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☆ CNBC Daily Open: Headwinds from Middle East, tailwinds from China
▼ + stars: | 2024-10-03 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +3 min

Qilai Shen | Bloomberg | 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. Headwinds blowing from Middle East might have been tempered by optimism in China. Lifted by Beijing's recent announcement of economic stimulus, Chinese stocks have been on a tear. That's caused U.S. exchange-traded funds that track Chinese stocks to rally, helping to keep the U.S. market afloat amid worries over the escalating Middle East conflict.

Persons: Qilai Shen, –, That's, Ryan Grabinski, CNBC's Hakyung Kim, Yun Li, Alex Harring, Samantha Subin Organizations: Chanel SA, Bloomberg, Getty, CNBC, European Union, Dow Jones, Nasdaq, Strategas Securities Locations: Nanjing, Shanghai, China, U.S, Taiwan, India

☆ A woman’s house collapsed into floodwaters. Meet the man who saved her life
▼ + stars: | 2024-10-03 | by ( Samantha Lindell | ) edition.cnn.com time to read: 1 min

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☆ OpenAI's chairman says AI is in a bubble — but one that could be wildly lucrative
▼ + stars: | 2024-10-03 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +4 min

The AI bubble, Taylor said, will be similar to the dot-com bubble in the late 1990s. AdvertisementThe buzz surrounding AI may echo the exuberance and excesses of the dot-com bubble in the late 1990s, OpenAI chairman Bret Taylor said in a podcast that aired on Wednesday. "I think the AI bubble will rhyme with the dot-com bubble and I believe with the benefit of hindsight, most of the excess of the dot-com bubble might have been justified," Taylor added. Most of today's leading tech companies like Amazon and Google, Taylor said, were started during the dot-com bubble. Advertisement"A huge percentage of the gains in the stock market over the past 30 years have more or less been these digital companies created in the dot-com bubble," Taylor said.

Persons: Bret Taylor, Sam Altman's, Taylor, Harry Stebbings, —, Sam Altman, Mark Twain, Stebbings, Elon Musk, Goldman Sachs, Jim Covello, hasn't, We’ve, Elon, Musk Organizations: OpenAI's, Service, Google, Business Insider, Stanford, Facebook, Elon Locations: OpenAI, Silicon Valley

WASHINGTON — A group of national security experts led by Cabinet members from the Trump administration endorsed former President Donald Trump on Wednesday, citing his foreign policy record and calling him "a peacemaker." The group, organized by former Trump national security adviser Robert O'Brien and former National Security Council chief of staff Alex Gray, wrote in a letter that "securing peace" is "the legacy of Trump." The letter comes amid an escalating conflict in the Middle East between Iran and Israel, as well as Russia's war in Ukraine. "The policies of the Biden-Harris Administration have invited conflict, diminished America’s standing around the globe, and imperiled our national security," the letter says. The signers do not include Trump's first secretary of state, Rex Tillerson, or his secretaries of defense, James Mattis and Mark Esper.

Persons: WASHINGTON, Trump, Donald Trump, Robert O'Brien, Alex Gray, Nikki Haley, Mike Pompeo, Steven Mnuchin, John Ratcliffe, Jack Smith, William Barr, Barr, Joe Biden, Kamala Harris, Harris, America’s, ”, Trump's, Rex Tillerson, James Mattis, Mark Esper Organizations: Cabinet, Trump, National Security Council, Republican, National Intelligence, Prosecutors, PBS, Biden, Harris Administration Locations: East, Iran, Israel, Ukraine, Russia

The Biden administration has announced it is planning to deploy dozens of ground-based Starlink devices that connect with satellites to provide internet services to remote areas. “Since the Hurricane Helene disaster, SpaceX has sent as many Starlink terminals as possible to help areas in need,” Musk wrote on X Tuesday. “Earlier today, @realDonaldTrump alerted me to additional people who need Starlink Internet in North Carolina. In addition to Starlink and SpaceX, Musk also owns Tesla and X, formerly Twitter — and he has bragged about the power he now exerts. “Between Tesla, Starlink & Twitter, I may have more real-time global economic data in one head than anyone ever,” Musk posted on X last year.

