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☆ Why oil prices haven't skyrocketed on Middle East supply fears — yet
▼ + stars: | 2024-10-04 | by ( Sam Meredith | In Samuelmeredith | ) www.cnbc.com time to read: +6 min

Iran, which is a member of OPEC, is a major player in the global oil market. It's estimated that as much as 4% of global supply could be at risk if Israel targets Iran's oil facilities. For some analysts, the reason crude prices have yet to move even higher is because the oil market is short. watch nowTamas Varga, an analyst at oil broker PVM, told CNBC via email on Thursday that the oil market was pricing in some risk premium given the geopolitical concerns. These fears, however, will be greatly alleviated in [the] coming days unless oil supply from the region or traffic through the Strait of Hormuz are materially impacted," he added.

Persons: Fatemeh, Goldman Sachs, SEB, Jeff Currie, Carlyle, CNBC's, it's, Currie, we've, Amrita Sen, We've, Sen, Joe Biden, Biden, Tamas Varga, " Varga, Benjamin Netanyahu, Masoud Pezeshkian Organizations: Anadolu, Getty, Energy, OPEC, Brent, U.S, West Texas, CNBC, White House, Islamic Revolutionary Guard Corps, Persian, Nurphoto Locations: Isfahan Refinery, Iran, Isfahan, Israel, Swedish, backwardation, bearishness, U.S, Hormuz, Oman, Tehran, Qatar, Persian, Bushehr, Bushehr province

☆ Celebrities who partied with Diddy may want to contact their lawyers
▼ + stars: | 2024-10-04 | by ( Natalie Musumeci | ) www.businessinsider.com time to read: +9 min

Celebrities who partied with Combs may want to consult their lawyers, entertainment attorneys told BI. AdvertisementCelebrities who attended Sean "Diddy" Combs' parties should consider lawyering up, even if they attended one of his more high-profile soirees. "He's had many legitimate parties over the years and, chances are, most celebrities and guests were not aware of his sex parties." AdvertisementThe "Freak Offs," prosecutors say, occurred regularly, often in hotel rooms, and sometimes lasted multiple days. "Sean Combs' white parties and other events were iconic, a true convergence of hip-hop, Hollywood, and Black excellence.

Persons: Sean, Diddy, Combs, —, Wayne Dennison, Brown Rudnick, Johnny Depp, Amber Heard, Dennison, Neama Rahmani, they're, Rahmani, Stuart Morton, Camron, Mills Sadat Dowlat, Tre Lovell, Lovell, He's, Marc Agnifilo, Jane Rosenberg, Sean Combs, Johnny Nunez, WireImage, Adria, Jonathan Davis Organizations: Service, Hamptons, West, Trial, Getty, Los, Lovell, Reuters, White Party Locations: Beverly Hills, St, Manhattan, Brooklyn, Los Angeles, Miami

☆ LA inches closer to launching a basic income program for domestic abuse survivors
▼ + stars: | 2024-10-04 | by ( Katie Balevic | ) www.businessinsider.com time to read: +3 min

LA advanced a proposal for a new basic income program targeting domestic abuse survivors. It's inspired by the results of the city's BIG:LEAP program, a large-scale basic income pilot. BIG:LEAP found that monthly cash stipends helped abuse survivors leave their partners. AdvertisementLos Angeles is making strides toward a guaranteed basic income program that would target domestic abuse survivors. "Oftentimes, simple solutions are the most effective, and studies have proven that Guaranteed Basic Income works.

Persons: It's, —, Councilmember Hugo Soto, Martínez, Councilmember Curren, Marqueece Harris, Dawson, CIFD, We've, Harris Organizations: LA, Service, Los Angeles City, Soto, National Network, Investment, Families Department, City Council Locations: Los Angeles, Councilmember Curren Price, LA

☆ Cramer breaks down the key consumer stocks to watch as earnings season kicks off next week
▼ + stars: | 2024-10-04 | by ( Jim Cramer | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCramer breaks down the key consumer stocks to watch as earnings season kicks off next week'Mad Money' host Jim Cramer looks at the state of the economy following the jobs report and which consumer stocks investors should watch ahead of earnings season.

