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Paul Tazewell was 16 years old and living in Akron, Ohio, the first time he designed costumes for “The Wiz.” It was a high school production, and much of the work happened in his family’s dining room. He has been summoned back to Oz several times since that first show — a workshop here, an NBC broadcast there. So when the director Jon M. Chu asked him to design the costumes for Universal’s long-awaited film adaptation of the Broadway musical “Wicked,” there was little learning curve to speak of. A prequel of sorts to “The Wizard of Oz,” “Wicked” centers on two reluctant roommates at Shiz University: Galinda, an effervescent daughter of privilege who goes on to drop a vowel (that first “a”), and Elphaba, a green-skinned outcast who goes on to pick up a title (the Wicked Witch of the West).
Persons: Paul Tazewell, Jon M, Chu, Oz Organizations: NBC, Shiz University, Galinda Locations: Akron , Ohio
Small-caps, small-cap value, non-US value stocks are expected to outperform with low valuations. Research Affiliates Founder Rob Arnott sees a bear market ahead for large-cap growth stocks. That spells trouble for the S&P 500, which is heavily made up of giant growth stocks like Apple, Microsoft, and Nvidia. Small-cap stocks, small-cap value stocks, and non-US value stocks are all poised to deliver at least 10% returns annually over the next 10 years, he said. Small-cap value stocks (Russell 2000 Value index) are also cheap, with a 14 CAPE ratio.
Persons: Rob Arnott, Arnott, Russell, Vanguard Russell Organizations: Research, Apple, Microsoft, Nvidia, Russell, Equity, Vanguard Locations: Japan, Europe, U.S
CNN —Thanksgiving dinner will cost less this year than last but will still be 19% higher than before the pandemic, according to the American Farm Bureau Federation’s annual Thanksgiving survey out Wednesday. The average cost of this year’s dinner for 10 people is $58.08, or about $5.80 per person, the survey found. The center piece of the Thanksgiving meal, the turkey, helped bring down the overall cost. But items like cubed stuffing and dinner rolls both increased by 8% because of higher labor costs, the AFBF said. The cost of the Thanksgiving dinner items varies based on location, the survey found.
Persons: , Bernt Nelson, , Zippy Duvall, Joe Biden, Donald Trump Organizations: CNN, American Farm Bureau, American Farm Bureau Federation, Cranberries, Farm Bureau Locations: Puerto Rico, Midwest
Expectations are high for Nvidia's earnings. Momentum behind Nvidia's Blackwell ramp Wall Street majors view Nvidia's Blackwell platform — which should be generally available in the January quarter — as a multibillion-dollar revenue opportunity for the chipmaker. Nvidia had said in August that it expected about "several billion" in Blackwell sales during the January quarter. According to Piper Sandler analyst Harsh Kumar, Nvidia could deliver between $5 billion and $8 billion of Blackwell revenue in the January quarter. Analysts are also largely undeterred by recent concerns about a recent report from The Information that Nvidia's Blackwell NVL-72 server racks are experiencing issues with overheating.
Persons: Blackwell, Nvidia's, Piper Sandler, Harsh Kumar, Kumar, Goldman Sachs, Goldman, Toshiya Hari, Nvidia's Blackwell NVL, Vivek Arya, Hopper, Atif Malik, Hari, Nvidia's Hopper, Wells Fargo's Aaron Rakers, Ruben Roy, Roy Organizations: Nvidia, Blackwell, Citi, Nvidia's Blackwell, Bank of America, HSBC, Hopper, Data, Elon
Back in late September, I laid out a bearish thesis on Apple and the trade expired last Friday and resulted in a 100% gain. Apple (AAPL) continues to face significant headwinds, with disappointing iPhone 16 sales, growing competition in augmented reality, and underwhelming progress in artificial intelligence (AI). China's slowing economy has weighed heavily on Apple, exacerbating challenges in one of its largest markets. While Apple boasts industry-leading net margins of 24%, its expected EPS growth of 11.6% and revenue growth of 6.9% provide limited justification for this valuation premium. With iPhone sales growth faltering and the lack of a clear catalyst from AI or AR/VR initiatives, AAPL's premium valuation remains increasingly difficult to sustain.
