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Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailEconomy's still very solid if you look at a broad range of indicators, says Goldman's Jan HatziusJan Hatzius, Goldman Sachs chief economist, joins 'Squawk on the Street' to discuss Hatzius' thoughts on Friday's jobs report, the economic revisions, and if extreme weather will impact future economic data.
Persons: Goldman's Jan Hatzius Jan Hatzius, Goldman Sachs
Red Lobster's new chief executive Damola Adamolekun during an interview with CNN at a Red Lobster in Long Island, New York, last week. CNNIn Springfield, he first ate at a Red Lobster with his parents and two siblings after church one Sunday. Red Lobster was where he, like millions of Americans, experienced eating lobster and cracking crab legs for the first time. Beyoncé sang about taking a romantic partner to Red Lobster in her 2016 hit song “Formation.”After Red Lobster filed for bankruptcy, Flava Flav ordered the whole menu to try to save the company. Red Lobster closed more than 100 restaurants this year, including a location in Orlando, Florida, shown this year.
Persons: Damola Adamolekun, , ” Adamolekun, It’s, , Adamolekun, Bill Darden, Mills, Chris Rock, Nicki Minaj, Beyoncé, Flav, “ Mr, ” —, Kevin Lamarque, Clarence Otis Jr, RJ Hottovy, Hottovy, Adamolekun’s, ” Hottovy, , Red, Phelan M, can’t, John Paulson, Paulson, P.F, Chang’s, Morgan McClure, Fortress, ” McClure, Brandon Bell, isn’t Organizations: New, New York CNN, CNN, Fortress Investment, Fortress, Red, Boomers, Darden, Thai Union Group, Former Red Lobster, Thai Union, As Thai Union, Thai, Brown University, Harvard Business School, Paulson & Co Locations: New York, Long, , New York, Nigeria, Zimbabwe, Netherlands, Springfield , Illinois, United States, Long Island , New York, Springfield, America, Alexandria , Virginia, Olive, Thai Union, Thai, Orlando , Florida, P.F, Chang’s, Columbia , Maryland, New York City, Scottsdale , Arizona, Austin , Texas
The hunt, “On the Trail of the Golden Owl,” was based on a book of riddles published in 1993. “We confirm that the Golden Owl countermark was unearthed last night,” the message read, unleashing a wave of sad and crying emojis. Its value is currently estimated at €150,000 euros (about $165,000), fans of the treasure hunt have said online and at recorded events. On Discord, members of the hunt channel were quick to react to the news that the replica owl may have been found, with thousands of messages pouring in. On the official website, Becker reminds “owlers” not to dig holes on either public or private property without authorization.
Persons: , , Régis Hauser, Michel Becker, Becker, Hauser, Max Valentin, “ I’m, “ owlers, Kit Williams Organizations: Paris AP, YouTube, Monde, Associated Press, France Inter Locations: France, , French
Facebook owner Meta announced on Friday it had built a new AI model called Movie Gen that can create realistic-seeming video and audio clips in response to user prompts, claiming it can rival tools from leading media generation startups like OpenAI and ElevenLabs. Movie Gen also can generate background music and sound effects synced to the content of the videos, Meta said in a blog post, and use the tool to edit existing videos. Videos created by Movie Gen can be up to 16 seconds long, while audio can be up to 45 seconds long, Meta said. They declined to comment on Meta's assessment for Movie Gen specifically. Lions Gate Entertainment , the company behind "The Hunger Games" and "Twilight," announced in September that it was giving AI startup Runway access to its film and television library to train an AI model.
