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☆ Asian chip stocks slump as Nvidia's slowing revenue growth worries investors
▼ + stars: | 2024-11-21 | by ( Anniek Bao | In | ) www.cnbc.com time to read: +2 min

Justin Sullivan | Getty ImagesAsian semiconductor-related stocks mostly slumped on Thursday after Nvidia reported an earnings forecast that failed to meet the lofty expectations of some investors. The sentiment has spilled over to Asia, with stocks tied to Nvidia suppliers as well as other chip companies mostly falling. Selloff in AsiaSemiconductor testing equipment supplier Advantest , which counts Nvidia among its clients, dropped as much as 5.6% on Thursday, the largest chip loser on Japan's benchmark Nikkei 225. Taiwan Semiconductor Manufacturing Corp , which manufacturers Nvidia's high-performance graphics processing units, slipped as much as 1.5%. The company has been a key supplier to Nvidia and is building the world's largest manufacturing facility in Mexico for assembling Nvidia's GB200 superchips, a key component of its next-generation Blackwell family computing platform.

Persons: Justin Sullivan, Daniel Newman, CNBC's Organizations: Getty, Nvidia, Futurum, Asia Semiconductor, Nikkei, Advantest Corp, Softbank Group, Taiwan Semiconductor Manufacturing Corp, Hai Precision Industry, Blackwell, SK Hynix, Samsung Electronics Locations: Santa Clara , California, Asia, Selloff, Mexico, South Korea

Gautam Adani, India’s second-richest person, has been charged by U.S. federal prosecutors with fraud on accusations that he and several alleged co-conspirators sought to pay $250 million in alleged bribes to Indian officials. The defendants then “lied about the bribery scheme as they sought to raise capital from U.S. and international investors.”The scheme, according to prosecutors, occurred between 2020 and 2024. Gautam Adani, worth approximately $70 billion according to Forbes, heads the Adani Group, an industrial conglomerate that holds stakes in logistics and energy units. The findings from the short-seller, Hindenburg Research, caused Adani Group shares to tumble — but they ended up recovering following a favorable ruling related to the allegations by India’s Supreme Court. Adani has also received direct support from Indian Prime Minister Narendra Modi, something India’s opposition party has highlighted.

Persons: Gautam Adani, India’s, Attorney Breon Peace, “, Adani’s, Sagar, Forbes, Adani, Narendra Modi, ” Hindenburg, ” Organizations: Attorney’s, “, Attorney, Securities, Exchange Commission, Group, Adani, SEC, Green Energy Ltd, Hindenburg, Adani Group, India’s, Indian Locations: U.S, Brooklyn, United States

☆ Oppenheimer's top stock picks heading into year-end
▼ + stars: | 2024-11-20 | by ( Sean Conlon | ) www.cnbc.com time to read: +3 min

Meanwhile, the Dow Jones Industrial Average and the S & P 500 are each up more than 3% month to date. As November nears its close, Oppenheimer has updated its top stock ideas list. Its $145 price target reflects almost 22% upside from Tuesday's close. Oppenheimer believes medical technology company Transmedics is also due for a rally, as its $125 target reflects nearly 51% upside from Tuesday's close. TMDX YTD mountain TMDX, year-to-date For newly added Citigroup, Oppenheimer's $107 target implies more than 56% upside from Tuesday's close.

Persons: Stocks, Donald Trump's, Oppenheimer, Rob Lynch, Brian Bittner, Suraj Kalia Organizations: Oppenheimer, Nasdaq, Dow Jones Industrial, Citigroup, Oppenheimer's Locations: Instacart

☆ North Korea appears to be sending its powerful howitzers to the Ukraine war, where artillery has been king
▼ + stars: | 2024-11-20 | by ( Jake Epstein | ) www.businessinsider.com time to read: +5 min

AdvertisementNorth Korea appears to have transferred different types of artillery systems to Russia. The development comes as North Korean troops are fighting against Ukraine on behalf of Russia. North Korea appears to have sent its big guns to Russia, furthering its support of Moscow's grinding war against Ukraine, a conflict in which artillery has been a dominant player. AdvertisementImages began to surface on social media last week showing what were identified as North Korean "Koksan" 170mm self-propelled howitzers traveling by rail across Russia. North Korea now shipping artillery systems to Russia — this in addition to shells, men, and missiles it is already sending.