Persons: Hurricane Helene, Biden, Elon Musk, Donald Trump, Joe Biden, Kamala Harris, Musk, Starlinks, Trump, ” Musk, ” It’s, ” Organizations: SpaceX, Federal Emergency Management Agency, Trump, Hurricane, Russian, Pentagon, Chinese Communist Party, CNN, Institute for National Defense and Security Research, Times, U.S ., NASA, Twitter Locations: Appalachia, Hurricane, North Carolina, “, Ukrainian, Sevastopol, ”, U.S, Ukraine, Taiwan, China, Washington

☆ Why the Harris campaign has been aggressively courting Filipino Americans in Nevada
▼ + stars: | 2024-10-02 | by ( Kimmy Yam | Kimmy Yam Is A Reporter For Nbc Asian America. | ) www.nbcnews.com time to read: +6 min

“Pinoy Pride” slogans, meals with community members, in-language ads and recruiting Filipino Americans for the campaign. With just over a month before the election, Vice President Kamala Harris’ campaign has been courting a group of Asian American voters, Filipino Americans, that may play a decisive role in the crucial swing state of Nevada. While Asian Americans make up almost 12% of Nevada’s electorate, well over the previous margin of victory, Filipino Americans constitute by far the largest ethnic group in that demographic. The ad blitz follows several other efforts made in the past few months to mobilize the Asian American community. With a month to go, Abby Herrera, a 19-year-old Filipino American organizer with grassroots nonprofit One APIA Nevada, said more can always be done to attract Filipino American voters.

Persons: Kamala Harris ’, Harris, “, ”, Assemblywoman Erica Mosca, Abby Herrera, Bacon, Labor Julie Su, we’re, ’ ” Mosca, “ We’re, Team Trump, Halee Dobbins, Rozita Lee, Mosca, ” Mosca, Kamala Harris, Donald Trump, Herrera, ” Herrera Organizations: Asian American, Democratic candidate’s, American, “ Pinoy, shouldn’t, Pinoy Pride, Biden, Labor, Nevada Democrats, Southwest, Trump, Pacific, Republican National, NBC News, “, Team, Pacific Islanders, Philippine Times of, Asian, Las Locations: Nevada, Las Vegas, Pacific Islander, “ In Nevada, Hawaii, California, Hawaiians, Philippine Times of Southern Nevada, APIA Nevada

☆ Daniel Day-Lewis officially ends retirement from acting for son’s film ‘Anemone’
▼ + stars: | 2024-10-02 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Variety-Live-Blog-Byline-Image.Png | ) www.nbcnews.com time to read: +3 min

Daniel Day-Lewis, widely considered one of the greatest actors of his generation, is emerging from retirement after seven years away from the big screen. He’s starring in Focus Features and Plan B’s upcoming film “Anemone,” which marks the directorial debut of his son, Ronan Day-Lewis. Daniel Day-Lewis and Ronan Day-Lewis co-wrote the film, described as an exploration of the intricate relationships between fathers, sons and brothers as well as the “dynamics of familial bonds.” Daniel Day-Lewis will lead the cast of “Anemone” his first acting gig since 2017’s “Phantom Thread,” alongside Sean Bean, Samantha Morton, Samuel Bottomley and Safia Oakley-Green. “We could not be more excited to partner with a brilliant visual artist in Ronan Day-Lewis on his first feature film alongside Daniel Day-Lewis as his creative collaborator,” Focus Features chairman Peter Kujawski said in a statement. “I knew it was uncharacteristic to put out a statement,” Daniel Day-Lewis said.

Persons: Daniel Day, Lewis, Ronan Day, ” Daniel Day, Sean Bean, Samantha Morton, Samuel Bottomley, Safia Oakley, Peter Kujawski, “, ”, Ben Fordesman, Jane Petrie, Chris Oddy, Steven Spielberg’s “, ” Paul Thomas Anderson’s “, Jim Sheridan’s “, ” He’s, Martin Scorsese, ” Scorsese Organizations: Focus, “, National Board Locations: Hong Kong, New York City, Los Angeles, Steven Spielberg’s “ Lincoln, York

Bertha Mendoza made a final call to her husband of 38 years as raging Hurricane Helene floodwaters trapped her and others at a Tennessee plastics plant. In a call to her husband, Elias Mendoza, Bertha, 56, said she loved him, her son Guillermo Mendoza told NBC News. Meanwhile, survivors lashed out at the company for failing to warn workers and making them go to work that day. Fernando Ruiz, the son of Lidia Verdugo, one of the plant workers, confirmed to NBC News that his mother had died. ... It’s about more than just providing Spanish fliers or interpretation but having specific outreach efforts to the community.”At an afternoon news conference, Tennessee Gov.

