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It's also common to draw parallels between the dot-com bubble and today's hype, leading investors to wonder if there's an AI bubble that's about to pop, too. Goldman Sachs' big AI headline of the month is "To buy, or not to buy, that is the question." The note from September 5, led by Peter Oppenheimer, suggests the answer is "to buy" but also to diversify. And the third is the application providers, which are the companies creating services for end users to harness AI. It comes from machine learning or big data workloads that various companies and governments use, Belton noted.
Persons: , Goldman Sachs, Peter Oppenheimer, John Belton, doesn't, Brian Colello, Nancy Tengler, that's, it's, Tengler, Wall, Larry Ellison, Colello, Belton Organizations: Service, Business, Gabelli Funds, Morningstar Equity Research, Investments, Nvidia, Companies, Microsoft, Intel, Oracle, IBM, Broadcom, AMD, Cadence Design Systems, Google, AWS, Eaton Corporation Locations: GenAI, Belton
UK leads resurgence in European office investment
  + stars: | 2024-09-13 | by ( Karen Gilchrist | ) www.cnbc.com   time to read: +5 min
Sopa Images | Lightrocket | Getty ImagesLONDON — The U.K. is leading a recovery in Europe's long subdued office real estate market, with overall investment in the sector expected to pick up further in the second half of the year. Overall, European office investment transactions in the first half of the year fell 21% year-on-year to 14.1 billion euros, Savills data showed — a 60% decrease on the five-year H1 average. Europe's divided recoveryThe U.K. real estate market was the first in Europe to undergo a significant contraction following its peak in 2022. "London is leading the way a bit, partly because it repriced earlier and quicker and more significantly," Kim Politzer, head of research for European real estate at Fidelity International, told CNBC over the phone. Kim Politzer head of research for European real estate at Fidelity International
Persons: Mike Barnes, Savills, Kim Politzer, Marcus Meijer, Mark, CNBC's, James Burke, Tom Leahy, Leahy, Europe's, JLL Organizations: Getty, Britain, CNBC, Bank of, Fidelity International, European Central Bank, Nurphoto, U.S Locations: London, Europe, Paris, Stockholm, Berlin, Hamburg, La Défense, France, Ireland, Netherlands, Spain, Italy, Portugal, Southern Europe, Germany
Here's what the Boeing strike might mean for flyers
  + stars: | 2024-09-13 | by ( Rob Wile | ) www.cnbc.com   time to read: +3 min
Boeing workers went on strike Friday, the latest disturbance in what has proven a devastating year for the American aircraft manufacturer. Southwest had sharply brought down its delivery target for Boeing aircraft earlier this year. A United spokesperson said the carrier was working with Boeing to understand what the impact to the airline's delivery schedule might be. "There will probably be very little direct impact on consumers as a result of the Boeing strike," Harteveldt told NBC News. The previous Boeing machinists strike, in 2008, lasted nearly two months; however, in a note to clients, Bank of America analyst Ronald Epstein said the latest one could prove as short as a week.
Persons: Jon Holden, Henry Harteveldt, Harteveldt, Ronald Epstein, Boeing's Organizations: Aerospace Machinists, Boeing, Alaska Airlines, Southwest Airlines, International Association of Machinists, Aerospace Workers, Southwest, United, Atmosphere Research, NBC, Bank of America, FAA, Dow Locations: Seattle , Washington, U.S, Southwest, United, Renton , Washington
Uber: Here's why Evercore ISI’s Mark Mahaney 'likes' the stock
  + stars: | 2024-09-13 | 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 EmailUber: Here's why Evercore ISI’s Mark Mahaney 'likes' the stockMark Mahaney, Evercore ISI head of internet research, joins ‘The Excahnge’ to discuss Uber as the ride-sharing giant announced its partnership with Alphabet’s Waymo, why he favors the stock, and more.
Persons: Mark Mahaney, Mahaney, Alphabet’s Organizations: Uber
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailExpect a mild commodity bounce between now and the election, says 3Fourteen's Warren PiesWarren Pies, 3Fourteen Research co-founder and Bob Elliott, Unlimited CEO, joins 'Closing Bell Overtime' to talk if the Federal Reserve should cut 25 basis points or 50 basis points.
