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I think Jensen deserves one day a year when he can trace out a vision without a per share attached to it. Sure, plenty of people in line Saturday would, correctly I think, say to "own it, don't trade it." Sure, I was sweating "own it, don't trade it." And, can you imagine if you owned but didn't trade Intel from 1990 to 2000? (Don't tell current Intel CEO Pat Gelsinger, who thinks it is still alive.)
Persons: Lisa, Jensen Huang, Jensen, Lisa Su, Andy Grove, Elon Musk, he's, what's, We've, heaven's sakes, Sam Altman, Jensen's, , Gordon Moore, Robert Noyce, Intel's, Noyce, blowhard, Pat Gelsinger, Enrique Lores, it's, He's, Frank Slootman, Jensen demurred, Frank, AMD's Su, It's, Colette Kress, Jim Cramer's, Jim Cramer, Jim Organizations: Palm, Wine, Club, Nvidia, New Yorker, Devices, Tesla, heaven's, OpenAI, Intel, IBM, HP, AMD, CNBC Locations: Florida, San Francisco, New
Vladimir Putin said Donald Trump was upset in 2020 because he thought Putin wanted Joe Biden to win. Last month, Putin expressed his preference for a second Biden term over a Donald Trump win in 2024. AdvertisementRussian leader Vladimir Putin said former President Donald Trump was upset with him in 2020 over his supposed preference for President Joe Biden in that year's election. "President Putin of Russia has just given me a great compliment, actually," Trump told rallygoers in South Carolina last month, per ABC News. He wants Biden because he's going to be given everything he wants, including Ukraine," Trump said then.
Persons: Vladimir Putin, Donald Trump, Putin, Joe Biden, Trump, Joe, , Biden, he'd, he's, rallygoers, Putin's Organizations: Biden, Service, Trump, GOP, ABC, Business, Republicans Locations: Russia, South Carolina, Ukraine, America
Read previewAmazon's push to grow its $47 billion ad business beyond its core search ads is starting to gain steam with advertisers. About 70% to 80% of advertisers' Amazon budgets go to search ads that drive sales, said Laura Meyer, founder and CEO of Amazon agency Envision Horizons. But Amazon is increasingly investing in adtech to grow its ad business beyond search placements and better compete with giants like Meta and Google. AdvertisementPower said that brands often spend 8% of Amazon sales on ads — mostly search ads that drive sales. He said clients are now increasing budgets to represent 12% to 15% of Amazon sales, with the incremental dollars going toward Amazon's adtech formats.
Persons: , Laura Meyer, Patrick Miller, Mark Power, Power, Horizon's Meyer, it's, Ross Walker, They've Organizations: Service, Amazon, Meta, Google, Business, Trade Locations: Acadia
But where banks' exposure to commercial real estate is concerned, locating that fire may be difficult. Rising interest rates quickly increased the cost of borrowing for investors in commercial real estate, including offices and multifamily homes. It doesn't reveal details such as borrowers' track records, said Mark Hillis, a former chief risk officer for commercial real estate at JPMorgan. There's also varying concentration risk: the largest banks with commercial real estate exposure are more diversified, meaning that any losses won't be as devastating, Baker said. "We think very few banks will run into issues just from their commercial real estate exposure," Reidy said.