Persons: AAPL Organizations: Apple, Apple Intelligence, Meta, Microsoft, CNBC, NBC UNIVERSAL Locations: OptionsPlay
AdvertisementI've learned to spot red flags while booking a lot of vacation rentals online during my travels. I'm skeptical of listings with photos that use wide-angle lenses to make spaces look bigger. A never-ending vacation may sound relaxing but it means I'm always looking for my next accommodation and hoping it's good. I've stayed in gorgeous farmhouse lofts, high-rise city apartments, and desert hideaways — but I've also booked a few duds along the way. Here are five questions I use to spot red flags when booking lodging, no matter which website or app I use.
Persons: I've, I'm
AdvertisementPristina Mok has worked at some of Singapore's top Michelin-star restaurants, like Odette and Zen. After a few years at Odette, she worked at Zen, a three-Michelin-star restaurant serving Nordic dishes with Asian influences. Fine dining, apartment-styleMok's cozy fine dining restaurant seats eight guests three times a week. Aditi BharadeUpon entering Fragment, guests are often greeted by Pebble, Mok's poodle. AdvertisementScaling down has its drawbacksWhile her husband helps her plate and serve the dishes, Mok handles most of the workload.
Persons: Pristina Mok, Odette, Mok, Aditi Bharade, Lionel Lim, Aditi Bharade Mok, , hadn't Organizations: Michelin, National Gallery of Singapore, Zen, Raffles Locations: Pristina, Mok's, Singapore, Hokkaido
Nvidia to report third-quarter earnings after the bell
  + stars: | 2024-11-20 | by ( Kif Leswing | ) www.cnbc.com   time to read: +1 min
Nvidia CEO Jensen Huang arrives at the launch of the supercomputer Gefion, at the Vilhelm Lauritzen Terminal in Kastrup, Denmark, Oct. 23, 2024. Nvidia reports fiscal third-quarter earnings Wednesday after the market closes. Here's what Wall Street is looking for, per LSEG consensus estimates:Revenue : $33.16 billion: $33.16 billion Earnings per share: 75 cents, adjustedHow Nvidia sees the current quarter shaping up is even more important than the results. Wall Street expects Nvidia to forecast 82 cents per share on $37.08 billion in sales. In August, Nvidia said it expected about "several billion" in Blackwell sales during the January quarter.
Persons: Jensen Huang, Blackwell Organizations: Nvidia, Vilhelm, Microsoft, Google, Oracle, Blackwell Locations: Kastrup, Denmark
Growing up in Dixie, surrounded by more common names like Mary and Jane, made me who I am. Mary, Jane, or Ann would do nicely. AdvertisementIn the company of my peers a name like Dixie meant being teased, even tormented, with nowhere to hide. AdvertisementI've embraced my unusual nameKids weren't the only ones to think my name was an invitation to innuendo and amusement. AdvertisementI have to wonder if I would have developed a milder personality if Dad had his way and I'd ended up a Mary, Jane, or Ann.
Persons: Mary, Jane, David, Nobody, didn't, Ann, Dixie Diane, Dixie, Hey Dix, giggles, Richard, it's, I've, Badfinger, Dizzy Gillespie, Dad, I'd, Marys, Janes Locations: Dixie, Jennifers
Chris Unger | Ufc | Getty ImagesThere's considerable uncertainty over the contents of a future Republican tax package and the fate of the EV credit, experts said. Repealing all the IRA's green energy tax credits, including the EV credit, would offset that cost by about $921 billion, it said. She was getting ready to buy one thanks to the $7,500 EV credit, which made the vehicles more affordable, she said. To wait and buy in 2025 is "too big of a gamble" given Trump's antipathy toward the EV credit, she said. There's no question there's real risk in the EV credit going away.
