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☆ Microsoft CFO says OpenAI investment will cut into profit this quarter
▼ + stars: | 2024-10-30 | by ( Jordan Novet | ) www.cnbc.com time to read: +3 min

Microsoft 's massive investment in OpenAI is weighing on earnings. The accounting approach refers to a company's share of the invested company's profit or loss in a given period, a Microsoft spokesperson said. The OpenAI investment disclosure was new for Microsoft, but the company has registered over $2.3 billion in other expense in the past four quarters. On the earnings call, Microsoft CEO Satya Nadella said the collaboration with OpenAI has benefited both parties and that the company feels good about "our investment stake in OpenAI." WATCH: Oppenheimer downgrades Microsoft: OpenAI losses are not properly priced in

Persons: Satya Nadella, Sam Altman, Amy Hood, OpenAI, Hood, Microsoft's, OpenAI's, OpenAI didn't, Oppenheimer Organizations: Microsoft, Google, OpenAI Locations: San Francisco, OpenAI

☆ NFL Week 8 takeaways: Are the Lions Super Bowl favorites? Can the Rams make a late season surge? Are the Eagles back?
▼ + stars: | 2024-10-30 | by ( Ben Morse | ) edition.cnn.com time to read: +27 min

Jed Jacobsohn/AP Indianapolis Colts wide receiver Alec Pierce is tackled by Miami Dolphins linebacker Jordyn Brooks on October 20 in Indianapolis. Matthew Pearce/Icon Sportswire/Getty Images Green Bay Packers wide receiver Romeo Doubs dives for a touchdown in Green Bay, Wisconsin, on October 13. Samuel became the first wide receiver in NFL history with 20 touchdown receptions and 20 touchdown runs after scoring on a 76-yard touchdown catch. Ken Blaze/USA Today Sports/Reuters Washington Commanders running back Brian Robinson Jr. breaks a tackle from Tampa Bay Buccaneers linebacker K.J. David Banks/USA Today Sports/Reuters Rhamondre Stevenson of the New England Patriots runs the ball against Cincinnati Bengals defenders in Cincinnati on September 8.

