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☆ Economy's still very solid if you look at a broad range of indicators, says Goldman's Jan Hatzius
▼ + 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 EmailEconomy's still very solid if you look at a broad range of indicators, says Goldman's Jan HatziusJan Hatzius, Goldman Sachs chief economist, joins 'Squawk on the Street' to discuss Hatzius' thoughts on Friday's jobs report, the economic revisions, and if extreme weather will impact future economic data.

Persons: Goldman's Jan Hatzius Jan Hatzius, Goldman Sachs

☆ 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

☆ I'm a computer science professor at UC Berkeley. Tech jobs are drying up and graduates are no longer guaranteed a role.
▼ + stars: | 2024-10-04 | by ( Beatrice Nolan | ) www.businessinsider.com time to read: +5 min

James O'Brien is a UC Berkeley professor who says tech graduates struggle to secure top jobs. O'Brien says we need to embrace universal basic income as AI shrinks the job market. AdvertisementThis as-told-to essay is based on a transcribed conversation with James O'Brien, a professor at the University of California, Berkeley. There's still demand for people, and some people are getting jobs, but not across the entire industry. AdvertisementThere are also people coming from other schools that don't have quite the strong reputation that Berkeley does, and they're not getting job offers at all.

Persons: James O'Brien, O'Brien, —, I've, It's, it's, they're, that's Organizations: UC Berkeley, Service, University of California Locations: Berkeley

☆ Antarctica is turning green at an alarming rate, satellite images show
▼ + stars: | 2024-10-04 | by ( Laura Paddison | ) edition.cnn.com time to read: +4 min

CNN —Parts of icy Antarctica are turning green with plant life at an alarming rate as the region is gripped by extreme heat events, according to new research, sparking concerns about the changing landscape on this vast continent. Vegetation covered less than 0.4 square miles of the Antarctic Peninsula in 1986 but had reached almost 5 square miles by 2021, the study found. The rate at which the region has been greening over nearly four decades has also been speeding up, accelerating by more than 30% between 2016 and 2021. Vegetation growing on Green Island on the Antarctic Peninsula, which is warming much faster than the global average. Matt AmesburyA part of Barrientos Island that has given way to plant life.

Persons: Matt Amesbury, Dan Charman, Thomas Roland, ” Roland, ”, Charman, Olly Bartlett, Matthew Davey, Davey, Mary Gilbert Organizations: CNN, British Antarctic Survey, Nature, University of Exeter, University of Hertfordshire, Scottish Association for Marine Science Locations: South America, Exeter, Hertfordshire, England, Barrientos, Antarctica

☆ Jamie Dimon: No, I haven't endorsed Donald Trump
▼ + stars: | 2024-10-04 | by ( Grace Eliza Goodwin | ) www.businessinsider.com time to read: +4 min

Jamie Dimon denied Donald Trump's claim that the JPMorgan Chase CEO had endorsed him. AdvertisementJamie Dimon hasn't endorsed Donald Trump — despite what the former president wrote on social media. The Republican presidential nominee posted a photo on Truth Social on Friday of Dimon with a caption above reading, "New: Jamie Dimon, the CEO of JPMorgan Chase, has endorsed Trump for President," beside a red siren emoji. But a spokesperson for JPMorgan Chase told Business Insider, "Jamie Dimon has not endorsed a candidate." Advertisement"I have a lot of respect for Jamie Dimon," Trump told the outlet, adding that, "He is somebody that I would consider, sure," when Bloomberg suggested the possibility of offering Dimon the role of Treasury Secretary.

Persons: Jamie Dimon, Donald Trump's, Trump, Dimon, Elon, —, Jamie Dimon hasn't, Donald Trump —, JPMorgan Chase, Tesla, Elon Musk, Mark Cuban, Kamala Harris, — Dimon, he'd, Nikki Haley, Trump's, CNBC's Organizations: JPMorgan Chase, Service, Republican, JPMorgan, Business, SpaceX, Trump, Democratic, Bloomberg Businessweek, Bloomberg, NATO, CNBC, TV18, White Locations: China

☆ 3-Stock lunch: Rivian, JPMorgan, & Fedex
▼ + 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 Email3-Stock lunch: Rivian, JPMorgan, & FedexDoug Butler, Rockland Trust, senior vice president and director of research, joins CNBC's 'Power Lunch' to discuss three stocks: Rivian, JPMorgan Chase, and Fedex.

