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☆ I supercommute through 4 states to get to work. I love earning a 6-figure NYC salary but living a suburban life in Delaware.
▼ + stars: | 2024-05-20 | by ( Jen Glantz | ) www.businessinsider.com time to read: +6 min

Read previewThis as-told-to essay is based on a conversation with Kyle Rice, a 38-year-old EMS provider based in Willmington, Delaware. I came across a job on a job board as a protocol architect for a project manager at an EMS software company. I live in Wilmington, Delaware, with my wife and two kids — 125 miles from the office. AdvertisementI earn more and save more by working a NYC jobI'd never consider relocating to NYC because it wouldn't be smart financially. Whenever the commute frustrates me, I remember how grateful I feel that I can pass through a handful of states on my way to work.

Persons: —, Kyle Rice, Rice, I'd, I've Organizations: Service, Business, Amtrak, Newark Penn Station, World Trade Center Locations: Willmington , Delaware, New York City, Wilmington , Delaware, New York, New Jersey, Long, Wilmington, Newark, Delaware, NYC, Manhattan

☆ Bob Menendez: 4 big questions as senator’s corruption trial enters its second week
▼ + stars: | 2024-05-20 | by ( Gregory Krieg | ) edition.cnn.com time to read: +9 min

Here are four big questions facing Menendez, his lawyers and federal prosecutors as the trial intensifies. How hard does the defense lean on Nadine Menendez? The other half of their telling, in short, is that Nadine Menendez was the one pulling the strings — and hiding it from her husband. Republicans have been surprisingly absent from the hoopla around the Menendez trial. This dynamic could change later this week or next when Trump’s trial is expected to reach its denouement.

Persons: Sen, Bob Menendez’s, —, Menendez, Nadine, Wael Hana, Fred Daibes, Andy Kim, Lara Pomerantz, “, Pomerantz, James Bret Tate, Hana’s, Prosecutors, Nadine Menendez, Avi Weitzman, ” “, ” Weitzman, Weitzman, ”, Candace E, Hana, Will, hasn’t, Donald Trump Organizations: CNN, New, New Jersey Democrat, Garden, Democratic, Capitol, US Department of Agriculture, of Agriculture, USDA, Will Republicans, GOP, Republicans Locations: New Jersey, Egypt, Qatar, New York, Manhattan, Egyptian American, Cairo, Hana’s New Jersey, New York City

☆ This US woman traveled to Paris over 20 years ago and ended up staying for good
▼ + stars: | 2024-05-19 | by ( Tamara Hardingham-Gill | ) edition.cnn.com time to read: +9 min

Once she graduated, Regan was offered an internship at a company based in Paris in 2022, providing her with the opportunity to live in the French capital. She says that she initially anticipated living and working in the European city for a year or two. However, when Regan fell for a Frenchman named Julien, who she married in 2007, her fate was seemingly sealed. She credits this, at least partly, to the French healthcare system, which provides universal coverage for all legal residents. Courtesy Melissa Regan“I was really shocked by the price increase in inflation of groceries, for example,” she says.

Persons: Melissa Regan, “, ” Regan, she’d, ” “, ”, Regan, Frenchman, Julien, Theodore, Jefferson, she’s, Melissa Regan “, we’ve, Sejour, I’ve, Emily ’, they're, Melissa Regan Netflix, Emily, ’ ”, “ It’s, Regan can’t, they’re, It’s Organizations: CNN, CNN Travel, Paris Locations: California, New York, Vienna, Austria, France, Paris, “, United States, ”, sweats, America

☆ Poland to spend around $2.5 billion on securing eastern border
▼ + stars: | 2024-05-18 | by ( ) www.cnbc.com time to read: +2 min

Donald Tusk, Prime Minister of Poland, speaks during a press conference where Polish PM announces resignation of four ministers and nominees for the future positions in Chancellery of Polish Prime Minister in Warsaw, Poland on MAy 10, 2024. Poland will invest 10 billion zlotys ($2.55 billion) in a program to secure its eastern border, the prime minister said on Saturday, in a bid to bolster its defenses against what it says is a rising threat from Russia and Belarus. "We have decided to invest 10 billion zlotys in our security, and above all in a secure eastern border," Prime Minister Donald Tusk told a news conference. "We are starting a major project to build a secure border, including a system of fortifications as well as landscaping and environmental decisions that will make this border impossible to pass for a potential enemy." Tusk had announced plans to strengthen the eastern border earlier in May, but without giving details.

