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☆ Apple hits an all-time high as new smartphone data sides with the bulls in a sea of negativity
▼ + stars: | 2024-10-15 | by ( Morgan Chittum | ) www.cnbc.com time to read: +5 min

Shares hit an all-time high Tuesday despite a chorus of recent concerns from Wall Street analysts about demand for the new artificial intelligence-enabled iPhone 16. Apple Intelligence is the company's new suite of generative artificial intelligence tools due out later this month. Available for preorder now, the tablet has a processor capable of supporting Apple Intelligence. Big picture The IDC data comes as many on Wall Street express skepticism around sales for the new iPhone 16 lineup. Apple CEO Tim Cook inspects the new iPhone 16 during an Apple special event at Apple headquarters on September 09, 2024 in Cupertino, California.

Persons: Morgan Stanley, Apple's, Popal, swoon, Jim Cramer, Jim, Jim Cramer's, Tim Cook, Justin Sullivan Organizations: Apple, Wall Street, International Data Corporation, IDC, Samsung, Apple Intelligence, JPMorgan, Barclays, Bank of America, Club, Nvidia, U.S, CNBC Locations: U.S, Cupertino , California

☆ Video shows one of Taiwan's F-16s tracking a Chinese J-15 fighter jet with its sniper pod during war games
▼ + stars: | 2024-10-15 | by ( Chris Panella | ) www.businessinsider.com time to read: +4 min

A new video shows one of Taiwan's F-16 tracking a Chinese J-15 fighter jet. The "Joint Sword-2024B" drill involved a record number of Chinese aircraft, as well as warships. AdvertisementA new video from Taiwan's response to China's military exercises this week shows a Chinese J-15 carrier-based fighter jet through the sniper pod on an American-made F-16. In the footage, a Taiwanese F-16 uses its sniper pod surveillance system to track a Chinese J-15, presumably from the Chinese carrier that participated in the Chinese drills. Taipei rejects China's claims of sovereignty over it and has consistently worked to bolster Taiwan's military to deter and defend.

Persons: —, Lockheed Martin, URfScDhgdj — Ryan Chan 陳, China's, Lai Ching Organizations: Service, Military News Agency, Ministry of National Defense, Lockheed, China PLA Navy, CAP, Getty, People's Liberation Army, Independence Locations: Taiwan, Taiwanese, Russian, China, Shenyang, Liaoning, Taiwan Strait, Xinhua, People's Republic of China, Republic of China, Beijing, Taipei

☆ ALCS Game 1: New York Yankees power past wild Cleveland Guardians
▼ + stars: | 2024-10-15 | by ( Homero De La Fuente | ) edition.cnn.com time to read: +3 min

Cantillo threw an AL postseason record four wild pitches, two of which allowed runs to score to hand the Yankees a 3-0 advantage. At the end of the day, it’s a team effort and we showed up today.”Yankees pitcher Carlos Rodón throws against the Guardians in Game 1 of the ALCS. Cleveland threatened to make it a game in the top of the eighth, hitting three consecutive singles off Yankees reliever Tim Hill. With the tying run at the plate, Yankees manager Aaron Boone turned to closer Luke Weaver for the last five outs. After allowing a walk in the top of ninth inning, Weaver struck out the next three batters, securing his fourth save of the postseason and the Yankees victory.

Persons: CNN — Juan Soto, Carlos Rodón, Soto, Alex Cobb, Cobb –, –, Aaron Judge, Giancarlo Stanton, Anthony Volpe, Stephen Vogt, Joey Cantillo, Cantillo, ” Soto, “ It’s, it’s, Wendell Cruz, Rodón, Brayan, Rodon’s, “, ” Rodón, Gerrit, Cole, ” Stanton, Cleveland, Tim Hill, Steven Kwan’s grounder, Aaron Boone, Luke Weaver, Weaver, Will Brennan, José Ramírez, Tanner Bibee, Gerrit Cole Organizations: CNN, New York Yankees, Cleveland Guardians, American League, Yankee, New York, Yankees, Guardians, USA, Sports, Reuters, AL, Kansas City Royals, Cleveland Locations: New, Kansas City, Cleveland

☆ Stock futures are little changed after S&P 500 slips from record highs: Live updates
▼ + stars: | 2024-10-15 | by ( Jesse Pound | ) www.cnbc.com time to read: +1 min

Stock futures were calm on Tuesday evening as Wall Street looks to see whether equities can be rebound to record highs this week. Futures tied to the S&P 500 were flat. Nasdaq 100 futures ticked up by less than 0.1%, while Dow Jones Industrial Average futures added just 2 points. The Dow and S&P 500 both slipped from their recent records during Tuesday's regular trading session, falling 0.75% and 0.76%, respectively. Tech stocks – semiconductors, in particular – weighed on the S&P 500 and the Nasdaq.

