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CNBC Daily Open: Fear is the stock killer
  + stars: | 2024-10-08 | by ( Yeo Boon Ping | ) www.cnbc.com   time to read: +2 min
Michael M. Santiago | Getty ImagesThis report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. The yield curve inverted in early July 2022 and normalized in early September. It's not inconceivable, then, for investors who take stock in what the yield curve signals to panic a little. But there's an undercurrent of fear that can perhaps run contrary to what some of those numbers are saying.
Persons: Michael M, That's, Jeff Cox, It's, David Roche, Bob Parker, – CNBC's, Lisa Kailai Han, Jesse Pound Organizations: New York Stock Exchange, Santiago, CNBC, Quantum, International Capital Markets Locations: New York City, U.S
Brendan McDermid | ReutersThis report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Markets are back to contending with rising oil prices, inflation possibly reaccelerating, fewer-than-expected rate cuts and potentially even a distant recession. The yield curve inverted in early July 2022 and normalized in early September. It's not inconceivable, then, for investors who take stock in what the yield curve signals to panic a little.
Persons: IXIC, Brendan McDermid, That's, Jeff Cox, It's, David Roche, Bob Parker, – CNBC's, Lisa Kailai Han, Jesse Pound Organizations: New York Stock Exchange, Reuters, CNBC, Quantum, International Capital Markets Locations: U.S
At the top of our list: a new Coach Tabby Bag, which is now within reach thanks to Amazon's deep discounts on select colorways. There's an impressive array of other Coach bags on sale during the event, including totes, shoulder bags, and crossbody bags. The best Amazon Prime Day deals on Coach TabbysThe Tabby has enough hype as it is. Coach Tabby Shoulder Bag 20 $276.50 $395.00 Save 30% Taking over TikTok and celebrity wardrobes, the Coach Tabby is the bag of the moment. Check out our roundup of all of the best Prime Day deals, or browse Amazon's website for the full selection.
Persons: it's, whatever's, Tabbys, wardrobes, Tabby, Jelly Tabby, Women's Tabby, Cara Satchel, satchel, It's, Cassie, Heusen, Anne Klein Organizations: Business, Amazon, Sports
SKIP AHEAD The best pregnancy-safe skin care products in 2024 | How to shop for pregnancy-safe skin care | Why trust NBC Select? How I picked the best pregnancy-safe skin care productsI asked board-certified dermatologists about common pregnancy skin concerns like dryness and sensitivity and for their recommendations on pregnancy-safe formulas. The best pregnancy-safe skin care products in 2024When you’re pregnant, it may feel like you have to abandon your skin care routine and start new, but experts say that is not always the case. The fragrance-free formula has broad-spectrum protection, which means it keeps your skin safe from both UVA and UVB rays. How to shop for pregnancy-safe skin careWhen shopping for pregnancy-safe skin care, experts say the best approach involves assessing your skin’s changing needs and talking with your doctor about what ingredients you feel comfortable using.
Persons: Sejal Shah, , Rachel Nazarian, Erum Ilyas, you’re, Shah, La, Mili Godio, It’s, niacinamide, EltaMD, Posay’s, ceramides, Ilyas, Nazarian, , Squalane, “ It’s, dullness, There’s, Melasma, you’ve, they’re, retinoids, it’s, “ it’s, Oxybenzone, clary, TikTok Organizations: NBC, Dermatology, Neutrogena’s Hydro, La Roche, American Academy of Dermatology, OB, American College of Obstetricians, Alpha, National Institutes of Health, NIH, Facebook, Twitter Locations: New York, Pennsylvania, erring
A television broadcasts the Federal Reserve's interest rate cut on the floor of the New York Stock Exchange on Sept. 18, 2024. Roche said the figures made the Fed's "jumbo interest rate cut look silly, populist and panicky." 1 is that [it gives the impression that] the economy is more fragile than it is ... and the economy is fine, thank you very much, and doesn't need jumbo rate cuts," he told CNBC's "Squawk Box Europe." And headline and core inflation will stay above the Fed target of 2%, so the case for aggressive rate cuts [is not there]," he said. "Yes there is a case for modest rate cuts, there is a case for 25 to 50 basis point cuts by January next year, but a case for 50 basis point cut at the next meeting just does not exist," Parker said.