Persons: Cramer, Jim Cramer

☆ Constellation Brands CEO downplays worries about higher tariffs if Trump wins
▼ + stars: | 2024-10-04 | by ( Julie Coleman | ) www.cnbc.com time to read: +2 min

In a Friday interview with CNBC's Jim Cramer, Constellation Brands CEO Bill Newlands brushed off concerns about the possibility of higher tariffs, which former President Donald Trump has pledged to implement if elected. Constellation Brands is known for a variety of popular beer brands imported from Mexico, including Modelo, Corona and Pacifico. Constellation Brands reported a mixed quarter Thursday, posting an earnings beat but a slight revenue miss. The company saw success with its beer brands, but the wine and spirits segment continued to weigh on business. Newlands said Constellation Brands is in the middle of improving wine and spirits and is beginning to see some results.

Persons: CNBC's Jim Cramer, Bill Newlands, Donald Trump, Trump, Newlands, Claudia Sheinbaum, Kim Crawford, We've Organizations: Constellation Brands, Modelo Locations: United States, Mexico, Corona, Pacifico, Veracruz

☆ Travelers say these are the 10 best large airports in North America for on-time flights, restaurants, cleanliness and more
▼ + stars: | 2024-10-04 | by ( Celia Fernandez | ) www.cnbc.com time to read: +4 min

Power released its annual North American Airport Satisfaction Study, ranking the large airports across North America. The best large airport: John Wayne Airport, Orange CountyThe John Wayne Airport in Orange County, California, is the best large airport this year after coming in the No. The John Wayne Airport, Orange County, currently serves about 11.7 million annual passengers, according to its website. 10 best large airports in North America for 2024John Wayne Airport, Orange County Tampa International Airport Kansas City International Airport Dallas Love Field Nashville International Airport William P. Hobby Airport Sacramento International Airport Portland International Airport Salt Lake City International Airport San Jose International Airport After taking the No. Taylor says the Tampa International Airport has ranked highly over the years because of its great design, signage, and sense of identity.

Persons: John Wayne, Michael Taylor, Sr, Taylor, William Organizations: North, John, John Wayne Airport, CNBC, LAX, Orange County Medianews, Getty, Orange County Tampa International Airport Kansas, International Airport Dallas Love Field, International, William P, Hobby Airport, International Airport Portland International, Salt Lake, International Airport San Jose International, Tampa International, Tampa International Airport Bloomberg, Bloomberg Locations: North America, Orange County, Orange County , California, ., Southern California, California, Newport Beach, Los Angeles, Orange, Salt, Tampa, Tampa Bay

☆ These are the most important stocks in the U.S., according to Bank of America
▼ + stars: | 2024-10-04 | by ( Pia Singh | In | ) www.cnbc.com time to read: +3 min

There are several key stocks in the U.S. investors need to be mindful of when navigating the current market environment, according to Bank of America. To capture the momentum from this rally, Bank of America screened for the most important stocks in each region of the world — including the U.S. — that have the potential to have the largest impact on portfolio performance, positive or negative. Bank of America found these stocks to be among the most important in the U.S.: Chipmaker Nvidia and oil and gas giant Exxon Mobil ranked fairly high on the firm's steady compounders list within the screen. Meta's shares are up nearly 64% year to date. Other stocks considered the most important names in the U.S. include rideshare company Uber and pharma name Eli Lilly .

Persons: Nigel Tupper, Vivek Arya's, Metaverse, Justin Post, Eli Lilly Organizations: Bank of America, Investment, U.S, Nvidia, Exxon Mobil, Exxon, Meta, Bank of America's, Uber Locations: U.S, Lebanon, Thursday's

☆ I wrote a manual on how to work with me and distributed it to every coworker I had at Google. Doing that was one of the best decisions I made there.
▼ + stars: | 2024-10-04 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +6 min

I first got the idea of making a "Working With" manual from an old supervisor I worked for when I joined Google. Having a "Working With" manual is helpful for both individual contributors and managersHaving a "Working With" manual is helpful even as an individual contributor. Jerry LeeWhen I first shared my "Working With" manual with my Google coworkers, I received two types of feedback. AdvertisementAdditionally, creating a manual will help you even if you don't share it externally. AdvertisementPeople can always ask me follow-up questions if there's anything they don't understand.

