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Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via Email'We need a lot more power' to support the digital transformation, says Vertiv's David CoteDavid Cote, Vertiv executive chairman and former Honeywell CEO, joins 'Squawk on the Street' for an impromptu visit to discuss Elon Musk's new data center in Memphis, the need for power supply for data centers, and more.
Persons: Vertiv's David Cote David Cote Organizations: Honeywell, Elon Locations: Memphis
In April 2021, he was on a roll following a stunning introduction to life in the premier class of bike racing. Fresh from a pole position and a third place in only his second ever MotoGP race, Martin arrived at the third round of the championship in Portugal believing the world was at his feet. “When I arrived in MotoGP in 2021, I started too good, let’s say,” Martin tells CNN, smiling. Prima Pramac RacingA month later, however, Martin was back on a bike and has steadily improved ever since. Jorge Martin has had three race wins this MotoGP season.
Persons: gasping, Jorge Martin, Pecco, Martin, ” Martin, , Prima Pramac, , , , Pramac, Ducati’s, it’s, , I’m, Mat Oxley, “ Jorge, ” Oxley, Jorge, That’s, Bagnaia, ” Martin’s, Angel Martin, Susana Almoguera, Jonathan Hawkins, he’s, Valencia Martin Organizations: CNN, MotoGP, Qatar, Prima Pramac Ducati, Prima, Red Bull, Twitter, Solidarity, Aprilia Locations: Portugal, Portimão, , Barcelona, Spain, Valencia, Malaysia, Valencia …
My husband and I spent $400 per night at Black Rhino Game Lodge to go on safari. Our chalet was spacious and our stay came with multiple meals and game drives. Go to newsletter preferences Thanks for signing up! download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . For our trip, my husband and I booked accommodations at Black Rhino Game Lodge, where I was thrilled to find plenty of comforts and perks.
Persons: I'd, , I've Organizations: Black Rhino, Service
Dollar eyes weekly gain on slower Fed easing, inflation outlook
  + stars: | 2024-11-15 | by ( ) www.cnbc.com   time to read: +4 min
The euro was in turn on track for its worst weekly performance in seven months with a fall of 1.75%. Sterling traded 0.02% lower at $1.2666 and was similarly set to lose 2% for the week, its worst weekly fall since January 2023. Higher trade tariffs and tighter immigration under President-elect Trump's incoming administration are projected to fuel inflation, potentially slowing the Fed's easing cycle longer term. The yen was last 0.2% lower at 156.57 per dollar, on track for a weekly decline of 2.5%. Elsewhere, the Australian dollar eased 0.06% to $0.6450 and was set to lose just over 2% for the week, its worst weekly performance in four months.
Persons: Donald Trump's, Sterling, Jerome Powell, Carol Kong, CBA's, bitcoin, Joshua Chu Organizations: Traders, Commonwealth Bank of Australia, U.S ., Treasury, New Zealand, Hong Kong Web3 Association Locations: U.S, CBA's Kong
Courtesy of Dr. Geetha Murali. Courtesy of Dr. Geetha Murali. "The human being, if given the basics... you are capable of so much more than you really think you are. Dr. Geetha Murali in Vietnam. Courtesy of Dr. Geetha Murali.
Persons: Geetha Murali, ” Murali, CNBC's, Read, Murali, , Murali's, ​ ​, wasn't, Michelle Obama, she's Organizations: UNESCO, CNBC, Indian Army, University of California, South Asian Studies, UC Berkeley Locations: New York, East, India, U.S, biostatistics, Berkeley, Vietnam
The top 10 family offices for startup investments
  + stars: | 2024-11-15 | by ( Robert Frank | ) www.cnbc.com   time to read: +4 min
The top 10 family offices for startup investments made over 150 investments combined this year, in everything from biotech and energy to crypto and artificial intelligence, according to a new analysis. CNBC partnered with Fintrx, the private wealth intelligence platform, to analyze single family offices that made the largest number of investments in private startups in 2024. The most active family office so far this year is Maelstrom, the Hong Kong-based family office of American investor Arthur Hayes, who co-founded the crypto exchange BitMEX. For the sake of the list, family offices are defined as investment vehicles or holding companies of a single family or individual that don't manage money for outside investors. Nearly a third of startup capital in 2022 came from family offices, according to a PWC report.