Persons: Fedex Doug Butler, JPMorgan Chase Organizations: JPMorgan, Fedex, Rockland Trust Locations: Rockland

☆ There's a catch in OpenAI's $6.6 billion funding deal that no one is talking about
▼ + stars: | 2024-10-04 | by ( Natalie Musumeci | Alex Bitter | ) www.businessinsider.com time to read: +6 min

There's an important stipulation on OpenAI's historic $6.6 billion funding round. AdvertisementOpenAI's historically large $6.6 billion funding round is bringing in checks from some of the biggest technology and venture capital investors. If the ChatGPT-maker doesn't complete its transition to a for-profit company within two years, investors in the latest round could ask for their money back, multiple outlets have said. But "if there's disagreement within the entity, then it's much harder for the regulators to approve it," he said. AdvertisementStill, the legal experts said that though OpenAI's transition to a for-profit company is a complicated one, it's doable.

Persons: —, there's, doesn't, OpenAI, Jill Horwitz, Horwitz, Alexander Reid, Reid, doable, Elon Musk, Sam Altman, Greg Brockman, Musk, Altman Organizations: Service, University of California, Los Angeles School of Law, Internal, SEC, IRS, Employees Locations: OpenAI, Delaware, California

☆ Anand Rathi Wealth: Plenty of Indian household money sitting on the sidelines
▼ + 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 EmailAnand Rathi Wealth: Plenty of Indian household money sitting on the sidelinesFeroze Azeez from Anand Rathi Wealth, discusses the issues barring the financial deployment of household savings in India, as well as some of the long-term challenges that Indian banks could face.

Organizations: Anand, Anand Rathi Locations: Anand, India

☆ Chappell Roan has frustrated fans by canceling shows. PR experts say she made the right call.
▼ + stars: | 2024-10-04 | by ( Callie Ahlgrim | ) www.businessinsider.com time to read: +17 min

Chappell Roan has endured backlash on social media for sharing her political opinions and canceling shows. That quote was subsequently clipped and shared widely on social media, where uproar promptly ensued. Even if canceling shows could drive away fans, it's worth the riskFans at a Chappell Roan concert in October 2023. Maybe Roan should pull back from social media — but that's ultimately her callChappell Roan points at a photographer on the VMAs red carpet. Swift turned off Instagram comments years ago, Gomez has said she deleted the app from her phone, and others have quit posting on social media altogether.

Persons: Chappell Roan, —, Roan, she's, who's, Taylor Swift's, TikTok, Donald Trump, Gen Zers, Kamala Harris, mispronouncing Harris, they're, chappell, ake, ould, ong, ike J ustin, elena G omez,, ike, B, R., hore, orth, veryone's, IKE —, hite Organizations: Service, Poets Department, Guardian, Democratic, ust Locations: Roan, rive, ashington, uman

☆ Japan has made the world’s smallest Rubik’s Cube. And it actually works
▼ + stars: | 2024-10-04 | by ( Chris Lau | Nodoka Katsura | ) edition.cnn.com time to read: +2 min

Tokyo CNN —Japanese toymaker MegaHouse has unveiled a miniature Rubik’s Cube — one so tiny that you might need a pair of tweezers to solve it. Each face of the cube, which is made from aluminum, measures about five millimeters (around 0.2 inches) across. “The 5-milimeter Rubik’s Cube is the result of the trinity of machines, cutting tools, and players’ passion,” said Kiyokazu Saito, president of Iriso Precision, the company brought in for the precision cutting, in a promotional video on the toymaker’s website. Guinness World Record confirmed the micro-cube as the world’s smallest rotating puzzle cube in August. The miniature cube in comparison to a standard one.