Persons: Jerry Lee, Lee, —, didn't, haven't Organizations: Google, Babson College, Service

☆ U.S. economic comeback has been one of the most remarkable in modern history, says NUL's Marc Morial
▼ + stars: | 2024-10-04 | 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 EmailU.S. economic comeback has been one of the most remarkable in modern history, says NUL's Marc MorialMarc Morial, National Urban League president and CEO, joins 'Money Movers' to discuss the Federal Reserve's decision to cut interest rates by 50 basis points, what you can attribute the economy's strength to, and much more.

Persons: NUL's Marc Morial Marc Morial Organizations: National Urban League

☆ How to trade the jump in oil and energy stocks using options
▼ + stars: | 2024-10-04 | by ( Jeff Kilburg | ) www.cnbc.com time to read: +2 min

Crude oil is nearly $10 higher since October officially kicked off. I want to use the 2024 lagging Energy Select Sector SPDR ETF (XLE) as way to express my short-term bullish view on the price of oil. XLE YTD mountain Energy Select Sector SPDR, YTD Oil markets are measuring the possibility of an imminent air strike by Israel on Iran's crude and energy facilities. However, I believe that would not be the main driver to push crude higher short-term, in would be the fearful reaction of this war spreading outside the Middle East region. BEFORE MAKING ANY FINANCIAL DECISIONS, YOU SHOULD STRONGLY CONSIDER SEEKING ADVICE FROM YOUR OWN FINANCIAL OR INVESTMENT ADVISOR.

Organizations: Traders, CNBC, NBC UNIVERSAL Locations: Israel, East, XLE

☆ Tiger Woods' logo dispute with Tigeraire escalates with federal court filing
▼ + stars: | 2024-10-04 | by ( Jessica Golden | ) www.cnbc.com time to read: +1 min

USA's Tiger Woods lines up a putt on the 2nd during day two of The Open at Royal Troon, South Ayrshire, Scotland. A logo dispute between Tiger Woods' apparel company Sun Day Red and Tigeraire, a company that makes cooling products for athletes, is now in the hands of the federal court system. Last week, Tigeraire filed a notice of opposition with the U.S. Patent and Trademark Office against Sun Day Red's Tiger logo, saying the golf legend's company "unlawfully hijacked" Tigeraire's design into its own branding. In a subsequent court filing, Woods' legal team sued Tigeraire, accusing the company of trying to capitalize off Sun Day Red's status as a bigger brand. Sun Day Red has filed a motion to dismiss the patent claim.

Persons: Tiger Woods, Tigeraire, Woods Organizations: Royal, Sun, U.S . Patent Locations: Royal Troon, South Ayrshire, Scotland

☆ Why one firm is skeptical about the blockbuster September jobs report — and is still expecting another jumbo rate cut
▼ + stars: | 2024-10-04 | by ( Filip De Mott | ) www.businessinsider.com time to read: +4 min

The Fed will still deliver jumbo rate cuts to stabilize the weakening job market, the firm predicted. AdvertisementThough most on Wall Street are cheering September's blowout labor report, not everyone is so sure the labor market is booming. Advertisement"The extremely low response rate to the payroll survey waves a red flag," the firm wrote on Friday. The firm scrutinized last month's payroll strength against the fact that other labor market indicators have shown a pullback in hiring. Meanwhile, this week's JOLTS data prompted Deutsche Bank to question how tight the labor market really is.

