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(AP) — The federal government is handing out $2.4 billion in railroad grants to help pay for 122 projects nationwide with more than half of the money going to smaller railroads. The grants announced Tuesday by the Federal Railroad Administration will go to projects across 41 states and Washington, D.C. Last year, the administration handed out $1.4 billion in these rail grants. But the majority of the money — nearly $1.3 billion — will go to 81 projects at smaller short line railroads across the country. Chuck Baker, president of the American Short Line and Regional Railroad Association trade group, said the grants will help those smaller railroads significantly.
Persons: Joe Biden, Pete Buttigieg, Louis, Chuck Baker, Baker Organizations: Federal Railroad Administration, Regulators, CSX, Amtrak, Union Pacific, Regional Railroad Association, FRA, Associated Press Locations: OMAHA, Neb, Washington, Norfolk Southern, East Palestine , Ohio, Hudson, Albany, Rensselaer , New York, Illinois, Norfolk, Springfield, Chicago, St, California’s Orange County, Michigan, Milwaukee, America, U.S
Microsoft leads Google in cloud market share, while Amazon Web Services is at the top. AdvertisementMicrosoft publicly accused Google of running "shadow campaigns" to undermine its business and influence cloud regulation in Europe, in an escalation of the tech giants' rivalry. A Google spokesperson told Business Insider the company had been "very public" about concerns with Microsoft's cloud licensing. In the second quarter, Google Cloud generated $10.35 billion in revenue, while Microsoft's Azure, included as part of the company's Intelligent Cloud group, reported $28.5 billion in revenue. AdvertisementIn 2023, Google Cloud generated $33.7 billion in sales, while Microsoft's Intelligent Cloud group reported $96.8 billion in sales.
Persons: , Rima Alaily, Alaily, Nicky Stewart, Stewart Organizations: Microsoft, Google, Amazon, Service, Cloud Coalition, Open Cloud Coalition, European Commission, Big Tech, Amazon Web Services, Department of Justice, Games Locations: Europe
Two shootings at separate homeless encampments in Minneapolis that killed three people and wounded three others over the weekend are possibly connected, police said. “This is the second triple shooting at two separate homeless encampments in two days,” police said. Police on Monday afternoon said there have been no arrests in the encampment shootings. Minneapolis Mayor Jacob Frey told the media that, while violent crime is going down in areas of the city, violence in and near homeless encampments has escalated. "MPD continues to address crime related issues associated with homeless encampments and the city continues to offer resources.," O'Hara said.
Persons: Jacob Frey, ” Frey, Deven Leonard Caston, Caston, Brian O’Hara, , O'Hara Organizations: Minneapolis Police Department, MPD, Police, Minneapolis, Centers for Disease Control, Hennepin County Medical, Minneapolis Police Locations: Minneapolis, Hiawatha, Snelling, Hennepin County
Colin Farrell pushed his friend Emma Fogarty, who lives with a rare skin condition, the final 4 kilometers (2.5 miles) of the Irish Life Dublin Marathon in her wheelchair on Sunday. Photos from the race show the “Penguin” actor beaming while pushing a cheering Fogarty with her arms in the air. She and Farrell originally hoped to raise €400,000 ($430,000) for DEBRA, but now aim to reach a million euros. Farrell and Fogarty appeared on Ireland’s “The Late Late Show” earlier this month, where the Oscar-nominated actor said he was pushing Fogarty 1 kilometer for every decade of her life, or 4 kilometers in total. Farrell completed the entire course in just over 4 hours, according to Sky News.
Persons: Colin Farrell, Emma Fogarty, , Fogarty, Farrell, DEBRA, Oscar, Organizations: Irish Life Dublin Marathon, Sky News, don’t, Fogarty Locations: Irish
One person was detained Sunday after three people died in a house fire in Temple City. Firefighters with the Los Angeles County Fire Department were sent to the home in the 6000 block of Sultana Avenue at around 4:50 p.m. and were able to knock down the fire in 30 minutes. But due to a “heavy heat” from the flames, three people died, the department said. “Unfortunately they arrived to heavy smoke and fire showing from the front of the building,” Fred Fielding with the LA County Fire Department said. “I saw the whole house inside was full on fire -- fire coming out of the windows,” said Jane Guzman De Leon, who called 911.
