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The news from Bloomberg that billionaire Point72 founder and legendary stockpicker Steve Cohen will no longer trade his book for the $35 billion fund Tuesday is paradoxically both shocking and expected. Of the big multi-strategy managers, the fact Cohen was still managing a book set him apart from his main competitors. Will there be another Steve Cohen? Cohen launched SAC with $20 million in 1992; new funds today need exponentially more to justify leaving seats at funds like Point72. Fictional hedge fund manager Bobby Axelrod, played by Damian Lewis, was loosely based on Steve Cohen.
Persons: , Steve Cohen, Cohen, they've, — Cohen, He's, Point72, Ken Griffin, Izzy Englander, Dmitry Balyasny, Steve, he's, it's, Bobby Axelrod, Damian Lewis, Vincent D'Onofrio, Guy Fieri Organizations: Service, SAC Capital, Bloomberg, Business, SAC, MLB, New York Mets, Citadel, Academy, Tiger Cubs, Viking, Wall Street, Showtime, GameStop, Food Locations: Connecticut
Unfortunately, Kamala Harris doesn’t have anything keeping her humble,” said Sanders, the first female governor of Arkansas and Trump’s former White House press secretary. Unfortunately, she doesn’t.”The comments come as the Trump campaign attempts to narrow the gap with Harris among female voters. “That’s the lack of humility Governor Sanders was referencing.”The Harris and Trump campaigns did not respond to requests for comment. Kamala Harris has spent her entire career working for the people, ALL families,” she wrote on social media Tuesday in response to Sanders’ remarks. “When you have no substance, you have to resort to superficiality,” said Donna Brazile, a Harris ally and veteran Democratic political strategist.
Persons: Sarah Huckabee Sanders, Donald Trump, Kamala Harris doesn’t, Sanders, , , Trump, Harris, Trump’s, JD Vance, doesn’t, they’ve, ” Vance, Taylor Swift, Vance, Cat Lady, ” Trump, ” Sam Dubke, ” Dubke, – Cole, Ella Emhoff –, Doug Emhoff, ” Cole Emhoff, Kerstin Emhoff, “ Cole, Ella, Kamala Harris, Sanders ’, Donna Brazile, Brazile, Scott Jennings, ” Jennings, Abby Phillip ”, ” Brian Lanza, Phillip, ” Lanza Organizations: CNN, Arkansas, Trump, White House, Democratic Party, Republican, Biden, Democratic National Convention, Democratic, Republicans, Republican Party Locations: Flint , Michigan, Arkansas, Ohio, Washington, America, Flint
A Delta flight heading to Portland, Oregon, was forced to return to Salt Lake City Airport after failing to pressurize. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Go to newsletter preferences Thanks for signing up! download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementA Delta flight heading for Portland, Oregon was forced to land back at the departing airport on Sunday after the aircraft failed to pressurize, causing injuries to some passengers on board.
Persons: Delta, , Purser Organizations: Airport, Service, Business Locations: Portland , Oregon, Salt Lake
Pop star Demi Lovato is asking her fellow former child stars a tough question: Is the price of fame worth your childhood? In “Child Star,” which debuted Tuesday on Hulu, Lovato interviews fellow celebrities who grew up in the limelight about the highs and lows of fame at a young age. “Child Star” also promises an “intimate look” at child stardom.” Here’s what the actors said about how fame affected them. She also said the amount of work child actors get can depend on how “easy” children and their parents appear. They created a podcast called “Dear Hollywood” analyzing the effect of fame on child development.
