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Markets: The S & P 500 is on pace for another record close and its sixth straight positive week. Financials also continued their strong run this week thanks to strong earnings from banks such as Club holding Morgan Stanley and other financial services companies. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.
Persons: Jim Cramer, hasn't, Financials, Morgan Stanley, Danaher, we'll, Jim Cramer's, Jim Organizations: CNBC, ., ASML Holdings, Taiwan Semiconductor Manufacturing Company, Nvidia, bellwether, Abbott Laboratories, UBS, Mizuho, . Energy, Texas, OPEC, International Energy Agency, Coterra Energy, Dow Jones, Dover, Honeywell, Jim Cramer's Charitable
The Israeli military said Thursday it is "checking the possibility" that Hamas leader Yahya Sinwar, accused of being the architect of the Oct. 7 terror attack, was among three militants killed in Gaza during its operations in the enclave. If Sinwar is indeed dead, his killing would be a major coup for Israel and its war in the Gaza Strip. A senior Israeli official told NBC News that troops identified Sinwar as probably being among three militants killed during a "heavy gun battle" in Gaza on Wednesday. Ali Jadallah / Anadolu Agency via Getty Images fileU.S. officials have been in close contact with Israeli officials throughout the morning on all of this, one of the U.S. officials said. They did not expand on how they were killed, but said they were investigating whether one of the three was Sinwar.
Persons: Yahya Sinwar, Sinwar, Ismail Haniyeh, Ali Jadallah, Shin Bet, , Yoav Gallant, John Kirby, Frank Lowenstein, Barack Obama, Haniyeh, Masoud Pezeshkian, Israel Katz, Mohammed Al, Deif, Marwan Issa, Avichay Adraee, Basem Naim, Hamas ’, ” Sinwar, Gilad Shalit, Thomas Hand, Emily Hand Organizations: Hamas, Israeli, NBC News, Anadolu Agency, Getty, Israel Defense Forces, Israel Security Agency, IDF, National Security, NBC, Israeli Foreign, ISIS, Wall Street, European Council, Foreign Relations, Israel Locations: Gaza, Israel, Gaza City, U.S, Tehran, Iran
Sunday’s NFC North tilt between the 5-0 Minnesota Vikings and the 4-1 Detroit Lions won’t be only a matchup for divisional supremacy or a possible playoff preview. With no competition at quarterback, Goff took advantage in 2022. Quarterback Sam Darnold of the Minnesota Vikings. With the Vikings, though, Darnold has posted the best passer rating and quarterback rating of his career so far. (Forget only the division, the Lions will enter this matchup as a Super Bowl contender.)
Persons: Jared Goff, Sam Darnold, Goff, J.J . McCarthy, McCarthy, Albert Breer, Dan Campbell, Kevin Clark, Matthew, Stafford, Goff —, , Sean McVay, Goff wasn’t, Justin Fields, Mac Jones, Kenny Pickett, Stephen Maturen, Darnold, Darnold hasn’t Organizations: Minnesota Vikings, Detroit Lions, Los Angeles Rams, New York Jets, Lions, NFC, Vikings, Rams, , Super, Los Angeles, Detroit, Jets, Carolina Panthers, San Francisco 49ers Locations: Detroit, Los, Los Angeles, Minnesota, Darnold
The Archdiocese of Los Angeles has reached a historic $880 million settlement over hundreds of child sex abuse claims. The agreement in principle announced Wednesday settles 1,354 child sexual abuse claims, the plaintiffs’ attorney said in a news release. It is the largest single child sex abuse settlement with a Catholic archdiocese. In 2007, the archdiocese settled child sex abuse lawsuits with 500 victims for $660 million. No designated donations to parishes or schools will be used to finance the settlement, the archdiocese said in a statement issued after the settlement announcement.
Persons: , Morgan A, Stewart, José H, Gomez, Organizations: Catholic, Archdiocese, Angels, Google Locations: Los Angeles, California,
Intel products sold in China have been recommended for a security review by local officials who allege that the U.S. chipmaker poses "serious risks" to national security. CSAC further accused Intel of using remote management features to surveil users while covertly installing backdoors and of failing to address defects reported by users. Daniel Newman, CEO of The Futurum Group, noted the security review comes amid increased tensions between China and the U.S. in regard to chip controls and AI leadership. China accounted for 27.4% of Intel's revenue in 2023, making it vital to the company's bottom line at a time its stock is struggling following poor earnings and job cuts. However, under U.S. chip policy, the company has been restricted from exporting some of its most advanced products to Chinese clients.