Persons: Bryn Talkington, Morgan Stanley Organizations: Dow Jones Industrial, Dow, Nasdaq, Tech, Nvidia, Management, UnitedHealth, Abbott Laboratories

☆ Goldman Sachs beats Wall Street forecasts as investment-banking fees surge 20%
▼ + stars: | 2024-10-15 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +3 min

Goldman Sachs reported third-quarter earnings on Tuesday that beat analysts' expectations. The investment bank posted $12.7 billion of revenue and almost $3 billion of net earnings. AdvertisementGoldman Sachs reported third-quarter earnings on Tuesday that beat Wall Street's expectations, sending its stock up as much as 3% in premarket trading. It also cut its operating expenses by 8%, fueling a 45% surge in net income to $2.99 billion. The fee bonanza reflected a sharp increase in net revenues from debt underwriting amid strong leveraged finance and investment-grade activity, and higher net revenues in equity underwriting driven by secondary offerings.

Persons: Goldman Sachs, —, David Solomon, Solomon, Brian Moynihan Organizations: Service, Barclays, General Motors, Bank of America's, Bank of America

☆ PGA Tour of America facing backlash after Ryder Cup day tickets priced at nearly $750
▼ + stars: | 2024-10-15 | by ( Samuel Joseph | Sam Joseph | ) edition.cnn.com time to read: +2 min

These “Ryder Cup+” tickets give attendees “access to unlimited food and non-alcoholic beverages at all market concessions throughout the grounds and no extra cost,” according to the Ryder Cup website. “I need to sign a LIV deal so I can afford Ryder Cup tickets,” joked GOLF.com’s Claire Rogers. “What are better things to do with your money than pay this amount for Ryder Cup Tickets? I guess even the Ryder Cup is not immune from inflation,” one user posted on X. Nobody normal is paying $800 for a Ryder cup ticket,” added another.

Persons: Marco Simone Golf, Kevin Van Valkenburg, LIV, ”, GOLF.com’s Claire Rogers, Gary Kellner Organizations: CNN, Bethpage, Ryder, Country Club, Sunday, America, Europe, Los Angeles Country, PGA, USA, Team Europe Locations: Bethpage Black, Farmingdale , New York, Rome, Los, Europe, Italy

☆ Minnesota teacher's 2,471-pound pumpkin wins California contest
▼ + stars: | 2024-10-14 | by ( The Associated Press | ) www.nbcnews.com time to read: +1 min

HALF MOON BAY, Calif. — A Minnesota horticulture teacher remained the reigning champion Monday of an annual pumpkin-weighing contest in Northern California where his massive gourds have won the top prize four years in a row. Travis Gienger, of Anoka, Minnesota, beat his closest competitor by 6 pounds to clinch the victory at the 51st World Championship Pumpkin Weigh-Off in Half Moon Bay, south of San Francisco. His winning gourd came in at 2,471 pounds, falling short of the world record he set last year with a pumpkin weighing 2,749 pounds. “We had really, really tough weather and somehow, some way, I kept on working,” Gienger said. He said the giant pumpkin’s next stop will be in Southern California, where a team of professional carvers will do a 3D carve on it at a Halloween event.

