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Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. Despite Thursday's gains, Wells Fargo shares are having a tough month. 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, Stanley Black, Decker, Wells Fargo, Wells, Morgan Stanley, Jim Cramer's, Jim Organizations: CNBC, Treasury, JPMorgan, Wells, Bloomberg, Fed
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But now, as the dangers of a widening deficit and mounting debt grow, former President Donald Trump and Vice President Kamala Harris are making little effort to address it. A budget deficit occurs when a country’s spending exceeds what it collects in revenue, primarily through taxes. The deficit is expected to widen under the status quo and could get even worse under proposals by both Harris and Trump, if enacted. During the Trump-Harris presidential debate earlier this month, the budget deficit was mentioned just twice, when Harris jabbed Trump for his proposals, which are expected to add considerably more to the deficit than hers. In the 2021 fiscal year, during which Trump left office, the country ran a $2.8 trillion deficit.
Persons: Donald Trump, Kamala Harris, Harris, Trump, Jerome Powell, “ It’s, ” Powell, Harris jabbed Trump, , Maya MacGuineas, , Barack Obama, we’ve, I’ve, Obama, Mitt Romney, ” Obama, Romney, Hillary Clinton, Powell, MacGuineas, There’s, Kent Smetters, aren’t Trump, Smetters, aren’t Organizations: New, New York CNN, White, Trump, Republican, Democratic, Congressional, CNN, University of Pennsylvania’s Wharton School, Penn Wharton Budget, , Republicans, Democrats, Locations: New York, China, Japan
WeightWatchers' CEO of roughly two years, Sima Sistani, is out. AdvertisementIt's been a bumpy year for WW International, the company also known as WeightWatchers. In a leadership shake-up Friday, the weight-loss company announced CEO Sima Sistani is stepping down after roughly two years — effective immediately — and board member Tara Comonte is stepping up to serve as interim chief. Sistani helped push the company into the weight-loss drug space in 2023 through the $106 million acquisition of telehealth platform Sequence — which is now called WeightWatchers Clinic, and which prescribes weight-loss drugs like Ozempic and Wegovy. The telehealth purchase marked something of a pivot from the group support meetings and calorie-tracking menus WeightWatchers is known for, though the company also launched a behavioral program for patients on Ozempic.
Persons: WeightWatchers, Sima Sistani, , It's, Tara Comonte, Sima, Thilo Semmelbauer, Sistani, haven't, Comonte, Oprah Winfrey Organizations: Service, WW International, WeightWatchers, WeightWatchers Clinic, CNN, Life Sciences, Shake, Business, Smithsonian's National Museum of
Piper Sandler upgrades Accenture to overweight from equal weight Piper upgraded the IT company following its earnings report. Goldman Sachs reiterates Costco as buy Goldman says it's sticking with the stock following earnings on Thursday. Citi downgrades Dollar General to sell from neutral Citi says it sees too many competitive challenges. JPMorgan adds Best Buy to the focus list JPMorgan says it sees an "improving product cycle" for Best Buy. Bank of America downgrades HP to neutral from buy The firm says it sees slowing earnings per share growth.
Persons: Morgan Stanley, Wynn, Piper Sandler, Piper, Goldman Sachs, Goldman, it's bullish, it's, Raymond James, Mercado, Roth MKM, Roth, Cantor Fitzgerald Organizations: Wynn Resorts, Deutsche Bank reinstates Dell, Deutsche, DELL, NASDAQ, Costco, " Bank of America, Apple, Bank of America, Apple Intelligence, UBS, Vista Energy, Citi, Pepsi Citi, Catalyst, Walmart, Cava, Mercado Libre, JPMorgan, Chesapeake Energy, Barclays, Netflix, HP Locations: UAE, Macau, BMBL, CAVA, HPQ
Instead, he plans to pay for college, a car, a down payment, and make business loans. Here's what I'm doing instead, and how I talk with them about money and wealth. Courtesy of George ApplingI believe it's bad to make your kids wealthyI don't want to leave my children money because I believe it's bad to make your children wealthy. If the kids need $20 to go to the trampoline park with friends, I'll usually pay. I let the kids make mistakes with moneyAll my kids work during the summer, and saved about $1,000 each last year.
