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Valued at $4 billion in 2021, Cerebras is reportedly seeking to roughly double that in its IPO. The customer, G42, is backed by Microsoft , and it's entirely responsible for the $1.43 billion purchase commitment. G42 can pick up $500 million more in Cerebras shares if it commits to spend $5 billion on the company's computing clusters. The major Wall Street banks, for their part, are finding other ways to play in the burgeoning AI infrastructure market. Fitch, who said he sold out of his Nvidia stock years ago, told CNBC that the benefits outweigh the risks.

Persons: Andrew Feldman, Ramsey Cardy, Cerebras, —, David Golden, it's, prepayment, CFIUS, Mike Gallagher, Gina Raimondo, Goldman Sachs, Morgan Stanley, JPMorgan Chase, Young, There's, Peter Thiel, Eva Marie Uzcategui, there's, Thiel, Jim Fitch, Fitch, Feldman Organizations: Cerebras Systems, Nvidia, Revolution Ventures, JPMorgan Chase, Microsoft, AstraZeneca, GlaxoSmithKline, Mayo Clinic, Treasury, Foreign Investment, Reuters, Chinese Communist Party, JPMorgan, Citigroup, Barclays, BDO, KPMG, Deloitte, Ernst, Riverstone Networks, CoreWeave, Clarium Capital Management LLC, Bloomberg, Getty, Mizuho Securities, Venture, CNBC, Devices Locations: Toronto, U.S, Sunnyvale , California, Abu Dhabi, China, Miami , Florida, Los Angeles, Florida

☆ Hubble telescope captures Jupiter’s Great Red Spot contracting like a stress ball
▼ + stars: | 2024-10-11 | by ( Ashley Strickland | ) edition.cnn.com time to read: +7 min

CNN —New observations of Jupiter’s Great Red Spot captured by the Hubble Space Telescope show that the 190-year-old storm wiggles like gelatin and shape-shifts like a squeezed stress ball. Although storms are generally considered unstable, the Great Red Spot has persisted for nearly two centuries. Recently, a separate team of astronomers peered into the heart of the Great Red Spot using the James Webb Space Telescope to capture new details in infrared light. The Great Red Spot seems to wiggle like a bowl of gelatin over the 90-day period. NASA/ESA/STScI/Amy SimonThe new Hubble study fills in more pieces of the puzzle about the Great Red Spot, Fletcher said.

Persons: Hubble, it’s, ”, Amy Simon, we’ve, ” Simon, James Webb, Leigh Fletcher, Simon, ” Fletcher, Joseph DePasquale, Mike Wong, “, Wong, Fletcher Organizations: CNN, Hubble, Science, Planetary Sciences, Goddard Space Flight, NASA, ESA, of Geophysical Research, UK’s University of Leicester, University of California Locations: Boise , Idaho, Greenbelt , Maryland, Berkeley

☆ When Europe’s railroad dining cars were the height of luxury
▼ + stars: | 2024-10-11 | by ( Oscar Holland | ) edition.cnn.com time to read: +11 min

The most luxurious experience of them all, however, could be found in the dining car. The latter was the first train car to offer on-board meals, including regional specialties like gumbo, which were prepared in a 3-foot-by-6 foot kitchen. By the 1870s, dining cars could be found on sleeper trains across North America. But this decentralized production model also contained the seed of dining car’s ultimate demise. And despite a revival of interest in train travel on the continent, dining cars (or certainly those equipped with kitchens) are now largely the preserve of tourist services.

