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☆ Coinbase's big election bet is about to be tested
▼ + stars: | 2024-11-05 | by ( Mackenzie Sigalos | ) www.cnbc.com time to read: +9 min

BlackRock's ETF chief Samara Cohen told CNBC that 75% of its bitcoin buyers are crypto investors who are new to Wall Street. Grewal told CNBC that he's had "many conversations" behind closed doors with both the Trump camp as well as Democratic Vice President Kamala Harris' campaign. Fairshake, one of the top spending PACs this cycle, told CNBC it's raised around $170 million this election and disbursed approximately $135 million. Ripple's head of U.S. public policy, Lauren Belive, told CNBC at a fintech conference in Las Vegas that the company was motivated by the SEC's overreach. WATCH: Bitcoin slumps to $67,000 level on eve of U.S. election: CNBC Crypto World

Persons: WASHINGTON —, Brian Armstrong shied, Armstrong, Coinbase, Gary Gensler, vociferously, Samara Cohen, Wells, Paul Grewal, Donald Trump, David Sacks, Grewal, Trump, he's, Gensler, Kamala Harris, Harris, Sen, Sherrod Brown, Bernie Moreno, Brown, Moreno, battlegrounds, It's, Shirzad, CNBC it's, Lauren, Alice, merch, Joe Lubin, Wiley Nickel Organizations: WASHINGTON, Capitol, CNBC, SEC, Washington, Trump, Republican, Democratic, Crypto Alliance, House, Ohio Senate, Crypto, Labs Locations: Washington ,, Washington, United States, San Francisco, Nashville, Ohio, Las Vegas

☆ 7 binge-worthy YouTube series that are worth spending hours watching
▼ + stars: | 2024-11-05 | by ( Alli Rosenbloom | ) edition.cnn.com time to read: +4 min

Lucky for you, we put together this nifty list of binge-worthy YouTube series that you can spend your hard-earned chill time mindlessly watching for hours on end instead of stressfully scrolling. ‘Open Door’Architectural Digest’s “Open Door” series is like MTV’s “Cribs” but much more chic. Keith Habersberger at Disney World's Animal Kingdom on 'Keith Eats Everything.' From CRITERION‘Gourmet Makes’From Bon Appetite’s Test Kitchen comes famed pastry chef Claire Saffitz’s “Gourmet Makes” series, where she attempts to recreate gourmet versions of your favorite comfort foods. She goes above and beyond to recreate the most obscure snacks in this series that will keep you occupied – and hungry – for hours.

Persons: CNN — It’s, Sean Evans, Evans, Gordon Ramsey, Billie Eilish, Paul Rudd, Jimmy Fallon, Amelia Dimoldenberg, Andrew Garfield’s, ‘ Keith, Keith Habersberger, YouTube’s, Keith, Taco, they’ve, Janelle Monáe’s, Claire Saffitz’s Organizations: CNN, Bell, Taco Bell, Disney, CIA

☆ Goldman's top equity strategist tells BI 2 similarities between today's market and the dot-com bubble — and what it means for your portfolio
▼ + stars: | 2024-11-05 | by ( Christine Ji | ) www.businessinsider.com time to read: +7 min

Kostin expects the S&P 500 equal-weighted index and mid-cap stocks to gain from a broadening market. Today, the 10 largest stocks in the S&P 500 make up 36% of the entire index by market capitalization. Related storiesThis gap between the top S&P 500 performers and the rest of the index hasn't occurred since the dot-com bubble. "The evidence is strongly in support of the fact that growth rates for high revenue growth companies tend to fade," he added. For that reason, Kostin is expecting the S&P 500 equal-weight SPW index to outperform the market-cap-weighted S&P 500.

Persons: David Kostin, Kostin, —, Goldman Sachs, Kostin isn't, that's, he's Organizations: Service, Big Tech, Intel, Microsoft, Cisco

☆ Average age of first-time homebuyers is 38, an all-time high. Here's what that says about the real estate market
▼ + stars: | 2024-11-05 | by ( Ana Teresa Solá | ) www.cnbc.com time to read: +3 min

'The biggest issue of housing today'The housing shortage in the U.S. is "the biggest issue of housing today," said Orphe Divounguy, senior economist at Zillow. As of mid-2023, there's a housing shortage of 4 million homes, according to the NAR. Rent prices increased faster than tenants' wages during the pandemic. "We're seeing renters staying renters for longer because affordability has been so squeezed," he said. High rent prices not only affect your ability to save money to buy a home, it can affect your ability to pay down any existing debt, Lautz said.