Persons: Tua Tagovailoa, Carmen Mandato, Noah Brown, Mary, Peter Casey, Bo Nix, Morgan Engel, Chase Brown, Sydney Brown, Joseph Maiorana, Sam Darnold, Byron Young, Young, Tra Blake, Mark J, Terrill, Justin Herbert, Mack Wilson Sr, Michael Owens, Chris Conley, Trent McDuffie, Jed Jacobsohn, Alec Pierce, Jordyn Brooks, Andy Lyons, Brandon McManus, Morry Gash, Zach Ertz, Greg Fiume, DaVon Hamilton, Julian Finney, Riley Moss, Ladd McConkey, Ron Chenoy, Brian Branch, Matthew Pearce, Patrick McDermott, Pat Surtain, AAron Ontiveroz, C.J, Gardner, Johnson, David Njoku, Matt Rourke, Claudin, Kirk Cousins, Grant Halverson, Caleb Williams, Williams, Zac Goodwin, Deebo Samuel, Samuel, John Froschauer, Isaac Yiadom, Ji'Ayir Brown, DK Metcalf, Steven Bisig, Willie Gay Jr, Gay, Ed Zurga, Camryn Bynum, Steve Luciano, Keon Coleman, Eric Gay, Trevor Lawrence, David Rosenblum, Daniel Whelan, Gregory Bull, Trey Sermon, Nathan Ray Seebeck, Ka'imi Fairbairn, Deommodore Lenoir, Ezra Shaw, Cooper Neill, Aaron Rodgers, Rodgers, Jayden Daniels, Christian Petersen, Tremon Smith, Greg Zuerlein, Seth Wenig, Ja'Tavion Sanders, Germaine Pratt, Eric Murray, George Kittle, Darius Slayton, Eric Kendricks, Brad Penner, Reuters Damar Hamlin, Bryan M, Bennett, Calvin Austin III, Brandon Sloter, Johnny Mundt, Stephen Maturen, John Amis, Aaron Jones, Stacy Bengs, Dak Prescotts, Allen Lazard, Alex Austin, Darnell Mooney, Matt Slocum, Patrick Mahomes, Dax Hill, Jay Biggerstaff, Deebo Samuel Sr, Ivan Pace Jr, Abbie Parr, Alvin Kamara, Kamara, Tim Heitman, Tagovailoa, Jasen, Caroline Brehman, Shutterstock, Dak Prescott, Prescott, Ken Blaze, Brian Robinson Jr, K.J, Britt, Jaylen Waddle, Hill, Stephanie V, Daniels, Al Diaz, Justin Fields, Danny Karnik, Okonkwo, Tyrique Stevenson, David Banks, Reuters Rhamondre Stevenson, Jason Mowry, Andrew Van Ginkel, Vincent Carchietta, Rebecca Blackwell, Khalil Shakir, Justin Jones, Jordan Love, Brooke Sutton, São Paulo, South America Kirby Lee, Taylor Swift, Travis Kelce, Reed Hoffmann, Isaiah, Patrick Mahomes scrambles, Charlie Riedel, Dan Campbell, We’ve, Khalil Dorsey, Raymond, Jared Goff, Goff, Jahmyr Gibbs, David Montgomery –, Knuckles ”, –, Gibbs, Campbell, he’s, ” Campbell, that’s, Lon Horwedel, Aiden Hutchinson, ’, Cooper Kupp, Puka Nacua, – Jonah Jackson, Joe Noteboom, Steve Avila –, Sean McVay, Kupp, Harry, calvary, Nacua, Matthew Stafford, Kyren Williams, McVay, ”, “ We’ve, “, ” Nacua, Gary A, Vasquez, hasn’t, Nick Sirianni, Jalen, DeVonta Smith, Saquon Barkley, Vic Fangio, Cooper DeJean, Ja’Marr Chase, Smith, AJ Brown –, ” Sirianni, Carolyn Kaster Organizations: CNN, National Football League . Miami Dolphins, Arizona Cardinals, Hard, Sunday, Dolphins, Getty Images, Chicago Bears, USA, Sports, Reuters Denver Broncos, Broncos, Carolina Panthers, Getty Images Cincinnati Bengals, Philadelphia Eagles, Eagles, Reuters Minnesota Vikings, Los Angeles Rams, Rams, Los Angeles Chargers, Chargers, Getty, San Francisco 49ers, Kansas City Chiefs, AP Indianapolis Colts, Miami Dolphins, The Colts, Green Bay Packers, Houston Texans, Packers, AP Washington, Getty Images Jacksonville Jaguars, New England Patriots, Jaguars, Getty Images Denver Broncos, Reuters Detroit Lions, Dallas Cowboys, The Lions, Cowboys, Denver Post, Cleveland Browns, AP Carolina Panthers, Atlanta, Panthers, Getty Images Chicago Bears, Jacksonville Jaguars, Tottenham Hotspur, Seattle Seahawks, Reuters New, Reuters New Orleans Saints, Chiefs, Saints, AP Minnesota Vikings, New York Jets, Vikings, AP Buffalo Bills, Bills, AP Jacksonville Jaguars, Indianapolis Colts, Reuters Houston Texans, Buffalo Bills, AP San Francisco 49ers, Deommodore, Cardinals, 49ers, Las Vegas Raiders, Minnesota Vikings, Cincinnati Bengals, Bengals, Getty Images Houston Texans, Jacksonville, Texans, AP New York Giants, Giants, Reuters, Getty Images Pittsburgh Steelers, Steelers, Getty Images Minnesota Vikings, Tennessee Titans, AP Dallas Cowboys, Baltimore Ravens, The Jets, Reuters Atlanta Falcons, AP Kansas City Chiefs, Super Bowl, Reuters San Francisco 49ers, AP New Orleans Saints, Reuters Miami Dolphins, Reuters New York Jets, AP Los Angeles Chargers, Shutterstock Dallas Cowboys, NFL, Reuters Washington, Tampa Bay Buccaneers, Buccaneers, Dade Police, Miami Herald, Tribune, Service, Atlanta Falcons, Falcons, AP Tennessee Titans, Titans, Bears, Patriots, New York Giants, São Paulo, The Eagles, Neo, AP Baltimore Ravens, Arrowhead, Super, Detroit Lions, Lions, Detroit, NFC North, NFC, Los Angeles Rams Sunday Baltimore Ravens, Cleveland Browns Tennessee Titans, Detroit Lions Indianapolis Colts, Houston Texans Green Bay Packers, Jacksonville Jaguars Arizona Cardinals, Miami Dolphins New York Jets, New England Patriots Atlanta Falcons, Tampa Bay Buccaneers Philadelphia Eagles, Cincinnati Bengals New Orleans Saints, Los Angeles Chargers Buffalo Bills, Seattle Seahawks Chicago Bears, Washington Commanders Carolina Panthers, Denver Broncos Kansas City Chiefs, Las Vegas Raiders Dallas Cowboys, Pittsburgh Steelers Locations: Miami, Landover , Maryland, Denver, Cincinnati, Inglewood , California, Glendale , Arizona, Santa Clara , California, Indianapolis, Green Bay , Wisconsin, London, Arlington , Texas, Philadelphia, Charlotte , North Carolina, Seattle, Reuters New Orleans, Kansas City , Missouri, Houston, Jacksonville , Florida, East Rutherford , New Jersey, Orchard Park , New York, Pittsburgh, Minneapolis, Nashville, Miami Gardens , Florida, Cleveland, Tampa , Florida, Atlanta, Chicago, São, South America, Detroit, “, Philly, Philadelphia’s

