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☆ Britain identifies its first case of new mpox variant
▼ + stars: | 2024-10-30 | by ( ) www.cnbc.com time to read: +1 min

Britain has detected its first case of new mpox variant clade Ib, the country's health security agency (UKHSA) said on Wednesday, adding that the risk to the population remained low. Close contacts of the case are being followed up by UKHSA and partner organisations, the UKHSA added. There have been cases of mpox clade Ib reported in Burundi, Rwanda, Uganda, Kenya, Sweden, India and Germany, as well as Congo. Mpox is a viral infection that typically causes flu-like symptoms and pus-filled lesions, and while usually mild it can kill. Clade Ib is thought to cause more severe disease than clade II.

Persons: UKHSA Organizations: World Health Organization, Democratic, WHO Locations: Britain, Democratic Republic of Congo, Africa, London, Burundi, Rwanda, Uganda, Kenya, Sweden, India, Germany, Congo, Mpox, mpox

☆ The US is in a technological arms race with China, Air Force secretary says, and AI could decide who wins
▼ + stars: | 2024-10-30 | by ( Chris Panella | ) www.businessinsider.com time to read: +6 min

The focus on advanced technologies has put the two countries into a different kind of arms race. The US Air Force secretary suggested that AI could be decisive in future warfare. On Tuesday, Air Force Secretary Frank Kendall said China has been effectively modernizing the People's Liberation Army, fielding systems with the intent of challenging US forces, especially its high-value combat assets like carriers and satellites. China has built up its Rocket Force, developing capabilities that put US military assets at military bases and airfields across the Indo-Pacific within striking range. The Air Force secretary said that he doesn't think people who say that AI is "going to determine who's the winner in the next battlefield" are "all that far off."

Persons: —, Frank Kendall, Kendall, Xi Jinping, Sarah Weinstein, Giancarlo Casem Organizations: US Air Force, Service, Air Force, People's Liberation Army, Microelectronics, National Semiconductor Technology, PLA, Eastern Theater Command, Weibo, Department of Defense, Rocket Force, Navy, DARPA, USAF, Marines Locations: China, Taiwan, Beijing, Ukraine

☆ New episode November 2, 2024
▼ + stars: | 2024-10-30 | 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 EmailNew episode November 2, 2024Find out how F1 is driving change in the race to sustainability with the next episode of CNBC's "Inside Track: The Business of Formula 1."

☆ What's behind the latest odds in 2024 presidential election: Nate Silver
▼ + stars: | 2024-10-30 | 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 EmailWhat's behind the latest odds in 2024 presidential election: Nate SilverNate Silver lays out all the reasons he thinks Donald Trump is more likely than Kamala Harris to win the election in an interview with CNBC's Jon Fortt at Tuesday's CNBC Technology Executive Council Summit in New York City.

Persons: Nate Silver Nate Silver, Donald Trump, Kamala Harris, CNBC's Jon Fortt Organizations: CNBC Technology Locations: New York City

☆ 23andMe appoints new board members as it works to stem the company's slide
▼ + stars: | 2024-10-30 | by ( Lauren Edmonds | ) www.businessinsider.com time to read: +3 min

23andMe said it appointed three new independent directors to its board on Monday. Advertisement23andMe has appointed three new independent directors to its board following the mass resignation of all seven of its previous members last month. The seven previous board members resigned in September in a letter addressed to Wojcicki, citing the company's direction. Wojcicki shared a proposal to take 23andMe private in a July SEC filing, which was reviewed by a special committee formed by the board of directors. The special committee responded less than a week later, writing they were "disappointed" in the proposal.

Persons: 23andMe, —, Andre Fernandez, Mark Jensen, Jim Frankola, Fernandez, Jensen, Frankola, Anne Wojcicki, Kimberly White, Wojcicki Organizations: Service, SEC, Deloitte, 23andMe Board, Company, Business Locations: American

☆ Swiss bank UBS smashes third-quarter expectations with $1.4 billion in profit
▼ + stars: | 2024-10-30 | by ( Ruxandra Iordache | ) www.cnbc.com time to read: +2 min

Swiss banking titan UBS on Wednesday posted a large profit beat, after completing its first wave of client migrations following its integration of collapsed domestic rival Credit Suisse. Net profit attributable to shareholders came in at $1.43 billion, compared with a mean forecast of $667.5 million in a LSEG poll of analysts. UBS defends it is not "too big to fail." UBS still faces the lofty tasks of integrating its IT system with that of Credit Suisse, along with migrating clients — with the latter transition set to take around 18 months, Reuters reported earlier this month. The UBS results come after the profit beat of Germany's largest lender Deutsche Bank last Wednesday and join this week's spate of third-quarter reports from European lenders, including from BNP Paribas and Santander.