Persons: MegaHouse, “, ”, Kiyokazu Saito, Tony Fisher, Ernő Rubik, Max Park, Wang Yiheng, Luke Garrett, Aaron Huynh, China’s Du Yusheng Organizations: Tokyo CNN, Iriso, CNN, Guinness Locations: British, Long Beach , California, China

☆ I'm on day 14 without social media—here’s what I miss the most
▼ + stars: | 2024-10-04 | by ( Renée Onque | ) www.cnbc.com time to read: +4 min

But there are some things about social media that I miss. My experience without social media has been much the same. But now that I'm away from social media, I've found myself learning about current events much later than everybody else. Daily interactions with my social media friendsMost of us have acquaintances that we connect with on social media and not anywhere else. I still plan to stay off of social media for another week, and I'm not counting down the days.

Persons: Liu, Weiting Liu, I've, I'd, Get Organizations: CNBC

☆ China wants Taiwan to make mistakes and is looking for excuses to trigger a blockade, Taiwan's navy commander says
▼ + stars: | 2024-10-04 | by ( Thibault Spirlet | ) www.businessinsider.com time to read: +4 min

China has ramped up its military presence around Taiwan, the country's navy commander said. Adm. Tang Hua told The Economist that China wants it to make a mistake so it can justify a blockade. AdvertisementChina is trying to force Taiwan into making mistakes and is looking for excuses to trigger a blockade, according to Taiwan's navy commander. Adm. Tang Hua told The Economist that China is "slowly, but surely" ramping up its military presence around Taiwan and is ready to blockade Taiwan "at any time they want." "The PLA is trying to force Taiwan to make mistakes," he said, using the acronym for China's People's Liberation Army.

Persons: . Tang Hua, —, Adm . Tang Hua, Tang, Phil Davidson, Wellington Koo, Xi Jinping Organizations: Economist, China, Service, PLA, People's Liberation Army, American Enterprise Institute, Institute for, Institute for Economics, Peace, Lieber Institute for Law, Warfare, Financial Times Locations: China, Taiwan, Point, People's Republic of China

☆ Labor market is certainly slowing, 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 EmailLabor market is certainly slowing, says strategistNeal Wilson, Co-CEO of EJF Capital, says the labor market is "certainly slowing, but it's not slow" as the directional trend gets weaker.

Persons: Neal Wilson Organizations: Labor, EJF

☆ My husband is the primary breadwinner, and I stay home with the kids — but our marriage is not 'traditional.'
▼ + stars: | 2024-10-04 | by ( Amber Adrian | ) www.businessinsider.com time to read: +5 min

From the outside, our family looks like a traditional one, but it's actually a little more nuanced than that. AdvertisementOur family life looks traditional in many ways, but in other ways, it isn'tOur life does align with the "provider/protector" and "nurturer/homemaker" gender roles in some ways and seems traditional on the surface. I am the primary caretaker for our kids and work to take care of and run the details of our household. For some years in our marriage, my husband didn't understand — and therefore didn't appreciate — all I contributed. Another widespread idea in partnerships with traditional gender roles is that the man is in charge or the "head of the household."

Persons: Amber Adrian, —, it's, I'd, we've, I'm, Adrian, Amber Adrian Another Organizations: Service

Self-cleaning featureThe Braun Series 7 has a charging base that doubles as a cleaning stand. The biggest improvement in the design is the new 360° Flex Head shaver, which contours to the curves of your face and neck. You can read my full review of the Braun Series 9 here. Whether you like a completely clean shave or neatly trimmed facial hair, you can achieve your desired style with it. I recommend the Braun Series 7 (7071cc) to anyone looking to buy their first electric shaver or to upgrade from an older shaver, even if it's the previous Series 7 model.