Persons: Kasapoğlu, ZHBemaVVXM, 3lOtCi13TO — Oliver Carroll, Chung Sung, it's, Joe Biden Organizations: Ukraine, Western, Hudson Institute, Korean, Center for Strategic, Studies ' Missile, Artillery Rocket Systems, US Defense Intelligence Agency, DIA, Getty, Artillery, North Korean, Kyiv's, NATO Locations: Korea, Russia, South Korea, North Korea, Ukraine, Korean, Pyongyang, Kyiv, Moscow, Seoul, Kursk

☆ A boomer built a $350K ADU in her backyard to grow old. It's also a win for her daughter, who moved into the main house.
▼ + stars: | 2024-11-20 | by ( Alcynna Lloyd | ) www.businessinsider.com time to read: +6 min

Meanwhile, her 34-year-old daughter lives in the 2,000-square-foot, three-bedroom, two-bathroom main house with her three-and-a-half-year-old daughter. The ADU was a win for mom, daughter, and granddaughterFor Wilder-Abrams, building an ADU in her backyard and having her daughter move into the main house was much more affordable than purchasing a new home in Oakland. Courtesy of Christine Wilder-AbramsConstruction on Wilder-Abrams' ADU began in 2021. By May 2022, her daughter had moved into the main house, and she had settled into the ADU. To finance the construction of the ADU, Wilder-Abrams took out a second mortgage on her home, as the original mortgage had been paid off years earlier.

Persons: Christine Wilder, Abrams, Wilder, Zillow, Thomas Winz, ADUs, ADU Wilder, it'll, ADU, Everybody's, wasn't, it's Organizations: Wilder Locations: California, Oakland , California, Wilder, Oakland, Oakland , Orange County

☆ Nvidia's earnings cleared our lofty bar. Here’s our new price target on the AI chip king
▼ + stars: | 2024-11-20 | by ( Zev Fima | ) www.cnbc.com time to read: +11 min

Simply put, the leading maker of AI chips again fell victim to the curse of high expectations. Through its Nvidia AI Enterprise service, Nvidia is in the process of building out a potentially massive software business. Now, as we start this next generation, we'll be seeing models run on 100,000 Blackwell chips — and scaling is still in effect. Huang's argument is that going beyond 100,000 Blackwell chips will yield even more capable models. It's a fair question to ask because Nvidia's stock has historically taken a pretty big hit when its customers – such as cloud-computing providers – start uttering that phrase.

Persons: That's, Nvidia's, Blackwell, Colette Kress, Hopper, Kress, Jensen Huang, Huang, there's, Jim Cramer's, Jim Cramer, Jim, Akio Kon Organizations: Nvidia, Revenue, Enterprise, Devices, Intel, Hopper, Blackwell, Microsoft, Meta, CNBC, Nvidia Corp, Summit Japan, Bloomberg, Getty Locations: U.S, Tokyo, Japan

☆ I'm a full-time traveler. I use these 5 to spot red flags in any vacation rental listing.
▼ + stars: | 2024-11-20 | by ( Tammy Barr | ) www.businessinsider.com time to read: +1 min

AdvertisementI've learned to spot red flags while booking a lot of vacation rentals online during my travels. I'm skeptical of listings with photos that use wide-angle lenses to make spaces look bigger. A never-ending vacation may sound relaxing but it means I'm always looking for my next accommodation and hoping it's good. I've stayed in gorgeous farmhouse lofts, high-rise city apartments, and desert hideaways — but I've also booked a few duds along the way. Here are five questions I use to spot red flags when booking lodging, no matter which website or app I use.

Persons: I've, I'm

☆ Russia says Ukraine attacked it using U.S.-made missiles, signals it's ready for nuclear response
▼ + stars: | 2024-11-19 | by ( Holly Ellyatt | ) www.cnbc.com time to read: +4 min

watch nowMoscow signaled to the West that it's ready for a nuclear confrontation after Ukraine was given permission to attack Russian territory — and appeared to quickly act on that greenlight — using U.S.-made long-range missiles. Ukrainian news outlets reported early Tuesday that the missiles had been used to attack a Russian military facility in the Bryansk border region. The Kremlin has repeatedly warned the West against allowing Ukraine to use its long-range weapons to attack Russia directly. Moscow upped the ante Tuesday as Russian President Vladimir Putin signed a decree approving its updated nuclear doctrine, shifting the parameters on when Russia can use nuclear weapons. "Aggression against the Russian Federation by any non-nuclear state with the participation or support of a nuclear state is considered a joint attack."

