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Shares hit an all-time high Tuesday despite a chorus of recent concerns from Wall Street analysts about demand for the new artificial intelligence-enabled iPhone 16. Apple Intelligence is the company's new suite of generative artificial intelligence tools due out later this month. Available for preorder now, the tablet has a processor capable of supporting Apple Intelligence. Big picture The IDC data comes as many on Wall Street express skepticism around sales for the new iPhone 16 lineup. Apple CEO Tim Cook inspects the new iPhone 16 during an Apple special event at Apple headquarters on September 09, 2024 in Cupertino, California.
Persons: Morgan Stanley, Apple's, Popal, swoon, Jim Cramer, Jim, Jim Cramer's, Tim Cook, Justin Sullivan Organizations: Apple, Wall Street, International Data Corporation, IDC, Samsung, Apple Intelligence, JPMorgan, Barclays, Bank of America, Club, Nvidia, U.S, CNBC Locations: U.S, Cupertino , California
In a regulatory filing early Tuesday, the company announced plans to borrow $10 billion from a consortium of banks. The company’s debt surged in the last six years as Boeing reported core operating losses of more than $33 billion. On Friday, Boeing’s new CEO Kelly Ortberg announced plans to cut 10% of its worldwide staff of 171,000 workers. Boeing’s offer to increase the raises to 30% over the life of the deal was also rejected by union negotiators. And Airbus doesn’t have the capacity to take on Boeing’s orders.
Persons: New York CNN —, Boeing’s, Kelly Ortberg, Max Organizations: New, New York CNN, Boeing, International Association of Machinists, IAM, Federal Aviation Administration, Alaska Airlines, Airbus Locations: New York
There’s only room for one killer clown at the top of box office charts. Meanwhile “Joker: Folie á Deux,” which topped the box office last weekend, collapsed in third place with $7.055 million from 4,102 theaters. So far, “Folie a Deux” has generated $51.6 million domestically and $165.3 million globally. The well-reviewed family film has amassed $83.73 million domestically and $148 million globally to date. It has earned $52.8 million domestically and $111 million worldwide so far.
Persons: , Beetlejuice, , Joaquin Phoenix, Damien Leone, David A . Gross, Pharrell Williams, Morgan Neville, Rogers, Gross, Sony’s, Jason Reitman, Sebastian Stan, Donald Trump, CinemaScore, Trump, Tim Burton’s, ‘ Taylor Swift, Paul Dergarabedian, “ It’s Organizations: Warner Bros, Rotten, Motion, Entertainment Research, Cannes Film, Briarcliff Entertainment, Universal, DreamWorks, Optimus Locations: North America, CinemaScore
Morningstar has urged investors to shift their focus away from the much-hyped AI chip sector. Instead, the equity research firm highlighted four traditional semiconductor makers it considers undervalued, with two picks potentially offering more than 70% upside. However, the firm's latest research note suggested that investors might find better opportunities outside the AI chip frenzy. Morningstar's top picks include Infineon Technologies and STMicroelectronics : Infineon Infineon Technologies , Germany's largest semiconductor manufacturer, stands to benefit from the increasing electrification of vehicles and the rise of electric cars, according to Morningstar. Morningstar expects Infineon shares to rise by 70% over the next 12 months to 50 euros a share ($54.90).
Persons: Morningstar, we're, Brian Colello Organizations: Nvidia, Infineon Technologies, Infineon Infineon Technologies, Infineon, Morningstar, STM STMicroelectronics, U.S Locations: United States
Horror fans are calling the main character, Art the Clown, a new icon for the genre. Fans say the success of "Terrifier 3" has cemented its lead character, the demonic, mute serial killer Art the Clown, as a horror icon. Now, fans have hailed Art as a modern horror icon akin to other slasher villains such as Norman Bates, Leatherface, Michael Myers, and Freddy Krueger. My horror hot take:Art the Clown is the first true horror icon to emerge thus far this century (Pennywise was already an icon under Tim Curry, and the “Saw” films have gone on without Jigsaw). He’s the horror icon we need right now.