Persons: Guillaume Houze, Pascal Le Segretain, Robert Frank, Bernard Arnault's, Laurene Powell Jobs, Peter Thiel's Thiel, Arthur Hayes, Guillaume Houzé, Motier, Andreesen Horowitz, Eric Schmidt, Magnus Carlsen, Fertility Organizations: Royal, Getty, CNBC, Fintrx, Ventures, Labs, Motier Ventures, Google, Flex, Mistral, Nvidia, Lightspeed, Atinum Investment, Emerson Collective . Thiel Capital Locations: Paris, France, Hong Kong, Lafayette, Seoul, Korea, Singapore
It's game time for the world's largest publicly traded uranium company, Cameco (CCJ) . Long-term: CCJ 20-Year Monthly Bar Chart "The lines draw themselves." The stock is at a major inflection point, toying not only with the prospect of a breakout near-term, to a new 52-week high (see the 2-year chart), but also toying with the prospect of a breakout to a new 20-year high and all-time high (see the 20-year chart). THE CONTENT IS GENERAL IN NATURE AND DOES NOT REFLECT ANY INDIVIDUAL'S UNIQUE PERSONAL CIRCUMSTANCES. BEFORE MAKING ANY FINANCIAL DECISIONS, YOU SHOULD STRONGLY CONSIDER SEEKING ADVICE FROM YOUR OWN FINANCIAL OR INVESTMENT ADVISOR.
Persons: ., toying, Carter Braxton Worth Organizations: CNBC, NBC UNIVERSAL
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHatfield: We're playing a short-term stall in the market through November. Jay Hatfield sees a short-term market stall through November but expects growth next year, with a 7,500 S&P target if corporate tax cuts happen. He is bullish on investment banks, especially Goldman Sachs, with a 750 target, and AI-related IPOs.
Persons: We're, Jay Hatfield, Goldman Sachs Locations: Hatfield
Gold traded little changed on Friday, but was set for its worst week in more than three years, hurt by a stronger U.S. dollar amid expectations of fewer Federal Reserve rate cuts. Spot gold rose 0.1% to $2,569.69 per ounce by 0308 GMT after a five-session slide. Fed Chair Jerome Powell said on Thursday steady economic growth, a strong job market, and persistent inflation justify caution in cutting rates quickly. With a quiet U.S. calendar next week, gold could rebound, potentially retesting $2,600 level, Simpson said. Spot silver rose 0.2% to $30.52 per ounce, platinum edged up 0.1% to $940.68 and palladium added 0.5% to $946.00.
Persons: Gold, Donald Trump's, Fawad, Jerome Powell, Trump, Matt Simpson, Simpson Organizations: U.S ., Trump, Forex.com
In both of the past two quarters, Home Depot's revenue would have fallen year over year if SRS' sales were excluded. Melissa Repko | CNBCA jolt to the businessFor Home Depot, the expansion into the pro business comes at a challenging time. With housing turnover near its lowest in decades, the pro business has also felt pressure. Grom said Home Depot's growing pro business is what helps to attract investors and set it apart from its main competitor, Lowe's . The SRS deal and the focus on pro does not mean Home Depot is abandoning efforts to jolt the rest of its business.
Persons: Melissa Repko, Ted Decker, Decker, Dan Tinker, Joe Feldman, Chuck Grom, Gordon Haskett, Group's Feldman, it's, Grom, Tinker Organizations: Texas Pool Supply, CNBC, Depot, Home Depot, Telsey Advisory, Home, Federal Reserve, Lowe's Locations: Texas, CNBC PLANO , Texas, Dallas, Atlanta, Los Angeles, U.S
Boxing Hall of Famer Mike Tyson is coming out of retirement to fight YouTuber-turned-boxer Jake Paul. AdvertisementMike Tyson will fight Jake Paul in Netflix's first-ever professional sports livestream on Friday. Jake Paul made a deal with Netflix and then got Mike Tyson involvedMike Tyson will come out of retirement to face Jake Paul. Advertisement"The old generation of boxing with the new generation of boxing all being mixed into one," Jake Paul said. "I'm here to make $40 million and knock out a legend," Jake Paul said at a press conference in August.
