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Driverless cars are speeding onto America's streets, but whether the public will trust robotaxis remains an open question. Nearly two-thirds of Americans said they would not want to ride in a driverless passenger vehicle if they had the opportunity, according to a Pew Research Center Survey. Tesla's upcoming robotaxi launch threatens to throw the whole autonomous vehicle space off course. Alphabet -owned Waymo is the leader in the space, with the company claiming it has notched more than 22 million driverless miles. Uber has hedged its bets by inking high-profile deals with autonomous vehicle companies, but it's unclear how long those partnerships will last.
Persons: robotaxis, Tesla, Elon Musk, Waymo, Cruise Organizations: Pew Research Center Survey, GM Locations: San Francisco , Los Angeles, Phoenix
The Fed is done cutting interest rates for the rest of the year, according to Ed Yardeni. Fears of a recession have been almost completely eliminated, the market vet said in a note. The no-show Fed-triggered recession will remain a no-show, especially now that the Fed has started to lower the FFR even though it isn't warranted by the performance of the economy," Yardeni wrote. I think it broadens out from the Magnificent Seven to the S&P 493," Yardeni added, speaking to Bloomberg on Monday. "We're going to have another quarter where I think earnings will go to a record-high in the third quarter."
Persons: Ed Yardeni, Yardeni, , landers, they're Organizations: Service, Reserve, Yardeni, Bureau of Labor Statistics, Services, Institution of Supply Management, Atlanta Fed, Fed, Bloomberg, Investor
AdvertisementIn short, boomers love stuff, and not just their stuff. They held on to their parents' stuff when they inherited it, and a lot of them are sitting with their kids' stuff in their attics now, too. The market value of the object and the sentimental value don't always go hand in hand. "I often emphasize the idea that the market value of the object and the sentimental value don't always go hand in hand," he said. Remember, it takes a lot of stuff to live a full life — and it's hard to let go of it.
Persons: Dale Sperling's, Sperling, it's, they're, It's, they've, Gen Xers, Gen Zers, Sarah Hersh, Ben Hersh, — you'll, Mary Kay Buysse, They're, Hummel, Mindy Godding, you've, Godding, Elizabeth Hirsh, Wen Stone, Janelle, Ben Miller, they'll, Miller, Stephanie Preston, Buysse, we've, , Janelle Stone, I've, that's, she's, doesn't, downsizers, Cameron Huddleston, Let's, Emily Stewart Organizations: Facebook, National Association of Senior, Boomers, University of Michigan, eBay, Business Locations: New York City, New Jersey, North Carolina, Dallas, downsizers, New York
Kamil Krzaczynski | AFP | Getty ImagesThere are few topics Americans would rather not talk about more than money. 'Missed opportunities' of not talking about moneyFor both couples and families, not having those crucial financial conversations can cost them, financial advisors say. Have talks 'before an emergency situation arises'On a positive note, some money conversations are happening more regularly, U.S. Bank's research found. Still, 45% of respondents say they are unaware of their parents' financial situation, U.S. Bank found. To work past financial standoffs, it helps for couples to create a more welcoming environment to engage their partners in money conversations, Cherry said.
Persons: Kamil Krzaczynski, Wells, Scott Ford, Preston Cherry, Cherry, it's, Ford, Winnie Sun, Douglas Boneparth, Boneparth, Ted Jenkin, It's, Jenkin, Couples, Organizations: AFP, Getty, U.S . Bank, CNBC FA, Sun, Wealth Partners, CNBC FA Council, Bank, Finance Locations: Chicago , Illinois, Wells Fargo, Green Bay , Wisconsin, Irvine , California, New York City, U.S, Atlanta
Ideally, you'd declutter before you start packing for a move. AdvertisementI'm a professional declutterer and often get asked by clients when they should start decluttering while planning a move. Put 2 boxes out — things you're moving and things you're donatingWhen packing small items, use two boxes: one for the stuff that's going with you and one for the things you'll drop off at the thrift store. If you're agonizing over whether to keep or toss an item, you're allowed to keep it and move on. Related storiesIf you're holding out for money, be realistic about how much you think you can earn by selling your things.
