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☆ Daniel Ricciardo: How driver went from a ‘shy’ teenager to one of F1’s most effervescent characters
▼ + stars: | 2024-09-16 | by ( Samuel Joseph | Sam Joseph | ) edition.cnn.com time to read: +12 min

Australian former F1 driver Mark Webber partakes in Ricciardo's infamous 'Shoey' celebration, drinking champagne out of Ricciardo's race boot. Ricciardo became the 14th Australian driver to start a race when he made his debut for HRT F1 Team in 2011. He replaced Dutchman Nyck de Vries mid-season at the junior team, renamed to AlphaTauri and rebranded as the “sister team” to Red Bull. Red Bull realitiesRicciardo’s return to Red Bull marked a full circle moment for the Aussie, having joined the team’s academy in 2008. Despite having a contract for the next two seasons, incumbent Red Bull second driver Sergio Pérez is on the hotseat after recent struggles.

Persons: CNN — Daniel Ricciardo, –, Sebastian Vettel, Ricciardo, Honey, ” Ricciardo, ”, Rudy Carezzevoli, Blake Mills, Blake, “ He’s, ’, “ Josh, I’ve, “, I’m, Mark Webber partakes, Mark Thompson, Jack Brabham, Alan Jones, Mark Webber, Oscar Piastri, Jack Doohan, Toro Rosso, Webber, Vettel, Lewis Hamilton, Nico Rosberg, Red Bull, Max Verstappen, Lando Norris, McLaren’s, Bull, Nyck de Vries, it’s, Peter Fox, don’t, you’re, “ I’ve, De Vries, Alex Albon, Pierre Gasly, ‘ Let’s, ’ ”, Red, Liam Lawson, Sergio Pérez Organizations: CNN, Red Bull, CNN Sport, Brabham, HRT, McLaren, Australian, Bull’s, Austrian, Mercedes, Monaco, Renault, Prix, Formula, One Locations: Perth, Western Australia, Ngilgi, Australia, Ricciardo's, Australian, Melbourne, Canada, Hungary, Belgium, Monaco, British, Hungarian, Europe

☆ This is what all of your wealthy adult friends did this summer
▼ + stars: | 2024-09-15 | by ( Brittany Chang | ) www.businessinsider.com time to read: +1 min

Adult-only summer camps have been exploding in popularity. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementForget Euro summer — travelers want to return to summer camp. The nostalgic art of sharing bunks and canoeing with new friends is no longer reserved for kids at summer sleepaway camps. Lately, an increasing number of grown-ups have begun flocking to adult-only summer camps, some for as steep as $1,200 a day.

Persons: Social's, — Organizations: Service

☆ Why finding a job is so awful right now
▼ + stars: | 2024-09-15 | by ( Tim Paradis | ) www.businessinsider.com time to read: +9 min

I'm still unemployed," Jolles told Business Insider. AdvertisementIn any case, Jolles, who describes himself as an "older" tech worker, felt depleted by the job search in California. Averett believed the position wasn't a good fit for her, but she also knew from her experience in HR how tough a job search could be. As someone who works in HR, she gets what it's like to be inundated with applications from job seekers like her. Given how fruitless his job search has been, Cash plans to soon give it up.

Persons: —, David Jolles, I'm, Jolles, It's, Nick Bunker, Bunker, Jason Henninger, Heller, bupkis, Jenitta Averett, Averett, she's, — Averett, it's, Kevin Cash, he'd, Cash, Uber, he's, I've, Kevin Cash Ben Boxer Cash's Organizations: Service, Business, UPS, LinkedIn, Navy Locations: Silicon Valley, It's, Atlanta, America, Georgia, California, Covid, Hampton , Virginia, Portland , Oregon

☆ I was born in 1996, but I don't feel like a millennial. I'm stuck between generations.
▼ + stars: | 2024-09-14 | by ( Courtney Bublé | ) www.businessinsider.com time to read: +5 min

Read previewLast year, The Washington Post published a piece about Gen Z reviving the millennial "going out top." This is for those of us born in the late 1990s on the cusp of both the millennial and Gen Z markers. While I do have some firsthand memories, unlike Gen Z, the bulk of millennials were older kids or teens and thus more capable of processing what happened. I feel nostalgic for things I wasn't part ofFrom boy bands to platform flip-flops, I often feel nostalgic for a millennial culture I didn't fully experience. Turning 30 feels a bit like the "last call" on the millennial generation's being considered young; I write with some melancholy.

