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☆ Brent Crude could rise to $90 a barrel if Israel attacks Iranian export facilities, says RBC's Croft
▼ + stars: | 2024-10-04 | 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 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

☆ EU countries are split on China EV tariffs: Hinrich Foundation
▼ + stars: | 2024-10-04 | 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 EmailEU countries are split on China EV tariffs: Hinrich FoundationDeborah Elms, head of trade policy at the Hinrich Foundation, discusses divisions in the EU over the second round of voting on tariffs for Chinese electric vehicle imports.

Persons: Hinrich, Deborah Elms Organizations: EU, Foundation Locations: China, EU

☆ Near-term net sentiment for emerging markets ‘still pretty robust,’ HSBC’s Ulgen says
▼ + stars: | 2024-10-04 | 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 EmailNear-term net sentiment for emerging markets ‘still pretty robust,’ HSBC’s Ulgen saysMurat Ulgen, global head of EM research at HSBC, discusses the findings of the bank’s quarterly emerging markets survey.

Persons: HSBC’s Ulgen, Murat Ulgen Organizations: HSBC

☆ Jobless rates fall for Black and Hispanic men in September
▼ + stars: | 2024-10-04 | by ( Hakyung Kim | In Hakyungkim | ) www.cnbc.com time to read: +2 min

This trend bucked the overall unemployment rate, which inched lower to 4.1% in September, down just 0.1 percentage point from August. In September, Black men saw their jobless rate fall to 5.1% from 5.9% in the month prior. The jobless rate similarly fell for Hispanic men to 4.1% from 4.8% last month. The unemployment rate for men in Black and Hispanic racial groups declined in September while staying little-changed for other racial groups, according to data released Friday by the Department of Labor. "Black unemployment typically holds about two times higher than White unemployment, among the first to be laid off.

Persons: Sarah Foster, Foster, — Organizations: Amerant Bank, Department of Labor Locations: Florida, Sunrise , Florida, Black

☆ Anne Hathaway confirms ‘Princess Diaries 3’ on social media: ‘Miracles happen’
▼ + stars: | 2024-10-04 | by ( Dan Heching | ) edition.cnn.com time to read: +2 min

CNN —You might be thinking, “Shut up!” but it’s officially true: the “Princess Diaries” franchise is finally growing. The video then cut to a younger Hathaway in the now classic 2001 film “The Princess Diaries,” in which she was seen uttering the iconic line, “A princess?! “Miracles happen,” Hathaway wrote in the caption, before adding “Back to Genovia” in a nod to the fictional kingdom from the film series. Anne Hathaway as Princess Mia in "Princess Diaries." Walt Disney Pictures“The Princess Diaries” tells the tale of Mia Thermopolis, played by Hathaway, an unsuspecting teen who discovers she is the heir apparent to a royal throne.

Persons: Anne Hathaway, Hathaway, Oscar, Julie Andrews, ”, “ Joyride, Adele Lim, ” Hathaway, Princess Mia, Mia Thermopolis, Andrews, Queen Clarice Renaldi, Mia’s, Meryl Streep, Emily Blunt, Stanley Tucci, Miranda Priestly, Emily Charlton, Blunt, Miranda Organizations: CNN, Disney, Walt Disney Pictures Locations: Genovia

☆ Looking to invest in the 'Magnificent Seven'? Dan Niles reveals the 2 he likes
▼ + stars: | 2024-10-04 | by ( Amala Balakrishner | In Amala-Balakrishner | ) www.cnbc.com time to read: +4 min

Hedge fund manager Dan Niles is particularly bullish on one tech stock going in to 2025. That stock is Meta Platforms — the tech giant behind social media platforms Facebook and Instagram as well as instant messaging app WhatsApp. META YTD mountain Year-to-date shares in Meta Platforms Meta is among the so-called "Magnificent Seven" stocks that several investors have been looking at favorably this year. Meta's "really the one that's using AI the best internally," Niles noted. 'Premium name' In addition to Meta, Niles is also keeping a watch on chipmaker Nvidia .

