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Morgan Stanley Revenue rose 4% year over year to $15.14 billion, beating expectations of $14.41 billion, according to data compiled by LSEG. C YTD mountain Citigroup (C) year-to-date performance Citigroup had a decent quarter, Jim said. Jim said BofA just didn't shine versus the other major banks, and on earnings day Wall Street agreed, sending the stock down 3.5%. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.
Persons: Jim Cramer, Jim, Morgan Stanley, Goldman Sachs, Wells Fargo, Here's, Morgan Stanley's, Ted Pick, Pick, Goldman, Charlie Scharf, He's, Scharf, Wells, Jane Fraser's, BofA, Jamie Dimon, Jim Cramer's, JPMorgan Organizations: Citigroup, Bank of America, JPMorgan Chase, Investment, Morgan, Morgan Stanley Revenue, LSEG, Wealth, Goldman, Wells, Management, Silicon Valley Bank, Club, Citigroup Revenue, Citi, Bank of America Revenue, Bank, of, JPMorgan Chase Revenue, JPMorgan, CNBC, Citibank, Reuters Locations: Goldman Sachs, Wells Fargo, Silicon, buybacks, Wells
Hong Kong CNN —The top four finishers of the Beijing Half Marathon have been stripped of their medals after an investigation found three African runners deliberately slowed down near the finish line to let a Chinese competitor win, according to organizers. The three African runners were invited to join the race as pacemakers by Chinese sports company Xtep, which sponsored both He and the Beijing Half Marathon, according to the committee. But Xtep failed to note the trio as pacemakers to the race operator, Zhong’ao Lupao Beijing Sports Management company, the committee said. The committee disqualified the operator from hosting the Beijing Half Marathon and banned Xtep from sponsoring any more races this season. He is ranked 74th in the world in the men’s marathon by World Athletics and is expected to lead the way for Asian runners in the upcoming Paris 2024 Summer Olympics.
Persons: China’s, Jie, Kenya’s Willy Mnangat, gesturing, Robert Keter, Ethiopia’s, Xtep, Xtep “, Organizations: Hong Kong CNN, Beijing Sports Management, Marathon, World Athletics Locations: Hong Kong, Beijing, Kenya, China
A whole lot of people who were anti-union in the past have switched.”The union vote at the Volkswagen plant will mean more than whether the 4,300 hourly workers in Chattanooga are members of the UAW or not. But he said he wants the better pay and benefits he sees workers at unionized auto plants are getting, in order to provide more for his family. Volkswagen staying neutralThe company said it is neutral in the election, only urging workers to vote however they want. That’s relatively rare in union representation elections, where management often lobbies workers to vote no at mandatory meetings, and sometimes takes action against union organizers. Bill Lee and five other Southern governors – from Alabama, Georgia, Mississippi, South Carolina and Texas – who have nonunion auto plants in their states.
Persons: Renee Berry, , they’re, Darrell Belcher, it’s, Berry, ” Berry, Kelcey Smith, ” Smith, , Belcher, he’s, Mercedes –, Tesla, Wheaton, Bill Lee, , Joe Biden, Corey Linn, Biden, He’s, ’ ” Berry Organizations: New, New York CNN, Volkswagen, United Auto Workers, UAW, unionize, ” UAW, GM, Ford, VW, , Mercedes – BMW, Honda, Hyundai, Mazda, Nissan, Subaru, Toyota, Volvo, Cornell University’s Industrial, Labor Relations, Tennessee Republican Gov, Southern, , don’t Locations: New York, Chattanooga , Tennessee, Chattanooga, Tennessee, Michigan, Pennsylvania, Mexico, Germany, United States, Tuscaloosa , Alabama, Alabama , Georgia , Mississippi, South Carolina, Texas
This is because climate politics looks different in the developing world; it will shape Indian elections in definitive but under-the-radar ways. Similarly, stump speeches throughout this campaign season have not featured climate change as a central issue. The headwinds of climate change are absorbed by the electoral machine and emerge as end-of-tailpipe policies rather than grand climate strategy. This pattern of climate politics is reinforced by seemingly low recognition in India of climate change as a problem. The climate impacts buffeting the most populous nation on earth aren’t just a domestic issue — they’re an international one.