Persons: —, I've, Snapchat, Hannah Montana, Z, zillennials haven't, Taylor Swift Organizations: Service, Washington Post, Penguin, Pew Research Center, Business, Elon University, AIM, Facebook, Disney Channel, Wii Locations: Manhattan

☆ How Bear Grylls spends his 5 to 9 — from walking barefoot outdoors to cold plunges
▼ + stars: | 2024-09-14 | by ( Rachel Hosie | ) www.businessinsider.com time to read: +9 min

But it was a first when Bear Grylls joined our call while hiking in rugged, rural north Wales where he lives. Only seeing him abseil down a mountain with his phone in one hand would have made the set-up any more classic "Bear Grylls." Obama and Grylls on "Running Wild with Bear Grylls." We also make some really good healing mushroom cacao hot chocolates with raw milk and honey, and it's just insanely good. I'm really lucky, I sleep really well.

Persons: I'm, Bear Grylls, Grylls, It's, wasn't, Barack Obama, chow, Zac Efron, Obama, I've, Ian Forsyth, we're, You've, Shara, Karwai Tang, they're, it's Organizations: Eton College, Business, Special Air Service, Delta Force, NBC, British Army, SAS, Royal Marines Locations: Wales, North Wales

☆ Tesla is poised for a breakout, according to the charts
▼ + stars: | 2024-09-13 | by ( Frank Cappelleri | ) www.cnbc.com time to read: +4 min

Before we get into the charts, it's important to discuss the process of choosing to write about TSLA this week. In other words, oftentimes, the most comprehensive method to locate constructive trade set-ups is reviewing a big list and taking note of the charts that look attractive. That's why I frequently intentionally do NOT look at the chart's stock symbol while going through a long list. I want the chart, and only the chart, to be the factor that influences my decision to potentially buy or sell it. Thus, seeing the above potential breakout attempt come to fruition would have a meaningful impact on its longer-term trend, too.

Persons: TSLA, That's, Frank Cappelleri Organizations: Tesla, CNBC, NBC UNIVERSAL

☆ My 56-year-old mom lives rent-free in our house. She contributes by doing chores and childcare, but communicating expectations can be hard.
▼ + stars: | 2024-09-13 | by ( Emylee Williams | ) www.businessinsider.com time to read: +6 min

My mom moved in when she was 55, admittedly a little early. Even though my mom is now working full-time, our multigenerational setup still works for our childcare needs and her financial goals. AdvertisementLogisticsWhen my mom moved in, there was a learning curve, and still is, as to where everything goes. My mom moved around and whittled her belongings down, but somehow, she filled three rooms at my house and a storage unit. I see my mom having so many special moments with our daughter.

Persons: —, We're, I've, We've Organizations: Service, Business, Costco

☆ MicroStrategy stock pops 8% after company ups bitcoin holdings to $14.6 billion
▼ + stars: | 2024-09-13 | by ( Mackenzie Sigalos | ) www.cnbc.com time to read: 1 min

MicroStrategy shares jumped more than 8% on Friday after founder Michael Saylor said the company purchased another $1.1 billion worth of bitcoin. The stock jumped 24% for the week and is now up 124% this year. MicroStrategy's stash of 244,800 bitcoins is worth $14.6 billion. Founded in 1989, MicroStategy has a business in enterprise software and cloud-based services, but its value is now almost entirely tied to its bitcoin ownership, effectively making the company a proxy for the world's biggest cryptocurrency. It is the biggest corporate holder of the asset, according to Bitcoin Treasuries.

Persons: Michael Saylor, Saylor, MicroStategy, Bitcoin

☆ My mom lives rent-free in my house. I love the childcare support, but setting household expectations makes me want to throw up.
▼ + stars: | 2024-09-13 | by ( Emylee Williams | ) www.businessinsider.com time to read: +6 min

Persons: —, We're, I've, We've Organizations: Service, Business, Costco

☆ Here’s the inflation breakdown for August 2024 — in one chart
▼ + stars: | 2024-09-11 | by ( Greg Iacurci | ) www.cnbc.com time to read: +5 min

"We'd expect inflation to continue to subside," though with "some ups and downs" in the data from month to month, House said. Housing inflation is falling but still highInflation for physical goods spiked as the U.S. economy reopened in 2021. Shelter is largest component of the CPI, and therefore has an outsized effect on inflation readings. Such data quirks mask positive news in the real-time rental market, which has seen minimal inflation for about two years, economists said. However, shelter CPI inflation has appeared to defy gravity lately: It increased on a monthly basis for two consecutive months, from 0.2% in June to 0.4% in July, and then to 0.5% in August.