Persons: shaver, you'll, You'll, trimmer, Braun, Amir Ismael, barbershops Organizations: Business, Braun, AutoSense Technology, shaver

☆ Bitcoin is flipping in and out of 'bear' mode but could still reach $100,000 this year
▼ + stars: | 2024-10-04 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +3 min

Bitcoin investors are grappling with a demand dearth that has pushed the cryptocurrency into bear market territory at times. (In the first quarter, bitcoin ETFs bought about 9,000 BTC daily on average, following their January launch.) In the fourth quarters of 2012, 2016, and 2020 — the previous Bitcoin halving years — bitcoin prices rose by 9%, 59%, and 171%, respectively. The most recent halving — the supply cutting event that takes place every four years — happened this April. BTC.CM= YTD mountain Bitcoin (BTC) year-to-date Bitcoin is set up well for the final quarter , but it's still working through a supply overhang from the U.S. and German governments as well as Mt.

Persons: It's, John Todaro, Needham, uptrend, it's, Wolfe, Rob Ginsberg, Owen Lau, Oppenheimer Organizations: CNBC, BTC, Federal Reserve, U.S Locations: China, U.S

☆ 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

☆ France’s three-decade treasure hunt for golden owl has finally ended
▼ + stars: | 2024-10-04 | by ( Story Associated Press | ) edition.cnn.com time to read: +3 min

The hunt, “On the Trail of the Golden Owl,” was based on a book of riddles published in 1993. “We confirm that the Golden Owl countermark was unearthed last night,” the message read, unleashing a wave of sad and crying emojis. Its value is currently estimated at €150,000 euros (about $165,000), fans of the treasure hunt have said online and at recorded events. On Discord, members of the hunt channel were quick to react to the news that the replica owl may have been found, with thousands of messages pouring in. On the official website, Becker reminds “owlers” not to dig holes on either public or private property without authorization.

Persons: “, ”, Régis Hauser, Michel Becker, Becker, Hauser, Max Valentin, “ I’m, “ owlers, Kit Williams Organizations: Paris AP, YouTube, Monde, Associated Press, France Inter Locations: France, ”, French

☆ Walter Isaacson on the AI tech race, xAI vs. OpenAI and Elon Musk's mission
▼ + 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 EmailWalter Isaacson on the AI tech race, xAI vs. OpenAI and Elon Musk's missionWalter Isaacson, ‘Elon Musk’ author, Perella Weinberg Partners advisory partner and Tulane professor, joins 'Squawk Box' to discuss the state of the AI tech race, Elon Musk's vs. Sam Altman, and more.

Persons: Walter Isaacson, OpenAI, Elon Musk's, ‘ Elon Musk, Perella Weinberg, Sam Altman Organizations: Perella Weinberg Partners, Tulane

☆ 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

☆ Harvard students made Meta Ray-Bans do facial recognition. Meta execs once thought this was a good idea.
▼ + stars: | 2024-10-04 | by ( Katie Notopoulos | ) www.businessinsider.com time to read: +6 min

Harvard students rigged their Meta Ray-Bans to do facial recognition, 404 Media reports. Nguyen told Business Insider that the experiment wasn't meant to show that popular Meta Ray-Bans are a problem. Another goal of the experiment, he said, was to help spread awareness on how to protect yourself digitally against facial recognition software. Meta's glasses can't recognize faces by defaultA spokesperson for Meta told Business Insider, "To be clear, Ray-Ban Meta glasses do not have facial recognition technology. Facial recognition.

Persons: Andrew Bosworth, —, AnhPhu Nguyen, Caine Ardayfio, LhxModhDpk, Meta Ray, Meta, Nguyen, Ray, Insider's Peter Kafka, Bosworth, It's Organizations: Service, Media, Harvard, Business, Meta, Google, BuzzFeed, Reality Labs, European Union, IDC Locations: Illinois , Texas

☆ Warren Buffett has sold about $10 billion of Bank of America stock — after slashing his Apple stake by nearly 60%
▼ + stars: | 2024-10-04 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +5 min

Warren Buffett has sold 23% of his Bank of America stake for about $10 billion since mid-July. AdvertisementWarren Buffett has followed up the surprise paring of his Apple stake by taking a knife to another of his largest holdings: Bank of America. Berkshire has slashed its stake from 1.03 billion shares to 794 million shares, reducing its ownership from 13.2% to 10.2%. Related storiesBuffett might also be rebalancing Berkshire's $300 billion stock portfolio in line with his smaller Apple bet. True to his bargain-hunter reputation, Buffett topped up his Bank of America stake in 2020, when the pandemic-hit stock was trading around $25.