Persons: , David Howard Thornton, Art, Todd Phillips, Norman Bates, Leatherface, Michael Myers, Freddy Krueger, Pennywise, Tim Curry, Freddy, pic.twitter.com, S7xUQYjWAp — Shawn, dHGeWMkPap — John Squires 🎃, rueger Organizations: Service, Marvel
CNN —Sunday marks one month since members of the International Association of Machinists began their strike against Boeing. The cost: nearly $5 billion, according to a new analysis by Anderson Economic Group, shared exclusively with CNN. Boeing’s workers and shareholders make up the bulk of the strike losses, at $3.7 billion, the new analysis shows. “Suppliers, Seattle-area businesses, and Boeing customers are paying part of the price,” said Patrick Anderson, CEO of Anderson Economic Group. Boeing’s customers — the airlines — are also feeling the financial pain, with $285 million in losses to Boeing customers worldwide.
Persons: , Patrick Anderson, Anderson, ” Kelly Ortberg, ” Stephanie Pope, Pope, , John Holden, ” Holden Organizations: CNN, International Association of Machinists, Boeing, Anderson Economic Group, IAM, “ Suppliers, Anderson Economic, FAA, Department Locations: Everett , Washington, Seattle, Boeing Seattle
At the same time, the brand's popularity may have peaked and is "on the way out," teens said in the firm's annual survey. While Stanley's multi-colored insulated cups still have considerable caché, upper-income teens told Piper Sander that the products could soon see the same fate as skinny jeans. Upper-income male teens surveyed ranked Stanley cups as their fifth-most fashion trend on the way out. Keith told Business Insider the survey's fashion trend question is open-ended, meaning that respondents are not prompted by a list of options. "They really kind of struck gold with these larger, thick cups, with the handle and a straw," Keith told BI.
Persons: Piper Sandler, Stanley, , Piper Sander, Peter Keith, Alexia Morgan, Keith, doesn't, weren't, Piper Sandler's, Morgan, hasn't, Dominick Organizations: Service, CNBC, PMI
Demis Hassabis won the 2024 Nobel Prize for Chemistry. Hassabis cofounded DeepMind, which Google acquired in 2014. Go to newsletter preferences Thanks for signing up! AdvertisementDemis Hassabis, the cofounder of the renowned artificial intelligence lab DeepMind, is recognized worldwide as one of the leading thinkers in his field. Hassabis and his fellow DeepMind coworker, John Jumper, were awarded the 2024 Nobel Prize for Chemistry for their work on protein structure prediction.
Persons: Demis Hassabis, Hassabis, DeepMind, , Demis, John Jumper Organizations: Chemistry, Google, Service, Guardian, University of Cambridge, University College London
Insurance experts said the back-to-back hurricanes could signal rising insurance rates nationwide. AdvertisementTwo back-to-back hurricanes in Florida in recent weeks will likely raise home insurance rates even higher in a state that is already grappling with prices nearly four times the national average, insurance experts told Business Insider. The compounding financial crises of Hurricane Helene and Hurricane Milton could also point to looming hikes in insurance rates nationwide, the home insurance experts said. They pointed to the recent Florida storms as examples of the increasingly severe and frequent climate catastrophes wreaking havoc on the global insurance market. AdvertisementAn uptick in reinsurance rates in recent years has been a driving force behind climbing insurance rates nationwide, said Kyle Ulrich, president and CEO of the Florida Association of Insurance Agents.
