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There has been a fair amount of nervous chatter lately about the state of the stock market. As of Thursday's close, the S & P 500 was up about 15% in 2024, while the Nasdaq Composite was just shy of 19%. Companies like Microsoft , Cisco Systems and Intel were among the biggest gainers in the S & P 500. Further, the S & P 500 Equal Weighted Index , with a roughly 4% gain in 2024, is far underperforming its capital-weighted counterpart. .SPXEW .SPX YTD line The S & P 500 Equal Weighted Index vs. the S & P 500 in 2024 Having said that, in years past, these types of divergences would worry me to the point of distraction.
Persons: it's, Bubbles, It's, rebalancing, Ron Insana Organizations: Nasdaq, Microsoft, Cisco Systems, Intel, Federal Reserve, Nvidia, CNBC Locations: U.S
T’s monthly travel series, Flocking To, highlights places you might already have on your wish list, sharing tips from frequent visitors and locals alike. Sign up here to find us in your inbox once a month, and to receive our weekly T List newsletter. A sandy, 15-mile spit that reaches across Arcachon Bay like a protective arm, Lège-Cap Ferret, on France’s western coast, is that country’s answer to New York’s Montauk, albeit dialed back a decade or two. Hotels are of the charming rather than luxury variety, while bicycles, vintage Citroëns and Mini Mokes outnumber Range Rovers and sports cars. And oyster cabanes, offering shellfish (an estimated 60 percent of the oysters consumed in France derive from the Arcachon Bay), white wine and not much else, serve as the local canteens.
Persons: Ferret, Cap Ferrat, Philippe Starck, , Guillaume Canet, Marion Cotillard Organizations: Rovers Locations: tlist@nytimes.com, Arcachon, Paris, Bordeaux, France
"Only pirates do this," General Romeo Brawner Jr. said in a social media post regarding the recent actions of the Chinese coast guard. This is how barbaric the Chinese Coast Guard is in the recent RoRe mission of the Armed Forces of the Philippines. The Chinese coast guard might have used pirate-like tactics, but it's not legally piracy. This photo taken on February 15, 2024, shows an aerial view of Scarborough Shoal in the disputed South China Sea. The nine-dash line is a map marking designating China's sweeping and controversial claims to the South China Sea.
Persons: , Romeo Brawner Jr, , 7vzFDem1DE — Jay Tarriela, it's, Harrison Prétat, Thomas Shoal, Prétat, Thomas, Brawner, Philippines MaryKay Carlson Organizations: Service, Staff, Armed Forces, Business, China, China's Coast Guard, South China, Coast Guard, Center for Strategic, Studies, Maritime Transparency Initiative, BRP, BRP Sierra Madre, UN, ROSA, Philippine Navy, Mutual Defense, People's Locations: Philippines, China, Philippine, Beijing, South, BRP Sierra, Scarborough Shoal, AFP, South China, Manila, It's, People's Republic of China
Read previewNew video footage appears to capture the first combat employment of Russia's 6,600-pound glide bomb in Ukraine, a highly destructive capability that analysts say could be a tremendous problem for Kyiv. The munition was outfitted with a unified planning and correction module that turns it into a glide bomb, meaning it could have been air-launched from far away. Reportedly the first video of a Russian FAB-3000 UMPK glide bomb strike. Advertisement"Russian forces have already increased guided and unguided glide bomb use against Ukraine, particularly in Kharkiv Oblast, to devastating effect," they said. Unlike conventional gravity bombs, glide bombs have flight control surfaces and are standoff weapons.
Persons: , VilUVEYlmJ, — Rob Lee Organizations: Service, Business, Russian FAB, FAB, Institute for, Ukrainian, Ukraine, Russian Defense Ministry, Russian Defense Ministry Press Locations: Ukraine, Kyiv, Kharkiv, Russian, Russia, Kharkiv Oblast, Ukrainian
But, after Ross died of brain cancer in July 2017 at 32, I was forced to rethink it. AdvertisementBefore Ross died, I always assumed we'd be strict about using devices at the table and going to places like McDonald's for chicken nuggets. If you're exhausted after going toe-to-toe for three hours solid, it's fine to let things go. Courtesy of Holly MatthewsBrooke was particularly anxious after Ross died. I sometimes look back at my attitude to parenting before Ross died.