Persons: Vladimir Putin, it's, Dmitry Peskov, Peskov Organizations: Washington Sunday, Ministry of Defense, CNBC, Kyiv Post, Kremlin's, Russian Federation, Civil Defense, Emergencies, Russia's Emergencies Ministry Locations: Moscow, Ukraine, Russian, Bryansk, Russia, Belarus, Republic of Belarus

☆ Nvidia's Blackwell cooling issues were resolved months ago, chip experts say
▼ + stars: | 2024-11-19 | by ( Emma Cosgrove | ) www.businessinsider.com time to read: +6 min

AdvertisementNvidia's Blackwell chip presents cooling challenges for customers. First, there were chip design issues, which CEO Jensen Huang has since said are fully resolved. "I think the overheating issues have been present for months and they have largely been addressed," Patel told Insider. AdvertisementIn addition to engineering and operational challenges, liquid cooling at scale brings with it a list of environmental concerns. Despite the hard work and environmental strain, of converting to liquid cooling, the incentives are strong.

Persons: Nvidia's Blackwell, Blackwell, Jensen Huang, Dylan Patel, Patel, Meta, Eugene Kim, Semianalysis, Huang Organizations: Nvidia, Blackwell, Semianalysis, BI, Amazon Locations: Semianalysis, Blackwell

☆ Xiaomi's SU7, the EV that has US auto bosses talking, is smashing sales targets
▼ + stars: | 2024-11-19 | by ( Tom Carter | ) www.businessinsider.com time to read: +2 min

The SU7 EV has proven a hit in China, and even attracted praise from Ford CEO Jim Farley. The tech giant said it surpassed its 100,000 annual sales target for the SU7 by November. Xiaomi's SU7 has got the whole auto world talking, and the smart EV is flying off the shelves in China, passing its annual sales goal with over a month to spare. AdvertisementElon Musk's company reported slipping sales in China in October, even as rivals like BYD, Xpeng, and Zeekr tout booming sales. Xiaomi's smartphone business, meanwhile, grew by 3.1% in the third quarter of 2024, slightly behind Apple's estimated 3.5% growth in the same period.

Persons: Jim Farley, Xiaomi's SU7, Xiaomi Organizations: Apple, Revenue, EV, Ford, Elon Musk's, Business Locations: China

☆ 7 U.S. cities where you need to earn more than 4 times the minimum wage to comfortably afford rent
▼ + stars: | 2024-11-19 | by ( Cheyenne Devon | ) www.cnbc.com time to read: +1 min

However, that's not feasible for workers earning the minimum wage in many large U.S. cities, according to a recent Clever Real Estate report. In seven major cities, you'd need to earn more than quadruple the federal minimum wage of $7.25 to afford the fair market rent without spending more than 30% of your income on housing or working a second job, Clever found. To determine the minimum wage needed to afford a fair market priced rental in the 50 largest U.S. metros, the report analyzed wage and housing data from a variety of sources, including the U.S. Department of Labor and the Department of Housing and Urban Development. Clever follows HUD's definition of fair market rent, which is the price at which 60% of similar units in the area rent for more than the listed amount and 40% rent for less. Here are seven major U.S. metros where workers would need to make quadruple the minimum wage in order to comfortably afford rent, according to Clever Real Estate.

Persons: Clever Organizations: U.S, metros, U.S . Department of Labor, Department of Housing, Urban Locations: U.S

Empty lot Grand Ave. Dean St. Project site Pacific St. The Upper West Side project was recommended for approval while the Crown Heights project wasn’t. The Upper West Side project was recommended for approval while the Crown Heights project wasn’t. The Upper West Side project was recommended for approval while the Crown Heights project wasn’t. City Council vote Here’s where things ended for the Crown Heights project, which was rejected by the council member from the area.