Persons: George Appling, , Brian, I'm, it's, Rockefeller, they'd Organizations: Service, Harvard Business School, Nissan Pathfinder, Starbucks Locations: Sherwood
This week, Putin once again rattled the arms-control world by revealing proposed changes to his country’s nuclear doctrine. “In the current version of Russia’s nuclear doctrine, there is no distinction between an aggression by nuclear- and non-nuclear-weapon state,” he wrote. “There are two noteworthy points of departure from the previous 2020 Russian military doctrine,” she wrote on X. “2020 doctrine allowed the use of NW [nuclear weapons] in response to conventional aggression that jeopardizes the very existence of the state. And the results of Zelensky’s visit to the US may soon tell us whether anyone in Washington is listening to Putin’s nuclear talk.
Persons: Vladimir Putin, Putin, Volodymyr Zelensky, Biden, Pavel Podvig, , ” Podvig, , Mariana Budjeryn, Harvard Kennedy, Alexander Nemenov, Budjeryn, Kristin Ven Bruusgaard, ” It’s, Ven Bruusgaard Organizations: CNN, Kremlin, Council, Russian Federation, , Harvard, Getty, Norwegian Intelligence School Locations: Ukraine, Russia, Moscow, Washington, USSR, United States, ” Moscow, AFP, Russian
Israeli politics swirl as Hezbollah conflict ramps up
  + stars: | 2024-09-27 | by ( Mick Krever | ) edition.cnn.com   time to read: +10 min
“It’ll take him months on end to train for the job,” said Gadi Eisenkot, a highly respected former Israeli military chief and member of the opposition. Policy and domestic politics are impossible to separate in any democracy, but especially in Netanyahu’s Israel – and especially now. Remarkably, Netanyahu held a security consultation on Wednesday but did not invite his defense minister, an Israeli official told CNN. Hezbollah says that it’s attacking Israel in solidarity with the Palestinian people in Gaza; Israel wants to get Hezbollah to stop firing even without a Gaza ceasefire and hostage deal. With both the Philadelphi Corridor and Hezbollah, Netanyahu’s critics have questioned why, if they were so critical, he waited months to raise the stakes over those issues.
Persons: Benjamin Netanyahu, Yoav Gallant, Gideon Sa’ar, “ It’ll, , Gadi Eisenkot, , Gallant, Netanyahu, Israel –, Itamar Ben, Gvir, Ben Gvir, Ben Gvir’s, Abir, ” Eyal Hulata, , , ” Gallant, Baz Ratner, it’s, ” Gilad Malach, Netanyahu’s, ” Malach, Damocles, Sa’ar, Bezalel Smotrich, Ammar Awad, Reuters Eisenkot, I’m, Gallant –, Malach, Michael Shemesh, Kan, ” Shemesh Organizations: Israel CNN, CNN, Reuters, Foundation for Defense of Democracies, IDF, Israel Defense Forces, Israel Democracy Institute, National Security, Finance, General Staff Locations: Tel Aviv, Israel, Lebanon, Gaza, United States, Abir Sultan, ” Lebanon, Egypt, Israeli, New York
GeoStabilization International will share a $75 million pot with workers following its sale by KKR. About 900 staff will get payments of up to $325,000 following the sale. A KKR executive promotes Ownership Works, which calls for workers to get stakes in their companies. It will share $75 million of the proceeds with about 900 staff, mainly construction workers, at the geohazard mitigation and road safety services provider, KKR said. In April 2022, he launched Ownership Works , a nonprofit that promotes giving workers a stake in the businesses they work for.
Persons: , Leonard Green, GeoStabilization, Pete Stavros, Stavros Organizations: KKR, Service, Leonard Green & Partners
My husband and I visited Fleming's Prime Steakhouse and Wine Bar for a date night. Most of our food was delicious, but at $275, we didn't feel our meal was worth the high price tag. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . So, for a recent date night, my husband and I went to Fleming's Prime Steakhouse and Wine Bar.
Persons: Organizations: Service, Fleming's, Wine, Omni, Bloomin, Inc, Outback Locations: ribeye, Los Angeles, Dallas, Nashville, Atlanta, Providence , Rhode Island, California
Signage at the New World Tower, which houses the headquarters of New World Development Co., in Hong Kong, China, on Thursday, Sept. 26, 2024. New World Developmen suspended trading of its shares in Hong Kong on Thursday morning. Shares of Hong Kong's New World Development surged following the resignation of Adrian Cheng, a member of the founding family. Hong Kong listed shares of the major development company traded 23% higher after trading resumed on Friday. New World's woes come as property pains continue to plague Hong Kong and mainland China.