Persons: homebuyer, Jessica Lautz, Orphe Divounguy, Jonathan Scott, Scott, Selma Hepp, Divounguy, Lautz Organizations: National Association of Realtors, NAR, HGTV, CNBC Locations: U.S

A Pennsylvania judge on Monday declined an effort by the Philadelphia district attorney to stop Elon Musk’s America PAC from doling out cash prizes to registered voters. The judge's injunction means Musk's PAC will be able to do one last giveaway on Tuesday, the last day of the offer. The America PAC giveaway has promised million-dollar checks to some voters and $47 and $100 payments to other registered voters who signed a political pledge in swing states. Philadelphia District Attorney Larry Krasner sued Musk and America PAC last month, alleging that the giveaways were an illegal, unregulated lottery, but at a hearing Monday, America PAC attorney Chris Gober said it wasn’t a lottery because winners aren’t determined by chance. Musk’s legal team delayed this hearing last week, filing to move the case to federal court.

Persons: Larry Krasner, Musk, Chris Gober, Gober, John Summers, “, ” Krasner, Andy Taylor, ” Organizations: Elon Musk’s America PAC, America PAC, Philadelphia Locations: Philadelphia, Michigan, Pennsylvania

Regardless of who wins Tuesday’s election, a key fixture of America’s political landscape for nearly a decade is set to disappear: the Trump rally. “It’s coming to an end,” Trump said in a phone interview with NBC News on Sunday. For his millions of supporters, Trump rallies have been a gathering place with thousands of other like-minded Americans. Torabi is best known for his popular Twitter account, where his clips of Trump rallies frequently go viral. “So tomorrow I’m doing three rallies and on Monday I’m going to do four rallies in one day,” Trump said.

Persons: Trump, Donald Trump, Anna Moneymaker, ” Trump, ”, “ There’s, Kamala Harris, Lee Greenwood’s, Jabin, I’m, ’, “ I’ve, he’s, Robin Cole, “, hasn’t, ” Trudy Delling, Andrew Caballero, Reynolds, It’s, that’s, Trump’s, We’ve, Acyn, Torabi, he’ll, outshine, Republican Party won’t, —, ” Eric Trump, Julia Demaree Nikhinson, it’s, marveled, we’re Organizations: White House, Trump, State College ,, NBC News, White, Central Wisconsin Convention, Washington, Getty, NBC, Republican Party, Republican, Convention, AFP, North Locations: Grand Rapids , Michigan, State College , Pa, Rothschild, Wis, Greensboro, N.C, Pennsylvania, Virginia, Milwaukee, North Carolina, Warren, Mich, Macon , Georgia, Greensboro , North Carolina, Rocky Mount

Trump referenced that rally during his speech in Raleigh on Monday, estimating the crowd inside to be 28,000. The crowd for Trump's speech was estimated to be around 53,000, according to the House committee investigating the riot. Harris's campaign said that around 75,000 people attended her speech last week at the same site as Trump's Jan. 6 speech. When she was interrupted by pro-Trump protesters at a rally in Wisconsin last month, she told them they should "go to the smaller rally down the street." The smaller crowd sizes with less enthusiastic participants so close to Election Day have surprised some Republicans, but it's unclear what the cause — and the significance — is, and if it's evidence of less momentum for his campaign.