Persons: Nadine Oelsner, Dean St, Aviles, Booker T, Booker, Oelsner, It’s, Crystal Hudson, Oelsner’s, Hudson, Mark Levine Organizations: New York, West, Street Manhattan Queens, Street Brooklyn Staten, Street Brooklyn, . Census, Crown, Census, 108th, Google, West Side Federation for Senior, 109th St, St, Washington, Washington Middle School, Washington Middle, Side Federation for Senior, Budget Commission, Manufacturing, Fulton St, Vanderbilt, ., Plaza Manufacturing, Army Plaza Lafayette, Army Plaza Lafayette Ave . Manufacturing, , New York City Department of City Planning, Riverside Park, Broadway, St ., St . West 108th St, , New York City Department of, HSN, Pontiac, West Side, West Side Federation, City Planning Department Locations: New, United States, Crown Heights, Brooklyn, Manhattan, Westchester County, Long, New York City, Street Brooklyn Staten, Prospect, Crown, U.S, Park, Riverside, Phoenix, Atlanta, City, St, Fulton, Ave, Vanderbilt Ave, Franklin, Army Plaza Lafayette Ave, , New, St . West, Amsterdam, Heights

☆ Elon Musk and Vivek Ramaswamy want to 'delete' parts of the US government. It won't be easy.
▼ + stars: | 2024-11-19 | by ( Alice Tecotzky | John L. Dorman | ) www.businessinsider.com time to read: +7 min

AdvertisementElon Musk and Vivek Ramaswamy are set to co-lead the DOGE in President-elect Trump's second term. In their roles as co-leaders of the forthcoming Department of Government Efficiency, Elon Musk and Vivek Ramaswamy have vowed to "delete" government agencies, much like a line of code. "Or does it mean that a different federal agency will assume the responsibilities of collecting income taxes?" Allison Robbert-Pool/Getty Images"The president can't 'delete' departments — or even almost all of government's subunits. Kettl said that any effort to delete the functions of a department is "an even bigger battle" than trying to delete a department itself.

Persons: Elon Musk, Vivek Ramaswamy, Trump's, Ron DeSantis, Kevin Kosar, DOGE's, Ramaswamy, Donald Trump, Mordecai Lee, aren't, haven't, Kosar, Allison Robbert, Donald Kettl, Elaine Kamarck, Bill Clinton, Kamarck, Kettl, Lee, they've, nix, it's Organizations: Republicans, of Government Efficiency, Elon, Florida Gov, American Enterprise Institute, Fox News, Internal Revenue Service, Federal Bureau of Investigations, Alcohol, Firearms, Tobacco, Department of Education, University of Wisconsin -, Trump, Republican, University of Maryland, Brookings Institute, of Education, Farmers, of Agriculture, USDA, Conservative Locations: Florida, University of Wisconsin - Milwaukee

☆ Xiaomi Q3 revenue soars 30.5% as sales of its first electric car surge
▼ + stars: | 2024-11-18 | by ( ) www.cnbc.com time to read: +1 min

GUANGZHOU, CHINA - NOVEMBER 15, 2024 - Visitors view a Xiaomi SU7 Ultra new energy vehicle at 2024 Guangzhou Auto Show in Guangzhou, South China's Guangdong province, Nov 15, 2024. Revenue came in at 92.5 billion yuan ($12.77 billion) for the quarter ended Sept. 30, beating an LSEG consensus estimate from 15 analysts of 91.1 billion yuan. The unit reported an adjusted loss of 1.5 billion yuan for the quarter, with a gross profit margin of 17.1%. During the quarter, Xiaomi maintained its position as the world's third-largest smartphone maker with shipments of 42.8 million units, up 3% and capturing 14% of the market, according to research firm Canalys. Xiaomi reported adjusted net profit climbed 4.4% to 6.25 billion yuan, versus a consensus estimate of 5.92 billion yuan.

