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We raised our price target on the stock. Best Buy was added to JPMorgan's analyst focus list after a meeting with the electronics and appliance retailer's management team. Deutsche Bank restarted coverage of Dell Technologies with a buy rating and price target of $144 a share. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.
Persons: Bristol Myers, Morgan Stanley, Wynn, Jim Cramer, Dan Ives, Jim Cramer's, Jim Organizations: Club, Costco, Drug Administration, Bristol, Bristol Myers Squibb, Wynn Resorts, United Arab, Citigroup, Analysts, Walmart, Deutsche Bank, Dell Technologies, PepsiCo, HP Inc, Bank of America, HP, Wedbush Securities, Jim's, Jim Cramer's Charitable, CNBC Locations: what's, New Jersey, Las Vegas, United Arab Emirates, China, Macau
OpenAI, the creator of ChatGPT, expects about $5 billion in losses on $3.7 billion in revenue this year, CNBC has confirmed. The New York Times was first to report on OpenAI's financials earlier on Friday after viewing company documents. OpenAI, which is backed by Microsoft, is currently pursuing a funding round that would value the company at more than $150 billion, people familiar with the matter have told CNBC. Thrive Capital is leading the round and plans to invest $1 billion, with Tiger Global planning to join as well. The company will retain its nonprofit segment as a separate entity, a person familiar with the matter told CNBC.
Persons: ChatGPT, OpenAI, CNBC hasn't, Sarah Friar, Mira Murati, Matt McIlwain Organizations: CNBC, The New York Times, Microsoft, Tiger Global
A new WSJ report sheds light on the internal tensions at OpenAI amid CTO Mira Murati's exit. The report said execs worried the company could collapse when cofounder Ilya Sutskever left in May. AdvertisementQuestions are swirling about what exactly has been going on at OpenAI amid a string of high-profile executive departures including former CTO Mira Murati. AdvertisementIt also reveals that executives worried about a potential collapse after OpenAI cofounder Ilya Sutskever left in May, and their attempts to woo the AI researcher back before reconsidering the offer. However, the Journal's reporting offers some fresh details about Murati's involvement as CTO amid the crunch to ready and ship new products.
Persons: Mira Murati's, execs, Ilya Sutskever, , Mira Murati, Sam Altman, Murati's, Sutskever, Altman, hadn't, Jan Leike, Greg Brockman, Brockman, Murati, Sarah Friar Organizations: Service, Wall, Business, CNBC
Brokerages have also jumped in on the action, with several companies dropping the rates they pay on sums held in cash sweep accounts. Charles Schwab recently trimmed its cash sweep rate to 20 basis points, where it was previously 45 basis points, according to an analysis by Bank of America. Wells Fargo also dropped rates by 3 basis points to 30 basis points, based on the level of clients' household assets. A few outliers still pay solid rates on idle cash Brokerages take different approaches toward cash sweeps, with some firms opting to keep rates low even when the Fed was hiking rates. Even as yields are expected to continue falling, a couple of brokerages continue to offer competitive rates, Bank of America found.
Persons: Marcus, Goldman Sachs, Wells, Michael Kaye, Charles Schwab, Wells Fargo, Robinhood, Ryan Salah, We've Organizations: Federal Reserve, Fed, Discover Financial, Bank of America, Wells, Advisors, Interactive, Robinhood, Capital Financial Partners Locations: Wells Fargo, Towson , Maryland
For one fan who was in attendance for the Japanese superstar's record-breaking home run, Ohtani's success may deliver a multimillion-payday. The starting bid for the historic ball — the most valuable from Ohtani's incredible 6-for-6, 3-home-run and 10 RBI performance — is $500,000. The auction will run from Sept. 27 to Oct. 9, with extended bidding taking place on Oct. 16. The $3 million figure represents the highest price ever paid for a baseball when Mark McGwire's 70th home run ball sold in 1999. If you don't have several million dollars to bid on Ohtani's home run ball, don't worry.
Persons: Shohei Ohtani, Goldin, Mark McGwire's Organizations: Major League Baseball, Goldin Auctions, Dodgers, Topps, CNBC
In a recent interview, Swank, 50, said she's happy she's an older mom. She has more time for her kids and is more comfortable with herself than she was in her 20s and 30s. AdvertisementIn 2022, Hilary Swank announced she was pregnant with twins at age 48, sparking conversations around the risks of pregnancy after age 35. Now, a few years into being a mother, Swank, 50, said that she's glad she had kids in her 40s. "It makes me really empathize with all the parents out there who are working really long hours who don't get to see their children."
