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The videos from Saudi Arabia’s futuristic urban development project spread quickly across the internet, and almost as quickly started to disappear. A handful of smaller accounts within this small community of Neom-based content creators remain active, with their videos still viewable. NEOM/Cover-Images.com via Reuters fileThe spokesperson said the latest marketing campaign was about Saudi National Day and was shared to LinkedIn last week. On Thursday last week, at least four other Neom-based content creators suddenly went dark, though one account seemed to reactivate later that day. In many ways, according to researchers, Neom is tied to Saudi Arabia’s efforts to reshape its reputation on the global stage.
Persons: Prince Mohammed bin Salman, expats, Neom —, Neom, influencers, Jessica Herman, ” Herman, Ellen Wald, , , ” Wald, TikTok, Hend Aly, Prince Mohammed, ” Aly, Wald, Aly, , Jamal Khashoggi Organizations: Saudi, LinkedIn, , NBC News, Inc, University College London, BBC, Washington Post Locations: Saudi, Neom, Saudi Arabia, United States, Europe
Some fans of Justin Bieber are claiming the singer released a track referring to parties alleged to have been organized by Sean “Diddy” Combs after what appears to be a fake song resurfaced online last weekend. Bieber, 30, first met Combs as a teenager and developed a close friendship with him early in his career. The two collaborated on the 2023 song “Moments.”Their relationship is now being scrutinized by fans of Bieber online, who have used the song to express concerns over their dynamic. Bieber hasn’t publicly commented on the accusations against Combs, nor has he made any of his own allegations. Since then, multiple lawsuits have accused him of sexual harassment, sexual assault and sex trafficking.
Persons: Justin Bieber, Sean “ Diddy ” Combs, Combs, , It’s, hasn’t, Bieber didn’t, Bieber, Bieber hasn’t, Cassie, Organizations: NBC, New York City Locations: New York
Advisors Capital’s JoAnne Feeney on her top stock picks
  + stars: | 2024-09-25 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailAdvisors Capital’s JoAnne Feeney on her top stock picksJoAnne Feeney, Advisors Capital Management partner and portfolio manager, joins 'Squawk Box' to discuss the latest market trends, her top stock picks, and more.
Persons: Capital’s JoAnne Feeney, JoAnne Feeney Organizations: Capital Management
Watch CNBC’s full interview with Flutter CEO Peter Jackson
  + stars: | 2024-09-25 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC’s full interview with Flutter CEO Peter JacksonFlutter CEO Peter Jackson joins 'Squawk on the Street' to discuss the company's raised guidance, how it is using AI, trends in sports gambling, and much more.
Persons: Peter Jackson
AssumptionAn assumable mortgage will let a borrower transfer the mortgage to someone else even if they haven't fully paid it off. Assumable mortgagesIf you have an adjustable-rate mortgage or a government-backed mortgage (including FHA, VA, and USDA mortgages), you might have an assumable mortgage. Finally, if you want to transfer a property into a trust, a mortgage transfer may be able to help, too. Mortgage transfer processIf you think a mortgage transfer is the right move for your needs, follow this step-by-step process. If the lender doesn't approve a mortgage transfer, you will need to explore other options, such as refinancing your mortgage or selling your house.
Persons: You'll, Molly Grace, Molly, Read, Aly J, Yale Aly J, Aly, She’s Organizations: Chevron, Business, Rocket Companies, Indiana University, Yale, Finance, Dallas Morning News, CBS, Forbes, Fortune, Money, Newsweek, US, Wall Street Journal, Yahoo Finance, Mortgage, National Association of Real, Insurance, Texas Christian University Locations: Chevron, Michigan
Top 10 things to watch Wednesday, Sept. 25 — Today's newsletter was written by the Investing Club's director of portfolio analysis, Jeff Marks. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio. 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: Jeff Marks, Morgan Stanley's, Adam Jonas, Jonas, Tyson Food, Piper Sander, KeyBanc, they've, Wells, Baker Hughes, Halliburton, SLB, Baird, Gabrielle Fonrouge, Expedia, Cowen, Oppenheimer, Jim Cramer's, Jim Cramer, Jim Organizations: Club, Nvidia, Micron, U.S, Ford, General Motors, Hewlett Packard Enterprise, Barclays, Juniper Networks, Micro, Dell Technologies, Union Pacific, Department, Google, Jim's, Jim Cramer's Charitable, CNBC Locations: U.S, China
China needs more than rate cuts to boost economic growth
  + stars: | 2024-09-25 | by ( Evelyn Cheng | ) www.cnbc.com   time to read: +5 min
Cfoto | Future Publishing | Getty ImagesBEIJING — China's slowing economy needs more than interest rate cuts to boost growth, analysts said. He expects Beijing will likely ramp up fiscal stimulus due to weak growth, despite reluctance so far. "The market is forming a medium to long-term expectation on the U.S. growth rate, the inflation rate. As for Chinese government bonds, Ding said the firm has a "neutral" view and expects the Chinese yields to remain relatively low. He pointed out that monetary easing still requires fiscal stimulus "to achieve the effect of expanding credit and transmitting money to the real economy."