Persons: Dan Niles, Niles, CNBC's, Jensen Huang Organizations: Facebook, Niles Investment Management, Meta, Apple, Microsoft, Nvidia, Tesla, U.S

☆ The U.S. is enjoying a 'Goldilocks' moment, says BofA's Savita Subramanian
▼ + stars: | 2024-10-04 | 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. is enjoying a 'Goldilocks' moment, says BofA's Savita SubramanianSavita Subramanian, BofA Securities head of U.S. equity and quantitative strategy, joins 'Squawk Box' to discuss the state of the economy, what to expect from today's September jobs report, the Fed's inflation fight, latest market trends, and more.

Persons: BofA's Savita Subramanian Savita Subramanian Organizations: BofA Securities

☆ Russia can rely on China for the yuan, but China can't rely on anyone else
▼ + stars: | 2024-10-04 | by ( Huileng Tan | ) www.businessinsider.com time to read: +5 min

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

☆ CNBC TechCheck Evening Edition: October 04, 2024
▼ + stars: | 2024-10-04 | 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 EmailCNBC TechCheck Evening Edition: October 04, 2024CNBC's TechCheck brings you the latest in tech news from CNBC's 1 Market in the heart of San Francisco.

Persons: TechCheck Organizations: CNBC Locations: San Francisco

☆ I was struggling to figure out what I wanted in life. Going on my first cruise helped.
▼ + stars: | 2024-10-04 | by ( Laura Gio Carroll | ) www.businessinsider.com time to read: +6 min

Carroll had little interest in cruises, but a writing retreat aboard the Queen Mary 2 intrigued her. The solo travel part wasn't out of character — I'd spent most of my 20s backpacking alone. It was this writing retreat — with its promise of expert instruction plus time to focus — that enticed me to get on board a ship. I was hoping that a writing retreat would reignite that spark. Laura Gio CarrollAs it turned out, the writing cruise went swimmingly (despite my never once going swimming while aboard).

Persons: Laura Gio Carroll, Carroll, Queen Mary, she's, —, — I'd, I'd, wouldn't, I've Organizations: Service, Netflix Locations: Cruises

☆ Chinese stocks could rally 15% as more stimulus spurs a GDP growth spurt next year, SocGen says
▼ + stars: | 2024-10-04 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +3 min

Chinese stocks could climb as much as 15% on the nation's expected fiscal stimulus package, SocGen said. The stimulus measures could push China's GDP to grow as much as 5% next year, strategist said. The package could amount to as much as 3 trillion yuan, or $427 billion, and include an "open-ended commitment" for a bigger stimulus package the following year. "The exact magnitude of the boost will be subject to the size and details of the fiscal package … the sustainability of housing stabilization and household wealth recovery." AdvertisementOther experts have noted that China's monetary stimulus measures are unlikely to be effective without fiscal stimulus to go along with it.

Persons: SocGen, —, Société Générale Organizations: Service, National People's Conference Locations: Beijing, China

☆ Kirk Cousins passes for franchise-record 509 yards as Falcons stun Buccaneers in overtime thriller on Thursday Night Football
▼ + stars: | 2024-10-04 | by ( Jamie Barton | ) edition.cnn.com time to read: +3 min

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

☆ 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

☆ Antarctica is turning green at an alarming rate, satellite images show
▼ + stars: | 2024-10-04 | by ( Laura Paddison | ) edition.cnn.com time to read: +4 min

CNN —Parts of icy Antarctica are turning green with plant life at an alarming rate as the region is gripped by extreme heat events, according to new research, sparking concerns about the changing landscape on this vast continent. Vegetation covered less than 0.4 square miles of the Antarctic Peninsula in 1986 but had reached almost 5 square miles by 2021, the study found. The rate at which the region has been greening over nearly four decades has also been speeding up, accelerating by more than 30% between 2016 and 2021. Vegetation growing on Green Island on the Antarctic Peninsula, which is warming much faster than the global average. Matt AmesburyA part of Barrientos Island that has given way to plant life.