Persons: Donald Trump, Jamie Wickett, Hogan Lovells, Wickett, Joe Biden, Trump, Chris Unger, Laura, Hogan, , wouldn't, it's, Ingrid Malmgren, Malmgren Organizations: Digitalvision, Getty, Biden, Republicans, Capitol, IRA, Elon, UFC, Madison, Garden, Ufc, Security, Tax, Chrysler Pacifica, Local, Plug, U.S . Treasury Department, Treasury Locations: New York, Charlotte , North Carolina
And when it comes to Thanksgiving food, it seems Americans are getting relief on their grocery bills this year following a few years of escalating costs. The national average cost for a 16-pound turkey is down 6% from 2023, according to the Farm Bureau. Overall turkey prices have decreased about 4% in the past year, according to the consumer price index. Farmers raised about 205 million turkeys in 2024, down 6% from 2023, according to the U.S. Department of Agriculture. The aggregate impact has been lower turkey prices.
Persons: Robin Wenzel, Bernt Nelson, Nelson, Monty Rakusen, That's, , Robin Wenzel Wells, Wenzel Organizations: American Farm Bureau Federation, Farm Bureau, Deloitte, Finance, Food Institute, Farm, Farmers, U.S . Department of Agriculture, Digitalvision, Getty, Food, USDA Locations: Wells, Turkey, U.S, Ukraine
It more than doubled the criteria needed to be designated a bomb cyclone from Monday night to Tuesday night. A storm off the Northwest coast strengthens rapidly Tuesday, earning the bomb cyclone designation. Gusts up to 60 mph slammed western Oregon and Northern California endured gusts up to 80 mph. Another bomb cyclone? Another bomb cyclone could develop and rapidly strengthen just off the West Coast on Friday.
Persons: ” “, Rob Corcoran’s, ” Corcoran, , Rob Corcoran's, Rob Corcoran, KIRO, , Isaac Yee, Sara Smart, Mike Madrigal Organizations: CNN, BC Hydro, Puget Sound Energy, County Fire Department, Puget Sound, Washington, Amtrak, KIRO, National Weather Service, Pacific Northwest, Weather Locations: Pacific Northwest, British Columbia, West, Washington, Seattle, Bellevue, County, Maple Valley, Lake Tapps , Washington, Stanwood, Medford , Oregon, Oregon, Northern California, Pacific, Eureka , California, California, San Francisco Bay, Coast
AdvertisementPristina Mok has worked at some of Singapore's top Michelin-star restaurants like Odette and Zen. After a few years at Odette, she worked at Zen, a three-Michelin-star restaurant serving Nordic dishes with Asian influences. Fine dining, apartment-styleMok's cozy fine dining restaurant seats eight guests three times a week. Aditi BharadeUpon entering Fragment, guests are often greeted by Pebble, Mok's poodle. AdvertisementScaling down has its drawbacksWhile her husband helps her plate and serve the dishes, Mok handles most of the workload.
Persons: Pristina Mok, Odette, Aditi Bharade, Mok, Lionel Lim, Aditi Bharade Mok, , hadn't Organizations: Michelin, National Gallery of Singapore, Zen, Raffles Locations: Pristina, Mok's, Hokkaido
Susan Smith arrives at Union County Courthouse as the penalty phase of her trial moves into closing arguments in 1995. On Wednesday, Smith will have her chance to make her argument before the parole board, according to the South Carolina Department of Probation, Parole and Pardon Services. Inmates in South Carolina are allowed to receive and send letters but cannot legally communicate with journalists in person or on the phone. Smith and the filmmaker discussed shooting the documentary after the parole hearing and how she would be paid for her participation, according to an incident report. Pope is against Smith’s parole and said he will be speaking before the parole board at the hearing Wednesday.
Persons: Susan Smith, Smith, Michael, Alex, , , John D, , Susan Smith's, Tommy A, Thomas, haven’t, David Smith, Money, David Smith fastens, John Kuntz, ” Tommy Pope, Pope, “ Susan, Susan, , ” Pope, Larry King, ” David Smith Organizations: CNN, Courthouse, Reuters, South Carolina Department of Probation, Services, South Carolina Department of Corrections, Judicial Locations: Union , South Carolina, Long, Union, South Carolina
Williams-Sonoma earned $1.96 per share on $1.80 billion in revenue, while analysts surveyed by LSEG had anticipated just $1.78 in earnings per share and $1.79 billion in revenue. Target — Shares plunged more than 21% after the big-box retailer disappointed on third-quarter earnings and revenue estimates and cut its full-year guidance, just three months after raising that forecast. Target reported only a slight uptick in customer traffic as CEO Brian Cornell noted "lingering softness in discretionary categories." That is better than the $1.57 in earnings per share that analysts were expecting, per FactSet. Dolby earned 61 cents per share in its fiscal fourth quarter, higher than analysts' forecast of 45 cents per share, according to FactSet.