Persons: Donald Trump, Trump, Kamala Harris, ” Trump, —, Charlotte —, he's, Harris, “, ”, Karoline Leavitt, Sean Spicer, Barack Obama, ” Spicer, Martin Luther King Jr's, she'd, Tim Walz, Marveling, Walz, hasn't, Vaughn Hillyard, Jake Traylor, Dareh Organizations: RALEIGH, Madison, Black, Trump, Fiserv, NBC, White House Press, U.S . Capitol, Minnesota Gov Locations: North Carolina, New York, Raleigh, N.C, Reading, Pa, Macon, Ga, Kingston , N.C, Milwaukee, Greensboro, Gastonia, Wisconsin, Phoenix, Raleigh , North Carolina

☆ Here's a final breakdown of how both presidential candidates might affect your finances
▼ + stars: | 2024-11-04 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +8 min

In today's big story, a final look at the impact a Harris or Trump presidency will have on your finances . The big storyThe White House and your walletGetty Images; Jenny Chang-Rodriguez/BIOn the eve of election day, we're offering a final breakdown of how both candidates might affect your wallet. Let's get into it:Investing : The corporate tax rate is the major difference between the two sides that'll likely have the biggest impact on markets. Harris wants to raise the corporate tax rate, which would likely have the opposite effect. Cost of things : Both candidates are looking to keep leveraging tariffs, but Trump's policy is much more aggressive.

Persons: —, Harris, Trump, let's, Jenny Chang, Rodriguez, Kamala Harris, Donald Trump, Let's, she's, Mario Tama, Peacock, Chip Somodevilla, Dow, BI's Emma Cosgrove, Siri, We've, Montana Sen, Jon Tester, Colin Allred, Carl Godfrey, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, Ella Hopkins, Amanda Yen, Milan Sehmbi Organizations: Business, Service, BI, . Tech, Nvidia, Intel, Dow Jones, Trump, Mario, Fed, Street, CNBC, MSNBC, NBC, Apple Intelligence, WWDC, Apple, Democratic, Texas Rep, Fox Corp, Goodyear, Marriott Locations: Trump, New York, London

☆ Cramer's favorite stock of earnings season so far gets new props from analysts
▼ + stars: | 2024-11-04 | by ( Paulina Likos | ) www.cnbc.com time to read: +3 min

The news Morgan Stanley raised its Amazon price target Monday to $230 per share from $210 — implying 16% upside to Friday's close. Morgan Stanley expects Amazon's shipping and fulfillment cost per package to decrease about 3% each year from 2023 to 2026, reaching $6.51 by 2026. Bottom line Jim Cramer wrote in his Sunday column that Amazon is the "best stock so far" of this earnings season, citing skill execution across all of its businesses. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.

Persons: Morgan Stanley, D.A, Davidson, Jim Cramer, Jim Cramer's, Jim, David Paul Morris Organizations: Amazon, Web Services, CNBC, Bloomberg, Getty Locations: San Francisco

☆ Paralyzed by Choice: the Golden Age of Online Shopping Is Over
▼ + stars: | 2024-11-04 | by ( Emilie Friedlander | ) www.businessinsider.com time to read: +13 min

Online shopping, which the US Census Bureau estimates accounts for roughly 16% of all retail sales, theoretically makes it easier to find exactly what we are looking for. AdvertisementThe golden age of comparison shopping isn't so golden after all. Ursu has studied two factors in shopping: search costs and search fatigue. Ursu guessed that the most exhausting stage of shopping is comparison shopping — when people pore over minuscule details between products to find the best one. Related storiesIf people abandon their shopping carts because they get overwhelmed by search fatigue, it can come back to bite retailers.

Persons: We'd, It's, Barry Schwartz, Jason Goldberg, Publicis, they've, Marsh, Samantha Kleinberg, you've, moisturizer, New York University's Leonard N, Ursu, Qianyun Zhang, Elisabeth Honka, lockdowns, Lauren Ralph Lauren, Goldberg, Rufus Organizations: Ikea, Amazon, Accenture, Swarthmore College, Walmart, Shoppers, Lehigh University, Stevens Institute of Technology, Cognitive, New York, Stern School of Business, Google Locations: New, Netherlands, Wayfair

☆ CNBC Daily Open: One day more to elections
▼ + stars: | 2024-11-04 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +2 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. Markets shrug off weak jobs reportStocks rallied Friday to kick off November, led by Amazon and as traders shrugged off a disappointing jobs report. Harris gains ground in IowaIowa is not a state that many pollsters predicted will break for Democratic presidential candidate Kamala Harris. That, instead of the sitting president, could hold the key to how stocks perform going forward.

