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In May, Mr. Biden’s campaign and its joint operation with the Democratic National Committee raised $85 million, compared with $141 million for Mr. Trump and the Republican National Committee, according to the two campaigns. In April, the Trump team also brought in $25 million more than the Biden team. The Trump operation and R.N.C. A partial count on Thursday, revealed in Federal Election Commission filings, showed that Mr. Trump had amassed a war chest of at least $170 million with the party. Overall, Mr. Trump was a daunting $100 million behind Mr. Biden at the start of April.
Persons: Donald J, Trump, Biden, outpacing Organizations: Mr, Democratic National Committee, Republican National Committee, Trump, Biden
He is winning among Black women in the KFF survey by 58 percentage points, but that represents a significant drop from his 86 percentage point margin among Black women in the approach to the 2020 election, according to an average of New York Times/Siena College polls from that election. Mr. Biden’s lead with Hispanic women has also shrunk substantially, to about 12 points. The survey found Mr. Biden’s lead among women overall to be four points. They approve of how Mr. Biden is handling abortion and would like to see him re-elected. In Michigan, nearly 60 percent of Black women say inflation is the most important issue to their vote.
Persons: Biden, Biden’s, Donald J, Trump, , , can’t, Roe, Wade, Ashley Kirzinger, “ It’s, Ms, Kirzinger, Kellyanne Conway, Trump’s, ” “ Joe Biden, Joe Biden, ” Ms, Conway, Ronald Reagan, George H.W, Bush, John Kerry Organizations: Democrat, The New York Times, Republicans, Democratic, Black, New York Times, Republican, Mr, Locations: Arizona, Michigan, KFF, Siena
If you did, you’d remember him, maybe a little uneasily. His voice could clear a range from excitedly high to a menacing bass that would make you feel like ducking for cover. His turn as the titular private detective opposite Jane Fonda in Alan Pakula’s 1971 “Klute” rides a tricky knife’s edge — is he a good guy? Sutherland worked constantly and, unlike some actors of his generation, never really seemed like he belonged to a single era. In the book, he’s sardonic and contemptuous of all but his oldest two daughters, Jane and Lizzy; the reader doesn’t walk away with particularly warm feelings about him.
Persons: Donald Sutherland, wasn’t, he’d, “ we’ve, Sutherland, Jane Fonda, Alan Pakula’s, Philip Kaufman’s, , X, Oliver Stone’s, Hawkeye Pierce, Robert Altman’s, Vernon, Pinkley, Robert Aldrich’s, Joe Wright’s, Bennet, Jane Austen’s, Jane Organizations: GQ
Investors may want to consider hedging their emerging market plays, according to one exchange-traded fund expert. Ben Slavin, global head of ETFs and managing director at BNY, said that while there have been notable inflows into Indian, European and Japanese ETFs, investors should account for the strength of the U.S. dollar. The iShares MSCI Japan ETF (EWJ) gives investors exposure to Japanese equities but does not account for fluctuations between the Japanese yen and the U.S. dollar. The WisdomTree Japan Hedged Equity Fund (DXJ) , which gives exposure and accounts for fluctuations, has grown more than 20% in that same time frame. And ETFs have those different options available for investors to allocate one way or the other," Slavin said.
Persons: Ben Slavin, Slavin, CNBC's Organizations: U.S ., Japan Hedged Equity Locations: Japan
“It’s an area that’s known for producing horned dinosaurs. In fact, there are four other species of horned dinosaurs known from this particular region,” Sertich said. Fossils of the four other species of similar horned dinosaurs with which it shared its habitat were discovered in the same area. Different types of horned dinosaurs have distinct horns along the edge of that frill. “The bodies of these horned dinosaurs are very similar, yet their heads are adorned with some wild head gear.”Similar appendages are found on the heads of horned lizards, Lyson added, except in these horned dinosaurs, they are attached to multiton bodies.