Persons: Mark Zuckerberg, Meta, Gen, Meta spokespeople, OpenAI, Sora, Scarlett Johansson Organizations: Meta, Facebook, Microsoft, Technologists, Hollywood, Lions Gate Entertainment Locations: Menlo Park , California, U.S, Kling, Hollywood, Pakistan, India, Indonesia
The American labor market, which for months has worried even some optimistic economists, looked in remarkably good shape today after the government released a new employment report. The robust jobs numbers align with other strong economic data to paint a portrait of a solid economy. The fresh data is good news for the Federal Reserve, the White House and Kamala Harris. The vice president has been trying to argue that she and President Biden deftly led the economy through the challenges of the pandemic. In related news, a surge in pandemic era start-ups has helped drive job growth, and could have longer-term benefits.
Persons: Kamala Harris, Biden Organizations: Employers, Federal Reserve, White
Twice this year, US forces in the region have assisted Israel in intercepting an attack by Iran. Austin announced in early August that he was sending the USS Abraham Lincoln Carrier Strike Group to the region; it arrived later that month. The strike group consists of thousands of sailors and Marines, spanning across three destroyers and a carrier air wing. The USS Spruance and USS Frank E. Petersen Jr., also both guided-missile destroyers that are part of the strike group, were operating in the Red Sea. In addition to the firepower brought by the Lincoln strike group, the Navy has a number of other destroyers and capabilities in the region.
Persons: Israel, Lloyd Austin, Austin, Abraham Lincoln, Spruance, Frank E, Petersen, Bulkeley, Arleigh Burke –, Murphy, Stockdale, Sabrina Singh Organizations: Washington CNN, Israel, Navy, Iranian, Defense, Abraham Lincoln Carrier Strike Group, Lincoln, 24th Marine Expeditionary Unit, Marines, USS, Air Force, Pentagon, US Central Command, Army, Patriot, High Mobility Artillery Rocket Systems Locations: East, Israel, Iran, Iraq, Syria, Iranian, Gulf of Oman, Red, York, Lebanon, Cole, Indianapolis
I later moved to London and felt disappointed — it was harder to build community in a big city. AdvertisementOur town in Canada immediately felt like homeThere was a lot of beauty we could access for free or cheap in the Canadian Rockies. At the same time, the cost of living in London felt astronomical compared to Banff. London just didn't have the same sense of community as our town in Canada. For me, our town in the Rockies felt more like home, and I'd still move back in a heartbeat.
Persons: , texted, I'd, Canadians —, it'd, Alexander Spatari, we'd, would've Organizations: Canadian Rockies, Service, thipjang, Canadians, Rockies, National Insurance Locations: Australia, London, Banff, Canada, American, Europe, South America
RBC gives its top stock picks for the fourth quarter
  + stars: | 2024-10-04 | by ( Sean Conlon | ) www.cnbc.com   time to read: +4 min
The fourth quarter is just getting started, and RBC Capital Markets sees some stocks slated for growth in the months ahead. Looking ahead, RBC unveiled a list of its top 30 high-conviction global stock ideas that it thinks are poised to outperform in the long term. As a result, RBC has an outperform rating on the name, with a price target of $48. "As proof-points to the success of this strategy emerge, we believe the stock could begin to re-rate higher," the analyst said. Software name CrowdStrike and British oil giant Shell were also picked for the fourth quarter's list.
Persons: Brad Erickson, Daniel Perlin, Perlin, Ferrari, Tom Narayan Organizations: RBC Capital Markets, Dow Jones, RBC, Sarepta Therapeutics, Amazon, P Global, PayPal, Reuters Locations: Italy
Over the last few months, mortgage rates have dropped dramatically, going from near 7% to below 6%. See more mortgage rates on Zillow Real Estate on ZillowMortgage CalculatorUse our free mortgage calculator to see how today's mortgage rates will affect your monthly and long-term payments. You can calculate this by dividing your closing costs by the amount you're saving on your monthly mortgage payment. 5-Year Mortgage Rate TrendsHere's how 30-year and 15-year mortgage rates have trended over the last five years, according to Freddie Mac data. Now that the Fed has started lowering its benchmark rate, mortgage rates are down.
