stock Chart Icon Stock chart icon NetApp's year-to-date stock performance.
Persons: Lam, Suncor, I'm, Joby Organizations: Lam Research, Suncor, Joby
Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. We would be surprised if CEO Lisa Su provided 2025 AI chip sales guidance. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.
Persons: Jim Cramer, Lisa Su, Raymond James, George Kurtz, Delta, Stanley Black, Decker, Hubbell, Jim Cramer's, Jim Organizations: CNBC, ., West Texas, AMD, Intel, Air Lines, Microsoft, Atlanta, Ford Motor, Cadence Design Systems, Corp, PayPal, Pfizer, Royal Caribbean Cruises, Jim Cramer's Charitable Locations: Israel, Corning
The Invesco Solar ETF (TAN) and the iShares Global Clean Energy ETF (ICLN) have tumbled more than 9% and 10%, respectively. While Trump's platform says he wants to unleash production from all sources, the document specifically calls out oil, gas and nuclear. How voters perceive the two candidates' energy policies could end up playing an influential role in the outcome of the election altogether. While the election will bring short-term volatility, the solar industry remains well positioned for long-term growth, according to Bank of America. About 25% of oil and 10% of natural gas production is on federal land and waters, according to the bank.
Persons: Donald Trump, Kamala Harris, Harris, fracking, Barack Obama, Trump, Steve Fleishman, Roger Read, Read, Biden, Morgan Stanley Organizations: Trump, Republican, Green New, Clean Energy, Bank of America, Keystone State, GOP, Republicans, Democratic, Wolfe Research, Wells, Wells Fargo Securities . Oil, Biden, CNBC, Exxon, Chevron Locations: Wisconsin , Michigan, Pennsylvania, China, Trump, Wells Fargo, U.S, New Mexico, Gulf of Mexico, Alaska, Iran, Tehran
How do I ask for time off to enter a Timothée Chalamet lookalike contest? Onlookers of the event yell at photographers to move out of the way so they can see the Timothée Chalamet lookalikes. Spencer DeLorenzo gets lifted in the crowd of Timothée Chalamet lookalikes, fans and police. When the real Timothée Chalamet made a surprise appearance, the energy intensified. And as much fun as it was to be Timothée Chalamet for an afternoon, I’m truly glad I’m Reed Putman.
Persons: New York CNN — We’d, , I’m, Reed Putnam, Laura Oliverio, , Willy Wonka, lookalikes, “ I’ve, Spencer DeLorenzo, Alondra Maldonado, CNN Reed Putnam, CNN Miles Mitchell, Stefan Jeremiah, Chalamet, he’d, Chanel, ProSieben, I’ll, I’m Reed Putman Organizations: New, New York CNN, CNN, State University of New, Washington, NYPD, Associated Press Locations: New York, , Manhattan, New York City, State University of New York Canton, SUNY, Toronto, Washington, German
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailEnergy sector has bad news baked in, potential upside from here, says Wells Fargo’s Sameer SamanaVirtus’ Joe Terranova and Wells Fargo’s Sameer Samana, join 'Closing Bell' to discuss markets, treasury yields and energy and oil sector performance.
Persons: Wells, Sameer Samana, Joe Terranova Organizations: Email Energy
A few catalysts have set Tesla up for more outperformance in the coming months, according to Canaccord Genuity. Analyst George Gianarikas, who has a buy rating on the electric vehicle maker, hiked his price target by $20 to $298. "Tesla's stock underperformed since the beginning of 2022 as [profit and loss] trends deteriorated," he continued. "Longer term, Tesla also has a generational set of growth opportunities ahead, including EVs, autonomy/AI, energy storage, and robotics," he said. TSLA YTD mountain TSLA, year-to-date Shares were marginally higher in the premarket following the move.
Persons: Canaccord, George Gianarikas, Gianarikas, Tesla, Elon Musk Locations: 1Q24
In today's big story, the first of our five-part refresher series on the potential impact Donald Trump and Kamala Harris presidencies could have on US consumers. Business Insider's Matthew Fox detailed how Wall Street sees former President Donald Trump and Vice President Kamala Harris affecting the investment landscape if they win the White House. One of the biggest areas where Harris and Trump differ is their proposed tax policies, which are believed to have big impacts on stocks. AdvertisementTrump's universal tariffs proposal is also viewed as having a big impact. It's a big week for Apple.