Persons: , Holly Matthews, Ross, Brooke, I've, they've, Matthews, Ross Blair, Holly Matthews Brooke, She'd, she'd, that's, Lily Allen, We'd, it's Organizations: Service, Business Locations: Texas
AdvertisementMy backpack fits perfectly inside the personal item size checker on both Frontier and Spirit. Further, the carry-on bag restrictions vary slightly at 24 x 16 x 10 inches and 22 x 18 x 10 inches, respectively. These rules are found on the airline's websites, and the same goes for other global ULCCs like Ryanair and Allegiant Air. AdvertisementDo the math before you book a ULCCI only pay for an extra bag or a seat when absolutely necessary on a ULCC. Once you add the cheapest seat for $39 each way and a carry-on bag for $69 each way, the total price is $413.
Persons: , Taylor Rains, I've, Joey, Hannah Towey Organizations: Service, Business, Frontier Airlines, Spirit Airlines, Frontier, Ryanair, Allegiant Air, Priceline, United, Delta, Google, Las, Spirit Locations: New York City, Orlando, Denver, Seattle, Delta, Las Vegas, Chicago, Buffalo
Days before admittedly stabbing and dismembering tech CEO Fahim Saleh, ex-personal assistant Tyrese Haspil admittedly used $750 of his victim's money to buy this 6-by-6-inch cake for his girlfriend. Anything less than unanimity — say if one juror accepts Haspil's EED defense and 11 do not — will cause a mistrial. Killer Tyrese Haspil, left, and Fahim Saleh in the lobby of Saleh's Lower Manhattan condo complex, one minute before the attack. Tyrese Haspil, accused of the 2020 murder-dismemberment of tech CEO Fahim Saleh, in state Supreme Court in Manhattan. Fahim Saleh is facing his killer, Tyrese Haspil, as the elevator doors close on the victim's apartment.
Persons: , They'll, Tyrese, Fahim Saleh, Haspil, Saleh, Tyrese Haspil, Louis Vuitton, Chauveau, Alan Chin, who'd, Barry Rosenfeld, he'd, Linda Ford, He'd, Exed, Tasers, Fahim Saleh's, Joseph Goldstein, Sam Roberts —, Society — Organizations: Service, Business, Attorney, Louis, Manhattan, Home Depot, York Penal Law, Amazon, Buy.Taser.com, New York, Society Locations: Manhattan, France, Lower Manhattan, American, Gokada, Nigeria, Brooklyn, Lagos, New York, balaclava, New
And yet, the brain does incredible things," said Matt Angle, CEO and founder of Paradromics, in an interview with CNBC Tech: The Edge. The trial would follow competitor Neuralink, which implanted a chip into a patient's brain in March this year. "Paradromics' mission is to transform otherwise untreatable health conditions in brain health into solvable technology problems. "Paradromics can take the science and apply the right engineering to get us from research to medical device," he added. "We see that the first million people to get brain computer interfaces are going to be getting them to treat severe medical conditions," Angle said.
Persons: Matt Angle, Elon Musk, Angle, Vikash Gilja, Gilja, we're Organizations: CNBC Tech, CNBC Locations: Austin , Texas
Read previewSatellite images show what appear to be mock-ups of fifth-generation US aircraft, among other aircraft, out in a Chinese desert. Satellite image from April 19, 2024, show Chinese mock-ups of US aircraft in the Taklamakan Desert. Scorch marks and craters are evident at one end of the apparent runway, and some of the aircraft mock-ups appear wrecked. Satellite image from June 28, 2021, show Chinese mock-ups of US aircraft in the Taklamakan Desert. AdvertisementA satellite image of an apparent US Arleigh Burke class destroyer in the Taklamakan Desert, photographed January 1, 2024.