Persons: —, impeccably, Henri Opper de Blowitz, Francois Guillot, Graham Greene, Agatha Christie, Charles Dickens, George Pullman, ”, Pullman, Georges Nagelmackers, Arthur Mettetal, “, René Prou, glassmaker, ” —, Mettetal, ” Mettetal Organizations: CNN, Orient Express, Gare de, Getty, New, Compagnie Internationale des, Orient, Nord, Express, “, Pullman, Deco, Italy —, Bettmann, SNCF, Documentation Department Locations: Gare, Gare de l’Est, Paris, Europe, Constantinople, Istanbul, AFP, Britain, America, New York, North America, Belgian, Saint Petersburg, Lisbon, France, North Africa, East, London, Vichy, Switzerland, Italy, Toulouse

☆ AI is transforming fraud prevention in digital payments. Here's how.
▼ + stars: | 2024-10-11 | by ( Sponsor Post | ) www.businessinsider.com time to read: +6 min

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

☆ Another key US inflation gauge fell in September
▼ + stars: | 2024-10-11 | by ( Alicia Wallace | ) edition.cnn.com time to read: +2 min

CNN —Inflation for US producers slowed further in September, adding to hopes that prices aren’t getting jacked up before they get to consumers. The annual rate is running faster than the 1.6% gain economists expected, according to FactSet estimates; however, August’s rate was revised higher from the initial 1.7% estimate, so prices still fell in September. PPI is important because it’s often seen as a bellwether for the price increases consumers will wind up paying down the line. On Thursday, the Consumer Price Index — a measurement of average price changes for commonly purchased goods and services — cooled to 2.4%, its lowest rate since February 2021. As a result, Fed officials have now shifted from trying to contain inflation to trying to keep the job market healthy, the other half of their so-called dual mandate.

Persons: Price, that’s Organizations: CNN, of Labor Statistics, PPI, Federal Reserve

☆ JPMorgan Chase is set to report third-quarter earnings – here's what the Street expects
▼ + stars: | 2024-10-11 | by ( Hugh Son | ) www.cnbc.com time to read: +1 min

JPMorgan Chase is scheduled to report third-quarter earnings before the opening bell Friday. The biggest American bank has thrived in a rising rate environment, posting record net income figures since the Fed started hiking rates in 2022. Now, with the Fed cutting rates, there are questions as to how JPMorgan will navigate the change. Last month, JPMorgan dialed back expectations for 2025 net interest income and expenses, and analysts will want more details on those projections. Wells Fargo is scheduled to release results later Friday, while Bank of America , Goldman Sachs , Citigroup and Morgan Stanley report next week.

Persons: Chase Jamie Dimon, JPMorgan Chase, Jamie Dimon's, Wells Fargo, Goldman Sachs, Morgan Stanley Organizations: Chateau, JPMorgan, LSEG Revenue, Trading, American, Fed, KBW, Bank of America, Citigroup Locations: Versailles, Paris, Wells

☆ 'That's it?' Morgan Stanley rips Tesla robotaxi event for lack of detail
▼ + stars: | 2024-10-11 | by ( Pia Singh | In | ) www.cnbc.com time to read: +4 min

Wall Street has been fairly hot-and-cold on Tesla stock this year — and its highly anticipated robotaxi unveiling on Thursday isn't helping to improve investor sentiment. As such, we anticipate TSLA to be under pressure following the event," Jonas, the firm's head of global auto and shared mobility research, said in a Friday note to clients entitled "That's it? TSLA YTD mountain Tesla stock this year. Simply put, the event failed to offer a significant bright spot for Tesla's stock, according to Jonas. The analyst has an eye on Tesla's expectation to start fully autonomous, unsupervised FSD in Texas and California for its Model 3 and Model Y electric vehicles.

Persons: Morgan Stanley's Adam Jonas, Jonas, Tesla, Elon Musk's, Musk, TLSA, Tesla's, FactSet Organizations: Investors, Morgan Locations: Los Angeles, FSD, Texas, California

☆ 3 money moves you can make today to feel wealthy, according to CFPs
▼ + stars: | 2024-10-11 | by ( Judy Lagrou | In Judylagrou | ) www.cnbc.com time to read: +3 min

Luckily, feeling wealthy is less about the money in your bank account and more about your attitude toward the money you already have. In short, your ability to feel wealthy depends on "what your experiences and perceptions on money are." This involves letting go of a well-known number like $1 million and embracing your personal financial journey, she says. Goals such as establishing an emergency fund or improving your credit score, when reached, can help you feel wealthy without having to build a huge net worth. In other words, you don't need $1 million in hand today to feel wealthy — just a plan to grow your money over time.