Persons: Aditya Valiathan Pillai Nadeem Z, Aditya Valiathan Pillai, Read, New Delhi CNN —, Amarjeet Kumar Singh, Kabir Jhangiani, Narendra Modi, Stump, Pawan Sharma, Tamanna Dalal Organizations: New, New Delhi CNN, Anadolu Agency, Getty, Bharatiya Janata Party, BJP Locations: New Delhi, India, Bangalore, Silicon, Karnataka, Mumbai, Delhi, sunburnt, Uttar Pradesh, China, Australia, Agra, Maharashtra, North Bengal, Bengal
A nanny share is when two or more families have one nanny taking care of their kids. Finally, even though you save money compared to a private nanny, shares still tend to be more expensive than larger childcare environments. There are a lot of logisticsYou have flexibility with a nanny share, but that also means you have to sort through logistics. My family loves having a nanny shareAs with most decisions, there are pros and cons to nanny shares. Since we all have different preferences and priorities, whether to move forward with a nanny share will depend on how you personally weigh the pros and cons.
Persons: , Nanny, I've, We've Organizations: Service, Hosting
Kansas City Chiefs quarterback Patrick Mahomes has defended his "dad bod." Having more body fat is actually helpful as a quarterback, which is the case for many sports. Reacting to a viral shirtless photo of himself, the Kansas City Chiefs quarterback defended his "dad bod" in an interview with Time magazine for the 2024 Time 100. "I definitely have the dad bod a little bit," Mahomes, 28, said. Having higher body fat doesn't mean Mahomes is lacking explosive power and strength in his muscles, even if they're a bit less visible.
Persons: Patrick Mahomes, Travis Kelce, , he's, Mahomes, You've, who's, Bauer, Griffin Travis Kelce, Taylor Swift, We're, Kelce, Jason, Ben Carpenter, Carpenter Organizations: Kansas City Chiefs, Service, Forbes, Rachpoot, Griffin Travis Kelce , Kansas City Chiefs, Philadelphia Eagles Locations: LA, Griffin Travis Kelce ,, Bahamas
We don't need institutional studies to know that having good friends makes us happier and healthier. And when we think of friendships, more often than not, we think of people who are generally around our own age. But I've learned that intergenerational friendships, defined as those with someone at least 15 years older or younger, can be the most rewarding of them all. Six years later, when my own mother died from cancer, Terri gradually assumed the role of surrogate mother, becoming a non-judgmental sounding board. The older I get, the more I appreciate her, perhaps because as I age, I realize that time is finite and precious.
Persons: I've, Terri, Kathy, hipper, cabana, Frank Sinatra Organizations: Service, Business Locations: Riverdale , NY, India, California, New York
Hong Kong CNN —Chinese runner He Jie’s victory Sunday in the Beijing Half Marathon is facing a probe after his win was called into question by Chinese internet users because a trio of African runners appeared to deliberately slow down to let him win. The Chinese runner crossed the finish line in 1:03:44 to claim the $5,500 first prize, with the African trio just one second behind in joint-second place. The video clip shows the African runners applauding He’s win and patting him on the back, though the Asian Games marathon champion appears less enthused despite winning his first ever competitive half marathon. Some Chinese internet users called for an investigation into the race, while others demanded action from organizers. He is ranked 77th in the world in men’s marathon by World Athletics and is expected to lead the way for Asian runners in the upcoming Paris 2024 Summer Olympics.
Persons: Kenya’s Willy Mnangat, Robert Keter, Ethiopia’s, He’s, patting, , , ” Xstep, It’s, Mark Dreyer, That’s, “ It’s, Jie, ” Dreyer Organizations: Hong Kong CNN, Asian Games, Beijing Municipal Sports Bureau, Chinese Athletics Association, CNN, Sporting, World Athletics Locations: Hong Kong, Beijing, Kenya, Weibo, China’s Ningxia
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. There is nothing markets hate more than uncertainty, which is why stocks struggled to hold onto their early gains. 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, Morgan Stanley, Goldman Sachs, Charles Schwab bode, Eli Lilly, It's, Jim Cramer's, Jim Organizations: CNBC, Dow Jones, Abbott Laboratories, Jim Cramer's Charitable Locations: East
Over the past decade or more, Spotify has been investing in AI and, in particular, in machine learning. Its recently launched AI DJ may be its biggest bet yet that technology will allow subscribers to better personalize listening sessions and discover new music. The AI DJ combines personalization technology, generative AI, and a dynamic AI voice, and listeners can tap the DJ button when they want to hear something new, and something less-directly-derived from their established likes. Behind the dulcet tones of an AI DJ there are people, tech experts and music experts, who aim to improve the recommendation capacity of Spotify's tools. A Spotify spokesperson said the generative AI tool allows the human experts to "scale their innate knowledge in ways never before possible."
