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☆ Buy Nvidia as AI adoption is still in the early stages, Redburn Atlantic says
▼ + stars: | 2024-11-12 | by ( Pia Singh | In | ) www.cnbc.com time to read: +2 min

Nvidia 's still in early growth stages as artificial intelligence capabilities continue to progress, according to Redburn Atlantic. Analyst Timm Schulze-Melander initiated the stock with a buy rating and a price target of $178, which implies upside of 22.5%. Looking ahead, the analyst sees the AI powerhouse boasting 65% EBIT margin expansion and compound annual earnings growth of 38% between 2024 and 2030. The first growth driver is in accelerated computing, which aims to make AI data processing more efficient, Schulze-Melander said. The second factor behind Nvidia's growth case is the market's underestimation of demand for the company's products and services — even as rivals try to curb the chipmaker's dominance.

Persons: Timm Schulze, Melander, Schulze Organizations: Nvidia

☆ Apple is making it easier to find your lost luggage by letting you share AirTag tracking info with airlines
▼ + stars: | 2024-11-12 | by ( Jaures Yip | ) www.businessinsider.com time to read: +4 min

Apple announced a feature to share AirTag tracking info with third parties, like airlines. The feature, "Share Item Location," is expected to launch with iOS 18.2 in December. AdvertisementApple's newest AirTag feature is expected to make finding lost luggage a little easier for frequent fliers. However, Share Item Location is now available in the public beta for iOS 18.2. Additionally, air transport tech company SITA will also integrate Share Item Location into its baggage-tracking system.

Persons: —, Apple, it's, David Kinzelman Organizations: Apple, Service, iOS, Apple Intelligence, Delta Air Lines, United, British Airways, Air Canada Locations: Delta

☆ Trump picks Kristi Noem to serve as his Homeland Security secretary
▼ + stars: | 2024-11-12 | by ( Kaitlan Collins | ) edition.cnn.com time to read: +1 min

CNN —President-elect Donald Trump has selected South Dakota Gov. Kristi Noem as his next secretary of the Department of Homeland Security, according to two people familiar with the selection. Noem will be tapped to take over the agency as two key immigration hardliners — Stephen Miller and Tom Homan — are slated to serve in senior roles, signaling Trump is serious about his promise to crack down on his immigration pledges. With his selection of Noem, Trump is ensuring a loyalist will head an agency he prioritizes and that is key to his domestic agenda. The department saw an immense amount of turmoil the last time Trump was in office.

Persons: Donald Trump, Kristi Noem, — Stephen Miller, Tom Homan —, Trump, Noem Organizations: CNN, South Dakota Gov, Department of Homeland Security, Trump, DHS, Customs, Border Protection, Customs Enforcement, Federal Emergency Management Agency, Service, The Guardian Locations: South Dakota

☆ Marble bust bought for $6 and used as doorstop could sell for more than $3 million
▼ + stars: | 2024-11-12 | by ( Amarachi Orie | ) edition.cnn.com time to read: +2 min

CNN —A sculpture bought for just £5 ($6) and used as a doorstop could sell for more than £2.5 million ($3.2 million) after a Scottish court gave the green light for its sale. In 1998, the bust was found being used to keep open a shed door on an industrial park, according to the Highland Council. In a May report on the proposed sale, the Highland Council said a private overseas buyer had contacted auction house Sotheby’s and put forward an offer of more than £2.5 million. Following a public consultation earlier this year, members of a council committee recommended that the bust should be sold. By June, the wider council had agreed to the proposal, the spokeswoman told CNN.

