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New York CNN —With its line-up of sweet snacks, Hershey isn’t known as a purveyor of diet foods. As the use of weight-loss drugs — notably Ozempic and Wegovy — grows, the 130-year-old confectionery company is adjusting to this new era by pushing further into the wellness category with protein powders and energy drinks in popular candy flavors. Hershey’s namesake milk chocolate and Reese’s peanut butter and chocolate will soon be sold as protein powders and its Jolly Rancher candies will be turned into bubbly energy drinks. Energy drinks, which are most often bought by millennial and Gen Z customers, have “a lot of affinity” with Hershey’s products, Cunningham told CNN. C4 has already had success with using flavors from Skittles, Starburst and Popsicle for its other energy drinks.
Persons: Hershey, , , , Doss Cunningham, Red Bull, Cunningham, ” Cunningham, Andrea Hernández, Hernández, Hershey’s Organizations: New, New York CNN, Hershey Company, C4 Energy, Red, Energy, CNN, Kroger, Walmart, Hershey, One Locations: New York, , United States, Amazon
Footage that Swierk recently captured of submerged anoles shows prominent bubbles swelling and deflating on the reptiles’ heads. Diving anoles aren’t fast runners and rely mostly on camouflage to hide from predators such as birds, snakes, mammals and other lizards. For diving anoles, gular pumping may also play a part in circulating stored oxygen, affecting how long anoles can stay underwater. A throat-pumping action called gular pumping may play a part in circulating stored oxygen, affecting how long anoles can stay underwater. Another unresolved question is how diving anoles store and circulate oxygen while underwater.
Persons: Lindsey Swierk, Swierk, , , ” Swierk, Earyn McGee, anoles, McGee, “ We’re, ” Mindy Weisberger Organizations: CNN, Binghamton University, Los Angeles Zoo, Las Cruces Biological, Scientific Locations: Costa Rican, New York, Costa Rica, Panama, Costa, Las Cruces
As expected, the Fed has been coy about cuts, leaving markets torn between pricing in a 25- or 50-basis-point reduction. "In cycles where rate cuts were able to prolong economic expansion and keep corporate earnings on an upward trend, stocks performed quite well," Belski wrote in a mid-September note. AdvertisementWhile rate cuts aren't a cure-all, Belski is confident that the economic expansion will continue, which will keep this bull market on firm footing. "But with significantly strong trailing one-year performance headed into this initial rate cut, future gains are likely to be more muted relative to historical norms." Sectors poised to outperform as the Fed finally cuts ratesAfter outlining how US stocks broadly have fared following cuts in the last four decades, BMO shared relative sector performance before and after periods of rate declines.
Persons: , that's, Ohsung Kwon, Brian Belski, Belski Organizations: Service, Federal Reserve, Business, " Bank of America, BMO Capital Markets, Fed, BMO Locations: bankable, Montreal
download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. I'd spent carefree years bouncing around Kyrgyzstan and Lebanon, Sri Lanka and Mexico, India and Armenia. Advertisement"Living death," that's how my philosopher-slash-guitarist father had nicknamed office work. Author's view from hotel overlooking the Bay of Algiers Ariel Sophia BardiA freelance job helped me feel free againI needed to start living again. I make no comparison between their incredible courage and my own infinitely milder risks, which soon included drifting back to freelance work.
Persons: , I'd, Trump, wasn't, Algiers Ariel Sophia Bardi, warbled, Rai, one's Organizations: Service, Business, Microsoft Locations: Algeria, Palms, Algiers, California, Kyrgyzstan, Lebanon, Sri Lanka, Mexico, India, Armenia, Oran
Read previewPeter Thiel, the right-wing tech billionaire who's known for his contrarian views, is making another unusual prediction: The 2024 election won't be close. But he also argued that the last two presidential elections may have been historical aberrations in terms of how close they were. You know, most presidential elections aren't," Theil said. He went on to claim that if the election is indeed close, Harris and Democrats will "cheat" via ballot harvesting and election rule changes. When pressed on how he would change US elections, Thiel said he'd prefer to see just one day of voting, "practically no" absentee ballots, and stronger voter ID laws.