Persons: Paul Morrone, —, Rachel Elson, Elson, Morrone, There's Organizations: Northwestern Mutual Locations: North Haven , Connecticut, San Francisco , California

☆ AMD launches AI chip to rival Nvidia's Blackwell
▼ + stars: | 2024-10-10 | by ( Kif Leswing | ) www.nbcnews.com time to read: +5 min

AMD launched a new artificial-intelligence chip on Thursday that is taking direct aim at Nvidia’s data center graphics processors, known as GPUs. In the past few years, Nvidia has dominated the majority of the data center GPU market, but AMD is historically in second place. The new AI chip is the successor to the MI300X, which started shipping late last year. Most industry estimates say Nvidia has over 90% of the market for data center AI chips. The new CPUs are particularly good for feeding data into AI workloads, AMD said.

Persons: Lisa Su, Nvidia’s, ”, Su, That’s, ” Su Organizations: AMD, Nvidia, Meta, Microsoft, Blackwell, Intel, workloads

Social Security recipients can expect a 2.5% cost-of-living adjustment (COLA) increase in their payments starting in 2025 amid cooling inflation. On Thursday, the Bureau of Labor Statistics reported the 12-month consumer price index inflation rate hit 2.4% in September. The Social Security Administration calculates the annual COLA based on consumer price growth in the months of July, August and September. That, advocates say, is proof that seniors and other Social Security recipients are facing a declining standard of living. “Congress knows this problem is going on, but the gridlock can’t seem to solve anything, much less the third rail of politics that is Social Security,” said Shannon G. Benton, executive director of the Senior Citizens League, an advocacy group.

Persons: ”, Mary Johnson, Shannon G, Benton Organizations: of Labor Statistics, Social Security Administration, for Social Security, Data, Bureau of Labor Statistics, Social, Social Security, CPI, “, Senior Citizens League Locations: Washington

☆ Here's the next data point to watch as Wall Street eyes a 'no landing' scenario for the US economy
▼ + stars: | 2024-10-10 | by ( Kelly Cloonan | ) www.businessinsider.com time to read: +4 min

A big jump in retail spending would be the next data point indicating a "no landing" of the economy. A no-landing scenario occurs when strong economic growth fuels inflation and hinders rate cuts. Bank of America analysts expect September retail sales data, set for release on October 17, to show a 0.8% surge. "Monthly retail sales data can be volatile. If retail sales accelerate considerably, in our view, the narrative may shift further toward 'no landing' or even re-acceleration," they said.

Persons: —, Helene Organizations: Service, Bank of America, Bloomberg, Federal Reserve, Bank, America

☆ Watch CNBC's full interview with JPMorgan President & COO Daniel Pinto
▼ + stars: | 2024-10-10 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with JPMorgan President & COO Daniel PintoBank outlooks are always an important part of quarterly earnings but given the Fed's 50-basis point cut this quarter, executive commentary on future performance in this easing cycle could be the biggest determinant of share performance. Normally, at the beginning of such a cycle, floating-rate loans reprice downward faster than deposits, creating a short-term headwind on net interest income. JPMorgan President & COO Daniel Pinto weighs in on what the industry looks like from the other side of rate cuts – and how long any pressures may last.