Persons: Michael Nagle, David Roche, Roche, CNBC's, " Roche, Bob Parker, Parker, Dave Pierce Organizations: New York Stock Exchange, Bloomberg, Getty, Federal Reserve, CNBC, Quantum, Federal, Market, International Capital Markets Association, Fed, Global, Capital, Dow Jones Industrial Locations: Israel, U.S
We thought replacing our carpets with vinyl-plank flooring would be pretty easy and cost $6,000. We consulted specialists at a home-improvement chain, got measurements and estimates, and chose our luxury vinyl-plank flooring. Lauren Salles GumpertThis project wasn't done once our vinyl-plank flooring was put down. AdvertisementAlso, the vinyl flooring keeps our downstairs much cooler than our carpeted upstairs, where our bedrooms are. And if I'm being honest, my young kids would've preferred the soft carpet to the harder vinyl floors, which I now cover with rugs, anyway.
Persons: we'd, , that's, Lauren Salles Gumpert, we've, it's, would've Organizations: Service
CNN —With European soccer heading into its second international break of the season, league tables are starting to take shape. Spain’s La Liga: Barcelona ease to victory, injury woes for Real MadridRobert Lewandowski is a man in form. The Gunners were also forced to come from behind against Southampton after summer signing Cameron Archer gave the Saints the lead in the second half. Unacceptable second half. Fiorentina head coach Raffaele Palladino received a red card late on, as did Hernández, but the home side held on to clinch its second win of the season.
Persons: Real Madrid Robert Lewandowski, Lewandowski, Antonio Sivera, Hansi Flick –, Bayern Munich –, Lewy, ” Flick, “ He’s, Vincent West, Federico Valverde, Vinícius, Dani Carvajal, Carvajal, stretchered, Arne Slot –, Klopp –, Diogo Jota, Mateo Kovačić, Jérémy Doku, Rodrigo Muniz, Cameron Archer, Kai Havertz, Gabriel Martinelli, Erik ten Hag, Winger Brennan Johnson, James Maddison, Yankuba, Georginio Rutter, Danny Welbeck, Bryn Lennon, Ange Postecoglou, I’ve, We’ve, , Michael Olise, Kai Pfaffenbach, Omar Marmoush, Manuel Neuer, Bayer, Holstein, Victor Boniface, Jonas Hofmann, Max Geschwill, Fiete Arp, Gea, Fiorentina Goalkeeper David de Gea, De Gea, Moise Kean, , Milan –, Viola, Theo Hernández, Matteo Gabbia, brough, Tammy Abraham, Jennifer Lorenzini, Christian Pulisic, Albert Guðmundsson, Raffaele Palladino Organizations: CNN, Liga, Real Madrid, Barcelona, La Liga, Raphinha, Bayern Munich, Reuters, Villarreal, England’s Premier League, Tottenham, Manchester City, Arsenal, Premier League, Klopp, Klopp – Liverpool, Crystal, Reds, City, Fulham, Gunners, Southampton, Liverpool . Manchester United, Aston Villa, Brighton’s American, Sunday, Spurs, Brighton, ” Spurs, Sky Sports, Bundesliga, Bayern, Leverkusen, Leipzig, Eintracht Frankfurt, Bavarian, Bayer Leverkusen, Holstein Kiel, Serie, Fiorentina Goalkeeper, Fiorentina, AC Milan, Manchester United, Milan, Reuters American Locations: Europe’s, Barcelona, Polish, La, Madrid, Liverpool, Portuguese, City, Holstein Kiel .
Check out our full Dyson V8 cordless vacuum review for the full rundown on this capable and lightweight vacuum, but below are three reasons we think you should press "add to cart" on the Dyson V8 this Prime Day. Dyson V8 Plus Cordless Vacuum $299.99 $468.00 Save 36% For a Dyson at the lowest price possible, you can't go wrong with the basic but mighty Dyson V8 Plus Cordless Vacuum. View at Amazon What we like Check mark icon A check mark. The Dyson V8 is a great entry-level option from Dyson, especially if you want to have a Dyson cleaning tool in your repertoire. The Dyson V8 is particularly well-suited to pulling dust bunnies from the carpet and suctioning fine particles in one or two passes.
