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Berlin CNN —Pavlo Kushnirov was among Ukrainian soldiers fighting in the eastern city of Bakhmut with114th territorial defence brigade on a sunny day last winter when Russian shelling changed his life forever. German officials estimate there are between 30,000 and 50,000 Ukrainian amputees as a result of the conflict. Now a German non-governmental organization is working to bring wounded Ukrainian soldiers to Berlin so they can be fitted with custom-made artificial limbs and given treatment that will allow them to lead as normal a life as possible. Kushnirov and Sayko-Kazakov are among the first of 60 severely wounded Ukrainian soldiers who will receive treatment in Germany, thanks to the Berlin-based NGO “Life Bridge Ukraine.” They hope to start what they see as a new life soon. Battlefield conditions in Ukraine mean limbs must often be amputated quickly to save soldiers’ lives.
Persons: Berlin CNN — Pavlo Kushnirov, Vitaliy, , , ” Vitaliy, Pavlo Kushnirov, Marko Gänsl, Seeger, Gänsl, Kushnirov, ” Gänsl, , Pavlo Kushnirov Gänsl, Omelchenko, ” Keen, Valerii, Janine von Wolfersdorff, Von Wolfersdorff, ” Von Wolfersdorff, Vitali Klitschko, Kai Wegner, Chris Stern, Volodymyr Havrylov, Havrylov, ” ‘, Kazakov, ” Kushnirov, Heiko Laschitzki Sayko Organizations: Berlin CNN, CNN, Ukrainian, Russian, , Kyiv’s, Berlin’s, CNN CNN, Kushnirov, Ukraine Locations: Ukrainian, Bakhmut, Berlin, Chervonopopivka, Luhansk, Donetsk, Lviv, Ukraine, Germany, Russian, Kyiv,
CNBC Daily Open: Opec extends cuts, Nvidia showcases new chip
  + stars: | 2024-06-03 | by ( Abid Ali | ) www.cnbc.com   time to read: +3 min
This 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. OPEC+ extends cutsOPEC and it allies agreed to extend official crude production cuts into 2025 amid lackluster demand. Saudi Arabia's energy minister Prince Abdulaziz bin Salman said OPEC+ wants concrete rate cuts before factoring in the potential impact on energy demand. New AI chip RubinNvidia unveiled its next generation artificial intelligence chip, Rubin, a mere three months after launching its Blackwell model.
Persons: Prince Abdulaziz bin Salman, Rubin, Blackwell, Dow, UnitedHealth, Bill Ackman, It's, Michael Khouw Organizations: CNBC, Saudi Aramco, Rubin Nvidia, AMD, Intel, Microsoft, Google, Dow Jones, Federal, Dow, Nasdaq, Nvidia, Tesla, Pershing, Moderna, Drug Administration, GSK, Pfizer Locations: OPEC, Saudi Arabia, Russia, Saudi, U.S, Moderna
The 93rd Mechanized Brigade has seen some of the heaviest fighting in the war, including the battles for Bakhmut, Kharkiv, and Adviivka. One newly arrived soldier, identified by call sign Val of the 93rd Mechanized Brigade, told the outlet he was assigned to the front line with a day's notice. AdvertisementAnother soldier from the 42nd Mechanized Brigade in Kharkiv told the outlet that "everything is learned on the spot." As for new recruits, Ukraine's training centers are barely equipped to provide soldiers with basic training, per the Post. AdvertisementThe UK hosts trainings for Ukrainian troops under its Operation Interflex program.
Persons: , Schmidt, Mechanized Brigade Kholodny Yar, ANATOLII STEPANOV, Val, France —, HENRY NICHOLLS Organizations: Service, Washington Post, Business, Kyiv, 93rd Mechanized Brigade, Bakhmut, Mechanized Brigade, Getty, 42nd Mechanized Brigade, Ukraine's Ministry of Defense, Ukraine, Atlantic Treaty Organization, Kremlin, NATO, for Locations: Ukraine, Kharkiv, Ukrainian, Bakhmut, Donetsk, AFP, Chasiv Yar, Kyiv, Baltic States, France, Russia, Washington
download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. I have a moderate front yard that wraps around because it's a corner lot, and then a large backyard. You don't do anything with your backyard and you're always complaining about affordable housing for people in Sacramento. It would become its own separate lot with its own separate address, and a developer would build a stacked duplex on it. I hate yard work, and now I'm going to have to do a lot less of it.