Persons: , Peter Thiel, who's, Thiel, Donald Trump, Kamala Harris, Trump, it's, Theil, — JD Vance, Blake Masters, Vance, that's, I've, Harris, he'd Organizations: Service, Business, Trump voters, Trump Locations: Ohio, Arizona
CNN —Engineers at NASA have successfully fired up a set of thrusters Voyager 1 hasn’t used in decades to solve an issue that could keep the 47-year-old spacecraft from communicating with Earth from billions of miles away. Currently the farthest spacecraft from Earth, Voyager 1 is about 15 billion miles (24 billion kilometers) away. Earlier this year, engineers spotted an issue when the fuel tube inside one of Voyager’s thrusters became clogged. Engineers switched again to the trajectory correction thruster set in 2018 when the second set also appeared clogged. Once the spacecraft has exhausted this thruster set, Voyager 1’s remaining option is the other already clogged set of attitude propulsion thrusters.
Persons: Calla, , It’s, Todd Barber, Suzanne Dodd, ” Barber Organizations: CNN — Engineers, NASA, Jet Propulsion Laboratory, JPL, Caltech, Engineers Locations: Pasadena , California
Recent comments from Nvidia CEO Jensen Huang seemed to revive investment in the turbulent AI sector this week, while leading portfolio managers to recenter attention on the winning trades. Nvidia shares rallied more than 8% on the heels of Huang's remarks, which soothed some recent market jitters over the delayed payoff from AI investments. For the week, AI and semiconductor names such as Advanced Micro Devices, Marvell Technology, Super Micro Computer and Broadcom rallied double digits. NVDA 1M mountain Nvidia shares over the past month. Longer term, he views Apple as the leading AI device play and AI personal assistant, especially as more consumers adopt its Vision Pro headset.
Persons: Jensen Huang, We're, Huang, Goldman Sachs, Huang's, Jensen, John Belton, CFRA's Angelo, Apple, Zino isn't, Belton, Mark Malek Organizations: Nvidia, Technology, Devices, Marvell Technology, Micro Computer, Broadcom, Gabelli, Taiwan Semiconductor Manufacturing, Meta, Micron Technology, Apple Intelligence, Dell, Materials, KLA Corporation, Microsoft
The bulls on Wall Street have been largely right about the stock market over the past two years. Business Insider asked three bullish stock strategists what they consider the biggest risks. Yet, those economists have been largely wrong about what could sink the stock market and economy. "In May/June, when you had a lot of bears or those that had been late to jump on the bull parade all of a sudden switch their forecasts and kind of chase markets up, which is pretty, I mean pretty, pretty, pretty classic," Belski told Business Insider. The second risk is, similar to Belski's concern, a 1990's type melt-up in the stock market.
Persons: , Brian Belski, Belski, Yardeni Research's Eric Wallerstein Eric Wallerstein, Wallerstein, that's, Carson, Sonu Varghese Sonu Varghese, Varghese Organizations: Business, Service, BMO, Nvidia, Yardeni Research, Carson Group, Federal Locations: Russia, Ukraine, China, Taiwan
It's also common to draw parallels between the dot-com bubble and today's hype, leading investors to wonder if there's an AI bubble that's about to pop, too. Goldman Sachs' big AI headline of the month is "To buy, or not to buy, that is the question." The note from September 5, led by Peter Oppenheimer, suggests the answer is "to buy" but also to diversify. And the third is the application providers, which are the companies creating services for end users to harness AI. It comes from machine learning or big data workloads that various companies and governments use, Belton noted.
Persons: , Goldman Sachs, Peter Oppenheimer, John Belton, doesn't, Brian Colello, Nancy Tengler, that's, it's, Tengler, Wall, Larry Ellison, Colello, Belton Organizations: Service, Business, Gabelli Funds, Morningstar Equity Research, Investments, Nvidia, Companies, Microsoft, Intel, Oracle, IBM, Broadcom, AMD, Cadence Design Systems, Google, AWS, Eaton Corporation Locations: GenAI, Belton
The campaign said Harris plans to do more interviews with local media in battleground states and speak more with her traveling press corps in the coming days. Her campaign’s media strategy has largely been a continuation of Biden’s, which is to minimize interactions with the media. Some allies said that Harris should use the momentum from the debate to change her cadence of interviews. “I don’t think you can hide for 56 more days from media interviews,” said one Democratic strategist, requesting anonymity to speak candidly. The Harris campaign also held a call that day, but it was off the record.