Persons: Adrian Cheng, Cheng, Eric Ma Siu, Cheung, Alicia Garcia, Herrero, Hong Kong tycoons, China's Organizations: New, Hong, HK, Asia Pacific, CNBC, China's Locations: Hong Kong, China, Natixis, tycoons, Asia
The ridehailing company will now deliver costumes, makeup, and even decorations from Spirit Halloween, the largest Halloween retailer in North America, Uber announced in a press release Friday. Big-box retailers are getting into Halloween earlier and earlier, suggesting American consumers continue spending on the October holiday even as they pull back from other discretionary purchases. Customers in the US and Canada can buy their Chipotle burrito costume for the same price as in store, but without having to visit the seasonal Halloween store that pops up in abandoned storefronts every year, Uber said. Of course, there will still be the fees associated with Uber Eats delivery. Uber Eats has also partnered with Big Lots, Lowe’s, Michael’s and Party City for on-demand delivery.
Persons: New York CNN — Uber, Uber, , Beryl Sanders Organizations: New, New York CNN, Uber, Party City Locations: New York, North America, Canada, Olive, Michael’s
Meta CEO Mark Zuckerberg presents Orion AR Glasses, as he makes a keynote speech during the Meta Connect annual event, at the company's headquarters in Menlo Park, California, U.S. September 25, 2024. The most impressive aspect of Meta's Orion augmented-reality glasses has more to do with size and comfort than flashy computer graphics. Meta CEO Mark Zuckerberg revealed the Orion glasses on Wednesday and pitched them as "a glimpse of a future that I think is going to be pretty exciting." While Orion is not capable of putting users in fully virtual worlds, the glasses can overlay digital graphics onto the real world. And unlike VR headsets that can be cumbersome to wear for extended periods, Boorstin said she found the Orion glasses to be a good fit.
Persons: Mark Zuckerberg, Orion, Julia Boorstin, Boorstin, they're Organizations: Meta, CNBC, Orion, Connect, Apple Vision Locations: Menlo Park , California, U.S
Shailene Woodley reacted to the news about a potential season three of "Big Little Lies." Woodley told Business Insider that she doesn't have much information about it and remains skeptical. Advertisement"Big Little Lies" star Shailene Woodley can't say much about season three of the hit HBO drama series — not because she's being secretive, but because she has limited information. "Big Little Lies," based on Liane Moriarty's novel of the same name, debuted in 2017. Reese Witherspoon, Shailene Woodley, and Laura Dern on season one of "Big Little Lies."
Persons: Shailene Woodley, Woodley, , Jane Chapman, Liane Moriarty's, Zoë Kravitz, Jean, Marc Vallée, Andrea Arnold, Valée, Kravitz, GQ, it's, Reese Witherspoon, Laura Dern, Nicole Kidman, Witherspoon, Kidman, Liane Organizations: Service, HBO, Hollywood
Adams allegedly committed 23 different “overt acts,” which include accepting free flights and hotel rooms and coordinating straw donations. In 2017, Adams allegedly accepted free business class tickets for three roundtrip international flights and a heavily discounted stay at a suite in the St. Regis Istanbul. Adams allegedly accepted over $123,000 worth of luxury travel benefits between 2016 and 2021, without disclosing any of it. “No one is above the law, including the Mayor of New York City,” Schumer said in a written statement Thursday. The indictment does not total the amount of matching public funds Adams allegedly received directly from the eight illegal straw donations.
Persons: Adams, ” Adams, , , mulls, Kathy Hochul’s, Hochul, ” Hochul, Hakeem Jeffries, Chuck Schumer, ” Schumer, Jeffries, ” Jeffries, Adams ’, Bribery, Adams “ Organizations: CNN, Democrat, Prosecutors, , New York Gov, Lawyers, New York Democrats, New York, New, US, Office, Turkish Locations: York, St, Regis Istanbul, New York City, New, New York,
Google struck a $2.7 billion deal with Character.ai., largley to rehire AI expert Noam Shazeer, WSJ reported. It's an eye-popping example of how expensive and in demand top AI talent is as competition heats up. AI career experts told Business Insider it's a bit like pro sports — the superstars are worth it. AdvertisementThere are plenty of stories out there about just how ruthless the hiring wars for AI talent have gotten. Grennan predicted this pattern will continue as the AI talent window stays hot for the next three to four years.