Persons: Grace Cary, Sarah House, It's, hasn't, Paul Ashworth, Ashworth, — Organizations: Wells, Wells Fargo Economics, U.S . Department of Labor, North, Capital Economics, U.S . Federal, Finance, CPI, BLS Locations: U.S, Wells Fargo, North America

☆ $11 billion ExodusPoint just made a concession on fees. It could be the start of a massive change for hedge funds' biggest names.
▼ + stars: | 2024-09-11 | by ( Bradley Saacks | ) www.businessinsider.com time to read: +4 min

You can opt-out at any time by visiting our Preferences page or by clicking "unsubscribe" at the bottom of the email. download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Multi-strategy hedge funds, led by Citadel, Millennium, and Point72, had churned out returns in turbulent markets with limited volatility. In that environment, even the multi-strategy funds not among the sector's top tier were able to demand long lock-ups and high fees. Bobby Jain's new fund launched with $5.3 billion in July after there were whispers of him raising $10 billion six months prior.

Persons: —, Michael Gelband, Goldman Sachs, Bobby Jain's, Doug Haynes, Justin Young Organizations: Service, Citadel, Tiger, Business, Millennium, Street, FT, Bloomberg, of Texas, Treasury, Multilateral Endowment Management Company, Oklahoma State Foundation, LinkedIn

☆ Raygun, viral Australian Olympic breakdancer, ranked No. 1 in the world by sport's governing body
▼ + stars: | 2024-09-10 | by ( Minyvonne Burke | Minyvonne Burke Is A Senior Breaking News Reporter For Nbc News. | ) www.nbcnews.com time to read: +3 min

Australian Olympic breakdancer Rachael Gunn, who went viral during the Paris Games, was ranked number one in the world by the sport's governing body. "Raygun ranked world number one after Paris Olympics controversy — how funny is this? The Paris Games as well as the Olympic qualifier events in Shanghai, China, and Budapest, Hungary, did not contribute to the ranking. "In alignment with the Olympic Qualification System, ranking events were intentionally not held between 31 December 2023 and the Olympic Games Paris 2024. Gunn defended her Olympic performance in a recent interview with the Australian current affairs show "The Project," saying that she wanted to "bring out some Australian moves and themes."

Persons: Rachael Gunn, Gunn, Raygun, she's, It's Organizations: Paris Games, Continental, Olympic, Paris, Olympic Games, BK, Olympics Locations: Shanghai, China, Budapest, Hungary

☆ The US Army is looking into artillery shells that fly farther after its new cannon projects flopped
▼ + stars: | 2024-09-10 | by ( Chris Panella | ) www.businessinsider.com time to read: +4 min

Read previewThe Army is on the lookout for new longer-range artillery shells after canceling some of its plans for new cannons. Army Secretary Christine Wormuth discussed plans at the 2024 Defense News Conference last week when she spoke on some of the potential follow-ups for longer-range artillery after the cancellation of its Extended Range Cannon Artillery program. "We still believe that we have a requirement for, you know, sort of an artillery system with that kind of range," Wormuth said. Advertisement"I think we may also be looking at sort of what we call, you know, 'innovating at the round,' looking at what can we do with the actual round to increase the range," Wormuth said recently. The Army is also still at work on ramjet-powered artillery shells, which have estimated ranges around 93 miles.

Persons: —, Christine Wormuth, Wormuth, Doug Bush, weren't, Lance Cpl, Matthew Bragg ERCA, Mark Esper, Diego Herrera Carcedo Organizations: Service, Cannon Artillery, Business, Army, US Marine Corps, US Army, Anadolu Agency, Getty Locations: China, Russia, Ukraine

☆ Apple loses EU court battle over 13 billion euro tax bill in Ireland
▼ + stars: | 2024-09-10 | by ( Arjun Kharpal | ) www.cnbc.com time to read: +1 min

Europe's top court on Tuesday ruled against Apple in the tech giant's 10-year court battle over its tax affairs in Ireland. The pronouncement from the European Court of Justice comes hours after Apple unveiled a swathe of new product offerings, looking to revitalize its iPhone, Apple Watch and AirPod line-ups. In 2014, the European Commission, the European Union's executive arm, opened an investigation into Apple's tax payments in Ireland, the tech giant's headquarters in the EU. Apple and Ireland appealed the Commission's decision in 2019, and in 2020 the EU General Court sided with the U.S. tech giant. The EU's second-highest court anulled the Commission's 2016 decision and said that the executive arm did not prove that the Irish government had given Apple a tax advantage.