Persons: CSAC, Daniel Newman, Newman Organizations: Intel, Cybersecurity Association of China Locations: China, U.S
Lydia Koh is a fine art wedding photographer and founder of a Singapore-based photography company. Koh said a timekeeper can help couples with a less stressful experience — a lesson from her own wedding. I started wedding photography in 2013 when I attended a gorgeous wedding on a ranch in Southern California with a sunset reception. AdvertisementAs much as I've learned from photographing weddings over the past decade, the biggest lesson came from my wedding. AdvertisementEveryone will want photos with the couple on the wedding day, and it can be overwhelming to manage everything alone.
Persons: Lydia Koh, Koh, , I've, They're, It's Organizations: Service Locations: Singapore, Southern California
CEO Olugbenga “GB” Agboola was celebrated for his leadership and lauded as a trailblazer in African fintech, providing digital payment services for businesses across the continent. However, Agboola says Flutterwave has weathered the storm and emerged stronger than ever. In his first major interview since the allegations, Agboola told CNN that Flutterwave is on a mission to rebuild trust and strengthen its governance practices. She says Flutterwave’s fast growth exposed weaknesses in governance, compliance, risk management strategies and inadequate internal controls. Beyond the focus on governance and structure, Agboola envisions a future where Africa’s diverse payment systems are seamlessly integrated into a unified marketplace.
Persons: Flutterwave, Olugbenga, Agboola, ” Agboola, “ We’ve, , Mitesh Popat, ” Popat, , ” Bawo, ” Egbakhumeh, “ Flutterwave, Africa Agboola, we’re Organizations: CNN, Kenyan, Citibank, Nigeria’s Economic, Commission, Global, MainStreet Bank, American Express Locations: Kenya, , Flutterwave, Africa, Ghana, Zambia, Uganda, Rwanda, United States, Nigeria, San Francisco
CNN —Already multitool smart devices, Apple Watches added another buzzworthy feature last month: an app to detect sleep apnea. The sleep apnea notification is available on the latest Series 10 Apple Watches and some older models after a software update. In order to detect sleep apnea, the watch measures breathing disturbances during sleep over 30 days. But the US Food and Drug Administration approved marketing of the sleep apnea feature on Apple Watches in mid-September. The Apple Watch has a few of these capabilities, but the company did not factor them into the sleep apnea feature.
Persons: It’s, , Robson Capasso, ” Capasso, Erring, Apple, Jing Wang, Wang, ” Wang, Eric Topol, , ” Topol, Capasso, Dr, Sanjay Gupta, they’re Organizations: CNN, Apple, Stanford University School of Medicine, Food and Drug Administration, Apple Watch, Scripps, Research, Get CNN, CNN Health Locations: Sinai
Analysts told BI it points to continued AI chip growth in the short to medium term. ASML sells large lithography machines — which print circuit patterns onto silicon wafers — to chip manufacturers, including TSMC, Samsung, and Intel. Its customers include Nvidia, the GPU designer spearheading the AI chip boom, along with AMD and Qualcomm. This makes TSMC a good bellwether for AI chip demand. While a slowdown at ASML might suggest some caution, the bigger picture still points to a continued surge in AI demand.
Persons: TSMC, , Javier Correonero, Dan Hutcheson, TechInsights, It's, Correonero, TSMC's, CC Wei, Gokul Hariharan, Kate Leaman, Leaman Organizations: Service, Taiwan Semiconductor Manufacturing Company, TSMC, Samsung, Intel, Morningstar, Nvidia, AMD, Qualcomm, Taiwan, Broadcom, Reuters, CC, JPMorgan
North Korean workers have been infiltrating US companies, but extortion has emerged as a new tactic. Early into his four-month employment, he used remote-work tools to infiltrate the company's systems, downloading a large amount of company data, per Secureworks. Last year, FBI leaders warned that the money earned in salaries was being funneled to North Korean weapons programs. AdvertisementA Ukrainian man was also accused of operating "laptop farms" for North Korean workers. He told Business Insider that thorough vetting and background checks are often the "only fallback" to prevent rogue access to sensitive company data.