Persons: Matt Amesbury, Dan Charman, Thomas Roland, ” Roland, ”, Charman, Olly Bartlett, Matthew Davey, Davey, Mary Gilbert Organizations: CNN, British Antarctic Survey, Nature, University of Exeter, University of Hertfordshire, Scottish Association for Marine Science Locations: South America, Exeter, Hertfordshire, England, Barrientos, Antarctica

☆ Paul Simon is ‘optimistic’ about returning to live performance after partially losing hearing
▼ + stars: | 2024-10-04 | by ( Catherine Nicholls | ) edition.cnn.com time to read: +2 min

CNN —Legendary singer Paul Simon has said he is “optimistic” about being able to return to performing live after losing most of his hearing in his left ear. So everything became more difficult.”Even before he announced the loss of his hearing, Simon toured for the last time in 2018, after which he said he was ending his touring career. “I never said I was going to retire,” Simon said in his latest interview. It was very interesting and really quite pleasurable for a long time – until my hearing loss threw me off.”Simon recently played alongside two guitarists at a fundraiser for the Stanford Initiative to Cure Hearing Loss, his longest performance in five years. “In Restless Dreams: The Music of Paul Simon,” which premiered in March in the United States, is set for release in UK cinemas on October 13, Simon’s 83rd birthday.

Persons: Paul Simon, ” Simon, Simon, Garfunkel, “, we’d, Alex Gibney, ”, Simon’s Organizations: CNN, Guardian, The Times, Stanford Initiative Locations: United States

☆ I'm a new mom and a recent cancer survivor. I have to make space for both the joy and the fear.
▼ + stars: | 2024-10-04 | by ( Autumn Gavora | ) www.businessinsider.com time to read: +6 min

I've learned that it's OK to make space for both. For the next year and a half, the same lymph node was flagged as suspicious, leaving me in a constant state of limbo. The lymph node that had caused me so much anxiety — the last holdout — was clear. Most of all, I've learned to enjoy the life that I was given a second chance to live. I've learned to cherish this incredible gift while hoping to be here with him as long as possible.

Persons: I've, —, Will Organizations: Service, Daily

☆ Cramer breaks down the government's block of Spirit's merger with JetBlue and potential bankruptcy filing
▼ + stars: | 2024-10-04 | by ( Jim Cramer | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCramer breaks down the government's block of Spirit's merger with JetBlue and potential bankruptcy filing'Mad Money' host Jim Cramer takes a look at Spirit Airlines as shares tumbled to a record low on Friday after a report that it's exploring Chapter 11 bankruptcy protection.

Persons: Cramer, Jim Cramer Organizations: JetBlue, Spirit Airlines

☆ Stocks making the biggest moves midday: Rivian, Abercrombie & Fitch, CVS, Spirit Airlines and more
▼ + stars: | 2024-10-04 | by ( Pia Singh | In | ) www.cnbc.com time to read: +2 min

Abercrombie & Fitch - Shares of the teen apparel retailer jumped nearly 8% after JPMorgan added it to its positive catalyst watch list. JetBlue shares jumped more than 15% on the news. Summit Therapeutics – The biopharmaceutical company added 2%. Other international shipping stocks saw losses as well, including Danish shipping giant Maersk at 5% . CVS Health — The company's shares added 3.3%.

