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Analysts are optimistic about Apple's iPhone 16 sales going into the holiday season. Apple shares hit a record intraday high earlier this week. AdvertisementFall is shaping up to be good for Tim Cook as Apple rounds the corner into the holiday quarter. Analysts expect the rollout of Apple's AI features to drive iPhone demand into the holiday season. Apple Intelligence is expected to officially launch by the end of the month, and new Macs are reportedly on the way.
Persons: , Tim Cook, Nabila Popal, Morgan Stanley, Bernstein, Cook, Jacob Bourne, Bourne, Erik Woodring, William Kerwin, Kerwin, TSMC Organizations: IDC, Apple, Service, Apple Intelligence, Wall Street, ISI, Forbes, Business, Morningstar Locations: China, Xiaomi, Indonesia
Jim Cramer on what Nike would need for a comeback
  + stars: | 2024-10-17 | by ( Jim Cramer | ) www.cnbc.com   time to read: 1 min
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailJim Cramer on what Nike would need for a comeback'Mad Money' host Jim Cramer looks at what Nike's new CEO means for the company's future.
Persons: Jim Cramer Organizations: Nike
Dividend stocks could be poised to get their moment in the sun as interest rates fall – and investors only need to take a simple step to boost their long-term returns in these positions. "As rates fall, we might see people looking for longer-term alternatives and, in turn, dividend-paying stocks," he said. For starters, it's a form of dollar-cost averaging into a position, meaning you're buying the stock at regular intervals regardless of the price. "It allows them to reinvest this dividend on a regular scheduled timeframe and have a great opportunity for a larger total return over the long term." The ProShares S & P 500 Dividend Aristocrats (NOBL) has a total return of nearly 15% in 2024 and an expense ratio of 0.35%.
Persons: Dan Stein, Charles Schwab, Jay Spector, That's, would've, you'll, Stein, – CNBC's Chris Hayes Organizations: Federal Reserve, Investors, CFP, EverVest, Machines, IBM, Target Corp, Apple, Broadcom, Microsoft, Exxon Mobil, Internal Revenue Service Locations: Tysons Corner , Virginia, Scottsdale , Arizona
More significant to the political dynamics at play, however, is how the civilian overseas vote has eclipsed military voters abroad. “As it turns out, there are more overseas civilian voters than there are military voters,” said Michael McDonald, a University of Florida political science professor. GOP congressmen suing their own stateIn the Pennsylvania case, the dispute is over how overseas ballots are being vetted. Democrats, who intervened in the case, argue that the Republican lawmakers’ request could disenfranchise “tens of thousands” of overseas voters, including those in uniform. “Our lawsuit does not in any way affect military voters’ right to vote, which is protected by federal law under UOCAVA.
Persons: Kamala Harris, Donald Trump, Jocelyn Benson, they’ve, , it’s, Michael McDonald, Research he’s, Martha McDevitt, Pugh, McDevitt, who’ve, Michael Whatley, Benson, ” Patrick Gannon, , it’d, we’re, Joe Biden’s, , disenfranchise, Pat Ryan, Lloyd Austin, Trump, ” Ryan, Ryan, ” Claire Zunk, ” McDevitt, they’re Organizations: CNN, Democrats, Commission, Republican, Michigan, , Republican National Committee, Republicans, Trump, Democratic, Overseas Citizens, EAC, University of, Research, North, RNC, North Carolina Board of, Elections, Social Security Locations: Pennsylvania, North Carolina, Michigan, Detroit, Harrisburg, University of Florida, Maine, Colorado, , New York, Iraq
Elevance Health – Shares plummeted more than 10% after the health insurer reported weaker-than-expected third-quarter earnings. Taiwan Semiconductor – The stock surged more than 8% after the company reported a 54% gain in net profit for the third quarter. Nokia – Shares slid more than 5% after the company reported an 8% dip in sales for the third quarter, citing a slowdown in the Indian market. Alcoa reported third-quarter adjusted earnings of 57 cents per share, versus the 28 cents a share expected from analysts polled by LSEG. Kinder Morgan posted adjusted earnings per share of 25 cents on $3.70 billion in revenue.