Persons: Travis Gienger, ” Gienger, “ Locations: Calif, —, Minnesota, Northern California, Anoka , Minnesota, San Francisco, California, Southern California

Vice President Kamala Harris’ campaign laid out what it sees as her path to victory in Pennsylvania in a memo shared exclusively with NBC News ahead of Monday night’s rally in bellwether Erie County. “The Harris campaign’s path to win Pennsylvania capitalizes on Trump’s unprecedented weakness in the suburbs,” the memo, which also highlighted the campaign’s focus on Haley voters, reads. “They can point to the suburbs, but they’re losing ground in places like Philadelphia,” a Trump campaign official said. Kush Desai, the Trump campaign’s Pennsylvania spokesperson, highlighted Obama’s visit as a sign the Harris team was scrambling. Speaking with NBC News, Pennsylvania state Sen. Vincent Hughes said he could “understand the frustration” Obama expressed.

Persons: Kamala Harris ’, Harris, Joe Biden’s, Nikki Haley, Donald Trump, “, Haley, Trump, Brendan McPhillips, Tim Walz, Hillary Clinton, McPhillips, ”, Biden, Elon, It’s, We’ve, Barack, Obama, They’ve, Kush Desai, isn’t, ” Desai, ” Obama, Sen, Vincent Hughes, Let’s, Donald Trump’s, He’s, ” Hughes, it’s Organizations: NBC, Democratic, Pennsylvania, Trump, Philadelphia Inquirer, New York Times, Siena College, Marist College, Biden, Quinnipiac University, Times, Street, Minnesota Gov, America PAC, Trump campaign’s, Black, undecideds, NBC News Locations: Pennsylvania, bellwether Erie County, Siena, reddest, Harris ’ Pennsylvania, Johnstown, Lancaster, Rochester, Philadelphia, Bucks, Luzerne, Beaver, Trump, Pittsburgh

Black men have historically voted overwhelmingly for Democratic candidates, with turnout typically lagging that of Black women but consistent nonetheless. Even a relatively small drop in support from Black men for Harris could be significant given the razor-thin margins in battleground states. “Black men prioritize being the primary breadwinners of the household and care about real wages and permanent jobs. The Harris campaign also plans to ramp up its programming specifically designed to engage Black men. This week, it is set to partner with Black male celebrities, influencers and activists to hold “Black Men Huddle Up” events in battleground states, NFL and NCAA watch parties that will double as an avenue for Black men to discuss the stakes of the election.

Persons: Kamala Harris ’, ”, Michael Tyler, Harris, Walz, ” Harris, Cedric Richmond, Joe Biden, Donald Trump, Barack Obama, “, ” Obama, “ I’ve, Black Republicans pounced, chastising, ” Sen, Tim Scott, Obama, They’ve, Obama’s, ” “, ’, Trump, “ Obama, Kamala, Black, Lil Wayne, ” Janiyah Thomas, Byron Donalds of, Wesley Hunt, Scott, That’s, Leo Smith, She’s, ” Smith, Harris ’, Brian Kemp, Stacey Abrams, Omar Ali, surrogates, Dilawar Syed, ” Ali, Ali, Roland Martin, Justin Carter, Stephen Jackson, Matt Barnes, Jermaine Dupri, John Legend, Magic Johnson, we’ve, ” Johnson Organizations: Republicans, Democratic, Black, Trump, New York Times, Siena, Howard University, Black Republicans, Democratic Party, Democrat Party, NBC News, Biden, and, Georgia Republican Gov, Small Business Administration, NBA, “, NFL, NCAA Locations: Pittsburgh, Atlanta, Byron Donalds of Florida, Wesley Hunt of Texas, Cognac, Charlotte , North Carolina, Georgia, campaign’s Georgia, Greenville , North Carolina, Milwaukee, Flint , Michigan

☆ Where Speaker Johnson sees the GOP's path to victory: From the Politics Desk
▼ + stars: | 2024-10-14 | by ( The Politics Desk | ) www.nbcnews.com time to read: +5 min

In today’s edition, senior congressional reporter Scott Wong sits down with House Speaker Mike Johnson as he barnstorms the country in support of congressional Republican candidates. Plus, senior political editor Mark Murray breaks down our latest NBC News poll, which shows how President Joe Biden is serving as a drag on Vice President Kamala Harris. I think a record number of Black and African American voters, Jewish voters, union voters. The majority could be won or lost in either of those two states, given how closely divided the House is. If you have feedback — likes or dislikes — email us at politicsnewsletter@nbcuni.comAnd if you’re a fan, please share with everyone and anyone.

