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There is uncertainty abound about the future direction of the stock market heading into what many say is the most important presidential election of our lifetimes. In the elevated volatility levels that began in late September heading into the election. The Cboe Volatility Index (VIX in black) trades with an inverse relationship to the S & P 500. As the S & P 500 goes lower, people become fearful as they buy put option protection pushing the general level of option prices (both puts and calls) higher. This creates the inverse relationship of VIX and S & P 500.
Persons: NVDA, we'll, we're, Todd Gordon, Gordon, Schwab Organizations: Nvidia, Google, Inside Edge, CNBC, NBC UNIVERSAL Locations: NVDA
Jeff Bezos defended The Washington Post's decision to not endorse a presidential candidate. The Post earlier reported that Bezos made the decision to not publish an endorsement. AdvertisementThe decision also wasn't a "quid pro quo" to curry favor with Donald Trump, Bezos said. "I sighed when I found out, because I knew it would provide ammunition to those who would like to frame this as anything other than a principled decision," Bezos wrote. On Friday, the newspaper's publisher, Will Lewis, initially announced the Post's decision.
Persons: Jeff Bezos, Bezos, Donald Trump, Kamala Harris, , Will Lewis Organizations: Service, Trump, Gallup, NPR, Los Angeles Times, Business Locations: Washington, Pennsylvania
“Hey hey, ho ho, thank you, Joe, it’s time to go!”The success of former President Donald Trump’s campaign is becoming a catastrophe for sitting President Joe Biden. A fundraising appeal from the Biden campaign says, “How does a guy who used to say that Donald Trump and his policies were ‘reprehensible,’ become Donald Trump’s running mate? Through years of being a rubber-stamp for Donald Trump’s extreme, MAGA agenda. Women voters, whom the Trump campaign desperately needs, start posting cat memes sharply critical of Vance’s views. But even though Trump is casting himself as the martyr, within days it will seem he was playing the prophet.
Persons: Joe Biden, Donald Trump, Read, Joe, Donald Trump’s, Trump, Roe, Wade, , , Shadi Hamid, Trump nodded, White Trump, Biden, CNN’s MJ Lee, , ’ ” Biden, David, Jill, granddaughters Finnegan, Natalie, Haiyun Jiang, ABC’s George Stephanopoulos, ” Biden, NBC’s Lester Holt, Hakeem Jeffries, “ Joe Biden, ” Sen, Chris Coons, vise, Wade –, Ben Carson, Ken Cuccinelli, Mark Meadows, Stephen Miller, Peter Navarro, CNN’s Phil Mattingly, they’ve, ” Mattingly, ” Trump, J.D, Vance, ” Ohio Sen, JD Vance, Rebecca Wright, “ America’s Hitler, MAGA, “ Vance, Mike Pence wouldn’t, Jen O’Malley Dillon, , ” Vance, , Kamala Harris, Pete Buttigieg, we’ve, sociopaths ”, Alayna Treene, George Clooney, Volodymyr Zelensky “, Putin, Barack Obama, Nancy Pelosi, Chuck Schumer, Samuel Corum, Hillary Clinton, Trump’s, ” CNN’s John King, Hulk Hogan, Let Trump, Sean O’Brien, Carolina Sen, Tim Scott, Ron DeSantis, Vivek Ramaswamy, Nikki Haley, “ Donald Trump, thrall, Hogan, Will Lanzoni, luxuriating, Ozzy Osbourne, Andy Kaufman, Chauncey DeVega, weathers, Bernadette Tuazon, CNN “ I’m, I’m, Kamala Harris ’ Organizations: CNN, White, Pew Research, National Religious Broadcasters, The Washington Post, Trump, New York Times, Democratic Party, , New York Democrat, Heritage Foundation, Justice Department, Republican National Convention, Senate, Fox News, GOP, Women, Biden, NATO, Democrats, Democratic, Getty, Democrat, Republican, RNC, Florida Gov, South Carolina Gov, Grand Old Party, Atlantic City, World Wrestling Entertainment Hall of Fame, Salon, Republican Party, Resolute, Locations: The, Delaware, , Detroit, Pennsylvania, Wisconsin, United States, Great State of Ohio, ” Ohio, Idaho, Milwaukee, Ohio, Las Vegas, AFP, American, Carolina, Florida, Milwaukee’s, America
Palmer Luckey told MIT Technology Review he's still "sore" about being ousted from Facebook in 2017. Luckey, who founded Oculus VR, has since turned his efforts to Anduril, a defense tech company. AdvertisementPalmer Luckey is still angry about his ousting from Facebook eight years ago — but the billionaire virtual reality guru doesn't blame Meta CEO Mark Zuckerberg. Much of his remaining ire, Luckey told the outlet, is reserved for less well-known people involved in the situation, such as public relations agents, reporters, and lawyers. "Anyway," Luckey told MIT.