Persons: , Jeremy Cullifer, I've, It's, BuildCasa, Bill, it's, I'm, Cullifer, you've, We've Organizations: Service, Business Locations: Sacramento, New York City, California, It's
CNN —German national soccer coach Julian Nagelsmann condemned a “racist” poll which asked participants if the team has enough White players, in a press briefing on Sunday. Nagelsmann said it was madness that the broadcaster asked this question and said he agreed with midfielder Joshua Kimmich who described the poll as racist a day earlier. Another of the questions asked in the ARD survey was whether it’s a “pity that the current captain of the German national team has Turkish roots.” Gundogan is the team’s captain. In April, German soccer authorities said they would redesign the number “4” on the country’s national jerseys amid claims it resembles a logo used by Nazi paramilitary units. Euro 2024 host Germany will kick off the month-long tournament against Scotland at Munich’s Allianz Arena on June 14.
Persons: Julian Nagelsmann, Nagelsmann, Joshua Kimmich, , Europe who’ve, Ilkay Gundogan, Leroy Sane, Antonio Rudiger –, Gundogan, Stefan Matzke, Kimmich, ” “, ” Kimmich, Karl Valks, Organizations: CNN, German, ARD, BBC, Nazi, German Football Association, DFB, Schutzstaffel, Scotland, Munich’s Allianz Arena Locations: Germany, Europe, , Turkish
Rainier...)," Larsen wrote in the email, referring to a snowcapped peak near Seattle, where Amazon is headquartered. Months later, Amazon struck a deal with Shopify that put Buy with Prime on the Shopify merchant marketplace, extending the tool's reach with sellers. Advertisement"When merchants push that metric to >75%, it'll be a good indication that we've found product-market fit," Larsen wrote. To use Buy with Prime, Amazon charges merchants a 3% Prime service fee in addition to fulfillment fees and payment processing fees. However, Piiparinen said the 3% service fee is less than the referral fees merchants pay when selling on Amazon.com.
Persons: , Craig Leslie, Leslie, It's, Peter Larsen, Andy Jassy, Larsen, Santos, Anders Piiparinen, who's, doesn't, Piiparinen, Amazon's, Smart, ZOA, GreatCircleUS.com, Madeline Stone Organizations: Service, Amazon, Business, Bean Coffee Company, Shoppers, Ekrin Athletics, BI, Prime Locations: . Rainier, ., Seattle, Piiparinen, mstone@businessinsider.com
Microsoft will lay off some employees who work on mixed reality, a spokesperson told CNBC on Monday. Although the cuts will affect the department that contributes to the HoloLens 2 augmented reality headset, Microsoft plans to continue selling the device. "Earlier today we announced a restructuring of the Microsoft's Mixed Reality organization," the spokesperson said in an email. In addition, we will continue to invest in W365 to reach the broader Mixed Reality hardware ecosystem. In December, Microsoft further reduced investment in augmented reality and virtual reality, which blocks out the surrounding world, when it deprecated Windows Mixed Reality, which included tools for running applications in head-mounted displays.
Persons: Satya Nadella, Apple Organizations: Microsoft, CNBC, Department, U.S . Defense Department, Bloomberg, Nvidia, Vision, Microsoft Ignite, Meta Locations: Redmond , Washington, Seattle
Late Monday, Core Scientific announced a 12-year deal with cloud provider CoreWeave to provide infrastructure for use cases like machine learning. Core Scientific, which emerged from bankruptcy in January, has been mining a mix of digital assets since 2017. Butterfill said the the overlap is leading to a competition for rack space between bitcoin mining and AI activities. While AI operations require up to 20 times the capital expenditure of bitcoin mining, they're more profitable, according to a report from CoinShares. watch now"While we intend to remain one of the largest and most productive bitcoin miners, we expect to have a diversified business model and more predictable cash flows," Sullivan said.