Persons: Edmé Bouchardon, John Gordon, Gordon, “, Invergordon, ” Organizations: CNN, Scottish Highlands, region’s Highland Council, Highland Council, Getty Museum, ” CNN, Central Michigan University Locations: Tain, Invergordon, Paris, Los Angeles

☆ I'm 71 and have always been happily single. I used to feel judged for enjoying time alone, including the holidays, but now I'm proud.
▼ + stars: | 2024-11-12 | by ( Kim Schewitz | ) www.businessinsider.com time to read: +5 min

Related Video The surprising effects loneliness has on your brain and bodyThere's a preconception that if you're single, you're either stuck at home alone or forced to do things on your own because you don't have anyone. I consider myself single at heart, which means I'm happiest and most fulfilled when I'm not in a relationship. As I've gotten older it's flipped and I'm happy to have five or six days a week to myself, although I'm happy to do more socializing than that. AdvertisementI don't have a yearly Thanksgiving or Christmas tradition now but I've celebrated them with friends, family, and on my own. I'm happy with whichever.

Persons: Bella DePaulo, —, who's, we're, I'm, Doug Ellis, I've, DePaulo, Bella DePaulo I've, What's Organizations: Service, University of Virginia Locations: California, Summerland , California, Washington DC, New York, Toronto, Los Angeles, San Francisco, Seattle, Pennsylvania, Mexico

☆ The impact of potential China tariffs and Trump's cabinet picks
▼ + stars: | 2024-11-12 | 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 impact of potential China tariffs and Trump's cabinet picksShehzad Qazi, China Beige Book managing director, joins 'Fast Money' to discuss the state of U.S. and China relations ahead of President-elect Trump's return to office.

Persons: Shehzad Qazi, Trump's Locations: China, U.S

☆ Decarbonization is hard for a lot of companies, MSCI says
▼ + stars: | 2024-11-12 | 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 EmailDecarbonization is hard for a lot of companies, MSCI saysLinda-Eling Lee, founding director and head of the MSCI Sustainability institute, says companies are committing to climate targets despite challenges.

Persons: MSCI, Linda, Eling Lee Organizations: Sustainability

☆ Nearly 216,000 job seekers had their personal data left unsecured on a tech recruiter's database, a security researcher says
▼ + stars: | 2024-11-12 | by ( Lloyd Lee | Katherine Tangalakis-Lippert | ) www.businessinsider.com time to read: +5 min

It's unclear if any unauthorized parties accessed the exposed data. AdvertisementFowler on Monday published his security report indicating that Alltech left its database of job candidate information unsecured without a password. That left the personal identifying information of about 216,000 tech job candidates exposed. It's unclear why Alltech collected job seekers' Social Security or passport information. Fowler said job candidates should be "skeptical" of recruiters who ask for personal information as a condition of applying for a job.

Persons: —, Jeremiah Fowler, Fowler, Alltech, hasn't, Justin Miller, Miller Organizations: Service, Security, Alltech Consulting, Business, LinkedIn, Secret Service, University of Tulsa, Social, lloydlee Locations: New Jersey

☆ Shell not obliged to cut its pollution, Dutch court rules in landmark climate case
▼ + stars: | 2024-11-12 | by ( Hanna Ziady | ) edition.cnn.com time to read: +2 min

London CNN —Shell is not obliged to dramatically reduce its planet-heating pollution by 2030, a Dutch appeals court ruled Tuesday, overturning a previous verdict that imposed steep carbon emissions reductions on the British oil and gas giant. Shell (SHEL) had appealed the previous ruling, handed down in 2021, which ordered the company to slash its CO2 emissions by 45% by 2030 from 2019 levels. That included emissions from its own operations and from the energy products it sells. As such, it dismissed the previous ruling. “At the same time, we see that this case has ensured that major polluters are not inviolable and has further fueled the debate about their responsibility in combating dangerous climate change.