Persons: of Famer Mike Tyson, YouTuber, Jake Paul, , Mike Tyson, Tyson, Jake Paul's, YouTube Jake Paul, Cooper Neill, Logan Paul, Paul, Joe Weller, Deji, KSI, Talksport, influencers, Tommy Fury, Floyd Mayweather Jr, Nakisa Bidarian, Mike Angel, Netflix Tyson, Roy Jones Jr, Nate Robinson, Jimmy Kimmel, Gabe Spitzer, Mike, Netflix's livestream, Tyson's, Katie Taylor, Amanda Serrano Organizations: of Famer, Netflix, Service, The New York Times, WWE, NFL, Boxing Hall of Famer, YouTube, UFC, Boxing, ESPN, T, USA, Texas Department Locations: Netflix's, KSI, British, Arlington , Texas
President-elect Donald Trump's White House victory could boost merger and acquisition activity, and Bank of America thinks a group of small-cap stocks may benefit as target candidates. Financial services company Bread Financial Holdings turned up, having a float of 98% of shares outstanding and three-year sales growth of 28%. The biopharmaceutical company has a float of 99% and three-year sales growth of 105%. Commercial Metals Company also showd up on BofA's screen as a potential target. Commercial Metal's three-year sales growth was 18%.
Persons: Donald Trump's, Russell, that's, Lina Khan, Jill Carey, Irving, steelmaker Organizations: Bank of America, Dow Jones Industrial, Republican, House, Senate, Trump, FTC, GOP, Financial, Bread Financial Holdings, Halozyme Therapeutics, Commercial Metals Company Locations: Columbus , Ohio, Diego, Texas
CNN —As US President-elect Donald Trump continues to make heads turn with nominations for key roles in his incoming administration, Russians are trying to understand the appointments and what impacts they might have for Moscow. Waltz also described Russia as “a gas station with nukes” in an interview with NPR on November 4. Asked about how they viewed the incoming administration and future relations between old adversaries, people were a little more divided. “Trump said that ‘I will do everything for America’, but he did not say a word about Russia,” Sergey told CNN. But I hope, that there will be a good agreement between Russia and Ukraine.
Persons: Donald Trump, Evgeny Popov, Mike Waltz, Donald Trump’s, Waltz, Vladimir Putin, Popov, Trump, Olga Skabeeva, Tulsi Gabbard, Gabbard, ” Skabeeva, Elon Musk, Vivek Ramaswamy, Elon, ” Elena, “ Trump, , ” Sergey, Vladimir Kostyukevich, Joe Biden, Elena, , ” Tatiyana, , Kostyukevich Organizations: CNN, TV, Duma, Ukraine, NPR, Republican, Kyiv, of, Twitter, America Locations: Moscow, Ukraine, Russia, Russian, Israel, Palestine
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailChina's 6 trillion yuan aid to property market is helpful to 'a certain extent': EconomistHao Hong of GROW Investment Group says China's total local government debt is likely much higher than official figures. He says investors who are attracted to Chinese high-yield dollar bonds are betting on 'very substantial' policy measures by the government.
Persons: Hao Hong
What exactly President-elect Donald Trump's second term means for the stock market will be the question investors continue to grapple with in the week ahead. Nvidia earnings results will also be on deck as investors deal with stubbornly high interest rates as well. The Dow Jones Industrial Average surged past 44,000 for the first time ever, and the S & P 500 and the Nasdaq Composite similarly posted new records. Sales of Blackwell and Grace Blackwell are expected to start to show up in results next year. The SPDR S & P Regional Banking ETF has surged 11% this month.
Persons: Donald Trump's, Jimmy Chang, Jensen Huang, CNBC's, Blackwell, Grace Blackwell, Harsh Kumar, Piper Sandler, Kumar, Jensen, Donald Trump, Robert F, Kennedy Jr, Novavax, Ken Mahoney, Trump, There's, Mahoney, Rockefeller's Chang, Chris Rupkey, Jerome Powell Organizations: Dow Jones, Nasdaq, Rockefeller Global Family, Treasury, Nvidia, Blackwell, Health, Human Services Department, Moderna, Asset Management, Regional Banking ETF, Federal, White, FWDBONDS, Housing, Walmart, Lowe's, Palo Alto Networks, Philadelphia Fed, . Kansas City Fed Manufacturing, Ross Stores, Intuit, Deere, PMI, PMI Manufacturing, PMI Services Locations: China, U.S, NAHB, . Kansas, Michigan
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBitcoin rises over 16% in a week on hopes of crypto-friendly U.S. policy: CNBC Crypto WorldCNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what's ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. On today's show, Will Peck, head of digital assets at WisdomTree, discusses what a national bitcoin stockpile could mean for prices and the future of crypto-focused ETFs.