Organizations: Apple, European Court, Apple Watch, CNBC, European, Reuters, European Commission, EU, The, Ireland, U.S Locations: Ireland, U.S, London, Dublin

☆ WFH with kids isn't easy, but neither is working in an office. As a parent, I think strict RTO policies are a mistake.
▼ + stars: | 2024-09-10 | by ( Katie Matthews | ) www.businessinsider.com time to read: +6 min

Even with all the challenges it brings as a parent, I have zero interest in ever working in an office again. It took my kids a while to understand that "going to work" means leaving the house for most people. One of us often had to work less to make it work, and we've each taken turns. Remote work has proven that office irritations are not a requirement for making a living, and I am happy to give them up. It would be a mistake to destroy all the hard-won progress we've made in making remote work a viable option by enforcing strict RTO policies.

Persons: —, it's, We've, we've, I've, chatty, ensnaring Organizations: Service, Business, International Workplace Locations: naptimes

☆ Starting college life? Here are 5 tips to manage mental health
▼ + stars: | 2024-09-10 | by ( Andrea Kane | ) edition.cnn.com time to read: +8 min

(CNN) — College students are carrying a lot of baggage with them as they head off to campus this fall — and not just the usual dorm accoutrements. One of the biggest challenges facing students, Roy said, is the same one confronting society at large. Know that relationships will evolveRelationships with family members and friends will likely change during college, Roy said. “Often, what’s needed is a caring, compassionate support system and time to navigate the ups and downs of college life,” she said. We hope these five tips help set up your family for a successful transition to college life.

Persons: Sanjay Gupta, it’s, Dr, Nance Roy, Roy, ” Roy, “ They’ve, ‘, ’ ”, ”, “ Organizations: CNN, — College, US Centers for Disease Control, JED, Yale School of Medicine’s, “, ” Locations: Gaza

☆ BMW downgrades 2024 outlook over brake issues and weak demand in China
▼ + stars: | 2024-09-10 | by ( ) edition.cnn.com time to read: +1 min

BMW cut its profit margin forecast for the year Tuesday due to sluggish demand in China, its key market, and problems related to a braking system supplied by Continental, sending the carmaker’s shares close to a two-year low. The German luxury carmaker said delivery hold-ups linked to the braking system would have a negative effect on sales in the second half of the year, adding that more than 1.5 million cars were affected. Overall, BMW said, it will incur “a high three-digit-million amount” in warranty costs in the third quarter as a result. BMW also flagged ongoing muted demand in China affecting sales in the country, joining the automakers facing difficulties in the world’s second-biggest economy, which is also the world’s largest auto market. “Despite stimulus measures from the government, consumer sentiment remains weak,” BMW said.

Persons: ” Organizations: BMW, Continental, ” BMW Locations: China

Covid lockdowns, such as school closures, canceled sports activities and stay-at-home orders, prematurely aged teen brains by as much as four years, researchers from the University of Washington found. Lead researcher Patricia Kuhl, co-director of I-LABS, said that after Covid lockdowns began in 2020, they couldn’t do brain scan follow-ups until 2021. Pandemic lockdowns resulted in unusually accelerated brain maturation in adolescents. The research doesn’t prove the lockdowns caused the brain changes — mental health disorders were rising among children even before Covid. Another brain scan study in 2022 from Stanford University showed similar changes in cortical thickness in teen brains during Covid restrictions.

Persons: Covid, Patricia Kuhl, Covid lockdowns, ” Kuhl, Kuhl, Ellen Rome, they’re, ”, Jonathan Posner, Posner, there’s, It’s, Parkinson, Karin Zaugg Black, Delia Organizations: University of Washington, National Academy of Sciences, university's Institute for Learning, Brain Sciences, Cleveland Clinic Children’s Hospital, Rome, University of Washington's Institute for Learning, Stanford University, Stanford, Centers for Disease Control, CDC, Duke University School of Medicine Locations: Seattle

☆ ‘Perfect waves and no crowds:’ Angola could be the surfing world’s best-kept secret
▼ + stars: | 2024-09-09 | by ( Claudia Elorza | ) edition.cnn.com time to read: +7 min

Their business is dedicated to promoting Angola as a surf destination while supporting local communities and sustainable development in the surf tourism industry. But it’s the prevailing winds, which bring long waves and easy surf, that make it a surfing paradise. It’s known locally as “Praia do Surfistas,” or Surfers’ Beach. The Angola Waves team provides them with cooked meals to keep energy levels up for huge ocean sessions. “I will miss surfing these perfect waves with no crowds!”