Persons: , Joseph Sertich, , ” Sertich, Lokiceratops, Mark Eatman, ” Eatman, don’t, They’re, it’s, Loki, Sertich, Brock Sisson, Ben Meredith, Mark Loewen, Steve Brusatte, ” Brusatte, David Norman, ” Norman, Tyler Lyson, “ I’m, “ It’s Organizations: CNN, Smithsonian Tropical Research Institute, Colorado State University, North Carolina Museum of Natural Sciences, Museum, of Evolution, telltale, of Utah, University of Edinburgh, University of Cambridge, Denver Museum of Nature & Science Locations: Maribo, Denmark, Montana, Canada, North America, Raleigh, Lokiceratops, Salt Lake City, United Kingdom
But Olive Garden is holding out. In the quarter ending on May 26, sales at Olive Garden restaurants open at least 16 months dropped 1.5%. Olive Garden has tried to avoid such pushback by keeping its price increases low. “While Olive Garden same restaurant sales were below the industry, same-restaurant guest counts outperformed the industry,” Vennam said. “The way we do it is more sustainable.”Rather than vie for customers with steep discounts, Olive Garden is planning to bring people in by highlighting its regular offerings.
Persons: they’ve, Olive, “ We’re, , Rick Cardenas, Olive Garden, Cardenas, Raj Vennam, ” Vennam, Eddie V’s, David Henkes, Technomic, ” Cardenas Organizations: New, New York CNN, Darden, Olive Garden, Olive, LongHorn, Bureau of Labor Statistics, CNN Locations: New York, Applebee’s, Olive Garden’s, Olive
The market is underestimating one corner of artificial intelligence, according to Morgan Stanley. The innovation in the sector is set to drive AI chip capabilities, said Morgan Stanley. Morgan Stanley says it sees "outsized winners" in Japan, South Korea and the European Union. Taiwan TSMC : Morgan Stanley noted the Taiwanese semiconductor firm is a major provider of CoWoS technology, a type of packaging technology. Japan Morgan Stanley says it favors Disco and Advantest the most out of all the companies in Japan that are producing equipment for advanced packaging.
Persons: Morgan Stanley, That's, Amkor, TSMC, — CNBC's Michael Bloom Organizations: Engineers, European Union, United, Semiconductor Assembly, Test Services, Apple, ACM Research, SK Hynix, SK Hynix's Locations: Japan, South Korea, United States, Arizona, Taiwan
download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. A year later, in 1975, I had a second manic episode, which landed me in Langley Porter Hospital. I first met Henry when I was a patient myselfI played ping-pong with Henry, a stocky, lively patient around my age. Then I saw his name on my list of patients on the large whiteboard that paired patients with their primary therapists. Advertisement​​Excerpted from The Bipolar Therapist: A Journey from Madness to Love and Meaning by Marcia Naomi Berger.
Persons: , Henry, Langley Porter's, I've, Marcia, Doreen, I'd, Langley Porter, Henry —, Barbara, Marcia Naomi Berger Organizations: Service, Langley Porter Hospital, Business, Elmhurst, Bitachon Press Locations: Queens , New York, San Francisco, Langley Porter, earshot
Participants during the snowboarding activity with the Hoods to Woods Foundation at Big Snow American Dream in East Rutherford, New Jersey on June 13, 2024. "It keeps me out of the house," Gibson told CNBC from a lounge room in the Big Snow complex. Participants during the snowboarding activity with the Hoods to Woods Foundation at Big Snow American Dream in East Rutherford, New Jersey on June 13, 2024. The group also accepts donations of gear or gifts, while Big Snow has lent its facilities at no charge to the nonprofit for years. Through Hoods to Woods, Diaz, Paupaw and their volunteers have built many relationships with their participants.