Persons: Donald Tusk, Tusk Organizations: Polish, European Union, Minsk, European Investment Bank, Sky Locations: Poland, Warsaw, Russia, Belarus, Poland's, Minsk, Russian, Europe, Ukraine, Moscow, Belarusian, Germany

☆ As Putin and Xi meet, the power dynamics between Russia and China keep the West guessing
▼ + stars: | 2024-05-16 | by ( Holly Ellyatt | ) www.cnbc.com time to read: +7 min

Pedro Pardo | Afp | Getty ImagesRussia's close relationship with superpower China is under close scrutiny as Russian President Vladimir Putin meets his Chinese counterpart Xi Jinping on Thursday. "Neither Putin nor Xi can achieve what they want to achieve, both domestically and internationally, without the support of the other. Russian President Vladimir Putin and China's President Xi Jinping leave after a reception following their talks at the Kremlin in Moscow on March 21, 2023. Russian President Vladimir Putin and Chinese President Xi Jinping during a welcome ceremony at the third Belt and Road Forum in Beijing on Oct. 17, 2023. Russian President Vladimir Putin and Chinese President Xi Jinping attend a welcome ceremony before Russia-China talks in Moscow, Russia, on March 21, 2023.

Persons: Xi Jinping, Vladimir Putin, Pedro Pardo, Putin, Sam Greene, they've, " Greene, Xi, It's, Pavel Byrkin, it's, —, Natasha Kuhrt, Russia's, Kuhrt, Sergei Savostyanov, Greene, Liu Pengyu, Mikhail Tereshchenko Organizations: Forum, International Cooperation, of, People, Afp, Getty, Xinhua, Democratic, Center for, CNBC, Analysts, Kremlin, Putin, King's College London, Russia, U.S, Reuters, Sputnik Locations: Beijing, China, Ukraine, Russia, Moscow, Central Asia, Russian, U.S, Washington

☆ I tried 23 popular frozen meals from Trader Joe's, and would buy at least half of them again
▼ + stars: | 2024-05-16 | by ( Savanna Swain-Wilson | ) www.businessinsider.com time to read: +34 min

I'm picky about instant meals, though, so I reviewed 23 of Trader Joe's frozen entrées. AdvertisementVERDICT: Although Trader Joe's penne arrabbiata could make for a satisfying, last-minute dinner, it wasn't memorable enough for me to buy again. Trader Joe's frozen section offers many different Tex-Mex and Mexican-inspired dishes, but I noticed these because of the "hatch chile" description. I thought Trader Joe's vegetable-and-cheese enchiladas were a disappointing, soggy messOnce cooked through, Trader Joe's vegetable-and-cheese enchiladas didn't impress me. I hoped Trader Joe's spicy peanutty noodle bowl with chicken would be goodI enjoyed Trader Joe's spicy peanutty noodle bowl with chicken.

Persons: —, Joe's, Wilson, Wilson I'm, it's, penne arrabbiata, I'm, fryer, Savanna, gooey Monterey Jack oozed, they're, might've, I've, provolone, Wilson Jackfruit, didn't, It's, I'd, you've, mozzarella, Bolognese, would've, bolognese, microwaving, gnocchi, it'll, chow, chiles, Wilson I, raved Organizations: Service, Business, Monterey, Wilson, Joe's Locations: Savanna, Monterey Jack, gooey Monterey, Cuban, pesto, jalapeño, gnocchi

☆ Here's the inflation breakdown for April 2024 — in one chart
▼ + stars: | 2024-05-15 | by ( Greg Iacurci | ) www.cnbc.com time to read: +5 min

That increase is largely due to dynamics in the market for crude oil, which is refined into gasoline, economists said. Annual housing inflation declined to 5.5% in April from 5.7% in March. Shelter and gasoline inflation combined contributed more than 70% of the monthly CPI increase for all items, according to the BLS. Americans' buying patterns also simultaneously shifted away from services — such as entertainment and travel — toward physical goods since they stayed at home more, driving up demand and fueling decades-high goods inflation. Wage growth has been one contributor to services inflation, for example, economists said.