Persons: Demi Lovato, Lovato, Drew Barrymore, Christina Ricci, Kenan Thompson, JoJo Siwa, Alyson Stoner, Dan Schneider’s, , Nicola Marsh, “ Barney, ” —, Rock ”, Sonny, ” Lovato, , Demi Lovato’s, Disney Lovato, Nobody, Stoner, Symoné, Thompson, ’ Thompson, Burger, “ Kenan, Kel, “ It’s, ” Thompson, didn’t, Ricci, “ Casper ”, ” Ricci, Cher, Barrymore, “ E.T, Steven Spielberg, ” Barrymore, ” Stoner, Missy Elliott’s, Zack, Cody, Phineas, Ferb, Raven, They’re, ” Siwa, Siwa, JoJo Organizations: Hulu, Kids, Nickelodeon, Apple, Showtime, Disney, Rock, Disney Channel, Protection, , Black Locations: Europe, Omaha , Nebraska
Analysts say don't chase this Intel pop here
  + stars: | 2024-09-17 | by ( Lisa Kailai Han | ) www.cnbc.com   time to read: +2 min
Wall Street analysts are still skeptical on Intel despite its latest moves aimed at righting the ship. Shares of Intel gained more than 3% on Tuesday after the chipmaker said it would turn its foundry business into an independent unit — allowing it to raise outside capital . The analyst added that Intel's plan to establish its foundry business as an independent subsidiary was "expected and not good." "We expect Intel's EPS to be under pressure given its foundry business, which we believe has minimal chance of succeeding," he wrote. Intel shares have lagged the broader semiconductor sector year to date, losing 56% in that time.
Persons: Bernstein, America's Vivek Arya, INTC, Christopher Danely, Intel's Organizations: Intel, Amazon, Bank of America, JPMorgan, Citi, Wells, America's, VanEck Semiconductor Locations: AVGO
With iOS 18, Apple is bringing updates to a wide range of apps and features, including Mail, Photos, iMessage, and Apple Wallet. And while iOS 18 will eventually feature Apple Intelligence features for the iPhone 15 Pro and iPhone 16 lineup, you'll have to wait until October to see those features start rolling out. AdvertisementHere are some of the changes we're most excited about iOS 18. A new home screen designApple iOS 18 lets you customize your home screen wallpaper, app icons, and widgets. Apple Maps is becoming more hiker-friendlyApple Maps will have topographic maps with detailed trail networks and hiking routes with iOS 18.
Persons: , it's, Ronak Shah, You'll, Craig Federighi, Apple Cash, Apple AirPods, Siri, Apple Organizations: Service, Apple, Apple Intelligence, Business, Tapbacks, Google, OpenAI Locations: Siri
Gary Hershorn | Corbis News | Getty ImagesThis report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. What you need to know todayThe bottom lineTechnology stocks benefit the most from low interest rates, conventional market wisdom says. When rates are low, that proposition appears attractive because returns are low elsewhere. This implies investors have been moving out of tech to other sectors that might experience tailwinds amid lower rates.
Persons: Gary Hershorn, Goldman Sachs, Christopher Barto, It's, CNBC's Hakyung Kim, Pia Singh, Yun Li Organizations: Trade Center, Corbis, CNBC, Nvidia, Meta, U.S . Federal, VanEck Semiconductor, Nasdaq, Dow Jones, Fort Pitt Capital Locations: Manhattan, Jersey City , New Jersey
Artificial intelligence is expected to transform the way companies do business, including those in financial planning and investment management. That means financial advisors need to get onboard or risk being left behind. Of course, financial advisors have been using some technology, like financial planning software, for years. Still, AI will help financial advisors do their jobs better — not necessarily put them out of work. What to do Nexus Strategy's Welsh believes financial advisors should begin getting comfortable with current AI capabilities.
Persons: Craig Iskowitz, Anthropic's Claude, Vincent Gudsdorf, Leo Kelly, Verdence, Kelly, Timothy Welsh, Welsh, Iskowitz, That's, Verdence's Kelly, It's Organizations: Ezra Group, AIs
Citi lowered its price target on Micron Technology ahead of earnings. The analyst downgraded the solar photovoltaic system stock to underperform from hold and lowered its price target to $17 per share from $27. The firm upgraded the biotechnology stock to buy from hold and raised its price target to $150 per share from $95. The firm initiated coverage of the personal computing and technology stock with an outperform rating and a $135 per share price target. "Shopify holds a significant advantage in the social ecommerce space, with its breadth of direct social media integrations that are crucial for social ecommerce," Ball added.