Persons: We've, Dyson, Dyson's vacuums, Jamie Davis Smith Organizations: Business, Dyson, Dock
New York CNN —Fans of Whole Foods’ iconic Berry Chantilly Cake have been up in arms on social media over the past few weeks. Berry Chantilly fans say they were victims of skimpflation, a member of the shrinkflation and inflation family. Whole Foods customers were quick to catch on, and by Friday, the company announced it had reversed its changes. “Based on feedback from our customers, we will reintroduce single slices of the Berry Chantilly Cake that are the same as the classic our customers know and love,” a Whole Foods spokesperson told CNN on Friday. The cake slices will be back to their previous version by next week, the company said.
Persons: Berry, It’s, , Berry Chantilly, they’re, , ” Joseph Balagtas, Edgar Dworsky, ” Dworsky, Dworsky, Blommer, Balagtas, ” Balagtas Organizations: New, New York CNN, Foods, Purdue University, CNN, Louis Federal Reserve, Consumer, “ Manufacturers, St, Reuters, Companies Locations: New York, West Africa, North America
Chris Williams is an ex-VP of HR at Microsoft and has over 40 years of experience in his industry. If you work too hard to finish your work, it could be a sign that you're not good at your job. I assured readers that, in most cases, you're good at what you do. As the former VP of HR at Microsoft, I've seen many people struggle. But if you are taking more time than others, that's not a good sign.
Persons: Chris Williams, Williams, he's, , I've, it's, that's Organizations: Microsoft, Service, Google
X mistakenly transferred $5 million in fines to the wrong bank, said Brazil's Supreme Court. AdvertisementElon Musk's X just botched a $5 million payment in Brazil by transferring it to the wrong bank, according to Brazil's Supreme Court, Reuters reported on Saturday. In late August, Brazil's Supreme Court banned the platform for failing to comply with orders related to content moderation and for not appointing a legal representative in the country. AdvertisementOn Friday, X's legal team submitted documents showing that they paid the fines. X and the Brazil Supreme Court did not respond to requests for comment sent by Business Insider outside business hours.
Persons: X, , Elon Musk's X, Musk, Alexandre de Moraes, de Moraes, De Moraes Organizations: Service, Reuters, Twitter, Brazil's, Supreme, Business Insider, Citigroup Locations: Brazil
James Fishback, the former Greenlight analyst who said he was the head of macro, filed an arbitration claim against his old firm. AdvertisementThe age discrimination claim, according to the filing, is based on a flippant comment Fishback alleges Einhorn made. Fishback told potential backers of his firm he was the head of macro when he was at Greenlight, which prompted the now-viral dispute. The latest legal filing uses the titles "head of macro trading" and "head of macro" interchangeably. Advertisement"I pulled every penny I had invested in Greenlight and put it in Tesla," Fishback wrote on Twitter in September.
Persons: James Fishback, Fishback, David Einhorn, Greenlight, , he's, Einhorn, Toby Haselberger, Mr, Einhorn dismissively, Elon Musk, Donald Trump, Fine, outperforming Einhorn, Azoria, Ben Shapiro, Vivek Ramaswamy, Steve Rosen, Nikki Haley's, Dean Phillips, Tesla Organizations: Service, American, Association, Twitter, overpriced Ivy League, Greenlight, Azoria Partners, Democratic Locations: Greenlight, Manhattan, Tesla
Supreme Court rejects Martin Shkreli fine appeal
  + stars: | 2024-10-07 | by ( Dan Mangan | ) www.cnbc.com   time to read: +3 min
The Supreme Court in rejecting that request did not explain its reason for doing so. Shkreli's request that the Supreme Court take his appeal of federal court decision was his last chance to overturn the penalty related to the drug Daraprim . People pass outside the U.S. Supreme Court on October 7, 2024 in Washington, DC. Shkreli in June asked the Supreme Court to hear his appeal of that ruling, but only as it applied to the financial penalty. The attorney said that the Supreme Court should hear Shkreli's appeal to resolve the so-called circuit split on the question of a defendant's financial liability.