Persons: Grace Cary, That's, Mark Zandi, we're, Zandi, Michael Pugliese, Trump, Stephen Brown, Pugliese Organizations: U.S . Labor Department, Moody's Analytics, Federal Reserve, of Labor Statistics, Wells, Wells Fargo Economics, U.S, U.S . Energy Information Administration, Finance, GameStop, AMC, Biden, North, Capital Economics, Supply Locations: U.S, Wells Fargo, North America

CNN —The House has passed a major federal aviation bill that aims to improve aviation safety, enhance protections for passengers and airline workers and invest in airport and air travel infrastructure nationwide. The bill renewing the Federal Aviation Administration’s authority for five years will next head to President Joe Biden to be signed into law. Setting a standard for travel creditsUnder the bill, travel credits issued by airlines in lieu of refunds would have to be useable for at least five years. Increasing cockpit voice recordingCommercial aircraft would have to carry 25-hour cockpit voice recorders under the legislation. The cockpit voice recorder is one of the two black boxes and is currently only required to capture two hours of sound from the cockpit.

Persons: Joe Biden, John F, Republican Sen, Josh Hawley of, Democratic Sen, Elizabeth Warren of Organizations: CNN, Federal Aviation, FAA, National Transportation Safety, Reagan National Airport, American Airlines, Delta Air Lines, Department of Transportation, Republican, Democratic, Transportation, Administration, NTSB Locations: Washington, Kennedy, New York City, Josh Hawley of Missouri, Elizabeth Warren of Massachusetts

☆ How my family of 6 spent nearly $9,000 on a Disney vacation — and what we'll do differently next time
▼ + stars: | 2024-05-15 | by ( Daryl Austin | ) www.businessinsider.com time to read: +9 min

First off, driving instead of flying saved us a lot of moneyMy family added a road-trip component to our trip. Daryl AustinWe saved money by driving to Disney instead of flying. AdvertisementLastly, we saved money by cutting back on character-dining experiences and sharing most of our mealsOur family split meals at Disneyland when we could. In hindsight, this means we could've saved some serious money on tickets and food costs by cutting out our last two days at Disney. Otherwise, my wife and I will be dreading the next Disney vacation nearly as much as our kids will be eagerly anticipating it.

Persons: —, Daryl Austin, That's, we'd, we've, Dole, would've, could've, Daryl Austin Disney Organizations: Service, Universal Studios, Business, Marriott, Gas, Disney, we've, Disneyland, Minnie Locations: Utah, Southern California, California, Salt Lake City, Los Angeles, Las Vegas, Marriott Anaheim, Disneyland

☆ Russia can't seem to stop this Ukrainian Cessna-style drone that, compared to missiles, is basically a 'flying brick' with a bomb onboard
▼ + stars: | 2024-05-15 | by ( Jake Epstein | ) www.businessinsider.com time to read: +7 min

Experts say these aircraft underscore the success of Ukraine's innovative long-range drone program, which Kyiv has employed to go after Russia's military and energy facilities. The Ukrainian drones are in fact slow-flying ultralight planes. And if Ukraine can find a corridor that lacks proper air-defense coverage, then the drone can effectively penetrate right through Russian territory, Hoffmann said. Notably, the Cessna-style drone underscores the success of Ukraine's ever-evolving drone program. The aircraft was converted into a drone - A-22 Flying Fox.