Persons: Wael Sawan, ”, Donald Pols Organizations: London CNN — Shell, Hague, Appeal, Shell, “, Supreme Locations: Netherlands

☆ Mike Huckabee once said that ‘there’s really no such thing as a Palestinian’
▼ + stars: | 2024-11-12 | by ( Andrew Kaczynski | ) edition.cnn.com time to read: +2 min

“Basically, there really is no such thing as — I need to be careful about saying this, because people will really get upset — there’s really no such thing as a Palestinian,” Huckabee said at a 2008 campaign stop in Massachusetts while speaking to two Orthodox Jewish men. “There’s not.”In response to a question from one of the men about the possibility of a Palestinian state existing outside of Israel, Huckabee said he believed this was the preferable option. But there’s really no such thing. Huckabee reiterated that point during a 2015 interview on Israeli TV, in which he argued that a two-state solution was “irrational and unworkable” and said “there’s plenty of land” outside of Israel in the “rest of the world” for a Palestinian state. CNN reached out to Huckabee and the Trump transition team for comment on whether Huckabee stands by his comments.

Persons: CNN —, Mike Huckabee, Donald Trump, ” Huckabee, ”, CNN’s Andrew Kaczynski, Huckabee, — there’s, “ There’s, there’s, That’s, BuzzFeed, “ Organizations: CNN, CNN — Former Arkansas Gov, Huckabee, Trump Locations: Israel, Palestinian, Egypt, Syria, Jordan, Israel’s, Massachusetts

☆ Larry Summers sounds the alarm bell on inflation — before Trump even takes office
▼ + stars: | 2024-11-12 | by ( Matt Egan | ) edition.cnn.com time to read: +3 min

Now, with many celebrating the apparent defeat of inflation, Summers is delivering another warning to Washington. Summers, the famed economist and former Treasury secretary, cautioned Tuesday that the inflation genie may not be back in the bottle. “My own judgement is that the Fed and markets are still underestimating the overheating risk,” Summers said during a conversation hosted by the New York Economic Club. “I am fearful that the Fed is going to be more like once burned, twice burned, rather than once burned, twice shy, on inflationary risks,” Summers said. “There is a very substantial risk that the president will attempt to implement what he talked about.

Persons: Larry Summers, Donald Trump, Summers, Trump, “, ” Summers, Clinton, Biden, Jerome Powell, Powell, ” Powell, Donald Trump’s, ” Trump, ” Organizations: New, New York CNN, White, Federal Reserve, New York Economic, Reserve, Harvard, Bureau of Labor Statistics Locations: New York, Washington

☆ Laken Riley case: Man accused of killing nursing student waives right to jury trial
▼ + stars: | 2024-11-12 | by ( Rebekah Riess | ) edition.cnn.com time to read: +1 min

CNN —The man accused of killing Georgia nursing student Laken Riley on Tuesday waived his right to a trial by jury and agreed to a bench trial – where a judge will decide his guilt or innocence. With the prosecution in agreement, Superior Court Judge H. Patrick Haggard approved 26-year-old Jose Antonio Ibarra’s waiver. Ibarra, through his translator, told the judge he understands he can’t go back and change this decision. Riley, a 22-year-old Augusta University College of Nursing student, was killed on February 22 while out for a run on the University of Georgia’s campus. Laken Riley, 22, was killed while on a jog at the University of Georgia's campus in February 2024.

Persons: Laken Riley, H, Patrick Haggard, Jose Antonio Ibarra’s, Ibarra, can’t, Riley, Judge Haggard, Kathleeen Magramo Organizations: CNN, Superior, Augusta University College of Nursing, University of Georgia’s, University of Georgia's Locations: Venezuela

☆ Netflix ad-supported tier has 70 million monthly users two years after launch
▼ + stars: | 2024-11-12 | by ( Lillian Rizzo | ) www.cnbc.com time to read: +2 min

Netflix's cheaper, ad-supported tier has reached 70 million global monthly active users two years after it was launched. The company said Tuesday more than 50% of its new sign-ups are for ad-supported plans in countries that offer the option. When Netflix launched its ad platform two years ago, the company said Nielsen would rate its content. Netflix offered its last update on its ad-supported tier in May, when it said it reached 40 million global monthly active users, nearly doubling the figure it had shared in January. Netflix also announced in May it would launch its own advertising platform, ending a partnership with Microsoft for that technology.