Persons: ” Fred Fielding, , it’s, , Jane Guzman De Leon, Guzman De Leon Organizations: Firefighters, Los, Los Angeles County Fire Department, LA County Fire Department, Los Angeles County Sheriff’s Department Locations: Temple City, Los Angeles
Police said a woman who was found in a remote Australian mountain range after going missing for almost two weeks was "dazed and unwell" but alive after suffering a snake bite in remote wilderness. She was last seen driving a hire car in the national park on Oct. 15. "We held grave concerns for the missing woman and [are] very glad she’s been found safe and reasonably well." The Snowy Mountains in Kosciuszko National Park in Jindabyne, Australia. Police said Sjoberg was was treated by paramedics at the scene for exposure and "what is believed to be a snake bite," before being taken to Cooma District Hospital in a stable condition.
Persons: Kiki, Sjoberg, Toby Lindsay, Martin Ollman, Lindsay Organizations: New South Wales Police, Monaro Police, Australian Broadcasting Corporation, Police, Australian Museum Locations: New, Kosciuszko, Jindabyne, Australia, Cooma, Sydney
CNN —Colin Farrell took time out from his acting schedule on Sunday to complete the Dublin Marathon – while pushing an old friend in a wheelchair. The 48-year-old star ran the final 4 kilometers (2.5 miles) of the 26-mile race while pushing his friend Emma Fogarty, who lives with a rare skin condition, across the finishing line. I’ll never forget it.”Also speaking to PA, Fogarty said: “This was a dream come true for me and I want to thank Colin, who has been the most supportive, generous and loyal friend I could wish for. “He has always shown his compassion and empathy for people living with EB and is a true champion in my eyes. Earlier this year, Farrell launched the Colin Farrell Foundation to provide support for families who have adult children living with intellectual disabilities.
Persons: Colin Farrell, Emma Fogarty, Farrell, Fogarty, , Oscar, , bullosa, Dan Clohessy, Shutterstock Farrell, Emma, I’ll, Colin, DEBRA, James Organizations: CNN, Dublin Marathon, PA Media, HBO, Warner Bros ., EB, Colin Farrell Foundation Locations: Ireland
Earnings season is in full swing, and some names reporting this week are positioned for major moves. So far, 37% of those in the broad market index have reported this quarter, resulting in what has been a mixed reporting period. According to LSEG, earnings have come in 6.1% above expectations, while revenue is 1.5% higher, as of Monday. Last week, the stock advanced more than 1% on Wednesday due to JMP Securities upgrading it to market outperform from market perform. The financial services provider has jumped around 52% over the past three months and more than 41% over the past month.
Persons: Andrew Boone, Greenlight Capital's David Einhorn, Einhorn, Kamala Harris, Donald Trump Organizations: Dow Jones, Apple, CNBC Pro, Securities, Robin Hood Investors Conference, U.S, Technologies
The S & P 500 typically advances about 7% from November to April, compared to the index's average 2% rise from May to October, according to CFRA Research chief investment strategist Sam Stovall. This year's market strength follows a standout 20% gain for the S & P 500 in 2023's "best six months" period, he noted. "This double-dose of double-digit returns has caused investors to wonder if the market has used up its energy reserves and may be headed for tough times," Stovall wrote. .SPX YTD mountain The S & P 500 has advanced more than 22% in 2024. Stocks were bhigher on both Friday and Monday , with the S & P 500 trading within a hair's breath of this month's all-time high of 5864.67.
Persons: Sam Stovall, Russell, Stocks, Stovall Organizations: Stock Traders, Research, Investors Locations: U.S
AutoStore , founded in 1996 and listed since 2021 in Norway, provides robots and technology to automate traditional warehouses. The company has grown to control approximately 80% to 90% of the market, according to German investment bank Berenberg. The investment bank initiated coverage with a price target of 15 Norwegian kroner ($1.37), pointing to roughly 50% upside from the current share price level. Analysts at Norway-based Arctic Securities have the most bullish outlook with an 18 Norwegian krone price target, indicating a 78% upside. Instead, they cited media reports that Amazon will likely rely on AutoStore's technology in its grocery rollout in the United States.
Persons: Lasse Stueben, Stueben, Martin Wilkie, Berenberg Organizations: Citi, THG plc, Securities, Big Tech Locations: AutoStore, Norwegian, Norway, Germany, Europe, British, United States
"Core" trading hours for both the NYSE floor and NYSE Arca are 9:30 a.m. to 4:00 p.m. Nasdaq , which has current trading hours similar to the NYSE, declined to comment on the NYSE announcement and declined to say whether it would match the NYSE's proposal to expand trading hours. Is there demand for after hours trading? "In addition, there are retail traders in the U.S. who want to trade at night. Many retail traders work during the day, they come home and want to trade beyond the 8 p.m. cutoff for trading."