Persons: , Secureworks, Rafe Pilling, Pilling, Charles Carmakal, Carmakal, Jake Moore Organizations: North, Service, FBI, North Korean, Business, Counter, Unit, CTU, BBC News, Mandiant Consulting, Korean, Monitoring, Management, Fortune, Prosecutors Locations: North Korean, Secureworks, Korean, American, Australia, North Korea, Korea, Arizona
The parents of a Massachusetts high school senior are suing his teacher, school district faculty members and a local school committee for punishments he received after he used artificial intelligence tools to research and create an outline for a history class essay. The lawsuit is one of the first of its kind in contesting school discipline over the use of AI to complete academic work. The complaint said the school’s AI policy was added to the Hingham High School student handbook only the year after the plaintiff’s son was punished. “It’s underregulated, especially in a school setting,” Peter Farrell, the family’s lawyer, said about AI in a phone interview. “AI is an output from a machine.”The student’s school district, Hingham Public Schools, said it was unable to provide further details during ongoing litigation and to respect the student’s privacy.
Persons: “ It’s, ” Peter Farrell, , ” Farrell, Farrell, Kareem Abdul, Jabbar, Dale, Jennifer Harris, He’s, ” Adam Nguyen, Ivy Link, Nguyen, Stanford Organizations: Ivy League, National Honor Society, Hingham High School, Hingham Public Schools, Stanford University, ACT, AP U.S, Artificial Intelligence, Ivy, Harvard Law School Locations: Massachusetts, Hingham
CNBC's Jim Cramer on Wednesday said charts indicate that the bull market can roar higher if the tech sector continues to perform, especially the stock of Nvidia , a leader on the indexes. "The charts, as interpreted by Jessica Inskip, are looking pretty darn good for the S&P and the Nasdaq-100, and of course, yes, Nvidia," he said. "We've got a much broader bull market than we had six months ago, but if it's going to keep running, Inskip says we need to see some meaningful participation from tech." While tech may not have to "lead the way anymore," it still has to "at least follow the leaders," Cramer said. To explain analysis from Inskip, Cramer examined charts of both Nvidia's and the Nasdaq 100 's weekly performance since last fall.
Persons: CNBC's Jim Cramer, Jessica Inskip, We've, Inskip, Cramer Organizations: Nvidia, Nasdaq
The S&P 500 could lose a quarter of its value next year, according to Stifel. AdvertisementThe S&P 500 looks like it's in the midst of another "mania," and investors could see a steep drop in the benchmark index sometime next year, according to Stifel. AdvertisementThe S&P 500 looks like the fifth stock mania, according to a Stifel analysis spanning the last 139 years. Stocks could be challenged next year due to the uncertain outlook for Fed rate cuts, the strategists suggested. Investors could be impacted for the long-term, they added, pointing to previous manias, which historically led to weak stock returns over the following decade.
Persons: it's, , manias Organizations: Service, Bloomberg
What Boeing’s massive financial crisis means for you
  + stars: | 2024-10-16 | by ( Chris Isidore | ) edition.cnn.com   time to read: +4 min
New York CNN —Boeing’s finances are a multi-billion-dollar problem for the company, its employees, suppliers and airline customers. But Boeing’s financial problems, which started long before the strike could hurt the broader US economy. Hit to the economyBoeing’s financial problems are bad news for the US economy. But the other way that the financial problems would spread beyond Boeing will be the impact of the strike on suppliers. Boeing’s credit rating is at risk of being downgraded to junk bond status, which would create more financial problems by raising its cost of borrowing.
Persons: International Association of Machinists, Boeing won’t, Max Organizations: New, New York CNN, International Association of, Boeing, Anderson Economic Group, General Motors, Airbus Locations: New York, United States, Washington
With an Oscar nomination under his belt and the hotly anticipated Ridley Scott epic "Gladiator II" on the horizon, Paul Mescal's career couldn't be going better. Mescal, who had just graduated drama school, was interested in serious dramatic projects. "That paid for my rent for five months, so I'll hear no Denny's slander," he told GQ. "If I ever feel like I get too big for my boots, it kind of pops up somewhere that we shouldn't forget that I was promoting sausages when I got out of drama school," he said. Start today and use coupon code EARLYBIRD for an introductory discount of 50% off through Nov. 26, 2024.