Persons: I'm, , it's, you've, you'll, It's Organizations: Service, Salvation Army, Technology, Facebook, revel
We thought replacing our carpets with vinyl-plank flooring would be pretty easy and cost $6,000. We consulted specialists at a home-improvement chain, got measurements and estimates, and chose our luxury vinyl-plank flooring. Lauren Salles GumpertThis project wasn't done once our vinyl-plank flooring was put down. AdvertisementAlso, the vinyl flooring keeps our downstairs much cooler than our carpeted upstairs, where our bedrooms are. And if I'm being honest, my young kids would've preferred the soft carpet to the harder vinyl floors, which I now cover with rugs, anyway.
Persons: we'd, , that's, Lauren Salles Gumpert, we've, it's, would've Organizations: Service
Meta is facing calls from U.K. banks and payment firms like Revolut to financially compensate people who fall for scams on their services. Proposals to make tech firms liableTensions have been running high between banks and tech companies for some time. A key ask has been for the tech firms to share more detailed intelligence on how criminals are abusing their platforms. Social media firms not doing enough to combat and remove attempts to defraud internet users was another complaint from regulatory authorities at the event. Jones added that it was tough to "break the inertia" at tech companies to "really get them to get after it."
Persons: Jaap Arriens, it's, Meta, Woody Malouf, Matt Akroyd, Kate Fitzgerald, Rob Jones, Jones Organizations: Nurphoto, Getty, Systems, PSR, Payments Association, Facebook, NatWest, Metro Bank, Financial Times, Labour Party, CNBC, Stewarts, Social, Economic Crime, U.K, National Crime Agency, Tech, Meta, Intelligence Locations: London
The Middle East is anticipating strikes on the anniversary of the October 7 terror attacks. Israeli offensives have targeted several Middle Eastern regions, including Gaza, Lebanon, and Syria. AdvertisementThe Middle East is on high alert for military strikes timed to coincide with the first anniversary of the October 7 terror attacks on Israel. AdvertisementThere are fears the conflict could escalate into a full-blown war in the Middle East. AdvertisementIn June, the IMF said that the long-term economic effects of conflict on real GDP per capita in the Middle East would be particularly severe.
Persons: , Yuval Baron, Keith Siegel, Adm, Daniel Hagari, Israel, Khader Ali Tawil, Kfar Yuval, Georgios Petropoulos, Jake Oubina, Piper Sandler Organizations: Service, Gaza Health Ministry, Reuters, Military, UN Humanitarian Affairs, CNN, Hamas, Health Ministry, BBC, Bank of Israel, Fox Business Locations: Gaza, Lebanon, Syria, Haifa, Israel, Iran, Tiberias, Beirut, Kfar, suboffice, Rafah, Yemen
Sam's ClubGRAPEVINE, Texas — When shoppers walk into Sam's Club's newest store, they'll soon see a shiny blue Mercedes-Benz SUV, a sectional sofa and zero checkout lanes. Sam's ClubSince Walmart's founder Sam Walton opened the first Sam's Club in 1983, the membership-based club has become the more tech-savvy arm of its retail-behemoth parent. Nicholas said upon its reopening, the location will become a testing ground for Sam's Club's newest features and emerging technology. Sam's Club and Costco have roughly the same number of U.S. clubs, but Costco pulls in about twice as much annual revenue. Sam's Club also opened The Clubhouse in August, an approximately 37,000-square-foot office building across from the retailer's headquarters in Bentonville, Arkansas.
Persons: they'll, Chris Nicholas, Sam Walton, It's, Nicholas, you've, Peter Keith, Piper Sandler, Organizations: Benz, Walmart, Sam's Club, Club, Costco, Sam's, Costco Costco, Costco's U.S Locations: Dallas, GRAPEVINE , Texas, Bentonville , Arkansas, U.S, Grapevine
Walmart's logistics business is pressuring Amazon's own, according to Wells Fargo analysts. But Amazon "is no longer the only scaled marketplace in North America," Wells Fargo analysts led by Ken Gawrelski wrote in a research note on Monday. They pointed to Walmart's announcement in August, for instance, that third-party sellers would be able to use Walmart's fulfillment network for orders placed outside of Walmart's website. The analysts cited the pressure from Walmart's fulfillment business as just one of the challenges facing Amazon's income. Amazon's stock slid more than 3% on Monday to about $180.50 after the Wells Fargo analysts published their note.