Persons: LSEG, Ford, Piper Sandler, Brian Cornell, Robinhood, Needham, Morgan Stanley, Keysight, Dolby, , Alex Harring, Brian Evans, Sean Conlon, Yun Li, Michelle Fox Organizations: Sonoma, Ford, U.S, Nvidia, LSEG, , Air Lines, Delta, Super Micro, BDO, Nasdaq, Dolby, Wall, Qualcomm Locations: Robinhood
Simply put, the leading maker of AI chips again fell victim to the curse of high expectations. Through its Nvidia AI Enterprise service, Nvidia is in the process of building out a potentially massive software business. Now, as we start this next generation, we'll be seeing models run on 100,000 Blackwell chips — and scaling is still in effect. Huang's argument is that going beyond 100,000 Blackwell chips will yield even more capable models. It's a fair question to ask because Nvidia's stock has historically taken a pretty big hit when its customers – such as cloud-computing providers – start uttering that phrase.
Persons: That's, Nvidia's, Blackwell, Colette Kress, Hopper, Kress, Jensen Huang, Huang, there's, Jim Cramer's, Jim Cramer, Jim, Akio Kon Organizations: Nvidia, Revenue, Enterprise, Devices, Intel, Hopper, Blackwell, Microsoft, Meta, CNBC, Nvidia Corp, Summit Japan, Bloomberg, Getty Locations: U.S, Tokyo, Japan
London CNN —Mourners will gather to remember Liam Payne in England on Wednesday, according to PA Media, after the British singer died last month. Close family of Payne, 31, and his former One Direction band members are among those expected to attend the funeral, PA Media reported. The British singer died on October 16 after falling from the third floor of a hotel in Buenos Aires, Argentina. Payne had alcohol, cocaine, and a prescription antidepressant in his system, according to the country’s public prosecutor’s office, which launched an investigation. Payne soared to global fame as part of One Direction, the group that was created on the British talen show “The X Factor” in 2010.
Persons: Liam Payne, Payne, Bear, Cheryl Tweedy, – Zayn Malik, Harry Styles, Niall Horan, Louis Tomlinson –, , ” Malik, Styles, Horan, Tomlinson, Liam, Organizations: London CNN, PA Media Locations: England, British, London, Buenos Aires, Argentina
AdvertisementAn Airbus A321neo operated by TAP Portugal was grounded to locate 132 escaped hamsters on board. Escaped hamsters can pose safety risks as they can chew through electrical cables and wires. An Airbus A321neo was grounded for several days to track down dozens of hamsters on board, Portuguese newspaper Correio da Manhã reported. The report said 132 hamsters escaped from their cages in the cargo hold of the plane, which was operated by Portuguese flag carrier TAP Air Portugal — leaving ground maintenance teams trying to track them down. In a similar incident in 2017, a cargo plane was grounded due to escaped hamsters, Newsweek reported.
Persons: Correio Organizations: Airbus, TAP Portugal, Portuguese, TAP Air Portugal —, TJR, TAP Air Portugal, Ponta Delgada, Business, Newsweek Locations: Lisbon, Ponta, Azores, Portuguese
“And also, it’s an NBA Cup game, and we already lost one game, so it was a really big game in that aspect. The result means both teams are 1-1 in the NBA Cup, which concludes with the semifinals and final in Las Vegas in December. NBA Cup games also count towards teams’ regular season records. The Nuggets are now 1-1 in the NBA Cup standings, while the Grizzlies are 0-2. The Lakers, the NBA Cup defending champions, improve to 2-0 while the Jazz fall to 0-2.