Persons: Scott Wong, Mike Johnson, Mark Murray, Joe Biden, Kamala Harris, Johnson, Scott Wong HELLERTOWN, —, ” Johnson, “, I’m, ”, Donald Trump, Trump, he’ll, Read, Scott →, Biden, Harris, they’ve, — Harris, Jeff Horwitt, Bill McInturff, Biden —, she’s, ’ Monica Alba, Carol E, Lee Organizations: NBC, White House, Capitol, Republican, Republicans, NBC News, White, GOP, African American, Jewish, “, Democratic, Biden, Biden —, ’ Locations: Pa, Hellertown, Pennsylvania, California, New York

☆ Dolphins QB Tua Tagovailoa expected to return in 2024, coach Mike McDaniel says
▼ + stars: | 2024-10-14 | by ( Rohan Nadkarni | Rohan Nadkarni Is A Sports Reporter For Nbc News. | ) www.nbcnews.com time to read: +1 min

Miami Dolphins head coach Mike McDaniel expects quarterback Tua Tagovailoa to play again this season, he said Monday. Tagovailoa has not played since suffering a concussion against the Buffalo Bills on Sept. 12. Tagovailoa must also clear the NFL’s concussion protocol before he is eligible to play, a process that begins only after he’s activated from IR. The concussion Tagovailoa sustained against the Bills is at least the third of his professional career. Tagovailoa was also suspected of having a third concussion that season, a controversy that led to an overhaul of the NFL’s concussion protocol.

Persons: Mike McDaniel, Tua Tagovailoa, Tagovailoa, “, ” McDaniel Organizations: Miami Dolphins, Buffalo Bills, Dolphins, Arizona Cardinals, Bills, NFL, Miami, Indianapolis Colts Locations: Miami, Arizona

I think a record number of Black and African American voters, Jewish voters, union voters. Asked for comment, the Harris campaign referred to a memo to reporters Sunday pushing back on the GOP suggestion that the vice president's support is eroding among key groups. Trump and Republicans hope to see a big turnout from their base, namely white, non-college-educated, working-class voters. Johnson and his affiliated super PAC, the Congressional Leadership Fund, have raised a combined $266 million for House Republicans this cycle. Democrats are heavily focused on Pennsylvania as well, with all three top House leaders and the Harris campaign making stops here in recent weeks.

Persons: Mike Johnson, ” Johnson, “, I’m, ”, he'll, Donald Trump, Kamala Harris, Harris, Joe Biden, Biden, Johnson, Trump, “ I’m, it’s, we’re, It’s, Kevin McCarthy’s, McCarthy, Kevin, Helene, — Johnson, Ryan Mackenzie, Susan Wild, Rob Bresnahan, Matt Cartwright, Rob Mercuri, Chris Deluzio, Brian Fitzpatrick, Scott Perry, Lloyd Smucker, Pete Aguilar, ” Aguilar, they’ve Organizations: Steel, White, NBC News, African American, Jewish, Keystone State, —, Telemundo, CNBC, Trump, New York Times, Sienna College, Black, GOP, CBS, International Association of Fire Fighters, Teamsters, Senate, Biden, Steel Club, Republicans, House Republican Conference, Congressional, Fund, House Republicans, LSU, Ole Miss, Democratic Rep, Democratic, Freedom, Lancaster County Republicans, Democrats, House Democratic Locations: Pa, —, noshing, Hellertown, Nevada, Pennsylvania, Israel, Gaza, Las Vegas, California, New York, North Carolina, Allentown, America, El Tablazo, Dominican, South Florida, Texas, Arizona, Southern California, Allentown , Pennsylvania

DETROIT — The Michigan Senate race is one of several that could help determine control of the chamber and decide the presidential contest this fall. And unlike in some other swing states, both candidates in the open Senate race are sticking close to the tops of their tickets. “It’s about those independent voters, those swing voters, those voters who make their decisions very late,” she said. Doesn’t work when you have the problems that we have in the state of Michigan,” he continued. “I don’t believe in doing something that is not possible for the auto industry, because that’s our bread and butter here in Michigan,” Slotkin said.

