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Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMistral CEO Arthur Mensch on AI tech race, open- vs. closed-source LLM and AI partnershipsMistral co-founder and CEO Arthur Mensch joins 'Squawk Box' to discuss the state of the AI tech race, the debate between open-source and closed-source large language models, AI partnerships, and more.
Persons: Arthur Mensch Organizations: Mistral
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailAirbnb CEO Brian Chesky on 2024 Olympics: This is the biggest event in Airbnb historyAirbnb co-founder and CEO Brian Chesky joins 'Squawk Box' to discuss the 2024 Paris Olympics, the rollout of Icons experience, Airbnb demand in Paris, summer travel demand outlook, and more.
Persons: Brian Chesky, Airbnb Locations: Paris
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via Email'Colossal amount' of capital in AI signals it may be the wrong architecture, says Robert McNameeRoger McNamee, Elevation Partners co-founder, joins 'Squawk on the Street' to discuss his take on the CNBC interview with Assistant Attorney General for Justice Department’s Antitrust Division Johnathan Kanter and his outlook on generative AI.
Persons: Robert McNamee Roger McNamee, Johnathan Kanter Organizations: Partners, CNBC, Justice Department’s Antitrust
'Big Short' traders say gold is one of their top longs
  + stars: | 2024-07-26 | by ( ) www.cnbc.com   time to read: 1 min
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via Email'Big Short' traders say gold is one of their top longsPorter Collins & Vincent Daniel, Seawolf Capital co-founders and Danny Moses join 'Fast Money' to talk the economy, markets, and more.
Persons: Porter Collins, Vincent Daniel, Danny Moses Organizations: Seawolf
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with Elevation Partners co-founder Roger McNameeRoger McNamee, Elevation Partners co-founder, joins 'Squawk on the Street' to discuss remarks from Assistant Attorney General for Justice Department’s antitrust division Johnathon Kanter, the upcoming presidential election, and more.
Persons: Roger McNamee Roger McNamee, Johnathon Kanter Organizations: Partners, Justice
download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Emhoff said that Vance's remarks show he doesn't appreciate the reality of a modern family. Emhoff's daughter, Ella Emhoff, and his ex-wife, Kerstin Emhoff, had already teed off on Vance over previously coming after their family. The Democrats are in complete disarray with the most unpopular Vice President in history as their party's nominee," Van Kirk said in a statement to Business Insider. I've got nothing against dogs," Vance told former Fox News anchor Megyn Kelly on her podcast.
Persons: , Doug Emhoff, Sen, JD Vance, Ohio, Vance, Kamala Harris, Jennifer Aniston, Emhoff, Preet Bharara, Kirsten, Ella, Ella Emhoff, Kerstin Emhoff, Cole, Harris, Kamala, Doug, Taylor Van Kirk, Van Kirk, they've, Tucker Carlson, Emhoff's, I've, Megyn Kelly, Donald Trump Organizations: Service, Business, CNN, Senate, Democratic, Fox News, Democratic Party, Republican Party
He needed to practice Iyengar yoga: a style that focuses on alignment. There, he came to know the father of Mahesh Bhupathi, one of India’s most successful players and a Grand Slam doubles champion. Polamarasetty told Bopanna that his knee wasn’t his problem. The kismet of Iyengar might have saved his knees, but none of the rest — the first Grand Slam title, the being doubles world No. Bopanna’s partner, Matwe Middelkoop, wanted to play with another Dutchman to better prepare for the Olympics and Davis Cup.
