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This is the story of how the marathon has changed, told by some of the people behind the technological revolution. Marathon running is done individually but succeeds best when athletes work in packs, either with official pacemakers or using each other to share workloads and draft. They put one into a marathon shoe in a 2006 study, got sub-elite athletes to run on treadmills, and found a 1.3 per cent benefit in terms of energy reduction. “We set up at that point (2016), one of the most in-depth and best controlled studies on running shoes. Hoogkamer uses MRI scanners at the University of Massachusetts, which “you can’t really run in.” Some opt for ultrasound devices and others for muscle oxygenation sensors.
Persons: Eliud Kipchoge, Kipchoge, Roger Bannister’s, He’d, Alex Halada, Kelvin Kiptum’s, Paula Radcliffe’s, Tigst Assefa, Peres Jepchirchir, Tim Hutchings, Kenenisa Bekele, Sir Jim Ratcliffe, , Maxwell Muttai, Benno Nigg, , Wouter Hoogkamer, Nike’s, , ” Nigg, Hoogkamer isn’t, he’s, it’s, you’re, Marco Tacca, Muttai, They’re, they’re, Nike Vaporfly, Hoogkamer, Liam Tharme, Soh Rui Yong, Molly, “ There’s, Rui Yong, Yong Teck Lim, Soh, “ Asics, Hutchings, , Mike Marsland Organizations: Breaking2, Getty, London, Research, University of Calgary, Nike, University of Colorado, of Colorado, Athletic, Adidas, University of Massachusetts, New York City Marathon, Sports, Asics, Brands, World Athletics, Formula, Nike Vaporfly Locations: Vienna, Rio de Janeiro, Monza, Nike’s Alphaflys, AFP, Chicago, Berlin, Tokyo, Boston, London, Chicago , New York, supershoes, Paris, Boulder , Colorado, , Rio
Trump’s campaign also expects to draw huge, raucous crowds, and command outsized media attention – which would pay dividends across the political map. It’s the same reason Trump’s campaign has had the former president sit down with popular YouTube streamers and podcasters. Harris’ campaign has employed a similar strategy in recent weeks, targeting specific groups of voters with her appearances on podcasts and other interviews. Coachella rallyTrump’s rally Saturday at the Calhoun Ranch in the Coachella Valley drew criticism from a number of local officials. Still, the main strategic purpose of those trips is to hit Democrats on issues Trump’s campaign sees as its strongest, including crime and border security.
Persons: Donald Trump’s, Kamala Harris, Trump, Harris, John Kobylt, sideshows, ” Trump, Kobylt, Trump’s, Harris ’, Steven Cheung, , , , Adin Ross, Steven Hernandez, ” Hernandez, “ Trump, , he’ll, Jared Polis, ” Colorado Sen, Michael Bennet, CNN’s Jake Tapper, ” Bennet Organizations: CNN, Trump, Republicans, Republican, Democratic, Coachella, Bloomberg News, Economic, of Chicago, New York –, Madison, Garden, State, AK Locations: Coachella, York’s, California, Southern California, New York, Detroit, Madison, Aurora , Colorado, Chicago , New York, Illinois, Bronx, Long, Manhattan, Aurora, Colorado, American
County election officials in Florida, meanwhile, are facing a potential new challenge after Hurricane Milton made landfall on its western coast late Wednesday. Other county election offices in the state similarly said this week that that they would perform fresh assessments of their election infrastructure following Milton. Chris O'Meara/AP David Jalving throws outdoor furniture into his father's pool in Fort Myers to prepare for Hurricane Milton. Marta Lavandier/AP A man in Progreso boards up an apartment building to protect it from Hurricane Milton on Monday. “We should have the most poll workers we’ve ever had here in Oconee County,” said Ryan Nowland, assistant director of Oconee County elections.