Persons: Bertha Mendoza, Elias Mendoza, Bertha, Guillermo Mendoza, ”, Mendoza, Hurricane Helene, Saul Young, Robbie Jarvis, “, ” Jarvis, Helene, Fernando Ruiz, Lidia Verdugo, we've, Myron Jones, Lisa Sherman Luna, Bill Lee, Lee, Jacob Ingram, ” Guillermo Mendoza, Araceli Mendoza, Ingram, ” Mendoza, Francisco Javier Guerrero, Rosa Andrade Reynoso Organizations: Workers, NBC, First Baptist Church, Erwin, News Sentinel, USA, Network, Impact Plastics, Authorities, NBC News, Tennessee, Hazard Incident Management, Refugee Rights Coalition, Tennessee Gov, Tennessee Bureau of, Knoxville News Sentinel Locations: Tennessee, Erwin, Riverview, Tenn, Hurricane, Michoacán, Mexico, Knoxville

It should be a proportional response,” Biden told reporters Wednesday following a virtual call with leaders from the Group of 7 industrialized nations. The administration currently assesses it’s unlikely Israel would target Iran’s nuclear sites, though one senior official said Israel still hasn’t decided on where it might strike. Biden said Wednesday he does not support an Israeli attack on Iranian nuclear facilities. “The answer is no,” he responded when questioned about the prospect of Israel launching a retaliatory strike on sites related to Iran’s nuclear program. “Iran is a destabilizing, dangerous force in the Middle East, and today’s attack on Israel only further demonstrates that fact.”

Persons: Joe Biden, Israel, Biden, “, ‘, ’, Benjamin Netanyahu, ”, Netanyahu “, Kurt Campbell, ” Campbell, ” Biden, hasn’t, Netanyahu, Antony Blinken, Hashanah, Kamala Harris —, —, Harris Organizations: CNN, Israeli, Hamas, West Bank, Hezbollah, Democratic Locations: Israel, retaliating, Iran, Lebanon, “ Iran, Gaza, United States, Isfahan

☆ Stock market typically cools off in October following a really strong third quarter
▼ + stars: | 2024-10-02 | by ( Sarah Min | ) www.cnbc.com time to read: +2 min

The stock market typically cools off in October following a really strong third quarter, but any weakness could prove to be a potential buying opportunity for year-end, according to Piper Sandler. On Tuesday, the first day of the month , the Dow Jones Industrial Average and the S & P 500 fell, while the Nasdaq Composite dropped more than 1%. Those losses come after the S & P 500 advanced 5.5% in the three months ended September. Since 1928, following the 34 instances when third-quarter returns were greater than 5%, the S & P 500 then slid 1% on average in October, the technician said. .SPX 1M mountain S & P 500 Many investors agree that the bias into year-end is to the upside, after some near-term seasonal weakness.

Persons: Piper Sandler, Stocks, Hurricane Helene spooked, Craig W, Johnson, Tom Lee, we've, Lee Organizations: Dow Jones Industrial, Nasdaq, Fundstrat Global Advisors Locations: U.S, Hurricane

For a decade, Elon Musk has championed the idea that one day Tesla cars will drive themselves as robotaxis. In the decade that Musk has promised driverless vehicles, competitors have made them. Alphabet -owned Waymo already operates a commercial robotaxi service in several U.S. cities, surpassing 100,000 paid rides per week as of August. Amazon -owned Zoox began testing rides for employees in February 2023 with ambitions to launch its own robotaxi service. Watch the video to see the road Tesla has taken to realizing its robotaxi ambitions.