Persons: Mike Rogers, Donald Trump, Elissa Slotkin, Kamala Harris, Joe Biden’s, ” Slotkin, Harris, “, Democratic Sen, Debbie Stabenow, Rogers, ”, Trump, MAGA, I’m, Donald Trump’s, Mike Rogers ’, Slotkin, There’s, don’t, Slotkin “, ” Rogers, Biden, hasn’t, ‘ Let’s, let’s, I’d Organizations: DETROIT, The Michigan Senate, GOP, ” Democratic, Trump, Democratic, Getty, Harris, Republican Party, House Intelligence Committee, White, “, United States Senate, CIA, Defense Department, Slotkin, Biden, Michigan, Senate, Republican, Pentagon, Democratic Party, Democrats Locations: America, Michigan, Ann Arbor, Detroit, China, Ukraine, Gaza, Lebanon, Israel, Florida

☆ ‘Terrifier 3’ tops box office with $18 million debut, ‘Joker: Folie à Deux’ collapses with brutal 81% drop
▼ + stars: | 2024-10-14 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Variety-Live-Blog-Byline-Image.Png | ) www.nbcnews.com time to read: +6 min

There’s only room for one killer clown at the top of box office charts. Meanwhile “Joker: Folie á Deux,” which topped the box office last weekend, collapsed in third place with $7.055 million from 4,102 theaters. So far, “Folie a Deux” has generated $51.6 million domestically and $165.3 million globally. The well-reviewed family film has amassed $83.73 million domestically and $148 million globally to date. It has earned $52.8 million domestically and $111 million worldwide so far.

Persons: “, Beetlejuice, ”, Joaquin Phoenix, Damien Leone, David A . Gross, Pharrell Williams, Morgan Neville, Rogers, Gross, Sony’s, Jason Reitman, Sebastian Stan, Donald Trump, CinemaScore, Trump, Tim Burton’s, ‘ Taylor Swift, Paul Dergarabedian, “ It’s Organizations: Warner Bros, Rotten, Motion, Entertainment Research, Cannes Film, Briarcliff Entertainment, Universal, DreamWorks, Optimus Locations: North America, CinemaScore

☆ Middle-class new homeowners are increasingly cost-burdened
▼ + stars: | 2024-10-14 | by ( Jasmine Cui | Jasmine Cui Is A Reporter For Nbc News. | ) www.nbcnews.com time to read: +4 min

“It used to be that if you made the median income, you could afford the median-priced house,” said Domonic Purviance, a housing expert at the Atlanta Federal Reserve. Their mortgage rate was 8.125% — above the roughly 7% national average at the time, which was hovering near 20-year highs. While that ratio is less than the cost-burdened 30% threshold, it has doubled in the area in just the last three years. From 2013 to 2023, the median annual household income in the U.S. has risen 50%, to $80,610. For example, McCue said, cost-burdened homeowners may struggle to keep up with home maintenance, leading to unhealthy or unsafe living environments.

Persons: ”, Domonic Purviance, “ That’s, Haley, Ben Williams, “, ” Ben, they’d, Daniel McCue, haven’t, It’s, McCue, “ You’re, Haley Williams, “ I’ve Organizations: Atlanta Federal Reserve, Homes, NBC, Harvard University’s, for Housing Studies, Atlanta Fed, Federal Reserve Locations: Elkhart , Indiana, Elkhart, Chicago, U.S

!”The happy couple’s news comes after they spent the summer supporting each other at the 2024 Paris Olympics. Finally, in 2018, Lyles and Bromfield went on a first date — but “it didn’t click,” Lyles said. Bromfield is a fellow medalist and has a law degreeBoth Lyles and Bromfield have medals. After the 2024 Paris Olympics, Lyles gushed about Bromfield in an interview on TODAY in August. After qualifying for the Paris Olympics in July, she told outlet The Inside Lane that advancing took a weight off her shoulders.