☆ More than 250,000 Washington Post readers cancel subscriptions in revolt over non-endorsement
▼ + stars: | 2024-10-30 | by ( Liam Reilly | ) edition.cnn.com time to read: +3 min

New York CNN —More than 250,000 Washington Post readers have canceled their subscriptions since the newspaper announced last week it would not make an endorsement in the presidential race, leading to a “huge spike” in cancelations, the Post reported late Tuesday. The number did not take into account any new subscribers the Post may have added since Friday or any subscribers who have since re-subscribed, the paper reported. The Post reported it began seeing a surge in cancelations within hours of the announcement. “I wish we had made the change earlier than we did, in a moment further from the election and the emotions around it,” Bezos wrote. Instead, Bezos framed his decision to end presidential endorsements as one designed to regain the trust of readers.

Persons: Will Lewis, Lewis, Marty Baron, “ craven, Jeff Bezos, Trump, Harris, Bezos, — Bezos, Donald Trump, “, ” Bezos, ” Organizations: New, New York CNN, Washington Post, Post, NPR, CNN, Blue Origin Locations: New York, cancelations, ”, Texas

☆ 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."

☆ Los Angeles Dodgers win 8th World Series title after defeating New York Yankees in wild Game 5
▼ + stars: | 2024-10-30 | by ( Wayne Sterling | ) edition.cnn.com time to read: +9 min

New York Yankees captain Aaron Judge smacks a two-run home run in Game 5 of the World Series on Wednesday, October 30. Mary DeCicco/MLB/Getty Images Dodgers pitcher Jack Flaherty reacts in the dugout after he was relieved in the second inning down 4-0. Al Bello/Getty Images The Yankees' Anthony Volpe hits a grand slam in Game 4 of the World Series on Tuesday. They would go on to win 11-4 and cut the Dodgers' series lead to 3-1. Alex Slitz/Getty Images The best photos from the 2024 World Series Prev NextThis is a developing story and will be updated.

Persons: Angeles, Aaron Judge, Jazz Chisholm, Giancarlo Stanton, Gerrit Cole’s, Mike Lawrence, Gavin Lux, Mookie Betts, Blake Treinen, Anthony Rizzo, Walker Buehler, Alex Verdugo, Mary DeCicco, Jack Flaherty, Brad Penner, Chisholm, Judge, Sarah Stier, Al Bello, Anthony Volpe, Elsa, Brent Honeywell, Gleyber Torres, Volpe, Seth Wenig, Luke Hales, Freddie Freeman, Ashley Landis, Will Smith, Frank Franklin II, Freeman, Daniel Shirey, Stanton, Alex Slitz, Maddie Meyer, Smith, Alex Vesia, Harry, Michael Kopech, Jayne Kamin, Yoshinobu Yamamoto, Yamamoto, Julio Cortez, Shohei Ohtani, Juan Soto, Tommy Edman, Rob Tringali, Carlos Rodón, — Kirk Gibson’s, Gibson, Steph Chambers, Nestor Cortes, Mark J, Terrill, Brusdar Graterol, Enrique Hernández, Flaherty, Fernando Valenzuela, Valenzuela, ”, Gina Ferazzi, Brad Paisley Organizations: CNN, Los Angeles Dodgers, New York Yankees, Yankee, Dodgers, New York, LA, MLB, Yankees, Getty, Reuters, North, AP Yankees, The Dodgers, USA, Sports, AP Dodgers, Dodger, Los Angeles Times Locations: North America