Persons: Hilary Swank, Swank, Organizations: Service
CNN —The Dallas Cowboys got a much-needed victory on Thursday Night Football as they edged past the New York Giants 20-15 at MetLife Stadium. The narrow win continues the Cowboys’ domination over their division rivals. Afterwards, Dallas’ franchise QB spoke of how important the victory was for ‘America’s Team.’“It was huge, absolutely,” Prescott told reporters. Aubrey converted two fourth-quarter field goals to help seal the victory against the New York Giants. In the end, Amani Oruwariye intercepted Giants quarterback Daniel Jones with just seconds remaining to seal the victory for Dallas as they improved to 2-2 on the season; New York, meanwhile, falls to 1-3.
Persons: Dak Prescott, Brandon Aubrey –, Dallas, Prescott, CeeDee Lamb, Rico Dowdle, ” Prescott, , We’re, we’re, Greg Joseph, Aubrey, Adam Hunger, Malik Nabers, Amani Oruwariye, Daniel Jones, we’ve, Organizations: CNN, The Dallas Cowboys, New York Giants, MetLife, Cowboys, NFL, Dallas ’, New, Giants, ‘ America’s, Division, York, Dallas Locations: East Rutherford , New Jersey, New York, Dallas
Signage at the New World Tower, which houses the headquarters of New World Development Co., in Hong Kong, China, on Thursday, Sept. 26, 2024. New World Developmen suspended trading of its shares in Hong Kong on Thursday morning. Shares of Hong Kong's New World Development surged following the resignation of Adrian Cheng, a member of the founding family. Hong Kong listed shares of the major development company traded 23% higher after trading resumed on Friday. New World's woes come as property pains continue to plague Hong Kong and mainland China.
Persons: Adrian Cheng, Cheng, Eric Ma Siu, Cheung, Alicia Garcia, Herrero, Hong Kong tycoons, China's Organizations: New, Hong, HK, Asia Pacific, CNBC, China's Locations: Hong Kong, China, Natixis, tycoons, Asia
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
CNN —Muriel Furrer, an 18-year-old cyclist, has died after suffering a serious head injury in a race, the Union Cycliste Internationale (UCI) announced Friday. Furrer was competing in the women’s junior road race at the world championships in Zurich, Switzerland, on Thursday when she was badly injured in a fall. “With the passing of Muriel Furrer, the international cycling community loses a rider with a bright future ahead of her. The 18-year-old rider fell heavily yesterday, Thursday 26 September, during the Women Junior road race, and suffered a serious head injury before being flown to hospital by helicopter in a very critical condition. “The UCI and the Organising Committee of the 2024 UCI Road and Para-cycling Road World Championships offer their sincere condolences to Muriel Furrer’s family, friends and her Federation Swiss Cycling.
Persons: Muriel Furrer, Furrer, Muriel Furrer’s, “ Muriel Furrer’s, Organizations: CNN, Union Cycliste Internationale, UCI, Women Junior, Zurich University Hospital, , Federation Swiss Cycling, ” CNN, Zurich Cantonal Police Locations: Zurich, Switzerland, Para, Swiss
Uber just jumped into the Halloween business
  + stars: | 2024-09-27 | by ( Cj Haddad | ) www.cnbc.com   time to read: +2 min
Uber Technologies just announced a new partnership with Spirit Halloween, opening up delivery for Halloween costumes, decor and all things spooky to be delivered on-demand via Uber Eats, Postmates and the Uber app. Uber added all Spirit Halloween stores to the delivery apps as of Friday morning, an Uber spokesperson told CNBC. The Halloween shopping season is consistently one of the largest consumer spending events in the United States. Spirit Halloween did not immediately respond to a request for comment. Correction: Spirit Halloween is opening roughly 1.3% more retail locations in North America this year, compared to 2023.
Persons: Jack, Travis Kelce, Taylor Swift, I'm, we'll, Beryl Sanders, Uber Organizations: Technologies, Uber's, CNBC, Michael's, Party, National Retail Federation Locations: Los Angeles , California, Uber's U.S, North America, Party City, United States
The Women's National Basketball Association's viewership and attendance boomed during the 2024 season, as the league's popularity soared due to young stars like Caitlin Clark and Angel Reese. The league's games drew more than 54 million unique viewers, an all-time record, across various networks including Disney 's ABC and ESPN, Paramount Global' s CBS, E.W. Scripps' Ion and NBA TV, among others, according to data the WNBA released on Friday. In addition, WNBA game attendance hit its highest level in 22 years, and grew almost 50% from the 2023 season, according to the league. Asked about the dynamic on CNBC earlier this month, WNBA Commissioner Cathy Engelbert did not explicitly condemn the vitriol toward players, sparking criticism from around the league.