Persons: Rohan Bopanna’s, He’d, Matthew Ebden, Bopanna, Sriram Balaji, Fabien Reboul, Edouard Roger, Vasselin, Elsa, Getty, ” Bopanna, Rohan Bopanna, Bill Gates, Paul Allen, didn’t, Mohan Polamarasetty, Jaya, Polamarasetty, Iyengar, Mohan, , , Bopanna’s, Clive Brunskill, Mahesh Bhupathi, Bhupathi, Boppanna, Haq Qureshi, Qureshi, Matthew Stockman, Prince Albert in, “ It’s, ” Polmarasetty, Max Purcell, Matwe Middelkoop, Ebden, Scott Davidoff, Supriya, Tridha, ” Davidoff, William West, Daniel Goldfarb, Shi Tang, Daniel Pockett Getty Organizations: All England Club, Olympics, Microsoft, University of Washington, Iyengar, Google, Jaya, Aisam, Getty, Pak Express, U.S ., Peace, Davis, Getty Images Locations: India, Coorg, Bangalore —, Bangalore, Pune, Chennai, Pakistan, South Asia, Prince Albert in Monaco, Australia, AFP
If you ask Zaslav, though, the reason Roberts and other potential buyers of media assets aren't interested is because the government has scared them away. Or, perhaps, legacy media companies are simply undesirable assets to own. He extended the life of his previous company, Discovery Communications — and probably his own tenure running a media company — by merging it with AT&T's WarnerMedia in 2022. Without a deal, Discovery would have wallowed as a subscale content provider and owner of declining cable networks. Discovery with another legacy media company, such as Paramount Global , Fox or Disney , or NBCUniversal, if it were spun off from Comcast.
Persons: David Zaslav, David Grogan, Brian Roberts, " Roberts, Comcast's, Roberts, Zaslav, Shari Redstone, Rob Kindler, Paul, Weiss, they've, Kindler, haven't, Morgan Stanley's, Donald Trump's, There's, Joe Biden's, Simon, Simon & Schuster, JD Vance, Lina Khan's, Lina Khan, Biden, Vance, Kamala Harris Organizations: Allen & Company Sun Valley Conference, CNBC Comcast, Warner Bros, Discovery, Allen & Co, Sun, Paramount, Skydance Media, CNBC Redstone, Starz, AMC Networks, Vice Media, Discovery Communications, NBA, Apple, Paramount Global, Fox, Disney, Comcast, CNBC, Google, Scripps Networks Interactive, Time Warner, Scripps, Viacom, CBS, Sky, AMC, IFC, Sundance, Lionsgate, Media, Republican, Democratic, Donald Trump's Department of Justice, Simon &, Random, MGM, Federal Trade, & $ Locations: Sun Valley , Idaho, RemedyFest
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailExpect volatility ahead until mega cap tech rebalances, says Data Trek's Nick ColasNick Colas, Data Trek Research co-founder, joins 'Closing Bell' to discuss stocks, the recent pullback and his market outlook.
Persons: Nick Colas Nick Colas Organizations: Trek Research
On Friday, the tech-heavy S & P 500 and Nasdaq Composite ended the week with losses, down 0.8% and 2.1%, respectively. However, the bulk of Magnificent Seven results is set for release in the week ahead. As it is, all seven of the Magnificent Seven companies closed out the week with losses. FOMC meeting, July jobs report Elsewhere, investors will also be reviewing the latest Federal Reserve interest rate decision set for release on Wednesday. Traders will also get insight into the labor market next week, with the release of the July jobs report on Friday.
Persons: Russell, Ryan Grabinski, John Belton, Tesla, Belton, FactSet, Stanley Black, Decker, Lam, Kraft Heinz, Ingersoll Rand Organizations: Nasdaq, Dow Jones Industrial, Microsoft, Facebook, Apple, Nvidia, 2H, 3Q, Gabelli, Traders, Dallas Fed, Semiconductor, Nation Entertainment, Electronic Arts, Starbucks, Match Group, Caesars Entertainment, Corning, Howmet Aerospace, Procter, Gamble, Pfizer, Merck, Co, PayPal, ADP, Civilian Workers, Chicago PMI, MGM Resorts International, Allstate, Lam Research, eBay, Qualcomm, Western, Cruise Line Holdings, Hess, Boeing, Mobile, Marriott International, GE Healthcare Technologies, Generac Holdings, Mastercard, Labor, PMI, Manufacturing, Intel, Holdings, Motorola Solutions, Technology, Air Products, Chemicals, Jobs, Exxon Mobil, Chevron Locations: Chicago, Albemarle, Kellanova, Hershey, Moderna
The put is OTM because the strike price is below the spot price. Related storiesIf you have a bullish outlook on the IWM, you expect the share price to continue rising or at least not drop below the strike price. Picking the appropriate strike price is subjective and based on a trader's risk tolerance and the premium they're looking for. Tastylive, options chainSince options contracts are purchased in lots of 100, it could seem nerve-racking to think you may need to accept delivery of those shares. Worst-case scenario, you end up owning IWM shares at a cost below what you would have bought them for on the spot market, Dierking said.