Persons: Danielle DeVries, Gibson, Woods, Omar Diaz, Diaz, Brian Paupaw, Sebastian, Veronica Vogelman, Paupaw, Big Snow, Annette Diggs, Ciera Young, Zyshawn Gibson, Tah'gee Van Dunk, Abby Crisostomo, Crisostomo Organizations: Foundation, Big, CNBC EAST RUTHERFORD, Woods Foundation, CNBC, Snowsports Industries, National Ski Areas, Edge, Unlikely Riders Locations: East Rutherford , New Jersey, N.J, New York, New Jersey, United States, Paupaw, Woods, Washington, , Vermont
Read previewThe Senate subcommittee investigating Boeing's safety and quality practices on Monday released a new report — and it contains new allegations from company whistleblowers about what happens to faulty plane parts. A new slate of accusations came from Sam Mohawk, a Boeing quality assurance investigator in Renton, Washington. Related storiesThe Senate subcommittee also highlighted allegations from former Boeing quality manager Merle Meyers. The fresh slate of accusations from Boeing whistleblowers adds to the existing allegations against the company from other Boeing whistleblowers. AdvertisementNotably, two Boeing whistleblowers died before the Senate subcommittee's report came out on Monday.
Persons: , Sam Mohawk, Merle Meyers, Meyers, Joshua Dean, Dean, John Barnett, Dave Calhoun, Calhoun, Sen, Josh Hawley Organizations: Service, Business, Boeing, Occupational Safety, Health Administration, FAA, OSHA, BI Locations: Washington, Renton , Washington . Mohawk, Renton, Charleston
That “surreal moment” seemingly was the start of an exciting career in the game – Briggs was once tipped as a future England captain. In the year when he walked away from soccer, Briggs moved in with his uncle. For the first time in his life, Briggs learned how to deal with the feelings he had struggled with for years. Briggs playing for England in the Under-20 World Cup in 2009. Thousands of young players are fed into the academy system every year, with only a tiny percentage ever making it.
Persons: CNN — Matthews Briggs, – Briggs, ” Briggs, , , , Briggs, , Middlesborough, Wayne Rooney, Lee Smith, I’m, Joe Giddens, Matthew Briggs, , I’ve, Alex Livesey, “ I’ve, that’s, it’s, Matthew Ashton, ” Neil Saunders, Briggs leant, Harvey Elliot, Arsenal’s Ethan Nwaneri, Elliot Organizations: International Association for Suicide Prevention, Befrienders Worldwide, CNN, English Premier League, Fulham, CNN Sport, Fulham’s, Arsenal, Premier League, Professional Footballers Association, England, Guyana’s CONCACAF, FIFA, US, Danish, HB Køge, Guyana, CONCACAF, Panama, Academy, PFA –, PFA, Liverpool Locations: England, Dubai, , Guyana, Panama, Trinidad & Tobago
One of the field’s top fund-raisers, Krystle Kaul, faces charges of embellishing her résumé well beyond the usual flourishes of a political campaign. Ms. Filler-Corn was the first woman and first Jewish speaker of the Virginia State House. Mr. Helmer is a Rhodes scholar and an Army veteran who served in Afghanistan, Iraq, and as a member of the Virginia House. Then last week, an anonymous Democratic official, speaking through her lawyer, accused Mr. Helmer of groping her and later making sexually crude remarks. “That would be presumptuous.”Democratic voters in the district peppered by texts attacking Mr. Helmer could be forgiven if they do not know where to turn.