Persons: , Africk, BjTHpgEWQI, Gerald R, Arleigh Burke Organizations: Service, Business, Planet Labs PBC, . Planet, American Enterprise Institute, Air, PLA Air Force, . Planet Labs PBC, Planet Labs PBC China, Ford, Alxa League Locations: China, Taklamakan, Xinjiang
US Home prices are falling faster as sellers try to entice buyers fatigued by high mortgage rates. The share of homes on the market that saw a price cut rose to over 16% last month, according to Realtor.com. AdvertisementHome buyers may start feeling some relief soon, as house prices in the US are being slashed at faster clip. Related storiesPrice cuts are also taking place in more markets across the US, with 46 of the 50 largest metropolitan housing markets seeing a price cut last month. Price cuts are good news for homebuyers who have been waiting for the housing market to loosen up.
Persons: , Price, Realtor.com, decelerate, Sabrina Speianu, homebuyers, Freddie Mac Organizations: Service
The incident on Monday is the latest "gray-zone" skirmish in the South China Sea, where China has increasingly used nonlethal but highly provocative measures to harass other countries there. China has claimed sovereignty over the South China Sea for decades, a claim that was roundly rejected in the Hague in 2016. On Saturday, it enacted a law allowing its Coast Guard to seize foreign ships suspected of trespassing, CNN reported. It comes after several other aggressive acts from Beijing in the South China Sea in recent months, involving lasers, water cannons, maritime militias, and even the alleged poisoning of fishing waters. A screen grab from a video provided by the Philippine Coast Guard showing Chinese vessels shooting water cannons at a ship in the South China Sea, on April 30, 2024.
Persons: , Sari Arho Havrén, Collin Koh, Havrén, Xi Jinping, Biden, Joe Biden, Xi, Xi's Organizations: Service, Business, Coast Guard, CNN, Royal United Services Institute, AFP, , Forces, Armed Forces, China Coast Guard, South China, Chinese Coast Guard, Philippine Coast Guard, Rajaratnam, of International Studies, Getty, Financial Times Locations: South China, China, South, Hague, Philippines, AFP, Palawan, Philippines China, Beijing, Singapore, Japan, Taiwan, Gaza, Ukraine
Delaware and Montana are second and third in new business openings per 100,000 residents since the start of 2024. AdvertisementThe boom in business translates to 283 new businesses per 100,000 residents in Wyoming, 153 in Delaware, and 106 in Montana. Wyoming also led the nation in new business applications per capita in 2023, according to the Chamber of Commerce. Business-friendly taxationWyoming, Delaware, and Montana are all particularly attractive to new business owners due to their tax laws. AdvertisementAre you a new small-business owner in Wyoming, Delaware, or Montana?
Persons: , Louis Fed, LendingTree, Louis, EIG Organizations: Service, Business, Census, Chamber of Commerce, Fed, of Labor Statistics, Louis Fed, Tax Foundation, Washington D.C, Fortune, state's, Corporations, Economic Innovation Group Locations: Wyoming, Delaware, Montana, In Montana, New York City, San Francisco, South Dakota, Nevada, Washington, , Wyoming, West, Wyoming , Delaware
Milan CNN —There are few things more synonymous with Italy in spring and summer than its beaches. Pines, agaves, the scents of salt and resin were inspiration for designer Massimo Giorgetti at MSGM as the label celebrated their 15th anniversary. “This collection speaks of encounters — ‘icontri’ — between the city and the beach and among people who love life,” said Napoli-born De Sarno. Actor Paul Mescal — a known fan of the short short — was sat front row at the Gucci Men's Spring-Summer 2025 show. A theme of reflective team spirit prevailed in sporty collegiate silhouettes featuring the Fendi crest comprising a squirrel, the Fendi stripe, and a Roman God.
