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This was, perhaps, the closest thing the White Sox have had to a prideful moment all season. As The Athletic’s Jayson Stark noted, the White Sox have used 29 position players this season. After their most recent downturn — a 12-game skid — the White Sox besting the Mets for worst ever became a matter of when, not if. Getz insisted the White Sox are on the right trajectory and even said ownership will “potentially” invest more in the organizational infrastructure. Now members of this White Sox team will shoulder the burden of 121 losses and counting into an uncertain future.
Persons: Jerry Reinsdorf, Jerry, , Reinsdorf, , Craig Anderson, it’s, we’re, Jayson Stark, Chris Getz, Getz, Justin Casterline, Grady Sizemore, Sizemore, Pedro Grifol, I’ve, ” Sizemore, “ I’ve, Garrett, Jared Shuster, Korey Lee, Zach DeLoach, Luis Robert Jr, ” Robert, that’s, Gavin Sheets, ” Sheets, ” Andrew Benintendi Organizations: DETROIT, Chicago White Sox, Los Angeles Angels, MLB, Sox, Tigers, White Sox, New York Mets, Mets, , Angels, The Tigers, Chicago, Royals, Guardians, AL Central, American League Central Locations: Chicago
Google struck a $2.7 billion deal with Character.ai., largley to rehire AI expert Noam Shazeer, WSJ reported. It's an eye-popping example of how expensive and in demand top AI talent is as competition heats up. AI career experts told Business Insider it's a bit like pro sports — the superstars are worth it. AdvertisementThere are plenty of stories out there about just how ruthless the hiring wars for AI talent have gotten. Grennan predicted this pattern will continue as the AI talent window stays hot for the next three to four years.
Persons: Noam Shazeer, , Shazeer, he's, it's, Mustafa Suleyman, Karen Simonyan, Andree Mendoza, Mendoza, Sergey Brin, Zuckerberg, Meta, Altman, Conor Grennan, Grennan, Noam Shazeer isn't Organizations: Google, Service, Nvidia, Wall Street, Business, Microsoft, Carex Consulting, Big Tech, NYU's Stern School of Business, Wall, Apple
A bulldozer moves coal that will be burned to generate electricity at the American Electric Power coal-fired power plant in Winfield, West Virginia. The U.S. currently maintains the largest nuclear fleet in the world with 94 operational reactors totaling about 100 gigawatts of power. The U.S. needs to add 200 gigawatts of nuclear, Goff told CNBC in an interview. "A lot of the data centers are coming in and saying they do need firm, 24/7, baseload clean electricity," Goff said. But restarting reactors in the U.S. will only provide a small fraction of the nuclear power that is needed, he said.
Persons: Mike Goff, Goff, Goldman Sachs Organizations: American Electric Power, of Nuclear Energy, Department of Energy, U.S, CNBC, Bank of America, Constellation Energy, Microsoft Locations: Winfield , West Virginia, U.S, New York City
A Russian teen was given 15 years for donating to the Freedom of Russia Legion, local media reported. AdvertisementA Russian 19-year-old was sentenced to 15 years in prison for donating to a pro-Ukrainian paramilitary unit, independent outlet Mediazona reported. Russian daily Kommersant reported at the time that the teen had tried sending the funds via cryptocurrency. Yakovlev isn't the first Russian citizen to be sentenced to over 10 years in prison for donating to pro-Ukraine groups. AdvertisementIn August, 33-year-old amateur ballerina Ksenia Khavana was reported by Russian media to have been sentenced to 12 years in prison for donating $51 to a charity supporting Ukraine.
Persons: Danila Yakovlev, , Yakovlev, Ksenia Khavana, Vladimir Putin Organizations: of Russia Legion, Service, Kremlin, Kommersant, Russian, Eastern Locations: Siberia, Ukrainian, Biysk, Altai Krai, cryptocurrency, Russia's, Russian, Ukraine
But now, as the dangers of a widening deficit and mounting debt grow, former President Donald Trump and Vice President Kamala Harris are making little effort to address it. A budget deficit occurs when a country’s spending exceeds what it collects in revenue, primarily through taxes. The deficit is expected to widen under the status quo and could get even worse under proposals by both Harris and Trump, if enacted. During the Trump-Harris presidential debate earlier this month, the budget deficit was mentioned just twice, when Harris jabbed Trump for his proposals, which are expected to add considerably more to the deficit than hers. In the 2021 fiscal year, during which Trump left office, the country ran a $2.8 trillion deficit.
