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Markets: The S & P 500 has slipped into the red since the Morning Meeting. By the way, since the Sept. 6 close, the S & P 500 jumped nearly 6%, closing at a record 5,732 on Tuesday. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.
Persons: Jim Cramer, Salesforce, Meta, Dana her, it's, oversold, Mark Zuckerberg, Zuckerberg, Thursday's, Jim Cramer's, Jim Organizations: CNBC, ., Nasdaq, Nvidia, Meta, Microsoft, West Texas, Apple, Micron, Jefferies, Accenture, CarMax, Costco, Jim Cramer's Charitable Locations: China, Menlo Park , California
Micron Technology shares surged roughly 14% in after-hours trading after the memory maker forecast higher-than-expected first-quarter revenue due to the thirst for its memory chips used in artificial intelligence computing. HBM is a space-saving, power-efficient type of dynamic random access memory chip, or DRAM, crucial for AI-focused graphics processing units, that aid in processing vast amounts of data. "Demand from data center customers continues to be strong and customer inventory levels are healthy," Micron CEO Sanjay Mehrotra said on a conference call with analysts. The AI boom has also helped Micron cushion the hit from a memory chip inventory glut in PC and smartphone markets. Personal computers infused with AI technologies are expected to have more memory chips, helping firms such as Micron.
Persons: Sanjay Mehrotra, Wall, Kinngai Chan, Sumit Sadana Organizations: Micron Technology, Micron, South Korea's SK Hynix, Samsung, Nvidia Locations: U.S
DNA from 3,600-year-old cheese sequenced by scientists
  + stars: | 2024-09-25 | by ( Katie Hunt | ) edition.cnn.com   time to read: +7 min
A decade after the dairy discovery on strikingly intact remains mummified by the Taklamakan Desert’s arid conditions, scientists have extracted and sequenced DNA from the 3,600-year-old cheese, the oldest in the archaeological record. Fu is director of the ancient DNA laboratory at the Institute of Vertebrate Paleontology and Paleoanthropology in Beijing. The researchers recovered animal and microbe DNA from the kefir cheese discovered on the Tarim Basin mummies. Fu and her colleagues also sequenced the bacterial genes in the ancient kefir cheese, revealing insights into how probiotic bacteria evolved over the past 3,600 years. “Ancient DNA analysis, especially on microbes, is fraught with technical problems, mostly stemming from contamination by modern bacteria,” he added.
Persons: , Christina Warinner, John L, Loeb, Warinner wasn’t, Qiaomei Fu, Fu, Yang, it’s, Taylor Hermes, ” Hermes, Pichia kudriavzevii, kefir, we’ve, ” Fu, Hermes, Warinner, William Taylor, Taylor, wasn’t Organizations: CNN, Cell, Social Sciences, Harvard University, Vertebrate Paleontology, University of Arkansas, University of Colorado, school’s Locations: what’s, China, , Beijing, Tarim, China’s Xinjiang, Asia, Russia, Tibet, United States, Japan, Caucasus, Anatolia, University of Colorado Boulder
Fixing Broken Rungs: Mending the Corporate Ladder
  + stars: | 2024-09-25 | by ( Deirdre Bosa | ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFixing Broken Rungs: Mending the Corporate LadderAlthough female workers typically outperform their male counterparts, men are more likely to get promoted. This issue is a major factor in the gender wage gap, which has barely budged in the past 20 years. Professor Kelly Shue shares her research on the gender promotion gap, the biases that contribute to it and how we can address this problem.
Persons: Kelly Shue
Analysts are warning that Coinbase could be entering a down trend after the stock scored a six-day-long advance. In early trading Wednesday, Coinbase rose as much as 1.3%, paving the way for what may be its seventh straight gain. "Coinbase looks very toppy to me as the recent bounce out of the oversold condition looks to be stalling out," Wolfe Research macro strategist Rob Ginsberg told CNBC. Lau also cited muted trading volume on crypto exchanges and pressure on subscription and services revenue due to the declining interest rate outlook. But cryptocurrency "trading volume could jump" when interest rates move even lower and if bitcoin again challenges its all-time high, Lau noted.