Persons: Jefferies downgrades SolarEdge Jefferies, Dushyant Ailani, Brian Evans, BioNTech Jefferies, Jefferies, BioNTech, Akash Tewari, Vijay Rakesh, DELL, — Brian Evans, Dominic Ball, Ball, Shopify, Christopher Danely, Danely, Fred Imbert, ~$ ( ~ $ ~$) Organizations: CNBC, Tuesday, Citi, Micron Technology, Jefferies, BNT327, Mizuho, Dell, Mizuho Securities, Micron, MU Locations: Europe, 2024E, China, Monday's
During Sunday’s debate among six hopefuls, candidate José Luiz Datena, a TV presenter, exploded when opponent Pablo Marçal, a far-right influencer, said Datena was not man enough to hit him as he had previously threatened. Datena had threatened to hit Marçal in a prior debate when Marçal raised a 2019 complaint of sexual harassment against Datena by a coworker. Datena throws a chair at Pablo Marçal (not seen) during a debate on Sunday. A half dozen pollsters announced new surveys to gauge the fallout from Sunday’s debate in the city of 11.5 million people. Pablo Marçal left the debate to seek medical attention after the altercation.
Persons: São Paulo, José Luiz Datena, Pablo Marçal, Datena, Marçal, Ricardo Nunes, Guilherme Boulos, Nunes, pollster, Marina Uezima, , Andre Cesar Organizations: Reuters, Reuters “, NBC Locations: São, Brazil’s, Eurasia
Is TikTok trying to secretly influence Americans at the behest of the Chinese government? And an analysis of the ownership structure of TikTok parent company ByteDance, obtained by NBC News, argues that the company is deeply entangled with some of China’s major government propaganda organs. The most recent one, published last month, found that TikTok suppresses anti-China content compared to YouTube and other social media platforms. In recent years, according to media reports, Chinese government entities have increasingly taken golden shares in technology companies. “This report establishes that TikTok algorithms actively suppress content critical of the Chinese Communist Party (CCP) while simultaneously boosting pro-China propaganda and promoting distracting, irrelevant content,” the researchers wrote.
Persons: , TikTok’s, China —, , TikTok, ” Democratic Sen, Mark Warner, — Casey Blackburn, National Intelligence —, , ByteDance, Blackburn, Strider, ” Strider, Wu Shugang, Organizations: Congress, D.C, Justice Department, NBC News, Network, Research, Rutgers University, YouTube, Department, U.S ., Appeals, District of Columbia, Supreme, Strider Technologies, Communist Party of China, ” Democratic, U.S, of Economic Security, Emerging Technology, National Intelligence, TikTok, Chinese Communist Party, CCP, Net Investment, Technology, Communist Party, China Central Radio, Television Station, Beijing State, Administration, Investment, China’s Ministry of Education Locations: United States, Washington, U.S, China, Tibet, TikTok, People’s Republic of China, Tiananmen, Hong Kong, , Xinjiang, Beijing
Tito Jackson, an original member of the hit-making pop group the Jackson 5, has died, his family confirmed Monday. NBC Los Angeles spoke to a family member who confirmed the death. Jackson was a founding member of the group of five brothers, along with Jackie, Jermaine, Marlon and Michael, who shot to fame in the late 1960s and 1970s with a string of hits. Tito Jackson was nominated for three Grammys and inducted into the Rock and Roll Hall of Fame in 1997 as a member of the Jackson 5. This is a developing story, check back here for updates soon.
Persons: Tito Jackson, Jackson, Jackie, Jermaine, Marlon, Michael Organizations: Jackson, NBC, Hall of Fame Locations: Angeles
Apple released the latest version of its iPhone operating system, iOS 18, on Monday, including several new security and privacy features. The rollout comes a week after Apple unveiled new versions of the iPhone, AirPods and Apple Watch. Here's a rundown of some new security and privacy features and how to access them. A new Passwords app to improve on iCloud keychainApple has created a separate app for storing user passwords. AI privacy protectionsSeparately, Apple will soon be launching Apple Intelligence, an artificial intelligence platform developed by Apple.
