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Nvidia shares have surged 25% in the last month and are closing in on a record ahead of tech earnings season in the coming weeks, when top customers like Meta , Microsoft and Alphabet will update shareholders on their expected investments in artificial intelligence. In August, Nvidia reported second-quarter earnings that showed revenue rose 122% year-over-year while net income more than doubled to $16.6 billion. The company also gave stronger-than-expected guidance for the current quarter and said it expects to ship several billion dollars worth of its new Blackwell AI chip. Demand is so high that Nvidia expects shipments for its current-generation Hopper chip to increase over the next two quarters. Nvidia shares jumped 4% on Sept. 23, after a filing showed Huang finished selling the company's stock.
Persons: Hopper, Jensen Huang, Blackwell, Huang, — CNBC's Michael Bloom Organizations: Nvidia, Meta, Microsoft, Apple, Oracle, Blackwell, Data Center, Mizuho Locations: China, Taiwan
CNN —Long before the outer bands of Hurricane Milton lashed the Florida coast, a political battle over the massive storm was already raging. This time, partly because Trump pushed so hard to exploit last week’s Hurricane Helene for his political gain, the sparring has started early. A storm of this size could give Trump a political openingTrump has repeatedly shown there’s no situation he will not try to leverage for political gain. “I’ve had storms under both President Trump and President Biden, and I’ve worked well with both of them. Unlike Harris, Biden had kinder words for DeSantis, saying on Tuesday that the governor had been “cooperative.”“I said no, ‘You’re doing a great job, it’s all being done well, we thank you for it,’” Biden said.
Persons: CNN — Long, Hurricane Milton, Donald Trump, Trump, Helene, Kamala Harris, Harris ’, “ It’s, it’s, , ABC’s, Evelyn Hockstein, Deanne Criswell, Joe Biden, Harris, Hurricane Helene, he’s, , Biden, Brian Kemp, Sen, JD Vance, Trump’s, Jonathan Drake, He’s, Laura Ingraham, Olivia Troye, Kevin Carroll, , ” Harris, George W, Barack Obama’s, Sandy, Republican Mitt Romney, Chris Christie’s, Obama, Christie, Ron DeSantis, DeSantis, Milton, Kevin Guthrie, Doug Engle, ” DeSantis, “ I’ve, I’ve, You’re, ’ ” Biden, ” Biden Organizations: CNN, Democratic, Trump, New York, Joint Base Andrews, Reuters Government, FEMA, Central, House, Biden, Hurricane, Georgia GOP Gov, Emergency Management Agency, Republican, Fox, , Storm, New, New Jersey Gov, Florida Gov, White, Florida Division, Emergency, Florida Horse, Ocala, USA, Florida Republican Locations: Hurricane, Florida, New, Joint Base Andrews , Maryland, Germany, Angola, Georgia, Tennessee, Fayetteville , North Carolina, North Carolina, New Orleans, Coast, New Jersey, ., Ocala , Florida
A new HBO documentary says that Canadian programmer Peter Todd is the creator of bitcoin. It points to several things to back the claim, but Todd denies he is the token's creator. The true identity of Satoshi Nakamoto, who wrote the bitcoin white paper, has been hotly debated. AdvertisementA new HBO documentary suggests the identity of bitcoin's inventor is a Canadian programmer named Peter Todd. "Money Electric: The Bitcoin Mystery," which premiered on HBO on Tuesday, names Todd as bitcoin's pseudonymous creator, Satoshi Nakamoto.
Persons: Peter Todd, Todd, Satoshi Nakamoto, , Len Sassaman, Nick Szabo, Adam Back, Cullen Hoback, Nakamoto, Nakamoto's, Hoback, I'm Satoshi, I'm Craig Wright, Satoshi, bettors Organizations: HBO, Service, Nakamoto, New York Times, Polymarket Locations: Canadian
To lower costs, 1 in 3 homeowners are willing to hire a contractor with holes in their resume. About 33% of surveyed homeowners say they'd consider hiring a contractor with a questionable reputation to save money, according to a new report by Clever Real Estate, a housing data site. Generally, homeowners say reputation is the most important factor when hiring a contractor (25%), followed by experience (23%), cost (19%), personal recommendations (13%), availability (11%) and estimated project timeline (10%). As homeowners juggle insurance claims and recovery efforts from back-to-back storm aftermaths, one thing to keep in mind is who to hire as a contractor. Ask for reviews and references "The first thing you want to do is check [the contractor's] reputation," said Hicks.