Persons: Coinbase, Wolfe, Rob Ginsberg, Tamplin, Owen Lau, Oppenheimer, Lau, bitcoin, Bitcoin, Nick Wells Organizations: Wolfe Research, CNBC Locations: bitcoin
But for two key reasons, these kinds of public proclamations don’t signal a broader demise of remote work benefits. Flex work options are too popular to ditchWhile an individual company may decide to backtrack on its remote work policies, the numbers suggest that’s not happening widely. Workplace consulting firm Gallup found in May that among full-time employees in remote-capable jobs, 53% work a hybrid schedule, 27% work exclusively remotely and 21% work on site. As of August 31, job postings on Indeed.com that specify hybrid and remote work have dipped a half percentage point year over year. It also found that HR leaders say hybrid work models help attract and retain talent.
Persons: Jamie Dimon, Andy Jassy’s, Jassy, , ’ ”, Chris Williams, , ” Williams, Gallup, Nick Bunker, it’s, Williams Organizations: CNN, JPMorgan Chase, Microsoft, Board Locations: , Seattle
Hawaii may be the happiest state in America, but according to a recently conducted study, the residents of Wyoming have the most positive outlook on life. The company polled 5,000 U.S. adults, including 100 participants from each state. The survey was also done in partnership with Dr. Deepika Chopra, a behavioral scientist who is commonly referred to as "The Optimism Doctor." "Scores were averaged together to provide a score of that state's optimism," according to the press release. Hawaii didn't make the top five on the list, despite being known for its stellar weather and happy residents.
Persons: Dr, Deepika Chopra Organizations: Wakefield Research Locations: Hawaii, America, Wyoming
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailRosenberg: Falling demand for workers is leading to higher unemploymentDavid Rosenberg of Rosenberg Research talks about supply and demand dynamics in the US labor market, and says the higher unemployment rate comes down to weaker demand, not higher supply.
Persons: Rosenberg, David Rosenberg Organizations: Rosenberg Research
PeopleImagesProgress toward narrowing the gender pay gap has mostly stalled, in part due to something researchers call the "gender promotion gap." Women are about 13% less likely to be promoted than men, according to Shue's research. That imbalance is a major driver in the persistent income inequality between men and women, she said. About 70% of the gender wage gap is due to women occupying different positions compared to men, according to Shue. But even when men and women occupy the same position, women are paid less, she added.
Persons: Kelly Shue, Shue, Lean Organizations: Yale School of Management, CNBC's, Census, National Women's Law, Lean, McKinsey Locations: America
New York CNN —OpenAI Chief Technology Officer Mira Murati — who has been instrumental in the development of ChatGPT and the artificial intelligence image generator Dall-E — said Wednesday she is leaving the company. “My six-and-a-half years with the OpenAI team have been an extraordinary privilege,” Murati said in a note to the OpenAI team, which she posted to X. Fellow OpenAI co-founder John Schulman exited in August to join rival Anthropic. Murati joined OpenAI’s leadership team in 2018 after working at augmented reality company Ultraleap (then called Leap Motion) and Tesla. During the debacle, Murati joined more than 500 fellow OpenAI employees in threatening to quit if Altman was not brought back to the company.
Persons: Mira Murati —, , , ” Murati, “ There’s, shakeup, OpenAI, Ilya Sutskever, John Schulman, Greg Brockman, Murati, Sam Altman, Altman, Mira, , ” Altman Organizations: New, New York CNN, OpenAI, Bloomberg, OpenAI’s, Tesla, o1 Locations: New York, Silicon Valley
1 in 3 children worldwide is now nearsighted, study shows
  + stars: | 2024-09-25 | by ( Jack Guy | ) edition.cnn.com   time to read: +4 min
Nearsightedness, or myopia, refers to when closer objects are clear, but distant objects are blurry. Nearsightedness is expected to keep rising among children and adolescents. This could be due in part to the fact that East Asian children start formal education at the age of 2 or 3, earlier than kids in other regions, the researchers say. Progression of nearsightedness in children can be slowed by taking breaks and avoiding hour after hour on the phone or computer, he wrote. Limiting up-close reading time outside of school — screen time or otherwise — may help slow the progression of nearsightedness in children, he added.