Persons: Caitlin Clark, Destanni Henderson, Angel Reese, Scripps, Ion, Clark, Reese, Cathy Engelbert Organizations: Indiana, Atlanta, WNBA, Gainbridge Fieldhouse, Disney, ABC, ESPN, Paramount, CBS, E.W, NBA, Indiana Fever, Chicago Sky, Las Vegas Aces, CNBC Locations: Gainbridge, Indianapolis , Indiana, Portland
AdvertisementWho's going to win the streaming wars? Its would-be competitors are nowhere close. It no longer had the market to itself, and its flaws could no longer be covered up by go-go growth. AdvertisementThe best way to show how the streaming wars have worked out is via this chart: It shows you that Netflix stock is soaring. (We also threw Fox on this chart, even though the company has mostly stayed out of the streaming wars, though Tubi, its free service, is starting to gain momentum.)
Persons: , fickleness Organizations: Netflix, Service, Disney, Comcast, Warner Bros Discovery, Paramount, Fox
The high price of weight-loss drugs is frustrating for patients who can't access them, a doctor said. Patients struggle to afford these drugs, leading to cycling, rationing, or using risky alternatives. AdvertisementPharmaceutical companies are facing a new wave of criticism for the high price of groundbreaking weight-loss drugs. The latest generation of these class of drugs, medications like Ozempic, Wegovy, Mounjaro, and Zepbound, are once-weekly injections. The competitive pressure will also help drive prices lower as companies aim to attract consumers back to their brand with cheaper options for weight-loss drugs.
Persons: , Dr, Christopher McGowan, McGowan, that's, they've, Ted Kyle, Kyle Organizations: Service, Pharmaceutical, FDA
CNN —Two climate activists in their early 20s were sentenced to prison by a London court Friday for throwing soup over Vincent Van Gogh’s “Sunflowers” painting during a protest against fossil fuels. Phoebe Plummer, 23, and Anna Holland, 22, from the protest group Just Stop Oil were imprisoned for two years, and 20 months, respectively, according to PA Media. 🚨 BREAKING: 2 VAN GOGH PAINTINGS SOUPED HOURS AFTER PHOEBE AND ANNA SENTENCED🥫 3 Just Stop Oil supporters have thrown soup over 2 of Van Gogh paintings in the 'Poets and Lovers' exhibition at the National Gallery. Hehir is the same judge who recently handed yearslong prison terms to five climate activists for their roles in disruptive protests. All were from Just Stop Oil or its allied group, Extinction Rebellion.
Persons: Vincent Van Gogh’s, Phoebe Plummer, Anna Holland, Van Gogh Organizations: CNN, PA Media, Oil, Gallery
Supporters of Phoebe Plummer and Anna Holland protest in front of Southwark Crown Court on September 27, 2024 in London, England.] Three Just Stop Oil activists threw soup at two of Vincent van Gogh's "Sunflowers" paintings in London's National Gallery on Friday, just hours after two other members of the protest group were jailed for doing the same thing in 2022. The activists threw tomato soup at the "Sunflowers" owned by the London Gallery, and another from the series that is on loan from Philadelphia Museum of Art for a temporary exhibition. The National Gallery said three people had been arrested and the paintings were unharmed. Activists from Just Stop Oil have staged a number of eye-catching protests in recent years, including disrupting sporting events, theatre performances and road traffic.
Persons: Phoebe Plummer, Anna Holland, Vincent van, Plummer, Holland, Christopher Hehir, Roger Hallam Organizations: Southwark Crown, Oil, London, Philadelphia Museum of Art, London's, London's Southwark Crown Court Locations: Southwark, London, England, London's Southwark, Britain, Europe
OpenAI has lost a slew of key leaders since last year's effort to push out CEO Sam Altman. Here are 10 OpenAI leaders who have left the company since November. Shortly afterward, CEO Sam Altman said that two other executives, Bob McGrew and Barret Zoph, would also leave OpenAI. Like many companies, OpenAI has seen turnover among its highest ranks since its founding in 2015. But since an attempt to oust Altman as OpenAI's CEO last November, the company has lost multiple executives and key leaders.
Persons: OpenAI, Sam Altman, Mira Murati, , Bob McGrew, Barret Zoph, Altman, McGrew's, Elon Musk, Altman's, Helen Toner, Tasha McCauley, Toner, McCauley, Greg Brockman Organizations: Service, ChatGPT Locations: OpenAI
The PDF document is a 271-page opposition research file on former President Donald Trump’s running mate, Sen. JD Vance, R-Ohio. But on Thursday, reporter Ken Klippenstein, who self-publishes on Substack after he left The Intercept this year, published one of the files. “If the document had been hacked by some ‘anonymous’ like hacker group, the news media would be all over it. As president, Trump authorized the assassination of military leader Qassem Soleimani. The Vance file appears to be the one Klippenstein hosts on his site.