Persons: Visoot, Clever, Milton, Worters, Hicks, Dunaway, Seale, they'd
The relationship between Trump and Putin has long been a source of controversy. AdvertisementWith only a month to go before the presidential election, Donald Trump's relationship with Russian President Vladimir Putin has once again come under the spotlight. In a forthcoming book, journalist Bob Woodward says that the former president and Putin have a closer friendship than previously known. The Ukraine war has already roiled markets for food, oil, gas, and other products, and wider conflict could have an even more devastating impact. If Russian President Vladimir Putin is victorious in Ukraine, it may embolden Chinese leader Xi Jinping to invade Taiwan.
Persons: Trump, Putin, , Donald Trump's, Vladimir Putin, Bob Woodward, Steve Cheung, Woodward, Robert Mueller, Yuri Gripas, Joe Biden, he'd, he's, JD Vance, Volodymyr Zelenskyy, Philip Ingram, Zelenskyy, Kenneth Rogoff, William Pomerantz, Vance, Xi, Ingram, Xi Jinping, Sergei Savostyanov, Jamie Dimon, Dimon, William Reinsch, Kamala Harris, Harris, Pomeranz Organizations: Service, CNN, Washington Post, Putin, Trump, Kremlin, REUTERS, Republicans, International Monetary Fund, Wilson Center, Getty, JPMorgan, CNBC, TV18, Center for Strategic, International Studies, Wall Street Locations: Ukraine, Russia, British, Europe, Washington ,, China, Russian, Taiwan, NATO, Asia, India, Pennsylvania
One of several Wells Fargo top trading ideas for the fourth quarter of 2024 is shorting Elon Musk's electric vehicle company, Tesla . One of Wells Fargo's top recommendations is to short Tesla , betting that the stock will fall. These dynamics, alongside improved earnings momentum, could make Las Vegas Sands an "idiosyncratic, self-help story plus a Macau/China macro play." LVS YTD mountain Las Vegas Sands stock. Wells analyst Elyse Greenspan expects improving organic revenue growth, free cash flow conversion and expanding profit margins will drive the stock higher.
Persons: shorting Elon, Wells, Colin Langan's, Langan, bady, Dan Politzer, Politzer, Willis Towers Watson, Watson, Elyse Greenspan, Willis Organizations: Wells Fargo, U.S, Presidential, Amazon, Micro, Sands, Vegas Sands Locations: Wells, Macao, Macau, China, Vegas
For Selva, leading the Transformation is unlike any test he has faced in his three-decade career at Citi. To do so, he has to solve for Citi's decades of underinvestment in its infrastructure, which affects every business line of the bank. Under Selva, Citi was the No. Related stories"The challenge with the Transformation role is you are accountable yet not responsible," the managing director in the Transformation said. Courtesy of CitiBringing in Ryan, the bank's head of technology and business enablement, to help the bank catch up makes sense.
Persons: Jane Fraser, Anand Selva, Selva, Sen, Elizabeth Warren, We've, Fraser, Gonzalo Luchetti, Luchetti, Kathleen Martin, Martin, Mike Mayo, Tim Ryan, Mayo, Vernon Yuen, Adora Tidalgo, Anand, Jim O'Donnell, Win McNamee, Andy Sieg, Tidalgo, Phil Waxelbaum, Jeffrey Warren, Ryan, Warren, Ashutosh Nawani, Japan Mehta, Mehta, Nawani, Tom Williams, Timothy Coffey, Janney Montgomery Scott, they've, Stephen Biggar Organizations: Citigroup, Citi, Federal Reserve, Currency, OCC, Business, underperformance, BI, Citi ., Coimbatore Institute of Technology, Madurai Kamaraj University, Asia Pacific, divesting, Employees, Merrill Wealth Management, PricewaterhouseCoopers, Russell Reynolds Associates, Securities, Exchange Commission, Bloomberg, Getty, Argus Research Locations: Selva, Chennai, India, Asia, who's, Wells, Madurai, Coimbatore, China, Singapore, New York, Fraser, Europe, Ryan
Leftover debris from Hurricane Helene could make incoming Hurricane Milton even more dangerous. Milton is expected to make landfall in Florida on Wednesday, the second major storm in two weeks. The region has been scrambling to pick up as much debris as possible before it's too late. AdvertisementLess than two weeks after Hurricane Helene devastated parts of Florida, another major storm is bearing down on the region — and there's a scramble to clean up before it gets there. That creates a compounding effect that makes everything more expensive — and more dangerous, Schlegelmilch said.