Persons: Hurricane Helene, “ I’ve, , Mary Beth Tipton, “ We’ve, ” Tipton, Yancey County, Hurricane Milton, , ” Brian Corley, Milton, Robert Inman, Inman, Cliff Marr, Marr, ” Marr, Helene, Karen Brinson Bell, Bell, Corinne Duncan, Duncan, ” Duncan, Christopher Heath, Ron DeSantis, Corley, Bill Nye, CNN Kari Ewalt, Osceola, ” Ewalt, they’re, Conway Belangia, I’ve, Belangia, Connie Gore, Cecelia Smith, Crystal Vander, Miguel J, Rodriguez Carrillo, Robert Turick, Turick, Rebecca Blackwell, Cristobal Herrera, Julio Cortez, Giorgio Viera, Ricardo Arduengo, Liz Kelly, Matt, Andrew West, Chandan Khanna, Nadia Zomorodian, Austin, Joe Raedle, Sean Rayford, Marta Lavandier, Jefferee Woo, Bryan R, Smith, Chris Urso, Marco Bello, Brandon Marlow, Marie Cook, Bill Ingram, Reuters Stephen Lundgren, Doug Engle, Ron Rook, Paul Hennessy, Saul Martinez, Payton Wyse, Andrew Goncharsky, Christian Burke, Lee, Connor Ferran, Fort Myers, Nicolette Mariano, Kaila Jones, Damon Higgins, Ted Carlson, McKenzie, Evan Purcell, Purcell's, Anna Maria Island, Carlson, Yamil Lage, Matthew Dominick, NASA Aurelio Ortiz, Lorenzo Hernandez, Mike Carlson, Jose Luis Gonzalez, Reuters John Fedor, Chris O'Meara, David Jalving, Pete, Octavio Jones, Tristan Wheelock, Gerald, Martin Zetina, Gregg Newton, ” Belangia, we’ve, Ryan Nowland, “ We’re, everyone’s Organizations: CNN, Trump, Hurricane, “ Communications, Republican, Republican Gov, Voters, Osceola County’s, South, USA, AFP, Getty, AP, Daytona, Network, Reuters, Bradenton, Tropicana, Major League, Tampa Bay Rays, Celtic Ray Public, Tampa Bay Times, NOAA, Vanguard, School, Ocala, Orlando International Airport, Anadolu, Disney, Fort, Palm Beach Daily, Florida Army National Guard, Tampa General Hospital, NASA, International, Milton, Tampa International Airport, Bloomberg, AP Contractors, New Port Richey, AP Tropicana Locations: Carolina, Hurricane, North Carolina’s Yancey County, Yancey, Florida, Florida’s Pasco County, North Carolina, North Carolina’s, Haywood County, North Carolina’s Polk County, , Buncombe County, Asheville, Covid, Orange County, Milton, Pasco County, South Carolina, Greenville County, ” County, Martin County , Florida, Port St Lucie , Florida, Englewood , Florida, Manasota Key, Hurricane Milton, Venice , Florida, Riverview , Florida, Lakewood Park , Florida, Siesta Key, Punta Gorda , Florida, North Fort Myers , Florida, Siesta, Volusia, South Daytona , Florida, Bradenton Beach, St . Petersburg, Punta Gorda, Odessa , Florida, Venice, Matlacha , Florida, Palmetto Beach, Tampa, Bradenton , Florida, St . Petersburg , Florida, Clearwater, AFP, Sarasota , Florida, Segundo, Davis, Fort Myers , Florida, Wellington , Florida, Palm, Ocala , Florida, County, Wellington, Orlando, Gulfport , Florida, Lee County, Fort Myers, Sebastian , Florida, Palm Beach , Florida, Palm Beach, Havana, Cuba, Celestún, Mexico, Port Richey , Florida, Tampa Bay, Treasure Island , Florida, St, Pete Beach , Florida, Treasure, Fort Myers Beach, Progreso, New Port, Kissimmee , Florida, Pickens County, Oconee County, Oconee
A Los Angeles mansion that is one of the country's biggest homes is on the market for $195 million. It was built by Hyatt heir Tony Pritzker and his then-wife, Jeanne, in 2011, but they split in 2022. Go to newsletter preferences Thanks for signing up! AdvertisementIn the hills of Beverly Crest, a neighborhood in Los Angeles' Westside, looms the Pritzker estate, one of the largest homes in the US. Bezos bought his Beverly Hills mansion, which is just over a mile from the Pritzker estate, for $165 million in 2020.