Persons: —, JzjMc83uA4 —, Fabian Hoffmann, it's, Hoffmann, Petersburg —, It's, Gordon Davis Jr, Davis, Ukraine's, …, obdWO5ACNA, Washington, Lance Landrum, Landrum Organizations: Service, Cessna, Business, Kyiv, University of Oslo, US Army, Center for, Fox, US Air Force Locations: Ukraine, Kyiv, Republic of Tatarstan, Russia, Republic of Bashkortostan, Bashkortostan, Russian, Tatarstan, Moscow, St, Ukrainian

☆ Live Updates: Inflation Expected to Cool Slightly
▼ + stars: | 2024-05-15 | by ( Ben Casselman | ) www.nytimes.com time to read: +9 min

Housing Inflation Remains Stubbornly High Economists had expected two measures of rental inflation to fade in 2023 and 2024, but that process is taking time to play out. There are two main measures of inflation in America, the Consumer Price Index and the Personal Consumption Expenditures index. Consumer Price Index Inflation Remains Hotter The Consumer Price Index is climbing faster than the Personal Consumption Expenditures index, in large part because it weights housing more heavily. With housing, Consumer Price Index inflation totaled 3.5 percent in March. But the convergence between new and existing rent inflation is taking a lot longer than expected.

Persons: There’s, “ It’s, ”, Mark Zandi, Biden, Zandi, grousing, “, O.E.R, We’re, would’ve, Mark Franceski, I’ve, Ernie Tedeschi, Tedeschi Organizations: New York Times, Federal Reserve, Index, Housing, Zelman, Associates, White House Council, Economic Advisers Locations: America, bam, Europe

☆ The 2024 CNBC Disruptor 50: How we chose the companies
▼ + stars: | 2024-05-14 | by ( David Spiegel | ) www.cnbc.com time to read: +5 min

These companies are upending the classical definition of disruptive innovation that shaped the creation of the Disruptor 50 list more than a decade ago. A whopping 34 of the 50 companies on our twelfth annual CNBC Disruptor 50 list claim that artificial intelligence is "critical" to their businesses. Thirteen of the 2024 Disruptors call themselves "generative AI companies," including five of the top ten on this year's list. Here's how we chose them in 2024:All private, independently owned startup companies founded after Jan. 1, 2009, were eligible to be nominated for the Disruptor 50 list. New for 2024, CNBC formed a Disruptor 50 VC Advisory Board, in an effort to leverage the valuable expertise of leading venture capital firms and investors.

Persons: disruptors, Jan, — Organizations: CNBC, Advisory, SpaceX

☆ OpenAI gives a shoutout to Nvidia — plus, a new industrial stock joins our watchlist
▼ + stars: | 2024-05-13 | by ( Jeff Marks | ) www.cnbc.com time to read: +5 min

Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. 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. Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street.

Persons: Jim Cramer, it's, OpenAI, Mira Murati, Jensen Huang, We're, Jim's, Estee, Jim, Jim Cramer's Organizations: CNBC, Microsoft, Nvidia, Dover Corp, Clean Energy, Sustainability Technologies, Club, Vision, Bloomberg, Apple Vision, U.S, Jim Cramer's Charitable Locations: Illinois, Dover, U.S, China, Estee Lauder

☆ Sergei Shoigu: Putin replaces Russia’s defense minister with a civilian, citing rising military costs and need for innovation
▼ + stars: | 2024-05-12 | by ( Anna Chernova | ) edition.cnn.com time to read: +3 min

CNN —Russian President Vladimir Putin has replaced his defense minister Sergei Shoigu with a civilian, Andrey Belousov, citing the country’s rising military spending and the need for “innovation.”Shoigu had been “relieved” of his post of Minister of Defense by presidential decree and been appointed Secretary of Russia’s Security Council, Kremlin spokesperson Dmitry Peskov said on Sunday night local time. Shoigu would also become Putin’s deputy in Russia’s Military-Industrial Commission, Peskov said, while Nikolai Patrushev, the previous Secretary of the Security Council, would “transfer to another job.”Belousov, who previously served as first deputy prime minister, is a civilian. “Today on the battlefield, the winner is the one who is more open to innovation,” Peskov said. Peskov added that the new appointment did not signal a shift in Russia’s current military system. In his new role, Shoigu will oversee Russia’s military industrial complex, Peskov said.