Persons: Marble , North Carolina Carey McKelvey AUSTIN, CoreWeave, Adam Sullivan, Sullivan, OpenAI, James Butterfill, Butterfill, CoinShares, Asher Genoot, Genoot, bitcoin, Needham, They're, Core's Sullivan, there's, Sam Altman, Altman Organizations: Scientific, Core Scientific, Nvidia, CNBC, Iris Energy, CoreWeave, Miners, Electric Power Research Institute Locations: Marble , North Carolina, Marble , North Carolina Carey McKelvey AUSTIN , Texas, bitcoin, CoinShares, Canada, Sweden, capex, United States
Read previewHearst is doubling down on puzzles as it tries to replicate The New York Times' success with Wordle and other games. Six months ago, Hearst acquired the games platform Puzzmo, a collection of daily puzzles started by ​​game designer Zach Gage and engineer Orta Therox. Pile-Up Poker will be Puzzmo's eighth game, and Andrew Daines, Hearst Newspapers' VP of games and general manager of Puzzmo, said Hearst is just getting started. HearstPuzzmo is taking direct aim at the Times, saying in a manifesto that "newspaper game players deserve better." Right now, all Puzzmo subscribers get the same games, but up next, Hearst plans to start creating bespoke games for partner publishers.
Persons: , Hearst, , Zach Gage, Orta Therox, Vox, Andrew Daines, Puzzmo, Hearst Puzzmo, Lisa Hanawalt, Daines, Elle Organizations: Service, New York Times, San Francisco Chronicle, Houston Chronicle, Business, Hearst Newspapers, Times, Poker, Hearst Locations: There's, Texas
A Jeep Wrangler plug-in hybrid electric vehicle (PHEV) during the 2023 New York International Auto Show (NYIAS) in New York, on Wednesday, April 5, 2023. NEW YORK – Jeep plans to grow U.S. sales of its plug-in hybrid electric vehicles by as much as 50% this year as it leans into the technology as a bridge between its traditional gas-guzzling SUVs and all-electric vehicles amid a slower-than-expected sales pace of EVs. The Stellantis brand expects to sell 160,000 to 170,000 plug-in hybrid electric vehicles, or PHEVs, in the U.S. this year, an increase of 40% to 50% from last year, Jeep CEO Antonio Filosa told CNBC. "One of the pillars of growth for the market is going to be freedom of choice." PHEV sales at the level Jeep is expecting this year would top Stellantis' total 2023 U.S. sales of the vehicles, at roughly 143,000 units.
Persons: Antonio Filosa, Filosa Organizations: New York, Auto, CNBC, Jeep Locations: New York, U.S
"More and more people will realize that this [Global Access Solutions] was a good acquisition," Jim Cramer said Monday. To revive its lagging stock, management must also figure out which businesses are better on their own — kind of like the split announced last month by fellow Club stock DuPont . Honeywell stock has dropped 4.6% year-to-date. Smaller units have struggled like Building Automation, where management hopes to get a lift from Global Access Solutions. The Global Access Solutions deal, which was his biggest move to date, closed in the month of his first anniversary as chief exec.
Persons: Carrier, Jim Cramer, RTX, Jim, Vimal Kapur, Jim Cramer's, Michael Nagle Organizations: Honeywell, Club, DuPont, Solutions, Wall Street, Honeywell's Aerospace Technologies, DD, CNBC, Honeywell International Inc, New York Stock Exchange, Bloomberg, Getty Locations: New York
Taipei/Hong Kong CNN —Nvidia and AMD have separately launched the next generation of their artificial intelligence (AI) chips in Taiwan, as a three-way race with Intel heats up. Jensen Huang, CEO of Nvidia (NVDA), said Sunday that the company would roll out its most advanced AI chip platform, called Rubin, in 2026. The Rubin platform will succeed the Blackwell, which supplies chips for data centers and was announced only in March. But competition is growing, with major competitors AMD (AMD) and Intel (INTC) introducing new products in an effort to challenge Nvidia’s dominance. The new chip will succeed the MI300 and feature more memory, faster memory bandwidth and better computer performance, Su added.
Persons: Jensen Huang, Rubin, Blackwell, Vera, Huang, , Richard Windsor, Lisa Su, ” Su, MI300X, Su, MI400, Patrick Gelsinger Organizations: Hong Kong CNN, Nvidia, AMD, Intel, National Taiwan University, Radio Free Mobile Locations: Taipei, Hong Kong, Taiwan, , we’re, Computex
Nvidia's Jensen Huang explained 'CEO Math' ahead of Computex in Taiwan. AdvertisementThere's math, and then there's what Nvidia's Jensen Huang calls "CEO Math." "The more you buy, the more you save," Huang said ahead of Computex, an annual technology exposition held in Taiwan. "That's called CEO math. Huang explained the concept by describing why companies should invest in both graphics processing units (GPUs) and central processing units (CPUs).