Persons: Hyatt, Tony Pritzker, Jeanne, , Pritzker, megamansion, Tony, Jeanne Pritzker, Jeff Bezos, Bezos Organizations: Service, Street Journal Locations: Los Angeles, Beverly Crest, Westside, Beverly
The Summary The tornado outbreak that Hurricane Milton spawned in Florida was a leading cause of death and damage from the storm. Hurricane Milton brought an earlier-than-expected dose of chaos before it made landfall this week, as supercell thunderstorms — which feature rotating updrafts and can produce tornadoes — raced across the state. From 1995 through 2023, just five tornadoes produced by tropical storms were rated that high. “With the initial tornadoes, that particular band of showers and storms from Milton seemed to really eject pretty far out in front of the hurricane,” Gallus said. That’s how it played out during Milton, Gallus said: The twisters “occurred right where we see most tornadoes happen.”But in Milton’s case, he noted, the tornadoes were particularly concentrated.
Persons: Milton, Hurricane Milton, , , Donal Harrigan, Harrigan, Giorgio Viera, Ivan, Rita, Harvey, Bill Gallus, Milton “, ” Gallus, we’ve, Gallus, , Helene Organizations: National Weather Service, Prediction, NWS, Getty, Iowa State University Locations: Florida, South Florida, U.S, Hurricane, Lucie County, Hurricane Milton, Palm Beach, Lake Okeechobee, Miami, Lakewood Park, Fla, Kansas, Milton
“I just don’t want to drive back up to Atlanta and leave for each hurricane,” Sam Hunter, a Tampa-based digital marketer, told NBC NEWS. Both Meta and TikTok declined to comment on the surge in such hurricane content. Videos on Hunter’s page — which showcase hurricane prep, landfall and aftermath — have amassed millions of views. While his account currently focuses solely on Hurricane Milton, Hunter plans to experiment with new content and see what sticks. “Some people take this stuff as a joke,” Corujo told NBC News, noting that many may see the hurricane as an opportunity to gain views.
Persons: Milton, , Sam Hunter, I’ll, TikTok, Ian, , Dan ” —, Joseph Malinowski, Ross, Malinowski, Hunter, Hurricane Milton, , Jean Bazil, Rayssa Corujo, ” Jean Bazil, Floridians, ” Corujo, ” Dustin Weaver, Cape, Weaver, it’s, it’s asinine, I’m Organizations: YouTube, NBC, NBC News, Hurricane, , FEMA Locations: Florida, Hurricane, Tampa, Atlanta, Milton, Hillsborough County, Hurricane Milton, , Claremont , Florida, Cape Coral , Florida
The S&P 500 and Dow Jones Industrial Average powered to new highs on Friday and capped off a winning week as banking behemoths ushered in a promising start to the third-quarter earnings season. The broad index gained 0.6% to end at 5,815.03, while the Dow rallied 409.74 points, or nearly 1%, to finish at 42,863.86. The S&P and Nasdaq jumped 1.1% each, while the Dow toted a 1.2% gain. A strong start to the third-quarter earnings season provided a lift to stocks. That included a cooler-than-expected September producer price index reading after the consumer price index increased slightly more than expected.
Persons: , , Craig Sterling, JPMorgan Chase, Wells, Kim Forrest, Forrest, Stocks, Goldman Sachs, David Russell, Organizations: Dow Jones Industrial, Dow, Nasdaq, JPMorgan, Bokeh Capital Partners, , Federal, Federal Reserve
While Republicans don’t need to win Nevada to flip the Senate, the state could help dictate the size of a GOP majority. Rosen told NBC News before addressing the Culinary Union that voters have a “clear choice” in the Senate race. “I think Sam Brown is just too extreme, and I want to continue being that pragmatic problem solver, that bipartisan senator who gets results for Nevada,” Rosen said. “It’s a massively missed opportunity,” said one Nevada Republican operative who requested anonymity to speak candidly about party strategy. Asked if Harris should distinguish herself more from the president to win Nevada, Rosen said: “The race is about Kamala Harris versus Donald Trump.