Persons: Warren Buffett, Buffett, —, Berkshire Hathaway, hasn't, he's, Goldman Sachs, There's, Brian Moynihan Organizations: Bank of America, Berkshire Hathaway's, Express, Service, Berkshire, Securities, Exchange, Apple, American Express, Oracle, of America, Bank of, JPMorgan Locations: Berkshire, —, Thursday's, Omaha

☆ Dozens of zoo tigers die after contracting bird flu in southern Vietnam
▼ + stars: | 2024-10-04 | by ( Story Associated Press | ) edition.cnn.com time to read: +2 min

Hanoi, Vietnam AP —More than a dozen tigers were incinerated after the animals contracted bird flu at a zoo in southern Vietnam, officials said. The panther and 20 tigers, including several cubs, weighed between 10 and 120 kilograms (20 and 265 pounds) when they died. Samples taken from the tigers tested positive for H5N1, the virus that causes bird flu. The 30 staff members who were taking care of the tigers tested negative for bird flu and were in normal health condition, VNExpress reported. Bird flu has caused hundreds of deaths around the world, the vast majority of them involving direct contact between people and infected birds.

Persons: VNExpress, ”, Nguyen Ba Phuc, Jason Baker, ” Baker Organizations: Vietnam AP, Health, ” PETA, Associated Press Locations: Hanoi, Vietnam, Vuon, Bien Hoa, Long An, United States, California

☆ The beginner's guide to nepo babies
▼ + stars: | 2024-10-04 | by ( Amanda Yen | ) www.businessinsider.com time to read: +9 min

AdvertisementThere's one other field that's become a magnet for nepo babies with something new to say: journalism. The coastersBrooklyn Peltz Beckham and Nicola Peltz Beckham at the Academy Museum Gala in December 2023. Brooklyn Peltz Beckham and Nicola Peltz Beckham also fall into this category. The activistsSome nepo babies use their inherited millions to address social issues they're passionate about. The normiesLastly, there are some nepo babies who have chosen professions in fields where their connections won't help them quite as much.

Persons: —, John Quincy Adams, John Adams, Liza Minnelli, Judy Garland, Chan Zuckerberg, Mark Zuckerberg, Taylor Swift, Zuckerberg, Forbes — isn't, ultrarich, Alexandre Arnault, Antoine Arnault, Delphine Arnault, Bernard Arnault, Vianney Le Caer, Murdoch, Donald Trump, Fred Trump, Bill Gates, David Ellison, Larry Ellison, Jessica Pegula, Emma Navarro, Bruce Springsteen, Michael Bloomberg, Lance, Lawrence, Williams, Logan Sargeant, McLaren, Lando Norris, Jack Schlossberg, Kennedy, who's, Z's, Ronan Farrow, Mia Farrow, Woody Allen, rocketed, Harvey Weinstein, Brooklyn Peltz Beckham, Nicola Peltz Beckham, Frazer Harrison, Paris Hilton, Olivia Jade Giannulli, Lori Loughlin, she's, David, Victoria Beckham, Nelson Peltz, Abigail Disney, She's, Zers, Elon Musk's, Vivian Wilson, Jennifer Gates Nassar, Charles Shaffer, Anna Wintour Organizations: Service, Fox, News Corp, Oracle, Skydance Media, Aston Martin, New Yorker, Brooklyn, Academy Museum, Paris, Hilton, University of Southern, Zen, Disney, Bank of Mom, Vogue, Columbia University Locations: —, New, University of Southern California, Mount Sinai

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