Persons: they've, Freddie Mac Organizations: ADP, Federal Reserve, Zillow, ARM, Federal Housing Administration, Department of Veterans Affairs, Fed Locations: Chevron
AdvertisementMrBeast confirmed this week that his upcoming Amazon show, Beast Games, had cost more than $100 million. "They'll still do partnerships with him," Diana D'Angelo, the CEO of Breaking Creatives Agency, told BI. A spokesperson for Donaldson told BI that the lawsuit had not yet been served to him despite being filed two weeks ago. AdvertisementHowever, Chedid told BI these "stonewall tactics" may "come back to bite him," affecting his reputation and future partnerships. D'Angelo told BI Donaldson might decide to speak up if the controversy starts to affect his "bread and butter" — his YouTube channel.
Persons: MrBeast, , Diana D'Angelo, they'll, he's, Jimmy, Donaldson, YouTubers KSI, Logan Paul, Paul, Rolling Stone, Robyn Abou Chedid, Chedid, Thomas Walters, Ava Tyson, Kevin Mazur, Tyson, Kraft Heinz's Lunchables, Walters, D'Angelo Organizations: Service, Beast Games, Amazon, Creatives, Reuters, The New York Times, Las, Guided Agency, YouTube, Beast Locations: Amazon, Las Vegas, Los Angeles, Toronto
North Carolina has racked up the highest death toll thus far with 106 fatalities reported. Kim AshbyKim Ashby, a North Carolina teacher of 20 years, is described as “the glue that holds everyone together,” her daughter, Jessica Meidinger, told CNN. A neighbor took a photo of the Ashby home in Elk Park, North Carolina, as it floated in the river on Friday. Omar Khan, 44, disappeared after Helene flooded Asheville, North Carolina. Julie Le Roux has been missing since a mudslide destroyed the Marion, North Carolina, home she had taken shelter in from the raging storm.
Persons: Helene, Deanne Criswell, CNN’s Jim Acosta, , Buncombe County Sheriff Quentin Miller ., Steven Cloyd Steven Cloyd, Matthew Cloyd Matthew Cloyd, Steven Cloyd, he’s “, Matthew Cloyd, , Steven, Keli Cloyd, Keli, he’d, ” Steven Cloyd texted, texted, ” Keli Cloyd, Matthew, Steven Cloyd’s Jeep, Kim Ashby Kim Ashby, Jessica Meidinger, Kim, Rod Ashby, Meidinger, ” Meidinger, ” Kim Ashby, Lauren Meidinger, Rod, ” Lauren, , , stepdad, Kim Ashby, Ashby, ” Jessica Meidinger, Jessica, he’s, ” Lauren Meidinger, they’ve, she’s, Rosa Andrade, Carina Alonso, Erwin , Tennessee –, Alonso, WVLT, Andrade, ” Alonso, Francesco Guerrero, Rosa Maria Andrade Reynoso, Guadalupe Hernandez, Monica Hernandez Corona, Saul Young, Jimmy Erwin, ” Omar Khan Omar, floodwater, K.M, Khan, Omar Khan, Zubila Shafiq, ” K.M, Shafiq, could’ve, We’re, ” Shafiq, Julie Le Roux, John Norwood, Le Roux, WRAL, Norwood, Robert Martin, Will Kehler Organizations: CNN, FEMA, Carolina’s Buncombe County Sheriff’s, Buncombe County Sheriff, CNN News Central, News Sentinel, USA, Associated Press, WCYB, Emergency, ABC, WRAL Locations: United States, Carolina’s Buncombe County, Buncombe County, Buncombe County Sheriff Quentin Miller . North Carolina, North Carolina, Rockford , Illinois, Elk Park , North Carolina, Tennessee, Sanford, Raleigh, Elk, floodwater, Erwin ,, Andrade, Erwin , Tennessee, Unicoi, Asheville , North Carolina, McDowell County, Norwood, Marion , North Carolina,
A jury found Nevada official Michele Fiore guilty of misusing $70,000 meant for a memorial. The statue was to honor a Las Vegas police officer killed in the line of duty. Prosecutors said funds were spent on personal expenses like rent, plastic surgery, and a wedding. The Las Vegas Metropolitan Police Department officer, along with fellow officer Igor Soldo, was shot and killed "execution-style" while eating lunch in June 2014, according to the Officer Down Memorial Page. An exhibit list showed that FBI agents also seized invoice documents for a Las Vegas plastic surgery practice.