Persons: Sen, Jacky Rosen, ” Rosen, Rosen, Republican Sam Brown, Donald Trump, Kamala Harris, Sam Brown, ” Brown, Raegan Lehman, Democratic Sen, Catherine Cortez Masto, Joe Biden, Hillary Clinton, Brown, Amy Walter, , , “ Sam, ” Lehman, he’s, Zac Moyle, ” Moyle, it’s, Anita Henson Sanchez, Trump, Harris, Biden, “ I’m, Silvia Buanrostro, Amy Organizations: Nevada Democrat, Democratic, United States Senate, Culinary Union, GOP, Republican, Army, NBC, Senate, , Social Security, Republicans, Trump, Nevada Republican, Republicans ’, don’t, Nevada Republican Party, Nevada, NBC News, Nevada Independent Locations: RENO, Nev, Nevada, Reno, redder, Afghanistan, Las Vegas, Spanish, Mexican, Texas, “ Nevada
On Wednesday, House Democratic Caucus Chair Pete Aguilar, D-Calif., joined Rep. Susan Wild, D-Pa., here on a tour of Latino-owned small businesses. Though she is the incumbent and older than Mackenzie, Wild, 67, labeled Mackenzie, 42, a “career politician,” noting he has served in elected office for 12 years — twice as long as her. “She has a failed record on border security,” Mackenzie said in a Thursday interview after a rally with Johnson in Hellertown. “Every state is a border state, as we say, because they opened the border wide, and ya’ll, they did it intentionally, OK? A recent NBC News/Telemundo/CNBC poll found that support for Harris among Latino voters is at 54%, the lowest level in the past four presidential election cycles.
Persons: Pete Aguilar, Susan Wild, Mike Johnson, Ryan Mackenzie, Hakeem Jeffries, Katherine Clark, Mackenzie, , Wild, ” Wild, , Joe Biden, Donald Trump, Aguilar, Billy Joel, , Matthew Tuerk, Tuerk, Scott Wong, Del Abuelo, Kamala Harris ’, Charlie Dent, Milou Mackenzie, “ She’s, Greenberg Lemus, Del, she’s, ” Mackenzie, Johnson, ” Johnson, Trump, Harris, he’s, hasn’t, Victor Martinez, He’s, Tim Walz, Martinez, It’s, She’s, mischaracterize, he's, you’re Organizations: Congressional, House Democratic, GOP, Republican, NBC, Republicans, Census, Allentown, El, El Tablazo, Democratic, La, Democrat, Steel, Bethlehem Steel, NBC News, Telemundo, CNBC, Allentown’s Puerto Rican Parade, Dominican, ” Radio, Mega Locations: ALLENTOWN, Pa, , Lehigh, Hellertown, D, Easton, Allentown, Pennsylvania, Aguilar, Lehigh Valley, Philadelphia, Puerto Rico, Dominican Republic, Mexico, Colombia, Guatemala, Venezuela, New York, New Jersey, U.S, Bethlehem, Dominican, Wild, Harrisburg, Mexican American, Allentown —, Reading, Puerto, , Mexican
“Then, later on, when we left, she was like, ‘Oh, so you like him,’” recalls Wati. “But a week later, we decided to get together on a Saturday, and we spent most of the day together,” recalls Mike. “He’d mail them to me in these little padded envelopes,” recalls Wati. “Eventually, I was able to figure out how to get some credit for doing a paper at Melbourne University in January 1989,” recalls Mike. “She would stay for about a month or a little bit more,” recalls Wati.