Persons: —, Larry Summers Organizations: Macroeconomics, Service, Deutsche Bank, of Labor Statistics, Conference, Federal, Bank of America Locations: joblessness, tanked

☆ Visa launches tokenization platform for banks
▼ + stars: | 2024-10-04 | by ( Mackenzie Sigalos | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailVisa launches tokenization platform for banksVisa just announced its new tokenization platform for banks called the Visa Tokenized Asset Platform, or VTAP. The goal of the new service is to let more than 15,000 banks use blockchain technology for things like tokenized deposits. CNBC's MacKenzie Sigalos speaks to the payment giant's head of crypto, Cuy Sheffield, about the new product and where Visa's crypto strategy is headed.

Persons: CNBC's MacKenzie Sigalos Organizations: Visa Locations: Sheffield

☆ Near-term net sentiment for emerging markets ‘still pretty robust,’ HSBC’s Ulgen says
▼ + stars: | 2024-10-04 | 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 EmailNear-term net sentiment for emerging markets ‘still pretty robust,’ HSBC’s Ulgen saysMurat Ulgen, global head of EM research at HSBC, discusses the findings of the bank’s quarterly emerging markets survey.

Persons: HSBC’s Ulgen, Murat Ulgen Organizations: HSBC

☆ Stocks making the biggest moves premarket: Spirit Airlines, Summit Therapeutics, Rivian and more
▼ + stars: | 2024-10-04 | by ( Sean Conlon | ) www.cnbc.com time to read: +2 min

Spirit Airlines , JetBlue – Spirit plunged more than 38% following a report from The Wall Street Journal that the discount airliner is considering filing for bankruptcy. Shares of peer airline firm JetBlue, which was previously in talks to merge with Spirit, advanced nearly 6%. Zim Integrated Shipping Services – The international shipping company's stock fell more than 9% after U.S. dockworkers and the United States Maritime Alliance agreed to a tentative deal to end the strike on the East Coast and Gulf Coast ports. CVS Health – The company's shares added 1.5% as it is considering breaking itself up and undergoing a strategic review of its business. Chubb – The insurance company slipped more than 1% after Bank of America downgraded shares to underperform from neutral.

Persons: Hapag, Lloyd, Rivian, Chubb, SilverCrest, —, Jesse Pound, Brian Evans, Hakyung Kim, Pia Singh, Michelle Fox Theobald Organizations: Spirit Airlines, JetBlue, Wall Street Journal, Food and Drug Administration, Zim Integrated Shipping Services, U.S, dockworkers, United States Maritime Alliance, CVS Health, CVS, Bank of America, SilverCrest Metals, Coeur Locations: East Coast, Gulf Coast

☆ With misinformation swirling in Hurricane Helene’s wake, officials urge residents to ‘stop this conspiracy theory junk’
▼ + stars: | 2024-10-04 | by ( Michael Williams | ) edition.cnn.com time to read: +8 min

Presenting no evidence, Trump claimed earlier this week that the Biden administration, along with North Carolina’s Democratic Gov. Those rumors prompted many state and local officials – including other Republicans – to push back. North Carolina Lt. Gov. The few that aren’t are owned by states other than North Carolina.” That statement is directly contradicted by an earlier tweet from the North Carolina National Guard, which reported it had conducted 57 air missions and rescued more than 400 people. “I think what makes it particularly frustrating is clearly, in these times, social media could be an invaluable source of reliable information.”

Persons: Hurricane Helene, ”, David Harker, Harker, Donald Trump, Elon Musk, Helene, Trump, Biden, Roy Cooper, Musk, ” Trump, –, Sen, Kevin Corbin, “, ” Corbin, Cooper, that’s, Deanne Criswell, Bill Lee, ” Lee, Mark Robinson, Robinson, Todd Hunt, Ron DeSantis, Ardis Watkins, Marjorie Taylor Greene, Greene, it’s, ” Harker Organizations: CNN — Local, Humanities, East Tennessee State University, North Carolina’s Democratic Gov, Federal Emergency Management Agency, FEMA, Facebook, Tennessee Emergency Management Agency, National Guard, Tennessee Gov, Republican, Gov, North Carolina National Guard, “, Soldiers, Florida Gov, State Employees Association of North, Local, CNN, East Tennessee State Locations: United States, North Carolina, Tennessee, “ Florida, State Employees Association of North Carolina, North Georgia