Persons: Ridley Scott, Paul Mescal's, couldn't, Mescal, Denny, we've, let's Organizations: Hollywood, BBC, CNBC Locations: Irish
Russian troops are crashing into anti-tank barriers in Kursk, Russia. AdvertisementRussian commanders are misplacing anti-tank barriers, which their own troops and civilians are crashing into, according to several Russian hardliners. The Russian military bloggers, who've long been an important source of independent information about the Russian military, complained that "dozens" of military personnel and civilians had lost their lives crashing into the barriers, according to the ISW. AdvertisementRussian commanders have, throughout the war, faced criticism from Russia's military bloggers for what they say are inept decisions that have hampered Russia's campaign in Ukraine. Ukrainian forces occupy around 386 square miles of territory in Kursk, while Russian forces have continued to make incremental advances in east Ukraine.
Persons: Organizations: Service, Newsweek, Business Locations: Kursk, Russia, Russian, US, Rylsky Raion, Kursk Oblast, Ukraine
For Love & Money is a column from Business Insider answering your relationship and money questions. Write to For Love & Money using this Google form. Dear For Love & Money,I am wealthy, and my friends always hint about their money problems. I don't know what to do. Write to For Love & Money using this Google form .
Persons: , I've, you've, it's, doesn't Organizations: Business, Service Locations: Maui, tiptoe
CNBC's Jim Cramer critiqued Tuesday's massive semiconductor sell-off, saying some on Wall Street don't recognize the lasting importance of advanced graphics chips for artificial intelligence, especially ones from Nvidia . Semiconductor companies saw their stocks plummet on Tuesday after ASML posted a disappointing quarter a day earlier than expected. Cramer pointed out that the one bright spot in ASML's poor report was its sales of chips related to AI. And according to Cramer, AI is a large part of the reason companies continue to invest heavily in nuclear power. "In fact, it's only gonna increase, especially when tech companies and utilities are furiously trying to put up nuclear power plants to meet the energy demands of Nvidia's chips."
Persons: CNBC's Jim Cramer, ASML, Cramer Organizations: Nvidia, " Semiconductor, Devices, Broadcom, Big Tech Locations: Dutch
People are more aware of refurbished phones, thanks to ad campaigns and word of mouth. For $249 or 299 euros, customers could buy a refurbished iPhone or Android without knowing the model they'd get. AdvertisementPerhaps the biggest thing blocking people from buying more secondhand phones is the manufacturers themselves. Amy Marty Conrad, a 34-year-old who lives in the Washington, DC, area says she and her husband have each bought refurbished phones. But perhaps the biggest thing blocking people from buying more secondhand phones is the manufacturers themselves.
Persons: Steve Jobs, Ming, Chi Kuo, Apple, Glen, Thibaud Hug, Hug, Larauze, Hug de Larauze, He's, ChatGPT, Amy Marty Conrad, She's, it's, Tim Cook Organizations: Apple, Research, International Data Corporation, Vodafone, Recommerce, Zion Market Research, eBay, Samsung Galaxy, European Union, Apple Intelligence, Back Locations: Europe, France, England, Washington, DC, Oregon, European
After a four-year hiatus, the wings, walks and women of the Victoria’s Secret Fashion Show will return Tuesday for the company’s 2024 show in New York City. “The Victoria’s Secret Fashion Show is BACK and will reflect who we are today, plus everything you know and love—the glamour, runway, wings, musical entertainment, and more! “I mean, like, ‘cray cray,’ as in ‘cray cray good.’”Who is performing? For the first time, Victoria's Secret said, its show will feature an all-women lineup, which will be headlined by Cher. “It’s a woman’s world, so it’s understood that you can’t have a fashion show without the mother of fashion herself—@Cher!” Victoria’s Secret wrote on Instagram last month.
Persons: Ed Razek, We’ve, , Tefi Pessoa, Olivia Culpo, , Victoria's, Gigi Hadid, Mayowa Nicholas, Barbara Palvin, Behati Prinsloo, Jasmine Tookes, Adriana Lima, Ashley Graham, Paloma Elsesser, Devyn Garcia, Tyra Banks, ” Graham, It's, Palvin, Banks, cray, , Cher, , Instagram, Lisa, Tyla Organizations: New York Times, L Brands, Amazon Prime Locations: New York City
But opponents ignore both the history of so-called meritocracy, and the fact that DEI programs benefit business, Frazier and Chenault argue. But they said opponents have weaponized select examples of diversity programs that are not practiced widely to oppose DEI entirely. Brandon Bell/Getty ImagesMeanwhile, conservative legal groups are now filing lawsuits targeting companies’ diversity initiatives, and Republican leaders like Florida Gov. Frazier and Chenault said there was a split between companies that rushed to create diversity programs in the wake of George Floyd’s murder in 2020 and companies that have embedded these programs into their business. “For those companies that had integrated DEI into the way they do business, fundamentally, it’s marbled into the meat, so to speak.