Persons: Michele Fiore, , KLAS, Fiore, Donald Trump, Alyn Beck, Igor Soldo, Dahoud Askar, Michael Sanft Organizations: Las, Prosecutors, Service, Las Vegas, Republican, PAC, Las Vegas Metropolitan Police Department, FBI, Business Locations: Nevada, Las, Nye County, Caribbean, California, Vegas
CNN —Kirk Cousins threw for a franchise-record 509 yards on Thursday Night Football as the Atlanta Falcons mounted another dramatic comeback to beat the Tampa Bay Buccaneers 36-30 in overtime. Coincidentally, the new record came on the night that Ryan was inducted into the Falcons’ Ring of Honor. “What a night,” Cousins said afterwards, per AP. Kirk Cousins passes the ball against the Bucs in the second half. In the final second, Koo’s field goal forced overtime, allowing Cousins to write his name in the history books.
Persons: Kirk Cousins, Younghoe Koo, Cousins, KhaDarel Hodge, Matt Ryan, Ryan, Tom Brady, ” Cousins, “ I’m, I’m, , Drake London, Baker Mayfield’s, Mike Evans, Chase McLaughlin, Darnell Mooney, Mayfield, McLaughlin, Dale Zanine, Mooney, Tykee Smith, Hodge Organizations: CNN, Atlanta Falcons, Tampa Bay Buccaneers, Atlanta, Minnesota Vikings, Carolina Panthers, Falcons, Vikings, Pro Bowl QB, NFL Research, , Bucs, Tampa, Reuters Locations: Atlanta, Tampa Bay
Stocks struggled this week as rising tensions in the Middle East set off the strongest rally in oil prices since March 2023. "The stock market has been living up to October's reputation of increased volatility," said Glen Smith, chief investment officer at GDS Wealth Management. Inflation report, Fed minutes on deck In the week ahead, investors will keep an eye on a couple of potential catalysts. On Wednesday, investors will parse minutes from September's central bank gathering for insights into the future path of monetary policy. "I would say the inflation report is probably less important than it used to be," Dickson said.
Persons: Stocks, Glen Smith, Said, Mike Dickson, Chris Zaccarelli, Zaccarelli, Investment's Dickson, It's, Dickson, Wells, John Williams, JPMorgan Chase Organizations: Dow Jones Industrial, Nasdaq, Federal Reserve, GDS Wealth Management, Federal, Horizon Investments, CNBC Pro, Independent, Alliance, PepsiCo, Delta, JPMorgan Chase, PepsiCO, New York Fed, PPI, University of Michigan, BlackRock, Bank of NY Mellon, JPMorgan Locations: White, Wells Fargo, Fastenal, Wells
CNN —Canadian ice dancer Nikolaj Sørensen has been suspended for a minimum of six years for “sexual maltreatment,” Canada’s Office of the Sport Integrity Commissioner (OSIC) announced on Wednesday. It’s unclear whether the alleged assault was ever reported to police, or if an investigation by law enforcement ever took place. While the report made by the alleged victim to the OSIC has not been released to the public, Hogshead tells CNN the alleged sexual assault occurred after a party in Hartford, Connecticut, in 2012. Sørensen and Laurence Fournier Beaudry perform their free dance in the ice dance competition at the 2024 world championships. Sørensen competed at the 2022 Winter Olympic Games in Beijing, finishing ninth in the ice dance competition with Beaudry.