Persons: Russell, Liz Dierking, Dierking, IWM, That's Organizations: Service, Nasdaq Locations: IWM
A question about the future of antitrustNews that Reid Hoffman, the billionaire LinkedIn co-founder and major Democratic donor, wants Vice President Kamala Harris, if she wins in November, to replace Lina Khan as chair of the F.T.C. Senator Bernie Sanders, independent of Vermont, called it “unacceptable,” and Tim Wu, the Columbia Law School professor and former Biden antitrust official, demanded that the Harris campaign return Hoffman’s donations. Khan is perhaps the most consequential regulator for business in the Biden administration, and her fate as F.T.C. chair underscores anxiety among Democrats about how Harris would approach antitrust policy should she become president. So Khan could be stripped of that role and replaced with a colleague, though that could be awkward.
Persons: Reid Hoffman, Kamala Harris, Lina Khan, Bernie Sanders, Tim Wu, Biden, Harris, Khan Organizations: LinkedIn, Democratic, Columbia Law School Locations: Vermont, United States
CNN —The NASA Perseverance rover may have found a pivotal clue that’s central to its mission on Mars: geological evidence that could suggest life existed on the red planet billions of years ago. “These spots are a big surprise,” said David Flannery, member of the NASA Perseverance science team and an astrobiologist at the Queensland University of Technology in Australia, in a statement. But the arrowhead-shaped specimen could help the Perseverance team unlock whether Mars was once a planet hospitable to life. Perseverance rover captured a 360-degree panorama of a region on Mars called “Bright Angel,” where a river flowed billions of years ago. Exploring Mars’ pastSince landing on Mars, Perseverance has crossed Jezero Crater and explored an ancient river delta in search of microfossils of past life.
Persons: , David Flannery, haven’t, Mars, “ We’re, Briony Horgan, we’ve, , Morgan Cable, MSSS “ We’ve, Ken Farley, it’s, Perseverance, Nicola Fox, Bill Nelson, ” Horgan, ” Farley Organizations: CNN, NASA, Queensland University of Technology, Purdue University, Chemicals, NASA’s Jet Propulsion Laboratory, JPL, Caltech, ASU, ” Cable, California Institute of Technology, MSSS Geologists, Science Locations: Australia, West Lafayette , Indiana, Mars, Pasadena , California, Cheyava, Pasadena, Neretva
Cybercriminals are increasingly targeting wealthy individuals, making cybersecurity concierges a new must-have for the rich and their families, including executives. While companies are spending heavily on cybersecurity, personal and home devices are generally less protected, making them easier to crack. And despite their sizeable assets and growing threat of cyberattacks, family offices and wealthy families don't think of themselves as targets because hackings are rarely publicized. JPMorgan Private Bank offers cybersecurity help to its ultra-high net worth clients, along with lifestyle and travel services. "I think one of the misconceptions is that — particularly for family offices — 'we're small and nobody notices us.'
Persons: Bill Roth, Jeff Bezos, Saudi Crown Prince Mohammed bin Salman, Lauren Sanchez, Bill Gates, Elon Musk, It's, Bobby Stover, Ernst & Young, They're, Anwar Visram, HardTarget, Ileana Van Der Linde, I've, Visram Organizations: Saudi Crown, Ernst &, JPMorgan, JPMorgan Private Bank, Asset, Wealth Management, CNBC Locations: WhatsApp, Tinder
New York CNN —LinkedIn co-founder Reid Hoffman is throwing his financial firepower behind Vice President Kamala Harris. Ohio Sen. JD Vance, the GOP nominee for vice president, is a fan. Harris campaign: No discussions on replacing KhanHoffman told CNN he “certainly” hasn’t directly pushed Harris to replace Khan. A Harris campaign aide told CNN that there have been “no policy discussions” about replacing Khan at the current time. That was a mistake,” Hoffman told CNN.