Persons: Martin Shkreli, Benjamin Brafman, Shkreli, pharma bro, Shkreli's Organizations: U.S, CNBC, Federal Trade Commission, pharma, Supreme, Vyera Pharmaceuticals, FTC, Circuit, Appeals Locations: Brooklyn, New York City, U.S, Washington ,, Manhattan, Shkreli, disgorgement
Internet personality Jack Doherty crashed his $200,000 McLaren during a livestream this weekend after appearing to look at his phone while driving in the rain. A YouTuber with nearly 15 million subscribers, Doherty, 20, is known online for his controversial prank videos and wealth flaunting. Doherty also shared clips of the aftermath, including a video of him screaming for help inside the vehicle immediately after the crash. Doherty also shared a clip of the two sitting in a hospital room, where his cameraman was getting stitches on his head. While driving his brand-new convertible for the first time, Doherty joked in the video that he’s going to “crash this car, mark my words.”
Persons: Jack Doherty, Doherty, , “ Michael, Michael, , McLaren, ” Doherty Organizations: McLaren, , YouTube, Lamborghini
NBC News spoke with four rabbis about the buzzy series, which has generated intense online reaction, including a steady stream of Brody-focused “hot rabbi” memes, since its Sept. 26 release. Nevertheless, the “hot rabbi” memes still remain a major force behind the show’s public reception. He took no issue with Brody’s “hot rabbi” character and his lifestyle. “Yeah, I’m a hot rabbi. Like Zinkow, Rabbi Sari Laufer was cautious about the show — and planned to avoid it altogether.
Persons: Maya Zinkow, Kristen Bell, podcaster, , Adam Brody, Berkeley’s Hillel, , ” Zinkow, Steve Leder, ” Adam Brody, ” Saeed Adyani, Rabbi Noah Roklov, Brody, Bell, Angelino, Harry Met Sally, , Erin Foster, Foster, Hugh Grant, Joanne —, adam brody, Seth Cohen, Adam Brody’s rizz, Leder, ” Leder, “ It’s, Noah, — Leder, Zinkow, I’m, Joanne, Rabbi Noah, Rabbi Sari Laufer, ” Laufer, Stephen Wise, Laufer, Rabbi Leora Kaye, Noah’s, Bina, Rebecca, Emily Arlook, ” “, Kaye, it’s, Jackie Tohn, Esther, NBC’s, That’s, ” Foster, “ They’re Organizations: University of California, NBC News, NBC, Netflix, Wilshire Boulevard Temple, Guardian, Stephen Wise Temple and Schools, Central Conference of American, Los Angeles Times, Jewish, Hallmark Locations: , Brody, Israel, U.S, Wilshire Boulevard, Los Angeles, “ Notting, Fleabag, New York, endogamy
Business Insider asked experts about what job seekers do and don't need to have on a résumé. But beware: What you include and leave out and how your résumé looks could shape your chances of getting hired. With that in mind, job seekers may want to leave out certain things on their résumé that potential employers don't really care about. Don't make the résumé unreadable and unprofessionalNorton said she would move on if a résumé was in "unprofessional formatting." Don't include a line about referencesHaller said people include on their résumé "references available upon requests."
Persons: , Stacie Haller, ResumeBuilder.com, They're, Vicki Salemi, There's, Maggie Norton, we've, Haller, Norton, Salemi, it's, résumés, I've, It's Organizations: Service
"Insecure"/HBO"I'm a coffee shop girl," the LA native told Business Insider in September during New York Fashion Week. I'm braving myself for the day," Rae continued. "A red flag is just the sensitivity; you can always tell when people aren't being honest with you." Advertisement"The first day will always be spent procrastinating or finding things wrong and reasons I can't start, and I need to allow for that day," Rae added. "So, I recognize the perfect amount of time is three days, and by that third day, I'm off."