Persons: Gail Boudreaux, Centene, Uber, Lucid, Pekka Lundmark, Kinder Morgan, LSEG, , Alex Harring, Michelle Fox Theobald Organizations: Molina Healthcare, Taiwan Semiconductor, Nvidia, Financial Times, Public Investment Fund, Nokia, CSX, Alcoa –, Alcoa, LSEG Locations: Expedia, Saudi
Jo Storm, 69, quit her job to care for her granddaughter and her grandson, born two years apart. Her son and daughter-in-law paid her $10 an hour — a sum she refused to accept after working a week. The grandma said it made her feel like an "employee," and she wanted to do the job for free instead. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementBut I told them I was giving a gift to my son, daughter-in-law, and grandchildren that was priceless.
Persons: Jo Storm, , I'd, they'd Organizations: Service, Business Locations: Wisconsin
With that increase, the maximum Social Security benefit for a worker retiring at full retirement age will jump to $4,018 per month, up from $3,822 per month this year, according to the Social Security Administration. Who gets maximum Social Security benefits? Since Social Security retirement benefits are calculated based on the highest 35 years of earnings, workers need to consistently have wages up to that threshold to earn the maximum retirement benefit. If a wealthy person has other sources of income, for example from investments that do not require payroll tax contributions, that will not affect the size of their Social Security benefits, said Jim Blair, vice president of Premier Social Security Consulting and a former Social Security administrator. How can you increase your Social Security benefits?
Persons: Paul Van de, Van, Water, Jim Blair Organizations: Social, Social Security, Social Security Administration, Security, Budget, Premier Social Security Consulting
“I think it would be a big mistake to underestimate the president,” Scholz told PBS ahead of NATO’s 50th anniversary summit in Washington. Biden has instead opted for “minilateralism,” what foreign policy experts have come to term his strategy for dealing with smaller coalitions of like-minded nations. “Ironically, it is precisely Biden’s caution that has encouraged continued Russian, Chinese, North Korean, and Iranian misbehavior,” Kempe writes. According to Pew Research Center polling on views of Biden across 34 countries, 63% of German respondents expressed confidence in Biden. In Poland – another country where aides have considered having Biden visit to tout Ukraine support – 70% of respondents express confidence in Biden.
Persons: Joe Biden’s, he’s, Olaf Scholz, Scholz, , ” Scholz, Biden, Frank, Walter Steinmeier, Hurricane Milton, Volodymyr Zelensky, Fred Kempe, Biden didn’t, ” Kempe, Biden’s, , Richard Wike, Trump, Ukraine that’s, Zelensky, Barack Obama, Alexis Tsipras, Obama, ’ ” Obama Organizations: CNN, American, Hurricane, Biden, Russia, China, Atlantic Council, Pew Research, , Global, Research, Trump, Greek Locations: Russia, Ukraine, NATO’s, Washington, Berlin, France, Germany, Israel, United Kingdom, Ukrainian, East, Iran, United States, Africa, Asia, North Korean, Poland, Kenya, Philippines, Greece, Athens
CEO Olugbenga “GB” Agboola was celebrated for his leadership and lauded as a trailblazer in African fintech, providing digital payment services for businesses across the continent. However, Agboola says Flutterwave has weathered the storm and emerged stronger than ever. In his first major interview since the allegations, Agboola told CNN that Flutterwave is on a mission to rebuild trust and strengthen its governance practices. She says Flutterwave’s fast growth exposed weaknesses in governance, compliance, risk management strategies and inadequate internal controls. Beyond the focus on governance and structure, Agboola envisions a future where Africa’s diverse payment systems are seamlessly integrated into a unified marketplace.
Persons: Flutterwave, Olugbenga, Agboola, ” Agboola, “ We’ve, , Mitesh Popat, ” Popat, , ” Bawo, ” Egbakhumeh, “ Flutterwave, Africa Agboola, we’re Organizations: CNN, Kenyan, Citibank, Nigeria’s Economic, Commission, Global, MainStreet Bank, American Express Locations: Kenya, , Flutterwave, Africa, Ghana, Zambia, Uganda, Rwanda, United States, Nigeria, San Francisco
Host Bret Baier pressed Harris on a survey in which respondents said the US was on the wrong track. Harris touted her economic plans and said her presidency wouldn't be a continuation of Joe Biden's. AdvertisementKamala Harris faced off with Fox News host Bret Baier on Wednesday — and things got tense quickly. Harris said Trump's economic plan would "ignite inflation" and lead to a recession by the middle of next year. Related storiesBaier, who hosts "Special Report with Bret Baier," again cited the poll and pushed Harris to explain how she'd be different from Biden.