Persons: Sun, Dibyangshu Sarkar, , Dr, Benjamin Botsford, , Botsford Organizations: CNN, British, Ophthalmology, University, UMass Chan Medical Locations: Guangzhou, China, AFP, Singapore, Taiwan, Japan, nearsighted, South Korea
Tesla is slated to report its third-quarter delivery numbers next week, followed by a long-awaited robotaxi event on Oct. 10. To take advantage of the robotaxi event and the deliveries update, Marshall highlighted the Oct. 24 expiry call options on Tesla at a $255 strike price. TSLA 5D mountain Shares of Tesla closed less than $1 below Goldman's suggest strike price on Tuesday. Currently, Tesla options seem cheap relative to their history, according to Goldman. Options traders risk losing the premium paid for the contract if the stock fails to rise above the strike price.
Persons: Tesla, Goldman Sachs, John Marshall, Mark Delaney, Goldman, Marshall Organizations: Goldman Sachs Automobiles, Bloomberg News, Tesla
Futures tied to the Dow Jones Industrial Average were little changed on Wednesday night after the index broke a four-day win streak. Dow futures slipped 16 points, or 0.04%. S&P 500 futures rose 0.1%. The semiconductor manufacturer was trading 14% higher in Wednesday's extended trading session after issuing strong guidance for the current quarter. In regular trading, both the S&P 500 and the Dow retreated from their records to close lower.
Persons: Dow, Tom Lee, Dow Jones, Jerome Powell, John Williams Organizations: New York Stock Exchange, Futures, Dow Jones, Dow, Nasdaq, Micron Technology, Lam Research, Fundstrat Global Advisors, Federal Reserve, New York Fed, CarMax, Accenture, Costco Wholesale
The Federal Reserve's move to start cutting interest rates bodes well for dividend-paying stocks, and Morgan Stanley thinks several companies are poised to join their ranks. "Equity investors are seeking durable, higher yielding dividends as market volatility is expected to continue throughout the easing cycle," wrote Morgan Stanley strategist Todd Castagno in a report last Friday. Morgan Stanley drew up a list of companies that might have what it takes to start paying dividends, drawn from stocks that boast net cash and generate a free cash flow exceeding 3%. Instacart was also seen as a potential dividend initiator by Morgan Stanley. Other companies that Morgan Stanley highlighted as potential dividend initiators include short-term vacation rental company Airbnb and biotech play United Therapeutics .
Persons: Morgan Stanley, Todd Castagno, Castagno, Morgan, Piper Sandler, James Fish, Instacart, Raymond James, Josh Beck Organizations: Equity, Companies, United Therapeutics
CATL Goldman is buy-rated on Chinese battery maker Contemporary Amperex Technology Co, or CATL. The company — which has a global market share of 40% — "is the largest and most innovative battery maker globally," the bank's analysts wrote. Goldman has a price target of 307 Chinese yuan ($43.65) on the stock, giving it potential upside of around 55%. Gotion Another Shenzhen-listed Chinese stock Goldman likes is Gotion High Tech . Goldman has a buy rating on Gotion at a price target of 31.40 Chinese yuan, giving it potential upside of around 66.4%.