Persons: Donald Trump, Kamala Harris, Harris, Trump, Jerome Powell, “ It’s, ” Powell, Harris jabbed Trump, , Maya MacGuineas, , Barack Obama, we’ve, I’ve, Obama, Mitt Romney, ” Obama, Romney, Hillary Clinton, Powell, MacGuineas, There’s, Kent Smetters, aren’t Trump, Smetters, aren’t Organizations: New, New York CNN, White, Trump, Republican, Democratic, Congressional, CNN, University of Pennsylvania’s Wharton School, Penn Wharton Budget, , Republicans, Democrats, Locations: New York, China, Japan
Old-line hand tools manufacturer Stanley Black & Decker (SWK) , founded in 1843, is a fallen champion that's judged to be making a comeback. Its chart pattern qualifies as a "bearish-to-bullish" reversal buy. The chart pattern at present is judged to be a "bearish-to-bullish" reversal buy, with the completion of the bottoming-out process implying a move to the $130+/- level. -Carter Braxton Worth For actionable recommendations via email and live nightly videos become a member at worthcharting.com . BEFORE MAKING ANY FINANCIAL DECISIONS, YOU SHOULD STRONGLY CONSIDER SEEKING ADVICE FROM YOUR OWN FINANCIAL OR INVESTMENT ADVISOR.
Persons: Stanley Black, Decker, that's, SWK, Carter Braxton Worth Organizations: CNBC, NBC UNIVERSAL
Alex Spiro, a high-profile lawyer, is representing Mayor Eric Adams as he battles criminal charges. He's defended both Elon Musk and Alec Baldwin. The litigator is bringing his hard-charging tactics to the federal criminal case against New York City Mayor Eric Adams. The manslaughter case against Baldwin was shockingly dropped earlier this year after Spiro argued that prosecutors hid key evidence before trial. Read the full profile of Alex Spiro here.
Persons: Alex Spiro, Eric Adams, Spiro, He's, Elon Musk, Alec Baldwin, , Adams —, Adams, Jack Newsham, who's, Jay, Robert Kraft, Thabo Sefolosha, he's, cocounsels, Baldwin, Newsham, Alex, Randy Zelin, Zelin Organizations: Elon, Business, Service, New York City, New York Police Department, Prosecutors, Turkish Airlines, BI, Harvard Law, New England Patriots, NBA, Cornell Law School Locations: New
Federal agency finds Globe Life tolerated nonconsensual touch, unwelcome genital exposure, sexual quid-pro-quos at top agency. EEOC says agents at the Globe Life agency were employees, not contractors. Equal Employment Opportunity Commission has found that Globe Life tolerated a "pervasive pattern of harassing conduct" against women at one of its top-producing sales agencies. American Income Life is one of five wholly owned subsidiaries of Globe Life that sell life, accident, and supplemental health insurance. Globe Life disclosed that risk in its filing this morning with the SEC and said it would fight any such lawsuit vigorously.
Persons: EEOC, , Arias, Mark P, Carey, Renee Zinsky, Michael Russin, she'd, Zinsky, AIL, Sarah Reay, Matthew D, Trina Orlando, Anne Rose Dana, King, Jennifer Haworth, Simon Arias, partied, marshaling, Globe, Panda, Wilmer Hale, Matt Darden, Abeni Mayfield, Department of Justice —, Deborah A, Kane, Amy Williamson Organizations: Globe Life, Service, Commission, Business, BI, Globe, Arias Organization, Securities and Exchange Commission, Wexford, King & Spalding, Las, Department of Justice, Research, SEC Locations: Southport , Connecticut, Wexford, Pennsylvania, Morgantown , West Virginia, Las Vegas, Columbia , Maryland, Pittsburgh
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThere's a lot of momentum in this economy, says JPMorgan’s David KellyJPMorgan’s David Kelly, 3Fourteen’s Warren Pies and Neuberger’s Shannon Saccocia, join 'Closing Bell' to discuss consumer spending, market momentum and sentiment.