Persons: Noam Shazeer, , Shazeer, he's, it's, Mustafa Suleyman, Karen Simonyan, Andree Mendoza, Mendoza, Sergey Brin, Zuckerberg, Meta, Altman, Conor Grennan, Grennan, Noam Shazeer isn't Organizations: Google, Service, Nvidia, Wall Street, Business, Microsoft, Carex Consulting, Big Tech, NYU's Stern School of Business, Wall, Apple
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailPortfolio manager: Bond is good hedge against risk asset when inflation is down, like nowAndrew Szczurowski with Morgan Stanley Investment Management explains why he believes there's still plenty of value in the bond market despite recent rallies amid the Fed's easing cycle.
Persons: Bond, Andrew Szczurowski, there's Organizations: Morgan Stanley Investment Management
After just three months of dating, I asked my new girlfriend to move in with me. I was so excited at first, but now I'm wondering if we are moving too fast. Although I'm nervous, I'm trusting love will lead the way. AdvertisementEarlier this year, I asked a former colleague of mine to be my girlfriend, and she said yes. I'm worried about taking this major step with a woman — who I could marry — without factoring my family into the equation.
Persons: , we're, I'm, She's, haven't Organizations: Service
Dalton, Georgia CNN —The face of a new era in American manufacturing is here, just off Interstate 75, tucked into this northwest corner of Georgia. That’s where you’ll find the Qcells plant that pumps out 32,000 solar panels a day and has a total panel production capacity of 5.1 gigawatts. They’re contributing back into the local community, paying taxes,” Nash said. The Qcells solar panel plant in Dalton, Georgia CNNTrump strikes a chordLocated in the congressional district represented by GOP firebrand Marjorie Taylor Greene, Dalton is Trump country. “You want to ask me that after November?” Nash, the Qcells plant manager, responded when asked about the future for the industry.
Persons: Dalton, , Lisa Nash, , didn’t, it’s, ” Nash, Biden, “ We’ve, Scott Moskowitz, Kamala Harris, Andi Rice, she’s, Kimberly Richardson, Harris, Richardson, Qcells, ” Richardson, Donald Trump, ” Kasey Carpenter, Dalton , Georgia CNN Trump, Marjorie Taylor Greene, ” Carpenter, Trump, George, Kasey Carpenter CNN, Brian Kemp –, can’t, Matt Santini, CNN's Phil Mattingly, “ It’s, ” Santini, Carpenter, , there’s, Mattingly, It’s, ‘ Don’t Organizations: Georgia CNN, CNN, Bloomberg, Getty, Republican, Dalton , Georgia CNN, GOP, Republican Gov, Biden, Trump, Oakwood Locations: Georgia, That’s, Dalton, Qcells, Dalton , Georgia, United States, Trump, Cartersville , Georgia, Atlanta
AdvertisementOn her brief stint on 'The OC' and the biggest takeaway from her breakout role on 'The Secret Life of the American Teenager'Daren Kagasoff and Shailene Woodley in "The Secret Life of the American Teenager." It wasn't until I was a little bit older that I was like, "Oh, damn, that was a pretty big deal. Another movie that's a touchstone of your career is the "Divergent" series. AdvertisementThe final movie in that franchise never materialized and there were different stages of development of a TV movie and spinoff series. AdvertisementYou've said before that you were interested in coming back as Jane in a potential third season of "Big Little Lies."
Persons: Shailene Woodley, who's, Gia, Lisa Taddeo's, Taddeo, Woodley, it's, Zoom, Lisa, George Clooney, Andrew Garfield, she'd, Tris, Randy Holmes, Mischa Barton's, Kaitlin Cooper, Ben McKenzie, You've, , I've, George Clooney's, Clooney, Gareth Cattermole, George, he's George Clooney, Molly Ringwald, Ashley Judd, Kate Winslet, It's, Alexander, Payne, didn't, Mary Jane Watson, hasn't, Mary Jane, Andrew, Garfield, I'm, Abrams, Jane, Reese, Nicole Organizations: Woodley, Business, American, Disney, Entertainment, Getty, BFI, Bobby Bank, Rey, Starz Locations: America, Star
Eric Adams was indicted on 5 criminal charges but denies wrongdoing in language that mirrors Trump. AdvertisementNew York City Mayor Eric Adams' indictment may be unprecedented, but his rhetoric isn't. In his staunch denial of any wrongdoing, Adams is sounding eerily similar to another politician: former President Donald Trump. AdvertisementBeyond painting themselves a victim or "target," Trump and Adams struck a similar tone another topic: immigration. At a press conference in New York City on Thursday afternoon, Trump defended Adams and praised the mayor's immigration stance.