Persons: Pinto, Daniel Pinto Organizations: JPMorgan, Pinto Bank

☆ Elon Musk is about to reveal Tesla's Robotaxi. Uber and Lyft should be nervous.
▼ + stars: | 2024-10-10 | by ( Ana Altchek | ) www.businessinsider.com time to read: +6 min

Tesla is expected to unveil a new service at its Robotaxi event that will impact Uber and Lyft. The ride-hailing industry has so far been dominated by two major players — Uber and Lyft — and Gawrelski said Tesla's Robotaxi could mark a new challenger jockeying for market share. Uber, Lyft, and Tesla did not immediately respond to a request for comment. Ives said Tesla's Robotaxi event will be a historical day for the auto industry — and it will pressure Uber to seek out more partnerships. In September, Waymo announced that its Waymo One ride-hailing service would be available to users in Austin and Atlanta exclusively through the Uber app.

Persons: Tesla, Uber, —, Elon Musk's, Musk, There's, Wells, Ken Gawrelski, Gawrelski, there's, Morgan Stanley, — Uber, Lyft, Tesla's, jockeying, he's, Wolfe, Shweta Khajuria, Robotaxis, Khajuria, Waymo, Dan Ives, Ives, FSD, Cruise, Dara Khosrowshahi, Khosrowshahi Organizations: Service, Hollywood, Elon, Wolfe Research, EV, Los Angeles, Starbucks Locations: Austin, Atlanta, San Francisco, Phoenix, Los

☆ Ripple launches crypto storage services for banks in bid to diversify
▼ + stars: | 2024-10-10 | by ( Ryan Browne | ) www.cnbc.com time to read: +4 min

U.S. blockchain startup Ripple made a major foray into crypto custody on Thursday, launching new services aimed at helping banks and financial technology firms to store digital assets on behalf of clients. The crypto custody market is forecast to reach at least $16 trillion by 2030, according to the Boston Consulting Group. Ripple said that custody is one of the fastest-growing areas for the startup, with Ripple Custody posting customer growth of over 250% year-over-year growth this year and operating in seven countries. Last year, Ripple acquired Metaco, a firm that helps other entities store and manage their crypto, in a bid to boost its nascent crypto custody business. The company this year also acquired Standard Custody & Trust Company, another crypto custody firm, to further bolster its efforts.

Persons: Ripple, Aaron Slettehaugh Organizations: CNBC, Boston Consulting, HSBC, BBVA, Societe Generale, DBS, XRP, Trust Company, U.S . Securities, Exchange Commission, SEC Locations: San Francisco, Swiss

Learn moreThe October Prime Day event is almost over, and there are only a few hours left to get the best Amazon Prime deals. Below, we've compiled the 100+ best Prime Day deals you can get right now. Tech and gaming Prime Day dealsWhether you're an Apple aficionado looking for a good deal or a gamer yearning for a PS5, Prime Day has you covered. View at AmazonFor more highlights of Prime Day sales on Amazon products, check out our roundups of the best Prime Day Fire TV Stick deals and best Prime Day Amazon Echo deals. You can find the top sales in our guides to the best women's Prime Day clothing and shoes, men's Prime Day clothing and shoes, and Prime Day coach bags.

Persons: we've, there's, Bose, Apple, We've, it's, shams, Dyson, OmniForce, Bissell, Ashley Caitbrook, Ashley, you've, recyclables, callouts, Dyson Airwrap, ”, Gabrielle Chase, “, wardrobes, Tabby, clogs, Pullover Organizations: Business, Amazon Prime, Apple, Samsung, PlayStation, LG, Amazon, Apple AirPods, Amazon Bose, Amazon LG, Tech, Sony, Google, Slim, Air, MacBook, Amazon Apple, Amazon Samsung Galaxy Watch, Galaxy Watch, Garmin, Amazon Samsung, Galaxy, Alexa, Kindle, Casper, Pillow, Dyson, Upright, Bissell, AMD, futon, Amazon Philips, Chatelet Air, DELTA, Delta, Philips, Adidas Locations: Amazon, Keurigs

☆ What’s it like to play Rafael Nadal on clay? We asked Djokovic, Ruud and Dimitrov
▼ + stars: | 2024-10-10 | by ( Charlie Eccleshare | ) www.nytimes.com time to read: +19 min