Persons: Noah Lyles, Junelle Bromfield, USA's Lyles, Jamaica's Bromfield, Bromfield, “ Will, ” Bromfield, Lyles, “, ”, Lily Collins, ” Taylor Lautner, emoji, Coco Gauff, I’m, ‘, ’, ” Lyles, couldn’t, “ I’m, It’s, they’ve, Lyles gushed, TODAY’s Craig Melvin, She’s, she’ll, They’ve, Instagram, clapped, it’s, I’ve Organizations: GO, Team USA, DMs, Jamaica, University of Technology, Sprint, Netflix, Paris, Paris Olympics Locations: Jamaica, Lyles, Bromfield, Kingston , Jamaica

☆ SuperLimbs: Wearable robotic limbs could help astronauts recover from falls
▼ + stars: | 2024-10-14 | by ( Amy Gunia | ) edition.cnn.com time to read: +11 min

That includes researchers at the Massachusetts Institute of Technology (MIT), who are developing a set of wearable robotic limbs to help astronauts recover from falls. When the wearer falls over, an extra pair of limbs can extend out to provide leverage to help them stand, conserving energy for other tasks. The study found that falls were more common when, like Duke, astronauts were collecting samples or using tools – tasks that Artemis astronauts are likely to undertake. Kim Shiflett/NASA NASA astronaut Eric Boe wears Boeing's new spacesuit designed for astronauts who will fly on the CST-100 Starliner. Ballesteros plans to spend the next few years of his PhD using a “Swiss Army Knife technique” to turn SuperLimbs into a system for astronauts that can “address different important use cases, but all be one unified design.”SuperLimbs could help astronauts recover from falls, move efficiently, and do work.

Persons: haven’t, Artemis, Charlie Duke, Duke, Walter M, Schirra Jr, Donald K, Slayton, John H, Glenn Jr, Scott Carpenter, Alan B, Shepard Jr, Virgil I, Grissom, Gordon Cooper Jr, John W, Michael Collins, Edwin E, Aldrin Jr, Buzz Aldrin, Neil A, Armstrong, Aldrin, Joe Engle, Richard Truly, John Young, Bruce McCandless, McCandless, Robert L, Stewart, Michael J, McCulley, Franklin R, Chang, Diaz, Ellen S, Baker, Shannon W, Donald E, Williams, Michael Fincke, Yury Lonchakov, Kennedy, Center's Neil A, Jessica Watkins, Bob Hines, Kjell Lindgren, Samantha Cristoforetti, Kim Shiflett, Eric Boe, Boeing Dustin Gohmert, NASA's, Joel Kowsky, NASA Kristine Davis, SuperLimbs, Harry Asada, Erik Ballesteros, Ballesteros, it’ll, ”, Jonathan Clark, ” Ballesteros, Ana Diaz Artiles, Kalind Carpenter, Preston Rogers, Mirza Samnani Organizations: CNN, Massachusetts Institute of Technology, MIT, University of Michigan, National Aeronautics and Space Administration, NASA, Mercury, Command, NASA Space Shuttle, Challenger, NASA's, NASA NASA, Russian Sokol, International Space, SpaceX, Armstrong Operations, Boeing, Orion, Space, Space Center, Extravehicular Mobility, UPI, Jet Propulsion, SuperLimbs, Neurology, Space Medicine, Baylor College of Medicine, Texas, Swiss Locations: Tranquility, Russian, Washington ,, Washington, Japan, Mars . China

☆ True Value declares bankruptcy and sells itself to a hardware rival
▼ + stars: | 2024-10-14 | by ( Jordan Valinsky | ) edition.cnn.com time to read: +2 min

New York CNN —True Value, a 75-year old hardware store brand, has filed for bankruptcy and is selling substantially all of its operations to a rival, the company announced Monday. True Value said its stores will remain open, because they are not part of the bankruptcy proceedings. In bankruptcy court filings, True Value said it faces a significant cash crunch as the housing market stalled and consumers have become far more picky about discretionary purchases like hardware. Bigger rivals like Home Depot and Lowe’s have also been in a yearslong slump since the pandemic boom, but they remain in a significantly stronger financial situation than True Value. Do it Best is a member-owned wholesaler that sells hardware, lumber and other home goods to independent stores.