Persons: Donald Trump’s, Sen, JD Vance, Ken Klippenstein, I’m, , Klippenstein, , Vance, Hillary Clinton’s, Trump, Mohammad Javad Zarif, Qassem Soleimani, Robert, Robert persona’s, Elon Musk, Joe Biden’s, Hunter, Substack Organizations: Politico, Trump, Google, Microsoft, NBC, National Intelligence, Intelligence, NBC News, New York Post Locations: American, R, Ohio, Iran, U.S, Substack
HOUSTON — A Black high school student in Texas who was punished for nearly all of his junior year over his hairstyle has left his school district rather than spend another year of in-school suspension, according to his attorney. It would allow him to return to school while a federal lawsuit he filed proceeds. George’s federal lawsuit also alleged that his punishment violates the CROWN Act, a recent state law prohibiting race-based discrimination of hair. In February, a state judge ruled in a lawsuit filed by the school district that its punishment does not violate the CROWN Act. Barbers Hill’s hair policy was also challenged in a May 2020 federal lawsuit filed by two other students.
Persons: HOUSTON, Darryl George, Jeffrey Brown, “ Judge Brown, ” George, Brown, George, , Allie Booker, unenroll, ” Booker, , Booker Organizations: U.S, Hill High School, locs Locations: Texas, Houston, Galveston, , Mont Belvieu
WASHINGTON — Former President Donald Trump said on Thursday that he would meet with Ukraine's President Volodymyr Zelenskyy Friday morning at Trump Tower in New York. Trump was previously not expected to meet with the Ukrainian president, who has already held meetings on Thursday with both President Joe Biden and Vice President Kamala Harris. Trump's planned meeting with Zelenskyy comes days after Zelenskyy called Vance "too radical," according to a story published Sunday in The New Yorker. Vance responded to Zelenskyy on Wednesday, saying, "I don’t appreciate Zelenskyy coming to this country and telling the American taxpayers what to do." Biden and Zelenskyy will meet again on Oct. 12 in Germany, according to the White House.
Persons: WASHINGTON —, Donald Trump, Volodymyr Zelenskyy, Trump, Joe Biden, Kamala Harris, Sen, JD Vance, Biden, Zelenskyy, Trump's, Vance, Harris, Putin Organizations: WASHINGTON, Trump, White, Department of Defense, Democratic, New Yorker, United Nations General Assembly Locations: New York, Ohio, Ukraine, Europe, United States, America, Russia, U.S, New, Russian, Germany
In today’s edition, national political reporter Ben Kamisar breaks down the latest installment of the NBC News Deciders Focus Group series, which featured young men from battleground states who are skeptical of both candidates. For him or against him, young men see the election as all about TrumpBy Ben KamisarNew focus groups of skeptical young men planning to vote in this fall’s most critical battleground states illustrate how, for them, this election is all about Donald Trump. The battle for young votersPolling has shown a significant gender gap in the presidential race, with Trump holding the upper hand among men and Harris with women. The two campaigns have been vocal about their attempts to win over young men — Trump through the world of influencers and combat sports, and Harris through targeted ads and the refrain about vice presidential nominee Tim Walz’s past as an assistant football coach. Read more → Follow live updates from the campaign trail →That’s all from the Politics Desk for now.
Persons: Ben Kamisar, Jonathan Allen, Donald Trump, , Harris, ” “ Kamala Harris, MAGA, John M, Trump, , , Drake, SurveyMonkey, — Trump, Tim Walz’s, → Harris, Garrett Haake, Sen, Mike McDonnell —, — Sen, Lindsey Graham, Jane Kleeb, McDonnell, Harris ’, Joe Biden, Ben Kamsiar, Kamala Harris ’, Donald Trump’s, Alex Conant, — we’ve, ” Conant, Read, loos Organizations: NBC, White House, Capitol, Capitol Hill, Trump, Wisconsin —, Syracuse University, Democratic, Republican Party, GOP, Trump reminisced, Congressional, Electoral, Republican, Democrats ’, Nebraska Democratic Party, NBC News, doling, Republicans, ntr, aig Locations: Nebraska, Michigan , Pennsylvania, Wisconsin, Pennsylvania, Philadelphia, Omaha, — Maine, Nebraska’s, Omaha —, Pennsylvania , Michigan, Georgia
A rainstorm expected only once every 1,000 years deluged parts of southern Appalachia on Wednesday night, with as much as 8 inches falling in a day’s time in Asheville, North Carolina. Now, the area awaits some of the most intense rainfall forecast from fast-moving Hurricane Helene. In some areas, Helene could dump an additional 6 to 12 inches of rain, according to the National Hurricane Center. Wind gusts could reach hurricane strength at hilltops. Asheville is nearly 400 miles from Florida’s Big Bend, where the hurricane is expected to make landfall Thursday night.