Persons: Blythe Andrews , Jr, Dow Jones, Stocks, shrugged, Warren Buffett, Harris, Kamala Harris, Donald Trump Organizations: Public, CNBC, U.S . Bureau of Labor Statistics, Boeing, Amazon, Dow Jones Industrial, Nasdaq, Berkshire, Bank of America, Democratic, Des Moines Register, Iowa Locations: Tampa , Florida, U.S, Berkshire, Omaha, Apple, Iowa Iowa, Iowa

☆ Here are Monday's biggest analyst calls: Nvidia, Apple, Meta, Roblox, Peloton, Charter, Walmart, Berkshire Hathaway & more
▼ + stars: | 2024-11-04 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

Morgan Stanley reiterates Apple as buy Morgan Stanley said it's sticking with the stock following the release of the company's annual 10-K analysis. " Morgan Stanley reiterates Amazon as overweight Morgan Stanley raised its price target on Amazon to $230 per share from $210. Morgan Stanley upgrades Entergy to equal weight from underweight Morgan Stanley said the energy company's outlook has improved. " Morgan Stanley upgrades Roblox to overweight from equal weight Morgan Stanley said in its upgrade of the stock that it sees a long runway for growth. " Morgan Stanley downgrades STMicroelectronics to underweight from equal weight Morgan Stanley said it sees too many headwinds from the semis manufacturer.

Persons: Berkshire Hathaway, Price, Morgan Stanley, Apple, Goldman Sachs, Goldman, it's bullish, Rollins, William Blair, TSMC, Bernstein, Trip.com, Morgan Stanley downgrades STMicroelectronics, Hollister comps, Peter Stern, D.A, Davidson, AAPL Organizations: UBS, Berkshire, Citi, Apple, PlayStation, Barclays, Blackwell, Tencent, Entertainment, Trip.com, Bank of America, Inc, KeySight, Qs, Abercrombie & Fitch Citi, of America, " Bank of America, Meta, Walmart Locations: Kazakhstan, LA, China

☆ Planet 9: Inside the search for a hidden planet in our solar system
▼ + stars: | 2024-11-04 | by ( Jacopo Prisco | ) edition.cnn.com time to read: +18 min

“It could completely reshape our understanding of the solar system and of other planetary systems, and how we fit into that context. Brown and his colleague, planetary scientist Konstantin Batygin, reported having strong evidence of a hidden planet on the fringes of our solar system. “If you look at these bodies, their lifetimes are tiny compared to the age of the solar system,” Batygin said. “By now, we expected to have found many more of these extreme trans-Neptunian objects,” Sheppard said in an email. Finding a smaller planet would also spark excitement, Rice added, because every solar system planet is immensely useful for extrapolating information about the thousands of comparable exoplanets that researchers are uncovering across the galaxy.

Persons: Mike Brown, Pluto, ”, Brown, Pluto’s, Malena Rice, ” Rice, Konstantin Batygin, Neptune, they’ve, Brown’s, “, we’re, Scott Sheppard, Chadwick Trujillo, Trujillo, ” Brown, Batygin, ” Batygin, Patryk Sofia Lykawka, ” Lykawka, Lykawka, Rice, Hur, Renu Malhotra, Malhotra, Sheppard, ” Sheppard, ” Malhotra, she’s, “ It’s, Sigurd Naess, ” Naess, Vera C, Rubin, That’s Organizations: CNN, Caltech, NASA, Johns Hopkins University Applied Physics Laboratory, Research, International Astronomical, ESA, Yale University, Getty, California Institute of Technology, Planet Nine, Carnegie Institution for Science, Northern Arizona University, Sheppard, Kindai University, Rice of Yale University, University of Arizona, Survey Telescope, Theoretical Astrophysics, University of Oslo, US National Science Foundation, Stanford University, Rubin, Rubin Observatory, Nine Locations: Pasadena , California, AFP, Washington ,, Japan, Neptune, Hawaii, Chile, Norway

☆ HPE CEO tells BI why he's redoubling DEI initiatives as some companies waver
▼ + stars: | 2024-11-04 | by ( Emma Cosgrove | ) www.businessinsider.com time to read: +5 min

Hewlett Packard Enterprise CEO Antonio Neri prioritizes diversity, equity, and inclusion. AdvertisementHewlett Packard Enterprise CEO Antonio Neri started his career at the company as a "Customer Service Engineer" in a call center nearly 30 years ago. Neri said he addresses DEI initiatives at the company in internal quarterly leadership discussions and company surveys multiple times a year. The CEO role has changedThe 57-year-old CEO wants a diverse workforce that stays with the company and moves up the ranks. If you're sitting on the sideline, that means you're you're not contributing your best," he said.