Persons: Xiaomi Corp, Xiaomi Organizations: Show, Publishing, Getty Images, Xiaomi, Porsche, China EV, Revenue, Huatai Securities Locations: GUANGZHOU, CHINA, Guangzhou, South China's Guangdong, China

☆ College dropout got fired, spent $300 from his last paycheck to start a business—now it brings in $4 million a year
▼ + stars: | 2024-11-18 | by ( Alex Koller | ) www.cnbc.com time to read: +1 min

Darien Craig and Brandon Echols have known each other since they were 6 years old in small-town Hayden, Alabama. They attended the same high school and even dropped out of college in tandem, they said on Friday's episode of ABC's "Shark Tank." Craig and Echols co-own Y'all Sweet Tea, which Craig founded in 2021 — after getting fired from his previous job, he wrote on his company's website. "The week I got fired, I had $7 to my name," wrote Craig. Y'all sells its tea direct-to-consumer and in roughly 600 grocery store locations, mostly across the southeastern United States, Echols said on "Shark Tank."

Persons: Darien Craig, Brandon Echols, Craig, Echols, Georgia, Kevin O'Leary, Barbara Corcoran chimed, Mark Cuban Locations: Hayden , Alabama, United States

☆ 4 ways Trump's housing plans are expected to hurt homebuyers and 3 ways they could help
▼ + stars: | 2024-11-17 | by ( Eliza Relman | ) www.businessinsider.com time to read: +8 min

AdvertisementHigh housing costs, driven in large part by a shortage of homes, are keeping inflation sticky. Economists say Trump's proposals are a mixed bag; some could help housing costs and some could hurt. Ultimately, housing policy experts and industry leaders say housing costs will largely depend on how much new supply can be delivered to the market, which is suffering from a severe shortage of homes. Federal housing assistanceDuring his first term, Trump repeatedly proposed major cuts to housing assistance for households with low incomes or members with disabilities. This would make it harder for lower-income Americans to afford homes and slow down affordable housing construction.

Persons: Trump, Donald Trump, Karoline Leavitt, Vance, Jim Tobin, Tobin, Maurice Page, JD Vance, they're, Anirban Basu, Biden, Ben Metcalf, Metcalf Organizations: Federal Reserve, Trump, National Association of Home Builders, Biden, Administration, Nevada Housing Coalition, Business, Energy, Associated Builders and Contractors, Economic, of New, Reserve, UC Berkeley, Immigrants, Republican Locations: Nevada , Arizona, Utah, of New York, China

☆ The hidden dangers of parabolic stock moves — and how to best handle them
▼ + stars: | 2024-11-17 | by ( Jim Cramer | ) www.cnbc.com time to read: +12 min

People always ask me why I dislike parabolic moves. In other words, parabolic moves force you to be a trader. I will fight no one who wants to buy Palantir because I sense that one will be the last name to go down. But parabolic moves are intoxicating. If we just had the 10-year bond move to 5%, I wouldn't even bother addressing the hidden dangers behind parabolic moves.

Persons: —, it's, Nvidia disappoints, Elon Musk, Robert F, Kennedy Jr, that's, Buffett, Warren, didn't, Fox, Richard Nixon, there's, Jim Cramer's, Jim Cramer, Jim, Alex Karp, Stefani Reynolds Organizations: York Stock Exchange, Nvidia, GameStop, SpaceX, RFK Jr, Health, Human Services Department, Apple, Amazon, Fox News, Republicans, Justice Department, Nuclear ETF, Jim Cramer's Charitable, CNBC, U.S, Senate, Intelligence, Capitol, Washington , D.C, Afp, Getty Locations: There's, Washington, Washington ,

I’m tripping over their bodies,” said Sydney Seiler, the U.S. national intelligence officer for North Korea from 2020 to 2023. “Kim Jong Un is selling North Korean soldiers as cannon fodder mercenaries,” South Korean Defense Minister Kim Yong-hyun said last month. It’s an entirely new environment for the North Korean soldiers, who live in one of the most isolated and repressive countries in the world. The Russian military is teaching the North Korean soldiers about 100 key military terms, but “North Koreans are having a difficult time learning Russian,” South Korean lawmakers Lee Sung-kwon and Park Sun-won said last month. North Korean soldiers’ inexperience could be another point of friction and a major factor in how they are deployed.