Persons: Nielsen, it's Organizations: Netflix, Wall, May, National Football League, FanDuel, Verizon, Media, Microsoft Locations: Madrid, Upfronts, Canada, U.S

☆ Here are Tuesday's biggest analyst calls: Nvidia, Apple, Tesla, Meta, Snowflake, Walmart, Wells Fargo, Alphabet & more
▼ + stars: | 2024-11-12 | by ( Michael Bloom | ) www.cnbc.com time to read: +7 min

Here are Tuesday's biggest calls on Wall Street: Loop initiates NXP Semiconductor as buy The firm said it's bullish on the semiconductor company. Morgan Stanley reiterates Walmart as overweight Morgan Stanley raised its price target on the stock to $89 per share from $82 ahead of earnings next week. Morgan Stanley reiterates Tesla as overweight Morgan Stanley said it's sticking with the stock heading into a Trump administration. Morgan Stanley upgrades International Flavors to overweight from equal weight Morgan Stanley said in its upgrade of International Flavors that the fragrance and spice company is undervalued. Morgan Stanley upgrades Viking to overweight from equal weight Morgan Stanley said it sees an attractive entry point for the cruise company.

Persons: it's bullish, NXPI, Mizuho, it's, Morgan Stanley, WMT, Tesla, VIK, Redburn, Ross, Robinson, Wells, Bristol Myers, MoffettNathanson, D.A, Davidson, Snowflake Organizations: Semiconductor, NXP Semiconductor, Nvidia, Mizuho, TAM, 4Q, Citi, Deutsche Bank, Deutsche, " Bank of America, & Co, Bank of America, Apple Locations: eCommerce, VIK, OW, Wells Fargo, Bristol

☆ It’s healthy to challenge some of the powers that have been accumulated by the Fed: Judy Shelton
▼ + stars: | 2024-11-12 | 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 EmailIt’s healthy to challenge some of the powers that have been accumulated by the Fed: Judy SheltonCNBC’s Steve Liesman and Independent Institute senior fellow Judy Shelton join 'Squawk Box' to discuss the independence of the Federal Reserve, whether the Fed has accumulated too much power, and more.

Persons: Judy Shelton CNBC’s Steve Liesman, Judy Shelton Organizations: Fed, Independent Institute, Federal Reserve

☆ COP29: Why thousands are gathering around a rancid ‘dead whale’ by the Caspian Sea
▼ + stars: | 2024-11-12 | by ( Laura Paddison | ) edition.cnn.com time to read: +3 min

CNN —An enormous, rancid-smelling, 52-foot sperm whale has lain beached on the shoreline of the Caspian Sea, the world’s largest lake, since Monday. It’s a jarring sight; no sperm whales live in this vast body of water. “When we think the story is right, we pop up in a city,” said Bart Van Peel of Captain Boomer. The aim is to play with fact and fiction, to challenge people’s beliefs and make them think, Van Peel told CNN. So far, thousands of people have gathered to stare at the whale since it was installed early Monday morning, Van Peel said.

Persons: It’s, Boomer, ”, Bart Van Peel, Captain Boomer, Van Peel, Aziz Karimov, Adnan Hussein, ” Van Peel Organizations: CNN, UN, Reuters Locations: Azerbaijan’s, Baku, Belgian, Europe, Australia, Azerbaijan, Belgium, Turkey, Georgia

☆ This stock could be the new 'pick-and-shovel play' in the next wave of AI, Wells Fargo says
▼ + stars: | 2024-11-12 | by ( Pia Singh | In | ) www.cnbc.com time to read: +2 min

Twilio could be a standout name as software stocks bounce back heading into the end of the year, according to Wells Fargo. Analyst Michael Turrin upgraded San Francisco-based Twilio to overweight from equal weight and lifted his price target by 50%, or $40, to $120 from $80. That suggests 28% potential upside for the cloud-based communication software company, which has already gained nearly 24% year to date. Underlying Turrin's investment thesis is his belief that software vendors will lead the next phase of AI development. "We believe Twilio can serve as a pick-and-shovel play for the next wave of AI-native front office and communications-powered genAI applications," Turrin said, highlighting the company's integration with OpenAI's Realtime API that allows developers to build low latency speech to speech AI agents into applications.