Persons: Kamala Harris ’, Harris, Donald Trump, Joe Biden’s, Tim Walz, Rickey Smiley —, , , Chuck Rocha, Rocha, Trump, Robert F, Kennedy Jr, “ Harris, She’s, Democratic Sen, Claire McCaskill, McCaskill, there’s, Matt Gaetz, ” Trump, Jason Miller, , Biden, Ohio Republican Sen, J.D, Vance, Walz, aren’t, ” Bonnie Fioramanti, ” Fioramanti, Harris —, Rich Thau, it’s, Kamala Harris, ” Harris, ” Sen, Chris Murphy, Conn, Jason Crow, James Carville, Paul Maslin Organizations: National Association of Black Journalists, Democratic, CNN, Minnesota Gov, Univision, Media, Trump, Fox News, ” MSNBC, , ” Conservatives, New York Times, Board, White House News Photographers Association, NBC News, The New York Times, NBC, Ohio Republican, ABC News, MSNBC, Fox, , Veteran Democratic Locations: Philadelphia, Republic, Ohio, Arizona, Siena, America
But there's another lesser-known S&P 500 index that you might not have heard of: the SPW. In contrast, the conventional S&P 500 allocates more weight to the biggest companies based on market capitalization. Big Tech names carry very little debt on their balance sheets, meaning that they are less affected by elevated interest rates. Bank of AmericaIn contrast, the cap-weight S&P 500 is approaching overvalued territory. Examples of SPW index funds include the Invesco S&P 500 Equal Weight ETF (RSP) and Goldman Sachs Equal Weight U.S. Large Cap Equity ETF (GSEW).
Persons: , that's, Jack Ablin, LPL, Jeff Buchbinder, Savita Subramanian, Buchbinder, Ablin, haven't, Goldman Sachs Organizations: Service, Nvidia, Big Tech, Business, Bank of America, Cresset, Healthcare, financials, Bank of America's, Equity, RSP
Former President Donald Trump repeated a broad range of false claims, internet rumors and outlandish conspiracy theories during Tuesday night’s presidential debate, many of which might have seemed unintelligible without a deep understanding of obscure corners of far-right social media. Late in the debate right before the second break, Trump released a torrent of vague claims alleging corruption in the Biden administration. “At this debate, it was Trump who relayed a (false) online social media meme about migrants eating cats that showed his team in its own bubble,” he wrote. During Tuesday’s debate, one of Trump’s bizarre claims related to abortion. Midway through the debate, Trump spoke about election security and alleged that an unspecified “they” are trying to get illegal immigrants to vote.
Persons: Donald Trump, , it’s, Trump, Biden, Biden doesn’t, , “ He’s, Hunter Biden, didn’t, Kamala Harris, Erick Erickson, , Harris, Laura Loomer, Islamophobe, Logan Paul, Adin Ross, Josh Kraushaar, Joe Biden, Linsey Davis, Davis, Ralph Northam, Northam Organizations: U.S . Capitol, ABC, GOP, Conservative, Trump, Fox News Radio, Democratic, Associated Press, Reuters, Street, New Locations: Ohio, China, Ukraine, Moscow’s, Moscow, West Virginia, Virginia, New Republic
Related storiesThe media center, set in a cavernous convention center hall the size of a football field, could have been anywhere. Shapiro finishing an interview with CNN in the spin room. Rep. Robert Garcia in the spin room. And most of us understand that the spin room is a manifestation of the unholy mixture of news and entertainment that's often inescapable as a national reporter. If you care what Anthony Scaramucci has to say about anything, as the Harris campaign apparently thinks you might, then he's on hand.