Persons: , Donald Trump, Kamala Harris, Jenny Chang, Rodriguez, Matthew Fox, Harris, Trump, it's, Alyssa Powell, Joe Biden, Steve Sosnick, Neil Dutta, Goldman Sachs, Morgan Stanley, Rebecca Zisser, Elon Musk, James Yates, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, Grace Lett, Amanda Yen, Milan Sehmbi Organizations: Business, Service, Getty, BI, White, Bank of America, Interactive Brokers, JPMorgan, Twitter, Elon, Apple, Apple Intelligence, iOS, Venture, Ford Motors, MLB, LA Dodgers, New York Yankees, Forbes Locations: It's, New York, London, Chicago
Spotify — The music platform rose more than 2% after Wells Fargo named Spotify a top stock pick . Analyst Steven Cahall is particularly bullish on the company's rising margins, strong product mix and evolving record label relationships. Boeing — Shares of the planemaker slipped roughly 2% after Boeing launched a stock offering that could raise roughly $19 billion. McDonald's shares dropped more than 7.5% last week, marking its worst weekly performance since 2020. ON Semiconductor — Shares gained more than 3% after the semiconductor product maker posted adjusted earnings per share of 99 cents and revenue of $1.76 billion for the third quarter.
Persons: Wells, Steven Cahall, Kamala Harris, Donald Trump, FactSet, Canaccord Genuity, Nio, CrowdStrike, Sarah Min, Alex Harring, Lisa Kailai Han, Sean Conlon, Michelle Fox Organizations: Spotify, Boeing —, Boeing, Occidental Petroleum, Exxon, BP —, Citi, Exxon Mobil, BP, Taiwan Semiconductor Manufacturing, Huawei, Reuters, The, Delta Air Lines Locations: U.S, China, The U.S, Macquarie
The hospital, Baptist Health in Richmond, Kentucky, and the organ procurement group declined interviews with CNN. At the federal level, the Health Resources and Services Administration, through the Organ Procurement and Transplantation Network, is investigating, as well. She said the hospital told her that another scan showed no brain activity. The coordinator was in tears, Miller said, and the doctor who was supposed to do the organ procurement was upset and left. Miller said that as soon as the staff told TJ they’d take him back to the ICU, he calmed down.
Persons: Anthony Hoover, Hoover, Donna Rhorer, TJ, KODA, “ He’s, , , ” KODA, , TJ’s, TJ Hoover, Rita, ” Rhorer, Rhorer, EMTs, Sanjay Gupta, wouldn’t, Rhorer’s, Nycki Martin, TikTok, Martin, it’s, ’ ” Martin, we’re, , Jen Christensen, CNN Rhorer, Dr, It’s, you’ve, Robert Cannon, Cannon, ” Cannon, Natasha Miller, they’ve, Miller, ” Miller, , I’m, ’ ” Miller, she’d, TJ they’d, Doctors, “ Y’all, CNN “ We’re, he’s, Donna Rhorer's, John, liveth, doesn’t, Nadia Kounang, Amanda Sealy, Lacey Russell, Deborah Brunswick Organizations: Kentucky CNN —, TJ, CNN, Baptist Health, Hope, Health Resources, Services Administration, Procurement, Transplantation, Job Corps, Hurricanes, Hospital, Feedback Hospital, CNN Health, University, Alabama, House Energy, Commerce, Employees Locations: Richmond, Kentucky, Richmond , Kentucky, United States, , Alabama Birmingham
Oil slips more than 4% after Iran downplays Israeli strikes
  + stars: | 2024-10-28 | by ( ) www.cnbc.com   time to read: +2 min
A pump jack operates in an oil field in Midland, Texas U.S. August 22, 2018. Oil prices tumbled more than $3 a barrel on Monday after Israel's retaliatory strike on Iran over the weekend bypassed Tehran's oil and nuclear facilities and did not disrupt energy supplies, easing geopolitical tensions in the Middle East. Both Brent and U.S. West Texas Intermediate crude futures hit their lowest levels since Oct. 1 at the open. The geopolitical risk premium that had built in oil prices in anticipation of Israel's retaliatory attack came off, analysts said. In October, the Organization of the Petroleum Exporting Countries and their allies, a group known as OPEC+, kept their oil output policy unchanged including a plan to start raising output from December.
Persons: Brent, WTI, Saul Kavonic, Tim Evans Organizations: Midland , Texas U.S, U.S . West Texas, Evans Energy, Organization of, Petroleum Locations: Midland , Texas, Iran, U.S, Tehran, OPEC
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