Persons: Larry Hu, That's, Edmund Goh, Yifei Ding, Ding, CF40, Pan Gongsheng, Haizhong Chang, Chang Organizations: China Resources, Getty, BEIJING, People's Bank of China, Macquarie, U.S, of Finance, PBOC, Ministry of Finance, Fitch Locations: China, Nanjing, Jiangsu province, abrdn, Beijing, U.S, Invesco
UBS named "Magnificent Seven" member Apple as an AI stock to watch out for. In all, 75% of analysts covering the stock rate it buy or strong buy, according to LSEG, with consensus price targets suggesting nearly 6% upside. Nearly 9 out of 10 analysts covering the stock rate it a buy or strong buy. Raymond James recently resumed coverage of Uber as a "strong buy," citing its "Robo Rides" thesis. Other names on the list include AI darling Nvidia, alongside fellow Magnificent Seven stocks Microsoft , Alphabet , Amazon and Meta Platforms .
Persons: Sundeep Gantori, Gantori, Needham, Goldman Sachs, Goldman, Michael Ng, Raymond James, Josh Beck, Uber Organizations: UBS, Apple, Uber, Microsoft
Just two days after Goldman Sachs named AT & T its top telecom pick, JPMorgan reiterated it as one of its best ideas. JPMorgan analyst Sebastiano Petti called AT & T a broader "value pick" as it currently trades on a valuation discount relative to other names in the sector. AT & T's ongoing fiber optic additions in its broadband businesses well position it for long-term growth, Petti added. Both Petti and Goldman Sachs analyst James Schneider highlighted a potential share buyback announcement as a positive catalyst for shares. "We expect positive wireless results and potentially a capital allocation announcement with the initiation of a buyback.
Persons: Goldman Sachs, Sebastiano Petti, Petti, James Schneider, Schneider, JPMorgan's Petti Organizations: JPMorgan, 5G Locations: Petti, Tuesday's
Billionaire investor Leon Cooperman on his favorite holdings
  + stars: | 2024-09-25 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBillionaire investor Leon Cooperman on his favorite holdingsLeon Cooperman, Omega Family Office chairman and CEO, joins 'Squawk Box' to discuss the latest market trends, the Fed's interest rate decision, state of the economy, 2024 election, his favorite holdings, and more.
Persons: Leon Cooperman Organizations: Billionaire, Omega Family
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFlutter Entertainment unveils $5 billion share buyback, shares surgeFlutter CEO Peter Jackson joins 'Squawk on the Street' to discuss the company's raised guidance, how it is using AI, trends in sports gambling, and much more.
Persons: Peter Jackson
Though mortgage rates are expected to continue trending down, it's unclear how much further they might drop. See more mortgage rates on Zillow Real Estate on ZillowMortgage CalculatorUse our free mortgage calculator to see how today's mortgage rates would impact your monthly payments. 30-Year Mortgage Rates TodayAverage 30-year mortgage rates are hovering around 5.80% today, according to Zillow data. 15-Year Mortgage Rates TodayAverage 15-year mortgage rates are right around 5%, according to Zillow data. 5-Year Mortgage Rate TrendsHere's how 30-year and 15-year mortgage rates have trended over the last five years, according to Freddie Mac data.