Persons: explainers, Will Peck Organizations: CNBC Crypto, CNBC, WisdomTree
That is just one reason why policy experts see a retirement savings crisis on tap for so many Americans over the next several decades. This results in an increase in retirement income of $150 per month,” Gusto’s researchers wrote. Initial data also suggests that the introduction of auto IRAs might correlate with more employers offering their own plans. It’s not entirely clear why, since smaller businesses often cite cost and administrative burden as reasons why they don’t sponsor a retirement plan. And employer plans offer workers tax breaks and direct matching contributions, which can help them grow their nest eggs faster than they otherwise might.
Persons: John Scott, Roth, Scott, IRAs, , Pew, It’s Organizations: CNN, AARP —, AARP, Georgetown Center, Retirement, Pew, Savings, Employers, Project . Workers, Georgetown CRI, Auto Locations: California, Colorado , Connecticut, Delaware, Hawaii , Illinois, Maine , Maryland, Minnesota , Nevada , New Jersey , New York , Oregon, Rhode Island , Vermont, Virginia, Washington
AdvertisementMike Tyson, 58, is set to fight Jake Paul, 27, at Dallas' AT&T stadium on Friday. Paul, meanwhile, trains up to six times a week and eats whole foods. Mike Tyson, 58, is preparing to fight Jake Paul, 27, on Friday at 8pm Eastern Time at Dallas' AT&T stadium. Tyson quit being veganWhile Tyson used to be a vegan, he now enjoys eating meat when training for a fight, he told Van Susteren. Jake Paul eats luxury proteinTyson's opponent, Jake Paul, has been training hard too.
Persons: Mike Tyson, Jake Paul, Paul, Tyson, Kevin McBride, he's, Friday's, I've, Stephen McCarthy, Greta Van Susteren, It's, bodyweight, Van Susteren, Paul meditates Organizations: Dallas, Paul, Netflix, Getty, Health
This past week saw several pure-play space stocks rally, with leaders up as much as 20% or more, in part driven by what sector analysts said is a "Trump-Elon trade," a nod to the relationship between President-elect Donald Trump and SpaceX CEO Elon Musk. Just this week saw Rocket Lab up 41%, Intuitive Machines up 28%, Spire Global up 26%, Planet Labs up 16%, Redwire up 15% and AST SpaceMobile up 10%. But there's a broader market sentiment that's driving these stocks too, said Cantor Fitzgerald analyst Andres Sheppard, who has buy ratings on Rocket Lab, Redwire and Intuitive Machines. "I think there's definitely a risk-on, post-Trump-win rally that's being reflected in this industry," Sheppard told CNBC. Back out even further to take a year-to-date perspective, and this week's top-performing space stocks have broken out of a post-SPAC malaise to triple or even quadruple in 2024.
Persons: Donald Trump, Elon Musk, Andrew Chanin, Cantor Fitzgerald, Andres Sheppard, Sheppard, inbounds, We're Organizations: Trump, Elon, SpaceX, CNBC, Planet Labs Locations: U.S
download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . You can opt-out at any time by visiting our Preferences page or by clicking "unsubscribe" at the bottom of the email. In today's big story, Disney reported strong earnings and has a bright outlook on the future, but it doesn't want to discuss politics . The big storyLet's not talk politicsBob Iger, CEO of Disney Charley Gallay/Getty ImagesWhen it comes to Donald Trump, Disney is taking a page from its famous mascot and being as quiet as a mouse. But the king of streaming — Netflix — seems unstoppable , and it's threatening a space that Disney's ESPN previously had a stronghold: live sports.
Persons: , it's, Bob Iger, Disney Charley Gallay, Donald Trump, didn't, Iger, we've, Minnie Mouse, Iger's, BI's Lucia Moses, Ron DeSantis, Trump, Hulu —, Jake Paul, Mike Tyson, Michael Ostuni, Tyler Le, Fiona Carter, Goldman Sachs, Jerome Powell, it's Elon, Steve Schwarzman's, Sam Altman, Elon Musk, Tesla, Lina Khan's, Rebecca Zisser, Dan DeFrancesco, Grace Lett, Ella Hopkins, Hallam Bullock, Amanda Yen, Milan Sehmbi Organizations: Business, Service, Disney, Revenue, Trump, Walt Disney World, Anadolu, Getty, Disney's ABC, ESPN, Netflix, Federal Reserve, EV, Microsoft, Federal Trade Commission Locations: Asia, Hollywood, Florida, Blackstone, ChatGPT, New York, Chicago, London
AdvertisementHowever, BlackRock's Gargi Chaudhuri doesn't think President-elect Trump deserves all the credit for this astounding market rally. "Obviously, there have been some pretty sharp movements over the course of the last week," Chaudhuri told Business Insider. Corporate earnings growth is arguably the most compelling reason to stick with US stocks following what's been another outstanding performance this year. "One of the things that the equity market has done over and over again is continue to surprise us in terms of earnings growth," Chaudhuri said. AdvertisementWhere to invest in a rosy 2025Two sectors with abnormally strong earnings prospects are financials and industrials, Chaudhuri said.