Persons: Amazon's, Wells, Wells Fargo, , Ken Gawrelski, Gawrelski Organizations: Walmart, Service, Amazon, Wells, Amazon Web Services Locations: North America, Walmart's
Family office employees, in turn, can be paid on par with, or even better than, banking, private equity, and other top finance jobs. AdvertisementBillionaires like Ray Dalio, the founder of Bridgewater Associates, and Google co-founder Sergey Brin have established family offices in the city-state. Family office staff need to learn on the fly — even about racehorses. Managing multiple family membersIn family offices, technical brilliance alone isn't enough to secure a role. Westall shared a story of a family office executive who started as a cleaner while he was in film school.
Persons: , Ray Dalio, Sergey Brin, Mukesh Ambani, Jack, Paul Westall, Goldman Sachs, Westall, Jimmy Soh, Soh, Pierre Pineau, that's, Pineau, Mike Campbell, there's, who's Organizations: Service, Bridgewater Associates, Google, Business, Agreus, Goldman, AP, Ivy League, Mandoga Locations: Singapore, Hong Kong, Asia, Europe
Holly Taylor estimates she's interviewed hundreds of people in her decade-long career in the HR space. The head of people at Public Digital, a London-based consultancy, says she tries to be innovative and equitable in the hiring process, such as recently sending interview questions to job candidates in advance. But one question is her favorite to ask in interviews, even though "it stumped me so much" when she first heard it seven years ago: What is the most valuable piece of feedback that you have received in your career? They explain "this was the feedback, this is how I approached it, this is how I changed, and this is the impact of having that feedback," Taylor says. Plus, sign up for CNBC Make It's newsletter to get tips and tricks for success at work, with money and in life.
Persons: Holly Taylor, she's, Taylor Organizations: Public, CNBC Locations: London
Even fantasy football participants like to hold their cards close to their chests. But the new Top Contributing Factors feature in ESPN Fantasy Football is an interesting contrast. For the past eight years, IBM has worked closely with ESPN to enhance its popular fantasy football platform. The feature satisfies the fantasy football participants' curiosity and makes a broader point. Learn more about the AI in ESPN fantasy football.
Persons: Noah Syken, coverages, Dario Gil, Malcolm Gladwell, Mo Duffy Organizations: IBM, Baseball, Football, ESPN Fantasy, ESPN, IBM IBM, IBM Research, Red Hat, Business, Sports, Insider Studios
Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. Oil prices also continued their climb higher on escalating tensions in the Middle East — though Jim Cramer cautioned investors against chasing the concurrent rally in energy stocks at this point. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.
Persons: Jim Cramer, downgrades, We'll, Morgan Stanley, Wells Fargo, Jim, Abbott, Louis, Stocks, Jim Cramer's Organizations: CNBC, Apple, DuPont, Constellation Brands, Federal, U.S, Bank, Abbott Laboratories, FDA, CDC, NIH, Abbott Labs, Pfizer, American Express, KB, Netflix, Air Products, Chemicals, Jim Cramer's Charitable Locations: U.S, St
View at Amazon What we like Check mark icon A check mark. Multi-day battery lifeCheck mark icon A check mark. Durable, rugged designCheck mark icon A check mark. View at Amazon What we like Check mark icon A check mark. View at Amazon What we like Check mark icon A check mark.
Persons: Apple, Max Organizations: Business, Prime, Deal, Apple, Amazon, Apple Watch
"Sasha was basically our mom's third son," Daniel Andrews told Business Insider. Around 60% of Gen Z founders who were surveyed had involved their friends in the business, compared to 42% of millennials and 21% of Gen X and boomers. Advertisement"We're each other's biggest fans, but we're also each other's biggest critics," Daniel Andrews said. "Being a first-time founder, it is incredibly beneficial to work with friends and family who can step up and take on that work. "If you have friends that you find that are like slowing you down, or like trying to distract you, or other things, those might not be the best friends to launch a startup with," Daniel Andrews said.
Persons: Sasha Reiss, Andrews, Zs, , Daniel, Josh Andrews, Sasha, Daniel Andrews, Reiss, Japan —, Gen, X, we're, We've, I've, it's, we've Organizations: Service, Business Locations: Mexico, Brazil, Korea, Japan
After the business went public in the U.S. in December 2021, it brought in over $2 billion in revenue in 2023, according to documents reviewed by CNBC Make It. As of 2023, Grab also serves over 35 million customers and provides 13 million gig jobs across eight countries in Southeast Asia. "We both really believed we were very blessed [and] we wanted to serve Southeast Asia." There's no arguing, however, that Grab has shaped the very infrastructure of Southeast Asia. In December 2021, Grab went public and listed on the Nasdaq.