Persons: Antonio Neri prioritizes, John Deere, —, Antonio Neri, " Neri, HPE, Harley Davidson, Neri, He's, it's, Meg Whitman, he's Organizations: Hewlett Packard Enterprise, Microsoft, Service, Hewlett, Enterprise, Business, HP, Partners, eBay Locations: Kenya

☆ China's Singles Day shopping festival is more than halfway over. Here's how consumers are spending
▼ + stars: | 2024-11-04 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +5 min

China's e-commerce giants stopped reporting Singles Day GMV in 2022 during the pandemic. Singles Day GMV this year as of Oct. 30 was 845 billion yuan ($119.1 billion), according to research firm Syntun. Subsidies boost appliancesHelping boost sales this Singles Day are China's subsidies for trade-ins of home appliances, launched in late July. They predict 4% to 5% growth in Singles Day GMV, with sales in the home appliance category supported by the trade-in program. "Something that kind of came out of nowhere, into all of a sudden really, really big numbers."

Persons: Alibaba, Jacob Cooke, JD's, ByteDance's Douyin, Cooke, Louis Vuitton, we've, UOB Kay Hian, JD.com, Dave Xie, Oliver Wyman, Xie, There's, Liang, Chiikawa, Taobao, Tmall Organizations: Visual China, Getty, Alibaba, Technologies, CNBC, Louis Locations: Lianyungang, Jiangsu Province, China, BEIJING, Asia, Alibaba, British

☆ I tried 13 of Trader Joe's specialty raviolis and ranked them from worst to best
▼ + stars: | 2024-11-04 | by ( Savanna Swain-Wilson | ) www.businessinsider.com time to read: +19 min

I reviewed all of Trader Joe's refrigerated ravioli that I could find and ranked them. So I made it my mission to try all of the refrigerated ravioli I could find at Trader Joe's and rank them from worst to best. Trader Joe's porcini-mushroom-and-truffle ravioli was packed with a rich flavor that may not be for everyoneThis ravioli even smelled like mushrooms. After trying it for the first time last year, it quickly became one of my favorite foods at Trader Joe's. WINNER: This cacio-e-pepe ravioli might be one of the best pasta products Trader Joe's has ever createdI love Trader Joe's cacio-e-pepe ravioli.

Persons: Parmigiano, pepe ravioli, Joe's, —, Wilson, you'll, Parmigiano Reggiano, Wilson Arugula, It's, it's, I'm, Boyardee, grandma, Wilson I'm, there's, ravioli, Savanna, I've, e pepe, pepe, pecorino Organizations: Service, KFC, Wilson Locations: Italy, Savanna, Joe's

☆ Jefferies says this tax software name can jump nearly 20% as it sustains cloud revenue growth
▼ + stars: | 2024-11-04 | by ( Pia Singh | In | ) www.cnbc.com time to read: +2 min

Vertex is set to deliver strong cloud growth over the next few years, according to the firm. The company's management expects 28% cloud growth this year, and Samana thinks it can see compounded annual growth of more than 20% through at least 2027. Samana said Vertex's cloud revenue growth opportunity is supported by its September acquisition of e-invoicing provider Ecosio. Vertex could also see continued strong customer migration from on-premise software to the cloud, benefitting its revenue growth and margins, he said. Eight of 12 analysts covering Vertex have a buy or strong buy rating on the stock, LSEG data shows.