Persons: Elon Musk, Musk, Zoox, Raymond James Organizations: Baidu, U.S, EV, Tesla Locations: China

☆ The Gap comeback that might actually be working
▼ + stars: | 2024-10-02 | by ( Cathleen Chen | ) edition.cnn.com time to read: +21 min

Designer Zac Posen — now creative director at Gap Inc., at the Vanity Fair Oscar party in March 2024. Danny Moloshok/ReutersSince 2014, the Gap brand has nearly halved its presence in North America, going from 968 stores in the market to 472 as of February. It makes up about 20% of overall Gap Inc. revenue, while Old Navy accounts for more than half. Before Gap, Posen was on track for a similar trajectory to Mizrahi’s. They started by redefining the positioning of each brand: Gap as a pop culture brand.

Persons: CNN — Zac Posen, Richard Dickson, Posen, Donald, Doris Fisher, Mickey Drexler, Drexler, Uniqlo, Zac Posen —, Danny Moloshok, Sonia Syngal, Dickson, Barbie, Troye Sivan, Da’vine Joy, Anne Hathaway, ” Posen, won’t, Zac, Isaac Mizrahi, ”, Gabriella Santaniello, Mizrahi, Zac Born, Saint Ann’s, Lola Schnabel, Julian Schnabel, Lena Dunham, Nicole Miller, Naomi Campbell, Grimm, —, Da'Vine Joy Randolph —, Jamie McCarthy, Yucaipa, Ron Burkle, Sean Combs, Zac Posen, Neiman Marcus —, Zac Posen — that’s, Zac Posen’s, it’s, Paco Rabanne, Patrick Robinson, Ye, Julie Gilhart, Gilhart, ” Dickson, Bernadette Peters, “, Harrison Ball, Ryan Murphy, ’ ”, TJ Maxx, Kennedy, Anne Hathway, Pietro S, Robert, William Fisher, didn’t, Mark Breitbard, Horacio Barbeito, Chris Blakeslee, Goodman, Stephanie Keith, Da’Vine Joy Randolph’s, Sivan, Hathaway, Julia Fox, influencer, Lee Peterson, hasn’t Organizations: The, Fashion, CNN, Old Navy, Inc, New Yorker, Gap Inc, Navy, Banana, Reuters, Mattel, Hollywood, Xcel Brands, QVC, Saint, Metropolitan Museum of Art, Central Saint Martins, New York Times, Centric Brands, Barneys, New York City Ballet, Swans, Disney, rockstar, Old, America ., Collins Group, Vogue, Bloomberg, Council of Fashion Designers of America, New York, Dôen Locations: Posen, San Francisco Bay, New, Banana Republic, Athleta, San Francisco, Oxford, Zara, North America, Asia, China, Republic, New York City, American, London, Bloomsbury, Balthazar, SoHo, Rome, Italy, New York, America, America . Banana

OpenAI's $6.6 billion funding raise attracted some big names across the industry. The $6.6 billion round gave OpenAI a $157 billion post-money valuation and minted it into one of the most valuable startups in the world. MicrosoftMicrosoft invested a little under $1 billion into OpenAI's latest funding round, according to The Wall Street Journal report. FidelityFidelity also participated in OpenAI's latest funding round. AdvertisementAltimeter Capital ManagementAltimeter Capital Management also contributed to OpenAI's latest funding round, according to reports.

Persons: —, Sam Altman, OpenAI, Here's, Anderson Cooper, Josh Kushner, Instagram, Kushner, Altman, josh, SoftBank, Masayoshi Son, Son, Marco Bello, Wood, Morningstar, Bing, Jensen Huang, Sam Yeh, Elon Musk's, Brad Gerstner, Gerstner, Vinod Khosla, Vaughn Ridley, Khosla, MGX Organizations: Service, Allen & Company Sun Valley Conference, Getty, Capital, Business, VC, Wall Street, Reuters, Vision Fund, Venture, ARK Invest, ARK Venture Fund, SpaceX, Microsoft Microsoft, Wall, Rival Apple, Microsoft, Nvidia Nvidia, Nvidia, Tiger Global Management, Fidelity Fidelity, Elon, Elon Musk's xAI, Fidelity, Capital Management, . Khosla, Getty Khosla Ventures, Sun Microsystems, United Arab, Bloomberg Locations: OpenAI, Silicon Valley, OpenAI ., Tokyo, Saudi, ARK, AFP, IPOs, America, United Arab Emirates