Persons: Nvidia's Jensen Huang, Huang, , That's Organizations: Service Locations: Computex, Taiwan
One-bedroom rent hadn't surged that fast since August 2022, while two-bedroom rent rose by the most in 20 months. May marked the second time in three months that monthly rent ticked higher, following flat price growth in April. An ominous omen for inflationFaster rent growth won't just affect tenants. Below are the 25 US cities where rent for a one-bedroom apartment declined from where it was in April, according to Zumper. Along with each are its month-over-month and year-over-year rent changes, average rent price, and national rent ranking among the nation's 100 biggest markets.
Persons: , That's, 6hkPHpnbuq — James Faris, @JamesFaris_, Anthemos Georgiades Organizations: Service, Business, CPI, Consumer
Mizuho Securities estimates that Nvidia controls between 70% and 95% of the market for AI chips used for training and deploying models like OpenAI's GPT. Nvidia's position in the AI chip market has been described as a moat by some experts. Founded in 2019, D-Matrix plans to release a semiconductor card for servers later this year that aims to reduce the cost and latency of running AI models. "Nobody can deny that today Nvidia is the hardware you want to train and run AI models," Fernando Vidal, co-founder of 3Fourteen Research, told CNBC. "The key is that there are a lot of options there," Su told reporters in December, when her company launched its most recent AI chip.
Persons: Jensen Huang, Huang, Sid Sheth, It's, that's, Fernando Vidal, Lisa Su, Su Organizations: Nvidia Corp, Nvidia, Technology Conference, Microsoft, Apple, Mizuho Securities, Intel, AMD, Bank of America, 3Fourteen, CNBC Locations: San Jose , California
Read previewIn 2021, Brynne McManimie and Peter Romano lived in a one-bedroom apartment in Greenpoint, Brooklyn. "That's when we were like, 'OK, let's just try the housing lottery,'" McManimie added. AdvertisementAlthough applying is free, each household must meet specific income requirements to qualify for a lottery apartment. Brynne McManimie and Peter Romano"It's definitely smaller than our old apartment," McManimie said. Advertisement"We're really happy and very thankful that New York City has an affordable housing lottery.
Persons: , Brynne McManimie, Peter Romano, let's, Brynne, Peter Romano Matthew Dunivan, there's, McManimie, Clinton Hill, Romano, it's, There's, It's Organizations: Service, Business, New Yorker, New York City Department of Housing Preservation, Housing Development Corporation, The New York Times, New York Times, New Locations: Greenpoint , Brooklyn, New, West Coast, New York, Greenpoint —, Clinton, RentHop.com, Clinton Hill, Poconos, New York City
And the biggest program to help those in need of homes — the federal housing voucher system — isn't keeping up. With city shelters struggling, the government has set up more than 200 emergency shelters to house migrants, including in former jails and hotels. Greenberg said he decided to seek out homeless voucher holders after hearing from those who'd had an excruciating time finding an apartment. Ed Jones/Getty ImagesThe Interfaith Assembly set up a pilot program about six months ago to help homeless voucher holders find homes. Advertisement"I've spoken to landlords who want housing voucher holders, who've experienced some real damage to their apartments," Greenberg said.
Persons: , Marc Greenberg, Greenberg, We're, Eric Adams, who'd, Ed Jones, they're, who've Organizations: Service, Coalition, Business, York, Interfaith Assembly, Homelessness, New, Apple, . New York, Assembly, Washington State Locations: York City, New York City, New York, . New, Oregon
They said my building was covered under the new Good Cause Eviction law, and my rent increase would instead be 8%. AdvertisementWhat is Good Cause Eviction? Good Cause also has what's called the reasonable rent increase measure: Buildings covered under Good Cause have limits on how much landlords can raise rent. I was under the impression that this building falls under the good cause eviction umbrella. Will Good Cause Eviction change or impact your life?