Persons: Anthony Tan didn't, Tan Heng, Tan, Tan's, that's, Ferdinand ] Marcos, Hooi Ling Tan, Anthony Tan, Uber, Dara Khosrowshahi Organizations: Kuala Lumpur Stock Exchange, CNBC, Harvard Business School, Base, Malaysian, Nasdaq Locations: Tan Heng Chew, U.S, Southeast Asia, Philippines, Malaysia, Kuala Lumpur, Chi Minh, Vietnam, Manila, Asia, Southeast
Paul Bersebach | Medianews Group | Getty ImagesThis 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. What you need to know todayThe bottom lineOh, to be a fly on the wall when the U.S. Labor Department arrived at the final tally for September's jobs number. That's perhaps why stocks rose only tentatively on its release. For the week, S&P rose 0.22%, the Dow ticked up 0.09% and the Nasdaq increased 0.1% — a huge jump, considering it was down more than 1% at Thursday's close.
Persons: SPX, Paul Bersebach, payrolls, David Royal, , Jeff Cox, Alex Harring, Lisa Kailai Han Organizations: Medianews, Getty, CNBC, U.S . Labor Department, Dow Jones, Nasdaq, Dow, Labor Locations: Lake Forest , CA, , Thursday's
China's stock rally could extend another 15% to 20%, Goldman Sachs says. Goldman highlighted out still-low valuations and diminishing risk as tailwinds for a continued rally. AdvertisementThe blowout surge in China's stock market still has ways to go, with another 15% to 20% upside ahead, Goldman Sachs predicts. Third, earnings growth could pick up if the economy responds well to China's latest support measures. Goldman is optimistic in this outcome, estimating that the central bank's policy easing could uplift China's GDP by 40 basis points.
Persons: Goldman Sachs, Goldman, , It's Organizations: Beijing, Service Locations: China, Beijing
Wall Street's top performers are hard workers who tend to work long, intense hours. Business Insider asked its 2024 class of Wall Street stars about how they stay mentally sharp. Here's what we learned about the hacks, habits, and routines that help top talent on Wall Street stay on their game. The routine helps him stay present with his home life as well as work, he added. But I think those two things help me to at least stay recharged and stay ready each day," he said.
Persons: , Mark Zhu, Craig Kolwicz, Goldman Sachs, Corey White, Nina Gnedin, Blake Cecil, Chi Chen, Robert Sapolsky, Justin Elliott, Read, Palmer Osteen, KKR's, I've, That's, Daniela Cardona, America's White, Ben Carper, it's, there's, Matthew Eid, Holm, Reinhard Dirscherl, Melissa Ding, Wells, Annie Cheslin, she's, Margaret Williams, Morgan Stanley, Williams, Apollo's Austin Anton, Erica Wilson's, deadlifted, Harrison DiGia, Patrick Lenihan, barre, Elizabeth Stone Redding, Stone Redding, Matt Gilbert, Thoma, Gilbert, I'm, Dan, Feroz Khosla, isn't Organizations: Business, Service, Blackstone, Finance, Goldman, of America, Man Group, Productivity, Bridgewater Associates, Bank of America, Fidelity Investments, RBC, Bank, America's, Jefferies, Capital Advisory, Ares Management, Getty, BlackRock, Blue, General Atlantic, JPMorgan Asset Management, TPG, Thoma Bravo, Citadel Securities Locations: Blackstone, Chicago, San Francisco, Coast, Boston, Silicon Valley, New York, I'm, Maldives, he's, Thailand, Central Park
Federal Reserve interest rate cuts may help turn the tide for commercial real estate. "Lower interest rates are not a magic bullet, but less restrictive monetary policy lays the groundwork for a commercial real estate recovery," wrote senior economist Charlie Dougherty. "Decreased long-term interest rates appear to be easing upward pressure on cap rates and slowing declines in property valuations. "That said, reduced interest rates should prevent distress from spreading and shorten the hurdles coming down the road," he added. Gimple specifically likes single-asset, single-borrower CMBS and commercial real estate collateralized loan obligations.
