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To be sure, a Bloomberg report earlier Tuesday that the U.S. government was considering a cap on AI chip exports to certain Persian Gulf nations may also have dampened industry sentiment. Investors are sensitive to any updates on AI chip demand, given the dramatic rise in the stocks of Nvidia, AMD, Broadcom and others over the past two years. Bottom line Artificial intelligence is alive and well, according to TSMC, which has emerged as the most valuable window into AI demand other than Nvidia itself. With Big Tech earnings in the coming weeks, it's particularly nice to see the AI chip trade stabilize after the ASML debacle. Jim said Thursday that AMD, which has way underperformed Nvidia, Broadcom and the broader market, is "still a bargain."
Persons: Wei, It's, Jensen Huang, TSMC, Jim, we're, Jim Cramer's, Jim Cramer Organizations: Taiwan Semiconductor Manufacturing Company, Nvidia, Devices, Broadcom, CNBC, Nvidia's, iShares Semiconductor, AMD, Bloomberg, Big Tech, Apple, Club, Getty Locations: U.S, Hsinchu, Taiwan
One Direction shot to stardom in 2010 after competing on "The X Factor" and went on hiatus in 2015. Zayn Malik has said he made no friends while in One Direction and didn't like their music. In early 2015, it was announced on Facebook that Zayn Malik would be leaving the band. Since the announcement of the so-called hiatus, members have gone on to pursue solo interests and have commented on potential reunions as well as their current relationships with their bandmates. AdvertisementHere's everything members of One Direction have said about the band and each other since announcing their hiatus:
Persons: Zayn Malik, Harry Styles, Louis Tomlinson, , Liam Payne, Niall Horan, Payne Organizations: Service, Facebook
AdvertisementCheng says he has never worked a corporate job; he's always been a comedian and an online poker player. Jason RoederBut this snark, typically found on X, has seeped into LinkedIn, a much rosier, earnest platform. Roeder quit X and started writing joke posts on LinkedIn about a year ago, he said, after becoming "disillusioned" with what X has become. LinkedIn posts can expose just as much about one person's struggle to find work as they can about another's boasted success. Cheng said the posts had helped him to get comedy gigs, but they've also unlocked new work on the platform itself: as a LinkedIn ghostwriter for executives.
Persons: Ken Cheng doesn't, Cheng isn't, He's, Cheng, Rob Price, Ryan Salame, FTX, Salame, , we're, Michael Scott, — it's, he's, I've, John Mulaney, Mulaney, Jason Roeder, Roeder, Daniel Roth, they've Organizations: LinkedIn, FCI Cumberland, Gallup, Pew Research Center, another's Locations: London, Maryland, America, TikTok, Los Angeles
New York CNN —The bitcoin bulls and meme stock traders are fired up about the prospect of another Donald Trump White House. At the same time, shares of Trump Media were bouncing back from Tuesday’s mysterious 10% drop and resuming their meme-stock-esque tendency to rise without any fundamental reason to do so. What do the two assets, a digital currency and a media stock, have in common? Crypto traders are amped because of the Republican nominee’s apparent 180 on the asset class he once dismissed as a scam. Bottom line: Both bitcoin and Trump Media could become even more volatile over the next few weeks as more traders pile in.
Persons: CNN Business ’, Donald Trump, Kamala Harris ’, Harris, Trump, CNN’s, , Steph, , Adrian Fritz, It’s, ” Fritz, it’s, Al Root, Root, Fritz, “ It’s Organizations: CNN Business, New York CNN, Donald Trump White House, Trump Media, Trump, Liberty Financial, hyperdrive, Harris ’, ” Trump Media, Apple Locations: New York, , Central
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch Thursday's full episode of the Halftime Report — October 17, 2024"Fast Money Halftime Report" is on the front lines of CNBC's market coverage. Host CNBC's Scott Wapner and the Street's top investors get to the heart of the action as it's happening and help set the agenda for the rest of the day. Watch today's full episode on CNBC PRO.
Persons: CNBC's Scott Wapner Organizations: CNBC PRO
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
New York CNN —Losses from Hurricane Milton could reach as high as $34 billion, according to an early estimate of both flood and wind damage from research firm CoreLogic, with between $4 billion to $6 billion of those losses being uninsured flood damage. Most insured flood damage is covered by the National Flood Insurance Program (NFIP), run by the Federal Emergency Management Agency. Homeowners who live in areas at high risk of flooding are often required by their mortgage lender to have flood insurance. The Milton losses will likely total far below CoreLogic’s estimated losses of up to $47.5 billion from Hurricane Helene, which came only two weeks before Milton. The lower end of the insured losses estimate from CoreLogic would be $17 billion, with $13 billion of wind damage covered by homeowners and business insurance , and $4 billion of insured flood losses.