Persons: Weaver, , Ellen Davidson, Davidson, Allia Mohamed, it's, Mohamed, that's Organizations: Service, Business, New, New York, Housing Justice, , Legal Aid Society Locations: New York City, Central Park, New, New York, Bronx, Brooklyn
The assessment attributes the elevated casualty rate to Russia's brutal ongoing offensive, noting that Russia's ability to replenish its units is stretched thin due to its consistent losses. According to Friday's intel from the UK Ministry of Defense, the average number of Russian personnel casualties was over 1,200 a day in May, the highest number reported since the war began. The ministry also said the total number of killed or wounded Russian soldiers since the February 2022 invasion is likely at 500,000. It's likely also the result of Russia rushing relatively inexperienced and untrained soldiers into battle, often in bloody head-on assaults. But Russia's high casualties also prevents it from training more capable units and keeping a majority of its troops in battle long enough to gain experience.
Persons: , Stepanov, ISW, Oleksandr Syrskyi Organizations: Service, Business, intel, UK Ministry of Defense, Getty, Institute for, Washington DC, Ukrainian Locations: Russia, Kharkiv, AFP, Ukraine's, Washington, Ukraine, Ukrainian
CNN —President Joe Biden announced Friday that Israel has offered a “comprehensive new proposal” that provides a “roadmap” to a ceasefire in the war with Hamas in Gaza and the release of all hostages held by the terror group. “And the Palestinian people have endured sheer hell of this war,” Biden said. Earlier on Friday, Israel said its forces have entered central Rafah, the city in southern Gaza that Biden has warned should not be the target of a major ground offensive. Biden will be speaking as negotiations continue to secure the release of hostages in exchange for a temporary ceasefire in the war between Israel and Hamas. White House officials have sought this week to explain Biden’s stance, suggesting his barometer for changing policy would be a “major ground invasion” of the city.
Persons: Joe Biden, Israel, , who’ve, ” Biden, Biden, , “ It’s, ” Israel, Benjamin Netanyahu, CNN’s Erin Burnett, John Kirby Organizations: CNN, Hamas, Israel’s, White, Democrats Locations: Gaza, Qatar, Rafah, Israel, Palestinian, Delaware, , That’s
Bangkok, Thailand has seen an 18.1% growth in residential rental prices on a year-on-year basis, according to JLL. Alexander Spatari | Moment | Getty ImagesSingapore and Hong Kong are generally considered Asia's more vibrant real estate markets. But some up-and-coming cities are giving these traditional hubs a run for their money, with some even beating them on rental yields. The following four cities have led the recovery in rental growth in Asia so far this year:Bangkok, ThailandResidential rental growth in Q1 2024 (y/y): +18.1% Average price to rent: THB 8,292 (about $226) per square meter annually "Rental demand has been surging in Bangkok," Allan said. This rental growth has been influenced by the stronger rent prices recorded in new high-quality offerings in the city, according to the report.
Persons: JLL, Alexander Spatari, Hong Kong, Roddy Allan, Allan, Ho Organizations: Getty Images, realty, Pacific Chief, CNBC Locations: Bangkok, Thailand, Getty Images Singapore, Hong Kong, Hong, Ho Chi Minh City, Jakarta, Manila, Asia, Pacific, expats, Vietnam, Indonesia, Philippines
Editor’s Note: This story contains graphic and disturbing descriptions of sexual violence. Everywhere that Russian troops were located, we’re seeing cases of sexual violence and gender-based violence. But the real scale of sexual violence committed during the war may never come to light. Ukrainian officials say that it is difficult, but not impossible, to track down individual perpetrators of sexual violence crimes. Some survivors of sexual violence committed by the Bosnian Serb army during the Bosnian war in the early 1990s are only now coming forward.