Persons: Goldman Sachs, — CATL, CATL Goldman, CATL, Goldman, — CNBC's Michael Bloom Organizations: LG Energy, Panasonic, Samsung SDI, Amperex Technology Co, Shenzhen Stock Exchange, Battery Technology, China Clean Technology, High Tech Locations: China, Gotion, Shenzhen
The company sees fiscal first quarter adjusted earnings coming in at roughly $1.74 per share and revenue of around $8.70 billion. Fuller's adjusted earnings in the fiscal third quarter came in at $1.13 per share on revenue of $918 million. However, the company's $2.39 billion revenue was higher than the $2.38 billion estimate. Armada Hoffler Properties — Shares of the real estate investment trust dipped 5% after Armada Hoffler announced the commencement of the public offering of 7 million shares of its common stock. Adjusted earnings came in at 56 cents per share, compared to $1.26 per share a year ago.
Persons: LSEG, H.B, Fuller, Armada Hoffler, Darla Mercado Organizations: Micron Technology, Applied, Lam Research, Fuller Co, Armada, Worthington Steel
China needs more than rate cuts to boost economic growth
  + stars: | 2024-09-25 | by ( Evelyn Cheng | ) www.cnbc.com   time to read: +5 min
Cfoto | Future Publishing | Getty ImagesBEIJING — China's slowing economy needs more than interest rate cuts to boost growth, analysts said. He expects Beijing will likely ramp up fiscal stimulus due to weak growth, despite reluctance so far. "The market is forming a medium to long-term expectation on the U.S. growth rate, the inflation rate. As for Chinese government bonds, Ding said the firm has a "neutral" view and expects the Chinese yields to remain relatively low. He pointed out that monetary easing still requires fiscal stimulus "to achieve the effect of expanding credit and transmitting money to the real economy."
Persons: Larry Hu, That's, Edmund Goh, Yifei Ding, Ding, CF40, Pan Gongsheng, Haizhong Chang, Chang Organizations: China Resources, Getty, BEIJING, People's Bank of China, Macquarie, U.S, of Finance, PBOC, Ministry of Finance, Fitch Locations: China, Nanjing, Jiangsu province, abrdn, Beijing, U.S, Invesco
The Summary Brett Favre revealed on Tuesday that he has Parkinson's disease. Hall of Fame quarterback Brett Favre’s announcement that he has Parkinson’s disease is bringing renewed attention to the potential links between collision sports and a risk of brain disease. It definitely says something.”Neurologists who treated boxing legend Muhammad Ali concluded in 2022 that his medical history supported a diagnosis of young-onset Parkinson’s disease, but they could not link the disease to head trauma. Many former football players have been found to show signs of the brain disease, which can only be diagnosed post-mortem. Crutchfield said it’s important for players to take breaks after a head trauma to avoid more serious brain injuries.
Persons: Brett Favre, Brett Favre’s, Favre, , I’ve, Parkinson’s, ” Favre, Angelina Katsanis, AP Favre, , Shannon Shaffer, Hannah Bruce, Bruce, ” Neurologists, Muhammad Ali, Ali, Kevin Crutchfield, ’ ”, Crutchfield, Thor Stein, ” Stein, CTE, Stein Organizations: of Fame, NFL, POLITICO, AP, National Football League, Green Bay Packers, Army, , Cleveland Clinic, Rune Labs, Boston University Alzheimer’s Disease Research, Hackensack Meridian Health, Boston, CTE Locations: Mississippi, Parkinson’s
Why Trump is polling better in Georgia than North CarolinaBy Steve KornackiThe latest round of New York Times/Siena College state polls is a continuation of what has become a pattern: Donald Trump seems to be faring slightly better in Georgia than in North Carolina. And Trump is up by 2 points in North Carolina, where he prevailed by 1.3 points four years ago. And yet — at least in polling — it’s Georgia, not North Carolina, where Trump seems better positioned. According to exit polling, Trump won the noncollege white vote in each state by roughly the same margin in 2020: 59 points in Georgia and 57 points in North Carolina. It’s a smaller lead among a slightly smaller share of the electorate than Harris has over those early voters.