Persons: Helene, “ We’re, , Andrew Kimball, ” Kimball Organizations: National Hurricane Center, National Weather Service, Greenville - Locations: Appalachia, Asheville , North Carolina, Greenville, Greenville - Spartanburg , South Carolina, Asheville, Florida’s Big Bend
SKIP AHEAD How I tried the DRx Spectralite Faceware Pro | My experience with the Dr. Dennis Gross DRx Spectralite Faceware Pro | Who is the DRx Spectralite Faceware Pro best for? What is the Dr. Dennis Gross DRx Spectralite Faceware Pro? You can wear the Dr. Dennis Gross DRx Spectralite Faceware Pro mask for three minutes a day to target fine lines, discoloration and acne-causing bacteria. In short, yes: Dermatology offices nationwide have been using red light therapy for over a decade, according to experts we spoke to in our guide to red light therapy. Who is the Dr. Dennis Gross Drx Spectralite Faceware Pro best for?
Persons: I’ve, Dennis Gross’s, Dennis Gross, Apple, Ashley Morris, , Solawave, it’s, TikTok Organizations: NBC, University of Wisconsin School of Medicine, Public Health, Therabody’s, Technologies, FDA, Facebook, Twitter Locations: New York
Andy Beshear ordered the sheriff accused of gunning down a judge in his chambers to resign by the end of the week or face removal proceedings. The Letcher County Sheriff’s Office could not be reached for comment Thursday. Letcher County Judge/Executive Terry Adams did not immediately respond to a request for comment. A Kentucky State Police spokesman has said the shooting at the Letcher County Courthouse occurred after an argument in the building. A filing in the case from Stines’ lawyer argued that Stines was protected from being sued over the allegations because of his position as an elected official and law enforcement officer.
Persons: Andy Beshear, gunning, Travis Mayo, Shawn “ Mickey ” Stines, Kevin Mullins, Mullins, Stines, Terry Adams, Clare Grant, Stines ’, Matt Gayheart, ” Jonathan Shaw, Judge Mullins, ” Shaw Organizations: Kentucky Gov, Kentucky State Police, Authorities, Courier, USA Locations: Letcher, Stines, Whitesburg, Ky, Clare
By comparison, from Ohio’s March primary through August, Democrats held the edge, dropping $78.5 million on ads to Republicans’ $59 million. “Bernie’s special interest allies are dumping hundreds of millions of dollars into this race to try and defeat Sherrod because they know Sherrod will always stand up to them to do what’s right for Ohio,” Brown spokesperson Matt Keyes said in a statement. Democrats, who hold a one-seat majority in the Senate, are growing increasingly nervous about Sen. Jon Tester’s re-election bid in Montana. Democrats had a clear advertising advantage coming out of a contentious March primary that cost Moreno’s campaign millions of dollars to win. Close behind is WinSenate, a political action committee affiliated with the Democrats’ Senate Majority PAC, which has spent more than $22 million this month.
Persons: Sen, Sherrod Brown, Bernie Moreno, Brown, , Jai Chabria, JD Vance’s, , Moreno, Sherrod, ” Brown, Matt Keyes, Jon Tester’s, Larry Hogan, Gary Peters of, “ We’re, ” Philip Letsou, Chuck Schumer, Kamala Harris, ” Letsou, Barack Obama, Donald Trump, “ Sherrod, Chris Grant, Moreno’s, it’s, beholden, Harris, Joe Biden, Bernie, Scott Guthrie, ” Peters, I’m, “ Jon Tester, ” Moreno, Reagan McCarthy, chastise Brown, Mary Ann, ” Mary Ann, Bernie Moreno’s, ” Chabria, Vance Organizations: CLEVELAND, Senate, Democratic, , GOP, Republican, Democratic Senatorial, National Press Club, National Republican Senatorial Committee, Democrat Party, lockstep, Democrats, Defend, Jobs, Fund, PAC, National Republican, Moreno’s, Locations: Ohio, Montana, Florida, Texas, Montana and Ohio, Arizona , Michigan, Nevada , Pennsylvania, Wisconsin, Maryland, Gary Peters of Michigan, Washington, lockstep ”, ” Ohio, Toledo
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