Persons: Roman Shapovalenko, , , Shapovalenko, , , , Chris McGrath, Anna Sosonska, Sosonska, , ’ Roman Chernenko, Chernenko, , ” Sosonska, Anna Mykytenko, ” Mykytenko, Mykytenko, Ukraine –, Vladimir Putin, Aleksey Smagin, Aleksandr Naumenko, Naumenko, – Oleksandr Chilengirov, Dmitry Laikov, Oleksii, ” Andrii, Andrii, Anna Voitenko, Putin, Russia’s, Maria Lvova, Oleksii Sivak, Sivak, ’ ”, ‘ we’re, ” Sivak Organizations: Kyiv CNN —, Russia’s Federal Security Service, Russian, CNN, Getty, United Nations Security, Ukraine’s, GRU, Russian Federal Penitentiary Service, Russia’s Ministry of Defense, Interior Ministry, National Guard, Kyodo, Criminal Court, ICC, UN, Global Rights, European Union, Ministry of Defense, Luhansk People’s Republics, Rosgvardia, Ukrainian, FSB’s Department, Defense, Constitutional, Terrorism, International Court of Justice, Kremlin Locations: Kyiv, Ukrainian, Kherson, Russia, Ukraine, Snihurivka, Moscow, Donetsk, Zaporizhzhia, Kharkiv, Crimea, Olenivka, Mariupol, Russian, Geneva, Rome, United States, United Kingdom, Luhansk, Russia’s Rostov, Nova Kakhovka, , Bosnian
Here's a rapid-fire update on all 33 stocks in Jim Cramer's Charitable Trust, the portfolio we use for the CNBC Investing Club. Below $200 a share is the level we'd get interested in buying more Salesforce stock, Jim said. The industrial name will continue to be a beneficiary of the AI trade due to Eaton's booming data center business. Alphabet : If this mega-cap name experiences a move lower, investors should scoop up shares, Jim said. Nvidia : There's not much more to say about Nvidia in light of another blowout earnings report and the strong guidance accompanying it.
Persons: Jim Cramer's, Jim, Apple's, Goldman Sachs, Salesforce, We've, Danaher, he'd, Walt Disney, We're, Estee Lauder, Eaton, Ford, Motors, Mary Dillon's, It's, Linde, Eli Lilly, Mark Zuckerberg's, Morgan Stanley, we're, Stanley Black, we've, Wynn, Jim Cramer, Michael M Organizations: Jim Cramer's Charitable Trust, CNBC, Club, Apple, Abbott Laboratories, Abbott Labs, Amazon Web Services, Broadcom, Dell, Samsung, Costco Wholesale, Coterra Energy, DuPont De Nemours, DuPont, The, Eaton, Ford, GE Healthcare, Honeywell, Jim, Linde, Microsoft, Nvidia, Palo Alto Networks, Palo Alto, Change, Procter & Gamble, Constellation Brands, Constellation, Modelo, Corona, Federal Reserve, TJX, Marshalls, Wynn Resorts, Jim Cramer's Charitable, Traders, New York Stock Exchange, Santiago, Getty Locations: China, Dover, Eaton, U.S, Maxx, HomeGoods, Wells Fargo, Macau, New York City
Friedrich Chill Premier Smart Window Air Conditioner (CCF08A10A) If you have a medium-sized room, the Friedrich Chill Premier Smart Window Air Conditioner (CCF08A10A) is your best option with its impressive cooling abilities, smart connectivity, and long warranty. Our review of the Friedrich Chill Premier air conditionerAdvertisementSetupThe setup was straightforward and took about 30 minutes. AdvertisementEnergy UseThe Friedrich Chill Premier air conditioner is Energy Star-certified to help protect the climate, save money, and save energy. Read our full Midea U-Shaped air conditioner review and check out our guide to the best air conditioners for more options. If your window doesn't accommodate a window air conditioner, consider picking up one of the recommended models from our best portable air conditioner guide.
Persons: I've, Friedrich, Friedrich Chill, Richard, James Brains, Friedrich Chill Premier, wasn't Organizations: Business, Smart, Friedrich Chill Premier, Premier, Friedrich Chill, Energy Star, Friedrich AC, Google, Amazon Alexa
Nvidia , the red-hot chipmaker that sells advanced processors to enable artificial intelligence technology, may have a customer bigger than anyone else. That could be Microsoft , UBS speculated in a note. The Wall Street bank pored over Nvidia's filings and estimated that Microsoft was its largest indirect customer, contributing to 19% of Nvidia's revenue in fiscal 2024. It leads UBS to its guess that one of the two could likely again be Microsoft. Nvidia has become so influential to the whole stock market that a good earnings report could unleash a wave of animal spirits that push the market to new heights.
Persons: Jensen Huang Organizations: Nvidia, Microsoft, UBS, CNBC, Meta
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