☆ 8 of the most surprising revelations from Martha Stewart's candid new Netflix documentary
▼ + stars: | 2024-10-30 | by ( Anneta Konstantinides | ) www.businessinsider.com time to read: +1 min

Martha Stewart said her father slapped her when she got engaged because her fiancé was Jewish. Photos of Martha Stewart as a child with her parents. Stewart said her father also hit her when she told him that she was engaged to Andrew Stewart. "I went home and told my dad, and my dad slapped me," she recalled. "I remember getting that slap," Stewart added.

Persons: Martha Stewart, fiancé, Netflix Stewart, Edward Kostyra, Stewart, Frank Kostyra, Andrew Stewart, He's Organizations: Netflix Locations: Nutley , New Jersey

☆ New 3D map reveals strange, glowing filaments surrounding a supernova
▼ + stars: | 2024-10-30 | by ( Ashley Strickland | ) edition.cnn.com time to read: +8 min

In this case, filaments radiate away from a “zombie star” the explosion created. Then, in 2023, astronomers spied weird filaments glowing with light from sulfur within the nebula. Scientists know the supernova created the filaments, but it’s unclear how or when the structures formed. The robust data that the instrument captured allowed the team to measure the motions of each filament and create a 3D map. The Keck Cosmic Web Imager enabled measurements of the velocity of any material within the nebula that emits light.

Persons: ”, Christopher Martin, “ KCWI, Dana Patchick, Patchick, NASA’s, Albert Zijlstra, Ilaria Caiazzo, Tim Cunningham, Zijlstra, Cunningham, ” Cunningham, James Webb, Takatoshi Ko, Ko Organizations: CNN, Keck, California Institute of Technology, Survey, University of Manchester, Pa, Institute of Science, Technology, NASA Hubble, Center, Astrophysics | Harvard & Smithsonian, Southern, Research Center, University of Tokyo Locations: Hawaii, England, Technology Austria

☆ Harvard Business School professor says this is the No. 1 'misconception about failing'
▼ + stars: | 2024-10-30 | by ( Aditi Shrikant | ) www.cnbc.com time to read: +2 min

"It's gonna sound weird, but success for me was failing," she told CNBC Make It. But why failing can lead to better future outcomes is generally misunderstood, says Amy Edmondson, a professor at Harvard Business School and author of "Right Kind of Wrong: The Science of Failing Well." "There's one really important misconception about failing, which is that failure and mistake are the same thing," she says. If you're pursuing a new hobby or switching into a different role at work, know that failure is likely ahead. A productive failure meets four criteria, Edmondson says.

Persons: Jeff Bezos —, Gabby Douglas, Amy Edmondson, Edmondson Organizations: CNBC, Harvard Business School

☆ 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

☆ I spent a day in Kamala Harris' Fortnite town. It was full of policy details meant to reach young voters, but was mostly empty.
▼ + stars: | 2024-10-30 | by ( Juliana Kaplan | ) www.businessinsider.com time to read: +5 min

The map, Freedom Town, USA, focuses on affordable housing and Harris' proposed policies. I spent a day in Freedom Town, USA, building housing, and it was pretty empty. AdvertisementWelcome to Freedom Town, USA, a Fortnite world created by the Harris-Walz campaign. I took a trip to Freedom Town, USA, and spent the day observing and attempting to talk to players. So far, Freedom Town hasn't taken off; according to third party player statistics tracker Fortnite.GG, the Freedom Town map saw an all-time and 24-hour peak of 563 users.