Persons: Warren, Bob Elliott Organizations: 3Fourteen Research, Federal Reserve
While rage bait can be found across social media, its prominence on Threads is because of how the app promotes content. AdvertisementWith that in mind, there's often something in your behavior on social media that's leading the apps to send those posts your way. In the grand scheme of things, rage bait is not the worst thing on social media by a long shot . YouTube star MrBeast mastered social media algorithms to build a huge audience in no time. Here's what business students said , and here's what tech students said .
Persons: , Rebecca Zisser, Katie Notopoulos, Katie, it's, it'll, Samantha Lee, Goldman Sachs, David Solomon isn't, Solomon, Warren Buffett's, Kanu Gulati, she'd, Jensen Huang doesn't, Huang, Alberto E, Rodriguez, MrBeast, Jonah Peretti, Dan DeFrancesco, Hallam Bullock, Milan Sehmbi, Amanda Yen Organizations: Service, Business, Twitter, JPMorgan, Bank of America, Occidental Petroleum, Khosla Ventures, Kanu Gulati Khosla Ventures, Nvidia, Warner Bros, HBO, Charter Locations: Taiwan, China, New York, London
Swallowed eels escape via predator fish’s gills
  + stars: | 2024-09-13 | by ( Mindy Weisberger | ) edition.cnn.com   time to read: +6 min
Dark sleeper fish (Odontobutis obscura) can gulp down young Japanese eels (Anguilla japonica) whole, but the swallowed eels can wriggle back up through the digestive tract and out of the stomach, swimming to freedom through the bigger fish’s gills, scientists recently discovered. “Witnessing the eels’ desperate escape from the predator’s stomach to the gills was truly astonishing for us.”A Japanese eel exhibits circling behavior along a predator's stomach wall in this X-ray video footage. But while they observed swallowed eels wriggling tailfirst from dark sleepers’ gills, “we had no understanding of their escape routes and behavioral patterns during the escape because it occurred inside the predator’s body,” Hasegawa said via email. Once a predator swallowed an eel, the sated fish was quickly moved to a special tank where the X-ray video camera was ready to roll. On average, it took about 3 ½ minutes for a swallowed eel to reappear and swim away.
Persons: , Yuha Hasegawa, Yuuki Kawabata, ichthyologist Kory Evans, , ” Evans, ’ Hasegawa, Kazuki Yokouchi, Nagasaki University —, ” Hasegawa, Prosanta, Mindy Weisberger Organizations: CNN, Graduate School of Fisheries, Environmental Sciences, Japan’s Nagasaki University, , biosciences, Rice University, Japan Fisheries Research, Education Agency, Nagasaki University, Louisiana State University, LSU Museum of Natural Science, Scientific Locations: Anguilla, Houston
Satellites recently captured plant life blooming in parts of the typically arid southern Sahara after storms moved there when they shouldn’t. NASARainfall north of the equator in Africa typically increases from July through September as the West African Monsoon kicks into gear. “The Intertropical Convergence Zone, which is the reason for (Africa’s) greening, moves farther north the warmer the world gets,” Haustein explained. NOAA's Climate Prediction CenterTake the northern portion of Chad, which is part of the Sahara Desert. Only up to an inch of rain typically falls here from about mid-July to early September.
Persons: Karsten Haustein, Niño, Haustein, El Niño, ” Haustein, , g9HrAAzrxC — Evan Fisher, Audu Marte, Haustien, Organizations: CNN, NASA NASA, Central African, NASA, West, Satellite, Leipzig University, United, Getty Locations: Africa, Niger, Chad, Central African Republic, Sudan, Libya, Germany, West, Central Africa, Parts, Nigeria, Cameroon, Egypt, United Nations, Maiduguri, AFP, Messawi, Meroe, Sudan's Northern State
(This is CNBC Pro's live coverage of Friday's analyst calls and Wall Street chatter. A biotech stock and an energy company were among the names being talked about by analysts on Friday. — Sean Conlon 6:19 a.m.: Pivotal says buy TKO Group A competitive media landscape could mean gains for TKO Group , according to Pivotal Research Group. TKO Group shares are up nearly 41% year to date. TKO YTD mountain TKO in 2024 — Sean Conlon 5:49 a.m.: JPMorgan downgrades Moderna to underweight JPMorgan sees a rocky road ahead for Moderna .