☆ Tesla stock slips after EV maker misses estimates on deliveries
▼ + stars: | 2024-10-02 | by ( Lora Kolodny | In Lorakolodny | ) www.cnbc.com time to read: +3 min

In the year-ago period , Tesla reported 435,059 deliveries and production of 430,488 EVs. Last quarter, the company reported 443,956 deliveries, and production of 410,831 vehicles. Deliveries are not defined in Tesla's financial disclosures, but are the closest approximation to units sold reported by the company. Analysts were expecting deliveries of 463,310 in the period ended Sept. 30, according to estimates compiled by FactSet StreetAccount. Tesla posted its third-quarter vehicle production and deliveries report on Wednesday.

Persons: Tesla, Li Auto, FactSet StreetAccount, Ford, Tesla hasn't, Elon Musk, Donald Trump, Musk Organizations: Li, Tesla, EV, Ford, General Motors, GM, Nasdaq, Hyundai Locations: China, Seattle , Washington, US, U.S

☆ The U.S. VP Debate adds value as the last debate of this election cycle: Analyst
▼ + stars: | 2024-10-02 | 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 EmailThe U.S. VP Debate adds value as the last debate of this election cycle: AnalystEd Lee III, former Senior Director of the Alben W. Barkley Forum for Debate, Deliberation, and Dialogue highlights the importance and significance of the US Vice Presidential Debate.

Persons: Ed Lee III Organizations: U.S, Barkley, US

☆ The US economy teeters after it's hit by a triple threat: Middle East escalation, port closures, and Hurricane Helene
▼ + stars: | 2024-10-02 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +7 min

A dockworkers strike begins. Back in the States, a dockworkers strike could upend an economy finally on the mend. Tuesday morning marked the start of a dockworkers strike that will shutter dozens of US ports that handle about half of all US ocean imports. The Iranian attack was largely thwarted, and the dockworkers strike could be short-lived. That's thanks in part to strong demand in China.

Persons: —, JD Vance, Tim Walz, BI's Brent D, Griffiths, Amir Cohen, Hurricane Helene, it's, Tyler, Paul Podolsky, Kate Capital, Samantha Lee Musk, Jenny Chang, Rodriguez Hey Airbnb, Gen Z, somethings, Critics —, Amazon's, Nicholas Bloom, Eric Adams, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, Milan Sehmbi, Amanda Yen Organizations: Business, Service, Midwest Nice, REUTERS, US Navy, Bank of America, Northwestern Energy, Bridgewater Associates, Samantha Lee Musk &, mojo, DOJ, Google, BI, Amazon, Stanford, New York City Locations: Israel, Iran, Saudi Arabia, States, Bridgewater, China, Yale, New York, London

☆ China property stocks surge to highest levels in a year as stimulus rally continues
▼ + stars: | 2024-10-02 | by ( Lee Ying Shan | In Ying-Shan-Lee | ) www.cnbc.com time to read: +1 min

SHENZHEN, CHINA - MARCH 09: View of high commercial and residential buildings on March 9, 2016 in Shenzhen, China. General economic slowdown continues in China while the property price and stock bubble faces risk. (Photo by Zhong Zhi/Getty Images)Shares of most Hong Kong-listed Chinese property stocks surged to their highest levels in over a year, as China's stimulus rally continues. The real estate sector was the biggest gainer in the Hang Seng Index , with Longfor Group Holdings being the top mover, adding over 25%. The wider Hang Seng Index added 6%, while the Hang Seng Mainland Properties Index surged over 14%.