Persons: Michael Barr, Jerome Powell, Todd Baker, Mark Hillis, Clifford Rossi, Robert H, Rossi, Baker, There's, Hillis, multifamily, haven't, You'll, Banks, you'll, Rebel Cole, NYCB, Matt Reidy, Reidy, Cole Organizations: Federal Reserve, Business, York Community Bank, SEC, Richman Center for Business, Law, Columbia University, JPMorgan, Smith, Smith School of Business, University of Maryland, Mortgage Banker's Association, Bank, Signature Bank, First, Countrywide Bank, Washington Mutual, Citigroup, multifamily, Florida Atlantic University, Federal, Regulators, TCRE, Equity RCRE, Community Bank, Provident Bank NJ, Merchants Bank of Indiana, Apple Bank for Savings, Oceanfirst Bank, Independent Bank, Lakeland Bank NJ, Ozk, Washington Federal Bank WA, Axos Bank, Sandy Spring Bank, Columbia Bank NJ, Farmers, Merchants Bank of CA, Popular Bank, Pacific Premier Bank, United Bank, Trust, Rockland Trust, Umpqua Bank, ServisFirst Bank, Bell Bank, Stellar Bank, National Bank of, National Bank of Florida FL, New York Community Bank Locations: multifamily, Basel, CRE, California, Rockland, National Bank of Florida
The U.S. Securities and Exchange Commission on Wednesday voted to adopt new rules that will require most publicly traded companies to disclose climate-related risks in their registration statements and annual reports. The rule proposal was first made in March 2022, but the SEC extended the public comment period several times. He noted the SEC has continuously updated its disclosure requirements over the years, including those related to environmental risks. SEC staff members have noted that nearly 40% of publicly traded companies already disclose information about climate-related risk in their annual reports, but there is no common reporting framework. The final rules would require companies to disclose the following:
Persons: Gary Gensler, Hester Peirce Organizations: . Securities, Exchange, Financial, Capitol, Washington , D.C, U.S . Securities, Exchange Commission, SEC, Republican SEC Locations: Washington ,
The Scope 3 disclosure requirements have drawn strong criticism from many corporations, who claim the regulations are too burdensome. The climate disclosure rule was first proposed in March 2022. Since Congress has not passed major climate legislation for years, opponents of the SEC's climate rule will likely sue the SEC and cite West Virginia v. EPA, again arguing that Congress has not granted specific authority for the SEC to act on climate change. The disclosures required from the proposed SEC rule may shuffle the deck on companies that are considered "green" or "not so green." Arne Noack, manager of the Xtrackers S&P 500 ESG ETF and DWS Head of Systemic Investment Solutions for the Americas, will be the guest on ETF Edge at 1:10 p.m.
Persons: Gary Gensler, Gensler, overreach, Joe Biden, Kathleen McLaughlin, Arne Noack, Noack, Todd Sohn, He'll, Dave Nadig Organizations: SEC, U.S ., Banking, Housing, Urban Affairs, Capitol, Washington , D.C, The Institute, New York University School of Law, Environmental Defense Fund, Reuters, Securities, Exchange, Walmart, APA, EPA, Act, America, Corporate, Equity, Systemic Investment Solutions, Edge Locations: Washington ,, America, West Virginia, Virginia, ESG, Americas, ETFedge.cnbc.com
There's a new 13- and 15-inch MacBook Air with an M3 chip, as well as more iPhone 15 cases and Apple Watch bands. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . The company on Monday announced a new 13- and 15‑inch MacBook Air with its proprietary M3 chip. It's also rolled out several new colors for iPhone 15 cases and Apple Watch bands.
Persons: , Apple Organizations: Apple, Apple Watch, Service, MacBook, Intel, Business
Here's what's in store for Timothée Chalamet if Villeneuve gets the green light. "'Dune Messiah' was written in reaction to the fact that people perceived Paul Atreides as a hero. Paul Atreides will be the Emperor of the universe in "Dune 3"Timothée Chalamet as Paul Atreides on Calodan in "Dune." "Dune 3" would also introduce Paul and Chani's childrenZendaya as Chani and Timothée Chalamet as Paul Atreides in "Dune." AdvertisementPaul may exile himself to the desert at the end of "Dune 3"Timothée Chalamet as Paul Atreides in "Dune."
Persons: Denis Villeneuve, Frank Herbert's, Chalamet, Villeneuve, , Timothée Chalamet, Paul Atreides, Paul, Jessica, Rebecca Ferguson, Baron Harkonnen, Stellan, Emperor Shaddam, Christopher Walken, That's, Alia —, Anya Taylor, Joy, Paul's, Zendaya, Princess Irulan, Florence Pugh, He's, Chani, Frank Herbert didn't, , Alia Organizations: Service, Rotten, Empire, Times, Warner Bros, Guild, Warner Bros ., Villeneuve Locations: South Korea, Hollywood, Arrakis, Chalamet
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailElton John auction at Christie's: Here's what's in the vast collectionCNBC's Robert Frank and Christie's CEO Guillaume Cerutti join 'Squawk Box' to discuss the auction for items from Sir Elton John, state of the auction and art market, and more.