Persons: Y, we've, they're, it's, Julie Knibbe, , Knibbe, they've, Ben Ratliff, Ratliff Organizations: Spotify, Discover, Technology
CNN —Scottie Scheffler clinched his second Masters title in style on Sunday, cementing the American’s status as the preeminent force in men’s golf. I love you,” Scheffler replied when asked by Augusta National chairman Fred Ridley if he had a message for his wife. The ball was still amongst the shrubbery when Scheffler rolled in for par on the same green shortly after, extending his lead to three. His first Masters triumph had ended in a shaky – albeit inconsequential – four-putt, but there were no such blips this time round. After a standing ovation on his walk to the 18th green, Scheffler signed off with a simple putt for par.
Persons: Scottie Scheffler, Sweden’s Ludvig Åberg, Scheffler, Meredith, “ I’m, I’ll, ” Scheffler, Fred Ridley, , can’t, , Brooks Koepka, Scheffler toasts, Warren Little, Woods, Åberg, , Jack Nicklaus, Seve Ballesteros, Tiger Woods, ” Woods, ” Åberg, Fuzzy Zoeller, Europe’s, Andrew Redington, Max Homa, Collin Morikawa, England’s Tommy Fleetwood, Rory McIlroy’s, Spain’s Jon Rahm, Ominously, Morikawa, Homa, Mike Segar, Rahm, Jamie Squire, Aberg, Ted Scott Organizations: CNN, Augusta National, Augusta, Golf, PGA Championship, RSM, Getty Locations: Butler, Augusta, Rome, Homa
Read previewLike most Yale students, I'm swamped. Despite the Ivy League's reputation as one big ivory tower, Yale students still love to throw a good party. Yale isn't a huge party school, but we still have partiesWhen choosing a school, the party scene wasn't very high on my priority list. This wasn't a medieval cloister; it was just what you'd expect from any college despite the Ivy League status. Related storyEven closer to campus is Toad's Place, a club that hosts Yale-only Wednesday night parties and is free on Saturdays with a Yale ID.
Persons: , I've, aren't, that's Organizations: Service, Yale, Business, Ivy League, Sigma Chi, Chi Psi, Saybrook College, Saybrook
CNN —The Transportation Security Administration reports that its officers intercepted 1,503 firearms in carry-on bags at security checkpoints in US airports during the first quarter of 2024. That number runs very close with TSA interceptions in the first quarter of 2023, in which 1,508 firearms were intercepted, the agency said in a news release. Overall, 2023 set a record for the number of firearms uncovered by officers at security checkpoints. More people plus roughly same number of firearms equals a lower rate. But there’s a shocking stat that has stayed the same – in both time periods, 93% of those intercepted firearms were loaded with ammo.
Persons: , David Pekoske, W6ZXxQT1QC, ” Pekoske, you’re Organizations: CNN, Transportation Security Administration, TSA
"I'm on a mountain bike ride right here in Boulder, [Colorado], and I'm eating an energy gel [packet]," Gold told CNBC in a recent interview. "And I was curious why you couldn't put peanut butter or almond butter in that same type of squeeze pack and have an on-the-go, plant-based protein experience like an energy bar." Gold had been selling nut butters at a popular farmer's market in Boulder for two years by that point. But at the time, consumers still gravitated toward a handful of traditional peanut butter brands. Almond butter wasn't particularly popular yet, much less the flavor combinations Justin's was selling, like maple almond or chocolate hazelnut.
Persons: Justin Gold, Gold, He'd, Almond, Justin's Organizations: CNBC, Foods, Hormel Foods, SEC Locations: Boulder, Colorado
This work diminished short-term revenue, but was best for customers, much appreciated, and should bode well for customers and AWS longer-term. We're also making progress on many of our newer business investments that have the potential to be important to customers and Amazon long-term. Being intentional about building primitives requires patience. Customers building their own FM must tackle several challenges in getting a model into production. Customers' AI models contain some of their most sensitive data.