Persons: , Kyle Ulrich, it's, Hurricane Helene, Hurricane Milton, Jeffrey Schlegelmilch, Oscar Miniet, Miniet, Coral, Milton, Helene, Shahid Hamid, Jeremy Porter, Porter, Hamid, Ulrich, Oscar Seikaly, Penny, Liao Organizations: Service, Florida Association of Insurance, Intercontinental Exchange, CBS News, Columbia Climate School's, Center for Disaster Preparedness, Tampa, Florida International University, Research Center's Laboratory for Insurance, Financial, Economic Research, Allstate, State, Florida Association of Insurance Agents, NSI Insurance, Hurricanes Locations: Florida, Hurricane, California, Illinois, Arkansas, Deltona, Jacksonville, Sarasota, Central Florida, Kentucky, Idaho, London, Bermuda, Japan
Molloy said to consume 0.75 grams of protein per pound of body weight for optimal health. Related storiesA 2022 study supports this, finding that 0.7 grams per pound of body weight was optimal for strength gains. AdvertisementHowever, a person with a lot of weight to lose should calculate their protein intake based on their goal weight not their current weight, he said. Gradually add more protein to breakfast, lunch, dinner, and snacksIf you want to increase your protein intake, Molloy advises looking at each of your meals in turn. "Once you've got those three meals sorted, you can start to look at other snacks throughout the day to try to increase your protein intake," Molloy said.
Persons: Mike Molloy, Molloy, , that's, we've, you've Organizations: Service Locations: overeating
Harvey Weinstein’s attorneys have submitted a filing opposing a move by prosecutors to combine two sexual crimes cases against the disgraced film mogul. Manhattan prosecutors have sought to consolidate new charges with ones previously brought against Weinstein so that they could be tried in court together. But in a court document, a response to the prosecutors' motion to consolidate cases filed Oct. 2, the Oscar-winning producer’s lawyers accused the district attorney’s office of acting improperly and unfairly. Bragg’s office signaled that it would seek to link the two cases together ahead of Weinstein’s retrial. Samson says prosecutors say they won’t be ready in time and want to move the trial to January.
Persons: Harvey, Weinstein, Oscar, , unabashedly —, Jessica Mann, Mimi Haley, Attorney Alvin Bragg, Diana Fabi Samson, Samson, , ” Samson Organizations: Manhattan, Manhattan District, Attorney Locations: Manhattan, New York, New, New York City, Rikers
AdvertisementThe small Swiss town of Gstaad, nestled in the Bernese Alps, looks like a setting ripe for a Sound of Music-inspired fairytale. Longevity Investors Conference/David BiedertThis is where longevity seekers come each fall for an intimate conference connecting investors to entrepreneurs and scientists. AdvertisementYes, there is still some Swiss cheese, wine, and desserts on offer at the Longevity Investor's Conference for those who wish to indulge. Longevity Investors Conference/David BiedertInvestment is flowing into early-stage longevity companies that are bringing tests and products to market. Longevity Investors Conference/David BiedertEquipped with Starlink satellite internet, the boat is designed for "floating coworking."
Persons: , David Biedert, Moritz, Marc Bernegger, Longevity.Technology, who've, Bryan Johnson, Nir Barzilai, Alex Colville, Emil Kendziorra, Tobias Reichmuth, rapamycin, berberine, nature's, Reichmuth, David Furman, who'd, Julie Andrews, Madonna, Valentino Organizations: Business, Service, Longevity, Conference, Academy for Health, David, Bold, Michelin Locations: Switzerland, Gstaad, Bernese, St, Singapore, Tel Aviv, Age1, San Francisco, Antarctica, Sardinia, Italy, Okinawa, Japan, Zurich
A vessel identified by the Philippine Coast Guard as "Chinese maritime militia" (back R) and a China Coast Guard vessel (front R) sailing near the Philippine military chartered Unaizah May 4 (L) during its supply mission to Second Thomas Shoal in the disputed South China Sea on March 5, 2024. Some of the world's busiest shipping lanes are at risk due to rising tensions in the South China Sea, experts warn. In recent months, skirmishes have escalated in the highly-contested South China Sea – a marginal sea in the Western Pacific ocean that's a crucial trade route for China, Japan and India, three of the world's biggest economies. These developments in the South China Sea should be on the radar of global markets and supply chains due to the importance of these waterways to international trade, according to Marko Papic, chief global geo-macro strategist at BCA Research. "The South China Sea is the most valuable shipping lane in the world in terms of the value of trade that transits through it," Papic told CNBC, noting that conflict there poses obvious risks to global shipping.