Persons: Reid Hoffman, Kamala Harris, Hoffman, CNN he’s, Harris, United States ’, Lina Khan, “ Lina Khan, ” Hoffman, Joe Biden, , Khan, , Bernie Sanders, Hoffman Khan, Sen, Mr, Hoffman ”, Massachusetts Sen, Elizabeth Warren, Khan . Ohio Sen, JD Vance, Vance, Biden, Khan Hoffman, hasn’t, Brian Fung, Douglas Farrar, Biden Harris, Harris team’s, ” Farrar, Farrar, “ Trump, Donald Trump, Trump, Steven Cheung, George Soros ”, Mark Cuban, Peter Thiel, Thiel, Arizona Sen, Mark Kelly, Josh Shapiro, Gretchen Whitmer, Gina Raimondo Organizations: New, New York CNN, LinkedIn, Biden, Harris, PAC, CNN, Federal Trade, Democratic, Microsoft, FTC, , Big Oil, Big Tech, Forward PAC, GOP, Republican, Activision Blizzard, Mattress, Trump, US Chamber of Commerce, Arizona Locations: New York, United States, America, Vermont, Massachusetts, Khan . Ohio, Pennsylvania, Michigan
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Lovevery's toys are inspired by the homemade ones Rolph made for her son, each designed to nurture a specific developmental milestone. Launching with a single productPrior to starting Lovevery, Rolph was a co-founder of organic baby food company Happy Family, which launched in 2005. Zach Voss | CNBC Make ItThe duo decided to start simple, focusing on a single product: a play gym. They spent nearly two years relying on $2 million in seed funding to develop Lovevery's play gym, finally launching it in 2017. Lovevery's first product, the Play Gym, launched in 2017.
Persons: Jessica Rolph, Roderick Morris, Rolph, Morris, She'd, Morris —, Zach Voss, Lovevery, we'll, Raffi Paul Organizations: Boise -, CNBC Locations: Boise, Boise - Idaho, Boise , Idaho, Asia
Up until now, Harris has been defined by working for President Joe Biden, arguably the most explicitly pro-Israel American president, even though his relationship with Benjamin Netanyahu has frayed. “President Biden brought to the White House a lifelong relationship with Bibi Netanyahu and a very mature history on the US-Israel relationship,” Murphy said. “The vice president has been a strong and longstanding supporter of Israel as a secure, democratic homeland for the Jewish people. “One can criticize specific policies of the government of Israel while still strongly supporting the state of Israel and the people of Israel. Soifer said she is satisfied that Harris remains committed to Israel — even after being read the indirect answer about whether the vice president considers herself a Zionist.
Persons: Kamala Harris, Harris, Joe Biden, Benjamin Netanyahu, Biden, Harris didn’t, she’s, Netanyahu, , Richard Haass, George W, , Israel —, hypotheticals, Donald Trump, Doug Emhoff, Kamala, that’s, ” Emhoff, Connecticut Sen, Chris Murphy, Bibi Netanyahu, ” Murphy, It’s, Israel, Harris ’, Dean Lieberman, Phil Gordon, Obama, Gordon, Antony Blinken, Jake Sullivan, She’ll, Harris –, Netanyahu –, Israel ’, Ritchie Torres, Trump, Abraham, Abbas Alawieh –, , ” Alawieh, , Israel ”, Ohio Sen, JD Vance, Jason Miller, Emhoff, He’s, Halie Soifer, Soifer Organizations: CNN, Israel American, Democratic, White, Foreign Relations, Bush’s State Department, Biden, Jewish Democratic Council of America, Jewish, Senate Intelligence, Israel, Council, , West Wing, New York Democrat, Iron, Michigan Democratic Party, Republican Jewish Coalition, Republican, Naval Locations: Israel, Saudi Arabia, Indiana, Connecticut, Israeli, United States, Iran, U.S, America, Gaza, North Carolina, Ohio, Jerusalem, California, Los Angeles
Trump, the Republican nominee for president, has raised more than $4 million from a mix of digital tokens, a campaign aide told CNBC. At least 19 donors contributed more than $2.15 million bitcoin to the committee, the filing shows. Brian Hughes, a Trump campaign aide, said that of the more than $4 million in crypto raised, most of it arrived in bitcoin. "While the Biden-Harris Administration stifles innovation with more regulation and higher taxes, President Trump is ready to encourage American leadership in this and other emerging technologies." Thus far, it appears the Trump campaign is mostly converting these contributions immediately to USDC and then liquidating the donations.