☆ A girl murdered in 2006 was just revived as an AI chatbot — and her family had no idea
▼ + stars: | 2024-10-04 | by ( Matthew Loh | ) www.businessinsider.com time to read: +9 min

Jennifer Ann Crecente, a high school girl murdered in 2006, recently reappeared as a chatbot on Character.ai. It had been 18 years since Jennifer Ann, a high school senior and Crecente's only child, was murdered by her ex-boyfriend in Austin. Grieving, Crecente had started a nonprofit in her name, working since 2006 to raise awareness for teenage dating violence. Drew CrecenteThe website also listed Jennifer Ann as an "expert in journalism" with expertise in video game news. "This is not quite impersonation in the sense that it seems transparent that it is an AI model," Conitzer said of the chatbot mimicking Jennifer Ann.

Persons: Jennifer Ann Crecente, —, Drew Crecente, Jennifer Ann, Crecente, she'd, I've, he'd, Jennifer Ann's, Brian, Brian Crecente, Character.ai, y3gvAYyHVY, Jennifer Ann chatbot, he's, they're, Cassie Lawrence, Vincent Conitzer, Conitzer, Sue Morris, Dana, they've, Morris, Noam Shazeer, Daniel De Freitas, Shazeer, De Freitas, Winni Wintermeyer, Elon Musk, Nicki Minaj, Ryan Gosling, Andreessen Horowitz, Dominic Perella Organizations: Service, Google, BI, Safety, Institute for, Oxford University, Farber Cancer Institute, Washington, Financial Times, Business Locations: Character.ai, Austin, San Francisco, Character.AI, Boston

☆ I never knew about eye floaters until I woke up with lines and dots in my eyesight. Here's what I learned about my new condition.
▼ + stars: | 2024-10-04 | by ( Molly Millar | ) www.businessinsider.com time to read: +4 min

download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . I've since found I have a condition known as eye floaters, one I share with as much as 76% of the population — and not just for people over 50, as they're generally associated with. Once you've got a few clumps and strands inside the eye, you start to see those as floaters." Brenna Terry, 30, has had "cobwebby" eye floaters her whole life, which she hasn't raised with her optometrist. AdvertisementFor some, the condition can interfere with their daily tasksFor some people, the condition can be far more distressing.

Persons: —, Ceri Smith, Jaynes, you've, I'd, Brenna Terry, I've, Jared Casto, you'll, Terry, Casto Organizations: Service, Association of Optometrists

☆ US Supreme Court to decide if Mexico may sue gunmakers for border violence
▼ + stars: | 2024-10-04 | by ( Tierney Sneed | John Fritze | ) edition.cnn.com time to read: +7 min

CNN —The US Supreme Court will decide whether a federal law prevents Mexico from suing gun distributors for allegedly facilitating the flow of firearms to drug cartels. The court had already agreed to hear cases on President Joe Biden’s regulation of “ghost guns” and vaping. Mexico says gunmakers are recklessIn its lawsuit, Mexico alleged the manufacturers and distributors were aiding and abetting the purchase of their firearms by dealers known to supply drug cartels. At the heart of the dispute before the Supreme Court is the 2005 federal law passed by a GOP-led Congress. Lawyers for Mexico, which asked the court not to disturb the 1st Circuit’s ruling, defended the ruling’s rationale and argued that it was premature for the Supreme Court to take up the case.

Persons: Joe Biden’s, Donald Trump, gunmakers, Marlean Ames, Ames, ”, Biden, Ruben Gutierrez, Escolastica Harrison, Marcellus Williams, Felicia Gayle, Williams, CNN’s Devan Cole Organizations: CNN, Smith & Wesson, Arms, GOP, Circuit, Twitter, ISIS, Lawyers, Department of Youth Services, Appeals, Nuclear Regulatory, Nuclear Regulatory Commission, Storage Partners Locations: Mexico, Mexico’s, Cincinnati, Ohio, Texas, Oklahoma

☆ China stimulus impact is positive for regional funds in Europe and China, says strategist
▼ + stars: | 2024-10-04 | 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 EmailChina stimulus impact is positive for regional funds in Europe and China, says strategistKhalil El Adi, equity and derivatives strategist for Europe at BNP Paribas Markets 360, discusses the impact of China's stimulus on European funds.