Persons: Andy Jassy, Jassy, Jeff Bezos, he's, we've, Martha Stewart, Clinique, we're, We've, bode, We're, I've, iterating, We'd, we'd, Fox, affordably, you've, They're, Anthropic, that's, Claude, Dana, debugs, Slack Organizations: Amazon, Services, AWS, Deal, Prime, MGM, Savings, Regions, Citadel, Target, Storage Service, Netflix, Disney, Max, Paramount, CIA, . Intelligence, Amazon Freight, Carrier, Amazon Shipping, Foods, Drones, Amazon Pharmacy, Amazon Clinic, Robotics, Nvidia, Ricoh, NatWest, FMs, Meta, Bridgewater Associates, Farber Cancer Institute, Delta Air Lines, Intuit, KT, Lonely, LexisNexis, Netsmart, Pfizer, PGA, Rocket Companies, Siemens, Media, Inc Locations: North America, U.S, Europe, India, Brazil, Australia, Mexico, Middle East, Africa, Malaysia, New Zealand, Kingdom of Saudi Arabia, Thailand, Berlin, Hulu, Amdocs, Genomics England, GoDaddy, GenAI
The Denver-Boulder metro region in Colorado is among the winners in the migration shuffle. Led by Denver and Boulder, Colorado has built a thriving tech industry ecosystem attracting both startups and tech giants — Google, Amazon and Salesforce all now have a major presence in the area. CNBCOver the last five years, about $17 billion in VC funding has poured into the area, according to research firm CB Insights. While the Denver startup community has seen dramatic expansion, it hasn't made as much progress on diversifying its business community. However, even the top 10 cities for Black-owned business growth in the study fall far short of corresponding metro population metrics.
Persons: Niji Sabharwal, Sabharwal, Jared Polis, Dan Caruso, CNBC's Carl Quintanilla, Caruso, hasn't, Zaneta Kelsey, Donavan Bennett, Bennett Organizations: Rockies, CNBC, Denver, Google, Colorado Office, Economic Development, International Trade, Boulder, Zayo, Brookings Institute Locations: CNBC's, U.S, California, Denver, Boulder, Colorado, San Francisco, High City, It's, Boulder , Colorado, Black
Costco's monthly sales of its gold bars and silver coins could total $200 million, Wells Fargo estimated. The gold bars — which sell out very quickly — go for about 2% over the spot price. AdvertisementCostco could be selling up to $200 million worth of its one-ounce gold bars and 25-pack silver coins every month, according to estimates from Wells Fargo. The gold bars are limited to five per Costco membership, while the coins are limited to five cases. Kelly, however, noted that the sales of gold bars and silver coins would likely be bringing "minimal profit" for Costco.
Persons: Edward Kelly, , Costco's, Richard Galanti, Kelly, Costco doesn't Organizations: Costco, Service, UPS, CNBC, Costco Citi Locations: Wells, Wells Fargo
In today's big story, we're doing a deep dive into the golf tournament at one of the most exclusive clubs in the world . Mike Ehrmann/Getty ImagesHarvard University alumni, Goldman Sachs partners, Birkin bag owners — those exclusive groups are nothing compared to an Augusta National Golf Course membership. The Masters Tournament, the first of four men's major golf tournaments, kicks off today , write Business Insider's Madeline Berg and Taylor Rains. Since it's almost impossible to check out Augusta National otherwise, the Masters has become a staple of the billionaire's social calendar. Augusta National runs a lottery system for them.
Persons: , Mike Ehrmann, Goldman Sachs, Birkin, Madeline Berg, Taylor, it's, Cork Gaines, aren't, Joe Ciolli, didn't, Chelsea Jia Feng, Bill Smead, Brad Porter, Elon Musk's, Y, Paul Graham, Alyssa Powell, Larry Ellison, David Ellison, Larry Ellison's, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, George Glover Organizations: Business, Service, Getty Images Harvard University, Augusta, Waste, bros, Augusta National, Renaissance Technologies, Sigma, Robotics, Amazon Robotics, xAI, Paramount, Oracle, Google, JPMorgan, SpaceX Locations: Augusta, swag, Chelsea, D.E, Shaw's Valence, New York, London
The Masters Tournament begins this week at Augusta National Golf Club. That's thanks to the Masters Tournament, the first in an annual run of major professional golf championships and a favorite of the superrich. Former Secretary of State Condoleezza Rice became one of the first women to join Augusta National in 2012. But if you're not a member, you're not invited by a member, you're not getting on Augusta National." The names of Augusta National members are kept confidential, though their green jackets are a tell.