Persons: Hurricane Helene, Milton, , Helene, Milton —, Ron DeSantis, Nick Friedman, they've, Friedman, DeSantis, Marla Spence, Howell, — that's, it's, It's, Jeffrey Schlegelmilch, Schlegelmilch Organizations: Service, Tampa, National Oceanic, Administration, Tampa Bay Times, National Hurricane Center, state's Department of Transportation, Environmental Program Management, Milton, National Center for Disaster Preparedness, Columbia Climate School Locations: Hurricane, Florida, Tampa, Helene, Tampa Bay
Federal Reserve policymakers have been breathing easier lately regarding inflation, and that faith that they're closer to achieving their goal will get a key test Thursday. Specifically, the Labor Department's reading is expected to show an annual inflation rate of 2.2% and a monthly gain of just 0.1%, according to the Dow Jones consensus. However, following a much better than expected jobs report for September, Fed officials in recent days have indicated a likely more measured approach to cuts ahead. Details in Thursday's report will matter: Housing inflation has proven to be stubborn, though policymakers still expect lower rent renewals to feed into the data the months progress. The report hits just after the S & P 500 rose to a new record on Wednesday.
Persons: Dow Jones, Lorie Logan, Logan Organizations: Labor Department, Labor, Dallas
Editor’s Note: Call to Earth is a CNN editorial series committed to reporting on the environmental challenges facing our planet, together with the solutions. Rolex’s Perpetual Planet Initiative has partnered with CNN to drive awareness and education around key sustainability issues and to inspire positive action. London CNN —A magical underwater image of western toad tadpoles has won the 2024 Wildlife Photographer of the Year competition. “A photographer attempting to capture this moment not only brings great skill, but incredible attention to detail, patience and perseverance,” Moran said in the statement. An exhibition of 100 awarded images will open at the museum on Friday.
Persons: Shane Gross, “ Shane, Kathy Moran, Alexis Tinker, , ” Moran, , Doug Gurr Organizations: CNN, Initiative, London CNN, Geographic, Young Wildlife Locations: Lake, Vancouver, British Columbia
Gold lacks momentum as investors brace for Fed minutes
  + stars: | 2024-10-09 | by ( ) www.cnbc.com   time to read: +2 min
Gold prices slipped on Thursday as investors booked profits after a sustained rally and pressure from institutional investors looking to raise cash, while focus shifted to U.S. economic data for clues on the Federal Reserve's rate path. Gold prices were subdued on Wednesday as investors strapped in for minutes from the Federal Reserve's latest policy meeting for insights into the U.S. central bank's interest rate trajectory. "Gold prices seem to be seeing a much-needed retracement lower. Boston Fed President Susan Collins said on Tuesday that weakening inflation trends make it likely the U.S. central bank can implement further interest rate cuts. Zero-yield bullion tends to thrive in a low interest rate environment.
Persons: I'm, Matt Simpson, Simpson, Susan Collins Organizations: Federal, Index, Traders, U.S . Consumer, Boston, Gold Locations: U.S, North America
All eyes are on Nvidia milestone into Wednesday's close
  + stars: | 2024-10-09 | by ( Sarah Min | ) www.cnbc.com   time to read: +1 min
Nvidia is the stock to watch heading into Wednesday's close. The mega-cap tech stock that is everyone's artificial intelligence barometer is nearing a milestone with its recent rally. At its high for Wednesday's session it reached $134.52. The morning move higher in Nvidia helped to lift the S & P 500 to an intraday record . A record close for Nvidia, along with an S & P 500 record close, could indicate to some that the artificial intelligence trade that's powered the bull market is back on.