Persons: Bizuka Barros, Golan, Barros, Henrique Almeida, ”, Paulo Agusto, “, Gillas Cros, Paulo Rodrigues, It’s, Tchyina Matos, Matos, Cabo Ledo, ” Agusto, Ledo, Sergio Torres, Cecilia Organizations: CNN, Reuters, Praia, Radical Association, Angola, NASA Locations: Hawaii, Portugal, California, Australia, Angola, Portuguese, Israel, Luanda, Cabo Ledo, wilder, Catanas, Tomuba

Dili, East Timor CNN —Pope Francis received a rapturous welcome from the tiny Southeast Asian nation of East Timor, one of the world’s most Catholic countries, where more than half the population is expected to turn out for an open-air mass on Tuesday. People wait for Pope Francis to arrive at the Cathedral of the Immaculate Conception in Dili, East Timor, on September 10, 2024. Pope Francis greets Catholic worshipers in Dili, East Timor, on September 10, 2024. Four hundred years of ensuing Portuguese colonial rule led to the widespread spread of Catholicism in East Timor and other cultural differences from Muslim-majority Indonesia. East Timor is also on track to become the 11th member of the Southeast Asian bloc ASEAN, which could happen next year.

Persons: East Timor CNN — Pope Francis, Francis, Pope Francis, Firdia, ”, Willy Kurniawan, Francis ’, Carlos Ximenes Belo, Pope Francis ’, Pope John Paul II, Christina Kheng, ” Pope Francis, Guglielmo Mangiapane, Bishop Belo, Jose Ramos, Belo, Groene Amsterdammer, defrocked, Richard Daschbach, Xanana Gusmao, Mary, Bishop, Suharto’s Organizations: East Timor CNN, Timor Leste, Catholic Church, Timor, CNN, Asian Pastoral Institute, Reuters, US, Australia, Southeast, ASEAN, Vatican, Belo, East Timor, Jakarta, UN Locations: Dili, East Timor, Asia, strollers, Dili , East Timor, Timor, Indonesia, Papua New Guinea, Singapore, Australia, Portuguese, East, United States, Horta, Portugal, Santa Cruz, East Timor’s, Bishop Belo, Indonesian, Jakarta, Australian

☆ Syphilis is at its highest levels since the 1950s. Here's how experts are trying to fix that.
▼ + stars: | 2024-09-08 | by ( Simar Bajaj | Simar Bajaj Is A Marshall Scholar | Award-Winning Journalist Covering Stigmatized Diseases | ) www.nbcnews.com time to read: +14 min

Soon after, the mother’s syphilis test — given to all women before delivery — came back positive. In 2022, the Centers for Disease Control and Prevention reported more than 200,000 syphilis cases — the highest counts since 1950. Spreading the word about syphilisSome public health departments have launched eye-popping awareness campaigns, trying to raise the alarm among both the public and health care providers. Make syphilis testing convenientBeyond greater awareness, access to testing and treatment needs to be quick, easy and convenient, Chokshi said. But permanently bending the syphilis curve will require scaling these efforts nationally and promoting greater coordination between health care and public health.

Persons: Irene Stafford, Stafford, —, It’s, could’ve, they’re, ”, Kenneth Mayer, Mayer, Dave Chokshi, Donna Fox, Fox, ” Fox, “ We’re, “, Lucas, they’ve, we’re, ” Stafford, Chokshi, Jessica Leston, Jessica Leston “ We’re, ” Leston, Trojan Carvajal, Jai Winchell, Winchell, Arlene Seña, it’s, ” Seña, don’t, Seña, that’s, ” Chokshi Organizations: University of Texas Health Sciences Center, Centers for Disease Control, CDC, Fenway Institute, Common Health Coalition, Health, Lucas County Health Department, Alaska Natives, Johns Hopkins School of Medicine, STI, Mobile Care Clinic, Shasta, University of North, Hospital, University of Chicago, U.S, Fenway Health Locations: Houston, U.S, Boston, New York, Toledo, Lucas County, Ohio, Texas, Alaska, Cass, Minnesota, California, Shasta County, Oregon, Shasta, University of North Carolina, Grady, Atlanta, America