Persons: BlackRock's Gargi Chaudhuri, , Donald Trump's, there's, BlackRock's Gargi Chaudhuri doesn't, Trump, Chaudhuri, They've, they're, " Chaudhuri Organizations: Service, BlackRock, Federal Reserve Locations: Americas
Burgers at McDonald's could soon involve fewer greenhouse gas emissions thanks to a new cattle feed. Sign up for our newsletter to get the latest on the culture & business of sustainability — delivered weekly to your inbox. McDonald's is working with seed company Syngenta and Lopez Foods, one of McDonald's meat suppliers, to feed cattle Syngenta's Enogen corn, the companies said in a statement on Thursday. Related Video How McDonald's is using data and its loyalty program to make new promotions like the adult Happy MealThat easy digestibility could mean fewer greenhouse gases, which contribute to global warming. McDonald's global sales were down during the company's third quarter as many consumers saved money by eating at home.
Persons: chow, Syngenta, Lopez, Enogen, McDonald's, It's, McDonald's Kendra Levine Organizations: Service, Mac, Lopez Foods, Environmental Protection Agency, Sustainability, McDonald's Locations: McDonald's
Oil dips on oversupply concerns, heads for weekly loss
  + stars: | 2024-11-15 | by ( ) www.cnbc.com   time to read: +2 min
Oil prices edged down early on Friday as oversupply concerns and demand worries stemming from a stronger dollar outweighed a steep draw in U.S. fuel stocks. ​Distillate stockpiles, which include diesel and heating oil, also fell unexpectedly by 1.4 million barrels, the data showed. Signs of stronger demand supported oil prices, ANZ analyst Daniel Hynes said. The Paris-based agency raised its 2024 demand growth forecast by 60,000 barrels per day to 920,000 bpd, and left its 2025 oil demand growth forecast little changed at 990,000 bpd. Also pressuring oil prices, the dollar surged on Thursday to a one-year high and headed for a fifth-straight daily gain fueled by higher yields and Donald Trump's presidential election victory in the United States.
Persons: Brent, Daniel Hynes, group's, Donald Trump's Organizations: Brent, . West Texas, Energy Information Administration, EIA, ANZ, International Energy Agency, Organization of, Petroleum, greenback Locations: Russia, U.S, Paris, China, India, United States
Bookings for Disney's first cruise in Asia open on Dec. 10, 2024, about a year ahead of the ship's maiden voyage, which is scheduled to depart Singapore in December 2025. Rates for a three-night cruise for two adults jump to $1,318 for an ocean-view room, and $1,438 for a room with a private verandah. The highest room category, a "Concierge" stateroom, which comes with extra services, is priced at $3,298 for two adults, according to the company's website. However, rates for kids or additional adults in the same room are significantly lower, according to the company's website. All in, a family of four who books a four-night journey in an ocean-view room can expect to pay about $2,876.
Organizations: Disney Locations: Asia, Singapore
President-elect Donald Trump selected Robert F. Kennedy Jr. to lead the Health and Human Services Department, the United States' top health agency. This cabinet appointment has created jitters among various healthcare stocks. I want to find a way to hedge my healthcare exposure and also capitalize on further potential downside in the lagging healthcare sector by using options in Health Care Select Sector SPDR ETF (XLV) . The trade I want to buy a put spread to express my short-term bearish view on healthcare. BEFORE MAKING ANY FINANCIAL DECISIONS, YOU SHOULD STRONGLY CONSIDER SEEKING ADVICE FROM YOUR OWN FINANCIAL OR INVESTMENT ADVISOR.
Persons: Donald Trump, Robert F, Kennedy Jr, SPDR, Eli Lily, UnitedHealthcare, Johnson Organizations: Health, Human Services Department, CNBC, NBC UNIVERSAL Locations: United States, crosshairs
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