Persons: Kamala Harris, Bret Baier, Harris, wouldn't, Joe Biden's, , Baier, Donald Trump, he'd, what's, Joe Biden, I'm, Harris didn't, Trump Organizations: Fox News, Service, Biden, Marquette Law, Trump, Republicans Locations: Mexico
Travelers' third-quarter earnings came in at $5.24 per share, topping the $3.55 a share expected from analysts polled by LSEG. Blackstone reported third-quarter earnings of $1.01 per share on revenue of $2.43 billion. CSX — Shares slipped 5.9% after the transportation company reported disappointing third-quarter results. Alcoa — The aluminum producer's stock shed more than 3% after the company reported third-quarter revenue of $2.90 billion, below the $2.97 billion LSEG consensus estimate. Synovus Financial — Shares popped 5% after the company reported better-than-expected adjusted earnings per share for the third quarter.
Persons: Uber, LSEG, Elevance, Blackstone, Equifax, Synovus, — CNBC's Sean Conlon, Hakyung Kim, Alex Harring, Pia Singh Organizations: Taiwan Semiconductor, Nvidia, Micron, Times, Expedia, , LSEG, CSX, Nokia —, Alcoa, FactSet, Dynamics, Steel, Walgreens, Alliance
Department of Justice officials met with survivors and “first-generation descendants” of the massacre over the last two days, Solomon-Simmons said. The department announced it would launch a civil rights review into the massacre at the end of September. Solomon-Simmons said he and the survivors have high hopes for the investigation, which began in recent weeks. This week, DOJ officials also gathered evidence at the site of the massacre, according to Solomon-Simmons. Solomon-Simmons was flanked by survivors’ descendants and US Rep. Al Green of Texas, who has been an advocate for the families.
Persons: , Damario Solomon, Simmons, , Solomon, they’ve, God, ” Solomon, Emmett, Kristen Clarke, Al Green of, Green, ” Green, Hughes Van Ellis, Viola Fletcher, Lessie Benningfield Randle, Ellis, Fletcher, Randle, Benningfield Randle, Mother Randle, Mother Fletcher Organizations: CNN, Department of Justice, of Justice, DOJ, Rep, Oklahoma Supreme, Capitol Locations: Tulsa, Oklahoma, Greenwood, Tulsa’s Greenwood, Al Green of Texas
Momo Productions | Digitalvision | Getty ImagesWhile many investors have flocked to exchange-traded funds, they haven't gained much ground with 401(k) plan participants. The report found that 401(k) plans used ETFs most readily for sector and commodity funds — but even then, they did so just 3% of the time. Key benefits are 'irrelevant'Mutual funds, collective investment trust funds and separately managed accounts held the lion's share of the 401(k) assets across all investment categories, PSCA data shows. However, those benefits are "irrelevant" in 401(k) plans, Blanchett said. Blanchett said 401(k) plans are also long-term accounts in which frequent trading is generally not encouraged.
Persons: Momo, David Blanchett, hasn't, Philip Chao, Chao, Warren Buffett's, Blanchett Organizations: Exchange, Mutual, Morningstar, Investment Company Institute, ICI, of America, Vanguard Locations: John , Maryland
Katsoudas says AI adoption should start on the day-to-day level and be focused on skills training. What AI transformations are taking place at Cisco and among your workforce? From a technology perspective, at Cisco there have always been three different motions that are going on. As leaders, we're going to have a level of workforce planning insights that we've never had before because AI is going to help us with this. In technology roles, it was kind of easy because you could just send out a quick coding exercise and understand who had the capabilities.