Persons: Sergio Ermotti, Goldman Sachs, Morgan Stanley Organizations: UBS, Wednesday, Credit Suisse, Credit Suisse —, Reuters, Swiss National Bank —, Deutsche Bank, BNP Paribas, Santander

☆ The Race for Global AI Standards
▼ + stars: | 2024-10-30 | by ( ) www.cnbc.com time to read: 1 min

The International Organization for Standardization (ISO) announced its ISO 42001 standard for AI management systems in 2023. In September, Schellman Compliance became the first organization approved to provide ISO 42001 certification to firms looking to ensure the AI systems they deploy are responsible and secure, striking the delicate balance between innovation and governance. Schellman's CEO explains the new standards and why certification matters. Guest: Avani Desai, Schellman Compliance CEO

Persons: Avani Desai Organizations: Organization for Standardization, Schellman

☆ Anthony Volpe’s hometown grand slam provides signature Yankees moment in Game 4
▼ + stars: | 2024-10-30 | by ( Chris Kirschner | ) www.nytimes.com time to read: +5 min

NEW YORK — Anthony Volpe’s jersey was caked in dirt as he fielded grounders at shortstop before the ninth inning of Game 4 of the World Series. The New York Yankees were on the brink of a victory that would keep their season alive. He launched a go-ahead grand slam in the third inning, giving the Yankees a 5-2 lead over the Los Angeles Dodgers. “Definitely number one.”Yankee Stadium hadn’t erupted like it did Tuesday in 15 years, not since Game 6 of the 2009 World Series. And perhaps, if they’re lucky, they’ll one day recount how that grand slam led to baseball immortality.

Persons: Anthony Volpe’s, grounders, Volpe, Derek Jeter, Volpe’s, Mickey Mantle, “, ” Volpe, Jeter, Olivia, Anthony Volpe, Sarah Stier, ” Austin Wells, Wells, Los Angeles, ‘, we’re, Jazz Chisholm, David Ortiz, Big Papi, ” Volpe chuckled Organizations: New York Yankees, Yankees, pushcart, Los Angeles Dodgers, Yankee, Dodgers, Los, Netflix, Red Sox, Fox, Boston, New Locations: New York, Italy, Manhattan

☆ For Nigerian artist Nengi Omuku every painting has two sides
▼ + stars: | 2024-10-30 | by ( Precious Adesina | ) edition.cnn.com time to read: +6 min

London CNN —At Frieze London this year, three large artworks by the artist Nengi Omuku were hung away from the walls so viewers could walk around them. The other presented strips of sanyan, a thick traditional Nigerian fabric that Omuku uses to replace the usual canvas fabric painters often use as their base. “The fact I’m painting on a vintage surface gives soul to my work,” Omuku said over Zoom two days before the fair opens. Omuku's work is painted directly onto strips of sanyan, a thick traditional Nigerian fabric. “I’d never seen a pre-colonial Nigerian textile before, and it looked quite similar to linen.”The artist has exhibited in Paris, New York, Bangkok and London.

Persons: CNN Style’s, Alayo, Nengi Omuku, ” Omuku, it’s, Yinka Shonibare, Omuku, Todd White, Loewe, Kristin Hjellegjerde, Keir Starmer, sanyan, “, ”, “ I’d, Rees, I’ve, there’s, “ I’m Organizations: CNN, London CNN, London, ”, Frieze’s, Slade School of Fine Art, Baltimore Museum of Art, Institute of Contemporary Art, ICA Miami, British, Downing, Co, Slade Locations: London, Nigeria, Lagos, Paris, Bangkok, New York, Miami, Paris , New York, Dakar, Senegal, Nigerian