Persons: Samad Samana, Samana, mgmt Organizations: Jefferies Locations: Samana

☆ Cans of ‘fresh air’ from Lake Como on sale to tourists in Italy
▼ + stars: | 2024-11-04 | by ( Issy Ronald | ) edition.cnn.com time to read: +3 min

But now, communications company ItalyComunica says it has bottled the very air of Italy’s picturesque Lake Como and is selling these cans for €9.90 ($11) apiece. courtesy Italycomunica srlMore than 5.6 million people visited Lake Como in 2023, and the numbers are consistently growing, according to the Lombardy tourism bureau. In an attempt to capitalize on the visitor numbers, marketing specialist Davide Abagnale originally created an e-commerce site selling Lake Como posters, after seeing so many posters of San Francisco and Los Angeles on his honeymoon in 2022. “It’s a novel idea, but not for everyone,” he told CNN. Tourists can also buy cans of air in Iceland, while a Canadian company saw its sales boom in 2015 when hundreds of Chinese customers began buying its canned air.

Persons: – George, Amal Clooney, Gucci ”, srl, Davide Abagnale, ItalyComunica, “ It’s, ” Abagnale, Alessandro Rapinese, wouldn’t, “, ”, Chiara Piscitelli, Abagnale Organizations: CNN, “, Como Locations: Lake Como, Lombardy, San Francisco, Los Angeles, Como, Naples, England, Scotland, Wales, Northern Ireland, Iceland, Canadian

☆ Jim Cramer says Monday's market action suggests some traders anticipate a Harris win
▼ + stars: | 2024-11-04 | by ( Julie Coleman | ) www.cnbc.com time to read: +2 min

CNBC's Jim Cramer reviewed Monday's market action, saying the session's moves reflect investors who feel Vice President Kamala Harris could win the presidency, even as the race remains deadlocked in the polls on the eve of Election Day. "I'm not sure the market's right about what a Harris presidency would mean for business, but at least now we have a blueprint for what Wall Street thinks it'll mean," he said. Traders, Cramer said, are looking to get ahead of election results, and they're looking for signs that someone knows something that others don't. The poll showed Harris leading Trump 47% to 44%, and Cramer said it has led investors to question whether other red states could turn blue. "I like the idea that you can now get a jump on what traders think," he said.

Persons: CNBC's Jim Cramer, Kamala Harris, I'm, Harris, Cramer, Donald Trump, Lina Khan Organizations: Traders, Trump, Toll, Companies, Constellation Brands, Biden, Federal Trade Locations: Iowa, Lennar

☆ Accenture CHRO Ellyn Shook's biggest lessons from the C-suite
▼ + stars: | 2024-11-04 | 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 EmailAccenture CHRO Ellyn Shook's biggest lessons from the C-suiteCNBC Content Editor Susan Caminiti sits down with Accenture CHRO Ellyn Shook for a wide-ranging exit interview ahead of her retirement in March. Shook shares her biggest lessons from her 36-year career at Accenture, her thoughts on generative AI, leading with compassion, and how to find your purpose.

Persons: Susan Caminiti, Accenture CHRO Ellyn, Shook Organizations: Accenture, CNBC

☆ Sam Altman's hiring strategy bets on talent, not age
▼ + stars: | 2024-11-04 | by ( Beatrice Nolan | ) www.businessinsider.com time to read: +3 min

Sam Altman says he prioritizes talent over age in his hiring decisions. The job market in Big Tech is increasingly polarized with many job seekers facing a bleak outlook. AdvertisementOpenAI CEO Sam Altman says his hiring strategy is focused on talent over age. Advertisement"You want both, and I think what you really want is just like an extremely high talent bar of people at any age, " Altman said. While Altman may prioritize talent over age at OpenAI, some older tech employees say they are experiencing ageism in the workforce.

Persons: Sam Altman, —, Harry Stebbings's, Altman, wouldn't, Noam Shazeer, Mustafa Suleyman, Karen Simonyan, Zers Organizations: Big Tech, Service, Tech, Google, Microsoft, BI Locations: OpenAI

☆ The Dow needs Nvidia to give chipmakers representation in index after Intel's plunge
▼ + stars: | 2024-11-04 | by ( Ari Levy | ) www.cnbc.com time to read: +3 min

Nvidia, on the other hand, recently leapfrogged Intel as the biggest chipmaker by revenue, creating a clear one-for-one swap opportunity. With Intel being the only chipmaker in the index, the sector is underrepresented relative to its position in the economy. Nvidia positioned itself to join the Dow in May, when the company announced a 10-for-1 stock split. Amazon joined the Dow in January, giving the internet sector greater representation in the index. Meta's price of almost $562 would currently give it the heftiest weighting in the Dow, just ahead of UnitedHealth Group .