Persons: Steve Jobs, Apple, Jodi Daniels, Thorin, Klosowski, Daniels Organizations: Apple, Steve, Apple Watch, Red Clover Advisors, Electronic Frontier Foundation, Apple Vision, Apple Intelligence Locations: Cupertino , California, U.S, Keychain
AP —Tito Jackson, one of the brothers who made up the beloved pop group the Jackson 5, has died at age 70. “It’s with heavy hearts that we announce that our beloved father, Rock & Roll Hall of Famer Tito Jackson, is no longer with us. The Jackson 5 included brothers Jackie, Tito, Jermaine, Marlon and Michael. Born on Oct. 15, 1953, Toriano Adaryll “Tito” Jackson was the least-heard member of the group as a background singer who played guitar. Michael Jackson died at age 50 on June 25, 2009.
Persons: Tito Jackson, Tito, Jackson, Michael, Janet, Roll Hall of Famer Tito Jackson, , TJ, Taryll, Jackie, Jermaine, Marlon, Joe Jackson, Toriano Adaryll, Tito ” Jackson, Pop, Michael Jackson, , “ There’s, that’s, Michael Jackson’s, He’s, We’re, “ Tito, Stevie Wonder, ” Tito Jackson, Randy, Rebbie, Katherine Organizations: Jackson, Roll Hall of Famer, Taj, Roll Hall of Fame, ABC, Associated Press, Entertainment Locations: Gary , Indiana, California, Munich, Germany
One of the country's four masters of wine, Hemming oversees wine programs across Asia for 67 Pall Mall, a private club for wine lovers. Reflecting on his unlikely journey from aspiring actor to wine connoisseur, he shared how he transitioned from managing a wine shop to mastering the complex world of fine wine. As an English literature and theater major in the UK, Hemming initially believed the stage was his calling. But after graduating in 2001, he applied for a job at a wine shop in London. "To even register, you must have a reference from your employer saying that you are working in a wine role," Hemming said, along with a recommendation from another master of wine.
Persons: , Richard Hemming, Shakespeare, Hemming, " Hemming, Jancis Robinson, Grant Ashton Organizations: Service, Business, Spirit Education Trust, Financial Times, North, Masters of, Pall Mall London Locations: Asia, London, Notting, Australia, Europe, Singapore, Pall, Hong Kong
Read previewDonald Trump doesn't like Taylor Swift. "I HATE TAYLOR SWIFT!" Donald Trump said he "hates" Taylor Swift on Truth Social on Sunday. "I signed and was responsible for the Music Modernization Act for Taylor Swift and all other Musical Artists. Related storiesIn August, Trump shared AI-generated images to Truth Social that showed Swift and her fans supporting his campaign.
Persons: , Donald Trump doesn't, Taylor Swift, didn't, Swift, TAYLOR SWIFT, Kamala Harris, Harris, Donald Trump, Trump, Taylor, she'll, he's, Joe Biden, Joe Biden didn't, Crooked Joe Biden, Biden, Melanie Zanona, Mark Burnett, Gareth Cattermole Organizations: Service, Business, Fox & Friends, CNN, Variety, Fox Business, MTV, Trump
Intel CEO Pat Gelsinger holds a sample of a wafer during his keynote speech at the Computex conference in Taipei on June 4, 2024. Intel shares jumped 8% in extended trading Monday after the company said it plans to turn its foundry business into an independent unit with its own board and the potential to raise outside capital. Gelsinger said the restructuring would allow the foundry business to "evaluate independent sources of funding," and comes days after Intel's board met to assess the direction and future of the company. The foundry business, which Intel plans to use to manufacture chips for other customers, has been a big drag on its bottom line, with the company spending roughly $25 billion on it in each of the last two years. With a standalone "operating board" and a cleaner corporate structure, the mechanics of a separation become far easier than trying to turn a fully integrated unit into a separate company.
Persons: Pat Gelsinger, Pat Gelsinger's, Gelsinger Organizations: Intel, Nvidia Locations: Taipei, Altera
More than 4,000 people have descended here for the Future Proof conference , a vast social gathering designed to give younger registered investment advisors and other investment professionals access to what they want. What they want, apparently, is an intense desire to network with other RIAs and investment professionals and find ways to grow their business. Reimagining the financial conference Future Proof is the brainchild of Barry Ritholtz, co-founder, chairman, and chief investment officer of Ritholtz Wealth Management, and CEO Josh Brown. This is the third year for the conference, but Ritholtz and company have been doing conferences for 15 years. Ritholtz describes it as an ongoing project to reinvent the financial conference concept, which he says is "moribund."