Persons: Thomas Shoal, Marko Papic, Papic Organizations: Philippine Coast Guard, China Coast Guard, Philippine, Unaizah, Beijing, BCA Research, CNBC Locations: China, South China, Japan, India, Philippines, Vietnam, South, U.S
Union members are still angry that Boeing demanded they give up their traditional pension plans 10 years ago, when the company was doing well financially. Even with all of its problems, Boeing is likely at no risk of disappearing. If airlines that are Boeing customers cancel their order, they would have to wait five years for a comparable jet from Airbus. Boeing will discontinue that plane once its current orders are completed and delivered to customers in 2027. That plane is built by some of the union members now on strike.
Persons: , , Kelly Ortberg, ” Ortberg, Max, Ortberg, Poor’s Organizations: New, New York CNN, Boeing, Alaska Airlines, National Transportation Safety Board, Space Station, International Association of Machinists, IAM, Airbus Locations: New York, United States, underperformance, Washington State
Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. During the Club's Morning Meeting, Jim Cramer said Wall Street is "starting earnings season off with a bang." Club stock Wells Fargo rose more than 5.5% after quarterly profit exceeded estimates. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m.
Persons: Jim Cramer, Jim, Melius, Jensen Huang, Morgan Stanley, CrowdStrike, Stocks, Tesla, Jim Cramer's Organizations: CNBC, AMD, Melius Research, Nvidia, Alto Networks, JPMorgan, Ferrari Locations: Wells, BlackRock
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBlackRock CEO Larry Fink: Firm is positioned to take advantage of growing capital markets worldwideLarry Fink, BlackRock CEO and chairman, joins CNBC's 'Squawk on the Street' to discuss his firm's third-quarter earnings beat, how the growth of capital markets is driving its strategy, and more.
Persons: Larry Fink Organizations: BlackRock
Visa Protect is an AI-driven suite of solutions that includes real-time risk scoring to help prevent fraud and secure digital transactions. These risk solutions harness the power of artificial intelligence to help safeguard merchants, financial institutions, and consumers at every transaction stage. AI shines in fraud preventionFor over 30 years, Visa has been a leader in using AI to combat fraud. But AI has proven to be a powerful weapon in risk prevention for digital payments and transactions. Learn more about Visa Protect risk solutions.
Persons: James Mirfin, Mirfin, We've Organizations: Visa, Research, Visa Protect, Open Banking, Intelligence, Service, Insider Studios
(This is CNBC Pro's live coverage of Thursday's analyst calls and Wall Street chatter. Ferrari's scarcity-driven growth strategy has contributed to price growth of as much as 30% for new vehicles compared to prior vehicles, per Brinkman. — Hakyung Kim 6:25 a.m. Morgan Stanley raises Eli Lilly estimates Morgan Stanley notched its price target for Eli Lilly shares higher on increased weight-loss drug estimates. — Hakyung Kim 6:00: am Goldman Sachs raises Nvidia price target Goldman Sachs believes strong demand for artificial intelligence compute should help drive Nvidia shares higher. Analyst Toshiya Hari increased his price target on Nvidia shares to $150 from $135, implying 11.3% upside potential from Thursday's close.
Persons: Goldman, Morgan Stanley, Elli Lilly, Ryan Brinkman, Brinkman, Ferrari, — Hakyung Kim, Eli Lilly, Terence Flynn, Zepbound, Eli Lilly's, Mounjaro, Flynn, Mercado, Gonzalo Lopez, Lopez, Mercado Credito, Goldman Sachs, Toshiya Hari, Hari, Hakyung Kim Organizations: CNBC, Nvidia, JPMorgan, Ferrari, Mercado Libre, company's Data Locations: Thursday's, Latin America, U.S, America, verticals, Hari
Luxury hotels are offering guests longevity packages that can cost tens of thousands of dollars. AdvertisementFrom offering guests IV drips for hangovers to personalized nutrition programs and full-body MRIs, luxury hotels are upping their wellness game — and wealthy Americans are ready for it. "It's astounding the speed in which a new focus on longevity is rewriting the wellness market," she said. AdvertisementThe global wellness market — which encompasses beauty, healthy eating, spas, wellness tourism, personalized medicine, and more — was valued at $5.6 trillion in 2022, up from $3.4 trillion in 2013, according to the Global Wellness Institute. Luxury hotels want to cash in on the longevity trendBlink and you'll miss an announcement for a new longevity-themed program.