Persons: Abercrombie &, Matthew Boss, Hollister, Tencent, — CNBC's Sean Conlon, Hakyung Kim, Christina Cheddar, Berk, Lisa Kailai Han Organizations: Abercrombie, Abercrombie & Fitch, JPMorgan, Spirit Airlines, JetBlue Airways —, Wall Street, JetBlue, Vistra, Nvidia, Therapeutics, Drug Administration, Ubisoft Entertainment, Bloomberg News, Ubisoft, SilverCrest Metals, Mining, Zim Integrated Shipping Services —, U.S, dockworkers, United States Maritime Alliance, Maersk, CVS Health, CNBC, CVS

☆ Jamie Dimon: No, I haven't endorsed Donald Trump
▼ + stars: | 2024-10-04 | by ( Grace Eliza Goodwin | ) www.businessinsider.com time to read: +4 min

Jamie Dimon denied Donald Trump's claim that the JPMorgan Chase CEO had endorsed him. AdvertisementJamie Dimon hasn't endorsed Donald Trump — despite what the former president wrote on social media. The Republican presidential nominee posted a photo on Truth Social on Friday of Dimon with a caption above reading, "New: Jamie Dimon, the CEO of JPMorgan Chase, has endorsed Trump for President," beside a red siren emoji. But a spokesperson for JPMorgan Chase told Business Insider, "Jamie Dimon has not endorsed a candidate." Advertisement"I have a lot of respect for Jamie Dimon," Trump told the outlet, adding that, "He is somebody that I would consider, sure," when Bloomberg suggested the possibility of offering Dimon the role of Treasury Secretary.

Persons: Jamie Dimon, Donald Trump's, Trump, Dimon, Elon, —, Jamie Dimon hasn't, Donald Trump —, JPMorgan Chase, Tesla, Elon Musk, Mark Cuban, Kamala Harris, — Dimon, he'd, Nikki Haley, Trump's, CNBC's Organizations: JPMorgan Chase, Service, Republican, JPMorgan, Business, SpaceX, Trump, Democratic, Bloomberg Businessweek, Bloomberg, NATO, CNBC, TV18, White Locations: China

☆ Álvaro Morata: Soccer star forced to move house immediately after mayor’s social media blunder
▼ + stars: | 2024-10-04 | by ( Ben Church | ) edition.cnn.com time to read: +1 min

CNN —Spanish soccer star Álvaro Morata’s dreams of living a peaceful life on the outskirts of Milan have been shattered after a local municipality’s mayor made a social media blunder. Seemingly excited by the 31-year-old’s arrival, Corbetta’s mayor Marco Ballarini welcomed Morata in a post on Instagram. The champion Álvaro Morata is our new Corbetta resident,” Ballarini wrote Thursday, admitting he was a fan of Milan’s bitter crosstown rival Internazionale. My only treasure is my children, whose safety you have endangered,” Morata wrote, per Reuters. Morata has played for a host of top teams during his career, such as Real Madrid, Juventus and Chelsea.

Persons: Morata, Corbetta’s, Marco Ballarini, Álvaro Morata, ” Ballarini, “, ” Morata Organizations: CNN, Milan, Internazionale, Reuters, Real Madrid, Juventus, Chelsea Locations: Spanish, Milan, Spain, Italian, Corbetta –, Corbetta

☆ PRO: Watch CNBC's full interview with the "Talk of the Tape" panel
▼ + stars: | 2024-10-04 | 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 EmailPRO: Watch CNBC's full interview with the "Talk of the Tape" panelJill Carey Hall, Bank of America global research, and Courtney Garcia, Payne Capital Management, and Jeremy Siegel, Wharton School professor of finance, join 'Closing Bell' to discuss the latest news affecting markets.

Persons: Jill Carey, Courtney Garcia, Jeremy Siegel Organizations: Jill Carey Hall , Bank of America, Payne Capital Management, Wharton School

☆ A Ryanair Boeing plane caught fire on a runway in Italy while taxiing for takeoff
▼ + stars: | 2024-10-04 | by ( Aditi Bharade | ) www.businessinsider.com time to read: +2 min

A Ryanair flight in Italy was delayed after fumes were seen coming out of the aircraft. This comes just days after another Ryanair flight's tires burst while landing in Milan. AdvertisementA Ryanair flight in Italy caught fire as it was taxiing on the runway in an airport in southern Italy. Flight FR8826 from Brindisi to Turin, a city near Italy's border with France, caught fire on Thursday, according to CNN. "I think that both Airbus and Boeing, certainly Boeing, need to significantly improve quality control," O'Leary told the Financial Times.