☆ America's shopping spree is over and retailers are facing a new world of cautious consumers
▼ + stars: | 2024-09-08 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +6 min

Read previewAmerica's wild, multi-year shopping spree has come to an end — and retailers who got used to Americans dropping cash on just about everything are in a tough spot. US retail sales came in stronger than expected in July, with Americans spending more overall compared to the prior month, according to Census data. Around 40% of consumers said they planned to pare back spending on accessories, home decor, jewelry, and furniture, per McKinsey's survey. We're now back in an environment where good retailers, strong brands that offer compelling value … will benefit," Siegel said. In the meantime, that could mean more pain for retailers, Siegel said, speculating that many were caught by surprise by the shift in consumer sentiment.

Persons: —, Ted Rossman, Rossman, pare, Simeon Siegel, Siegel, We're, SPDR Organizations: Service, Business, McKinsey & Company, Bankrate, Customers, BMO, Challenger, Walmart, Target, San Francisco Fed, Primerica Locations: FactSet

☆ Boeing reaches deal with union to avoid strike
▼ + stars: | 2024-09-08 | by ( Chris Isidore | ) edition.cnn.com time to read: +5 min

New York CNN —Boeing and the Machinists union, which represents 33,000 of its employees on the West Coast, have reached a tentative deal that could avoid a strike that had been set to start this Friday. Before it will take effect, the deal would need the approval of the rank-and-file union members who build commercial jets. But leadership of the union praised the tentative deal and said it achieved the union’s goals. The deal represents Boeing’s biggest pay raise for union members. The deal also includes increased job security for union members with a promise to build the next new airplane at one of the union-represented plants in the Puget Sound region.

Persons: “, “ We’ve, ” Stephanie Pope, Max, ” Jon Holden, Brandon Bryant, Dave Calhoun, ” Calhoun, “ We’re, we’re, ”, Kelly Ortberg Organizations: New, New York CNN, Boeing, International Association of Machinists, Aerospace Workers, Boeing’s, Puget, Boeing Boeing, Alaska Airlines, UPS, General Motors, Ford, Union, ” Company Locations: New York, West Coast, South Carolina, Seattle, Portland , Oregon

☆ Stellantis to recall over 1 million Ram vehicles due to brake system software
▼ + stars: | 2024-09-07 | by ( Robert Ilich | ) edition.cnn.com time to read: +1 min

CNN —Car manufacturer Stellantis is recalling more than 1.2 million Ram 1500 vehicles due to a software malfunction in the anti-lock brake system (ABS), according to the National Highway Traffic Safety Administration. The vehicles being recalled include certain 2019, 2021-2024 Ram 1500 trucks, the NHTSA said Saturday in a statement. Also, the ABS, ESC, Adaptive Cruise Control and Forward Collision Warning indicator lights would illuminate when the vehicle started up to show the systems are unavailable. Dealers will update the ABS software for free of charge. The recall comes after a similar recall in June that affected almost 158,000 Ram 2500 pick ups.

Persons: ” Stellantis, Stellantis Organizations: CNN, National, Traffic Safety Administration, Company, ESC, ABS, Cruise Control, Ram

☆ This semiconductor ETF just had its worst week since 2020. Here's what's next
▼ + stars: | 2024-09-07 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +4 min

The VanEck Semiconductor ETF (SMH) sank 11.7% in the Labor Day-shortened, four-day trading week. That was its worst week since a 15.2% drop in March 2020, spurred by the Covid lockdown. SMH 3M mountain This semiconductor ETF just had its worst week since 2020. VanEck itself launched a somewhat narrower version of the fund — the VanEck Fabless Semiconductor ETF (SMHX) , with 22 stocks — last month. Looking ahead, investors will likely get updates from several chipmakers next week at the Goldman Sachs Communacopia + Technology Conference.

Persons: it's, Cantor Fitzgerald, CJ Muse, Muse, —, Bernstein, Stacy Rasgon, Rasgon, VanEck, Nick Frasse, Frasse, Goldman Sachs, CNBC's Gina Francolla Organizations: VanEck Semiconductor, Labor, Nvidia, Taiwan Semiconductor Manufacturing, Wall Street, SOX, CNBC, Intel, Broadcom, Semiconductor, Technology Conference, Devices Locations: VanEck

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