Persons: Zhong Zhi Organizations: Longfor Group Holdings, Shimao, Kaisa, China Overseas Land & Investment, Hang Lung Properties, China Resources Land, Mainland Properties, Golden Locations: SHENZHEN, CHINA, Shenzhen, China, Hong Kong

☆ NFL Week 4 takeaways: Are Commanders Super Bowl contenders with star rookie QB? Will injuries catch up with Chiefs? Time to worry in Philly?
▼ + stars: | 2024-10-02 | by ( Ben Morse | ) edition.cnn.com time to read: +18 min

Matt Slocum/AP Kansas City Chiefs quarterback Patrick Mahomes runs the ball against Cincinnati Bengals cornerback Dax Hill during the Chiefs' 26-25 victory in Kansas City, Missouri, on Sunday, September 15. Ken Blaze/USA Today Sports/Reuters Washington Commanders running back Brian Robinson Jr. breaks a tackle from Tampa Bay Buccaneers linebacker K.J. David Banks/USA Today Sports/Reuters Rhamondre Stevenson of the New England Patriots runs the ball against Cincinnati Bengals defenders in Cincinnati on September 8. Ed Zurga/AP Kansas City Chiefs quarterback Patrick Mahomes scrambles during the game against the Baltimore Ravens in Kansas City, Missouri, on September 5. Just looking at the results, it’s been a near perfect start for the Kansas City Chiefs.

Persons: Jayden Daniels, Christian Petersen, Tremon Smith, Greg Zuerlein, Seth Wenig, Ja'Tavion Sanders, Germaine Pratt, Grant Halverson, Eric Murray, Trevor Lawrence, Eric Gay, George Kittle, Jed Jacobsohn, Darius Slayton, Eric Kendricks, Brad Penner, Reuters Damar Hamlin, Bryan M, Bennett, Sam Darnold, Johnny Mundt, Stephen Maturen, Calvin Austin III, Brandon Sloter, John Amis, Aaron Jones, Stacy Bengs, Dak Prescotts, Cooper Neill, Allen Lazard, Alex Austin, Darnell Mooney, Matt Slocum, Patrick Mahomes, Dax Hill, Jay Biggerstaff, Deebo Samuel Sr, Camryn Bynum, Ivan Pace Jr, Abbie Parr, Alvin Kamara, Kamara, Tim Heitman, Tua Tagovailoa, Tagovailoa, Jasen, Aaron Rodgers, Rodgers, Caroline Brehman, Shutterstock, Dak Prescott, Prescott, Ken Blaze, Brian Robinson Jr, K.J, Britt, Nathan Ray Seebeck, Jaylen Waddle, Hill, Stephanie V, Daniels, Al Diaz, Justin Fields, Danny Karnik, Okonkwo, Tyrique Stevenson, David Banks, Reuters Rhamondre Stevenson, Jason Mowry, Andrew Van Ginkel, Vincent Carchietta, Rebecca Blackwell, Khalil Shakir, Justin Jones, Jordan Love, Brooke Sutton, São Paulo, South America Kirby Lee, Taylor Swift, Travis Kelce, Reed Hoffmann, Isaiah, Ed Zurga, Patrick Mahomes scrambles, Charlie Riedel, skillset, –, Kliff Kingsbury, Daniels ’, Robert Griffin III, Daniels wasn’t, “, ’ ” Daniels, it’s, Vince Lombardi, Marquise Brown, Brown, Isiah Pacheco, Rashee Rice, Ian Rapoport, Rice, Ashley Landis, Mahomes, ”, Travis, that’s, Nick Sirianni, Saquon Barkley, AJ Brown, DeVonta Smith, Vic Fangio, Jalen, Mike Ehrmann, ” Sirianni, “ We’re Organizations: CNN, National Football League, Washington, Arizona Cardinals, Getty Images Denver Broncos, New York Jets, Broncos, AP Carolina Panthers, Cincinnati Bengals, Bengals, Panthers, Getty Images Houston Texans, Jacksonville, Texans, AP San Francisco 49ers, 49ers, New England Patriots, AP New York Giants, Dallas Cowboys, Giants, Cowboys, USA, Sports, Reuters, Buffalo Bills, Jacksonville Jaguars, Getty Images Minnesota Vikings, Vikings, Houston Texans, Getty Images Pittsburgh Steelers, Steelers, Los Angeles Chargers, Green Bay Packers, Packers, Tennessee Titans, AP Minnesota Vikings, AP Dallas Cowboys, Baltimore Ravens, The Jets, Reuters Atlanta Falcons, Philadelphia Eagles, AP Kansas City Chiefs, Chiefs, Super Bowl, Reuters San Francisco 49ers, Minnesota Vikings, AP New Orleans Saints, Reuters Miami Dolphins, Reuters New York Jets, San Francisco 49ers, AP Los Angeles Chargers, Las Vegas Raiders, Shutterstock Dallas Cowboys, Cleveland Browns, NFL, Reuters Washington, Tampa Bay Buccaneers, Buccaneers, Dade Police, Miami Herald, Tribune, Service, Atlanta Falcons, Falcons, AP Tennessee Titans, Chicago Bears, Titans, Bears, Patriots, New York Giants, AP Buffalo Bills, Bills, São Paulo, The Eagles, Getty, Neo, Kansas City Chiefs, AP Baltimore Ravens, Arrowhead, Super, NFC, Cardinals, New Orleans Saints, Chargers, Mahomes, Bowl, New, Eagles, Saints, Bucs, Atlanta Falcons Cincinnati Bengals, Carolina Panthers Los Angeles Rams, Chicago Bears Minnesota Vikings, Green Bay Packers Jacksonville Jaguars, Houston Texans Pittsburgh Steelers, Indianapolis Colts Denver Broncos, New York Jets Philadelphia Eagles, Tampa Bay Buccaneers Washington, Arizona Cardinals New England Patriots, San Francisco 49ers Kansas City Chiefs, Los Angeles Chargers Cleveland Browns, Las Vegas Raiders Buffalo Bills, Baltimore Ravens Monday Tennessee Titans, Miami Dolphins Seattle Seahawks, Detroit Lions Locations: Glendale , Arizona, East Rutherford , New Jersey, Charlotte , North Carolina, Houston, Santa Clara , California, Orchard Park , New York, Minneapolis, Pittsburgh, Nashville, Arlington , Texas, Philadelphia, Kansas City , Missouri, Miami Gardens , Florida, Inglewood , California, Cleveland, Tampa , Florida, Miami, Atlanta, Chicago, Cincinnati, São, South America, New Orleans, Arizona, Washington, , Kansas, Kansas, Philly, Brazil, City