Persons: Francine Katsoudas, , Katsoudas, Microsoft —, It's, we've Organizations: Service, Cisco —, Google, Intel, Microsoft, Cisco
Liam Payne, a singer who was part of One Direction, died Wednesday at the age of 31. One Direction was one of the most successful pop acts of the 2010s before they went on hiatus. The band never reformed, and Payne struggled to break out as a solo artist. AdvertisementThe death of Liam Payne, once part of One Direction, was a dark and abrupt turn for a person in a boy band that reinvigorated the pop-music industry. They became international stars, filling a gap in the market for a new type of boy band.
Persons: Liam Payne, Payne, , Harry Styles, Louis Tomlinson, Niall Horan, Zayn Malik, Simon Cowell, Stephen Graham, Michael Tran, Forbes, Taylor Swift, Savan, Stone, Kotecha, Alexis Petridis, Karwai Tang, WireImage Payne, Cowell, Rolling Stone, Styles, Payne's, would've Organizations: Service, Goldsmiths , University of London, Guardian, Billboard, YouTube, iFL Locations: Buenos Aires, Argentina, London
Taylor Swift is self-publishing "The Eras Tour Book" and releasing it exclusively at Target. By excluding traditional publishers, Swift ensured she would get more of the book's revenue. With her latest announcement, the singer is back to her business-disrupting playbook with "Taylor Swift | The Eras Tour Book." AdvertisementIn what most closely resembles her book deal, Swift self-produced last year's "Taylor Swift: The Eras Tour" film. "Obviously, Taylor Swift is sort of a case under herself for this stuff in terms of just her reach," Hane said.
Persons: Taylor Swift, Swift, , she's, it's, Clayton Durant, Simon &, Erik Hane, they're, It's, Ashok Kumar, Courtney Maum, Jessica Maddox, Gareth Cattermole, Maddox, Hane, Vittorio Zunino Celotto, Durant, vinyls, Taylor, John Shearer, Beyoncé, Paul Dergarabedian Organizations: Target, Service, Taylor Swift Publications, Nation School of Music, Sports, Entertainment, Simon & Schuster, Macmillan, HarperCollins, Hachette —, Literary, University of Alabama, Department, Universal Music, Big, Bloomberg, Poets Department, AMC, Mojo, Disney Locations: Long, Target, London, TikTok, Milan
CNN —Treasury Secretary Janet Yellen is set to warn that proposals for sweeping tariffs are “deeply misguided,” would ramp up inflation and hurt American businesses, offering a clear critique of former President Donald Trump’s economic policy. “Calls for walling America off with high tariffs on friends and competitors alike or by treating even our closest allies as transactional partners are deeply misguided,” Yellen will say, according to excerpts released by the Treasury Department. “But the issues we face today, from broken supply chains, to climate change and global pandemic preparedness, to China’s industrial overcapacity, also mean we cannot simply draw from an old playbook.”Trump implemented sweeping tariffs on about $300 billion of Chinese-made products while in office. He’s also said he would implement a “100% tariff” on countries that shift away from using the US dollar. “To me, the most beautiful word in the dictionary is tariff,” Trump said at the Economic Club of Chicago on Tuesday.
Persons: Janet Yellen, Donald Trump’s, Trump, Kamala Harris, , walling, , ” Trump, Biden, He’s, John Micklethwait, CNN’s Jordan Valinsky Organizations: CNN, Council, Foreign Relations, Trump, walling America, Treasury Department, Economic, of Chicago, Bloomberg Locations: New York City, Ukraine
Amazon is looking for ways to market itself outside the traditional TV spot under exec Amy Powell. She also teased a new show with "Recess Therapy" creator Julian Shapiro-Barnum. AdvertisementOn Monday, Amazon is set to announce "Celebrity Substitute," a new show with Julian Shapiro-Barnum, the 25-year-old comedian and actor of the online hit "Recess Therapy." "It involves Julian, how Amazon gives back to the community, schools, teachers," Amy Powell, head of entertainment marketing at Amazon, said recently when describing the concept. The upcoming show is one of many ways Powell is working to integrate Amazon's brand into entertainment, drawing on her Hollywood background.