☆ AMD CEO Lisa Su says GPU and CPU sales are nearly equal. Wall Street thinks that's not enough.
▼ + stars: | 2024-10-30 | by ( Emma Cosgrove | ) www.businessinsider.com time to read: +3 min

AMD's GPU sales are nearing CPU sales, driven by AI data center demand. AMD raised its 2024 GPU sales forecast to over $5 billion, up from $4.5 billion. AdvertisementWhat could also keep this dynamic from becoming permanent is the immaturity of the ecosystem around AMD GPUs. UBS analysts warned that 2025 may be yet another transition year in which AI data centers and GPU sales don't reach maturity — predicting higher GPU sales in 2026 than in 2025. The analysts expect $5 billion in GPU sales this year to reach around $8 billion next year.

Persons: —, Lisa Su, Su, Morgan Stanley Organizations: AMD, Service, Bank of America, Nvidia, UBS

☆ China 'does not agree or accept' the EU's EV tariffs, says negotiations are still ongoing
▼ + stars: | 2024-10-30 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +2 min

The EU and China have reportedly agreed to start talks on the planned imposition of tariffs on Chinese-made EVs. China's commerce ministry said it "does not accept" tariffs imposed by the European Union on Chinese electric vehicles, after the bloc increased tariffs on Chinese EVs to as high as 45.3% on Wednesday. The commerce ministry said "China will continue to take all necessary measures to resolutely safeguard the legitimate rights and interests of Chinese companies." China's commerce ministry also highlighted the EU has indicated it will continue to negotiate with China, adding that both sides are conducting a new round of consultations. On Oct. 25, Reuters reported the two sides were looking at possible minimum price commitments from Chinese producers or investments in Europe as an alternative to tariffs.

Persons: Xpeng Organizations: European Union, SAIC Motor, EU, World Trade Organization, Reuters Locations: Taicang Port, Suzhou, China's, Jiangsu Province, EU, China, Europe

☆ Harris plays cleanup on Biden 'garbage' comment
▼ + stars: | 2024-10-30 | by ( Dan Mangan | ) www.cnbc.com time to read: +4 min

Vice President Kamala Harris on Wednesday distanced herself from President Joe Biden's controversial comment that appeared to label supporters of former President Donald Trump as "garbage." Harris also said that Biden had "clarified" the comment he made Tuesday. "Just the other day, a speaker at his rally called Puerto Rico a 'floating island of garbage,'" Biden said on the call. In this version, it seemed that Biden was saying the "garbage" was Hinchcliffe's demonization of Latinos, not Trump supporters. In 2020, Biden beat Trump in the state by fewer than 81,000 votes, a margin of less than 1.2%.

Persons: Kamala Harris, Joe Biden's, Donald Trump, Harris, Biden, Tony Hinchcliffe, It's, we've, Trump, Hillary Clinton Organizations: Democratic, Air Force, Joint Base Andrews, GOP, Puerto Ricans, Trump, White, Puerto Rico spewed, Puerto Rican, Biden Locations: Maryland, Raleigh , North Carolina, New York City, Puerto Rico, Puerto, Madison, Puerto Rico . Pennsylvania, Pennsylvania

☆ 'Scary Movie' is back, and fans want to know which films will be parodied and if the original cast will return. Here's what we know.
▼ + stars: | 2024-10-30 | by ( Eammon Jacobs | ) www.businessinsider.com time to read: +4 min

It will be the sixth installment of the "Scary Movie" franchise. Advertisement"Scary Movie" is back, and fans want to know which films it will parody and if the original cast will return. Marlon and Shawn Wayans created the "Scary Movie" franchise in the late 1990s, and their brother, Keenen Wayans, directed it. The two stars appeared in every "Scary Movie" aside from 2013's "Scary Movie 5." If their doing a scary movie reboot.. what big horror movie/movies came out in the last decade that they could parody??