Persons: Michael Turrin, Turrin Locations: Wells Fargo, San Francisco

☆ Underwater robot spots a glowing ‘mystery mollusk’ in the ocean’s midnight zone
▼ + stars: | 2024-11-12 | by ( Ashley Strickland | ) edition.cnn.com time to read: +8 min

Investigating Bathydevius and its adaptations could reveal more about the midnight zone, which is the largest habitat on Earth and accounts for 70% of all seawater on the planet. A study describing the new species published Tuesday in the journal Deep Sea Research Part I. “The deep water column is maybe the last place you’d expect to find a nudibranch,” Robison said. The midnight zone is cold and dark and very forbidding to us terrestrial creatures, yet it is filled with life, albeit life forms adapted to a very different set of challenges than we face. The sea slug is bioluminescent, leading it to look "starry" when threatened.

Persons: Bathydevius, Bruce Robison, Steven Haddock, “ We’ve, ”, Robison, Haddock, Mariana Trench, ” Robison, Bathydevius caudactylus, ” Haddock, smothers, “, Bioluminescence Organizations: CNN —, Aquarium Research, Aquarium Research Institute, Tiburon, ”, National Oceanic, Atmospheric Administration Locations: Monterey, Monterey Bay, Coast, North America, Oregon, Southern California, Mariana, Mt, Everest

Bitcoin is trading near record levels, and Kalshi users are betting that the cryptocurrency could rise above $100,000 before the end of 2024. Kalshi data on Tuesday showed that 60% of users are betting that bitcoin could hit the $100,000 mark before January. The digital currency has rallied more than 28% since the U.S. presidential election last Tuesday. The prediction markets were volatile ahead of the election, but they were generally more bullish on Trump than traditional polling. However, odds and gambling platforms do not use methodologies used by traditional political polling, and therefore are not substitutes for political polls.

Persons: Donald Trump, Bitcoin Organizations: Commodity Futures Trading Commission, Trump, Metrics

☆ Stock futures are little changed as investors look toward key inflation report: Live updates
▼ + stars: | 2024-11-12 | by ( Hakyung Kim | ) www.cnbc.com time to read: +2 min

Traders work on the New York Stock Exchange floor on November 12, 2024 in New York City. U.S. stock futures traded near the flatline Tuesday night as Wall Street awaited the latest consumer price index data for insights on the pace of inflation. S&P 500 futures and Nasdaq 100 futures also inched down around 0.1% each. Other notable economic data releases later this week include the producer price index data and retail sales numbers, which will be announced on Thursday and Friday, respectively. "This is a busy week with consumer prices, producer prices, and retail sales.

Persons: Dow, Tom Hainlin, Dow Jones, Scott Helfstein Organizations: New York Stock, Dow Jones, Nasdaq, U.S, Bank Wealth Management, Investors, Federal, Global, Fed Locations: New York City . U.S

☆ Live Nation CEO talks consumer demand, says live music is 'a very scarce commodity'
▼ + stars: | 2024-11-12 | by ( Julie Coleman | ) www.cnbc.com time to read: +1 min

Live Nation CEO Michael Rapino told CNBC's Jim Cramer on Tuesday that the nature of live music keeps it in demand, which helps the business stay strong — even though some consumer-oriented companies report a pullback due to inflation. Live Nation, which also owns Ticketmaster, has its hand in many aspects of the industry. Live Nation shares jumped more than 4% Tuesday after the company posted earnings and reported its most successful summer concert season to date. Rapino claimed that 2025 would likely be "a record year" with a lot of stadium performances, adding that Live Nation has already sold more than 20 million tickets. "The amount of music available to the consumer today has just propelled this idea that they want to see the live show."