Persons: Dow Jones, Howard Silverblatt, Dow, Silverblatt, Sherwin, Williams Organizations: Intel, Dow Jones, Nvidia, Dow, Verizon, Chevron, Dow Inc, Amazon, UnitedHealth, AMD Locations: U.S

☆ Kim Kardashian wore a nearly $200,000 necklace previously seen on Princess Diana. It isn't the only vintage piece she owns.
▼ + stars: | 2024-11-04 | by ( Samantha Grindell | ) www.businessinsider.com time to read: +4 min

Kardashian bought the necklace at an auction for nearly $200,000 in 2023. Kardashian has a penchant for vintage fashionThe necklace isn't the first famous archival piece Kardashian has bought at an auction. AdvertisementIn addition to her auction purchases, Kardashian is also known to borrow vintage pieces for red carpets. Kim Kardashian attends the Academy Museum Gala in October 2024. Fashion enthusiasts were concerned she damaged the vintage piece, but Kardashian and Ripley's Believe It or Not, which owns the gown, denied those claims.

Persons: Kim Kardashian, Princess Diana, Kardashian, —, Gucci, Bauer, Griffin, Princess Diana's, Garrard, Naim Attallah, Sotheby's, Diana, Tim Graham, Attallah, Catherine Walker, Alberto E, Rodriguez, Michael, Jackie Kennedy, Martin Nolan, Nolan, it's, Emma McIntyre, Marilyn Monroe's Organizations: Service, Angeles County Museum of Art, Axelle, Getty, Julien's, Academy Museum, Academy Museum of Motion Locations: Palestinian, British, West

☆ Dollar Tree CEO Rick Dreiling abruptly steps down
▼ + stars: | 2024-11-04 | by ( Ramishah Maruf | ) edition.cnn.com time to read: +1 min

New York CNN —Embattled discount chain Dollar Tree announced its CEO and chairman, Rick Dreiling, had stepped down on Sunday. Shares of Dollar Tree, which also owns Family Dollar, have plunged more than 50% this year. Dollar Tree, which also owns Family Dollar, appointed COO Michael C. Creedon as interim CEO and Edward J. Kelly as chairman. Dollar Tree also said it is still committed to a review of “strategic alternatives” for Family Dollar. Dollar Tree bought its rival in 2015 for $8.5 billion, believing the acquisition of Family Dollar would help it compete against larger companies.

Persons: Rick Dreiling, Dreiling, ” Dreiling, Michael C, Creedon, Edward J, Kelly, It’s, CNN’s Nathaniel Meyersohn Organizations: New, New York CNN, Walmart Locations: New York

☆ Kim Kardashian gives Princess Diana’s famed crucifix necklace its first public outing
▼ + stars: | 2024-11-04 | by ( Leah Dolan | ) edition.cnn.com time to read: +3 min

But on Saturday, at the LACMA Art+Film Gala in Los Angeles, Kardashian debuted another cultural artifact — a diamond-lined cross pendant, once a favorite of Princess Diana. Alberto E. Rodriguez/WireImage/Getty ImagesKardashian bought the piece for £163,800 (around $212,000) in January 2023 during the final five minutes of a Sotheby’s auction. Her red carpet appearance over the weekend marked the first time the necklace has been worn in public since Diana’s death in 1997. Kardashian styled the necklace differently, shortening the pearl chain significantly, and wearing it alongside a stack of jewels, including a six-strand pearl choker. “Why are we still giving this woman precious heirlooms like Diana’s necklace after she broke Marilyn’s dress,” wrote one commenter on Instagram.

Persons: CNN — Kim Kardashian, Marilyn Monroe, Janet Jackson, Jackie Kennedy, Elizabeth Taylor’s, Lorraine Schwartz, Michael Jackson, Kardashian, Princess Diana, Alberto E, Rodriguez, Garrard, Naim Attallah, Diana, Catherine Walker, Kim, neckline, ”, Kristian Spofforth Organizations: CNN, CNN’s Royal Locations: Los Angeles, Palestinian, British, London

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