Persons: Doug Burgum, Donald Trump's, Burgum, Kamala Harris, It's, Trump, Harris, Bryan Dozier, , Ronald Reagan's, Robert F, Kennedy Jr, Josh Shapiro, Shapiro, Chip Somodevilla, it's, We're, Robert Garcia, Joe Biden's, Garcia, Matt Slocum, surrogates, Matt Gaetz, Donald Trump, Vivek Ramaswamy, Lindsey Graham of, Anthony Scaramucci, Khizr Khan, Ramaswamy, Sean Hannity, Lindsey Graham, Tim Scott of, Kevin Dietsch Organizations: Service, Pennsylvania Convention Center, GOP, Variety, Pennsylvania Convention, Getty, National Constitution, CNN, Twitter, AP, Star, Democratic, Fox News, Trump Locations: California, Pennsylvania, Florida, Sen, Lindsey Graham of South Carolina, Sens, Tim Scott of South Carolina
Mid-cap stocks are poised for greater growth than small- and large-caps, Goldman Sachs says. They forecast a 13% return on mid-caps in the next year after rate cuts. AdvertisementThere's one area of the stock market that is likely set for outsized growth after rate cuts: the mid-cap shares. Mid-cap equities have historically seen stronger growth in the year after rate cuts compared to large- and small-caps, analysts from Goldman Sachs say. Goldman Sachs expects the Fed to cut interest rates by 25 basis points at its policy meeting next week, followed by 25 basis points in November and December.
Persons: Goldman Sachs, , Russell, Goldman Organizations: Service
Let me ask you something: Have you noticed that engagement bait questions are taking over your Threads feed? AdvertisementOn a side note, rage bait is having a moment right now. Related storiesThis kind of rage bait is effective and largely harmless. I played around with engagement bait because I'm a tech journalist who writes about social media platforms and am curious about how Threads works. For now, I promise no more rage bait.
Persons: I've, retweets, Ellen Oscar selfie, vapid, vloggers, I'm, It's, it's, they've, Beskostõi, baiters Organizations: Service, Elon Twitter, New, Facebook, Meta Locations: Cleveland, Upstate New York, New York City, Estonia, Instagram
Yet all the things I've seen and the feedback I've received from those back home following or watching have been exceptional. AdvertisementTo be three-hundredths of a second out of the silver-medal position was tough, but I had a really good race in the VL2 200-meter canoe event. The flesh-eating disease caused the bacteria to multiply, kill my tissue, and ultimately require my legs to be amputated. All I thought about was if I could get out of the hospital and lead a normal life moving forward. AdvertisementInstead, be more generic and say: Alright, what does my disability really mean?
Persons: , Blake Haxton, I'm, it'd, I've, you'll, necrotizing, I'd, medaling, it's, — I'm Organizations: Service, Paris, Business, Brandywine Global Investment Management, Paris Paralympics, Olympic, Olympics, USA Locations: Ohio, Scioto, Brandywine
Preparing for the endJoe and Audrey Martucci say they are grateful for the nine-month cruise experience, but at times they found the schedule tiring. A trip of a lifetimeGen Z traveler Little Rat Brain says Antarctica, pictured here, was her world cruise highlight. Little Rat Brain, passenger on board the nine-month cruiseThe TikTok-famous passengers are now considering how to pivot their online presences. “I don’t think anything’s ever going to have the virality of the nine-month cruise,” Fletcher says. “I’m not really sure if it will ever occur again,” agrees Little Rat Brain.