Persons: ”, Chris Kempa, Dan Starr, there’s Organizations: New, New York CNN, Home Locations: New York

☆ Nvidia stock tests record highs as Wall Street defends chipmaker's valuation amid 'AI arms race'
▼ + stars: | 2024-10-14 | by ( Matthew Fox | ) www.businessinsider.com time to read: +4 min

Nvidia stock surged over 3% to near-record highs on Monday as excitement builds for its Blackwell GPU. Bank of America said cloud hyperscalers are in an "AI arms race," which should be a positive for Nvidia. AdvertisementNvidia stock jumped more than 3% on Monday to near-record highs as investor excitement around the chipmaker's upcoming Blackwell GPU product cycle grows. Monday's gain came amid a wave of Wall Street research reports on Nvidia, along with pricing details for Nvidia's next-generation GPU chip. AdvertisementThe initial list prices for Nvidia's Blackwell GPU chip were around $500,000, which Wells Fargo called an "incremental positive" in a note on Monday.

Persons: Blackwell, —, Nvidia's, Wells, Aaron Rakers, Goldman Sachs Organizations: Nvidia, Blackwell, Bank of America, Service, Citi, Monday's, Nvidia's Blackwell, Microsoft, hyperscalers, Investors

☆ Nvidia heads for record close as AI chipmaker's market cap tops $3.4 trillion
▼ + stars: | 2024-10-14 | by ( Kif Leswing | ) www.cnbc.com time to read: +2 min

Jensen Huang, co-founder and chief executive officer of Nvidia Corp., speaks during an event in Taipei, Taiwan, on Sunday, June 2, 2024. Nvidia shares headed for a record close on Monday as Wall Street gears up for earnings season and updates from all of the chipmaker's top customers on their planned spending on artificial intelligence infrastructure. Companies including Microsoft , Meta , Google , and Amazon are purchasing Nvidia GPUs in large quantities to build increasingly large clusters of computers for their advanced AI work. With a market cap of $3.4 trillion, Nvidia is the second most valuable publicly traded U.S. company, behind Apple at about $3.53 trillion. WATCH: Nvidia CEO Jensen Huang on Squawk Box

Persons: Jensen Huang, ChatGPT Organizations: Nvidia Corp, Nvidia, Companies, Microsoft, Meta, Google, Mizuho, U.S, Apple Locations: Taipei, Taiwan

☆ The THAAD system the US is deploying to Israel has rarely seen combat, but its test record has been flawless since it came online
▼ + stars: | 2024-10-14 | by ( Jake Epstein | ) www.businessinsider.com time to read: +6 min

The US is sending a Terminal High-Altitude Area Defense (THAAD) battery and American operators to Israel. THAAD is a highly advanced air-defense system that can intercept ballistic missiles. AdvertisementThe US is sending an air-defense system to Israel that has rarely seen combat but has had a flawless flight test intercept record since it became operational. US ArmyTHAAD, which is made by Lockheed Martin, is the middle tier of the US military's sophisticated ballistic missile defense network. It covers a larger area than the Patriot system but less than the Aegis Ballistic Missile Defense and Ground-based Midcourse Defense systems.

Persons: THAAD, —, Pat Ryder, Lockheed Martin, Washington, Ryder, Cory D, Payne Organizations: Defense, Pentagon, Service, US Army, Lockheed, Aegis Ballistic Missile Defense, Missile Defense, Center for Strategic, International Studies, United Arab Emirates, Houthi, Congressional Research Service, Army, Fort, US Air Force, Staff Locations: Israel, East, Yemen, South Korea, Guam, Iran, Tehran, Fort Bliss, Texas, States

☆ European Central Bank set for third interest rate cut of the year in meeting this week
▼ + stars: | 2024-10-14 | by ( Jenni Reid | ) www.cnbc.com time to read: +4 min

European flags flutter in front of the European Central Bank (ECB) building prior to a news conference following the meeting of the governing council of the ECB in Frankfurt/Main, Germany, on September 12, 2024. Daniel Roland | Afp | Getty ImagesThe European Central Bank is on course to deliver its third interest rate cut of the year at its meeting this Thursday, as policymakers say inflation risks are easing faster than previously expected. Headline price rises in the euro area cooled to 1.8% in September, below the central bank's 2% target. Bank of France Governor Francois Villeroy de Galhau last week described an October rate cut as "very likely" and said such a step "won't be the last." This led him to forecast ECB rate cuts will take place both this week and at each of the central bank's forthcoming meetings, until the deposit rate hits 2.5%.