Persons: Donald Trump's, Ben Kamisar, Steve Kornacki, Donald Trump, Trump, Kamala Harris, Joe Biden, Mark Robinson, we’re, Harris, , Bill McInturff, Republican pollster, Jeff Horwitt, Barack Obama, Hillary Clinton Organizations: NBC, White House, Capitol, Trump, New York Times, Siena College, Times, Peach, GOP, Democratic, it’s, Republicans, Republican, Hart Research Associates, Wall Locations: Georgia, North Carolina, Siena, Democratic Atlanta, Charlotte, Raleigh, Durham, it’s Georgia, Michigan , Pennsylvania, Wisconsin,
But it’s something politicians have struggled with achieving on their own — particularly amid an election cycle in which many young voters find themselves jaded with politics as a whole. Overall, young voters are not very optimistic right now, according to NBC News’ Stay Tuned Gen Z poll of over 2,600 voters under 30 in September. Still, Piker’s success as a streamer has been admired by fellow political creators, especially those who are chasing similar progressive audiences. Hasan Piker answering questions and debriefing on daily politics for his Twitch stream on Aug. 14. In recent years, Piker said he’s noticed the online political landscape change.
Persons: Hasan, Piker, Ilhan, , you’re, ” Piker, , Cenk Uygar, Twitch, Austin MacNamara, “ He’s, he’s, ” Sean Wiggs, Hasan Piker, Brock Stoneham, I’ve, Wiggs, “ Hasan, Joe Biden, , Andrew Tate, influencers, Donald Trump, YouTuber Logan Paul, Tana Mongeau, Kamala Harris, Harris, Tim Walz, he’s “, ” He’s, Alexandria Ocasio, Ro Khanna, I’m, Chappell Roan Organizations: YouTube, NBC, Pew, Turks, Republican, Democratic, Trump, Democratic Party, Democratic National Convention, DNC, Republican National Convention, Minnesota Gov Locations: Los Angeles, Gaza, Arizona, Chicago, Milwaukee, , Alexandria, Cortez
Political organizations supporting Vice President Kamala Harris and former President Donald Trump are touting both campaigns' messages of “freedom” as they woo Latinas, a key voting bloc. Against Hillary Clinton in 2016, Trump won just 28% of Hispanic women voters compared to Clinton’s 67%, according to Pew. Also, at least 13 states saw increases in Latina voter registrations when Biden left the race and endorsed Harris, according to TargetSmart CEO Tom Bonier. Republican Mercedes Schlapp, one of the “Latinas for Freedom” organizers, said the issue of abortion is one for states to decide. The group is defining freedom for Latinas as freedom from economic policies they say are "socialist."
Persons: Kamala Harris, Donald Trump, Latinas, Harris, they’ve, Hillary Clinton, Trump, Joe Biden’s, Pew, Stephanie Valencia, Equis, Biden, Tom Bonier, Mercedes Schlapp, Walz, It’s, , Ingrid Pino Duran, , Nydia Velázquez, Kamala, Zoom, Wade, Duran, , ” Harris, Schlapp Organizations: Pew Research Center, Congressional Hispanic Caucus Institute, Trump, GOP, Conservative, Pew, Equis Research, Democratic, News, Latinas, Freedom, NBC, Associated Press, PODER PAC, Rep, Republicans, Latino Entrepreneurship, Stanford, Conservative Political, Conference, Trump White House Locations: Latina, Texas, Florida, it’s
Caroline Ellison, whose testimony helped convict her former boss and ex-boyfriend, disgraced cryptocurrency mogul Sam Bankman-Fried, was sentenced Tuesday to two years in prison for fraud and conspiracy. Ellison, 29, accepted a plea deal to charges of conspiracy and financial fraud in December 2022, a month after FTX spiraled into bankruptcy. Bankman-Fried was convicted of all seven criminal fraud charges against him and sentenced to 25 years in prison. Lawyers for Ellison had asked that she be sentenced to time served and supervised release, citing her cooperation. Ryan Salame, a former top lieutenant of Bankman-Fried, was the first of the FTX executive team to be sentenced.