Persons: Nikolaj Sørensen, , , Nancy Hogshead –, Sørensen, , ” Hogshead, Hogshead, Laurence Fournier Beaudry, Graham Hughes Organizations: CNN, Sport, of Canada, Skate, International Skating Union, ISU, Canadian Press, AP, Instagram, Canadian National, Games, Beaudry Locations: Canadian, American, Skate Canada, Hartford , Connecticut, Shanghai, China, Beijing
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBrent Crude could rise to $90 a barrel if Israel attacks Iranian export facilities, says RBC's CroftHelima Croft, RBC global head of commodity strategy, joins 'Squawk on the Street' to discuss the impact of an Israeli attack on Iranian oil facilities, where Iran's oil exports are going, and much more.
Persons: RBC's Croft Helima Croft Organizations: RBC
One thing seems clear: The company is burning through far more cash than it’s bringing in, according to reporting from the New York Times. (That’s revenue largely from subscriptions to premium versions of ChatGPT and licensing its tech to third-party developers.) Here’s where things get a little wild:Next year, OpenAI estimates that its revenue will more than triple to $11.6 billion. It’s not clear how, or whether, OpenAI is working on reducing its significant cash burn. “It has nothing to do with reality.”One way OpenAI could improve its margins would be to cut costs.
Persons: CNN Business ’, New York CNN —, Goldman Sachs, that’s, Gil Luria, Davidson, ” Luria, , Luria, There’s, OpenAI, Sam Altman, we’ve, Organizations: CNN Business, New York CNN, Google, Pfizer, Microsoft, Nvidia, Ark Investment Management, Apple, Wall Street, New York Times, Times, CNN, CNBC, Bravo, Locations: New York, Silicon Valley, Silicon
Western sanctions have forced Russia to rely on the Chinese yuan for reserves and trade. China's financial system is deeply tied to the greenback, limiting diversification options. These include the entrenched role of the greenback in the global commodities trade and much larger foreign reserves than Russia, wrote Greene, a former senior advisor at the US Treasury. However, many CIPS participants are highly connected to the dollar financial system and potentially subject to the reach of US sanctions. The dollar is still kingIn short, China just can't copy Russia's sanctions-proofing playbook and is likely to continue orbiting around the dollar financial system in the near-term.
Persons: , China —, Robert Greene, Greene, China's, It's, dollarization, James Lord, Morgan Stanley's, Michael Zezas Organizations: Service, Carnegie Endowment Asia, US Treasury, Patomak Global Partners, Federal Reserve Bank of Boston Locations: Russia, China, Beijing, Russia's, Ukraine
Joaquin Phoenix is one of two actors to win an Oscar for playing the Joker. Phoenix starred as the DC villain in two solo films, 2019's "Joker" and the new sequel "Joker: Folie à Deux." Director Todd Phillips' approach of making the Joker a more realistic and human character appealed to critics, and the film won two Oscars. By contrast, the sequel film has bombed with critics and fans alike and currently has a Rotten Tomatoes score of 39%. AdvertisementIn August, Phillips seemed to suggest to Variety that there wouldn't be another "Joker" sequel when he said: "I think we've said what we wanted to say in this world."
Persons: Joaquin Phoenix, Oscar, Heath Ledger, Jack Nicholson, Cameron Monaghan, , Phoenix, Todd Phillips, Phillips, we've, Barry Keoghan Organizations: Service, Variety
LA advanced a proposal for a new basic income program targeting domestic abuse survivors. It's inspired by the results of the city's BIG:LEAP program, a large-scale basic income pilot. BIG:LEAP found that monthly cash stipends helped abuse survivors leave their partners. AdvertisementLos Angeles is making strides toward a guaranteed basic income program that would target domestic abuse survivors. "Oftentimes, simple solutions are the most effective, and studies have proven that Guaranteed Basic Income works.