Persons: Royal, , Angie Linderman, Linderman, Ale Kenney, Shannon Marie Lake, Anthony McWilliams –, Joe, Audrey Martucci, Joe Martucci, Bobbi Waterman, Tam, Julian Mendoza, Daniele Salvatore Arbisi, , they’re, , Beth Anne Fletcher, ’ Fletcher wasn’t, you’re, ” Fletcher, Joe Martucci didn’t, TikTok, ” Oosthuizen, … ” LRB, itineraries, LRB, there’s, someone’s, Anthony McWilliams, Amike, Oosthuizen, Drake, ’ ”, McWilliams, y’all, Anthony Antoine McWilliams Fletcher, Fletcher, “ Beth Anne’s, Audrey, Shannon Lake, ” McWilliams, “ We’re, it’s, “ Truman, Brandee, aunties, It’s, , can’t, “ I’m, influencer Marc Sebastian, Sebastian, they’ve, ” LRB, ” Linderman, haven’t, There’s, Princess Cruises –, she’s, “ Everything’s Organizations: CNN, CNN Travel, Royal, NASA, Seas, New York City, MSC Cruises, Princess Cruises, Vie Locations: Royal Caribbean, Miami, Shannon, American, British, South Africa, Halifax, Canada, Southampton, , California, China, New York, LA, Antarctica, India, Portofino, Italy, Iguazu, , Caribbean, Belfast , Northern Ireland
New York CNN —Apple is wedging AI into its phones like a new U2 album no one asked for. However, given the “Apple Intelligence” highlights the company previewed in June and officially rolled out Monday, investors and customers alike may want to temper their expectations. Even Apple seemed to hedge a bit: It never mentioned the words “artificial intelligence.”The new tools look … fine. Munster expects iPhone sales will exceed Wall Street’s estimates in the coming quarters. The always image-conscious Apple knows better than to fall into the “AI” trap, even if its whole pitch for the new iPhone is AI.
Persons: CNN Business ’, you’ll, Siri, You’ll, , Gene Munster, Justin Sullivan, Tim Cook, ChatGPT, Apple Organizations: CNN Business, New York CNN, Apple, Deepwater Asset Management, Munster, Apple Intelligence, Wall, of Hospitality Marketing, Management Locations: New York, Valley, Silicon Valley
Nvidia stock has a lot more room to run, according to Dan Niles. The Niles Investment founder compared Nvidia to Cisco prior to the peak of the dot-com bubble. Nvidia shares could double in the next couple of years, he predicted. Nvidia shares, by comparison, have risen around 1,500% over the last six years. The chipmaker has hit a rough stretch in recent weeks, with shares dropping 27% from their peak earlier this summer.
Persons: Dan Niles, , who's, Niles, you've, I've, Blackwell Organizations: Niles Investment, Nvidia, Cisco, Service, Niles Investment Management, CNBC, Blackwell, Nasdaq
In 2013, I took my first step into the digital nomad lifestyle by becoming an online English teacher. The author, with a camel on Mount Sinai, has made friends while dating as a digital nomad. Related storiesWe met on Nomad Soulmates, a dating app for digital nomads under the most surreal of circumstances. Go with your gutI was just getting out of another failed relationship when I went on my first Tinder date. When you're dating on the road, the temptation to do so is strong, and connecting at a speed that would seem crazy in the "real world" is commonplace.
Persons: , I've, Buddha, Cait Charles, Nomad Soulmates, Moishe, bode Organizations: Service, Business, Central Locations: Thailand, Nepal, Mount Sinai, South Korea, Pennsylvania, Florida, Mexico, Central America
CNN —SpaceX’s Polaris Dawn mission kicked off early Tuesday, launching a four-person crew of civilian astronauts into orbit. The company confirmed that the SpaceX Crew Dragon spacecraft carrying the crew reached its peak altitude of 1,400.7 kilometers (870 miles) at 9:19 p.m. The Polaris Dawn mission also marks the farthest any human has journeyed since the final Apollo mission in 1972 — and the farthest into space a woman has ever traveled. The pre-breathe protocol the Polaris Dawn crew is undergoing is entirely unlike what is carried out on the International Space Station. In this screenshot from video, the Polaris Dawn crew sit in the Dragon capsule shortly after launching towards space on Tuesday.
Persons: CNN —, Jared Isaacman, Scott “ Kidd ” Poteet, Anna Menon, Sarah Gillis —, Menon, Poteet, Gillis, Isaacman, Rick Mastracchio, Dave Williams, Polaris Dawn crew’s, ” Gillis, , pressurization, Garrett Reisman Organizations: CNN, SpaceX, Polaris, SpaceX SpaceX, Shift4, US Air Force, NASA, Space Station, Space Locations:
Trump appears to have begun to slow Harris' rise, which began after President Joe Biden dropped out of the race. At the same time, Harris has abandoned many of her most progressive views that she took during her failed 2020 Democratic presidential primary run. "She's not really quite sure what she believes that's why she is pretty evasive to answering questions on policy, policy positions that she has supported in the past and supposedly what she does not support now," Wolking said. Tuesday's debate will mark the first time Harris and Trump will be in the same room together. With perhaps the exception of the Nixon-Kennedy debate, no other presidential debate will loom larger in history.