Persons: Wells Fargo, Charlie Dougherty, Dougherty, Douglas Gimple, Gimple, It's, that's Organizations: Treasury, Companies, Fed Locations: Central, Diamond, Los Angeles, New York, Miami, Hawaii
Mercedes-Benz CEO Ola Källenius says automakers need to hunker down if they want to beat the Chinese. Ford's CEO, meanwhile, called the Chinese auto industry an "existential threat" after a visit to the country in May. When it comes to competing in the EV market, Western automakers have been left playing a game of catch-up with the Chinese. Chinese automakers like BYD have been expanding into Southeast Asian countries like Thailand, as well as developing markets like Brazil and Mexico. The crippling trade restrictions effectively shut them out of the US auto market.
Persons: Ola Källenius, Källenius, , Mercedes, isn't, Jim Farley, Farley wasn't, Farley, John Lawler, Lawler Organizations: Mercedes, Benz, Service, Ford, Berlin Global, EV, Källenius, Business Insider, Wall Street, Changan Automobile, Research, BI, European Union, Financial Times Locations: China, Thailand, Brazil, Mexico, Western
Elon Musk has a big task this week: convincing investors that Tesla is more than just a car company. It may do so once again as Elon Musk prepares to use the studio lot to tell another story: that Tesla is more than just a car company. The long-awaited event — originally scheduled for August — is meant to give weight to the electric vehicle maker's pitch that it is a tech company first and a car company second. Meanwhile, in July, Wedbush analyst Dan Ives claimed the "Tesla AI story could be worth $1 trillion-plus and is the most undervalued AI name." Michael Macor/The San Francisco Chronicle via Getty ImagesHowever, what's critical to note is the timing for Tesla's robotaxi push.
Persons: Elon Musk, Tesla, Tesla's, , Musk, Sam Altman, Andrej Karpathy, Dan Ives, Michael Macor, Caspar Rawles, Rawles, Donald Trump, Elon, Ross Gerber, Gerber, Uber, it's, Cruise, Paul Miller, Forrester Organizations: Service, Warner Bros, Elon, Robotaxi, EV, San Francisco, Getty, Elon Inc, Benchmark Mineral Intelligence, Twitter, Gerber Kawasaki Wealth, Investment Management, Baidu, GM Locations: Burbank, California, Tesla's, Palo Alto, Elonville, Chinese, China, Wuhan
CNBC's Jim Cramer on Monday explained why he's staying optimistic on Netflix , examining the bull and bear cases for the streamer by reviewing two recent analyst notes. Cramer compared reports from analysts at Barclays , who downgraded Netflix, and Piper Sandler , who upgraded the stock. According to the team at Barclays, Netflix may have trouble meeting its earnings goals, and the company's "growth algorithm will come with tradeoffs." And even if the streaming giant hits revenue targets, the analysts said Netflix's valuation assumes it can double its subscriber base, which "seems unrealistic." The analysts said Netflix can grow its subscriber base and has pricing power, adding that they're optimistic on the streamer's advertising potential.
Persons: CNBC's Jim Cramer, he's, , Cramer, Piper Sandler Organizations: Netflix, Barclays
Officials are urging people to stop spreading misinformation amid Hurricane Helene recovery efforts. Both Republicans and Democrats have called out misinformation and false rumors. Donald Trump and Elon Musk have amplified false claims. AdvertisementAs rescue workers respond to the destruction in North Carolina after Hurricane Helene, government officials on both sides of the aisle are calling for a misinformation cease-fire. Republicans have also joined the fight against the false information.
Persons: Helene, Donald Trump, Elon Musk, , Hurricane Helene, Joe Biden, Musk, Pete Buttigieg, Buttigieg, Trump, Biden, Kamala Harris, Alejandro Mayorkas, Roy Cooper, Kevin Corbin, Corbin, Chris Carlson, Sen, Thom Tillis, Margaret Brennan, Tillis, I've, Panditharatne, that's, X Organizations: Republicans, Democrats, Elon, Service, Carolinas, Federal Emergency Management Agency, FEMA, Brennan Center for Justice, New York University's School of Law, Transportation, Federal Aviation Administration, Washington Post, of Homeland, Post, Department of Public Safety, Democratic Gov, Republican, North Carolina Senate, Facebook, AP, CBS Locations: North Carolina, Hurricane, Florida, New, Asheville, North, Antarctica
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