Persons: Milan, Massimo Giorgetti, Justin Shin, Rimini —, Gabbana, Stefano Dolce, Domenico Gabbana, Vittorio Zunino Celotto, , Sabato de Sarno, , Napoli, De Sarno, William Finnegan’s, Paul Mescal —, Victor Boyko, Pixelformula, Sabato De Sarno's, Gucci, Ik, Prada, creased, tromp, Miuccia Prada, , Raf Simons, chimed Simons, tromp l’oeil, Ik Aldama, JW Anderson, Jonathan Anderson, Adrian Appiolaza, Lev Tanju, Karl Lagerfeld, Shutterstock, Daniele Venturelli, Silvia Fendi Organizations: Milan CNN, Dolce, Gucci, JW, Astra Marina Locations: Italy, Amalfi Coast, Milan, MSGM, agaves, Rimini, Ligurian Coast, Northern Ireland, Moschino, Northern Irish, Fendi, Italian
Meetings between Spain and Italy rarely disappoint and this one was no exception — even if it was an own goal that decided the contest. Victory sees Spain progress to the knockout stage as group winners, while for Italy it’s all to play for against Croatia on Monday. The one-way traffic continued after half-time, and Spain got to 11 efforts at goal without finding the net. Some will focus on Donnarumma pushing Morata’s header into a helpless Calafiori’s path for Spain’s goal. As the team in front of him were run ragged by Williams and Yamal, the 25-year-old Donnarumma kept things dignified.
Persons: Luis de la Fuente, Gianluigi Donnarumma, Riccardo Calafiori, Donnarumma, Alvaro Morata, Nico Williams, Victory, Dermot Corrigan, Mark Carey, James Horncastle, De la Fuente, Williams, Lamine, Fabian Ruiz, Yamal, Alex Gottschalk, Federico Chiesa, Giovanni Di Lorenzo, Calafiori, Rey Manaj, David Inderlied, , palmed Pedri’s, didn’t, James Horncastle Pedri, Italy’s, Pedri, Luciano Spalletti’s, Bryan Cristante, Nicolo Barella, Mark Carey Nico Williams dazzles Williams, Di Lorenzo, Edith Geuppert –, Spalletti’s, Marc Cucurella, Dermot Corrigan Spain’s, who’s, Lamine Yamal, Riccardo Calafiori 😬, Ruiz, aly Organizations: , Athletic Bilbao, Croatia, De, Italy, Images, Albania, Getty, Paris Saint, League, Barcelona, Athletic, Spain, Premier League Locations: Spain, Italy, Gelsenkirchen …, Gelsenkirchen, Paris, Barella, Spain’s, Calafiori, ain
Nvidia stock still offers a compelling valuation even after its 170% rally this year, BofA says. There are five reasons investors should view any decline in Nvidia stock as a buying opportunity. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . These are the five reasons Arya is staying bullish on the stock. Arya reiterated his "Buy" rating on Nvidia stock and $150 price target, representing upside of 12% from current levels.
Persons: BofA, , Vivek Arya, Arya, Rosenblatt Organizations: Nvidia, Service, Bank of America, Blackwell Locations: CQ2
30-year-old Caspar Lee was once a YouTube megastar and is now a serial entrepreneur. Caspar LeeCaspar Lee belongs to a crop of content creators who found early success on YouTube back in the 2010s, commanding millions of views on the platform. Lee said his first venture into entrepreneurship was when in 2017 he co-founded the influencer marketing company Influencer.com, alongside Ben Jeffries. Lee co-founded a venture capital firm Creator Ventures with his cousin Sasha Kaletsky in 2022. Caspar LeeThereafter, Lee co-founded Proper Living — accommodation in Cape Town for students and young professionals.
Persons: Caspar Lee, Caspar Lee Caspar Lee, Zoe Sugg, Marcus Butler, Joe Sugg, Ed Sheeran, Justin Timberlake, Anna Kendrick, Kevin Hart, Lee, Goldman Sachs, they're, Ben Jeffries, Joe Suggs, Sasha Kaletsky, Caspar Lee Thereafter, I've, Influencer.com, Sasha Kaletsky —, Kaletsky, shouldn't Organizations: YouTube, CNBC, Google, MVE, IMG, Endeavor Group, Ventures, Forbes, Bridgepoint, Labs Locations: England, Knysna, South Africa, American, Cape Town, Europe, London
Read previewTwo climate activists from the Just Stop Oil group were arrested after covering private jets in orange paint in a Taylor Swift-inspired stunt. One of the protesters is pictured after painting a private jet bright orange. AdvertisementA representative for Just Stop Oil confirmed to BI that the planes doused in paint did not belong to Swift. AdvertisementHowever, according to a study by My Climate Tracker, cited by The Tab, Travis Scott was the celebrity with the most private jet use in 2023. Meanwhile, Swift wasn't among the top 30 celebrities with the most private jet use in 2023, the outlet said.