Persons: Vladimir Putin, Sergei Shoigu, Andrey Belousov, ” Shoigu, ”, Dmitry Peskov, Shoigu, Peskov, Nikolai Patrushev, ” Belousov, Putin, ” Peskov, It’s, Valery Gerasimov, Shoigu’s, Timur Ivanov, Ivanov, Ukraine –, Wagner, Yevgeny Prigozhin Organizations: CNN, Defense, Russia’s Security, Russia’s, Industrial Commission, Security, Russian Ministry of Defense, of Economic, Staff Locations: Ukraine, Russia

☆ Middle East Crisis U.S. Criticizes Israel for Failure to Protect Civilians in the Gaza Conflict
▼ + stars: | 2024-05-11 | by ( Michael Crowley | ) www.nytimes.com time to read: +9 min

The report also did not find that Israel had intentionally obstructed humanitarian aid into Gaza. Such a finding would have triggered a U.S. law barring military aid to countries that block such assistance. They argue that Israel has indiscriminately killed civilians with American arms and intentionally hindered U.S.-supplied humanitarian aid. Either would violate U.S. laws governing arms transfers to foreign militaries, as well as international humanitarian law, which is largely based on the Geneva Conventions. The United States provides Israel with $3.8 billion in annual military aid, and Congress last month approved an additional $14 billion in emergency funding.

Persons: Biden, Israel “, —, President Biden, Israel, Israel’s, Israel ”, Brian Finucane, Finucane, “, Chris Van Hollen, Netanyahu, Benjamin Netanyahu, Mr, ” “, ”, Josh Paul, Biden’s, John F, Kirby Organizations: State Department, Israel Defense Forces, President, Crisis, United, U.S ., Biden Administration, Israel, The State Department, Central Kitchen Locations: Israel, Gaza, United States, U.S, Rafah, Congress, Geneva, Maryland, ”

The bank's price target implies more than 35% upside. Citi also increased its price target to $47 per share from $38, which implies more than 30% upside from Thursday's $36.06 close. The firm upgraded shares of the drive-through coffee company to buy from hold and raised its target price to $46 per share from $33. Dutch Bros stock has ticked up roughly 4% in 2024, lagging the broader market. The firm upgraded the conglomerate to buy and raises its price target to $115 per share from $91.13.

Persons: abate, Jon Tower, Brian Evans, TD Cowen, Cowen, Andrew M, Charles said, — Brian Evans, Chris O'Cull, Wesley Brooks, Brooks, Brandon Nispel, Nispel, Fred Imbert Organizations: CNBC, Warner Bros, Discovery, HSBC, Citi, Cheesecake, Bros, MMM

☆ $22,000 per week? All-inclusive resorts go big to win over luxury travelers
▼ + stars: | 2024-05-09 | by ( Erica Lamberg | ) www.cnbc.com time to read: +4 min

All-inclusive hotels are making a big play for luxury travelers. In the wake of the pandemic, demand for all-inclusive resorts skyrocketed, according to a report by JLL Research Hotels & Hospitality. It was then that travelers discovered that the all-inclusive resorts of the past — known for bottom-shelf booze and quantity-over-quality dining — had changed. The numbers are even higher in Mexico, where upper upscale and luxury all-inclusive resorts accounted for more than half (55%) of its all-inclusive resorts in 2022. "In addition to elements that you receive by booking an all-inclusive resort, private and additional amenities help to elevate that experience."

Persons: Travelers —, Karina Arguello, Kelly Connor, they're, Saint Vincent, Cooper Organizations: JLL Research, Hospitality, Travelers, Marriott, Hilton, Westin, Casino, Med, AAA Club Alliance, Royal Locations: Dominican Republic, Mexico, JLL, DoubleTree, Maldives, Mauritius, Italy, France, Tignes, Caribbean, New Jersey, Grenadines, Royal Curacao, They're

☆ Ron Insana: A key market indicator is flashing a warning signal about the economy
▼ + stars: | 2024-05-09 | by ( Ron Insana | ) www.cnbc.com time to read: +3 min

The Dow Industrials represent the productive capacity of the economy, as its original focus was on the goods-producing sector. Over recent decades, the 30-stock Dow Industrials has been expanded to include important tech, telecom and services companies. The Dow Transports, whose constituents move goods and passengers across the country and around the globe, represent final demand. .DJI .DJT YTD line The Dow Industrials vs. Dow Transports in 2024 At the moment, the divergence is relatively mild. The Dow Theory might still have the benefit of experience and wisdom.