Persons: —, Michael O'Leary, O'Leary, Ryanair didn't Organizations: Ryanair, Service, CNN, Boeing, Max, Passengers, Milan's Bergamo, Alaska Airlines, Airbus, Financial, Business Locations: Italy, Milan, Brindisi, Turin, Italy's, France, Barcelona

☆ Meta, challenging OpenAI, announces new AI model that can generate video with sound
▼ + stars: | 2024-10-04 | by ( ) www.cnbc.com time to read: +3 min

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

☆ With misinformation swirling in Hurricane Helene’s wake, officials urge residents to ‘stop this conspiracy theory junk’
▼ + stars: | 2024-10-04 | by ( Michael Williams | ) edition.cnn.com time to read: +8 min

Presenting no evidence, Trump claimed earlier this week that the Biden administration, along with North Carolina’s Democratic Gov. Those rumors prompted many state and local officials – including other Republicans – to push back. North Carolina Lt. Gov. The few that aren’t are owned by states other than North Carolina.” That statement is directly contradicted by an earlier tweet from the North Carolina National Guard, which reported it had conducted 57 air missions and rescued more than 400 people. “I think what makes it particularly frustrating is clearly, in these times, social media could be an invaluable source of reliable information.”

Persons: Hurricane Helene, ”, David Harker, Harker, Donald Trump, Elon Musk, Helene, Trump, Biden, Roy Cooper, Musk, ” Trump, –, Sen, Kevin Corbin, “, ” Corbin, Cooper, that’s, Deanne Criswell, Bill Lee, ” Lee, Mark Robinson, Robinson, Todd Hunt, Ron DeSantis, Ardis Watkins, Marjorie Taylor Greene, Greene, it’s, ” Harker Organizations: CNN — Local, Humanities, East Tennessee State University, North Carolina’s Democratic Gov, Federal Emergency Management Agency, FEMA, Facebook, Tennessee Emergency Management Agency, National Guard, Tennessee Gov, Republican, Gov, North Carolina National Guard, “, Soldiers, Florida Gov, State Employees Association of North, Local, CNN, East Tennessee State Locations: United States, North Carolina, Tennessee, “ Florida, State Employees Association of North Carolina, North Georgia

☆ Google Search's new AI makeover is the latest change the rest of the internet needs to navigate
▼ + stars: | 2024-10-04 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +8 min

In today's big story, Google Search is going to look a whole lot different thanks to generative AI . According to Rhiannon Bell, the vice president of user experience for Google Search, it's a "pretty dramatic shift from where we were before." AdvertisementAnd yes, in case you were wondering if it was coming, Google is going to start putting ads in its AI Search results — but only when Google deems them relevant. Google's new AI-organized search results GoogleSearch's revamp addresses a big concern for the rest of the internet. One survey conducted earlier this year found 60% of people who used Google's AI search found it more effective than non-AI powered Search.

Persons: —, Morgan Stanley, Tyler Le, Hugh Langley, Tech's, Hugh, Rhiannon Bell, Gen, Jenny Chang, Rodriguez, Ned Davis, Kalshi, Andy Jassy F, Carter Smith, Chelsea Jia Feng, Andy Jassy, Marc Andreessen, he's, Alyssa Powell, dockworkers, hasn't, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, Milan Sehmbi, Amanda Yen Organizations: Business, Service, Costco, Tech, Google, Getty, Ned, Ned Davis Research, CFTC, Bloomberg, Getty Images, Amazon, LinkedIn, YouTube, EU . US Department of Labor Locations: China, San Francisco, EU, New York, London

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