The players we heard from, including world No 1 Novak Djokovic, almost unanimously described playing Nadal on clay as “the toughest test in tennis”. Ruud’s words call to mind Andy Roddick’s famous “first your legs, then your soul” description of Novak Djokovic, so what exactly makes playing Nadal specifically so terrifying? GO DEEPER Why you should be excited about this year's tennis clay court swingLet’s start with the ultimate, ultimate test — playing Nadal on Chatrier. Nadal beat Monfils in the 2016 Monte Carlo final (Michael Steele/Getty Images)Corentin Moutet, the world No 79, played Nadal at the French Open two years ago. But perhaps it’s fitting that the only person who has properly got the better of Nadal on clay is Rafael Nadal himself.

Persons: Rafael Nadal’s, ” Casper Ruud, Rafael Nadal, Philippe, Chatrier, Roland Garros, Nadal, Ruud, Novak Djokovic, ”, Monfils, Tim Clayton, Corbis, Karen Khachanov, Andy Roddick’s, Roger Federer, Serena Williams, Arthur Ashe, Djokovic, Rod Laver, — Djokovic, “, ” Nadal, It’s, Novak, Alexander Zverev, Zverev, Arnold Schwarzenegger, Philippe Chatrier, can’t, ” Zverev, Nadal’s, Sebastian Korda, “ He’s, ” Korda, Korda, Julian Finney, Clive Brunskill, haven’t, Kecmanovic, Rafa, ” Khachanov, “ It’s, there’s, Federer, Grigor Dimitrov, —, ” Dimitrov, Neal Simpson, ” Bergs, Monte, Michael Steele, Moutet, I’ve, Yannick Hanfmann, Nadal didn’t, ” Hanfmann, Bergs, ” Ruud, “ I’m, Fabio Fognini, Andy, Roger, Nole, Hubert Hurkacz, Mike Hewitt, Mateo Villalba, Dan Goldfarb Organizations: Nadal, Getty, PlayStation, Centre Court, Federer, Monte Carlo, Wimbledon, Athletic Locations: Monte Carlo, Madrid, Rome, German, Chatrier, Paris, Australia

The financial firm upgraded the athletic apparel stock to a buy rating from hold and raised its price target to $97 from $83. — Lisa Kailai Han 6:48 a.m.: Goldman Sachs trims Microsoft price target Goldman Sachs is still bullish shares of Microsoft , despite a minor price target adjustment. However, she accompanied the move by lifting her price target to $80 from $75. Analyst Andrew Mok accompanied the rating change by lifting his price target to $82 from $63. To be sure, he did raise his price target by $10 to $235, implying upside of nearly 10%.

Persons: Joseph Civello, Civello, Caitlin Clark, Lisa Kailai Han, Goldman Sachs, Kash Rangan, Rangan, Bernstein, Harshita Rawat, Venmo, Cash, Rawat, — Lisa Kailai Han, Shagun Singh, Singh, Medtronic, Andrew Mok, Mok, Stephen Tusa, Tusa, divestitures, YTD, Fred Imbert Organizations: CNBC, Barclays, JPMorgan, Honeywell International, Nike, Microsoft, PayPal, RBC, RBC Capital Markets, CVS, Aetna, Honeywell, Dow Jones Industrial Locations: buybacks, Wednesday's

☆ Consumer price inflation slows in September
▼ + stars: | 2024-10-10 | by ( Alicia Wallace | ) edition.cnn.com time to read: +1 min

CNN —Price increases have slowed considerably from their peak two years ago and are now rising at a similar pace to inflation in 2017 and 2018, according to new inflation data released Thursday. The Consumer Price Index, which measures price changes across commonly purchased goods and services, was 2.4% for the 12 months ended in September, slowing from a 2.5% annual rate in August, according to the latest Bureau of Labor Statistics report. On a monthly basis, prices rose 0.2%, in line with the advance in August but faster than economists’ projections of 0.1%. A jump in food prices combined with ongoing shelter-related price-hikes pushed the overall CPI higher last month, BLS said. Still, economists say that inflation is headed in the right direction, because the factors that pushed prices higher during the pandemic era have largely faded while demand has slowed to more normal levels.