Persons: Amy Powell, Powell, Julian Shapiro, , Barnum, Shapiro, they'll, Julian, we've, Jack Ryan, Nick Cannon, Powell wasn't, it's, What's Organizations: Paramount, Barnum, Service, Amazon, Paramount Television, Procter & Gamble, Marriott, Google, Walmart Locations: New York
The Wrap-Up for Thursday October 17
  + stars: | 2024-10-17 | 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 EmailThe Wrap-Up for Thursday October 17The top headlines that could drive today's trading.
Key lines from Kamala Harris vs. Fox News
  + stars: | 2024-10-17 | by ( Zachary B. Wolf | ) edition.cnn.com   time to read: +12 min
CNN —Vice President Kamala Harris has not submitted to many interviews with journalists during her short presidential campaign, and certainly none with conservative media. When Baier asked if this was an evolution in her thinking, Harris pointed to her record as a prosecutor taking on transnational criminal organizations. From immigration, Baier pivoted to the wedge topic of gender. When Baier asked if there were concerns about Biden’s abilities raised, Harris said:Bret, Joe Biden is not on the ballot. And Donald Trump is.
Persons: Kamala Harris, Bret Baier, Donald Trump, Harris, … HARRIS, I’m, HARRIS, Joe Biden’s, Baier, didn’t, Laken Riley, … Baier, Alexis Nungaray, Jocelyn Nungaray, Nungaray, Biden, We’ve, Donald Trump’s, I’ve, CNN’s KFile, Trump, You’re, , It’s, she’s, Bret, , Joe Biden, Organizations: CNN —, Fox News, Homeland, Senate, Democrats, Trump, Republican, Democratic, Biden, Republicans Locations: Georgia, Houston, Washington, United States, , China, Iran
The exec leading Cubist's centralized high-frequency trading unit is leaving the firm. Cubist, the quant arm of pod shop Point72, has invested heavily in its centralized trading effort. AdvertisementCubist Systematic Strategies has been investing tens of millions into a centralized trading operation. He has a background in FX futures, working at Radix, 3Red, and most recently Citadel Securities, where he was a quant researcher in high-speed, machine-learning-driven trading strategies, according to his LinkedIn and personal website. While he only officially joined Cubist last year, he was recruited in 2021 and was subject to a two-year noncompete clause.
Persons: Vibhav Bukkapatanam, , Bukkapatanam, Denis Dancanet Organizations: Service, Citadel Securities, Citadel, Tower Research Locations: multimanager, HFT, Dancanet
For a limited time, Robinhood is offering bonuses to users who transfer investments to the app. From October 16 to 27, claim HOOD Week bonuses of up to 3% on transfers for Robinhood Gold subscribers. If you've been considering choosing Robinhood Investing for your investments, the platform's brand-new HOOD Week is the time to make the switch. Cash management accounts availableCheck mark icon A check mark. Robinhood Gold is offered through Robinhood Gold LLC and is a subscription offering services for a fee.
Persons: you've, Robinhood Organizations: Robinhood Gold, HOOD, Federal Reserve, IRS, Robinhood, Robinhood Financial Locations: Robinhood, U.S
The musician Florence Welch, photographed in London on July 5, 2024. For nearly two decades, Florence Welch’s songs have offered a mythic view not only of pop music but of the glories and rages of being a female artist today. When I rang the Camberwell, South London, doorbell of Florence Welch, I held a tribute: “The Penguin Book of Spiritual Verse” (2022), edited by Kaveh Akbar. An aversion to definition is a great gift to an artist like Welch. Art begins in the body; art is limited by the limitations of the body; at some point, art exceeds the body and can live beyond the scope of flesh.