Persons: you'll, they've, Freddie Mac, it's, They'll Organizations: Federal Reserve, Zillow, Fed Locations: U.S, Chevron
The move prompted Wall Street giants Barclays and Citi to adopt a more optimistic stance on global cyclical stocks. Barclays believes the Federal Reserve's actions are "clearly designed to pull out all the stops to achieve a soft landing" for the economy. Barclays strategists noted that "cyclicals typically rebounded steadily after the Fed started its rate cut cycle ... as long as it was not followed by a recession." Citi strategists share a similar outlook for European stocks. "The scale of the downgrades has become so extreme of late that we're now approaching a point where negative ERI may be a useful contrarian indicator," the Citi strategists said.
Persons: Emmanuel Cau, Beata Manthey, we're, Safran, Atlas, — CNBC's Michael Bloom Organizations: Federal Reserve, Wall Street, Barclays, Citi, Fed, Siemens, BBVA, ING, Holcim, ASM Locations: United States
download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Switching focus periodically"There's an amount of training that's going to help you get strong. There's an amount of training that's going to help you to lean out (with nutrition and everything too). And then there's an amount that's going to help you to perform at the highest levels of human performance," Molloy, who works with Olympians and professional CrossFit athletes, said. Molloy said many elite athletes essentially trade long-term health for elite performance, experiences, and, in some sports, "a boatload of money."
Persons: , Mike Molloy, CrossFit, Molloy, Tyler Le, " Molloy Organizations: Service, , Business Locations: Silicon
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHoward: The market is just noise right now—investors need to stay the course. Vance Howard, CEO and Portfolio Manager at Howard Capital Management, predicts a rate cut in early 2025 due to falling inflation and historical trends.
Persons: Howard, Vance Howard Organizations: Howard Capital Management
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailRenk sees long-term trend in defense spending given the overall geopolitical situation, CEO saysRenk CEO Susanne Wiegand discusses defense spending trends at the Berenberg and Goldman Sachs German Corporate Conference.
Persons: Renk, Susanne Wiegand, Goldman Sachs Organizations: Goldman Sachs German Corporate Conference
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailInvestors should look to extend duration in their T-bills now, says Goldman Sachs' Lindsay RosnerLindsay Rosner, Goldman Sachs Asset Management head of multi-sector investing, joins 'Squawk Box' to discuss the latest market trends, impact of the Fed's interest rate decision, where investors can find opportunities right now, and more.
Persons: Goldman Sachs, Lindsay Rosner Lindsay Rosner, Goldman Organizations: Management
Read previewIn a Monday blog post, OpenAI CEO Sam Altman argued that massive investment in AI infrastructure is key to market dominance — and avoiding global conflict. "If we don't build enough infrastructure, AI will be a very limited resource that wars get fought over, and that becomes mostly a tool for rich people." Representatives for OpenAI did not respond to a request for comment from Business Insider. He noted that data centers consume tons of water for their cooling systems — some of which evaporates, so it cannot be reused. "Any human endeavor that involves an optimization challenge can be made more efficient through artificial intelligence," Coglianese said.
Persons: , Sam Altman, Altman, OpenAI, Alex de Vries, de Vries, Goldman Sachs, Shaolei Ren, he's, Ren, Cary Coglianese, Coglianese, we'll, I'm Organizations: Service, Business, Microsoft, BlackRock, White, Meta, Big Tech, University of California, University of Pennsylvania Locations: United States, United Nations, Riverside
Sluggish salty snack sales have prompted questions about whether Ozempic and obesity treatments like Wegovy and Zepbound ae to blame. GLP-1 drugs have been cheered as an effective method to help patients with diabetes and obesity to manage their blood sugar levels, hunger and weight. Lieberman found that the temporary price reduction at Wal-Mart stores drove an increase in both the product's volume and sales, leading to the conclusion that snack sales were hurt by price pressures for consumers. "All said, the data suggests to us that the primary challenge facing the salty snack category is affordability and arguably not GLP-1s and evolving health & wellness trends as some people might opine," she wrote in the report. "The salty snack category raises prices faster than the rest of the grocery store, so we probably have more work to do to right-size the prices," he told CNBC in an interview.