Persons: Katie Stockton, She's, Stockton Organizations: Nvidia Locations: Wednesday's
True to its name, the S&P 500 index includes 500 large U.S. companies. They are the SPDR S&P 500 ETF Trust , which trades under the ticker SPY; iShares Core S&P 500 ETF , with ticker IVV; and Vanguard S&P 500 ETF , which trades as VOO. Future index performance could be 'muted'The S&P 500 index has continued to make headlines for new all-time highs in 2024. Goldman Sachs just raised its S&P 500 index forecast for 2024 to 6,000 up from 5,600 to reflect expected earnings growth. S&P 500 'hard to beat in the long run'Investing in the S&P 500 index is a popular strategy.
Persons: Warren Buffett, Berkshire, Morningstar, VOO, Larry Adam, Raymond James, Adam, Goldman Sachs, Tom Lee, Bryan Armour, Armour, Sean Williams, Williams Organizations: Berkshire Hathaway, Cnbc, Nbcuniversal, Trust, Vanguard, U.S, ETF, Fundstrat Global Advisors, CNBC, Morningstar, Cadence Wealth Partners Locations: St . Petersburg , Florida, U.S, Concord , North Carolina
As Hurricane Milton barrels toward Tampa Bay, some residents are saying that the resources needed to evacuate — especially gasoline — are in short supply, despite a mandate to leave the area. Debris from Helene also poses a risk as Milton approaches because the objects can turn into dangerous projectiles. On social media, lines stretching around the block could be seen at the few gas stations in the greater Tampa Bay area that still had fuel. Hurricane Helene had already damaged her family home and she assumes more, if not total damage, will be wrought by Milton. “What’s really sad is seeing people pulling up to gas stations and just staring at pumps that are out of gas,” she said.
Persons: Milton, Ashley Khrais, she's, ” Khrais, , Milton “, Hurricane Helene, Helene, Tampa Mayor Jane Castor, ” Castor, Ron DeSantis, , ” DeSantis, Lindsey Carlson, Carlson, she’s Organizations: National Hurricane Center, FEMA, White, Tampa Mayor, CNN, Milton’s, National Oceanic, Atmospheric Administration, Florida Division, Emergency Management, Gov, “ Fox, Patrol Locations: Tampa Bay, Holiday , Florida, Tampa, Florida, Hurricane, Lauderdale’s Port, Southeast Florida, Plant City, Lakeland, Jacksonville, Milton
In September 2018, 50,568 migrants tried to cross the southern border between legal ports of entry. A year later, 52,546 immigrants tried to cross, and in September 2020, the number was 54,771. This September’s preliminary total of about 54,000 attempted illegal crossings also includes an unspecified number of apprehensions at the northern U.S. border. Northern crossings have long been a tiny fraction of southern border crossings, though they have risen in 2024. It is not yet known how many immigrants came into the U.S. in the same period legally through newly created pathways established by the Biden administration.
Persons: Joe Biden, Trump, Biden, Kamala Harris, crossers Organizations: Patrol, NBC, Customs, CBS News, Immigrants, NBC News Locations: United States, U.S, Cuba, Haiti, Nicaragua, Venezuela, Mexico
Viewers tuning into NFL and college football games in recent weeks have been bombarded with two Trump ads — running nationally and locally in swing states — that take issue with Vice President Kamala Harris’ past support for taxpayer-funded gender-affirming treatments. “So we’ll talk about it for them.”The Harris campaign declined to comment on the record. The two trans ads are Trump’s two most-seen commercials during professional and college football games, according to AdImpact, a firm that tracks political commercials and ad spending. Trump campaign officials say the ads will make it harder for Harris to make up ground with men, where polls show her trailing Trump. A Trump campaign official said the campaign's internal polling showed the ad was resonating with Black men — a demographic the campaign is courting.