Persons: Caroline Ellison, Sam Bankman, Ellison, Judge Lewis A, Kaplan, FTX spiraled, Fried, Prosecutors, John Ray, disentangling, FTX, Ryan Salame, Nishad Singh, Gary Wang Organizations: FTX, CNBC, Bankman, U.S, Alameda Research, Super Bowl Locations: U.S, Manhattan, Bahamas, Washington, Caribbean, Bankman
A boy kidnapped more than seven decades ago from a California park was found alive and well as a senior citizen, reunited with surviving loved ones after his niece found him across the country through her own DNA research, police said Monday. His genetic material was a match to two surviving siblings in California, proving Albino was the boy taken in 1951, police said. The Oakland Police Department statement didn't make clear who officers believed took Albino from that park seven decades ago, nor did it identify who raised him. Albino's 92-year-old mother died in 2005 never knowing the fate of her kidnapped son, the Bay Area News Group reported. “I think he died happily,” said 63-year-old Alida Alequin, the niece who alerted police to her 22% DNA match to Albino.
Persons: Luis Albino, Albino, Albino's, Roger, , Organizations: Jefferson, Oakland, FBI, California Department of Justice, The Oakland Police, Bay Area Locations: California, Oakland, East Coast, East, Bay
Nearly 1 in 3 Americans may have an undiagnosed iron deficiency, a problem that can lead to fatigue, brain fog and difficulty concentrating, a new study suggests. An analysis of data from more than 8,000 adults in the U.S. revealed that 14% had low iron blood levels, a condition known as absolute iron deficiency, while 15% had the right iron levels but their bodies couldn’t use the essential mineral properly, known as functional iron deficiency, according to the report published Tuesday in JAMA Network Open. Doctors don’t typically screen adults for iron deficiency, which is why the condition has been overlooked in many people. There had been hints in other studies suggesting iron deficiency might be more widespread than doctors assume. The rates of iron deficiency between men and women are more similar after the age of menopause, experts said.
Persons: don’t, , Leo Buckley, , Dr, Andrew Eisenberger, Eisenberger, ” Eisenberger, Brigham, Buckley, Johanna Contreras, Hossein Ardehali, Ardehali Organizations: Brigham, Women’s Hospital, Columbia University Vagelos College of Physicians and Surgeons, Women’s, National Health, Renal Research Institute, Molecular Cardiology, Northwestern University Feinberg School of Medicine, Research Locations: U.S, Boston, Sinai, New York City
Three EPA whistleblowers told ProPublica on Thursday that their complaints were the subject of the reports (which redact employee names). After endorsing Trump, Kennedy wrote in a Wall Street Journal op-ed that the U.S. could “revisit pesticide and other chemical-use standards” if Trump wins. “The EPA was sort of paralyzed under the Trump administration,” she said. It’s not yet clear what Kennedy’s role might be in a potential Trump administration, or which decisions he’d help to make as part of the transition team. Even with Kennedy’s ties to Trump, Gartner said she would expect the EPA under a second Trump administration to act similarly to the first one.
Persons: Robert F, Kennedy Jr, Donald Trump, Kennedy, Trump, , Maria, Sean O’Donnell, ProPublica, Remmington Belford, , Kennedy —, Tucker Carlson, ” Karoline Leavitt, ” Kennedy, Sharon Lerner, Lerner, Michal Freedhoff, , Freedhoff, Biden, Karen McCormack, McCormack, Trump’s, , Eve Gartner, Danielle Alvarez, It’s, Carlson, Steven Cheung, Gartner Organizations: Environmental Protection Agency, NBC News, Trump, EPA, Chemical Control, Environmental Defense Fund, EPA’s, Trump ., RFK Jr, RFK, European Union, The, of Chemical Safety, Toxic, Federal, Food and Drug Administration, National Institutes of Health, Centers for Disease Control Locations: U.S, Milwaukee,
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