Persons: Issa Rae's, Issa Dee, It's, millennials, Rae, Justin Bieber, Chloe, Halle, Issa Rae, Rae friended, Barbie, Max, Gallo, Hannah Diop, I'm, I've, Deniese, that's, Deniese Davis, Davis, Rae's, She's, Talitha Watkins, she's, Z, it's Organizations: LA, Business, New York, YouTube, Facebook, Atlanta Records, WarnerMedia, Sienna Naturals Locations: Inglewood, Los Angeles, The, SoHo, New, Hilltop, California, San Francisco, LA, Miami
Instead, she estimates she’s lost upward of $15,000 since Hurricane Helene hit her Bryson City, North Carolina, bakery and vacation rental a week ago. Floodwaters receded quickly this week from downtown Bryson City, N.C. Courtesy Gianna CarsonA view of Bryson City shortly after Helene swept through, swamping local storefronts. The Folkestone Inn, a 10-room hotel in Bryson City, lost more than $10,000 within three days as at least 32 people canceled reservations through October, said co-owner Toni Rowe. Isaac Herrin lost most of the inventory in his boutique retail shop, Selah Collection, to flooding last week.
Persons: Gianna Carson’s, she’s, Hurricane Helene, who’ve, Gianna Carson, Helene, Gianna Carson Bryson, Carson, “ I’ve, ” I’ve, Bryson, Karen Proctor, Proctor, Toni Rowe, Isaac Herrin, , Herrin, Airbnb, Vrbo, ” Herrin Organizations: Hurricane, Yellowstone —, Chamber of Commerce Locations: Bryson City , North Carolina, Swain County, Smoky, Bryson City, N.C, Gianna Carson Bryson City, Swain’s, Asheville, Buncombe County, Swain, Folkestone, Bryson, n.c, , Hendersonville, Carolinas, Florida, Georgia, Tennessee
The specific cruise ship you go on — and the room you're in — can determine what kind of time you have. Research your shipWhen you cruise, the ship is your hotel, your mode of transportation, your restaurants, and oftentimes, it provides professional entertainment, too. Your cruise ship isn't merely a way to get from point A to point B. If you can, avoid a noisy cabin right under the pool or on a deck right above or below the theater." Most cruise drink packages don't begin until you leave ports of call, so you can usually only get included drinks while you're sailing.
Persons: , I've, Judy Schwartz, Schwartz, lounging, You'll, she's Organizations: Service, U.S, Royal Locations: , Hawaii, Alaska, Scotland, Ireland, Norwegian, Bahamas, Labadee, Haiti, Royal Caribbean, France, Tallinn, Estonia
Scientists grow mystery tree from 1,000-year-old seed
  + stars: | 2024-10-05 | by ( Katie Hunt | ) edition.cnn.com   time to read: +6 min
But it doesn’t mean that scientists aren’t interested in bringing the past back to life in some form. Dig thisThe tree, which the study authors believe may have a biblical connection, is seen at 12 years old. Remarkably, the tree thrived and now stands 10 feet (3 meters) tall, although it has never flowered or produced fruit. Using DNA sequencing, the researchers identified the mystery tree as part of the Commiphora genus, but its exact species is unknown and likely extinct. Scientists aim to extract DNA from the remains to learn more about those buried there and whether they were related.
Persons: — it’s, aren’t, Guy Eisner, Sarah Sallon, Louis, Tom Little, Alfred Nobel, didn’t, Johannes Fritz, , Ashley Strickland, Katie Hunt Organizations: CNN, Natural Medicine Research, Reuters Archaeologists, Vikings, International Union for Conservation of, NASA, , US Navy, — Marvel, CNN Space, Science Locations: , Judean, Jerusalem, India, Åsum, Denmark, Denmark’s, Swedish, Morocco, Europe, Austrian
The company launched its first Amazon Go convenience store featuring a new kind of technology, called "Just Walk Out." In 2020, the company began licensing Just Walk Out technology to third parties, signing on retailers in stadiums, airports and hospitals. The company discontinued some of its retail chains, closed eight Amazon Go stores, and hit pause on new Fresh store openings. While it's no longer featuring Just Walk Out as prominently in its own stores, Amazon says it has inked deals with a growing list of customers. Amazon in July updated the AI system behind its Just Walk Out technology to handle all the inputs in a store simultaneously.