Persons: Dow Industrials, that's, it's, Ron Insana Organizations: Dow, Dow Jones Industrial, Dow Jones Transportation, Dow Transports, Transports, Utilities, Dow Theory, Federal Reserve, CNBC Locations: U.S

☆ Here are Thursday's biggest analyst calls: Apple, Sunrun, Costco, Arm, Fox, Robinhood, Airbnb & more
▼ + stars: | 2024-05-09 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

Here are Thursday's biggest calls on Wall Street: Goldman Sachs reiterates Sunrun as buy Goldman said it's sticking with its buy rating following earnings on Wednesday. " JPMorgan reiterates SolarEdge as overweight JPMorgan said it's sticking with its overweight rating following earnings on Wednesday. " Citi reiterates Airbnb as buy Citi said it's standing by its buy rating on shares of Airbnb following earnings on Wednesday. JPMorgan reiterates Instacart as overweight JPMorgan said it's sticking with its overweight rating on shares of Instacart following earnings on Wednesday. Bank of America reiterates Apple as buy Bank of America said it's sticking with its buy rating following data showing App Store strength.

Persons: Goldman Sachs, Sunrun, Goldman, JPMorgan, SEDG, Shopify, Redburn, Mizuho, Robinhood, Airbnb, Davidson downgrades TripAdvisor, Raymond James, Fox, Cantor Fitzgerald, Cantor, EVGO, it's, Wolfe, Skyworks, SWKS, we're Organizations: JPMorgan, Bloomberg, Holdings, Deutsche Bank, Emerson, Deutsche, Citi, Bank of America, Fox, of America, Solutions, Barclays, UBS, Costco, Apple Locations: EBITDA

☆ Huawei's new phone uses more China-made parts, memory chip
▼ + stars: | 2024-05-09 | by ( ) www.cnbc.com time to read: +2 min

Huawei's latest high-end phone features more Chinese suppliers, including a new flash memory storage chip and an improved chip processor, a teardown analysis showed, pointing to the progress China is making towards technology self-sufficiency. Huawei's latest high-end phone features more Chinese suppliers, including a new flash memory storage chip and an improved chip processor, a teardown analysis showed, pointing to the progress China is making towards technology self-sufficiency. Online tech repair company iFixit and consultancy TechSearch International examined the inside of Huawei Technologies' Pura 70 Pro for Reuters, finding a NAND memory chip they said was likely packaged by the Chinese telecoms equipment maker's in-house chip unit HiSilicon and several other components made by Chinese suppliers. Huawei's resurgence in the high-end smartphone market after four years of U.S. sanctions is being widely watched by both rivals and U.S. politicians as it has become a symbol of growing U.S.-China trade frictions and China's bid for technology self-sufficiency. Huawei launched the Pura 70's four smartphone models in late April and the series quickly sold out.

Persons: Huawei's, Shahram Mokhtari, Mokhtari Organizations: TechSearch International, Huawei Technologies, Pura, Pro, Reuters, Huawei, Kirin, Apple Locations: China, U.S, Washington

☆ Trump trial: Stormy Daniels cross-examination ramps up
▼ + stars: | 2024-05-09 | by ( Kevin Breuninger | ) www.cnbc.com time to read: +1 min

Court sketches of Stormy Daniels as she offers unflattering testimony about sex with Trump Artist: Jane RosenbergThis is developing news. Porn star Stormy Daniels will face cross-examination Thursday by lawyers for Donald Trump, after her first turn on the witness stand drew an angry reaction from the former president. Trump's attorneys, who began questioning Daniels on Tuesday afternoon, will likely continue their efforts to undermine her credibility and raise doubts about her account of having sex with Trump. The alleged one-night stand is a key component of the criminal hush money trial in Manhattan Supreme Court. Stormy Daniels arrives at Manhattan Criminal Court on May 09, 2024 in New York City.