Persons: Harris, Walz, —, Walz's, Gen Zers, would've, unmuted, Lauren Obanion, Obanion Organizations: Freedom Town, Service, Entertainment Software, YouGov, Freedom, New, DC Metro Locations: USA, Freedom Town, New York City, Ohio

☆ 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 Chinese EV loved by Ford's CEO just got a lot faster
▼ + stars: | 2024-10-30 | by ( Tom Carter | ) www.businessinsider.com time to read: +4 min

Ford CEO Jim Farley is a big fan of Xiaomi's SU7 EV — and it just got a major upgrade. The Chinese tech giant unveiled the SU7 Ultra, a high-performance electric car with a max speed of 350km per hour. AdvertisementFord CEO Jim Farley's favorite Chinese EV just got a major upgrade. Speaking on a podcast last week, Ford CEO Farley praised Xiaomi as an "industry juggernaut" and said he was a big fan of the SU7. AdvertisementWestern automakers like Ford are under pressure from Chinese electric car makers, which are expanding rapidly worldwide.

Persons: Jim Farley, —, Jim Farley's, Xiaomi, Farley, Lei Jun, it's, I've, Tesla, Elon Musk Organizations: —, Service, Ford, Citibank Locations: China, presale, Shanghai, Chicago

With their upcoming concert dates having already gone on sale, there are a few ways to buy Aespa tickets for their 2025 tour. We’ve got you covered if you’re looking for how to get tickets to Aespa’s 2025 concert tour. Aespa 2025 tour scheduleSo far, Aespa has 14 gigs booked in North America and Europe throughout 2025. How to buy tickets for Aespa’s 2025 concert tourYou can buy standard original tickets to most dates on Aespa’s 2025 tour on Ticketmaster. Ticket prices to see Aespa on their 2025 concert tour vary depending on the date, location, and demand for each show.

Persons: Karina, Giselle, Winter, Ningning, We’ve, Aespa, It’s Organizations: Business, North, FL, IL, Ticketmaster, Vivid, Chicago Locations: North America, Europe, United States, Mexico, Canada, England, France, Netherlands, Germany, Spain, Seattle, Madrid, Chicago, London, WA, Oakland, Los Angeles, CA, Mexico City, Orlando, Charlotte, NC, Newark, NJ, Toronto, ON, Paris, Amsterdam, Frankfurt, IL, Asia, Oceania

☆ Asia-Pacific markets set for mixed open; Australia inflation data in focus
▼ + stars: | 2024-10-30 | by ( Dylan Butts | ) www.cnbc.com time to read: 1 min

The Australian flag is in front of Christiansborg Palace in Copenhagen, Denmark, on January 14, 2024. Asia-Pacific markets were set for a mixed open Wednesday after key Wall Street benchmarks rose, with the Nasdaq Composite closing at a new record high as tech stocks gained. Traders in Asia will assess consumer price data out of Australia, with inflation for the quarter ended in September expected to fall to 2.9%, down from 3.8% in the previous quarter. Japan's Nikkei 225 futures pointed to a higher open for the market, with the contract in Chicago at 39,255 and its counterpart in Osaka at 39,160 compared to the index's previous close of 38,903.68. Hong Kong Hang Seng index futures were at 20,746, higher than the index's last close of 20,701.14.

Persons: Australia's Organizations: Nasdaq, Traders, Nikkei Locations: Christiansborg, Copenhagen, Denmark, Asia, Pacific, Australia, Chicago, Osaka, Hong Kong

☆ Google 'moving in a good direction': What analysts are saying after tech giant's strong earnings
▼ + stars: | 2024-10-30 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +2 min

Major Wall Street banks remain bullish on Alphabet following the tech titan's strong third-quarter results . On Tuesday, Google's parent company reported earnings of $2.12 per share, while analysts polled by LSEG had predicted $1.85 per share. The company's revenue grew 15% year over year to $88.27 billion, more than the same quarter last year and the $86.30 billion analysts had anticipated. "We think shares could remain choppy as we work through the Search remedies, given the large impact zone, but performance in 3Q was solid." Meanwhile, Goldman Sachs' Eric Sheridan also commended the firm for its strong investment cycle, which includes investments into Google's Cloud infrastructure and more AI deployment through its application ecosystem.