Persons: , Taylor Swift, 🚨 Organizations: Service, , Business, UST Locations: Lo
Courtesy of Danielle BeneckeA lawyer's copilotFounded in 1949, Baker McKenzie has over 6,500 lawyers working in 70 offices worldwide. The firm's work building generative AI to produce legal draft advice for high-volume employment-law questions recently won an award from Law.com. Courtesy of Jake HellerAI won't replace lawyersThere's another fear likely to push lawyers toward AI: other lawyers. Lawyers might also turn to AI to address a force meant to tame AI: regulation. "I think in three to five years, not using AI for legal work will be tantamount to refusing to use online search for legal work today," Ziniti said.
Persons: Michael Cohen, Donald Trump, Cohen, isn't, Danielle Benecke, Baker McKenzie, Benecke, Cecilia Ziniti, It's, copilot, Ziniti, Cecilia Ziniti Ziniti, CoCounsel, CoCounsel isn't, Jake Heller, Thomson, Heller, they'd, it's Organizations: Google, Law.com, Federal Trade Commission, Microsoft, AI's, IBM, CoCounsel, Thomson Reuters, Times, American Bar Association
download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. I completed a 3.5-year apprenticeship as a media designer and engineer, and I've been in the tech industry since I was 15. Leaving so quickly wouldn't have been possible without the support of our LA friends, who helped us in many ways. Courtesy of Lucas FrischmannI came up with this idea as I struggled to keep up with all my connections. AdvertisementIf you were laid off from a tech company and want to share your story, please email Manseen Logan at mlogan@businessinsider.com.
Persons: , Lucas Frischmann, It's, I've, Frischmann, it's, I'd, Manseen Logan Organizations: Service, Twitter, Meta, Business Locations: Los Angeles, Asia, Vietnam, Italy, Taiwan, Thailand, Japan, Indonesia, South Korea, Europe, Austria, Germany, Switzerland, Bangkok, Amalfi Coast, Bali , Indonesia, mlogan@businessinsider.com
Experts say the AI mania has shades of the dot-com and housing bubbles and could end painfully. AdvertisementExperts say the frenzy around AI stocks resembles the last two major market bubbles — and could end in disaster if investors get spooked. "This is the goofiest and likely most dangerous concentration of overvaluation I've seen in 34 years investing and throughout financial history," Bloomstran said. Some experts have compared Nvidia to Cisco, the network hardware company whose stock ballooned during the dot-com bubble before ultimately crashing. No one can predict if the AI craze will end with a devastating crash like the dot-com and housing bubbles, or usher in a new market regime led by Nvidia and its kin.
Persons: , Nathan Burks, Adetokunbo Fadahunsi, Ann Marie Hibbert, Burks, Hibbert, Chris Bloomstran, Semper Augustus, I've, Bloomstran, John Chambers, Robert Galbraith, it's Organizations: Service, George Mason University, Big Tech, Nvidia, Microsoft, Cisco, REUTERS, Wall Street Journal Locations: West Virginia
How Nvidia is now worth more than Apple
  + stars: | 2024-06-20 | by ( Elisabeth Buchwald | ) edition.cnn.com   time to read: +4 min
But these multigenerational brand names are now trailing behind Nvidia, suddenly the most-valuable public company in the world. With a market value of over $3 trillion, Nvidia is worth more than most countries’ entire economies. All that demand for Nvidia chips surely must’ve increased competition, right? All that means is demand for Nvidia chips isn’t going away any time soon but that competition will continue to grow more fierce. Before we know it, another company with a name most people can’t pronounce will be referred to as the next Nvidia.