Persons: Dan Helmer, Eileen, Krystle Kaul, Suhas Subramanyam, Jennifer Wexton, Subramanyam, Helmer, Barbara Comstock, Donald J, Trump, Mr, , Ms, Wexton, Helmer of groping, Kaul, Michele Davis Younger, , Will Reinert, Subramanyam’s, Aliscia Andrews, Alexander Isaac, Avram Fechter Organizations: Congressional, Democratic, Senate, Republican, Virginia State House, Army, Virginia State House Democrats, Washington Post, Loudoun County Democratic Party, National Organization for Women, , Republicans, Democrat, National Republican Congressional, ” Democratic, Virginia Democratic, Federal, Commission, PAC, United States Central Command, Department of Defense, Marine Corps, Loudoun County Democratic Locations: Washington, Israel, Virginia, Rhodes, Afghanistan, Iraq, Democratic, Loudoun County, Va
download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewThe Department of Defense continues to struggle to quickly deliver new technologies, a watchdog agency argued in a new report published Monday. Additionally, the Department of Defense's acquisition programs have had difficulties hiring and retaining a sufficient workforce, especially in software-focused fields. And "Russia is increasing its military capability and seeks to expand control over portions of the former Soviet empire." Advertisement"DOD concurred with the software workforce recommendations and partially concurred with the remaining recommendation," the agency said.
Persons: Organizations: Service, of Defense, DOD, Office, Business, Pentagon, GAO, US Navy, Department of Defense, Department of Locations: China, Russia, Soviet
Meta poised for another breakout, according to the charts
  + stars: | 2024-06-18 | by ( Todd Gordon | ) www.cnbc.com   time to read: +4 min
Meta (META) is about 5% from all-time highs and technically set up for a move to break to a new record. Since then during its 'year of efficiency' free cash flow has been built back to about $11-$13 billion per quarter for a yearly cash flow of about $50 billion. Meta is already making significant progress as its AI-generated content recommendation systems on Instagram Reels has made sharing among users increasingly popular. Analysts are expecting Meta to grow earnings by 14% for the next two years and revenues by about 12%. -Todd Gordon, founder of Inside Edge Capital, LLC DISCLOSURES: (Gordon owns META personally and in his wealth management company Inside Edge Capital Management, LLC Charts.)
Persons: we've, Todd Gordon, Gordon Organizations: Inside Edge, Reality Labs, Meta, Nvidia, Apple, Alpha, Inside Edge Capital Management
May retail sales rise 0.1%, weaker than expected
  + stars: | 2024-06-18 | by ( Jeff Cox | ) www.cnbc.com   time to read: +2 min
A worker assists with check-out at a Costco store in Teterboro, New Jersey, US, on Wednesday, Feb. 28, 2024. Retail spending was weaker than expected in May as consumers continued to wrestle with stubbornly higher levels of inflation. Sales rose just 0.1% on the month, one-tenth of a percentage point below the Dow Jones estimate, according to a Commerce Department report Tuesday that is adjusted for seasonality but not inflation. On a year-over-year basis, sales rose 2.3%. The sales number was worse when excluding autos, with a decline of 0.1% against the estimate for a 0.2% increase.
Persons: Dow Jones, Patrick Harker Organizations: Costco, Commerce Department, Federal Reserve, Fed, Philadelphia Fed Locations: Teterboro , New Jersey, US
Autonomous trucking startup Waabi announced Tuesday it has raised $200 million in an oversubscribed Series B funding round led by existing investors Uber and Khosla Ventures. Waabi's latest funding round also includes Nvidia, a new investor in the company, as well as Porsche and the venture capital arm of Volvo. Using generative AI, Waabi has built a single AI system that is capable of reasoning, just as humans do, and that can come up with problems human minds couldn't conceptualize. The new investor round brings Waabi's total funding to $280 million since being founded in 2021. "This funding round gives us everything we need, both financially and strategically, to launch fully driverless trucks and accelerate our growth in 2025," Urtasun said.
Persons: Waabi, couldn't, Raquel Urtasun, Jensen Huang, Urtasun Organizations: Uber, Khosla Ventures, Nvidia, Porsche, Volvo, Uber Freight, U.S, Trucking, CNBC Locations: Toronto, Dallas, Houston, Texas, U.S, Waabi
Nvidia on Tuesday claimed the top spt as the world's most valuable company. Shares of the chip maker rose 4%, helping it edge past Microsoft's market cap. AdvertisementNvidia stock rose 4% on Tuesday, helping push its market capitalization past that of Microsoft to claim the title of the world's most valuable company. The chip maker on Tuesday boasted a market value of $3.338 trillion, edging out Microsoft's $3.326 trillion market cap by just $12 billion. Nvidia stock hit an intraday-high of $136.25 Tuesday afternoon.