Persons: Elton John, Robert Frank, Guillaume Cerutti, Sir Elton John Locations: Christie's
If you think chocolate prices this Valentine's Day were more expensive than usual, it's not you. Year to date, futures contracts are up nearly 27%, with cocoa prices rising in six of the past seven weeks. Here's a breakdown of what's driving cocoa prices higher and how it impacts the investment case around two major chocolate stocks. Doshi thinks cocoa prices could sell off about 20%, taking them to around $4,500 to $4,800 per ton. In an interview with CNBC last week, he underscored the rising cocoa price outlook as the key driver for his lower rating.
Persons: Humza Hussain, El, Aakash Doshi, Doshi, Bernstein, Bruno Monteyne, … There's, Mondelez, Alexia Howard, Hershey, Michele Buck, Bernstein's Howard, Howard, I'd, Bryan Spillane, Morgan Stanley, Pamela Kaufman, Bank of America's Spillane Organizations: Asset Management, CNBC, Hershey, Citi, 2H, Street, Bank of America, Bank of, Cadbury Locations: Mondelez, El Niño, Ghana, Ivory, Nigeria, Europe
Welcome back to TV, Jon Stewart. But since Stewart left in 2015, the "Daily Show" audience has gotten very small, and very old. So here, to spell it out, are three charts from Nielsen showing the decline of prime-time TV, the decline of late-night TV, and the fact that the people who still watch conventional TV are … not young. Big picture: Conventional TV used to attract 103 million people a night back in 2015. Here's what has happened to average viewership across prime-time TV — including both broadcast and cable networks — since 2015.
Persons: Jon Stewart, Stewart, , Trevor Noah, Stewart's Organizations: Nielsen
Jim Cramer said he sees two reasons for the turnaround: "First off, the positive results from its NASH study are bigger than we think. 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. A liquid hydrogen tanker truck taking a fuel delivery at the Linde hydrogen plant in Leuna, Germany, on Tuesday, July 14, 2020.
Persons: Jim Cramer, let's, Eli Lilly, NASH, Amgen, Lilly, Linde, We've, Cramer, DuPont, Estee Lauder, Jim Cramer's, Jim, Rolf Schulten Organizations: CNBC, Nasdaq, Air Products, DuPont, Tech, Alto Networks, Disney, Wynn Resorts, Fox, Warner Bros, Netflix, PayPal, Arm Holdings, Jim Cramer's Charitable, Linde, Bloomberg, Getty Locations: We're, U.S, cybersecurity, Macao, Vegas, Leuna, Germany
If you're feeling sick, it can be frustrating to see a negative COVID test result. Some people say they only get an accurate COVID test result if they swab their feces. AdvertisementYes, there is COVID in your stoolA positive poo sample doesn't necessairily mean you have an active COVID infection. AdvertisementIt is also possible to have a very mild COVID infection, so mild as to be undetectable on a rapid test. This may be more likely if you've built up immunity through a recent COVID infection or vaccine.
Persons: , aren't, they're, Katelyn Jetelina, you've, who'd, swabs, it's, Jetelina, it's COVID Organizations: Service
$78 billion tax package: Here's what's in the bipartisan deal
  + stars: | 2024-01-31 | 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$78 billion tax package: Here's what's in the bipartisan dealJean Ross, Center for American progress senior fellow, Rohit Kumar, PwC Washington National Tax Services co-leader, joins 'Squawk Box' to discuss the $78 billion tax package, what's in the new bill, and more.
Persons: Jean Ross, Rohit Kumar, PwC Organizations: Center, PwC Washington National Tax Services Locations: PwC Washington
My father was old enough to be my grandpa, but that's what made him a great dad. By the time I was born, he'd already lived through so many ups and downs that nothing ruffled him. Born in 1911, Dad was an eighth-grade dropout who'd lived through the Great Depression, fought in World War II, and worked in New York's Garment District. AdvertisementI wish he was around to spend time with my kidsBut here's what's awful about having an old dad: He died before his grandkids got to know him. He was 81 in a veterans' hospital hospital when my first child was born.