Persons: Mike Grossman, Mike “, Mike, , There’s, , , he’d, I’d, ” Mike, bode, Melbourne’s Monash, Wati, Yanti, Michael, nudging, ’ ”, Wati Grossman, ” Wati, Paul, Gauguin, Andrew Lloyd Webber, I’m, They’d, “ Wati, Khan ’ —, we’re, He’d, who’d, Wati’s, Boston, they’d, Wati —, Kevin Costner’s, we’d, it’s, Wati Grossman —, Levis Strauss, Alex, Talia, Mike’s, Grossman, We’ve, he’s, they’re, we’ve Organizations: CNN, CNN Travel, Harvard Law School, Melbourne’s, National Gallery of Victoria, Star Trek, , Australian Broadcasting Commission, Facebook, “ Technology, Sony, Radio, Melbourne University, Wati, Washington DC, New, Melbourne Botanic Gardens, Harvard Memorial Church, Harvard Memorial, Fashion Institute of Technology, Levis Strauss and Company Locations: Australia, Melbourne, Boston, California, San Francisco, American, Indonesian Australian, Indonesia, , Wati, Radio Australia, Christmastime, New York City, Washington, New York, Botanic, United States, Hotel, Sydney, Sydney “, Silicon Valley, In California
Napheesa Collier’s turnaround jumper with 8.8 seconds left lifted the Minnesota Lynx to a 95-93 win over the New York Liberty in Game 1 of the WNBA Finals on Thursday night. With the game tied in overtime, Collier faked in the lane and scored. Before the game WNBA Commissioner Cathy Engelbert announced that the league is expanding the Finals to best-of-seven starting next year. The Liberty blew an 11-point lead in the final 3:23 of regulation when Minnesota scored 12 straight points, capped by Williams’ four-point play with 5.5 seconds left. The Liberty are looking for the franchise’s first championship while the Lynx are vying for a league-record fifth.
Persons: Collier, Courtney Williams, Kayla McBride, Cathy Engelbert, Jonquel Jones, Sabrina Ionescu’s, Jones, Williams ’, Stewart’s, Ionescu, Stewart, Spike Lee, Jason Sudeikis, Meek, Mark Vientos, Lee Organizations: Minnesota Lynx, New York Liberty, WNBA, New, Minnesota, York, Liberty, midcourt, Connecticut, Lynx, Las Vegas Aces, Commissioner’s, New York Mets Locations: New York, Minnesota, York
But Putin is not the only foreign leader Trump is talking to. And it is hardly unusual for a presidential nominee to begin holding some talks with foreign leaders. After the first attempt to assassinate Trump, in July, foreign leaders quickly moved to offer him their well-wishes. Trump has hosted Netanyahu and his wife, Sara, Hungarian Prime Minister Viktor Orbán, former Japanese Prime Minister Taro Aso and former British Prime Minister David Cameron when he was the U.K.’s foreign secretary. Katulis was referring to the trove of classified documents Trump kept from his time in office that have become the subject of a criminal case, many of them about his communications with foreign leaders.
Persons: WASHINGTON —, Donald Trump, Vladimir Putin —, Trump, , Putin, Xi Jinping, , Russia —, Evan Gershkovich, Biden, Bob Woodward’s, ” Trump, Keir Starmer, Volodymyr Zelenskyy, Saudi Crown Prince Mohammed bin Salman, Benjamin Netanyahu, Melania Trump, King Charles “, Mahmoud Abbas, Andrzej Duda, Duda, Netanyahu, Sara, Viktor Orbán, Taro Aso, David Cameron, Trump’s, Daniel Fried, Bill Clinton, George W, Bush, Barack Obama, I’ve, ” Fried, ” Keith Kellogg, Fried, , ” He's, Brian Katulis, Katulis, ” Said, Woodward, “ Biden, , ’ ” Trump, , Karoline Leavitt, Steven Cheung Organizations: WASHINGTON, White, Trump, Democratic Party, Street Journal, British, Saudi Crown, Israeli, , Republican National Convention, Palestinian, Ukraine, U.S, Republicans, Middle East Institute, Locations: Manhattan, Palm Beach , Florida, Israel, Ukraine, Russia, American, Russian, Iran, New York, Hungarian, U.S, Poland, Clinton, today’s America, North Korea
The Trump campaign had pounced on Harris’ comments Tuesday on ABC's "The View" that "there’s not a thing that comes to mind" when she was asked what she would have done differently from Biden during his term. The Trump campaign also cut a video interspersing Harris’ quote with news clips about the widely criticized withdrawal from Afghanistan and crime connected to migrants, as well as inflation. She said the legislation would have added 1,500 more border agents, "except Donald Trump got in the way of that bill." Harris took nearly a dozen questions from audience members at the town hall, which was moderated by journalist Enrique Acevedo, about issues from abortion to the cost of living. Biden won the state in 2020 with 50.1% of the vote to Trump's 47.7%.