Persons: , ChatGPT Organizations: Nvidia, Tuesday, Service, Microsoft, Apple, AMD
Racine, Wisconsin CNN —Days after reportedly calling Milwaukee “horrible” behind closed doors, former President Donald Trump will rally with his supporters just south of the city in one of the country’s top battleground states. The Trump campaign pushed back on some of the public characterization of the alleged remark, saying he was referring to crime and “voter fraud.” As his alleged comment reverberated around the Badger State, Trump clarified to a Fox News reporter, “I love Milwaukee. Milwaukee – in addition to the state capital of Madison – is a center of Democratic power in Wisconsin and home to more voters than any other city in the state. One in five of the votes for Joe Biden en route to his narrow Wisconsin victory in 2020 were cast in Milwaukee. “In a state that’s decided on a razor’s edge, that may ultimately cost Donald Trump the election,” Johnson said.
Persons: Donald Trump, Trump, , Milwaukee, Madison –, Joe Biden, Cavalier Johnson, CNN’s Laura Coates, Trump’s, ” Johnson, Biden, ” Biden, ” Trump, Hillary Clinton, White, “ Foxconn, Organizations: Wisconsin CNN, Milwaukee, Republicans, Capitol, Badger State, Fox News, Milwaukee –, Democratic, Biden, Democratic National Committee, Milwaukee Bucks, NBA, White, Republican, Wisconsin ”, New York Times, Siena, FBI, Trump Locations: Racine, Wisconsin, Milwaukee, Madison, Taiwan
AI skills could rival job experience in hiring decisions — and not just in techClose to 70% of leaders say they won't hire someone without AI skills and would rather hire a less experienced candidate with AI skills than a more experienced person without them, according to the report, which surveyed more than 30,000 people in 31 countries. Some companies including Google and Amazon have announced investments in teaching their workforce AI skills, but such initiatives aren't the norm: Only 25% of companies are planning to offer training on generative AI tools like ChatGPT and Microsoft Copilot, Microsoft and LinkedIn found. There are dozens of free online courses people can use to learn AI skills offered by companies like IBM and Google and Ivy League institutions like Harvard University and the University of Pennsylvania. "Less than two years after generative AI burst onto the scene, we're seeing this technology being woven into the fabric of work across a wide range of industries," Stallbaumer says. Generative AI tools in particular have seen a surge in workplace adoption, with usage doubling in the last six months, Microsoft and LinkedIn report.
Persons: Raman, it's, Colette Stallbaumer, Stallbaumer, It's Organizations: , Microsoft, LinkedIn, CNBC, Google, IBM, Ivy League, Harvard University, University of Pennsylvania
Amanda Goh/Business InsiderInitially, they planned to use Bali as a base to travel around Asia. Amanda Goh/Business Insider"It was very busy, very loud, and a lot of traffic," Lucie said. Amanda Goh/Business InsiderBuilding the home took about four months, and they estimate they spent about $70,000 on the build. Amanda Goh/Business InsiderFor instance, the couple's house is supported by six steel pillars and made from local brick. Amanda Goh/Business Insider"How much material was extracted from the ground, transported, and transformed?
Persons: , Lucie Yu, Lucie, Tanguy, Amanda Goh, Tony Gwilliam, Gwilliam, R, Buckminster Organizations: Service, Business Locations: Bali, Lombok, Paris, Asia, Kerobokan, Canggu, Kediri
Read previewWeddings are expensive, but guests are saying it's not up to them to help couples make ends meet with pricey gifts. You go to the wedding to pay for you, you cover your plate, and give them something." "If you're expecting your wedding guests to shovel out 300 plus dollars to attend your wedding, you are out of your fucking mind," Farmer said. "It's not your wedding guests' responsibility to fund your ridiculously expensive wedding." "I told everyone who traveled to my wedding that their presence was the wedding gift!"