Persons: Warren Buffett, Bill Gates, , Dirk Ziff, Stanley Druckenmiller —, Barnabas Carrega, Carrega, State Condoleezza Rice, Timothy A, Clary, weren't, Darla Dee Moore, Richard Rainwater, Augusta National's, Billy Casper, Horton Smith, Jamie Squire, Phil Knight —, Robert Rowling, Herbert Allen Jr, David Duffield, Ernest Garcia, Greg Mondre, Garth Brooks, Luke Bryan, Rory McIlroy, Tiger Woods, that's Organizations: Augusta National Golf, Private, Service, Michelin, Golf, Bloomberg, State, Augusta National, Getty, Augusta, Augusta Regional Airport, Nike, reselling, Ticketmaster Locations: Augusta , Georgia, Augusta, Georgia, United States, Carvana
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. "Always looking to buy something on a down day," adds Jim Cramer. " 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, Stocks, Abbott, Stanley Black, Decker, Cramer, Johnson, Carolyn Boroden, Jim Cramer's, Jim, Michael M Organizations: CNBC, Treasury, Federal, Apple, Palo Alto Networks, Constellation Brands, Jim Cramer's Charitable, Traders, New York Stock Exchange, Santiago, Getty Locations: homebuilders, Boroden, Palo, New York City
AdvertisementIt'll be two decades before the next total solar eclipse hits the US. Another option: hop on a plane to Europe and turn the 2026 total solar eclipse into a viewing vacation. Advertisement"I would say the total solar eclipse has become a global phenomenon," Ballard said. Video Media Studio Europe/ShutterstockDetermine your eclipse viewing destinationAccording to Space.com, 2026 will be Europe's first total solar eclipse in 27 years. Other operators, such as Wilderness Travel and Eclipse Traveler, have similar itineraries for the total eclipse in 2026.
Persons: , Michael Zeiler, GreatAmericanEclipse.com, Space.com, Philip Ballard, Vox, Ballard, Taylor Organizations: Travelers, Service, Video Media, Northern, Eclipse Locations: Spain, Iceland, Greenland, Europe, Austin , Texas, Rochester , New York, Mallorca, Expedia
Read previewLike any other beauty trend, manicure styles come in and out of fashion. But in 2024, nail looks are getting much simpler as people gravitate toward "no-manicure" manicures. AdvertisementFor some, this means wearing no polish on well-buffed nails, while others are swapping their long acrylics for a shorter style nail with muted polish. 'No-manicure' manicures can save people time and moneyThe trend also coincides with high inflation rates and skyrocketing costs of living. AdvertisementIt's much easier to create the "no-manicure" manicure than to apply acrylics or gel extensions at home, which makes the trend even more appealing.
Persons: , Brooke DeVard, Edebiri, Elyse Jankowski, DeVard, Billie Eilish, Emma Stone, manicurists, Oscar, Rodin Eckenroth, it's Organizations: Service, Business, Getty
An earthquake and an eclipse weren’t the only natural rarities that happened in New York City this past week. Did you hear about the sasquatch in Central Park? That’s because the sasquatch was a costume and his stroll through the park was a publicity push for the new film from the brothers David and Nathan Zellner. Opening in New York on Friday, the movie spends a year in the wild with a sasquatch pack — a male and female (Nathan Zellner and Riley Keough) and two younger sasquatches (Jesse Eisenberg and Christophe Zajac-Denek) — as they eat, have sex, fight predators and reckon with death. Droll but big-hearted, the movie sits at the intersection of the ad campaign for Jack Link’s beef jerky, the 1987 comedy “Harry and the Hendersons” and a 1970s nature documentary, down to the hippie-vibe soundtrack.
Persons: David, Nathan Zellner, Riley Keough, sasquatches, Jesse Eisenberg, Christophe Zajac, Jack Link’s, Harry Locations: New York City, Central Park, New York
Going during monsoon season and not planning for the weather. Bangkok during the monsoon season. Marielle DescalsotaIn July, I traveled to Thailand on a reporting trip to cover the budding cannabis industry. I didn't plan for the weather, so I didn't have an umbrella or poncho with me and had to rush to get one at the last minute. This is a common occurrence in countries like Laos, Thailand, and the island of Borneo, which is shared between Brunei, Indonesia, and Malaysia.
Persons: Marielle Descalsota Locations: Bangkok, Thailand, Chakkrawat, Southeast Asia, Philippines, Laos, Borneo, Brunei, Indonesia, Malaysia
Seven years ago, Dawn Myers saw Lori Greiner invest in a woman-owned hair company on ABC's "Shark Tank." She felt inspired, and started her own hair company catering to curls and coils. Today, Myers is the founder and CEO of Washington D.C.-based The Most, a parent company for brands Richualist and The Most Curls. Myers, a lawyer by training, said her lack of beauty, tech and engineering experience made it hard to attract investors. She ultimately raised $1.1 million in venture capital while undergoing surgeries and chemotherapy treatments, a Richualist spokesperson tells CNBC Make It.
Persons: Dawn Myers, Lori Greiner, Myers Organizations: Washington D.C, The, CNBC
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