Persons: Kim Jong Un, Vladimir Putin, Putin, ”, Sydney Seiler, Seiler, Gavriil, Joe Biden, Yoon Suk Yeol, Shigeru Ishiba, Kim, “ Kim Jong, Kim Yong, hyun, John Hardie, Lee Sung, Bruce Bennett, ” Hardie, Bennett, ” Bennett, Edward Howell, “, ” Howell, Stella Kim Organizations: Ukraine, North, NBC News, U.S, The State Department, Korea’s National Intelligence Service, NBC, Center for Strategic, International Studies, Getty Images, Economic Cooperation, South Korean Defense, Pentagon, Politico, South Korea’s National Intelligence Service, North Korean, South Korean National Intelligence Service, AFP, Getty, Korean, Battalion, Russian Ministry of Defense, Foundation for Defense of Democracies, South, Sun, Rand Corp . Communication, Chatham House Locations: SEOUL, South Korea, Ukraine, Moscow, Russia, U.S, North Korea, Russian, Kursk, Korean, Korea, Washington, Pyongyang, Getty Images North Korea, South, Asia, Lima , Peru, The U.S, California, Ukrainian, London, Seoul, Hong Kong

☆ An expert in the risks of alcohol drank heavily for years. His 'dry by default' rule helped him drink less, lose weight, and live a fuller life.
▼ + stars: | 2024-11-16 | by ( Serafina Kenny | ) www.businessinsider.com time to read: +4 min

Alcohol harm expert Richard Piper used to drink heavily. His 'dry by default' rule helped him reduce the risks of drinking without going sober. Being "dry by default" means Piper will drink on rare occasions rather than most days, for example when non-alcoholic alternative to a beer he likes isn't available. Advertisement"There is no such thing as healthy drinking," Piper said. AdvertisementDrinking doesn't only bring health risks.

Persons: Richard Piper, Piper, Zers, Gallop, Niall Carson Organizations: Gallup, Getty Images Research, European, of Public Health, European Union, US Department of Health, Human Services

“We know they can do it.”More than 300,000 women served tours of duty in Iraq and Afghanistan, Manning said. More than 9,000 women received Army Combat Action Badges for “actively engaging or being engaged by the enemy,” according to a 2015 report by the nonpartisan Congressional Research Service. Two were given a Silver Star, the third-highest military combat decoration, for “gallantry in action,” the report said. Manning said another 383 women were awarded a Purple Heart — the nation’s oldest military award, which recognizes sacrifice and heroism. “To cast this wide net and say women shouldn’t serve in combat — well, guess what?

Persons: Pete Hegseth, Donald Trump’s, ”, hasn’t, ” Hegseth, Shawn Ryan, Ben Shapiro, “ I’m, Ash Carter, Shapiro, “ shouldn’t, Lory Manning, Manning, “, Allison Jaslow, Jaslow, ” Jaslow, Trump, Hegseth, Steven Cheung, Trump’s, Sen, Tammy Duckworth, ” Duckworth, Raquel Durden, shouldn’t Organizations: U.S, Army, NBC News, Fox News, Pentagon, Army Rangers, Green Berets, Navy, Marine Corps, Air Force, ”, Defense Department, Service, Congressional Research Service, Star, Afghanistan Veterans, Army’s Ranger, Republican, Army National Guard, CNN Locations: U.S, America, Iraq, Afghanistan, California, Guantánamo Bay, Cuba

This article is part of “Dealing the Dead,” a series investigating the use of unclaimed bodies for medical research. State regulators have ordered a Texas medical school to immediately halt its practice of liquefying bodies after using them for training and research. The University of North Texas Health Science Center said in 2020 that it would renovate a Fort Worth anatomy facility, including installing two alkaline hydrolysis units. The University of North Texas Health and Science Center stopped using unclaimed bodies following NBC News' reporting. Dallas and Tarrant county officials did not immediately respond to questions about whether they agreed to allow the Health Science Center to liquefy unclaimed bodies.

Persons: It’s, Dr, Sylvia Trent, Adams, Shelby Tauber, Andy North, Shelby Tauber Eli Shupe, ” Shupe, Critics, Shupe, “, it’s, ” Organizations: NBC News, Texas, Service Commission, University of North Texas Health Science, Health Science, The University of North Texas Health Science Center, Commission, Health Science Center, Army, University of North Texas Health, Science Center, NBC, Dallas, University of Texas, Texas Legislature, Texas Catholic Conference of Bishops Locations: Texas, Fort Worth, Worth, Tarrant, Dallas, Tarrant County, Arlington

☆ Urban areas are getting hotter. A startup from one of the world’s hottest cities wants to help
▼ + stars: | 2024-11-15 | by ( Amy Gunia | ) edition.cnn.com time to read: +7 min

The urban heat island effect means that city temperatures can be several degrees higher than nearby rural regions. But detailed information about urban temperatures is scarce. Today, his company FortyGuard is focused on leveraging data and artificial intelligence (AI) technology to provide a detailed view of urban temperature dynamics. Ren said what’s most important about urban heat information is how it will be used. “The question is really, who will be the end user of your data, and who will put such urban heat information into their practices?” she says.