Persons: Kamala Harris sidestepped, Joe Biden, Donald Trump’s, , ” “, Trump, Harris ’, Biden, Harris, Donald Trump, Enrique Acevedo, Stephen Colbert's, Howard, Hillary Clinton, Nnamdi Egwuonwu, Megan Lebowitz Organizations: VEGAS, Univision, Republican, Republicans, Justice Department, NBC, Biden, Weather, Democratic Locations: California, Afghanistan, Nevada, Las Vegas, Washington
Valued at $4 billion in 2021, Cerebras is reportedly seeking to roughly double that in its IPO. The customer, G42, is backed by Microsoft , and it's entirely responsible for the $1.43 billion purchase commitment. G42 can pick up $500 million more in Cerebras shares if it commits to spend $5 billion on the company's computing clusters. The major Wall Street banks, for their part, are finding other ways to play in the burgeoning AI infrastructure market. Fitch, who said he sold out of his Nvidia stock years ago, told CNBC that the benefits outweigh the risks.
Persons: Andrew Feldman, Ramsey Cardy, Cerebras, , David Golden, it's, prepayment, CFIUS, Mike Gallagher, Gina Raimondo, Goldman Sachs, Morgan Stanley, JPMorgan Chase, Young, There's, Peter Thiel, Eva Marie Uzcategui, there's, Thiel, Jim Fitch, Fitch, Feldman Organizations: Cerebras Systems, Nvidia, Revolution Ventures, JPMorgan Chase, Microsoft, AstraZeneca, GlaxoSmithKline, Mayo Clinic, Treasury, Foreign Investment, Reuters, Chinese Communist Party, JPMorgan, Citigroup, Barclays, BDO, KPMG, Deloitte, Ernst, Riverstone Networks, CoreWeave, Clarium Capital Management LLC, Bloomberg, Getty, Mizuho Securities, Venture, CNBC, Devices Locations: Toronto, U.S, Sunnyvale , California, Abu Dhabi, China, Miami , Florida, Los Angeles, Florida
Yoshinobu Yamamoto rebounded from his shaky postseason debut to have a stellar start, and the Dodgers’ bullpen was nearly perfect again. Both Dodgers runs scored on solo home runs off Yu Darvish, who was otherwise brilliant. The Dodgers will face the New York Mets for the pennant, with Game 1 of the NLCS starting at 8:15 pm ET on Sunday. (Jayne Kamin-Oncea / Imagn Images)Kiké Hernández continues his October legacyDave Roberts didn’t need a reason to include Kiké Hernández in his lineup on Friday. Ample credit belongs to the Dodgers bullpen and Yamamoto, who finally avoided being knocked around by the San Diego lineup.
Persons: Yoshinobu Yamamoto, Yu Darvish, Evan Phillips, Alex Vesia, Michael Kopech, Blake Treinen, Jayne Kamin, Kiké Hernández, Dave Roberts didn’t, Kiké, ” Roberts, Hernández, burnishing, It’s, ” Hernández, “ You’ve, Mike Shildt, Victor Rodriguez, Fernando Tatis Jr, , Yamamoto, Roberts, ” Yamamoto, Tyler Anderson, Harry Organizations: ANGELES, Los Angeles Dodgers, National League, San Diego Padres, Dodgers ’, Dodgers, New York Mets, Dodger, Chicago Cubs, ” Padres, Padres, San Diego
In 2010, Christopher Willson bought a deteriorating historic cruise ship off of Craigslist. It looked more like a giant yacht than a cruise ship. A vintage picture of the Aurora cruise ship. A side view of the Aurora cruise ship. Inside of the Aurora cruise ship.