☆ Young Chinese are 'retiring' in the countryside as China's unemployment woes grate
▼ + stars: | 2024-10-02 | by ( Lee Ying Shan | In Ying-Shan-Lee | ) www.cnbc.com time to read: +6 min

Vcg | Visual China Group | Getty ImagesFed up with China's employment situation, young people on the mainland are retreating to the countryside. China's youth unemployment rate in August hit a new record of 18.8%, the highest since the new system of record-keeping began in December. Young Chinese transplanting rice seedlings in a field. Vcg | Visual China Group | Getty ImagesBut China's young "retirees" have pushed back against criticism that they are too picky or have given up. Such accusations, while unfair, are understandable in Chinese societal culture and context, said Hang Seng Bank China's Wang.

Persons: Gen, Wenzi Dada, Chung Chi, Chung Chi Nien, That's, Chung, Dan Wang, Wang, Keyu Jin, Wenzi, Gen Z Organizations: Visual China, Getty, CNBC, Hong Kong Polytechnic University, Hang Seng Bank, London School of Economics, Hang Seng Locations: Chongqing, China, Guizhou, Wenzi, Yunnan, Sichuan —, Shanghai, Hang Seng Bank China

☆ Cathie Wood's Ark is doubling down on OpenAI with at least $250 million in its new funding round
▼ + stars: | 2024-10-02 | by ( Melia Russell | Ben Bergman | ) www.businessinsider.com time to read: +2 min

Cathie Wood's Ark Venture Fund invested at least $250 million in this new round. OpenAI is now Ark Venture Fund's third-largest holding, accounting for about 5% of its total assets. AdvertisementCathie Wood's Ark Venture Fund has agreed to invest at least $250 million in OpenAI's latest funding round, three people familiar with the round said. OpenAI is now Ark Venture Fund's third-largest holding, accounting for about 5% of the fund's total assets, according to its website. On Wednesday, a retail investor shared a screenshot of what appears to be an email she received from Ark Venture Fund informing her of its new OpenAI investment.