Persons: Ken Frazier, Ken Chenault, Ken Chenault’s, John Deere, Davidson, Bud Light’s, Frazier, ” Frazier, America’s “, Elon, Chenault, Roy Vagelos —, — Frazier, Vagelos, weren’t, Merck, , ” Chenault, don’t, George Floyd, Brandon Bell, Ron DeSantis, Arkansas Sen, Tom Cotton, Bud Light, Robby Starbuck, Starbuck, George Floyd’s, They’re, Organizations: New, New York CNN, America, Merck, Black, American Express, Fortune, CNN, Corporate America, Tractor Supply, Boston Consulting Group, DEI, Revelio Labs, White, ” Companies, McKinsey, Republican, Florida Gov, Disney, Nike, Harley Locations: New York, Philadelphia, America, Arkansas
Therefore, if you are looking to buy a home, there are certain steps you should take to prepare for the purchase, according to several advisors ranked in CNBC's 2024 Financial Advisor 100 List. 23 on the 2024 CNBC FA 100 list. 61 on the 2024 CNBC FA 100 list. 7 on the 2024 CNBC FA 100 list. 38 on the 2024 CNBC FA 100 list.
Persons: you'll, It's, Brian Brady, Stephen Cohn, Ron Brock, Shaun Williams, Ryan D, Dennehy, Bankrate, Realtor.com, Steven LaRosa, Williams, Angi, Brady, it's, Cohn Organizations: Obermeyer, Investment, CNBC, Sage Financial Group, Brock Investment, Paragon Capital Management, California Financial Advisors, Edgemoor Investment Locations: Aspen , Colorado, West Conshohocken , Pennsylvania, Indianapolis , Indiana, Denver , Colorado, California, San Ramon , California, Bethesda , Maryland, Florida
China's export growth slowed in September, raising concerns about future economic stability. China may delay further economic stimulus ahead of the US election, anticipating potential tariffs. The market had expected China's exports to grow 6% on-year in September, according to a Reuters' poll of economists. AdvertisementThe timing of the decline in China's exports also came at an untimely moment — weeks before the US presidential election. Beijing has rejected this view, saying the West's accusations are protectionist and aimed at containing China's economic growth.
Persons: , hasn't, Lu Daliang, Donald Trump, Rory Green, GlobalData.TS Lombard, Green Organizations: Service, Reuters, EU, Administration of Customs, Nomura, BofA Securities, Republican, Authorities, Trump, US Locations: China, Japan, South Korea, Beijing
China's luxury market could face its worst quarter in four years, amid aggressive stimulus measures. AdvertisementLuxury brand investors are bracing to see if China's aggressive stimulus measures could be enough to pull its faltering luxury market out of the woods. While Beijing's recent moves to inject liquidity and lower interest rates have sparked some hope in pulling Chinese shoppers out of their spending slump, experts are skeptical of an immediate revival of China's luxury market. Related storiesWhile China's poor economic growth had deterred luxury spending for some, others continued their luxury shopping sprees — outside China. AdvertisementAlthough the outlook for China's luxury market remains bleak in the short run, Jefferies analysts are expecting a recovery as soon as 2025, Reuters reported.
Persons: bellwether, , Markus Hansen, LVMH, Patrice Nordey, Trajectry, Nordey, Marc Jacobs, Hermès Organizations: Service, Burberry, Reuters, CNBC, Jefferies Locations: China, Asia, Japan, Paris, Shanghai, LVMH
“I believe there was 100% negligence on the Secret Service, probably everybody involved in setting that security, down to inter-department communications,” Dutch said. “The negligence was vast. When asked if he believed the Secret Service failed him and the former president, Dutch said: “Big time.”“The whole security setup was poor,” he said. Copenhaver and Dutch were critically injured in the July 13 shooting at the Trump campaign rally in Butler. Copenhaver was shot in the tricep and abdomen, and Dutch was hit in the liver.
Persons: , ” Read, Lester Holt ”, ” Copenhaver, , Copenhaver Organizations: Service, NBC, Trump Locations: Butler
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