Persons: Christopher Willson, , Wappen von Hamburg, wasn't, Willson, leaseholder, Aurora Organizations: Craigslist, Service, Aurora Locations: Aurora, Santa Cruz , California, Silicon Valley, Rio Vista, Germany, California, San Francisco, Port of San Francisco, Stockton , California
Is it OK for an AI company to exclude the cost of training its AI models when it reports earnings? Related storiesFor an AI company like OpenAI, training models will be an ongoing process. The world is constantly evolving, and new data is being generated, which will have to be incorporated into AI models' understanding. Let's call it "AI adjusted earnings" for an AI company. They are a private company," McKenna said.
Persons: we've, Francine McKenna, McKenna, OpenAI, It's, Groupon, WeWork Organizations: Google, Facebook, MarketWatch, Revenue, Big Tech, KPMG Consulting, SAP, Oracle, Securities, Exchange Commission, SEC Locations: It's
CNN —Most musicians dream of winning a Grammy, but there’s only one award Chappell Roan is aiming for. So what better way to cap off her mega year than by winning her first Grammy Award? Creative director Ramisha Sattar and recording artist Chappell Roan. Universal Music Group“Please, please, please put some type of energy, a spell, whatever, that we get nominated for the Grammy,” Roan said in the video. “She is just as much Chappell Roan as I am, honestly,” Roan told CNN.
Persons: Chappell Roan, , Taylor Swift, Roan, , “ I’ve, I’ve, Ramisha Sattar, ” Roan, “ It’s, Kamala Harris, Sattar, Gen Z Lisa Frank, ” Sattar, Chappell Organizations: CNN, Austin, MTV, Recording, Universal, ” Universal Locations: Roan, Instagram
Wells Fargo — Shares of the San Francisco-based lender rose 3%, helped by better-than-expected earnings. However, the bank's revenue of $20.37 billion came in below the $20.42 billion expected, and Wells experienced an 11% decline in net interest income. Tesla , Uber — Tesla shares tumbled 6.4% after its event for the robotaxi, a self-driving cab concept, left investors feeling underwhelmed. Affirm , Flywire — Affirm shares popped 3.1% after Wells Fargo upgraded the buy-now-pay-later stock to overweight from equal weight. Elsewhere in the digital payments space, Wells Fargo downgraded Flywire to equal weight from overweight, sending shares down 2.7%.
Persons: Wells, JPMorgan Chase, Tesla, underwhelmed, Carlos Tavares, Flywire, Mobileye, Morgan Stanley, Kinder Morgan, Ferrari, Lisa Kailai Han, Jesse Pound, Michelle Fox, Yun Li, Sean Conlon Organizations: LSEG, JPMorgan, Revenue, Bank of America, BlackRock, Mizuho, Bank of Locations: San Francisco, Wells, Flywire, Atlassian, China
The S & P 500 touched a record in early trading and was headed for its fifth-straight winning week. Excluding the energy sector, S & P 500 profit growth should be 8-10%," the bank wrote in a note to clients. "Many of these companies are benefiting from continued strong growth in AI investment spending and monetization," UBS added. "In aggregate, the Magnificent 7 will account for 21% of S & P 500 profits in 2024 and closer to 25% in 2025." The bank sees the S & P 500 climbing to 5,900 by year end and 6,200 by June 2025.