Persons: Michael M, NYSA, Kevin Tyrrell, Tyrrell, Jim, Dmitri Galinov, Galinov, Spencer Platt, Dennis Kelleher, Kelleher, Benjamin L, Schiffrin, Jay Woods, Woods Organizations: ICE, New York Stock Exchange, Santiago, Getty, York Stock Exchange, Intercontinental Exchange, Big, NYSA Arca, NYSE, NYSE Arca, Nasdaq, CNBC, Security Traders Association, Exchange, SEC, Traders, Blue Ocean Technologies, Better, 24X, Freedom Capital Locations: New York City, U.S, South Korea, Japan, Europe
“Four more wins!”After a 4-2 victory on Monday over the New York Yankees in Game 3 of the World Series, the Dodgers are on the doorstep of a championship, one far different than the title marred by COVID-19 restrictions in 2020. The first World Series game at Yankee Stadium since 2009 ended as the last two did in Chavez Ravine, with the Dodgers exultant and the Yankees lamenting missed chances. No team in World Series history has overcome a 3-0 deficit. “Hopefully we can go be this amazing story and shock the world,” Yankees manager Aaron Boone said. “If he is able to play, willing to play, he’s going to play,” Roberts said on Sunday afternoon.
Persons: Dave Roberts, hoarse, ” Roberts, Freddie Freeman, “ We’ve, , Freeman, Walker Buehler, Clark Schmidt, Freeman’s, Luis Gil, Aaron Judge, Aaron Boone, we’ve, Ohtani, “ Schmidt, Freeman pounced, Judge, , Tommy Edman, Mookie Betts, Juan Soto, Edman, deke, Buehler, Giancarlo Stanton, Stanton lumbered, Betts, Jazz Chisholm, Anthony Volpe, Teoscar Hernández, Stanton, Hernández, Will Smith, ” Buehler, Boone, benching, Austin Wells, “ Righties, ” Boone, Tommy John, Roberts, “ There’s, Luke Hales Organizations: Dodger, National League, Los Angeles Dodgers, New York Yankees, Dodgers, Yankee, Yankees, ” Dodgers, Los Angeles bullpen, Buehler, ” Yankees, Boston Red Sox Locations: Los Angeles, Chavez, Bronx
For now, analysts and investors are looking to Amazon's third-quarter earnings report Thursday night for more clarity. Amazon hopes that Kuiper could bring broadband connectivity to some 400 million to 500 million households that currently lack it. Bank of America, on the other hand, estimates around $3.5 billion in Kuiper spending next year. The Kuiper spending estimates might seem steep, but the analysts aren't telling investors to dump shares. The "ultra-compact" version of the Project Kuiper Amazon
Persons: Jeff Marks, Andy Jassy, Kuiper's, Marks, Kuiper, Evercore, BofA, Morgan Stanley, Morgan Stanley's, Starlink, Elon Musk's, EBITDA, Jim Cramer's, Jim Cramer, Jim Organizations: Amazon, Web Services, AWS, Wedbush Securities, Federal Communications Commission, FCC, Bank of America, FactSet, SpaceX, Viasat, CNBC Locations: Amazon's
Brendan McDermid | ReutersThis report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. What you need to know todayThe bottom lineThe Nasdaq Composite managed to log a seventh consecutive winning week. Investors also looked ahead to Big Tech earnings coming out this week: shares of Meta , Amazon and Microsoft added as much as 1%. Even though almost three-quarters of S&P companies have beaten expectations, according to FactSet data, the rate of profit growth has not met expectations, disappointing investors.
Persons: Brendan McDermid, CNBC's Pia Singh, James Quincey, — CNBC's Brian Evans, Pia Singh, Alex Harring Organizations: New York Stock Exchange, Reuters, CNBC, Nasdaq, Dow Jones, Investors, Big Tech, Meta, Microsoft, Dow
In regular trading on Monday, crypto exchange platform Coinbase gained 5% and bitcoin proxy MicroStrategy jumped nearly 9%. The price of bitcoin was last higher by about 3% at $69,925.00, according to Coin Metrics. Bitcoin briefly climbed above $70,000 as investors braced themselves for MicroStrategy earnings and counted the days to the U.S. presidential election. The outcome is widely viewed as a key catalyst for the price of bitcoin, but investors have watching and waiting as the election approaches. Last week, bitcoin surged toward $70,000, but it ultimately fell short of the threshold.