Persons: CNN — Price, – Organizations: CNN, Labor Statistics, BLS

Amazon Prime Day is here, giving Prime members exclusive access to hundreds of deals. If you’re looking to get some early holiday shopping done or want to upgrade your collection of hair tools, Amazon is currently discounting the Dyson Airwrap, which is one of my favorite styling gadgets. It’s rarely on sale, but for the next 48 hours, you can get it for $100 off. Using the smoothing dryer attachment, I will rough dry my hair about 80% of the way. Included attachments: 1.2-inch long barrel, 1.6-inch long barrel, soft smoothing brush, firm smoothing brush, smoothing dryer, round volumizing brush | Included accessories: storage case, filter cleaning brush | Heat settings: 3 | Digital display: no | Max heat: 302 degrees FahrenheitWhy trust NBC Select?

Persons: Dyson, I’m, TikTok Organizations: Amazon, NBC, Facebook, Twitter

☆ Solana cryptocurrency could rally 400% if Trump wins election, Standard Chartered says
▼ + stars: | 2024-10-09 | by ( Ryan Browne | ) www.cnbc.com time to read: +2 min

The solana cryptocurrency could outperform ether and bitcoin in a big way if former President Donald Trump wins the U.S. election, according to Standard Chartered. In a new research note, the bank's head of digital assets, Geoffrey Kendrick, outlined his expectations for bitcoin, ether and solana depending on whether Trump or his Democratic opponent Vice President Kamala Harris wins the presidential election. "Similar arguments can be made for the relative outlook for ETH versus BTC under a Trump versus Harris outcome in the US," Kendrick added. If Harris takes the White House, however, Kendrick said he expects bitcoin to outperform ether, and ether to outperform solana in 2025. Solana valuation Despite his bullish call on solana under a Trump presidency, Kendrick noted that its current valuation looks "richly priced" versus ether on all backward-looking measures.

Persons: solana, Donald Trump, Geoffrey Kendrick, Trump, Kamala Harris, Solana, Harris, Kendrick Organizations: Chartered, Democratic, Trump, solana, solana ETF, ETH, BTC Locations: solana, Solana

☆ Disney prices just went up again. Here’s how to get a discount
▼ + stars: | 2024-10-09 | by ( Natasha Chen | ) edition.cnn.com time to read: +10 min

Jeffrey Talajic, who runs MagicTripTools.com, analyzed Florida park prices at Walt Disney World and Universal Resort Orlando going back to 1990, using data from the Orlando Sentinel newspaper. Talajic found that Disney World raised prices 22 out of the past 35 years, and Universal raised theirs 23 times. Jeffrey Talajic/MagicTripTools.comMindy Marzec, who runs the travel website thisfairytalelife.com, said she always jokes that three things in life are certain: death, taxes and Disney parks raising ticket prices. In Florida, guests can save between $60 and $200 per night on Disney World ticket and hotel packages for much of the first half of 2025. Another deal on the Disney World website offers hotel discounts between 10% and 25% on many dates from January through April.

Persons: Jeffrey Talajic, ”, Jessica Good, “, Walt, Price, Talajic, Universal, Mindy Marzec, Marzec, ” Marzec, wouldn’t, he’s, ” Gavin Doyle –, –, ” Doyle, ” Talajic, bookable Organizations: CNN, Disneyland –, Disneyland, Disney, Disneyland Resort, Walt Disney, Walt Disney World, Universal Resort Orlando, Orlando Sentinel, Universal, Animal, Costco, Southern, Disney Food Locations: California, Florida, Anaheim, Southern California, Magic Kingdom