Persons: Barry Ritholtz, Josh Brown, Ritholtz, Van Eck, Matt Middleton, Adarsh, Brett Rodgriguez, Delon Mansour, Mansour, Shyamsundar, Harris, Consulting's Brett Rodgriguez, Akash Shah, Shannon Saccocia, Raj Dhanda, Ares Management, John Christmas, RIAs, They'll, Mike Novogratz, Anna Paglia, Bryan Whalen, Saira Malik, Lauren Goodwin, Scott Wapner, DoubleLine Capital's Jeff Gundlach, CNBC's, Jan van Eck, Matt Hougan, DJ Mick, There's, Bob Pisani, Jon Maier, JP Morgan, Pisani, Jan Van Eck, Marlena Lee, That's Organizations: Ritholtz Wealth Management, JPMorgan Chase, Capital Group, Street Global Advisors, Funds, Polaris Capital Management, Graystone Consulting, Investments, Investment, Ares, HPS Investment Partners, Global, Life Investments, Bitwise, Management, Dimensional Fund Advisors Locations: HUNTINGTON BEACH, Calif, Los Angeles, Iowa, California, Huntington Beach, San Diego, Michigan, ETFEdge.cnbc.com
On Friday, Trump told NBC News “I don’t know that much about it. Also on Sunday, Vance once again espoused an unfounded conspiracy theory about Haitian immigrants in Springfield, Ohio, eating pets, disputing claims that the allegations are baseless. “In Springfield, [Ohio], they’re eating the dogs. They’re eating the cats. They’re eating -- they’re eating the pets of the people that live there.
Persons: Ohio GOP Sen, JD Vance, Laura Loomer's, Kamala Harris, Loomer, Harris, Laura, Vance, Donald Trump's, Kristen Welker, Welker, Trump, there’s, ” She’s, Taylor Swift, Travis Kelce, , they’ve, , ” Trump, Don’t, Mike DeWine, Rob, Rue, , DeWine Organizations: Ohio GOP, Sunday, NBC, Republicans, GOP, Radical Left Marxists, Press, Loomer, Trump, Springfield, , Ohio's GOP, CBS Locations: Ohio, Springfield , Ohio, what's, Springfield, Philadelphia, ,
Taylor Swift performs onstage during "Taylor Swift | The Eras Tour" at Wembley Stadium on August 16, 2024 in London, England. Former president Donald Trump lashed out at pop star Taylor Swift on Sunday, less than a week after the musician endorsed Vice President Kamala Harris. "I hate Taylor Swift!," Trump posted in all caps on Truth Social, the website owned by the Trump Media & Technology Group . She also signed the caption as "childless cat lady," a reference to remarks about Democratic women made by Republican vice presidential nominee JD Vance. Trump had previously shared fake artificial intelligence-generated images on social media that showed Swift and her fans supporting him.
Persons: Taylor Swift, Donald Trump, Kamala Harris, Trump, Swift, Harris, JD Vance Organizations: Wembley, Trump Media & Technology, Democratic, Republican Locations: London, England, Vote.gov
Read previewSpotify just announced it's testing a new parental control feature that will allow parents to block explicit lyrics and other content. AdvertisementOn all accounts, it's possible, deep within user settings, to turn off explicit lyrics, which makes songs marked "E" unplayable. It will direct you to the exact toggle switch in Settings to turn explicit content back on. The new parental controls will allow a parent to set this up in a way that kids can't just turn it back off. Related storiesThe new feature allows parents to block or limit the videos on Spotify (including the short looping videos that play over a song).