Persons: Stormy Daniels, Jane Rosenberg, Donald Trump, Daniels, Judge Juan Merchan, Michael M, audibly, Merchan, Trump Organizations: Trump Artist, Trump, Criminal, Santiago, Getty Locations: Manhattan, New York City

☆ When Nvidia shares rise — these 4 global stocks have tended to rise too, according to recent history
▼ + stars: | 2024-05-09 | by ( Ganesh Rao | ) www.cnbc.com time to read: +2 min

Four stocks in the Stoxx Europe 600 index tend to rise alongside Nvidia shares, according to an analysis of share price data by CNBC Pro . The European stocks are also semiconductor focused companies: ASML, VAT Group, ASM International , and BE Semiconductor Industries . The share price performances of these technology stocks were highly correlated to Nvidia's over the past year. However, unlike the AI chip giant's 210% share price increase over the past 12 months, these stocks rose relatively moderately between 40% and 85%. A correlation of zero would indicate no statistical link between the chip maker's stock and the share price of the four companies.

Organizations: Nvidia, CNBC Pro, ASM International, BE Semiconductor Industries, Group, BE Semiconductors, CNBC Locations: Europe, U.S, Germany, lockstep, Netherlands, Swiss

☆ AstraZeneca to withdraw Covid vaccine worldwide, citing a drop in demand
▼ + stars: | 2024-05-08 | by ( Sophie Kiderlin | In | ) www.cnbc.com time to read: +2 min

In this photo illustration a covid-19 vaccine is seen with the AstraZeneca logo in the background. (Photo Illustration by Nikos Pekiaridis/NurPhoto via Getty Images)Pharmaceutical giant AstraZeneca on Wednesday said it planned to withdraw its Covid-19 vaccine as demand for it has declined. Demand for the Vaxzevria vaccine has tailed off as new vaccines tailored to specific Covid variants have emerged, AstraZeneca said in a statement. "As multiple, variant COVID-19 vaccines have since been developed there is a surplus of available updated vaccines. Next to Covid vaccines, AstraZeneca has been working on a range of other treatments for illnesses including cancer.

Persons: Nikos Pekiaridis Organizations: AstraZeneca, Getty Images, Pharmaceutical, University of Oxford, Covid, World Health Organization, European Union, Fusion Pharmaceuticals Inc Locations: U.K

☆ Less booze, more healthcare: How the spending habits of today's millennials compare to boomers 30 years ago
▼ + stars: | 2024-05-08 | by ( Madison Hoff | ) www.businessinsider.com time to read: +8 min

In the intervening 33 years, how young adults spent their money changed dramatically. Millennials are spending a lot more on healthcare and rented housingHealth insurance spending stands out between the average young adult in 1989 versus in 2022. Based on average data, young adults were spending roughly 60% more on apartments and other rented housing. Before adjusting 1989 data for inflation, young adults in 2022 spent 304% more on fresh fruits than young adults in 1989. Based on our analysis, the average young adult in 2022 was spending more on nonalcoholic beverages and less on alcoholic beverages than the average young adult in 1989.

Persons: —, Harry Met Sally, millennials, Gen Zers, Grace Hill, Gen Organizations: Service, Nintendo Game, Business, Bureau of Labor Statistics, Labor, BLS, Pew Research Center, CPI, Gallup Locations: Millennials

☆ Huawei: US revokes some export licenses for selling semiconductors to Chinese company
▼ + stars: | 2024-05-08 | by ( ) edition.cnn.com time to read: +4 min

A fourth person said some of the companies were notified on Tuesday that their licenses were revoked effective immediately. The U.S. Commerce Department earlier in the day confirmed it had revoked some licenses but stopped short of naming the companies. “We have revoked certain licenses for exports to Huawei,” the Commerce Department said in a statement, declining to specify which ones it had withdrawn. The move could hurt Huawei, which still relies on Intel chips to power its laptops, and could hurt US suppliers that do business with the company. In a regulatory filing earlier this month, Qualcomm said it did not expect to receive more chip revenue from Huawei beyond this year.

Persons: Biden, Elise Stefanik, Trump, Critics, SMIC Organizations: Singapore Reuters, Intel, Qualcomm, Huawei Technologies, U.S . Commerce Department, Huawei, Republican, Commerce Department, “, Reuters, US Locations: Washington, Singapore, United States, Republican China, American, Communist, Qualcomm’s

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