Persons: Banks, Wells Organizations: UBS, Investors, JPMorgan Chase, Federal Reserve Locations: Wells Fargo, BlackRock
JPMorgan and Wells Fargo reported strong earnings that eased fears of a consumer slowdown. September's producer price index was flat, calming inflation concerns amid rising yields. JPMorgan CEO Jamie Dimon praised his bank's performance in the earnings release but warned that geopolitical conditions are "treacherous and getting worse." AdvertisementApart from earnings results, retail sales data, set to be released on October 17, is the next big data release for investors to watch. Here's where US indexes stood at the 4:00 p.m. closing bell on Friday:AdvertisementHere's what else is going on:In commodities, bonds, and crypto:
Persons: Dow Jones, Wells, , Wells Fargo, Jamie Dimon, Dimon, David Russell Organizations: JPMorgan, Service, Dow Jones, PPI, Business, Bank of America
I've been interested in computers since I was a child and wanted to pursue a career in computer science since the eighth grade. I did my bachelor's degree in computer science at Visvesvaraya National Institute of Technology in India from 2012 to 2016. I sat the exam and got decent marks, so I applied for several master's degrees in computer science in the US in 2017. I got into the computer science master's program at Stony Brook College in New York to start in 2018. All the computer science students worked and lived on the same campus – it felt competitive, but also motivating.
Persons: Shireen Nagdive, Nagdive, , I've, I'd, Salesforce, haven't, I'm, you've Organizations: Service, Salesforce, Visvesvaraya National Institute of Technology, Stony Brook College, Microsoft, Bay Area Locations: India, Silicon Valley, Kalyan, Mumbai, New York, America, Stony Brook, Long Island, Washington, Bay, Silicon, California
JPMorgan Chase is scheduled to report third-quarter earnings before the opening bell Friday. The biggest American bank has thrived in a rising rate environment, posting record net income figures since the Fed started hiking rates in 2022. Now, with the Fed cutting rates, there are questions as to how JPMorgan will navigate the change. Last month, JPMorgan dialed back expectations for 2025 net interest income and expenses, and analysts will want more details on those projections. Wells Fargo is scheduled to release results later Friday, while Bank of America , Goldman Sachs , Citigroup and Morgan Stanley report next week.
Persons: Chase Jamie Dimon, JPMorgan Chase, Jamie Dimon's, Wells Fargo, Goldman Sachs, Morgan Stanley Organizations: Chateau, JPMorgan, LSEG Revenue, Trading, American, Fed, KBW, Bank of America, Citigroup Locations: Versailles, Paris, Wells
Jim Cramer has been considering a potential investment in BlackRock, the world's largest asset manager, and we're now adding it to our Bullpen stocks-to-watch list. In addition to BlackRock, Club name Wells Fargo was among the companies that delivered strong results. Jim Cramer said Friday he knows the stock has run a lot, "but that doesn't mean it can't run more." As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER .
Persons: Jim Cramer, We've, Larry Fink, Fink, Wells Fargo, Morgan Stanley, It's, Jim, Wells, Jim Cramer's, Michael M Organizations: BlackRock, Management, CNBC, Global Infrastructure Partners, Federal Reserve, Club, New York Times, Santiago, Getty Locations: BlackRock, New York City
Chinese stocks are poised for a huge run-up in the next year, according to Renaissance Macro's Jeff deGraaf. Other notable investors have been looking to buy the dip in Chinese stocks amid continued stimulus efforts. Other traders on Wall Street have shown interest in buying the dip in Chinese equities, despite fear that Beijing's economic slowdown could stick around. Other strategists on Wall Street have made bullish calls on Chinese equities in recent weeks, with eyes on continued stimulus measures in Beijing. Goldman Sachs predicted China's stock market could rally another 20%, thanks to "more substantial policy measures" and Chinese stocks being oversold, strategists said in a note.
Persons: Jeff deGraaf, , deGraaf, Beijing didn't, Mario Draghi, Michael Hartnett, Yuan Wei, Yuan, Goldman Sachs Organizations: Service, Macro, CSI, Bloomberg, Beijing, Investors, Bank of America, Investment Fund Management Co Locations: , Beijing, China, Wall, Shenzhen, Hong Kong
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