Persons: Morgan Stanley, Campbell, Lauren Lieberman, Pepsi's, Lieberman, Cowen, Robert Moskow, Moskow, It's, TD Cowen, Nordisk's Wegovy, Eli Lilly's Zepbound, Dara Mohsenian, Mohsenian, There's Organizations: Pepsi, UTZ Brands, Barclays, Mart, CNBC, Nielsen Locations: confections, Nordisk's
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailDon't expect the floodgates to open for rate cuts going forward: Defiance ETFs CEO Sylvia JablonskiSylvia Jablonski, Defiance ETFs CEO and CIO, joins 'Squawk Box' to discuss the latest market trends, the Fed's interest rate decision, whether rates are still too restrictive, and more.
Persons: Sylvia Jablonski Sylvia Jablonski
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailOur playbook is focused on quality and higher-yielding stocks, says JPMorgan's Stephen ParkerStephen Parker, JPMorgan Private Bank head of specialized strategies, joins 'Squawk Box' to discuss the latest market trends, state of the economy, the Fed's rate path outlook, where investors can find opportunities right now, and more.
Persons: JPMorgan's Stephen Parker Stephen Parker Organizations: JPMorgan Private Bank
I was a content creator on LinkedIn and TikTok already, so understood the creator space. AdvertisementMy grad job offer was rescindedEven though I was already freelancing, I planned to work in a corporate job after university. That same month LinkedIn told me my job offer had been rescinded because the program was sunsetted. I'd planned to move to San Francisco for the LinkedIn job. Since my first job offer was rescinded, I've been in the mindset that I have to bet on myself.
Persons: , Ben Chipman, TikTok, Serena Kerrigan, I'd, grads I'd, I've Organizations: Service, NBC Universal, Duke University, Business, Duke, LinkedIn, Companies, Fortune, We'd Locations: San Francisco, Boston, Lima , Peru, Madrid, New York
CNN —The FBI on Monday reported that violent crime dropped across the US last year, registering the steepest annual decline in murders in decades. But the report was almost entirely ignored by right-wing media outlets, which have pushed a false narrative that crime is surging under President Joe Biden. Overall crime fell by 3% and property crime fell by 2.4%. The routine release of FBI data comes just weeks before a high-stakes presidential election in which perceptions of crime and safety have become a key political flashpoint. The decision by right-wing media outlets to bury the report underscores the disconnect between public perception on the issue of crime and the reality of falling crime rates.
Persons: Joe Biden, Donald Trump, , Bret Baier, Baier, Elon Musk, wasn’t, Fox’s, Breitbart, Newsmax, Gallup, , Jeff Asher Organizations: CNN, FBI, Associated Press, NBC, The New York Times, Trump, Fox News, Fox, America, Daily, Washington Examiner, Epoch Times, Reuters, Social Locations:
Morgan Stanley is now looking ahead at the perfect mixture of conditions for a strong fourth quarter. The firm is squarely focused on an improvement in the labor market driving the best possible returns. AdvertisementThe Federal Reserve nailed the rate-cut scenario that Morgan Stanley called its best-case result leading into the decision. Heading into last week's announcement, Morgan Stanley was looking for a 50-basis-point cut that didn't also stoke worries about unnecessary growth. To be sure, job conditions are not the only thing Morgan Stanley is watching.
Persons: Morgan Stanley's, Morgan Stanley, , didn't, Mike Wilson, Wilson Organizations: Federal, Service, Reserve, stoke, Bank of America, Conference Board
Now that the Fed has cut rates, mortgage rates have generally held steady. See more mortgage rates on Zillow Real Estate on ZillowMortgage CalculatorUse our free mortgage calculator to see how today's interest rates will affect your monthly payments. Current 30-Year Mortgage RatesAverage 30-year mortgage rates have been holding steady at around 5.70%, according to Zillow data. Mortgage rates are determined by a variety of different factors, including larger economic trends, Federal Reserve policy, your state's current mortgage rates, the type of loan you're getting, and your personal financial profile. Now that the Fed has cut rates, mortgage rates may not drop further for the rest of the month.
Persons: you'll, Freddie Mac, it's, they've Organizations: Federal, Zillow, Fed Locations: Chevron
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