Persons: JPMorgan’s David Kelly JPMorgan’s David Kelly, 3Fourteen’s Warren, Neuberger’s Shannon Saccocia
Donald Trump threatened to prosecute Google "at the maximum levels" if he's elected president. AdvertisementFormer President Donald Trump is no stranger to lashing out at companies — and now he's taking aim at Google. Trump alleged that Google "illegally used a system of only revealing and displaying bad stories about Donald J. Trump" while surfacing good stories about Harris. In the report, the group said it conducted Google searches on September 6 for the terms "donald trump presidential race 2024" and "kamala harris presidential race 2024." In addition to threats against Google, Trump has levied warnings to other companies and CEOs who crossed him.
Persons: Donald Trump, Trump, Kamala Harris, , Donald J, Harris, donald, kamala harris, Walz, Axios, Mark Zuckerberg, John Deere Organizations: Google, Service, Republican, Democratic, Justice Department, Department, Trump, Business, Speech America, Media Research, BI Locations: United States, Mexico
CNN —Chappell Roan is taking some time away from the stage and spotlight after a summer of major exposure. I want to be present when I perform and give the best shows possible,” her statement continued. Earlier this summer, Roan also shared thoughts on her fandom after her meteoric rise, and certain people she felt have been invasive. She shared two videos on TikTok last month in which she criticized some fans who have followed her around, “stalked” her family and demanded photos or hugs in public despite Roan’s resistance. “I don’t care that abuse and harassment, stalking, whatever, is a normal thing to do to people who are famous or a little famous,” she said in one video.
Persons: CNN — Chappell Roan, , Roan, Kamala Harris, , Janelle Monáe, Renée Rapp Organizations: CNN, Guardian Locations: New York City, Washington, Columbia, Forest Hills , NY
A Commerzbank AG bank branch, in the financial district of Frankfurt, Germany, on Thursday, Sept. 12, 2024. Krisztian Bocsi | Bloomberg | Getty ImagesCommerzbank and UniCredit are set to begin talks Friday, with the German bank on the defensive over a potential takeover after its Italian counterpart unexpectedly increased its stake earlier this month. Speaking at a financial conference, Orlopp said the German bank was open minded, but that the speed of synergies and risks needed to be considered. The potential for a takeover or merger has been met with opposition from Germany's government and several senior figures at Commerzbank. Orlopp herself earlier this month told journalists that the process had taken Commerzbank by surprise, but urged a calm approach.
Persons: Krisztian Bocsi, Bettina Orlopp, Orlopp, Commerzbank, Manfred Knof, Germany's, Jens Weidmann, Stefan Wittmann Organizations: AG, Bloomberg, Getty, Reuters, CNBC Locations: Frankfurt, Germany, Commerzbank
An aide to the Hungarian PM was criticized after suggesting Hungary wouldn't have resisted a Russian invasion. He referred back to a 1956 uprising in Budapest, which the Soviet Union brutally repressed. He said it was "irresponsible" to resist, citing the number of dead in the Ukraine war. He said this was because Hungary had tried and failed to resist the Soviet Union in 1956. Viktor Orbán is Russian President Vladimir Putin's closest ally in the European Union, a position that has put him strongly out of favor in the bloc.
Persons: Hungary wouldn't, , Viktor Orbán, Balázs Orbán, Zelenskyy, Hungary —, Vladimir Putin's, Donald Trump, Putin, Trump Organizations: PM, Soviet Union, Service, Politico, European Union, Fidesz Locations: Hungary, Russian, Budapest, Ukraine, Hungarian, Soviet Union, Russia
CNN —North Carolina Lt. Gov. Mark Robinson has “been hospitalized following an incident at a campaign event” in Mount Airy on Friday, according to a source close to his campaign. Robinson is the Republican nominee for governor in the state. He’d made several campaign stops around the state Friday, according to a previously provided schedule and social media posts. The final stop on his schedule Friday was the Mayberry Truck Show and Parade in Mount Airy.
Persons: Mark Robinson, , NewsNation, Robinson, He’d Organizations: CNN, Gov, Republican Locations: Carolina, Mount Airy
Eric Adams is appearing in court for the first time in his criminal case Friday. AdvertisementNew York City Mayor Eric Adams arrived in Manhattan federal court Friday morning, where he is expected to enter a plea in his sprawling criminal bribery case. Adams is being represented in his criminal case by Alex Spiro, Elon Musk's go-to lawyer. Spiro recently won an acquittal for Alec Baldwin in a criminal case over the "Rust" movie set shooting. AdvertisementHo took the bench in a year ago, and the indictment against Adams would be his first high-profile case as a judge.