Persons: Donald Trump’s, don’t, Kamala Harris ’, Kamala, Trump, , Harris, , Chris LaCivita, Michael Tyler, IX, Trump’s, ’ ”, Tim Murtaugh, Charlotte Clymer, didn't, “ I’ve, Roe, Clymer, Murtaugh, ” Murtaugh, ” Rep, Ritchie Torres, Caucus —, Donald Trump, MAGA, Torres, Sean Meloy, Mary, haven’t, ” Meloy, , Meloy, , “ We’ve Organizations: NFL, Trump, Democratic, Fox News, The New York Times, Siena College, American Civil Liberties Union, California Department of Corrections, NBC, , Congressional, Caucus, GOP, Republicans, Democrats Locations: Wisconsin, United States, Kansas, Kentucky
Canadian musician Nell Smith, who collaborated with The Flaming Lips, has died at the age of 17. Simon Raymonde, co-founder of the record label Bella Union, confirmed her death on Instagram Monday. “We are all shocked and devastated to hear of the sudden and tragic passing of our artist and dear friend Nell Smith, over the weekend in British Columbia,” Raymonde wrote. The Flaming Lips during a concert Sunday in Portland, Oregon said she died in a car accident. “We have a very sad announcement to make tonight,” band leader Wayne Coyne said, according to video shared on social media.
Persons: Nell Smith, Simon Raymonde, , ” Raymonde, “ Nell, Penelope, ’ Jack, Lily Wolter, ” Smith, Nick Cave, Wayne Coyne, , Jude, Rachel, Jed, Ike Organizations: Bella Union Locations: British Columbia, Brighton, Portland , Oregon, Canadian
The Weather Prediction Center has increased the rainfall threat for Wednesday to a rare “high” risk, or a level 4 of 4. For Tampa that would equal more than five months’ worth of rain – the average for October is 2.34 inches. More than 10 inches of rain could also break monthly records for some cities in central Florida. The heavy rainfall combined with high storm surge could create an especially dangerous situation. Flood watches remain for nearly 20 million people across Florida, and over 5 million people are under storm surge alerts.
Persons: Fort, Flood Locations: Tampa, Orlando, Florida, Fort Myers, Sarasota, Gulf, Atlantic, Milton
CNN —The identity of bitcoin creator Satoshi Nakamoto has long been one of the biggest mysteries of the internet age. Yet the man that director Cullen Hoback’s film names as the 2009 founder of bitcoin is denying he is Satoshi Nakamoto. “For the record, I’m not Satoshi,” Peter Todd, a bitcoin core developer, told CNN in a statement. Hoback’s evidence includes a 2010 bitcoin message board post from Todd that he concludes was written by Satoshi Nakamoto. I gave Peter Todd every opportunity to contradict the claims, to explain the claims.
Persons: Satoshi Nakamoto, , Cullen Hoback’s, bitcoin, ” Peter Todd, Todd, “ Cullen, “ Peter, ” Hoback, Hoback, Satoshi Nakamoto’s, he’s, Cullen Hoback, You’re, Satoshi, It’s, Craig Wright, They’re, you’ve, Peter Todd, I’ve, Adam Back, Adam, Peter, Roger Ver, Let’s, Peter Todd’s, ” Todd, I’m, Todd “, ” “ He’s, “ Peter’s Organizations: CNN, HBO, Warner Bros ., ” CNN, Newsweek Locations: Latvia, Satoshi’s
View at Amazon What we like Check mark icon A check mark. View at Amazon What we like Check mark icon A check mark. View at Amazon What we like Check mark icon A check mark. View at Amazon What we like Check mark icon A check mark. View at Amazon What we like Check mark icon A check mark.
Persons: AirPods, They're, Apple AirPods Max, Bose, Max, Apple Organizations: Business, Deal, Sony WH, 1000XM5, Sony, Apple, ANC, Wireless, Amazon, Bose, Anker
Covered by homeowners insurance: Not covered by homeowners insurance: FireWaterTheftVandalismHail , wind, lightning*, wind, lightning* Damage by a falling tree Maintenance and repairFloodEarthquake* Standard homeowners insurance covers hail damage, but there may be an exclusion if you live somewhere that gets a lot of it. Contact Information for Major Homeowners Insurance ProvidersState FarmClaims Phone Number: 800-732-5246Website: www.statefarm.comAllstateClaims Phone Number: 800-255-7828Website: www.allstate.comGEICOClaims Phone Number: 800-841-3000Website: www.geico.comUSAAClaims Phone Number: 800-531-8722Website: www.usaa.comLiberty MutualClaims Phone Number: 800-225-2467Website: www.libertymutual.comTips for a Smooth Homeowners Insurance Claim ProcessThough most homeowners insurance companies make it pretty easy to file a claim, the process can still be intimidating if you've never been through it before. Homeowners insurance claim FAQWhat should I do immediately after damage occurs? If your home insurance claim is denied, contact your insurance company to find out why, then file an appeal. She’s reviewed life insurance and pet insurance companies and has written numerous explainers on travel insurance, credit, debt, and home insurance.