Persons: Eric Adams, Biden, Trump, Adams, , Donald Trump, Roy Cohn, he's, He's, Fani Willis, Jack Smith, Joe Biden, Harris, Kathy Hochul, Democratic National Convention . Sen, Mark Kelly, Kamala Harris Organizations: Service, York City, Democrat, Mansion, Biden, Democratic National Convention . Locations: York, Turkish, Fulton County, New York City
Mark Cuban says Trump has turned the Republican Party into his own "family business." AdvertisementMark Cuban said former President Donald Trump has made the Republican Party his "family business." The former president has five children — Donald Trump Jr., Ivanka Trump, Eric Trump, Tiffany Trump, and Barron Trump. Lara Trump is a former TV news producer and has been a fixture in her father-in-law's political career. Cuban and representatives of Trump didn't immediately respond to a request for comment from Business Insider, sent outside business hours.
Persons: Mark Cuban, Trump, Kamala Harris, , Donald Trump, CNBC's, Cuban, David Tepper, Gary Gensler, Tepper, Gensler, we've, — Donald Trump Jr, Ivanka Trump, Eric Trump, Tiffany Trump, Barron Trump, Jared Kushner, Lara Trump —, Eric —, Lara Trump, Lara, MAGA, Donald Trump Jr, who's, Barron, Ross, Westcott, John Deere, Brian Tyler Cohen, Joe Biden, Harris Organizations: Republican Party, CNBC, Cuban, Service, GOP, SEC, Republican National, RNC, Trump, Team Publishing, Gen, Trump . Cuban, Democratic, Axios, Business Locations: Cuban, Mexico, American, Silicon
But some tech analysts contend people are most interested in truly wearable tech, like Orion. Quest is limiting because of its bulk — and Orion AR glasses are an improvement, the analysts said. Some said they're persuaded that augmented-reality wearable glasses like Orion have more potential than mixed-reality headsets, like the bulky Quest. Meta's Quest, pictured in May, doesn't have as much potential as its new Orion glasses, some analysts say. AdvertisementHe said that's why he likes Zuckerberg's vision of more easily wearable tech, like Orion.
Persons: , Mark Zuckerberg, they're, Zuckerberg, Gene Munster, Munster, doesn't, It'll, Justin Post, Meta hasn't, Ben Thompson, Andrew Bosworth, Orion Organizations: Meta, Service, Orion, Quest, Deepwater Asset Management, Munster, Orion . Bank of America Locations: Orion .
CNN —US Defense Secretary Lloyd Austin warned Friday of “devastating” consequences if Israel engages in an all-out war with Hezbollah, telling CNN in an exclusive interview that casualties would “equal or exceed” the number in Gaza. “An all-out war between Lebanese, Hezbollah and Israel would be devastating for both Lebanon and Israel. And again, we anticipate that we’d see a number of people displaced, casualties that, you know, equal or exceed what we’ve seen in Gaza,” Austin told CNN’s Wolf Blitzer. Asked by Blitzer if continued US aid to Israel undermines Washington’s efforts to secure a ceasefire in Lebanon, Austin on Friday reiterated the long-standing alliance. “We’ve been clear from the very beginning that that we’re going to support Israel in its efforts to defend itself,” Austin said.
Persons: Lloyd Austin, Israel, ” Austin, CNN’s Wolf Blitzer, , Benjamin Netanyahu, ” Netanyahu, Biden, Blitzer, “ We’ve, , Austin, Volodymyr Zelensky, Joe Biden, Kamala Harris, Donald Trump, Trump Organizations: CNN, US, United Nations, Hezbollah, Ukraine, Army Tactical Missile Systems Locations: Gaza, Lebanese, Israel, Lebanon, Iran, , Austin, Washington, Ukraine, Russia
OpenAI CFO Sarah Friar emailed investors the day after three top execs suddenly left, per CNBC. Friar sought to soothe investor worries, saying the firm is still "laser-focused" on AI that can bring them returns. AdvertisementOpenAI's chief financial officer, Sarah Friar, is trying to assure investors that the company is still in good hands despite the sudden exit of three top executives, according to an email reported by CNBC. The outlet's Kate Rooney cited an email from Friar to OpenAI investors on Thursday night, a day after the firm saw the departure of its chief technology officer, Mira Murati. Murati, McGrew, and Zoph left OpenAI just a month after other top leaders stepped away from the company in August.
Persons: Sarah Friar, execs, Friar, OpenAI, , Kate Rooney, Mira Murati, Barret Zoph, Bob McGrew, helming Nextdoor, nix, Sam Altman, Zoph Organizations: CNBC, Service, Research, Post, Bloomberg, Business Insider Locations: OpenAI
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