Persons: Donald J, Trump, Bill Pugliano, Donald Trump, Tyler, Cameron Winklevoss, Mike Belshe, Tyler Winklevoss, Eva Marie Uzcategui, he's, Marc Andreessen, Ben Horowitz, Brian Hughes, Kamala Harris, Hughes, Harris, shiba inu, Jesse Powell, Stuart Alderoty, Alderoty, David Sacks, Ryan Selkis, Sen, Elizabeth Warren, Warren, Ohio Sen, JD Vance, Vance Organizations: Van, Getty, NASHVILLE, Republican, CNBC, U.S, Trump, Republican National Committee, State Department, Gemini Trust, Bloomberg, Solana, Bitcoin, Music City Center, Democratic, Biden, Harris Administration, IRS, Libertarian National Convention, Ohio, Biden White, SEC Locations: Grand Rapids , Michigan, Tennessee, bitcoin, Miami , Florida, U.S, Nashville, San Francisco, USDC, Washington, Lago, Florida
However, one exchange-traded fund (ETF) has done just that, beating the S & P 500 index for five consecutive years. The JPMorgan US Research Enhanced Index Equity ETF has beaten the benchmark every year since 2019 and is also outperforming in 2024. However, it wasn't until 2018 that JPMorgan decided to marry this time-tested strategy with the increasingly popular ETF structure. For instance, JPMorgan's ETF is overweight Microsoft shares by 45 basis points compared to the weighting for the stock in the iShares Core S & P 500 ETF. This extensive coverage forms the backbone of the REI strategy, according to Grassi.
Persons: Piera Elisa Grassi, Raffaele Zingone, Grassi, REI, Berkshire, we've Organizations: JPMorgan US, Equity, London Stock Exchange, Borsa Italiana, Deutsche Borse, Six Swiss Exchange, JPMorgan Asset Management, JPMorgan, JPMorgan Global, Vanguard, Berkshire Hathaway, GE Aerospace, Asset Management, CNBC Locations: United States, U.S, Grassi, iShares
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe best way to tackle to this market is being more nimble and flexible, says KKR's Chris SheldonChris Sheldon, KKR partner and co-head of credit and markets, joins 'Squawk Box' to discuss the latest market trends, state of the credit market, and more.
Persons: Chris Sheldon Chris Sheldon Organizations: KKR
He believed Kurtz deserves credit for quickly engaging the media on Friday, apologizing, and promising solutions — even if social media users say the apology didn't come fast enough. The steps to take in a crisisGood crisis management can be boiled down to a few simple yet crucial steps, the two experts told BI. But as disruption from the CrowdStrike outage slowly lessens, many are still concerned by the in-built potential of technology-reliant systems crashing, bringing down all operations with them. Griffin said his company, which provides crisis management software, is now reviewing its plans and policies to prevent the kind of tech failure CrowdStrike experienced. "The bottom line is that crisis management is not a check the box; it is an evolution and requires continuous training, exercising, and learning to improve, especially as the nature of threats and types of incidents evolve."
Persons: , CrowdStrike, George Kurtz, Kurtz, Getty, Shawn Henry —, Sean Griffin, Griffin, Peer, it's Organizations: Service, Microsoft, Business, Windows, Madrid, Barajas, Europa Press, Disaster Tech
CNN —Ismael “El Mayo” Zambada, co-founder and alleged current leader of the Mexican Sinaloa drug cartel, is in US custody, according to a diplomatic source with direct knowledge of the case. Joaquin Guzman Lopez, son of cartel co-founder Joaquin “El Chapo” Guzman and another alleged leader of the cartel, is also in federal custody, said Attorney General Merrick Garland. The Sinaloa Cartel, named after the Mexican state where the gang was formed, is one of the most powerful drug-trafficking groups in the world, known for trafficking fentanyl, methamphetamine and heroin into the United States. The latest indictment against Zambada, one of the most notorious drug traffickers in Mexico’s history, was in February. It charged him with conspiring to manufacture and distribute a substance containing fentanyl, according to the US Justice Department.