Persons: Stocks, MicroStrategy, bitcoin, Bitcoin, Donald Trump, Kamala Harris Organizations: Metrics, U.S, Republican, Democratic
Traders work on the floor of the New York Stock Exchange during morning trading in New York City. Stock futures are muted Monday night as investors readied for employment data and closely followed corporate earnings releases. S&P 500 futures and Nasdaq 100 futures were also both little changed. Those moves come after a winning session on Wall Street for the three major indexes. Traders will keep an eye on earnings reports from major companies due on Tuesday as the busiest week of this earnings season continues.
Persons: Dow, Adam Crisafulli, McDonald's Organizations: New York Stock Exchange, Stock, Dow Jones Industrial, Nasdaq, Ford Motor, Corp, Traders, Pfizer Locations: New York City, Israel, Iran
Robinhood — The fintech stock rose less than 3% after it said Monday that users will have the chance to trade a Kamala Harris or Donald Trump contract ahead of next week's presidential election. ON Semiconductor — The semiconductor product maker rose 5% after third-quarter earnings and revenue topped analyst estimates. Nutanix — The cloud infrastructure stock rose 4% following an upgrade to overweight from equal weight at Morgan Stanley. Moderna — Shares jumped after Moderna and Merck said they initiated a phase 3 trial investigating a treatment for non-small cell lung cancer. Moderna shares advanced 3.9%, while Merck was slightly higher.
Persons: Wells, Steven Cahall, Kamala Harris, Donald Trump, Israel, FactSet, Eugene Hsiao, Wolfe, Roy Jakobs, Nutanix, Morgan Stanley, Meta Marshall, Merck, Timothy Wojs, Aaon, — CNBC's Sean Conlon, Michelle Fox, Alex Harring, Sarah Min, Pia Singh Organizations: Spotify, U.S . Occidental Petroleum, Exxon, BP —, Citi, McDonald's, Taiwan Semiconductor Manufacturing, Huawei, Reuters, The U.S, Delta Air Lines, CrowdStrike, Honeywell —, Philips —, , Moderna, Merck, Baird Locations: China, Atlanta
Bryn Lennon - Formula 1 | Formula 1 | Getty ImagesDoing this with a digital twin allows teams to develop strategies for different circuits. With 24 races on the schedule and only a handful of days in between, forecasting track performance is critical to ensuring engineers are ready to make any necessary changes. While teams are allowed up to 60 operational staff at the track on race days, each is communicating with analysts back at headquarters. "Everyone there will be looking at their computer and providing feedback to the racetrack engineers with recommendations that can be actioned onto the race car." With the cost-cap limiting budgets to $135 million per year, automating repetitive tasks is crucial to ensuring teams are using their resources efficiently.
Persons: Williams, James Vowles, CNBC's, Dan Keyworth, Red Bull, Max Verstappen, Lewis Hamilton of, Bryn Lennon, Britain's, Ben Waterhouse, Red, there's, Alessio Morgese Organizations: McLaren, CNBC, Mercedes, Oracle Red Bull Racing, of Great Britain, Silverstone Circuit, Engineers, Miami, Getty, Nurphoto Locations: Lewis Hamilton of Great Britain, Netherlands, parc ferme, Northampton, England, Monaco, Miami, USA
Learn moreThe World Series continues tonight with Game 3 of the Dodgers vs. Yankees match-up. We've compiled everything you need to know about how to watch the World Series, including cable and streaming options. Sling TV Subscription For just the essentials without any extra fluff, Sling TV is the streaming service you're looking for. You can keep up with the World Series via your usual subscriptions with the help of a VPN. Check price at ExpressVPNHow to watch the World Series with a VPNSign up for a VPN if you don't have one.
Persons: we've, You'll, Fubo, ExpressVPN Organizations: Business, Dodgers, Yankees, New York Yankees, Los Angeles Dodgers, FOX, DirecTV, DirecTV Stream Locations: New York
Morgan Stanley initiates FrontView REIT as overweight Morgan Stanley said the commercial real estate investment trust company is well positioned. " Morgan Stanley downgrades Global Foundries to equal weight from overweight Morgan Stanley said it sees rising competition for the semis company. " Morgan Stanley upgrades Nutanix to overweight from equal weight Morgan Stanley said the cloud computing software company is well positioned. " Morgan Stanley downgrades Ciena to equal weight from overweight Morgan Stanley said it sees a more balanced risk/reward for the networking and systems software company. Wedbush adds Roblox to the best ideas list The firm said it sees robust revenue growth ahead.