Persons: , Bryan Johnson, Beth McGroarty, Mark Hyman, Tony Robbins, Sam Nazarian, Robbins, Nazarian, COVID Organizations: Service, Global Wellness Institute, Consulting, Clinique, Next, Bloomberg, Times Locations: Clinique La, Swiss, Dubai, St Kitts, sbe, London
Tokyo CNN —Nobuyo Oyama, the voice of beloved Japanese anime “Doraemon” for a generation of children across Asia, has died at age 90, her agency confirmed on Friday. Oyama died on September 29 due to old age, according to the Actors 7 agency. Japanese voice actress Nobuyo Oyama during an interview in Tokyo on November 11, 1996. Hidetoshi Tanaka/The Yomiuri Shimbun/APOyama was born in Tokyo, according to Japan’s public broadcaster NHK. Another wrote: “Doraemon, I’ve loved you ever since I can remember, thanks to Nobuyo Oyama.”Others expressed grief that Oyama had died so shortly after the death in July of Noriko Ohara, the voice of Nobita.
Persons: Tokyo CNN — Nobuyo Oyama, Oyama, , , Nobuyo Oyama, Hidetoshi Tanaka, AP Oyama, Boo Foo Woo, Ms, Nobuyo, Kazuhiko Inoue, Kakashi, I’ve, Noriko Ohara Organizations: Tokyo CNN, Yomiuri Shimbun, AP, NHK Locations: Asia, Hong Kong, Vietnam, Tokyo
Dylan O'Brien told Men's Health his safety concerns over a stunt in "The Maze Runner" were ignored. AdvertisementDylan O'Brien claimed his concerns that a stunt on "The Maze Runner: The Death Cure" wasn't safe were ignored, resulting in an accident that left him needing reconstructive surgery. In 2016, O'Brien filmed a stunt for the third film, "The Death Cure," where he was meant to jump between two vehicles. In 2020, O'Brien told Deadline that recovery was a "rough and long road" and he felt "fucking broken." Representatives for Wes Ball, the director of "The Maze Runner: The Death Cure," and 20th Century Studios did not immediately respond to Business Insider's request for comment.
Persons: Dylan O'Brien, Men's, O'Brien, , Michael Keaton, Netflix's, Dan Akroyd, I've, Wes Ball, Alec Baldwin, Halyna Hutchins Organizations: Service, Men's, Century Studios Locations: California
Just weeks after ESPN basketball reporter Adrian Wojnarowski shocked the sports world by announcing his retirement from journalism, ESPN scooped up Woj’s main rival and one-time protege, Charania. Charania begins his ESPN TV work today. “It’s definitely going to be a lot of TV,” Charania said. They worked together at Yahoo Sports before becoming rivals, only for Charania to eventually take over for Wojnarowski at ESPN. “It was a congratulatory message on just the appreciation that I have and his amazing career,” Charania said.
Persons: Shams, Adrian Wojnarowski, Charania, FanDuel, Jimmy Pitaro, Alex Sherman, “ It’s, ” Charania, , Pat McAfee, Wojnarowski, , I’m, ” Wojnarowski, Jim Rome, “ Shams, I’ve, , he’s, that’s, He’ll Organizations: ESPN, FanDuel TV, The, ESPN TV, Worldwide, Sports, CNBC Sport, CNBC, NBA, , Yahoo Sports, Wojnarowski, Yahoo, I’m
Dublin-based Field of Vision has produced a handheld, haptic feedback device that it says can help blind and partially sighted fans not just hear, but “feel” the action, enhancing the live experience. “The main feedback we’ve gotten (about the device) has been that it actually makes them feel like they’re part of the game and they’re experiencing it with everyone else,” Field of Vision co-founder David Deneher told CNN. A blind fan tests out the Field of Vision device. (Left to right) Tim Farrelly, Omar Salem and David Deneher developed the Field of Vision idea during the Covid-19 pandemic. He said that a test run with the Field Of Vision tablet added new levels of context to proceedings on the pitch.