Persons: Daniel Roland, Francois Villeroy de Galhau, Villeroy, Christine Lagarde, Joachim Nagel, Germany's Bundesbank, Jack Allen Organizations: European Central Bank, ECB, Afp, Getty, Bank of France, France, European Union, Citi, Media, U.S, U.S . Federal, Barclays, Capital Economics, Reynolds, Bank of America Global Research Locations: Frankfurt, Main, Germany, U.S .

☆ The stock market has officially enjoyed a bull rally for over two years. So now what?
▼ + stars: | 2024-10-14 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +7 min

In today's big story, the stock market has officially enjoyed a bull rally for over two years. The big storyBullish on the bull marketNoam Galai/Getty ImagesHappy belated birthday to the stock market's bull rally! Stock market experts who spoke with Business Insider's Matthew Fox don't see things slowing down anytime soon . In fact, the average bull market lasts longer than five years, so we might not even be halfway to the finish line. The actual stock market is healthier, too, as it's no longer reliant on the Magnificent Seven's performance.

Persons: —, Noam Galai, Insider's Matthew Fox, Chelsea Jia Feng, we've, Alex Brandon, Jamie Dimon, Ken Griffin, he's, Republican megadonor hasn't, BlackRock, Jett Lara, Augustus Doricko, Doricko, Roblox, Natalie Ammari, Inflation's, Z's, It's Elliott Hill's, Hill, It's, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, Milan Sehmbi, Amanda Yen Organizations: Business, Service, Nasdaq, Dow Jones, Stock, Insider's, JPMorgan, Republican, Citadel, Wall, Menlo Ventures, Nike, Columbus, District of Columbia Locations: Chelsea, Ukraine, El Segundo , California, a16z, New York, it's, Italian American, London

☆ As a warning, China sent warplanes and warships, including its first aircraft carrier, to practice assaulting Taiwan
▼ + stars: | 2024-10-14 | by ( Chris Panella | ) www.businessinsider.com time to read: +6 min

China conducted a large-scale military exercise surrounding Taiwan on Monday. China employed a number of warships, as well as its first aircraft carrier, and dozens of aircraft. AdvertisementIn a warning, China's military surrounded Taiwan during a military exercise on Monday, demonstrating its ability to blockade key ports, execute strikes, and assault positions. China's military, the People's Liberation Army, announced the "Joint Sword-2024B" exercises on Monday morning, with its Eastern Theater Command dispatching troops to conduct joint military drills in the Taiwan Strait and around Taiwan and its outlying islands. In response to the Chinese military drills, Lai posted on X that China aimed "to undermine stability and the status quo, failing to live up to global expectations."

Persons: —, Li Xi, Li, Daniel Ceng, URfScDhgdj — Ryan Chan 陳, Lai Ching, X3SvV8sQY4 — Ian Ellis, Lai Organizations: Service, People's Liberation Army, Eastern Theater Command, PLA Eastern Theater Command, Getty, Taiwan's Ministry of National Defense, PLA, PLA Navy, Ministry of Defense, Liaoning, Sanya Naval, China PLA Navy Locations: China, Taiwan, Anadolu, Liaoning, Sanya, Sanya Naval Base, Hainan, South, Taiwan Strait, Taiwan's, Beijing

☆ Dow futures are little changed after index closes above 43,000 for the first time: Live updates
▼ + stars: | 2024-10-14 | by ( Alex Harring | ) www.cnbc.com time to read: +1 min

Dow Jones Industrial Average futures are near flat Monday night after the blue-chip index closed at a record. S&P 500 futures and Nasdaq 100 futures also both traded near their flatlines. Those moves come after a winning day on Wall Street that propelled the S&P 500 and Dow to new intraday highs and record closes. Information technology stocks led the S&P 500 higher in the session, with the sector finishing nearly 1.4% higher. Beyond banks, United Airlines , Walgreens Boots Alliance and Johnson & Johnson are also on the docket.

Persons: Scott Chronert, Goldman Sachs, Johnson, Mary Daly, Raphael Bostic, Adriana Kugler Organizations: New York Stock Exchange, Dow Jones Industrial, Nasdaq, Dow, Nvidia, Citigroup, Bank of America, United Airlines, Walgreens Boots Alliance, Johnson, San Francisco Federal, Atlanta Fed Locations: New York City, Citi's, United

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