Persons: Jeff Bezos, Charlie Rose, Bezos, Andy Jassy's, It's, Jordan Berke, Berke, Walmart's, Jon Jenkins, Jenkins, Amazon's, CNBC Jenkins Organizations: Amazon, Foods, Anadolu, Getty, Bloomberg, Walmart, Kroger, Target, CNBC Locations: San Mateo , California, United States, China, Seattle , Washington, Amazon's Seattle
Chef Akshay Bhardwaj shared red flags to look out for when trying a new high-end Indian restaurant. AdvertisementWhen it comes to fine dining Indian cuisine, Chef Akshay Bhardwaj understands the challenge that Indian chefs face when balancing authenticity with American palettes. "Indian fine dining, as a concept, is a relatively recent phenomenon that has picked up in the last 10 to 15 years, especially in America," Bhardwaj told Business Insider. Bhardwaj told Business Insider that his first advice for anyone wishing to taste modernized Indian items is to "come with an open mind and just try." AdvertisementAs someone who has worked closely on developing menus and reimagining traditional Indian flavors with a global twist, he knows when something is amiss and shared the top five red flags he looks out for when he's craving a high-end Indian meal.
Persons: Akshay Bhardwaj, , He's, Jamun —, Bhardwaj Organizations: Service, Bloomberg Locations: Indian, Goa, India, America, New York
Once upon a time, Heather Graham really wanted to play a murderer. Fresh off career-making turns as the porn star Rollergirl in "Boogie Nights" and the short shorts-wearing CIA agent Felicity Shagwell in "Austin Powers: The Spy Who Shagged Me," Graham wasn't having trouble getting work. "I'm just really intrigued, not only as an actress but as an audience member, by movies that are from a female storytelling perspective." But Graham didn't dwell on what could have been. The network just didn't really believe in it, and they pulled it after an episode.
Persons: Heather Graham, Fresh, Felicity Shagwell, Austin Powers, Graham wasn't, Patty Jenkins, Aileen Wuornos, Graham, Jenkins, I'm, Charlize Theron, Graham didn't, Ann, imbuing, Kyle MacLachlan, Julia Stiles Heather Graham, Bridget Jones, Julia Stiles, I'd, Heather, hadn't, she'd, Richard Cartwright, could've, Liane Moriarty, Deb Fisher, Ginny, Georgia, Annie, Annie didn't, David Lynch, Cooper, Lara Flynn Boyle, weren't, Mark Frost Organizations: CIA, Disney, Entertainment, Getty, ABC
If the person you're dating makes you choose between them and your business, pick your business. AdvertisementIf the person you're dating forces you to choose between your business and them, you should probably cut them loose, Kevin O'Leary says. "I just can't because I'm so busy and I've got to keep my business going, I've got to graduate my degree. I'm going to guess that if you can't work this out, you're going to just do fine." "You're obviously going to be wildly successful, you're going to get somebody else."
Persons: Kevin O'Leary, , O'Leary, Logan Paul, That's, I've, Phil, She's, " O'Leary, that's, he's, He's Organizations: Service, LinkedIn
As Apple prepares Apple Intelligence to jump into Silicon Valley’s AI race, it’s relying on one of its strongest advantages: Its army of 34 million app developers. IPhone users will get their first taste of Apple Intelligence, the company’s artificial intelligence system, later this month. The company is relying on Apple Intelligence to be the strongest selling point for the iPhone 16, its latest generation of smartphones. That’s something other company’s AI chatbots cannot currently do, and to accomplish this, Apple is beckoning its army of third-party developers to fine tune their apps to collaborate with Apple Intelligence. Another drawback is that Apple Intelligence features will only be available on the latest iPhones, a small subset of the total iPhone user base.
Persons: Google’s, Siri, Apple, “ Siri, , Apple’s Kelsey Peterson, Siri conversationally, Jordan Morgan, Apple’s, Morgan, Michael Tigas, ” Tigas, Siri aren’t, Hey Siri, James, they’ve, Igor Zhadanov Organizations: Apple, Apple Intelligence, Superhuman, CNBC Locations: Siri, Readdle
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