Persons: It's, , Councilmember Hugo Soto, Martínez, Councilmember Curren, Marqueece Harris, Dawson, CIFD, We've, Harris Organizations: LA, Service, Los Angeles City, Soto, National Network, Investment, Families Department, City Council Locations: Los Angeles, Councilmember Curren Price, LA
Sesame Workshop's chief marketer, Samantha Maltin, is leaving the company. Maltin's exit follows Sesame Workshop's CEO change and upcoming "Sesame Street" revamp. Sesame Workshop is in the midst of negotiations with distributors for the show. With beloved IP that appeals to multiple generations, "Sesame Street" could be attractive to other streamers eager for tried-and-true content. AdvertisementShe also helped create a "Sesame Street" brand image celebrating its 50th anniversary.
Persons: Sesame, Samantha Maltin, Max, , Maltin, Jude, Maltin didn't, HBO Max Organizations: Service, Business, Sesame, Warner Bros, HBO, Netflix, PBS, YouTube, Networks, Nickelodeon, Viacom Locations: Memphis , Tennessee, Sherrie, Schireson
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBeijing is trying to put a 'floor' on the economy with its stimulus measures: China Beige Book CEOLeland Miller, China Beige Book CEO, joins 'Squawk Box' to discuss the state of China's economy, impact of Beijing's stimulus package, and more.
Persons: Leland Miller Organizations: Beijing Locations: China
A millennial with a Ph.D. and over $250,000 in student loan debt said she can't find a job. She's looking for business roles while working as a nurse to help pay the bills. She said she's been forced to expand her job search and explore a new career in nursing to help her make ends meet. AdvertisementRasberry said she thinks the biggest obstacle in her job search is her lack of work experience. She said working remotely would make it easier to keep her nursing job, reduce her commuting costs, and care for her dog.
Persons: , Rasberry, She's, she's, I've, she'd, hasn't, — she's, wasn't, I'm Organizations: Service, Saint Leo University in, Business Locations: Saint Leo University in Florida, Virginia
CNN —Up to 600 people were shot dead in a matter of hours by al Qaeda-linked militants in an August attack on a town in Burkina Faso, according to a French government security assessment that nearly doubles the death toll cited in earlier reports. A series of coups across Mali, Burkina Faso and Niger led to the departure of French and American forces. The Russian mercenaries summoned by the juntas to bolster their grip have instead left a vacuum in which jihadists have thrived, says the assessment, given to CNN by a French security official. A view of the town of Barsalogho, Burkina Faso, where up to 600 people were killed by al Qaeda-linked militants in an August attack, according to a French government security assessment. CNN has reviewed videos of the alleged cannibalism that seem to show Burkina Faso soldiers dismembering and holding up body parts of apparent dead jihadists.
Persons: al, Nusrat al, JNIM, , jihadists, , I’m, Fear, Ibrahim Traore, Zero ”, Burkina Faso’s, Traore, , Wagner, group’s, Yevgeny Prigozhin, Donat Sorokin, Organizations: CNN, Getty, United Nations, Reuters, , Burkina Faso’s, Civil Service, Labs Inc, Rapid Locations: al Qaeda, Burkina Faso, Barsalogho, Africa, Islam, Mali, Sahel, West Africa, United States, jihadists, Niger, Tawori, Bamako, Burkina, France, Moscow, Ukraine, Ouagadougou, Russian, Russia, Saint Petersburg, BIR, Togo, Kompienga, Togolese, Qaeda
My husband and I have seen our price of living go up a lot lately, but our credit cards have helped. Credit cards can have a bad reputation, but by using them responsibly, we've benefited. As a result, we have come to rely on our rewards credit cards more than ever. My business credit card helps me keep my spending separateMy husband and I have — for the most part — always kept our spending separate. Note that credit card lenders may use many different variations of credit score models when considering your application.
Persons: we've, , There's, I'm, I've, It's, Chris Organizations: Service, Chase, Chase Travel, Sapphire, Apple Locations: Denver
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