Persons: , it's, EmpathEyes, aren't, Kat Thomas, Thomas, I've, that's, Farmer, commenter, Gen Zers, Gen Organizations: Service, Business, Newsweek
McDonald's to end AI drive-through test with IBM
  + stars: | 2024-06-17 | by ( Kate Rogers | ) www.cnbc.com   time to read: +4 min
The drive-through menu at a McDonald's restaurant showing various meal options and promotions, in Buttonwillow in Kern County, California, on 23, 2024. The fast-food giant will end a test run of its AI drive-through technology partnership with IBM in more than 100 restaurants. In a statement, McDonald's told CNBC it is not ruling out potential AI drive-through plans in the future, even though it ended the IBM partnership. In statement, IBM said it will work with McDonald's on "a variety of other projects" as the test ends. While McDonald's AI plans for the future are unclear, all eyes will be on Alphabet 's Google.
Persons: Mason Smoot, McDonald's, Sundar Pichai, Peter Saleh, Saleh Organizations: IBM, CNBC, McDonald's, Yum Brands, Mastercard, Google Locations: Buttonwillow, Kern County , California, Del Taco, Barcelona
Score and Georgia would qualify for Euro 2024; miss and it might be yet another story of heartbreak for this generation of fans to live through. Georgia's players celebrate after winning Euro 2024 play-off final against Greece. Helping Georgia qualify for Euro 2024 is the latest highlight in Webb’s unique coaching career, a journey which has taken some unlikely twists and turns over the years. Emotional Euro 2024 campaignIt was an opportunity Webb couldn’t turn down, a chance to work with an exciting generation who had their hearts set on qualification to Euro 2024. The players were ready.”Webb has used his innovative coaching methods to help Georgia qualify for Euro 2024.
Persons: Nika Kvekveskiri, David Webb, stuttered, , Webb, Boris Paichadze, Giorgi Arjevandidze, he’s, Englishman Webb, , ” Webb, Lasha, , Giorgi Arjevanidze, Willy Sagnol, Sagnol, I’d, Lasha Kuprashvili, Khvicha Kvaratskhelia, “ We’re, we’ve, We’re, ” Georgia’s Organizations: CNN, CNN Sport, Greece –, “ Staff, Boris Paichadze Dinamo Arena, Greece, Getty, Georgian, York City, France, Georgian men’s, , Luxembourg, Napoli, Georgia Locations: Georgia, Germany, AFP, France, Turkey, Portugal, Czech Republic
[The stream is slated to start at 1:15 PM ET. Please refresh the page if you do not see a player above at that time.] CNBC's ETF Edge is dedicated to the fastest-growing trend in investing right now: ETFs. Every Monday, Bob Pisani will be joined by a panel of top market participants to offer educational and actionable advice to help you build your best portfolio.
Persons: Bob Pisani Organizations: Edge
For the week: The tech-heavy Nasdaq gained 3.2%, while the S & P 500 rose 1.6% and the Dow fell 0.5%. The analysts raised their price target to $106 per share from $85. There were several price target bumps on Micron ahead of earnings next week on June 26. Nike price target was lowered to $114 per share from $116 at Morgan Stanley. Citigroup price target was increased to $66 per share from $63 by RBC Capital.
Persons: Wedbush's Ives, Toll, Goldman Sachs, Morgan Stanley, Jim Cramer's, Jim Cramer, Jim Organizations: Nasdaq, Dow, Fed, Citi, UBS, Microsoft PT, Microsoft, Apple, Union Pacific, Loop, Autodesk, Wall Street, Micron, Bank of America, PT, Nike, Citigroup, RBC Capital, Jim Cramer's Charitable, CNBC, Dow Nasdaq, Microsoft Apple, Union Pacific Activist Investor, Micron Nike Citigroup
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