Persons: Raymond James, Srini Pajjuri, — Sean Conlon, Jeffrey Wlodarczak, Jessica Fye, Fye, it's, Ameet, Thakkar, he's, Fred Imbert Organizations: CNBC, JPMorgan, Moderna, BMO Capital Markets, GE Vernova, ARM, Research, JPMorgan downgrades Moderna, Food and Drug Administration, BMO, GE, General, Gas Power, General Electric Locations: Thursday's
Over the course of about 10 years at the company, Vashi worked his way up from an entry-level consultant role to vice president. It all paid off in June 2022, when Anaplan was acquired by private equity company Thoma Bravo at a roughly $10.4 billion valuation. Here are five tips on how to negotiate for more equity at work, according to Vashi:1. "The best way to secure equity compensation is to make yourself extremely important to the company," he said. When it comes to employees, it is "all based on [their] contributions, either actual contributions or expected contributions," Vashi said.
Persons: Bhavik Vashi, Vashi, Anaplan, Thoma, they've Organizations: University of California, CNBC, Thoma Bravo, Asia Pacific, Carta, Employees Locations: Valley, Berkeley, Silicon Valley, Middle East
Many mental health advocates worry whether the Georgia community will receive the mental health support it is likely to need in the wake of the shooting. Andy Miller for KFF Health NewsSo health providers worry that in the coming days, months, and years the community will struggle to find help for their mental health needs. Georgia ranks nearly last among states in access to mental health care resources, according to Mental Health America, a nonprofit that advocates for increased mental health spending. The lack of mental health care remained a top concern in the region during a follow-up assessment in 2022. But immediately following the shooting, mental health providers across the region still had to cobble together free resources for area residents.
Persons: ” Amanda McKee —, Asa Deslonde, Apalachee —, , Howard Liu, Andy Miller, , Sean Couch, Barrow, Roland Behm, Behm, Tamara Conlin, William Smith, Paul Soost, Conlin, Dr, Sanjay Gupta, McKee, Asa ., Richard Aspinwall, ” McKee, “ They’re Organizations: Health, Apalachee High School, Northeast, Northeast Georgia Medical, International Association for Suicide Prevention, Befrienders, Apalachee, Communications, American Psychiatric Association, KFF Health, Georgia Health, Georgia Mental Health, Partnership, Mental Health America, U.S Census Bureau, Behavioral Health Systems, Health Survey, Barrow County School System, Northeast Georgia Medical Center, Lutheran Church Charities, Atlanta Center, CNN, CNN Health, KFF Locations: WINDER, Ga, Northeast Georgia, Barrow, Atlanta, Georgia, Barrow County, Athens, Gainesville, Northeast Georgia Medical Center Barrow, Winder , Georgia, Nebraska, , Texas
Back in April, "A Bar Song" made history when it replaced Beyoncé's "Texas Hold 'Em" atop Billboard's Hot Country Songs. "Cowboy Carter" made chart history and inspired thoughtful conversations about systemic racism in the music industry. (As Billboard reported, Beyoncé's team did not need to submit "Cowboy Carter" in order for the album to be eligible. And that project changed a lot of people's lives, mine included," Shaboozey said of "Cowboy Carter." Shaboozey himself received two nods for the 2024 CMAs: new artist of the year and single of the year for "A Bar Song (Tipsy)."
Persons: , Shaboozey, Carter, Tanner Adell, Brittney Spencer, Beyoncé, Beyoncé's, you've, everyone's, it's Organizations: Service, MTV, Virginian, Business, Spotify, Hollywood, Billboard Locations: Texas
Carnegie Director of Research: like e-commerce, energy stocks
  + stars: | 2024-09-13 | 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 EmailCarnegie Director of Research: like e-commerce, energy stocksGreg Halter, director of research at Carnegie Investment Counsel, gives his top picks in the e-commerce, retail, and energy sectors. He focuses on investing in solid companies with good valuations for the long term.