Persons: Michael Rapino, CNBC's Jim Cramer, Ben Folds, Rapino Organizations: Disney, Ticketmaster, U.S . Department of Justice, Nation, Spotify

☆ Sen. Joe Manchin: I hope the new administration understands the depth of our indebtedness
▼ + stars: | 2024-11-12 | 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 EmailSen. Joe Manchin: I hope the new administration understands the depth of our indebtednessWest Virginia Senator Joe Manchin (I-W.Va.) joins 'Squawk Box' to discuss his retirement from Congress after 42 years in politics, President-elect Trump's election victory, bringing the country together, and more.

Persons: Email Sen, Joe Manchin, Trump's Organizations: Email Locations: West Virginia

☆ This Australian quit her job at 24 and started a business out of her parents' garage—now, it brings in over $100 million a year
▼ + stars: | 2024-11-12 | by ( Ernestine Siu | In Ernestinesiu | ) www.cnbc.com time to read: +9 min

Jane Lu with her parents. Courtesy of Jane Lu. Quitting her corporate job in secretAs Lu realized that she loved running a business, she also began feeling very unhappy in her corporate role. Revealing the secretOver the span of the first two years building Showpo, Lu kept it a secret that she had quit her corporate finance job. "I remember us having half a million dollars sitting in stock, and I was like: 'Okay, worst case scenario, I can sell all of this and start another business,'" Lu said.

Persons: Jane Lu, Lu, Lu didn't, couldn't, Young —, Fat, Jane, I've, I'm, Showpo's, Boye, Showpo, they've Organizations: Showpo, CNBC, KPMG, Ernst Locations: Australia, China, Sydney

☆ Trump says Musk and Ramaswamy will lead government efficiency group
▼ + stars: | 2024-11-12 | by ( Lora Kolodny | In Lorakolodny | ) www.cnbc.com time to read: +1 min

President-elect Donald Trump said Tuesday that Elon Musk and former Republican presidential hopeful Vivek Ramaswamy will lead an efficiency group when his second term begins in January. Trump wrote in a post that the Department of Government Efficiency, or DOGE, will "become, potentially, 'The Manhattan Project' of our time." Trump didn't specify where cuts will take place or when the department may be formed. Musk, who also runs defense contractor SpaceX, has reportedly been stationed at Trump's Mar-a-Lago resort in Florida since election night. Ramaswamy, who challenged Trump in the Republican primary, is co-founder of investment firm Strive Asset Management.

Persons: Donald Trump, Elon Musk, Vivek Ramaswamy, Trump, hasn't, Musk, Ramaswamy, Pete Hegseth, John Ratcliffe Organizations: Department of Government, Trump, Republican, SpaceX, Fox News Locations: Trump's, Lago, Florida

☆ Dwayne Johnson once fired his agents because they didn't agree he could be bigger than Will Smith and George Clooney. Now his movies have made more money than both.
▼ + stars: | 2024-11-12 | by ( Ayomikun Adekaiyero | ) www.businessinsider.com time to read: +3 min

Dwayne Johnson's goal was once to be a bigger star than George Clooney and Will Smith. GQ reported Johnson fired agents who didn't agree with his ambition. AdvertisementDwayne Johnson said he used to hope he would be a bigger star than George Clooney or Will Smith. From 2012 to 2020, Johnson appeared on Forbes' highest-paid actor list, and above Smith and Clooney in 2016, 2019, and 2020. "You reach a point in life where on the other side of running, it's the stuff you love," Johnson said.

Persons: Dwayne Johnson's, George Clooney, Will Smith, Johnson, —, Dwayne Johnson, Zach Baron, Clooney, Smith, Gabe Ginsberg, I'm Organizations: GQ, Service, IMDB Pro, Forbes Locations: Canada

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