Persons: , Taylor Swift, you'll, They'll, Gen, I'm Organizations: Service, Spotify, Business, Gen Alpha Locations: Denmark, Sweden, New Zealand
Combs’ attorneys said that the statute of limitations ended in 2007, so the suit should be dismissed. His attorneys also filed a motion to dissolve a temporary restraining order Cardello-Smith recently obtained against him after Combs failed to contest it. A copy of the lawsuit is included in the emergency motion filed Thursday. Mr. Combs looks forward to having this judgment swiftly dismissed.”Cardello-Smith’s criminal history includes convictions for criminal sexual conduct and kidnapping. Combs’ attorneys mentioned those convictions in their response to the judgment.
Persons: Sean “ Diddy ” Combs, Derrick Lee Cardello, Smith, Combs, Anna Marie Anzalone, Cardello, , ” Combs, Marc Agnifilo, , Dawn Richard, Danity Kane, Richard, Combs groped, Cassie, Casandra Ventura, Erica Wolff, Ventura, I’m Organizations: CNN Locations: Michigan, Lenawee, Detroit
SKIP AHEAD What are Grace & Stella Under-Eye Masks? | How I use the Grace & Stella Under-Eye Masks | Why I love the Grace & Stella Under-Eye Masks | The bottom line | Why trust NBC SelectWhat are the Grace & Stella Under-Eye Masks? Beyond the formulas and the mask colors, each type of Grace & Stella under-eye patch is identical. I’ve used all four types of Grace & Stella eye masks, and I don’t notice a difference between them. With that said, I find all Grace & Stella eye masks equally hydrating, so I’m not picky about which type I use from day to day.
Persons: I’m, Grace, Stella, they’re, They’re, moisturizing, Zoe Malin I’ve, I’ll, Stella’s, Zoe Malin, I’ve, Peter Thomas Roth, it’s, TikTok Organizations: NBC, Stella’s, Facebook, Twitter Locations: hydrogel, Iceland
Chad McQueen, son of the legendary actor Steve McQueen who played “Dutch” in “The Karate Kid” film series, died Wednesday in Palm Springs. As a family, we need to navigate this difficult time, and we kindly ask for privacy as we remember and celebrate his extraordinary life.”McQueen is best known for his role as “Dutch” in “The Karate Kid” (1984) and its sequel, “The Karate Kid Part II” (1986). Following in his father’s footsteps, however, McQueen had a successful career in auto racing, his true passion. In 2006, McQueen suffered a near-fatal crash while practicing for the Daytona International Speedway’s Rolex 24 event. Though he eventually pulled through, the crash effectively ended his professional racing career, but he has remained involved in motorsports through his company and other ventures.
Persons: Chad McQueen, Steve McQueen, Jeanie, Chase, Madison, , ” McQueen, Kai, Johnny Lawrence, William “ Billy ” Zabka, Daniel LaRusso, Ralph Macchio, McQueen, Organizations: Dutch, Le, Sebring, McQueen, Rolex Locations: Palm Springs, New Jersey, Los Angeles, Malibu, Madison
Read previewEarlier this week, Kendrick Lamar was confirmed as the headliner for the next Super Bowl halftime show. AdvertisementMany hip-hop fans had hoped that Lousiana native Lil Wayne would be the chosen headliner — a hope that Lil Wayne said he shared. Here's a breakdown of the controversy's key points and everything you need to know about the Lamar vs. Wayne debate. Lil Wayne, Nicki Minaj, and Drake at the 2017 Billboard Music Awards. LIL WAYNE!!!!!!!!!!
Persons: , Kendrick Lamar, Lamar, Drake, Lil Wayne, I'm, Wayne, Lamar hasn't, Critics, Wayne hasn't, Jay, Uzi, Lil Yachty, Ty Dolla, Nicki Minaj, Minaj, Kevin Mazur, Dre, Cam'ron, Wayne —, Nicki, LIL WAYNE, Nola what's, Johnny Nunez, Mike Freeman, Roc, Z, Z's, Joe, Fabolous, Roger Goodells Organizations: Service, Business, Lamar, Future, Metro Boomin, NFL, ign, Young Money Entertainment, Money Records, ppl, SoFi, West, Entertainment, Birdman, Cash, Wayne, BIRDMAN, The Recording, USA, Young, NPR, Jay Locations: New Orleans, Lamar, Los Angeles, Compton , California, City of New Orleans, Atlanta, Las Vegas
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