Persons: Eric Adams, He's, Adams, , Katherine Parker, Sean, Diddy, Combs, Alex Spiro, Elon Musk's, Spiro, Alec Baldwin, Dale Ho, Joe Biden, Ho Organizations: Prosecutors, Service, York City, of, Turkish, United, US, American Civil Liberties Union Locations: Turkey, York, Manhattan, Southern, of New York, United Nations
“I think my parents’ careers in the STEM fields made it so that I always believed that I could also do something in STEM,” Toussaint said. While she had a love for math, the dance studio was her “home away from home,” she said. In 2012, she created STEM From Dance, a nonprofit program that integrates dance with STEM education to make these subjects more engaging and accessible. “When I first started the dance part, I really liked it,” recalled Myrtha Plaisime, 14, a STEM From Dance participant. CNN“That feeling that they get, we want them to remember that and … remember that they are celebrated for doing things in STEM,” Toussaint said.
Persons: New York CNN — Yamilée Toussaint, , ” Toussaint, , CNN Hero Yamilée Toussaint —, CNN Hero Yamilée Toussaint — CNN “ It’s, Toussaint, Plaisime, Myrtha Plaisime, , ’ ” Toussaint Organizations: New, New York CNN, CNN, CNN Hero Yamilée Toussaint — CNN, MIT Locations: New York, Brooklyn
Moo Deng crypto. Given the sudden popularity of Moo Deng, the Thai national treasure whose name roughly translates as “bouncy pork,” it was only a matter of time before someone turned her into a digital asset. And given the nature of such memecoins, which have zero underlying value and trade purely on vibes, it’s no surprise Moo Deng Coin has shot up 1,400% since it was created less than three weeks ago. (It should be noted that crypto traders suspect this anonymous Moo Deng booster is an “insider,” since they bought the coin four hours after its creation, per the crypto news site Decrypt. Moo Deng coin is just the latest product of a niche online culture that also birthed Dogecoin (created as a joke to dunk on bitcoin) and Shiba Inu coin (a joke to dunk on Dogecoin).
Persons: Moo Deng, it’s, Deng, Shiba Inu Organizations: New, New York CNN Locations: New York, Thai
The OPEC+ alliance is once more cracking down on group compliance with oil output cuts, as it presses ahead with a three-pronged plan of formal and voluntary production trims. Eight OPEC+ members, including kingpin Saudi Arabia, were due to begin returning 2.2 million barrels per day of voluntary cuts to the market starting in October. Earlier this month, they postponed this phaseout to start in December instead. OPEC+ nations are operating two other production declines: under official policy, they will produce a combined 39.725 million bpd next year. The same aforementioned eight members are separately curbing their output by another 1.7 million bpd throughout 2025, also on a voluntary basis.
Persons: Undercompliance Organizations: CNBC Locations: OPEC, Iraq, Kazakhstan, Russia, Saudi Arabia, China
Since 2019, the company has had what Sam Altman called an "unusual" hybrid structure. AdvertisementAfter operating under what Sam Altman called an "unusual" structure for more than four years, OpenAI is reportedly preparing to become a for-profit business. OpenAI could be structured as a public-benefit corporation, Bloomberg reported, an entity that balances profit with mission. An OpenAI spokesperson told the outlet the nonprofit entity "will continue to exist" and was core to its mission. OpenAI was established as a nonprofit in 2015, but in 2019, it created a "capped profit" subsidiary, OpenAI LP.
Persons: OpenAI, Sam Altman, Altman, , Mira Murati, Anthropic, it's, Anat Alon, Beck, Alon, Eric Chaffee, Chaffee, OpenAI didn't Organizations: Service, Reuters, Bloomberg, CNBC, Elon, Microsoft, Case Western Reserve University's School of Law, Case Western Reserve University Locations: OpenAI, Delaware
Sharon Binkey is a part-time nanny with a degree in early childhood education. Binkey, 58, says she'd love to babysit her six grandkids but is estranged from her daughters. AdvertisementThis as-told-to essay is based on a conversation with Sharon Binkey, 58, a part-time nanny and book author from Pittsburgh. AdvertisementI have a real rapport with children and became a nanny about a decade and a half ago. I'm a nanny for a couple I met in churchChildren are — and have always been — my world.