Persons: he'd, didn't, Dad, who'd, hadn't, Harpaz, Beth Harpaz, He'd Organizations: Service, Business, Garment, Army, 101st Airborne Division, Operation Market, Hitler Locations: New, Armentières, Charleston, Buzzy's, France, Belgium, Holland
Both gold and bitcoin kicked off the week by hitting new milestones — spot gold hit a record high above $2,100 per ounce, and bitcoin topped $42,000 to hit its highest level since April 2022. The digital currency appears to have broken through key technical levels and could continue to rally through the end of the year, according to Joel Kruger, market strategist at LMAX Group. "A Bitcoin ETF allows easy access to Bitcoin via broker accounts, RIAs and wealth/private banking channels. Think of Bitcoin ETF as the largest pipe ever built between traditional financial markets and crypto financial markets," the note said. XAU= 5D mountain Gold retreated from the record high reached on Sunday evening in New York.
Persons: bitcoin, Joel Kruger, Kruger, Bernstein, Gautam Chhugani, Chhugani, Bitcoin, Maximilian Layton, Layton, Gold, Craig Erlam Organizations: LMAX, CNBC, Securities, Exchange Commission, SEC, BlackRock, ETF Locations: Bitcoin, U.S, New York
The Wells Fargo Autograph Journey will be a new Visa product available to consumers sometime next year, according to a direct confirmation from the credit card issuer. Furthermore, Wells Fargo will not be announcing Autograph card transfer partners for hotels and airlines in 2023. If you're interested in expanding your wallet to include a Wells Fargo product, you can always turn to the Wells Fargo Autograph℠ Card. Wells Fargo Autograph℠ Card Apply now lock icon An icon in the shape of lock. Wells Fargo Autograph Card review External link Arrow An arrow icon, indicating this redirects the user."
Persons: Wells, Wells Fargo, you've, Nicole Dye, You'll, Insider’s Organizations: Finance, Anderson, of Media Relations, Wells, PayPal Locations: Wells Fargo, Wells
Global temperatures and greenhouse gas emissions continue to break records, with no continent left untouched by more frequent and intense extreme weather events. MoneyClimate finance is always a hotly debated talking point at the U.N. summit and COP28 promises to be no different. She anticipated three main debates around the use of oil, gas and coal — the burning of which is the chief driver of the climate crisis. "So, one is this 'phase out' or 'phase down' [of fossil fuels]. There is no credible scenario where CCS will allow continued use of fossil fuels, let alone expanding oil and gas.
Persons: Sean Gallup, HENRY NICHOLLS, Henry Nicholls, COP28, Alex Scott, Rich, Sultan al, Jaber, LUIS TATO, Luis Tato, Melanie Robinson, Robinson, Sultan Al Jaber, Francois Walschaerts Organizations: AG, Getty, United Arab Emirates, InterContinental, Fossil, Energy Intelligence, Afp, Organization for Economic Cooperation, Development, Getty Images, Abu, Abu Dhabi National Oil Company, Climate, World Resources Institute, CNBC, CCS Locations: Salzgitter, Germany, Dubai, Bonn, COP28, London, AFP, E3G, Egypt, COP27, UAE, Garissa, Africa, El Nino, Abu Dhabi, WRI, Brussels
The kiosks are usually a help for both shoppers and retailers, but there's much room for improvement. AdvertisementSince the introduction of self-checkout more than 30 years ago, the technology has become ubiquitous in stores across the US and around the world. Meanwhile, those anti-shoplifting measures are frustrating some customers who say they are fed up with systems flagging them as potential criminals. AdvertisementI tried Walmart's self-checkout to see if it was as frustrating as some shoppers say. More than 100 Walmart stores nationwide have a new look.
Persons: Organizations: Service, Walmart, Costco, Lowe's, Tractor Supply, Giant, San Francisco Safeway, Amazon
Jeremy Grantham's investment firm is taking its first steps to enter the world of exchange traded funds, debuting a new offering modeled on one of Grantham, Mayo, Van Otterloo's crown jewel mutual funds. The GMO U.S. Quality ETF (QLTY) launched last Wednesday, marking the investment firm's first ETF. The new ETF will be managed by the same team that helms GMO Quality III mutual fund ( GQETX ). The QLTY ETF should see a similar turnover rate of around 20% to what the mutual fund has, he added. Jeremy Grantham, GMO's chief investment strategist, is not directly involved in the new ETF.