Persons: Jason Tatum, Tatum, Al Horford, Derrick White, Jaylen Brown, Payton Pritchard, Holiday, White, , , it’s, Evan Mobley, Donovan Mitchell, Mobley, Russell Westbrook, Justin Ford, Hall, Hall of Famer Oscar Robertson, Westbrook, ” Westbrook, “ I’m, I’m, Nikola Jokić, Jamal Murray, Michael Porter Jr, Santi Aldama, Ja Morant, Dalton Knecht, Gary A, Vasquez, Knecht, LeBron James, , ” James, ” Rodrigue Beaubois, Yogi Ferrell, Keyonte George Organizations: CNN, Boston Celtics, Cleveland Cavaliers, Cavaliers, Cleveland, Boston, Celtics, Eastern, NBA, ESPN, ” Cavaliers, Getty, Denver Nuggets, Memphis Grizzlies, Hall of Famer, Grizzlies, , Nuggets, Lakers, Los Angeles Lakers, Utah Jazz, Reuters Los Angeles Lakers, SEC, Jazz, Boston Celtics Denver Nuggets, Memphis Grizzlies Utah Jazz, Los Angeles Lakers Charlotte Hornets, Brooklyn Nets New Orleans Pelicans, Dallas Mavericks Oklahoma City Thunder, San Antonio Spurs Locations: Boston, Las Vegas, Denver
AdvertisementUkraine has long been restricted from using Western missiles to strike inside Russia. Kyiv has since used both ATACMS and Storm Shadow missiles to hit targets on Russian soil. Ukraine is finally using its powerful, longer-range Western missiles to strike targets inside Russia after waiting over a year for permission. AdvertisementUkraine fired a volley of at least 10 Storm Shadow missiles into Russia, The Wall Street Journal reported, citing Ukrainian and Western officials. Ukraine long pressed its Western partners to allow it to fire Storm Shadow missiles across the border into Russia.
Persons: Joe Biden, Lockheed Martin, Volodymyr Zelenskyy, JUSTIN TALLIS, Donald Trump Organizations: Storm, Street Journal, UK, Storm Shadow, North Korean, Defense Express, Euromaidan Press, NATO, Army Tactical Missile Systems, Ukraine's, Artillery, South Korean Defense Ministry, Getty, MBDA, Ukraine, Shadow, US, White Locations: Ukraine, Russia, Kyiv, Russia's, Bryansk, Russia's Kursk Oblast, Kursk, Britain, France, North Korea, Russia's Kursk, Ukrainian
Trump’s turn to bask in Musk’s reflected glory
  + stars: | 2024-11-20 | by ( Stephen Collinson | ) edition.cnn.com   time to read: +12 min
Musk, the Tesla and SpaceX visionary, has spent the last two weeks basking in Trump’s reflected glory at Mar-a-Lago. He’s around so much it’s almost like he’s family, and he even made it into a photo of Trump’s extended clan. Trump’s growing cultural cloutTrump’s visit to Musk’s launchpad was also the latest occasion since the election when he has inserted himself into high-profile photo-ops. The hit perhaps reflects Trump’s starry-eyed infatuation with Musk’s amazing array of spaceships and limitless ambition. With Musk, Trump might get more than he bargained for.