Persons: Sharon Binkey, , Gary, hadn't, they'd, I'd, they're, hasn't Organizations: Service, Business Locations: Pittsburgh, Boston
Candidates in the upcoming leadership race for the ruling Liberal Democratic Party (LDP) join hands after giving speeches for the Liberal Democratic Party presidential election in Osaka, Japan on September 18, 2024. Japan's ruling party will elect the successor to outgoing Prime Minister Fumio Kishida on Friday in a race likely to decide the next leader of the nation. Kishida had thrown the Liberal Democratic Party for a loop when he announced in August that he would not be running for its top office, effectively ending his three-year term. The party has a majority in both chambers of the legislature, effectively ensuring its chief becomes the next prime minister. Polls suggest that the favorites in the election include ex-environment minister Shinjiro Koizumi, economic security minister Sanae Takaichi and former defense minister Shigeru Ishiba.
Persons: Japan's, Fumio Kishida, Kishida, Shinjiro Koizumi, Sanae Takaichi, Shigeru Ishiba Organizations: Liberal Democratic Party, Liberal Democratic Locations: Osaka, Japan
Extreme temperatures are driving travelers to seek cooler destinations. From January to June 2024, flight searches increased 705% to Lapland, Finland, according to Expedia. The online travel agency said flight searches are also up to Canada, specifically Banff (65%) and Lake Louise (55%), its data showed. "We live in the San Fernando Valley in Los Angeles where we experience extreme heat for most of the summer, reaching highs well above 100," she said. "We want to be comfortable when we are traveling to experience all a city has to offer and take a break from the extreme heat at home."
Persons: Lake Louise, Vrbo, Stephanie Greitzer Organizations: U.S . Environmental Protection Agency, Expedia, CNBC Travel Locations: Lapland, Finland, Canada, Banff, Lake, Breckenridge , Colorado, White, , New Hampshire, Pocono, , Pennsylvania, Whistler, San Fernando, Los Angeles
Why analysts are calling Cava the next Chipotle
  + stars: | 2024-09-27 | by ( Natalie Rice | ) www.cnbc.com   time to read: +2 min
Fast-casual Mediterranean chain Cava has had an impressive year since going public in June 2023. Now, Wall Street analysts see shades of another fast-casual success story: Chipotle Mexican Grill . In its most recent results for the second quarter of 2024, Cava bucked industry trends by posting same-store sales growth of 14.4% and traffic growth of 9.5%. Cava Group co-founder and CEO Brett Schulman has said its prices increased 15% between 2019 and 2024. "You hear a lot about the value wars lately.
Persons: Nick Setyan, Brett Schulman, Schulman, That's, Cava, Chipotle Organizations: Wall Street, Wedbush Securities, Cava Group Locations: Cava, Chipotle
This signal comes as the S & P 500 trades at all-time highs, boosted by a shift in Federal Reserve policy. The Fed earlier this month cut interest rates by a half percentage point, the first easing of policy in more than four years. Wall Street sees further reductions ahead, too. The Cboe Volatilty Index spiked north of 23 earlier this month, as worries over the U.S. economy weighed on sentiment. Elsewhere on Wall Street this morning , Morgan Stanley upgraded Wynn Resorts to overweight from equal weight.
Persons: Wolfe, Janney Montgomery Scott, Dan Wantrobski, Wantrobski, Morgan Stanley, WYNN's Organizations: Federal, Wynn Resorts Locations: U.S
Trump's plan for a 10% tariff on all imports has been panned by Democrats and Republicans alike. Vice President Kamala Harris has even called it the "Trump Sales Tax." Vice President Kamala Harris has characterized the plan as the "Trump Sales Tax." Despite that, a rebellious House Democrat just introduced a bill that would write those tariffs into law. A self-described "progressive conservative," the Maine Democrat frequently votes for Republican-led resolutions and bills in Congress.
Persons: Kamala Harris, Jared Golden of, , Donald Trump's, Mitch McConnell, Jared Golden, Golden, It's, Trump, Biden —, he's, Austin Theriault Organizations: Republicans, Democratic, Service, Trump, Democrat, Labor, Trade, United States of, Maine Democrat, Republican, GOP Locations: Jared Golden of Maine, United States, Maine, United States of America
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