Persons: David Deneher, ” Deneher, , Tim Farrelly, Omar Salem –, Mike Kearny, Kearny’s, Stephen Garcia, Omar Salem, Declan Meenagh, , it’s, ” Declan Meenagh, James Dyson, Tom Sears, Josh Chadwick, , Deneher Organizations: CNN, Vision, Trinity College Dublin, Queen’s University Belfast, Aerospace, Salem, English Premier League giant’s Anfield, Royal National Institute of Blind People, Dublin football, Bohemians, Club, Initiative, Irish, Manchester City’s Etihad, Marvel, Football, Australian Football League, AFL, Getty Locations: Irish, Dublin, Liverpool, Melbourne, Australia, England, Spain, France, Germany, Italy
"We have a lot of work to do on podcasting," Burke Magnus, ESPN's president of content, said in a recent interview with Business Insider. Cowherd now works with Golden State Warriors star Draymond Green and — ironically — current ESPN personality Shannon Sharpe. Sharpe isn't the only ESPN star with a podcast that's not affiliated with ESPN. Related storiesESPN's 3-part turnaround plan for podcastsIn Magnus' mind, there are three main ways ESPN can make its podcast business more successful. Advertisement"If we rope all three of those things together, I think we can have a meaningful podcasting business in the not-too-distant future," Magnus said.
Persons: Burke Magnus, , who've, ESPN's, Magnus, Bill Simmons, Colin Cowherd, Cowherd, Draymond, Shannon Sharpe, Sharpe isn't, Stephen A, Smith — who's, Shams Charania, Charania, he'll, Zach Lowe Organizations: ESPN, Service, Business, ESPN Radio, Spotify, Fox Sports, Golden State Warriors, NBA Locations: ESPN's
Charania begins his ESPN TV work today. "It's definitely going to be a lot of TV," Charania said. They worked together at Yahoo Sports before becoming rivals, only for Charania to eventually take over for Wojnarowski at ESPN. Charania begins his ESPN TV work today. "It's definitely going to be a lot of TV," Charania said.
Persons: Alex Sherman, Shams, Adrian Wojnarowski, Charania, FanDuel, Jimmy Pitaro, It's, Pat McAfee, Wojnarowski, I'm, Jim Rome, I've, he's, that's, He'll, I'd, Adam Silver, Bob Kraft, Jessica Berman, CNBC's Jessica Golden, Craig Kilborn, Colin Neville, Jim Ratcliffe, Joe Tsai, Colin, Neville, dealmaking, We've, CNBC's Contessa Brewer, Jim Allen, Adam Greenblatt, isn't, Tiger Woods, Tigeraire, Woods, CNBC's Lillian Rizzo, Rudy, Rudy Ruettiger, Kevin Mayer, Tom Staggs, Read, Yahoo's Ross Dellenger, we've, Woody Johnson, Woody Johnson —, Johnson, Robert Saleh, Derek Jeter, Shams Charania, Raine Organizations: CNBC, ESPN, FanDuel TV, The, ESPN TV, Worldwide, Sports, NBA, Yahoo Sports, Wojnarowski, Yahoo, I'm, NFL, Miami Dolphins, Buffalo Bills, Los Angeles Chargers, Dolphins, New England Patriots, National Women's Soccer League, Chelsea Football Club, Manchester United, Brooklyn Nets, Premier Lacrosse League, Youth, NCAA, UFC, CNBC Sport, Rock, Seminole Gaming, U.S . Patent, Sun, QVC, Notre Dame, Disney, Candle Media, SEC, Big Ten, ACC, Jets, Apple, Hollywood, Diamond Sports Group, Bally Sports, Wildcats, College Football, Sinclair, Raine Group Locations: Raine, DraftKings, U.S, Las Vegas, Florida, Tigeraire, Northwestern
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