Persons: Donald Trump, Elon Musk, Robert F, Kennedy Jr, , , , Trump, Rushmore, Donald Jr, Texas Sen, Ted Cruz, Ronny Jackson, Musk, it’s, ” Trump, Greg Autry, Vivek Ramaswamy, Chandan Khanna, It’s, Kena Betancur, Joe Rogan, Theo Von, Musk’s launchpad, who’s, Anna Moneymaker, Kim Jong Un, MAGA, Elton John, DOGE, Andrew Harnik, Tim Pawlenty, CNN’s Erin Burnett, “ Trump, Volodymyr Zelensky, Emmanuel Macron, Kim Organizations: CNN, Elon, SpaceX, Texas, White, Trump, University of Central, of Government, Fox News, Tesla, UFC, Madison, Getty, YouTube, Barstool Sports, Republican Party, House Republicans, Hyatt, Minnesota Gov Locations: Texas, Washington, New York, Great State of Texas, He’s, Trump, Gulf of Mexico, United States, University of Central Florida, AFP, Novi , Michigan, Korean, Washington ,, Mar, Minnesota, Russia, Paris
Nvidia posted 81 cents in adjusted earnings per share and $35.08 billion in revenue. Analysts surveyed by LSEG were expecting 75 cents in earnings per share and $33.16 billion in revenue. Snowflake — The cloud stock soared 18% after beating earnings expectations for the third quarter and issuing strong guidance. Snowflake posted adjusted earnings of 20 cents per share on $942 million in revenue, while analysts surveyed by LSEG predicted 15 cents in earnings per share and $897 million in revenue. That was roughly in line with the Street's forecast of $1.55 per share in earnings and $2.23 billion in revenue, per FactSet.
Persons: LSEG, Snowflake, Palo, Jack Organizations: Nvidia, Palo Alto Networks, Palo Alto, FactSet
SpaceX launched the sixth test flight of its Starship rocket on Tuesday, as the company looks to keep up momentum of the mammoth vehicle’s development. Pushing the envelopeSpaceX has flown the full Starship rocket system on six spaceflight tests so far since April 2023, at a steadily increasing cadence. The company said on its website that it made hardware upgrades to the rocket’s booster for improved redundancy and improved structural strength. The Starship system is designed to be fully reusable and aims to become a new method of flying cargo and people beyond Earth. Fully stacked on the Super Heavy booster, Starship stands 397 feet tall and is about 30 feet in diameter.
Persons: Elon Musk’s, Donald Trump, Trump, SpaceX’s, Musk Organizations: SpaceX, Federal Aviation Administration, Super Locations: Brownsville , Texas, Gulf, Mexico, Florida
The surgeon general’s 837-page report on tobacco use found that 37.8% of gay, lesbian and bisexual U.S. adults have tried electronic cigarettes, compared with just 16.5% of their straight counterparts. He said that LGBTQ people use tobacco products at higher rates largely because of “long-standing stigma” within health care settings. Still, 36 million U.S. adults and 760,000 middle and high school students smoke tobacco products, according to the report. Since 2014, the most commonly used tobacco product among U.S. youths and young adults is e-cigarettes. “These and other noncombustible tobacco products such as nicotine pouches have the potential to undermine overall progress in preventing and reducing young people’s use of tobacco products,” the authors stated.
Persons: general’s, , Kristy Marynak, ” Marynak, Scott Hadland, he’s, ” Hadland, , KFF, Hadland, Red Kamel Organizations: Centers for Disease Control, American Lung Association, Mass, Children, Harvard Medical School, Kaiser Family Foundation, Tobacco, Red, Justice Department and Food and Drug Administration Locations: United States, San Francisco, U.S
And now, as Trump continues to fill out the upper echelons of his transition and administration, some key donors appear to be in the fray. Chris Wright, the Liberty Energy CEO tapped to be Trump’s energy secretary, gave the campaign and affiliated committees more than $235,000. Marc Rowan, the billionaire CEO of Apollo Global Management, gave $1 million to Right for America, a pro-Trump super PAC. The super PAC also ran a controversial program that gave away $1 million checks to swing-state voters who signed Musk's petition. (His father, Charles Kushner, who was pardoned by Trump, gave that same amount, plus another $1.2 million to a pro-Trump super PAC).
Persons: megadonors, Donald Trump's, Trump, Linda McMahon, McMahon's, Howard Lutnick, Lutnick, Chris Wright, Scott Bessent, Marc Rowan, Elon Musk, Musk, Ike Perlmutter, Jared Kushner, Trump's, Charles Kushner, Tim Mellon, Miriam Adelson, megadonor Sheldon Adelson Organizations: Trump's Small Business Administration, Trump, Inc, MAGA Inc, Commerce Department, Liberty Energy, NBC, Treasury Department, Apollo Global Management, Street, Treasury, America PAC, PAC, Marvel Entertainment, America, Dallas Mavericks Locations: America
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