Persons: Hurricane Milton, , Daniel Betten, Milton, , Tom Larsen, Hurricane Helene, Ike, Helene Organizations: New, New York CNN, tornados, National Flood Insurance, Federal Emergency Management Agency, Homeowners, Hurricane, Insurance Information Institute, Florida Gulf, Citizens Property Insurance Corp Locations: New York, Hurricane Milton, Florida, United States, Sarasota, Tampa, CoreLogic, Hurricane, Florida Gulf Coast
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
"There's very little genuine information and data on pricing," he told CNBC via video call. CNBC contacted a dozen New York City art galleries and the same number in London to request price lists for their current exhibitions. "The degree of popularity, the level of scarcity and the degree of credentialization [or] … if something has organically captured the zeitgeist," are factors, he told CNBC by phone. "Despite more online information aiding discovery and valuation, there really isn't a highly liquid global marketplace, contributing to perceptions and realities of 'black box' pricing," Tjan told CNBC in a follow-up email. Making art affordableA visitor takes a photo at the Affordable Art Fair Hong Kong, on May 16, 2024.
Persons: Harriman, they're, Paul Hewitt, Gosia Łapsa, London gallerist, Williams, Tony, Malawska, I've, I'm, Tony Tjan, Charlotte Black, Artclear, Shantell Martin, Bryan Bedder, Black, Tjan, Will Ramsay, Ben Marans Organizations: Getty, CNBC, Foundation Law, New, Society of London Art Dealers, Jeune, Ball, Art Locations: New York City, London, New York, London gallerist Lucca Hue, Hue, U.K, British, Hong Kong
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailECB will cut rates in October but not commit to a forward path, Goldman economist saysJari Stehn, chief Europe economist at Goldman Sachs, discusses the European Central Bank's October meeting and the growth outlook for the euro area.
Persons: Goldman, Jari Stehn, Goldman Sachs Organizations: Central Locations: Europe
In yet another incident, crowds of angry drivers gather outside an apartment complex, demanding justice for a fellow delivery driver said to be bullied by security guards there. They’re among the many episodes of explosive confrontations across China involving delivery workers widely circulated on Chinese social media, showing people stretched to the breaking point. As China’s economy grapples with a raft of setbacks, from a protracted property crisis to a lack of consumer spending, delivery workers are taking a beating. That eats into delivery workers’ income as their pay is usually tied to a commission based on the price of the order. In 2019, a delivery driver died after he was hit by a tree knocked over by strong winds in Beijing, according to state media Global Times.
Persons: , , Jenny Chan, Chan, they’ve, Greg Baker, Morningstar, Alibaba, , Lu Sihang, Lu, China’s, Gary Ng, ” Ng, Pedro Pardo, Workers.cn, Yang, Justin Robertson Organizations: Hong Kong CNN, Polytechnic University of Hong, Getty, iiMedia Research, CNN, China New Employment Research Center, Research, China Labour Bulletin, Polytechnic University, Global Times, Chongqing Broadcasting Group Locations: Beijing, Hong Kong, China, Polytechnic University of Hong Kong, AFP, Chinese, Hunan
She told Business Insider that the study of microplastics initially started in marine biology. GettyResearch suggests that microplastics could contribute to the development or worsening of health issues such as asthma, Couceiro said. Don't microwave food in a plastic containerCouceiro tries to remove food from plastic packaging before microwaving it whenever she can. AdvertisementOne way to reduce the number of microplastics you're exposed to is to stop microwaving food in plastic containers. Avoid plastic cookwareSwapping plastic kitchen utensils for wooden and metal ones can be a good way to reduce exposure to microplastics, Couceiro said.
Persons: Fay Couceiro, microplastics, Couceiro, Getty Organizations: Service, Portsmouth University, UK, Plymouth Marine Laboratory, Getty Research, Getty, Environmental Science, Technology
Akshay Bhardwaj, the executive chef at Junoon, shared tips for making the perfect butter chicken. But it first found its footing as "butter chicken" in the US at Manhattan's now-closed Gaylord Indian Restaurant in 1975. AdvertisementWhile growing up in Queens, New York, Bhardwaj learned there are many variations of butter chicken. AdvertisementBusiness Insider spoke to Bhardwaj via video call to ask for his advice on recreating a restaurant-style butter chicken at home. Here are his top nine tips for making the perfect butter chicken at home.
Persons: Akshay Bhardwaj, , New York City's, Joe's, Bhardwaj Organizations: Service, New York, Gaylord Indian, Costco, Manhattan, Michelin Locations: New, India, Manhattan's, Queens , New York, North India, West
New developments show the path for Western banks trying to exit Russia has gotten tougher. Moscow will block the sale of Western bank assets to local Russia buyers, sources told Bloomberg. Russia's government has signaled that it will block any efforts from Western banks to offload their local units to Russian-owned entities, according to Bloomberg, who cited people familiar with the matter. Given the fact that Russia has also prevented sales to foreign buyers, these Western banks appear to be stuck, with limited options available. This latest development is an expansion of the Kremlin's ongoing campaign to keep Western firms within its borders.