Persons: Kamala Harris, Donald Trump, Trump, Harris, Joe Biden, Hillary Clinton, pollsters, Trump's, Ben Warner, Warner, They've, Kamala, Matt Wolking, Tim Walz, CNN's Dana Bash, She's, Wolking, hasn't, Bash, Biden, Democratic pollster Evan Roth Smith, Roth Smith, Reid Hoffman, Roth, Doug Sosnik, he'll, Sosnik, Clinton, Nixon, Kennedy Organizations: Service, New York Times, Super Bowl, NFL, University of Missouri, Culinary Union, Democratic, Voters, Trump Locations: Siena, Pennsylvania, Washington, Minnesota, Nevada
Interest in India has been rising steadily among investors, thanks to its growing economy , strong stock market performance and burgeoning population . Amid some talk of an Indian stock market bubble , however, Pramod Gubbi, co-founder of Marcellus Investment Managers, revealed how he is playing the market. So, our job is to evaluate whether the management teams are hungry enough to identify changes that are happening and adapt to them," he told CNBC Pro last week. Women-led themes One theme that Gubbi is interested in is how India's growing numbers of working women are spending their money. Other stocks Other Indian companies Gubbi likes include Divi's Laboratories and HDFC Bank .
Persons: Pramod Gubbi, Marcellus, Gubbi, Maggi, Nescafe Organizations: Marcellus Investment, Management, CNBC Pro, Bombay Stock Exchange, Tata Group, Brands, Nestle, , Paints, Divi's Laboratories, HDFC Bank, Novartis, GSK, Merck Locations: India, U.S, China
I probably do not have to tell you that Nvidia has really blown up over the past few years. "If people were going to be going crazy about a stock, wouldn't it be this one?" Jack, a moderator of a subreddit dedicated to Nvidia's stock, finds some of the memes around Nvidia irksome. He said ChatGPT's capabilities reinforced his belief in his thesis around Nvidia and AI. I'm not a Nvidia true believer, but I'm apparently Nvidia curious.
Persons: Jensen Huang, Angelo Zino, Jim Cramer, Josh Brown, fanboys, Kamala Harris, I'm, Dan Ives, Huang, Daniel Williams, Williams, David, Goliath, Christopher Schwarz, that's, Axios, Felix Salmon, he's, Jack can't, It's, Berkshire Hathaway, Warren Buffett, Buffett, There's, Schwarz, Brown, Ted Mortonson, Baird, They've, cooly, they're, Mortonson, Ives, Elvis, Zack Morris, Taylor Swift, Chappell Roan, Emily Stewart Organizations: Nvidia, Wall Street, Woodstock, CFRA Research, CNBC, Ritholtz Wealth Management, Elon, NFL, Democratic, People, Wedbush Securities, Lebron, Davids, University of California, Paul Merage School of Business, Nvidia irksome, GameStop, GameStop —, Cisco, Department, Justice, ChatGPT, Business Locations: New York City, New York, Jack, Maine, Omaha , Nebraska,
Another Donald Trump presidency was an inevitability, Steve Eisman of "The Big Short" fame told Bloomberg TV, first in early May and again in mid-July. AdvertisementDespite his bullish call on Trump, Eisman — who said he voted for Biden in 2020 — wasn't openly rooting for either candidate. "For the overall market, I don't think it matters who's president," Eisman said. "If Harris wins and both houses of Congress go Democratic, I think the market would probably have a very large correction," Eisman said. "If Trump wins and both houses are Republican, the market is fine, but there'll be certain sectors that will not do well and certain sectors that will."
Persons: , Donald Trump, Steve Eisman, Eisman wasn't, Joe Biden, Biden, Kamala Harris, Eisman, It's, Trump, Eisman —, Harris, There's, they'll Organizations: Service, Bloomberg TV, Business, Trump, Republican, Democratic, House, Congress
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