Organizations: Carnegie, of Research, Carnegie Investment
New York CNN —A year ago, America’s stores declared a shoplifting epidemic. Target also closed nine stores, saying “theft and organized retail crime” threatened worker and customer safety and made business unsustainable. Many retailers’ merchandise losses have stabilized or improved, and chains have publicly dialed back their rhetoric. Their shrink rate — lost inventory as a percentage of sales — is their best estimate for items that go missing. The shoplifting rate in the first half of 2024 was also 10% higher than in the first half of 2019.
Persons: Target, , Michael Fiddelke, Lindsey Nicholson, Gavin Newsom, , Michael Baker, DA Davidson, Donald Trump, William Blair, Walgreens ’, James Kehoe, ” Neil Saunders, “ That’s, it’s, Baker, ” Baker, David Johnston, Duane Reade, Angela Weiss, Ernesto Lopez, Edgar Dworsky, “ We’ve, ” Johnston Organizations: New, New York CNN, Target, Getty, , DA, CNN, Companies, National Retail Federation, Criminal, Retailers Locations: New York, Queens , New York, California, New York City
But thanks to the efforts of the research teams awarded the IG Nobel Prize on Thursday, some of these questions – which you might not even have thought existed – now have answers. Professor Sander Woutersen, right, displays an oversized stuffed worm while accepting a shared Ig Nobel Prize in chemistry for research using chromatography to separate drunk and sober worms. Steven Senne/APAmong those collecting their prizes was a Japanese research team led by Ryo Okabe and Takanori Takebe who discovered that mammals can breathe through their anuses. A Dutch-French research team also produced a live demonstration when they collected the chemistry prize to explain how they used chromotagraphy to separate drunk and sober worms. On that note, some of the items in the box were missing, presenters said, and the box itself was “almost impossible to open.”
Persons: , , Sander Woutersen, Steven Senne, Ryo Okabe, Takanori Takebe, B.F Skinner, Jacob White, Felipe Yamashita, James C, Liao, Fordyce Ely, William E, Petersen Organizations: CNN, eBay, Murphy’s Locations: Japanese, European, French, Chilean
The walkout depressed revenues in the period by $4.3 billion, Boeing said at the time. Another strike of that length would cost Boeing at least $3 billion, according to a TD Cowen research note cited by The New York Times. The rejected deal would have cost Boeing an extra $900 million a year if passed, they noted. A Boeing strike in 1989 cost the company $2.5 billion in lost revenue, and the next one in 2005 cost it about $1 billion, the American Action Forum noted in a paper this week. "This may be because Boeing generally delays orders rather than losing them, so their revenue is time-shifted rather than diminished."
Persons: , Cowen, Kelly Ortberg, they're Organizations: Service, Boeing, International Association of Machinists, Aerospace Workers, IAM, Business, The New York Times, Jefferies, CNBC, American Action, AAF
In the first college admissions process since the Supreme Court struck down affirmative action last year, Asian American enrollment at the most prestigious U.S. schools paints a mixed, uneven picture. Columbia University — which, unlike the other Ivies, groups Pacific Islanders with Asian Americans — saw an increase of nine percentage points in its enrollment of Asian American applicants, while Brown saw an increase of four percentage points. It doesn’t mean that race is entirely ruled out of the admissions process, however. Poon, who is the author of “Asian American is Not a Color: Conversations about Race, Affirmative Action, and Family,” said that with race masked in the admissions process, concerns around biases are actually more prevalent. And it’s going to be difficult to determine, for example, why there were drops in Asian American enrollment at some schools as well.
Persons: , OiYan Poon, ” Poon, , Brown, St . Louis, Edward Blum, Hopi Hoekstra, ” Hoekstra, Jonathan Palumbo, Whitney Soule, Dartmouth —, John Roberts, ” Julie J, Poon Organizations: Ivy League, Yale, Princeton, Harvard, University of Illinois, Columbia University —, Pacific Islanders, MIT, Amherst College, Washington University, Conservative, Fair, NBC News, ” Harvard, of Arts and Sciences, Harvard Crimson, , University of Pennsylvania, — Cornell, Dartmouth, University of North, University of Maryland, Universities, Federal Student Aid, NBC Asian Locations: U.S, Columbia, Brown, University of Illinois Urbana, Champaign, St ., University of North Carolina, NBC Asian America
The bill — the Social Security Fairness Act — would repeal two rules that reduce Social Security benefits for workers and spouses, widows and widowers who also receive pension income. If brought to the House floor, the Social Security Fairness Act may pass, based on the 327 co-sponsors who are currently behind the proposal. The government pension offset reduces Social Security benefits for spouses, widows and widowers who also have pension income. But if she retirees and begins collecting the pension benefits she earned, that Social Security income may disappear. Eliminating the rules through the Social Security Fairness Act would also cost the program at a time when Social Security faces looming trust fund depletion dates, he said.