Persons: OpenAI, —, Ark, Musk Organizations: Ark Venture Fund, Ark Venture, Service, Microsoft, Tiger Global, Nvidia, Khosla Ventures, United, United Arab Emirates Locations: Abu Dhabi, United Arab, xAI

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailTesla's decade-long journey to robotaxisFor a decade, Elon Musk has championed the idea that one day Tesla cars will drive themselves as robotaxis. On Oct. 10, Musk is expected to reveal a new vehicle built to operate as a dedicated robotaxi. Despite numerous missed deadlines, investors and fans of the company have held out hope Musk will deliver the robotaxis he's promised. Watch the video for the full story on Tesla's journey to robotaxis to find out if Musk's vision of self-driving Teslas can turn into a reality.

Persons: Elon Musk, Musk, he's

☆ Watch Wednesday's full episode of Fast Money — October 2, 2024
▼ + stars: | 2024-10-02 | 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 EmailWatch Wednesday's full episode of Fast Money — October 2, 2024"Fast Money" is America's post-market show. Hosted by Melissa Lee and a roundtable of top traders, "Fast Money" breaks through the noise of the day, to bring you the actionable news that matters most to investors.

Persons: Melissa Lee

☆ Tesla reversed its sales slowdown, but not enough to calm investors' nerves
▼ + stars: | 2024-10-02 | by ( Graham Rapier | Nora Naughton | ) www.businessinsider.com time to read: +3 min

Tesla reported third-quarter sales on Wednesday. AdvertisementTesla reported third-quarter sales of 462,890 on Wednesday morning, its first quarter-over-quarter gains this year. Analysts had expected 462,000 vehicle deliveries for the period ending September 30. AdvertisementStill, Tesla will have to make monumental increases in the final three months of the year to put 2024's figures ahead of the previous year,Reversing the sales slowdown at Tesla is a much-needed win for Musk's car company. AdvertisementAnd as new vehicle sales fall regardless of powertrain, Musk has touted autonomy as the latest driver of Tesla's growth story and one that investors should pay more attention to than sales.

Persons: Tesla, —, Elon Musk, Dan Ives Organizations: Global EV, Service Locations: Wedbush

☆ Oil watchers now see a real threat of supply disruptions after latest Iran-Israel escalation
▼ + stars: | 2024-10-02 | by ( Lee Ying Shan | In Ying-Shan-Lee | ) www.cnbc.com time to read: +1 min

Oil watchers are now seeing a genuine threat to crude supplies after Iran launched a ballistic missile attack on Israel, escalating conflict in the Middle East. Iranian oil infrastructure may soon become a target for Israel as it considers a countermove, analysts told CNBC. "The Middle East conflict may finally impact oil supply," said Saul Kavonic, senior energy analyst at MST Marquee. "The scope for a material disruption to oil supply is now imminent." Up to 4% of global oil supply is at risk as the conflict now directly envelopes Iran, and an attack or tighter sanctions could send prices to $100 per barrel again, Kavonic added.

Persons: Hassan Nasrallah, Saul Kavonic, Kavonic Organizations: Tuesday, CNBC Locations: Isfahan Refinery, Iran, Isfahan, Israel, East, Iranian, Lebanon, Ukraine

☆ Elon Musk’s X is worth nearly 80% less than when he bought it, Fidelity estimates
▼ + stars: | 2024-10-02 | by ( Matt Egan | ) edition.cnn.com time to read: +4 min

New York CNN —The social media platform formerly known as Twitter is worth almost 80% less than two years ago when Elon Musk bought it, according to estimates from investment giant Fidelity. The new valuation from Fidelity implies that it believes X is now worth just $9.4 billion — a far cry from the $44 billion that Musk paid. Other investors could value X differently. Ives said that he believes Twitter was really worth around $30 billion when Musk bought it, and today it’s worth closer to $15 billion. “When Musk bought Twitter, investors didn’t realize we’d be taking off on AI as fast as we are,” Munster said.

Persons: Elon Musk, ” Dan Ives, Ives, Twitter, Musk, Kantar, White supremacists, dumbest, Similarweb, Gene Munster, doesn’t, ” Munster, Munster, Musk’s, didn’t, we’d, “ Organizations: New, New York CNN, Twitter, Fidelity, Growth, Musk, Wedbush Securities, CNN, Google, Deepwater Asset Management, xAI Locations: New York, United States, X.com

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