Persons: Jay Sadiq, Sadiq couldn’t, Smith, ”, James Voogt, Chao Ren, Sadiq, ” Sadiq, Brandon Bell, Zillow, Ren Organizations: CNN, University of Western, University of Hong, United Arab, Google Locations: Chicago, Los Angeles, Abu Dhabi, Lafayette Reservoir , California, University of Western Ontario, Hong Kong, University of Hong Kong, San Jose , California, Phoenix , Arizona, Masdar City, United Arab Emirates

☆ Trump's plan to build more homes on federal land could push prices higher, UBS says
▼ + stars: | 2024-11-15 | by ( Kelly Cloonan | ) www.businessinsider.com time to read: +5 min

Trump's plan to transform federal land into housing will be costly, given minimal existing infrastructure, UBS says. Those policies, plus a set of potentially inflationary proposals, could drive up both home prices and mortgage rates, they say. Trump's plan to transform federal land into more housing seems particularly challenged, the analysts say. The higher rates will likely continue the housing lock-in effect, where existing homeowners prefer to remain locked in at their current lower rates. In prepared remarks on Thursday, Fed Chair Jerome Powell said the US is in no hurry to cut rates, signaling that mortgage rates could stay higher for longer.

Persons: —, Donald Trump's, homeownership, Trump, JD Vance, Vance, homebuyers, Jerome Powell Organizations: UBS, Service, Builders

☆ Alibaba shares rise 5% in premarket after Chinese tech giant posts 58% jump in profit
▼ + stars: | 2024-11-15 | by ( Ruxandra Iordache | ) www.cnbc.com time to read: +2 min

Alibaba said net income rose 58% year-on-year to 43.9 billion Chinese yuan ($6.07 billion) in the company's quarter ending Sept. 30, on the back of the performance of its equity investments. This compared with a LSEG outlook of 25.83 billion yuan. Revenue, meanwhile, came in at 236.5 billion yuan, 5% higher year-on-year but below an analyst forecast of 238.9 billion yuan, according to LSEG data. Investors are closely watching the performance of Alibaba's main business units, Taobao and Tmall Group, which reported a 1% annual uptick in revenue to 98.99 billion yuan in the September quarter. The e-commerce giant's overseas online shopping businesses, such as Lazada and Aliexpress, meanwhile posted a 29% year-on-year hike in sales to 31.67 billion yuan.

Persons: Alibaba, — Organizations: Tmall, ING Locations: York, London, Beijing

☆ Citi says this Korean stock is a 'unique' beneficiary of Nvidia's new AI chip, giving it 40% upside
▼ + stars: | 2024-11-15 | by ( Ganesh Rao | ) www.cnbc.com time to read: +2 min

Nvidia's next-generation artificial intelligence chip Blackwell is in hot demand from companies like OpenAI, Microsoft , Meta and other firms building AI data centers to power products like ChatGPT and Copilot. Doosan's CCLs are manufactured by Doosan Electronics, a subsidiary that accounts for over 70% of the corporation's revenue. The bank's analysts believe this estimate could be conservative, noting the increased CCL content per Blackwell chip, which could translate into a much higher total addressable market than previously estimated. Doosan's stock has already shown strong performance, rising nearly 150% this year and almost tripling in value over the past year. The company is currently valued at about $2.5 billion on the Korean stock exchange.

Persons: Nvidia's, Blackwell, Nvidia's Blackwell, Josh Yang, Schwab, — CNBC's Michael Bloom, CJ Haddad Organizations: Citi, Doosan Corporation, Nvidia, Doosan, Korean, Blackwell, Microsoft, Meta, CCL, Nvidia Blackwell, Doosan Electronics, Co, RAFI Locations: Korea, Korea's

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