Persons: Wayans, —, Marlon, Shawn Wayans, It's, Shawn, Keenen Wayans, Jonathan Glickman, Anna Farris, aris, layed, amie K ennedy), cary, ecade, ince, oing Organizations: Service, Miramax, Paramount, Hollywood, Regina Hall, aris, ust

☆ Chipotle says ensuring 'consistent and generous portions' has taken a toll on its profitability
▼ + stars: | 2024-10-30 | by ( Dominick Reuter | ) www.businessinsider.com time to read: +3 min

Chipotle says it's tried to ensure "consistent and generous portions" after customer complaints. The move and unusual price fluctuations for avocados have hit the chain's profitability. Profit margins for the chain suffered last quarter due to a concerted effort to provide "consistent and generous portions" in every order, the company said Tuesday. "We are committed to ensuring that we give the right portion to every guest that walks into the building." Related storiesWhile that's good news for Chipotle diners, the chain said it was partly the reason for a hit to profitability in the last fiscal quarter.

Persons: Chipotle, it's, —, Scott Boatwright, Adam Rymer Organizations: Service, New York Locations: Chipotle, New York City

☆ I travel with my mom every year. We've been around the world, but one activity is the glue to our trips.
▼ + stars: | 2024-10-30 | by ( Anna Staropoli | ) www.businessinsider.com time to read: +1 min

Every year, my mom and I plan a trip anchored by a different food festival. Food festivals reduce the pressure of planning and allow us to immerse ourselves in new places. We've traveled across the country and to various continents, but there's one activity that serves as the glue to our trips — food festivals. By attending food festivals around the world, we're able to experience the local culture in a unique way. As an added bonus, festivals also make our trips easier to plan and always turn into an unforgettable experience.

Persons: —, We've Organizations: Service

☆ Snap surges 10% as it gets a major boost from AI and paid subscribers
▼ + stars: | 2024-10-30 | by ( Shubhangi Goel | ) www.businessinsider.com time to read: +4 min

Snap's revenue growth was attributed to AI features and growth in Snapchat+ users. Spiegel said Snap has also introduced AI tools for creators, which it has been pushing to onboard onto the platform recently. However, Snap projected that the current quarter will only see the number of users grow by 8 million to 451 million. Related storiesPaid subscribers and AI are boosting SnapThe CEO also attributed the revenue growth to paid subscriptions. Snap's 443 million user base is small compared to Meta's 3.3 billion users, and TikTok's more than 1 billion users, both of which it directly competes with for ad revenue.

Persons: —, Evan Spiegel, Spiegel, James Heaney Organizations: Service, Google, Jefferies

☆ US economic growth came in slightly under expectations but consumer spending remains strong
▼ + stars: | 2024-10-30 | by ( Madison Hoff | ) www.businessinsider.com time to read: +4 min

AdvertisementIn the third quarter, US economic growth fell short of expectations but remained strong. "The increase in real GDP primarily reflected increases in consumer spending, exports, and federal government spending," the news release said. Consumer spending was a particular highlight, with personal consumption expenditures growing at a strong 3.7% annualized rate. AdvertisementThe weaker-than-expected GDP growth doesn't necessarily mean the US is heading toward a recession. Investment in nonresidential equipment had another strong quarter, surging at an annualized rate of 11.1%.

Persons: —, David Kelly, Hurricane Helene, Hurricane Milton, Mark Hamrick Organizations: Federal Reserve, Service, Investment, Fed, Morgan Asset Management, Commerce Department, Hurricane Locations: Hurricane

☆ Ether is set to gain ground on bitcoin with charts indicating 20% upside from here
▼ + stars: | 2024-10-30 | by ( ) www.cnbc.com time to read: +3 min

With bitcoin approaching a major breakout attempt and new all-time highs, it continues to attract all of the attention and rightly so. While it may seem like ether has been out of favor for a considerable length of time, it's not anything different than we've seen before over the years. Overall, there have been five relative phases – with the other two being the times when ETH outperformed BTC. But we've seen it before. Every time is different, but we've now seen bitcoin and ETH leverage technical patterns for nearly a decade now.

Persons: we've, they've, Frank Cappelleri Organizations: ETH, BTC, CNBC, NBC UNIVERSAL Locations: ETH

☆ Liam Payne’s producer announces he’s delaying the singer’s posthumous single
▼ + stars: | 2024-10-30 | by ( Lisa Respers France | ) edition.cnn.com time to read: +1 min

CNN —A new song by the late singer Liam Payne that was set to debut Friday will be delayed. One of his producers, Sam Pounds, announced on social media Tuesday that Payne’s new single, “Do No Wrong,” would not be released on Thursday as had been previously announced. I want all proceeds go to a charity of their choosing (or however they desire),” Pounds wrote on social media. With love Sam Pounds.”Today I’m deciding to hold “ Do No Wrong” and leave those liberties up to all family members. We are all still mourning the passing of Liam and… — Sam Pounds (@iamsampounds) October 29, 2024An investigation into the singer’s death is ongoing.