Persons: LSEG, Goldman Sachs, Morgan Stanley, Ross Sandler, Doug Anmuth, Eric Sheridan Organizations: Barclays, Citi, JPMorgan, Bank of America, of America, Google, DOJ

☆ Gold just keeps breaking records and Goldman says it has another 10% to go
▼ + stars: | 2024-10-30 | by ( Sean Conlon | ) www.cnbc.com time to read: +2 min

Gold's record-breaking rally may have even more room to run, according to Goldman Sachs. Analyst Lina Thomas forecasts the commodity will rise around 10% by December 2025, hitting the $3,000 threshold in that period. After advancing to a fresh record last week , spot gold reached an all-time high on Wednesday. "We still see significant hedging value in long gold positions in geopolitical or macroeconomic scenarios that are less friendly for equity-bond portfolios than our soft landing base case," she wrote. That said, she anticipates demand moderation could also allow for more upside.

Persons: Goldman Sachs, Lina Thomas, Thomas Organizations: U.S Locations: Russia, Ukraine, London

☆ Polymarket's pro-Trump election predictions aren't so surprising when you look at the rest of the site
▼ + stars: | 2024-10-30 | by ( Katie Notopoulos | ) www.businessinsider.com time to read: +5 min

The betting site Polymarket has emerged as a hot topic in the 2024 presidential race. Wagers in its pop culture section show the bro-y vibe of the site: Zyn, Andrew Tate, and Hawk Tuah. Let's look at some of the wagers:Will Trump say "skibidi" before the election? Will Donald Trump say "mog" in 2024? AdvertisementFor the record, I think the odds that Trump will say "skibidi" before the election are way too low.

Persons: Trump, Andrew Tate, Hawk, —, Will Trump, Will Kamala Harris, Joe Rogan's, Will Donald Trump, Roaring Kitty, Logan Paul, Max Read, Joe Rogan, Gen Z'ers, MAGA, Theo Von, Adin Ross, Taylor Swift, Travis Kelce, Shayne Coplan, There's, Polymarket, haven't, I'm, who's, John Herrman, McDonald's Organizations: Service, Trump, New, New York Magazine, Harris, Dodgers, Yankees Locations: MrBeast

☆ Apple updates MacBook Pro laptops with new chips, more memory for AI
▼ + stars: | 2024-10-30 | by ( Kif Leswing | ) www.cnbc.com time to read: +1 min

Apple on Wednesday introduced new MacBook Pro laptops with updated processors, in what is likely the company's last major hardware announcement of the year. Apple says the new chips are 1.8 times faster than the M1, which powered Apple's 2021 MacBook Pro. Additionally, all of the new MacBook Pro models come with at least 16GB of RAM. The more memory a computer has, the more it is capable of handling larger and more sophisticated AI models. Doubling the RAM on its laptops represents the most significant change Apple has made to its lineup of computers to better support Apple Intelligence.

Persons: Tim Cook, Apple Organizations: Apple Inc, Apple Worldwide, Apple, M4, Apple Intelligence, MacBook Locations: Cupertino , California

☆ 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

His chicken finger restaurant chain Raising Cane's brought in $3.7 billion in net sales last year, contributing significantly to his estimated net worth of $9.5 billion. With cash flowing again, Graves made his payments and avoided selling any company equity, he says. Graves: I remember watching on television from our location on Lee Drive [in Baton Rouge, Louisiana] when the levees broke. At first, my American dream was: You can go out and start your own business, and you can make the business work, and that's a success. Bring people into a great place to work that's a great place to grow.

Persons: Todd Graves, Cane's, Graves, they're, you'd Organizations: CNBC, LSU, Forbes, Hurricane, Tyson Foods Locations: Louisiana, Orleans, New Orleans, Baton Rouge , Louisiana

☆ 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

☆ Who will be the next president? News outlets are running out of ways to communicate the uncertainty
▼ + stars: | 2024-10-30 | by ( Brian Stelter | ) edition.cnn.com time to read: +4 min

New York CNN —“Jump ball.” “Coin flip.” “Toss up.” “Dead heat.” “Deadlocked.” On TV and online, political analysts are running out of ways to say the presidential race is effectively tied. As CNN’s Dana Bash said on “Inside Politics” Tuesday, “this race could not be closer.”In this final week of the campaign, the most important thing for the news media to communicate is uncertainty. On the right, former President Donald Trump and many of his right-wing media allies are expressing unbridled confidence that the Republican is going to win next week. “I spend more hours figuring out ways to say this race is close than New Yorkers spend in traffic,” Enten quipped. Even after all the polls are closed, there may still be uncertainty about the outcome since different states tabulate votes in different ways.