Persons: , Raiffeisen Organizations: Bloomberg, Service, US, Austrian, UniCredit, Yale School of Management, Reuters Locations: Russia, Moscow, Russian, UniCredit, Abu Dhabi, Ukraine
Watch Thursday's full episode of Fast Money — October 17, 2024
  + 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 EmailWatch Thursday's full episode of Fast Money — October 17, 2024"Fast Money" is America's post-market show. Hosted by Melissa Lee and a roundtable of top traders, "Fast Money" breaks through the noise of the day, to bring you the actionable news that matters most to investors.
Persons: Melissa Lee
She did it in the name of rejection therapy, a popular trend on social media that encourages people to ask strangers odd requests that will most likely get a “no” in response. Here’s what Wilmer and other experts have to say about this social media trend and how to ensure these challenges are beneficial and not harmful. Jiang had blogged about himself performing rejection therapy for 100 days after being inspired by a card game Canadian entrepreneur Jason Comey originally developed. At the beginning of the challenge Panning felt she had to hype herself up and brace herself for the answer she thought would come. And while many of her requests resulted in rejection, Panning said she was surprised to find that sometimes strangers would instead say yes.
Persons: Michelle, , , Taylor Wilmer, Wilmer, Jia Jiang, Jiang, Jason Comey, Jiang’s, ” Jiang, Jourdan Travers, Travers, ” Wilmer, “ It’s, you’re Organizations: CNN, InStride Health, Social Anxiety Locations: Virginia, New Jersey
Products displayed at the Schneider Electric SE booth at the International Photovoltaic Power Generation and Smart Energy Expo in Shanghai, China, on Thursday, June 13, 2024. The chief executive of French power-equipment maker Schneider Electric said on Thursday that the firm's $850 million deal to take a controlling stake in U.S.-based liquid cooling company Motivair will help to bolster its offering to fast-growing and energy-intensive data centers. "We've always said we are going to be agile in respect to acquisitions and targets out there that fit exactly into the strategy of Schneider Electric," Schneider Electric CEO Peter Herweck told CNBC's "Squawk Box Europe" on Thursday. Herweck said the all-cash deal to acquire an initial 75% controlling interest in the equity of Motivair, which was announced on Thursday, was "rich, but not overly expensive" and "fits great" with the firm's strategy. The acquisition takes place as a global rush for the next wave of generative AI coincides with increasing public scrutiny on environmental concerns, with technology giants recently pivoting to nuclear in an attempt to power its AI ambitions.
Persons: We've, Peter Herweck, CNBC's, Herweck, — Sam Meredith Organizations: Schneider, International, Power, Smart Energy Locations: Shanghai, China, U.S
But to save some money, I stayed in two Airbnbs about an hour outside Berlin and Zurich by train. AdvertisementA 3D map of Neustrelitz, Germany, found in the town square in October 2022. Joey Hadden/Business InsiderRoggwil rests in the rolling hills of Switzerland, and to me, it had the most striking scenes of the entire trip. A sunlit field in Roggwil, Switzerland. Joey Hadden/Business InsiderI expected nothing more than a place to sleep in these towns, so I was pleasantly surprised that they felt like hidden gems.
Persons: , Joey Hadden, I'd Organizations: Service Locations: Europe, Berlin, Zurich, Vienna, Venice, Rome, Milan, Neustrelitz, Germany, Switzerland, Roggwil
Sam's Club, owned by Walmart, opened its first new store since 2017. The fate of the Grapevine store changed after Sam's Club announced last year that it planned to open 30 locations by 2030. The layout of the Grapevine Sam's Club looks different than other locations because it lacks checkout lanes. Sam's Club said the individual pieces of technology had been working well. If you are a Sam's Club worker who wants to share your perspective, please contact Dominick via email or text/call/Signal at 646-768-4750.
Persons: Chris Nicholas, , Dominick Reuter, Sam's, Nicholas, Dominick Organizations: Sam's, Walmart, Service, Sam's Club, Benz, Grapevine, Business Locations: Dallas, Grapevine, Grapevine , Texas
Berkshire Hathaway cut its Apple stake by 55% in the first half of 2024, potentially missing out on $23B in profits. Apple shares have jumped 10% since the second quarter, driven by optimism about Apple Intelligence. Berkshire Hathaway entered 2024 with a massive stake in Apple, holding 905.6 million shares worth about $174 billion at the time. Instead, Berkshire Hathaway's current stake in Apple was worth $84 billion at the end of the second quarter. AdvertisementThe difference between the weighted average price and the price of Apple stock on Thursday nets out the $23.1 billion in missed profits for Berkshire Hathaway.