Persons: Khalil El Adi Organizations: BNP Locations: Europe, China

☆ India market to underperform near term, quality growth in the long run
▼ + stars: | 2024-10-04 | 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 EmailMacquarie Capital: India market to underperform near term, but quality growth in the long runAditya Suresh of Macquarie Capital breaks down the Indian Market outlook and compares growth with China markets.

Persons: Aditya Suresh Organizations: Macquarie, Macquarie Capital Locations: India, China

☆ Market Navigator: How to find opportunity in global markets
▼ + stars: | 2024-10-04 | 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 EmailMarket Navigator: How to find opportunity in global marketsBrian Stutland of Equity Armor Investments joins CNBC's 'Power Lunch' to discuss where to find opportunities in China and beyond.

Persons: Stutland Organizations: Equity, Investments Locations: China

☆ Friday, October 4, 2024: Cramer says this financial stock is one to be in
▼ + stars: | 2024-10-04 | by ( ) www.cnbc.com time to read: 1 min

Friday, October 4, 2024: Cramer says this financial stock is one to be inJim breaks down his outlook for bank stocks ahead of earnings. He also breaks down the variables impacting this consumer discretionary stock. Finally, he discusses the stock moves for this semiconductor stock.

Persons: Cramer

☆ Activist firm Mantle Ridge has $1 billion-plus stake in Air Products
▼ + stars: | 2024-10-04 | by ( Rohan Goswami | In Rohangoswamicnbc | ) www.cnbc.com time to read: +2 min

Activist investor Mantle Ridge has a $1 billion-plus stake in industrial gas supplier Air Products and Chemicals , according to a person familiar with the matter. The activist investor also wants to push the company on succession planning for Seifi Ghasemi, Air Products' 80-year-old CEO, the person said. Air Products is badly underperforming the S&P 500 for a second straight year. Air Products has a market cap of about $63 billion as of Friday's close. Air Products supplies chemicals and gases primarily to industrial customers, but has in recent years diversified into other businesses.

Persons: Seifi Ghasemi, Mantle, Paul Hilal, Seifi, Samir Serhan, Ghasemi, Warren Buffett, Berkshire Hathaway, Ken Squire Organizations: Air Products, Oiltanking, Chemicals, Products, Berkshire, CSX

☆ Pete Alonso’s dramatic ninth-inning home run sees New York Mets down Milwaukee Brewers and advance to NLDS
▼ + stars: | 2024-10-04 | by ( Homero De La Fuente | ) edition.cnn.com time to read: +3 min

CNN —Pete Alonso hammered a historic, go-ahead, three-run home run in the ninth inning to power the New York Mets to a 4-2 victory over the Milwaukee Brewers in their winner-take-all Game 3 of the NL Wild Card Series. With free agency looming, it could have been the final act of his Mets career – but the possible last dance continues. Benny Sieu/USA Today Sports/ReutersAfter the Mets came from behind to win 8-4 in Game 1, the Brewers leveled the series with a 5-3 victory Wednesday. The stunning victory over the Brewers marks the first time that the team has advanced in the postseason since 2015. “There was no way this season was going to end without something happening in that ninth inning,” he added.

Persons: Pete Alonso, “ I’m, ” Alonso, “, Devin Williams, –, Alonso, I’m, that’s, you’ve, Benny Sieu, Jake Bauers, Sal Frelick, Williams, ”, Francisco Lindor, David Stearns, it’s Organizations: CNN, New York Mets, Milwaukee Brewers, NL, Mets, NL East, Philadelphia Phillies, National League Divisional, “, ” Mets, USA, Sports, Reuters, Brewers, Milwaukee, Atlanta Braves Locations: Milwaukee, York

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