Persons: ”, ” “, CNN’s Dana Bash, Rick Klein, Donald Trump, Laura Ingraham, Jesse Watters, Trump, Matt Lewis, Donie O’Sullivan, “, Kamala Harris, they’re, Michelle Obama, Harry Enten, ” Enten, Enten, Harris, “ I’ve, ” Anthony Salvanto, ” Salvanto Organizations: New, New York CNN, ”, ABC News Washington, CNN, Republican, Fox News, Trump, MSNBC, Fox, Journalists, CBS News Locations: New York, “ MAGA, New

☆ H5N1 bird flu identified in pig for first time in United States
▼ + stars: | 2024-10-30 | by ( Jamie Gumbrecht | Brenda Goodman | ) edition.cnn.com time to read: +4 min

CNN —H5N1 bird flu has been identified in a pig in the United States for the first time, the US Department of Agriculture said Wednesday. The USDA and Oregon veterinary officials are investigating bird flu cases in a backyard farming operation that had a mix of poultry and livestock, including pigs, the agency said. After H5N1 was identified in other animals on the farm, five swine were euthanized for testing; two tested negative, and results are still pending for two others. Some previous flu infections in pigs have allowed influenza viruses to change rapidly and develop new capabilities. Across the United States, more than two dozen people have tested positive for H5N1 flu this year, and nearly all of them have reported exposure to infected dairy cows or chickens, according to the US Centers for Disease Control and Prevention.

Persons: Michael Osterholm, ”, Dr, Sanjay Gupta, Osterholm, it’s, Scott Weese, “, Weese Organizations: CNN, US Department of Agriculture, Plant Health, Service, US Centers for Disease Control, Infectious Disease, University of Minnesota, CNN Health, University of Guelph Locations: United States, Oregon, Mexico, Ontario

☆ Be careful. Analysts are downbeat on these earnings reports due next week
▼ + stars: | 2024-10-30 | by ( Brian Evans | ) www.cnbc.com time to read: +2 min

Big Tech companies are helping propel third-quarter earnings growth, but some analysts are less optimistic about a handful of names reporting next week. To help investors prepare for what is still to come, CNBC Pro screened FactSet data to find stocks reporting next week where analysts are losing conviction. Analysts have trimmed their earnings estimates by more than 21% over the past three months and 29% over the trailing six months. What's more is analysts have lowered earnings estimates nearly 30% over the past three months and roughly 24% over the past six months. AIG YTD mountain AIG stock.

Persons: Stocks, Daniels, Michael Zaremski, YTD, Zaremski Organizations: Big Tech, CNBC Pro, AIG, CVS Health, Daniels, Midland, ADM, BMO Capital Locations: Archer, Illinois, Albemarle, Corteva

☆ Dodgers capture World Series by storming back in Game 5 to upend Yankees: Takeaways
▼ + stars: | 2024-10-30 | by ( Fabian Ardaya | Brendan Kuty | ) www.nytimes.com time to read: +7 min

The Dodgers got their looks against the Yankees in this series, even if there were times when they struggled to capitalize. It took the Yankees fumbling on defense in the fifth inning just to allow the Dodgers back into Game 5. The previous time came in the 1956 World Series when the Yankees blew a five-run lead against the Brooklyn Dodgers in Game 2. The downside of the Dodgers’ bullpen game in Game 4The Dodgers’ handling of Game 4 was not illogical in a vacuum. They had a 3-0 lead series lead.

Persons: Freddie Freeman, Aaron Judge, Anthony Volpe, Gerrit Cole, Mookie Betts, Walker Buehler, Alex Verdugo, relentlessness, Clay Holmes, Tommy Kahnle, Luke Weaver, Tommy Edman, Will Smith, Gavin Lux, lofting, Shohei Ohtani, Betts, Weaver, Sarah Stier, Cole, Volpe, Chisholm, Anthony Rizzo, Dave Roberts, Jack Flaherty, Flaherty, Giancarlo Santon’s, Giancarlo Stanton, Alex Slitz, Juan Soto, Chisholm’s, Verdugo, tapper, Stanton, homering, Anthony Banda —, Elsa, Getty Organizations: Los Angeles Dodgers, Dodgers, New York Yankees, Yankee, Yankees, The Dodgers, New, Brooklyn Dodgers, Dodgers ’, DH Locations: Verdugo

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