Persons: Berkshire Hathaway, , Warren, That's, It's, Buffett Organizations: Berkshire, Apple, Apple Intelligence, Service, Business, company's Apple Intelligence Locations: Apple, Berkshire, HedgeFollow
I spent a week riding my bike from Pittsburgh to Washington, DC. The road was rough at times, but the people I met made the journey worthwhile. AdvertisementWhen I set out to ride my bike from Pittsburgh to Washington, DC, I wasn't quite sure what to expect. "Bikepacking" — riding a bicycle carrying clothing, food, water, and camping gear and finding places to sleep outside along the journey — is not an easy endeavor. AdvertisementAbout halfway through my ride, I met a lovely woman who was born and raised in Meyersdale.
Persons: , Tara Lerman, Mason, he'd, Bikepacking, Little Orleans , Maryland Tara Lerman, bikepack, I've, I'm Organizations: Service, Facebook, GAP, Chesapeake and, Baltimore and Ohio Railroad, Lake Erie Railroad, Union Railroad, Western Maryland Railway —, Dixon, Mason Locations: Pittsburgh, Washington, DC, Chesapeake and Ohio, Baltimore, Monongahela, Allegheny, Pennsylvania, Alabama, Texas, Maryland, Little Orleans , Maryland, Frostburg , Maryland, Meyersdale , Pennsylvania, Meyersdale
CNN —The Israeli military confirmed on Thursday that Hamas leader Yahya Sinwar, believed by Israel to be chief architect of the militant group’s deadly October 7, 2023, terror attack that set off the war in Gaza, had been killed in battle. After completing the process of identifying the body, it can be confirmed that Yahya Sinwar was eliminated.”Two Israeli sources familiar with the matter told CNN earlier that Israeli forces encountered Sinwar during a routine military operation. Sinwar, pictured center, attends the funeral of a senior Hamas militant alongside Ismail Haniyeh in Gaza City in 2017. A longtime figure in the Islamist Palestinian group, Sinwar was responsible for building up Hamas’ military wing before forging important new ties with regional Arab powers as the group’s civilian and political leader. He was elected to Hamas’ main decision-making body, the Politburo, in 2017 as the political leader of Hamas in Gaza branch.
Persons: Yahya Sinwar, Sinwar, ” “, Israel, Ismail Haniyeh, Mohammed Salem, Reuters Sinwar, , Mohammed Deif, Al, Marwan Issa Organizations: CNN, Israel Defense Forces, ISA, Southern Command, 828th Brigade, Israeli Army Radio, IDF, Hamas, Reuters, Israel, , US Department of State, Biden Locations: Israel, Gaza, Hamas, Gaza City, Gaza . Israel, Sinwar, United Kingdom, France
“And for the record, Liam was in my opinion the most vital part of One Direction. Malik left the group in 2015, spawning the announcement that One Direction was going on an “indefinite hiatus” the following year. All five former members went on to pursue solo careers, including Payne, who released his most recent single “Teardrops” in March. Just weeks before his death, Payne was seen in Argentina attending Horan’s concert, posting videos of himself dancing and singing along on his Snapchat page. Payne’s family previously said a statement that they’re “heartbroken” by his death, according to the UK’s PA Media news agency.
Persons: Harry Styles, Niall Horan, Zayn Malik, Louis Tomlinson, Liam Payne, , ” Styles, Horan, Malik, Tomlinson, Liam, ” Tomlinson, Payne, ” “ Liam, , Bear, Simon Cowell, Styles, Christopher Polk, “ I’ve, ” Payne, they’re, “ Liam, Cowell Organizations: CNN, Demand Entertainment, UK’s, Media, Fremantle UK Locations: , Buenos Aires, Argentina, Los Angeles
Cynthia Loya, 28, can access her husband's phone and social media accounts. Cynthia's husband, Jorge Loya, 27, shared his phone and social media account passwords with Cynthia while they were dating. AdvertisementHe gave me his passwords 3 months into datingAbout three months into dating, he randomly texted me his phone and social media passwords. Before meeting my husband, I caught my previous partner talking and flirting with other women on social media. I wanted to make sure he wasn't talking to or flirting with other people on social media like my last partner.
Persons: Cynthia Loya, Jorge Loya, Cynthia, , Jorge, we're, I've Organizations: Service, Facebook
David Scott, 95, spends 45 minutes at the gym every other day of the week. He also credited his longevity to eating homegrown produce and said it was half his food intake. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementI'm the oldest person at my gymAround a decade ago, I joined Planet Fitness, my local gym. I'm the oldest person in the gym, but I enjoy the company of younger people who encourage and inspire me.
Persons: David Scott, , I've, didn't, Scott, Lydia Organizations: Service, Health, Fitness, Business Locations: New Hampshire, New England, Colorado, Italy, Kenya
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