Persons: Abigail Spanberger, Garret Graves, There’s, , Emerson Sprick, , Sprick, Roger Boudreau, Boudreau, ” Boudreau, Paul Van de Water, Van, ” Van, Water, ” Sprick, it’s, ” Sen, Mike Braun, Organizations: Security, Social, Senate, Center, GPO, Social Security, Rhode Island American Federation of Teachers, Budget, Congressional, Republican
The campaign said Harris plans to do more interviews with local media in battleground states and speak more with her traveling press corps in the coming days. Her campaign’s media strategy has largely been a continuation of Biden’s, which is to minimize interactions with the media. Some allies said that Harris should use the momentum from the debate to change her cadence of interviews. “I don’t think you can hide for 56 more days from media interviews,” said one Democratic strategist, requesting anonymity to speak candidly. The Harris campaign also held a call that day, but it was off the record.
Persons: Kamala Harris ’, Harris, Donald Trump, Joe Biden’s, Tim Walz, Rickey Smiley —, , , Chuck Rocha, Rocha, Trump, Robert F, Kennedy Jr, “ Harris, She’s, Democratic Sen, Claire McCaskill, McCaskill, there’s, Matt Gaetz, ” Trump, Jason Miller, , Biden, Ohio Republican Sen, J.D, Vance, Walz, aren’t, ” Bonnie Fioramanti, ” Fioramanti, Harris —, Rich Thau, it’s, Kamala Harris, ” Harris, ” Sen, Chris Murphy, Conn, Jason Crow, James Carville, Paul Maslin Organizations: National Association of Black Journalists, Democratic, CNN, Minnesota Gov, Univision, Media, Trump, Fox News, ” MSNBC, , ” Conservatives, New York Times, Board, White House News Photographers Association, NBC News, The New York Times, NBC, Ohio Republican, ABC News, MSNBC, Fox, , Veteran Democratic Locations: Philadelphia, Republic, Ohio, Arizona, Siena, America
Meta is teaming up with Snapchat and TikTok as part of a new initiative to prevent content featuring suicide or self-harm from spreading across the social media platforms, Meta said Thursday in a blog post. Under Thrive, Meta will identify content that features suicidal themes or self-harm and flag that content to TikTok and Snapchat so they can also investigate if the same or similar content has been posted to those apps. When content featuring suicide or self-harm is identified on a Meta platform, it will be assigned a number known as a “hash,” according to the spokesperson. Social media platforms, including Meta, TikTok and Snapchat, have long been criticized for not doing more to moderate content that teens consume, including video and images of self-harm. In its blog post Thursday, Meta said that it removed 12 million pieces of content featuring suicide and self-harm from Facebook and Instagram from April to June.
Persons: Meta, ” Antigone Davis, Organizations: Meta, Mental Health Coalition, Tech, Apple, Google, National Library of Medicine, Facebook
Kansas City Chiefs quarterback Patrick Mahomes said he will not use his platform to endorse a presidential candidate, despite Donald Trump saying the Super Bowl champ's wife, Brittany Mahomes, is a "big MAGA fan." Trump responded saying in a phone interview Wednesday on "Fox and Friends" that he is "not a Taylor Swift fan." She's a big Trump fan," he said. That was not the first time Trump mentioned Brittany Mahomes, who has become close with Swift after the pop star began dating Chiefs tight end Travis Kelce. Last month, Trump thanked the "beautiful Brittany Mahomes for so strongly defending me" after she apparently liked — and then unliked — his Instagram post outlining the "2024 GOP platform."