Persons: Jeremy, Van, Tom Hancock, Hancock, Jeremy Grantham Organizations: Quality, helms, Morningstar, Microsoft, General Electric Locations: Grantham, Mayo
On Nov. 8, after 118 days of striking, Hollywood actors reached a tentative agreement with studios and streamers regarding the working conditions of their industry. Wage increases, new streaming bonuses and limits on self-tapesSAG's new contract covers numerous aspects of actors' jobs. Actors will get a hike in basic wage minimums for a variety of projects across both film and television. For anyone with a speaking role, minimums will increase by 7% effective Nov. 9, another 4% effective July 2024 and another 3.5% effective July 2025. Background actors will get an increase of 11% on Nov. 9 and the same increases as others going forward.
Persons: Fran Drescher, Duncan Crabtree, AFTRA, minimums, Jonathan Handel, Tallie Medel, who's, they've, Handel Organizations: SAG, Alliance, Television Producers, Screen, American Federation of Television, Radio Artists, Sony, CNBC Locations: Ireland, Los Angeles , California
The House Ethics Committee just released a report on its investigation into George Santos. AdvertisementThe House Ethics Committee finally released a report on its months-long investigation into Republican Rep. George Santos of New York on Thursday morning. "Representative Santos' conduct warrants public condemnation, is beneath the dignity of the office, and has brought severe discredit upon the House," the committee declared in a statement accompanying the report. The committee also released a much lengthier report compiled by an investigative subcommittee (ISC), along with hundreds of pages of additional evidence. Here's the 8-page report that the House Ethics Committee released:And here's the lengthier 56-page report from the investigative subcommittee:
Persons: George Santos, Here's, , Santos, Anthony D'Esposito —, New York Republicans who's Organizations: Service, Republican Rep, Federal, Commission, ISC, Republicans, Democratic, Republican, New York Republicans Locations: George Santos of New York
Even GDP growth should translate to a 400% increase in water demand by 2050. The First Trust Water ETF (FIW) has an average annual return of 10.5% over the past decade, according to FactSet, and is the top rated fund in the space by Bank of America ETF strategist Jared Woodard. As the impending realities of water scarcity become clearer, we expect water funds to benefit," Woodard said in a Nov. 6 note. FIW ALL mountain The First Trust Water ETF (FIW) has a solid long-term track record. Ferguson's clients include large commercial buildings and water utilities.
Persons: Haim Israel, Jared Woodard, FIW, Woodard, Industrials, Ferguson, Ecolab . Roper Organizations: Bank of America, Water, Trust, Companies, Roper Technologies, Neptune Technology Group Locations: industrials, Minnesota
That includes Ohio, where voters Tuesday enshrined abortion access in the state constitution. Opponents want to ban abortion throughout pregnancy. The state Supreme Court in 2019 upheld a lower court decision that there is a right to abortion in the state constitution. ___NEBRASKAAbortion rights advocates have submitted language to Nebraska' secretary of state for a ballot question that would expand abortion access. In the third trimester, the state could ban abortion — except when it's needed to save the woman's life.
Persons: Roe, Wade, Ron DeSantis, General Ashley Moody, State Jay Ashcroft, Ashcroft, ___, it's, Jay Inslee Organizations: Ohio, U.S, Supreme, Democratic, ___, Republican Gov, Republican, Republicans, ___ MARYLAND Lawmakers, State, ___ NEVADA Voters, ___ SOUTH DAKOTA Voters, WASHINGTON Democratic Gov, Associated Press Locations: Ohio, Maryland, New York, ARIZONA, ___ COLORADO Colorado, Colorado, ___ FLORIDA, Florida, IOWA, Iowa, MISSOURI, Missouri, ___ NEBRASKA, Nebraska, PENNSYLVANIA, ___, South Dakota
They are building a $59 billion city in the desert and have already built 4,350 miles of new roads and 900 tunnels and bridges. To make way for its new infrastructure, thousands of graves have been razed as well as hundreds of acres of public green space. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Egypt's president Abdel Fattah el-Sisi is trying to turn Cairo into a modern city, like Dubai.
Persons: , Abdel Fattah el Organizations: Service Locations: Egypt, Cairo, Dubai, He's
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