Persons: New York CNN —, chipmaking, , Jensen Huang, Huang, OpenAI, it’s Organizations: New, New York CNN, Apple, Microsoft, Google, Nvidia, Meta, IBM Locations: New York, Denny’s, Silicon Valley
Reggie Jackson played in Birmingham when he was in the minor leagues back in 1967. In his return to Rickwood Field, he shared his experience with racism and discrimination. Jackson played there just four years after four girls were killed in a bombing at the 16th Street Baptist Church. The Giants wore the uniform of the San Francisco Sea Lions, a Negro Leagues team that folded after its only season in 1946. Giants manager Bob Melvin played at Rickwood Field in parts of three seasons in the early 1980s as a minor-leaguer.
Persons: of Famer Reggie Jackson, Jim Crow, Jackson teared, , , Jackson, , Charlie Finley’s, ’ Finley, ‘ We’re, we’re, Willie Mays, Reggie Jackson, ackson,, ollie, ou’re, haron, ove, ou,, hite, ike, ethel B, artin, uther, J, eague, eason, elvin, layed, aid., harley, ride,, riffey J r., ure, ike W, ilgore J r. Organizations: of Famer, Hollywood, Major League, Negro Leagues, Birmingham Black Barons, ust Locations: Birmingham, osh
Read previewOn Tuesday, reporter Pablo Manríquez discovered a collection of documents that appear to belong to Sen. Ted Cruz's campaign. Each individual at the dinner had pledged between $1,000 and $2,500 to Cruz's campaign, according to the documents. AdvertisementFor each of those New York meetings, Cruz was supplied with detailed biographies of his interlocutors, a list of their recent political contributions, and directions on how much money to ask for. For some meetings, Cruz is directed to ask a single donor whether they will contribute $119,200 to his race. Advertisement"Ask [donor] to talk to your team about outside efforts" isn't a 'solicitation' under federal campaign finance law," Ghosh wrote on X.
Persons: , Pablo Manríquez, Sen, Ted Cruz's, Cruz, Cruz —, Colin Allred, who's, Donors, Cruz's, Saurav Ghosh, it's, reelect Cruz, ade Organizations: Service, Texas Republican, Business, Democratic Rep, Washington , DC, Juneteenth, GOP, Capitol, Republican, Senate, Committee, Ericsson, National Association of, Texas GOP, National Republican, @tedcruz, TX GOP Locations: America, Washington ,, Texas, New York, York, Manhattan
The company then sent me a trip proposal, which provided a few clues about the city I'd be traveling to. Related storiesBecause the tour company didn't note the terminal information on the envelope, I had no choice but to open the card in the car, which was underwhelming. Andrea G. PreziottiI also enjoyed the other trips Journee booked for me, including a drive along the countryside to a small village southeast of the city. Andrea G. PreziottiAlthough I enjoyed the group excursions, I worried that I wouldn't have enough time to explore the city on my own. Next time, I would book with a friend and have a more direct conversation with the tour company about having more time for independent exploration.
Persons: , Booking.com, Andrea G, Preziotti, Journee, hadn't Organizations: Service, Business, Newark Airport, UNESCO, Fado Museum Locations: Newark, Lisbon, Alcântara
Bank of America warned against seeing Nvidia as a potential long-term pullback victim while cautioning that today's artificial intelligence boom is altogether different from the 1990s dot-com bubble. Nvidia briefly rallied 3.8% on Thursday, helping send the S & P 500 above 5,500 for the first time, only to later retreat as much as 3.8%. Additionally, Arya pointed to demand among cloud customers for Nvidia's new Blackwell AI accelerator systems. The analyst said on-premise enterprise and sovereign AI demand as well as software monetization is still in the "early stages." When all is said and done, Arya said that Nvidia's valuation is still "compelling."
Persons: Vivek Arya, Arya, Jensen Organizations: of America, Nvidia, Blackwell
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