Persons: Liam Payne, Payne, Sam Pounds, ”, I’m, ” Pounds, Liam, … — Sam Pounds, ” Payne Organizations: CNN, “, ” Locations: Buenos Aires, Argentina, VeeCon

☆ NFL trade deadline predictions: Will Bryce Young, Mike Williams and others stay put or move on?
▼ + stars: | 2024-10-30 | by ( Mike Jones | ) www.nytimes.com time to read: +7 min

The lead-up to the Nov. 5 NFL trade deadline has already featured a good deal of action, as wide receivers Davante Adams, Amari Cooper, DeAndre Hopkins and Diontae Johnson all changed addresses within the last two weeks. Monday, the Kansas City Chiefs added pass rusher Josh Uche via trade with the New England Patriots to further bolster their defense. GO DEEPER What every NFL team should do at the trade deadline: Buy, sell or stand pat? The Panthers, however, don’t seem ready to admit just yet that they erred so greatly in their Young selection. (Top illustration: Dan Goldfarb / The Athletic; photos of Bryce Young, Travis Etienne and Mike Williams: Brooke Sutton / Getty Images, Gary McCullough and Adam Hunger / Associated Press)

Persons: Davante Adams, Amari Cooper, DeAndre Hopkins, Diontae Johnson, Josh Uche, Maxx Crosby, Myles Garrett, Andy Dalton, Young, Jadeveon, Bob Donnan, Aidan Hutchinson, Clowney, Davis, Za’Darius Smith, Ken Blaze, Garrett, — Smith —, Smith, Smith hasn’t, Jeff Hafley, Etienne, Adams, Williams, Dan Goldfarb, Bryce Young, Travis Etienne, Mike Williams, Brooke Sutton, Gary McCullough, Adam Hunger Organizations: Kansas City Chiefs, New England Patriots, Las Vegas Raiders, Cleveland Browns, NFL, Panthers, Denver Broncos, The Panthers, Carolina Panthers LB, NFC, Detroit, Atlanta, Baltimore Ravens, Carolina, Chicago, Bears, Browns, Packers, Green Bay, Scoop, Williams, Getty, Associated Press Locations: Carolina, Detroit, Atlanta, Arizona, Clowney, Minnesota, New York

☆ Flash floods are a worsening scourge worldwide — here's why
▼ + stars: | 2024-10-30 | by ( Mikhaila Friel | Hannah Abraham | ) www.businessinsider.com time to read: +7 min

Flash floods are becoming more common and more intense due to global warming. The impact of flash flooding can be particularly severe because, often, there is very little warning. Why are there more flash floods? The Environmental Defense Fund (EDF), a US-based nonprofit, said flash flooding has intensified because of increased rainfall and heat waves. Mateo Villalba Sanchez/Getty ImagesNon-environmental factors, such as new infrastructure and better weather warnings, can help prevent the impact of flash flooding.

Persons: Ernesto Rodríguez Camino, —, Mateo Villalba Sanchez, Jess Neumann, John Marsham, Liz Stephens, shouldn't, Stephens Organizations: Service, European Environment Agency, Victoria University of Wellington, Spanish Meteorological Association, Environmental Defense Fund, EDF, World Health Organization, WHO, University of Reading, University of Leeds, US Army Corps of Engineers Locations: Spain, Florida, Europe, New Zealand, US

☆ Behind the curtain on Democrats’ unprecedented digital advertising campaign
▼ + stars: | 2024-10-30 | by ( David Wright | ) edition.cnn.com time to read: +13 min

CNN —Democrats are mounting an unprecedented digital advertising campaign in the closing weeks of the presidential race, pouring hundreds of millions of dollars into a targeted effort that the party hopes will tip the balance in one of the closest elections in US history. The effort is being steered by Future Forward PAC, or FF PAC, the largest single-candidate super PAC in the 2024 election. The 2024 election is poised to break the record set by the 2020 election and see $10.2 billion worth of campaign advertising, according to the ad tracking firm AdImpact. The ad laboratoryWith its massive war chest, FF PAC has faced the challenge of effectively and efficiently distributing its resources. FF PAC has not engaged in a comparable turnout effort, leaving that traditional campaign activity to the cash-flush Harris operation.