Persons: Steve Wilson, you've, you'll, haven't, Jamela Adam, Read, Asis Alani Asis, Forbes, She’s Organizations: Hippo Insurance, Insurance, Major Homeowners Insurance, Allstate, Liberty, Smooth Homeowners, Records, All Communications, National Association of Public Insurance, National Association of Independent Insurance, Chevron, Forbes, . News, Mint Intuit, Asis, Business, AARP, CNN, Fortune, U.S . News, Finance, University of Hawaii Locations: U.S, Manoa
Head coach Robert Saleh of the New York Jets celebrates with Aaron Rodgers #8 after a touchdown against the New England Patriots during the second quarter in the game at MetLife Stadium on September 19, 2024 in East Rutherford, New Jersey. The New York Jets fired head coach Robert Saleh, according to multiple published reports on Tuesday, following the team's disappointing start with Aaron Rodgers back at the helm — and amid seeming tensions between the coach and the star quarterback. Saleh, who was hired by the Jets in 2021, finished his Jets head coaching record at 20-26. The Jets committed five false start penalties in the Denver loss and Saleh said it could be linked to the tricky cadence Rodgers employs when barking out pre-snap signals. And in the win over New England, Rodgers appeared to rebuff an attempted hug from Saleh after a touchdown.
Persons: Robert Saleh, Aaron Rodgers, Saleh, Rodgers, there's, Rogers, rebuff Organizations: New York Jets, New England Patriots, MetLife, The New York Jets, Jets, San Francisco 49ers, woeful Tennessee Titans, Denver Broncos, Minnesota Vikings, New Locations: East Rutherford , New Jersey, The, London, Denver, New England
New York CNN —The cost of a Mega Millions ticket is more than doubling, but the multi-state lottery game is promising that the bigger price comes with better odds. It’s the second time the price of a ticket has increased in Mega Millions’ 22-year history: In 2017, the price jumped from $1 to $2 — the same cost of a Powerball ticket. That’s also when Mega Millions adopted its current format of choosing six total numbers from two different pools – and when all the numbers match, including the gold Mega Ball, the player wins the jackpot. Mega Millions said that the increased ticket price will cause larger-starting jackpots, as well as faster-growing jackpots. Mega Millions is available to play in 45 states plus Washington, DC, and the US Virgin Islands.
Persons: It’s, That’s, , Joshua Johnston Organizations: New, New York CNN, Mega, Mega Millions Consortium, Virgin Islands Locations: New York, Florida, Washington, Virgin
As long as companies report that they're feeling good about lower interest rates, stocks should rise. That's according to Bank of America, which notes that apart from that dynamic, the bar for third-quarter earnings set by Wall Street is pretty low. The analysts expect 2% earnings growth, below consensus estimates of 4% and second-quarter earnings growth of 11%. As long as companies have managed through macro headwinds and see early signs of improvement from lower rates, stocks should get rewarded," the analysts said in a Tuesday note. The analysts recommend watching those sectors for early signs of improvement from lower rates ahead of earnings.
Persons: Organizations: Bank of America, Service, Wall, Federal Reserve, Manufacturing
Influencer-marketing startup Dreamwell AI raised $2.3 million in a pre-seed round led by Tim Draper. The company uses AI to automate marketing tasks like influencer prospecting and outreach. A new tech startup called Dreamwell AI has its sights set on using AI to make influencer marketing run more efficiently. "First and foremost, we try to understand what's the value of this creator," Khazaal said. Startups and Big Tech alike are adding AI tools to help creators automate tasks like video editing, dubbing, and even coming up with ideas.
Persons: Tim Draper, , Kazzy Khazaal, Dreamwell, Tim Draper's, Draper, Khazaal, they'd, Prashant Matta Organizations: Service, Business, Draper Associates, Seed Venture Fund, YouTube, LinkedIn, Big Tech, Publicis Groupe
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