Persons: Cantor Fitzgerald, Morgan Stanley, FrontView, Baird, AAON, Canaccord, Tesla, Jefferies, NTNX, Wells, Raymond James downgrades, Wolfe, DOV, Morgan Stanley downgrades Ciena, Piper Sandler, Bowlero, Piper, Goldman Sachs, Goldman, it's bullish, Marcellus, Bernstein, SARO, Stifel downgrades, Oppenheimer, Monness Crespi Hardt, Coinbase, Stifel, it's Organizations: Nvidia, Broadcom, MU, JPMorgan, Apple, Dell, Cisco, Spotify, Honeywell, Walmart, " Bank of America, Antero Resources, Bank of America, Macquarie, China EV, Stifel downgrades Colgate, Palmolive, Colgate, Commerce, ~$ Locations: AVGO, 1H25, Dover, Appalachia, Utica, West Virginia
CNN —Five people, including three children, have been injured in a stabbing attack in Beijing, Chinese police reported Monday. The incident occurred at around 3.20 p.m. local time (3.20 a.m. Police said the incident occurred at the intersection of Wanquanzhuang Road and Wanliu Middle Road. The country of 1.4 billion has generally low violent crime rates, but has been rocked by a number of high-profile stabbing cases in recent decades. Several have targeted schools, including a 2020 knife attack at an elementary school, as well as attacks at or near kindergartens in 2022 and 2023.
Persons: Tang Organizations: CNN, Police, School Locations: Beijing, Haidian, China’s
Microsoft took the unusual step on Monday of publicly criticizing longtime rival Google for running "shadow campaigns" in Europe designed to discredit the software giant with regulators. "This week an astroturf group organized by Google is launching," Microsoft lawyer Rima Alaily wrote. "We've been very public about our concerns with Microsoft's cloud licensing, a Google cloud spokesperson said in an email. Google funded the Coalition for Fair Software Licensing that last year asked the U.S. Federal Trade Commission to investigate Microsoft, Alaily wrote. WATCH: Google Cloud exec says Microsoft is in violation of EU antitrust laws
Persons: Rima Alaily, Alaily, Microsoft's, didn't Organizations: Microsoft, Google, Justice Department, Group, Open Cloud Coalition, DGA, European Commission, Amazon Web Services, Amazon, Coalition for, Software, U.S . Federal Trade Commission, Cloud Infrastructure Services Locations: Europe, U.S, Monday's
Apple rolled out new Apple Intelligence features with iOS 18.1 on Monday. If you don't have a brand-new Apple device, you might still be able to take advantage of Apple Intelligence. You can also access Apple Intelligence features on the iPhone 15 Pro and iPhone 15 Pro Max. Users with an iPhone 15 Plus, iPhone 15, or any earlier version cannot access Apple Intelligence features. Those are the iPad Pro, iPad Air, and the iPad Mini.
Persons: , Siri, Max Organizations: Apple, Apple Intelligence, Service, Sequoia, iPad, MacBook, Mac
Apple has a slate of announcements expected this week on top of earnings. Its long-awaited Apple Intelligence is expected to launch with software updates. Apple marketing head Greg Joswiak told his X followers on Thursday to "Mac" their calendars for a week of announcements from the tech giant. Apple Intelligence was a major talking point during the third-quarter earnings call. "With Apple Intelligence, we're very excited about the level of value we're going to provide to users," Cook said on theAugust callt.
Persons: Greg Joswiak, , ince, ro, Organizations: Apple, Apple Intelligence, Service
Investors could win big with some of the companies reporting earnings this week that are trading below their fair valuations. About one-third of the S & P 500 , or 154 companies, as well as 10 companies in the Dow Jones Industrial Average , are due to report earnings this week. It is also shaping up to be a big week for companies within the travel, restaurant, energy and pharmaceuticals industries. Ahead of these results, CNBC Pro screened for the stocks reporting this week that are both trading at a discount and favored among Wall Street. The energy company will report earnings next Thursday.
Persons: James Hardiman, TD Cowen, Cowen, Andrew Kligerman, Nicholas Campanella Organizations: Dow Jones, Microsoft, Big Tech, Intel, CNBC Pro, Norwegian Cruise, Citi, Insurance, MetLife, Barclays, D, WEC Locations: Norwegian, Entergy
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