Persons: Patrick Mahomes, Donald Trump, Brittany Mahomes, Mahomes, Taylor Swift, Instagram, Trump, Kamala Harris, Donald Trump’s, Taylor, Brittany's, Swift, Travis Kelce, , unliked, Trump's Organizations: Kansas City Chiefs, Fox, Trump Locations: America, Brittany
Even though Latinos in the U.S. have become more aware of the word "Latinx," about half of the Hispanic population still has never heard of the gender-neutral alternative, the Pew Research Center found in a study published Thursday. The number of Latinos who have heard of "Latinx" has nearly doubled since 2019, when only 23% of the Hispanic population reported being aware of it. Now, almost half of the U.S. Latino population (47%) say they have heard of "Latinx," according to the study. The share of the Hispanic population who use "Latinx" to describe themselves remained statistically unchanged from 2019 to 2023. Only 3% of the Hispanic population nationwide used the word to describe themselves in 2019, which rose to 4% in 2023.
Persons: , La Raza Organizations: Pew Research Center, Pew, Puerto, National Council, La Locations: U.S, Spanish, Spain, Puerto Rican, Latin America, Caribbean
The hotly anticipated results are in from a landmark pair of major clinical trials of a long-acting, injectable HIV-prevention drug that only requires dosing every six months. The pharma giant has already secured approval for the injectable drug in treating highly drug-resistant HIV. Given the clear statistical superiority of lenacapavir over Truvada, the trial’s blinded phase will now be ended several months early. When taken as prescribed, Truvada is over 99% effective at preventing HIV; Descovy is comparably effective. This chorus is sure to get louder now that lenacapavir is officially highly effective at protecting gay and bisexual men and trans people as well.
Persons: lenacapavir, , Jared Baeten, , ” Jen Kates, ” Gilead, Gilead, Truvada, ViiV Healthcare’s, Amy Killelea, Jirair Ratevosian, Hansel Tookes, ” Tookes, Dr, Boghuma, “ lenacapavir, Tim Horn Organizations: Gilead Sciences, pharma, NBC, Food and Drug Administration, Disease Control, PrEP, Yale School of Nursing, University of Miami Miller School of Medicine, NBC News, Southern, Affordable, CDC, Emory University Locations: Gilead, United States, , U.S, Australia, United Kingdom, Arlington , Virginia, America, South Africa, Thailand, Truvada, Atlanta, Saharan Africa
Taking a high dose of ADHD drugs is linked to more than five times greater risk of developing psychosis or mania, according to a new study published Thursday in the American Journal of Psychiatry. The research is among the first to find a relationship between escalating doses of the drugs — amphetamines, in particular — and a greater likelihood of psychotic symptoms. The drugs include Adderall, Vyvanse and generic amphetamines, such as dextroamphetamine. The medium dosage — 20 mg to 40 mg of Adderall, 50 mg to 100 mg of Vyvanse or 15 mg to 30 mg of dextroamphetamine — was linked to a 3.5 times higher risk. There was no increased risk of psychosis with another ADHD drug, Ritalin, which isn’t an amphetamine.
Persons: it’s, , Jacob Ballon, hadn’t, Will Cronenwett, ” Cronenwett, Vyvanse, Takeda, Lauren Moran, Brigham, , ” Moran, Moran, Cronenwett, ” Ballon, they’re Organizations: American, of Psychiatry, Stanford Medicine, Northwestern Medicine, Psychiatry, NBC News, Takeda Pharmaceuticals, . Food, Drug Administration, FDA, Pharmaceuticals, McLean Hospital, Mass Locations: United States, U.S, Boston
Taylor Swift matched Beyoncé's record for the most career MTV Video Music Awards on Wednesday night after winning seven awards in one evening. Before her first win of the night for song of the summer, Swift had 23 VMAs. Swift, 34, ended the night with a win for video of the year, her third consecutive year earning the award. She also took home Moon Person statues for best pop, best artist, best director, best collaboration and best editing. It was a big night for Swift after one of the biggest years of her life.
Persons: Taylor Swift, Swift, Beyoncé, Travis Kelce, Travis, Kamala Harris, Harris, Tim Walz, , ” Swift, , Sen, JD Vance, Benjamin Button Organizations: MTV, Guinness World Records, Country Music, Minnesota Gov Locations: Texas, R, Ohio, U.S, Europe, South America, Asia, Australia, Miami, New Orleans, Indianapolis, Canada
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