Persons: Kamala Harris, Donald Trump’s, Harris, ’, Joe Biden’s, Trump, Michael Bloomberg, Dustin Moskovitz, Reid Hoffman, –, John Kelly, “, ”, Ian Sams, Roe, Wade, ” Margit Westerman, we’ve, Peacock, Elon Musk, Harris ’ Organizations: CNN, Future Forward PAC, FF PAC, PAC, FF, Super, Democratic Party’s, Citizens United, Commission, Biden, Trump, Democratic, New York, Facebook, LinkedIn, Bloomberg, New York Times, PAC’s, YouTube, Olympics, Hulu, Univision, Warner Bros, GOP countereffort FF, Republican, Google, Harris, Republicans, Preserve, America PAC, Restoration PAC, America PAC –, MAGA Inc, GOP, Inc, Elon, FF PAC’s, Department of Justice Locations: Pennsylvania, Michigan , Wisconsin , Arizona , Nevada , North Carolina, Georgia, AdImpact, Preserve America, Philadelphia

After months of incremental measures, Chinese President Xi Jinping in late September led a top-level meeting that vowed to "halt the real estate market decline." Earlier this month, the Finance Ministry introduced more measures aimed at stabilizing the real estate sector. Property sales and new home construction are unlikely to stabilize until 2027, Goldman forecast. watch nowS&P Global Ratings and Morgan Stanley this month also published reports forecasting China's real estate market will bottom in the second half of 2025. China's latest efforts to bolster confidence have given the real estate market a lift.

Persons: Xi Jinping, Goldman Sachs, Goldman, Morgan Stanley, Edward Chan, Nomura Organizations: China Vanke Co, Bloomberg, Getty, Finance Ministry, Goldman, China Index Academy, P Global, National Bureau of Statistics Locations: China, Hefei, Beijing

☆ Gaming giant Take-Two is in talks to sell its Chartboost adtech division
▼ + stars: | 2024-10-30 | by ( Lara O'Reilly | ) www.businessinsider.com time to read: +5 min

Take-Two Interactive is in talks to sell its adtech division Chartboost. AdvertisementTake-Two Interactive, the video games giant behind franchises like "NBA 2K24" and "Grand Theft Auto," is in talks to sell its adtech division Chartboost. Adtech companies AppLovin and LoopMe have emerged as potential buyers for the Chartboost assets, the people said. AdvertisementTake-Two acquired Chartboost through its 2022 $12.7 billion purchase of the mobile gaming company Zynga. AppLovin offers a similar, but larger, business to Chartboost — offering developers adtech to make money from their mobile games and find new users.

Persons: —, LoopMe, AppLovin, It's, Maggie Mesa, LUMA Organizations: AAA, Service, Business, Zynga, Mayfair Equity Partners, LUMA Partners Locations: FarmVille, Chartboost

☆ S&P 500 futures slip after Microsoft reports; traders brace for key inflation data: Live updates
▼ + stars: | 2024-10-30 | by ( Brian Evans | ) www.cnbc.com time to read: +2 min

Stock futures slid on Wednesday evening, as Wall Street absorbed a fresh batch of earnings reports from megacap technology names. S&P 500 futures lost 0.3%, and Nasdaq 100 futures fell 0.5%. Futures tied to the Dow Jones Industrial Average declined 27 points. The S&P 500 declined 0.3%, while the Dow dropped 0.2%, and the Nasdaq Composite fell nearly 0.6%. Economists polled by Dow Jones expect that the PCE grew by 0.2% on a monthly basis and 2.1% from a year earlier.

Persons: Dow Jones, Jamie Cox Organizations: New York Stock Exchange, Stock, Nasdaq, Dow Jones, Dow, Investors, Federal, Harris Financial, Tech, Apple, Merck, Intel

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