Persons: CNN — Ismael “ El, CNN — Ismael “ El Mayo ” Zambada, Joaquin Guzman Lopez, Joaquin “ El Chapo ” Guzman, General Merrick Garland, ” Garland, Zambada Organizations: CNN, CNN — Ismael “ El Mayo ”, US Justice Department Locations: Mexican Sinaloa, Sinaloa, United States, Mexico
Body-camera footage released Monday showed the fatal police shooting of the 36-year-old Black woman who had called 911 for help. Here’s what you need to know about the George Floyd Justice in Policing Act, what happened to it and its chances of passing. The measure seeks to ban racial and religious profiling by law enforcement at the federal, state and local level. It would mandate an overhaul of a legal doctrine known as qualified immunity that critics claim shields law enforcement from accountability. But policing reforms have not been a priority in a Congress where House Republicans are in the majority.
Persons: Sonya Massey, George Floyd, White, Sean Grayson, Derek Chauvin, Floyd, Chauvin, Kamala Harris, it’s, , Maria Ponomarenko, Joe Biden, Harris, ” Harris, Biden, Sheila Jackson Lee –, , ” Ponomarenko, Massey, Grayson, , Jesus, ” Grayson, Craig Futterman, ” Futterman Organizations: CNN, George, George Floyd Justice, University of Texas, Austin, Democratic, Senate, Democrats, Texas Democratic, House Republicans, Republicans, , Illinois State Police, University of Chicago, Civil Rights, Clinic Locations: Illinois, Sangamon County, Springfield
Ismael “El Mayo” Zambada, 76, the alleged co-founder and leader of the powerful Sinaloa cartel, was arrested in El Paso, Texas, Thursday, Attorney General Merrick Garland said in a statement. Another alleged cartel leader, Joaquin Guzman Lopez, 38, was also arrested, he said. But Zambada didn’t know US investigators had exploited a rift in the Sinaloa cartel and Guzman Lopez was helping with Zambada’s capture, the official said. Ismael “El Mayo” Zambada, a historic leader of Mexico’s Sinaloa cartel, left, and Joaquín Guzmán López, a son of another infamous cartel leader, after they were arrested by US authorities in Texas, the US Justice Department said Thursday. “Ismael Mario Zambada Garcia is the long-time leader of the Zambada Garcia faction of the Sinaloa Cartel.
Persons: CNN —, Ismael “ El, General Merrick Garland, Joaquin Guzman Lopez, Guzman, Joaquin “ El Chapo ” Guzman, Zambada, Guzman Lopez, Ismael “ El Mayo ” Zambada, Guzmán, Rosa Icela Rodriguez, , ” Rodriguez, Andres Manuel Lopez Obrador’s, Rodriguez, Rodriquez, ” Garland, extraditions, “ Ismael Mario Zambada Garcia, Zambada Garcia, Christopher Wray, ” Wray, Anne Milgram, El, , Vicente Zambada Niebla, Chapo, “ El, “ El Mayo ” Zambada Organizations: CNN, Ismael “ El Mayo ” Zambada, FBI, Reuters, Ismael “ El Mayo ”, US Justice Department, US Department of State, AP, Mexico’s National Immigration Institute, Cessna, Justice Department, US State Department, Drug, Administration, , Sinaloa Cartel, Eastern, of, ” CNN, “ El Mayo ”, Police, Border Patrol Locations: Mexican, United States, Sinaloa, El Paso , Texas, Mexico, El Paso, Santa Teresa, , Mexico’s Sinaloa, Texas, Hermosillo, Illinois, Chicago, Guatemala, Brooklyn, of New York, Ciudad Juarez, American, Juarez, Columbus , New Mexico
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