Persons: Florence Welch, Valentino, Luis Alberto Rodriguez, Vanessa Reid FLORENCE, Florence Welch’s, Inanna, Enheduanna, Jane Hirshfield PROPHETESS, , Kaveh Akbar, I’ve, Welch, they’re, enormity, Madame Blavatsky, , Fleetwood, Taylor Swift, William Morris, Evelyn Welch’s, Vanessa Reid, Welch wouldn’t, who’ve, Nick Cave, Patti Smith, Stevie Nicks, Tom Waits, Jeff Buckley, Sam Cooke, Otis Redding, ” Welch, Ganavya Doraiswamy, who’s, Welch’s —, Doraiswamy, Uyir, Federico García Lorca’s, it’s, Shakespeare, Mozart, Toni Morrison, Lorca, It’s, Jack Antonoff, she’s, Chanel, Nick Welch, Sebastians, she’d, dryly, Bugsy Malone ”, Grace, squats . Welch, Isabella Summers, hasn’t, didn’t, Fiona Apple, Kate Bush, Regina Spektor, Annie Lennox, Joanna Newsom, Sinead O’Connor, thrall, ’ She’s, Gustav Klimt, who’d, Jimi Hendrix, Janis Joplin, Jim Morrison, Kurt Cobain, She’d, Dave Grohl, Scott Fitzgerald’s, Thomas Bartlett, Nico Muhly, Yoko Ono, Sufjan Stevens, Nick Carraway’s, Jay Gatsby, , hadn’t, spiraled, Louis Vuitton, John, John Singer Sargent, Sargent, Miss Elsie Palmer ”, I’d, “ I’ve, Britney Spears, Dolly Parton, ” I’d, de Wilde, ” de Wilde, Julia Margaret Cameron, Leonora Carrington, Remedios Varo, Loie Fuller, Ellen Terry, Lady MacBeth ”, ’ ” Welch, they’d, King ”, King, Elvis Presley, revel, Ovid, Apollo, preternaturally, Anthony Turner, Thom Walker, Afra Zamara, Jack Symes, Sam Hearn, Daiki Tajima, Federico Covarelli, Emily Rose Lansley, John Allan, Samanta Falcone, Ollie Kariel, Pip Long, Karen Avenell, Andreea Georgiana Rădoi, Sam Wright Organizations: Machine, YouTube, Enheduanna, University of Bristol, Smiths, Big, Camberwell College of Arts, Foo Fighters, American, Theater, Antonoff, Tate, John Singer, Jolly, Art, Digital Locations: London, FLORENCE, Camberwell, South London, Florence, Florida, , Camberwell —, British, Tamil, Spanish, Strasbourg, dyscalculia, Toronto, squats ., Cambridge, New York City, Tate Britain, American,
At the time, the young Payne said he was more focused making music than schoolwork. Christopher Polk/Getty Images Payne takes a selfie with fans at the 2014 ARIA Awards in Sydney. Terence Patrick/CBS/Getty Images Payne poses for photos with his then partner Cheryl Cole at the 2018 BRIT Awards in London. Joe Maher/FilmMagic/Getty Images Payne performs on "The Today Show" in 2019 to promote the release of his first solo album. Zayn Malik, Louis Tomlinson, Liam Payne, Niall Horan and Harry Styles on the 'The X Factor' in 2010.
Persons: Liam Payne, Payne, , , Louis Walsh, James Shaw, Shutterstock Payne, Louis Tomlinson, Zayn Malik, Harry Styles, Niall Horan, Nicole Scherzinger, Ken McKay, Shutterstock, Dave Hogan, Christopher Polk, Cameron Spencer, James Corden, James Van Der Beek, Jim Gaffigan, Terence Patrick, Cheryl Cole, Bear, Joe Maher, FilmMagic, Kate Green, Will Matthews, Marc Piasecki, Luis Robayo, Singer Liam Payne, ” Payne, I’ve, Frank Sinatra’s, Simon Cowell, Michael Buble’s, ” Cowell, Cowell, Directioners ”, Iron, “ He’s, Malik, Cole, Tolga Akmen, 😘😘 Organizations: CNN, Wolverhampton, Party, Fremantle Media, Getty, CBS, NBC, Soccer Aid, UNICEF, MTV Locations: Buenos Aires, Argentina, London, Wolverhampton , England, Barbados, Los Angeles, Sydney, Manchester, England, Paris, AFP,
The bank's list includes six overweight-rated stocks from the U.K., which it gave an average upside potential of 25%. "UK stocks overall are still very under-owned and look very cheap. Here are two of Barclays' conviction stock ideas which it gave over 35% upside. SSP Group The stock that was given the biggest upside is SSP Group , a travel food and beverage operator. Barclays has a target price £3.20 on the stock, giving it around 39.1% upside potential.
Persons: — CNBC's Michael Bloom Organizations: Barclays, London Stock Exchange, ConvaTec Locations: U.S, Europe
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