☆ See Michael Jordan's new private jet, a $65 million Gulfstream G650ER with a flamboyant custom paint job
▼ + stars: | 2024-10-09 | by ( Pete Syme | ) www.businessinsider.com time to read: +3 min

Michael Jordan appears to have taken delivery of a Gulfstream G650ER. AdvertisementMichael Jordan appears to have taken delivery of a new private jet worth around $65 million. A Gulfstream G650ER with a flamboyant custom paint job, including the Jumpman logo, was filmed on the tarmac at Palm Beach International Airport in a video uploaded to TikTok on Monday. It also has space for its own bedroom, but it's unclear exactly how the interior of Jordan's jet is configured. According to JetSpy data, Jordan's G650ER has flown 13 times in the past two weeks, most of which appear to be related to the delivery process.

Persons: Michael Jordan, Elon Musk, Mark Zuckerberg, —, TikTok, Jeff Bezos, Jordan —, Jordan, G650ER Organizations: Gulfstream, Palm Beach International, Service, Federal Aviation, Elon, Nike, Chicago Bulls, Charlotte Hornets, Gulfstream G550 Locations: Tokyo, Florida

☆ Bridgit Mendler's space startup Northwood passes first test, connecting prototype antenna to Planet satellites
▼ + stars: | 2024-10-09 | by ( Michael Sheetz | In Michaeljsheetz | ) www.cnbc.com time to read: +4 min

The company's prototype antenna "Frankie" during testing in North Dakota on Oct. 5, 2024. North Dakota testingSetting up the company's prototype antenna in the early hours of Oct. 2, 2024. Northwood SpaceLast week the Northwood team was out in remote Maddock, North Dakota, to test its prototype antenna — "fondly dubbed Frankie," Mendler notes — by connecting to a Planet satellite in orbit. We're proud to be a part of this breakthrough in ground station technology," Planet senior director of global ground networks Joseph Breu said in a statement to CNBC. Northwood Space

Persons: Griffin, Bridgit Mendler, Mendler, Northwood, Frankie, Joseph Breu Organizations: Software, Northwood, CNBC, Service, Northwood Space Locations: Northwood, Segundo , California, North Dakota, Maddock , North Dakota

☆ There may be a trade opportunity in this e-commerce stock. How to play it with options
▼ + stars: | 2024-10-09 | by ( Tony Zhang | ) www.cnbc.com time to read: +3 min

With a surprisingly strong labor market, consumer spending has remained resilient and e-commerce stocks like Shopify (SHOP) present attractive opportunities. This price action indicates strength and suggests that the stock has found a strong base from which it can continue higher. With the stock now trading above its breakout level and positive momentum continuing to build, the chart supports further upside. The trade: To express a bullish outlook on Shopify, I'm suggesting selling the Nov 22, $82/74 Put Vertical @ $3.10 Credit. This structure entails: Selling the Nov 22 $82 Put @ $5.85 Buying the Nov 22 $74 Put @ $2.75 View this link in OptionsPlay with updated pricing.

Persons: Shopify, Shopify's Organizations: Forward, CNBC, NBC UNIVERSAL

☆ As AI innovation takes hold, business leaders need to think cross-functionally and keep learning, says Maggie Hulce, Indeed's chief revenue officer
▼ + stars: | 2024-10-09 | by ( Julia Hood | ) www.businessinsider.com time to read: +8 min

Maggie Hulce is Indeed's chief revenue officer and a member of BI's Workforce Innovation board. Cross-functional understanding, Hulce said, is an essential skill for today's C-suite as executives navigate the innovation juggernaut of artificial intelligence. How are you and other business leaders driving AI adoption in companies? You can have lots of different functional leaders who grew up in and have expertise in their function — but when you're solving customer problems, you're solving operational problems. These are customer problems, end to end.

Persons: Maggie Hulce, —, Hulce, Chris Hyams, it's Organizations: Service, Business, Pathfinder, Companies, Technology

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