Persons: Palmer Luckey, Mark Zuckerberg, , Palmer, Luckey, I'd, I've, it's, It's, Meta —, Facebook —, Donald Trump, Zuckerberg, Zuck, Luckey's, resentments, Andrew Bosworth, Meta Organizations: MIT Technology, Facebook, VR, Service, Meta, Trump, MIT, Reality Labs, Pepperdine University Locations: Luckey, Meta
"We believe we are still in the early stages of the AI growth story," UBS equity strategist Sundeep Gantori wrote in a Monday note to clients, noting the launch of ChatGPT in 2022 as an inflection point for AI adoption. "The company should benefit from healthy user engagement, improving monetization of Reels, and longer-term monetization of Instagram and WhatsApp offer longer-term opportunities," UBS wrote. Moving forward, UBS sees a favorable risk/reward profile for the name, citing steady iPhone growth and strong growth in its services, among others, as catalysts. UBS thinks this early adopter of AI applications is still "well placed" to benefit from use cases that are relevant to the industry. "While we agree that rising competition will result in some subscriber churn, we expect Netflix to continue to report strong growth globally."
Persons: Sundeep Gantori, Gantori, AAPL, INTC Organizations: UBS, Nvidia, Reality Labs, Apple, Intel, Apple Intelligence, Netflix
Hsu, founder and chairman of Rayliant Global Advisors, told CNBC's Pro Talks that Alibaba , JD.com , and Pinduoduo are among his top picks. If signs of consumption growth return to China, he suggested the stock could climb to $200 per share or double from current levels. BABA 1Y line Hsu said he views JD.com similarly to Alibaba, with his preference between the two mainly driven by valuation metrics. PDD Pinduoduo underperformed the broader Chinese stock market this year and has fallen by 14% so far this year. Baidu Not all Chinese technology stocks are equally attractive.
Persons: Jason Hsu, Hsu, CNBC's, BABA, CNBC's Tanvir Gill, JD.com, They've, , Evelyn Cheng Organizations: Rayliant Global Advisors, Baidu, Alibaba's, Wall Street, China Equity ETF, Google Locations: China, Beijing, Alibaba's New York
Microsoft has a very expensive and very public relationship with artificial intelligence startup OpenAI. But one of Microsoft's most successful AI products, GitHub Copilot, is now going beyond OpenAI to give developers more choice in what models they want to use. Microsoft introduced GitHub Copilot in 2021, offering source code suggestions to software developers. Copilot relies on models from OpenAI, which has received billions of dollars in funding from Microsoft and has exploded in popularity since releasing ChatGPT in late 2022. At that point, it felt like "the right time" to add models from Anthropic and Google , Dohmke said.
Persons: Claude, Thomas Dohmke, They're, GitHub, Dohmke Organizations: Microsoft, OpenAI's, o1, CNBC, Google
Nearly 16 million DJT shares changed hands in the first 10 minutes of the trading day. Trading was halted a second time at 9:42 a.m., with shares up nearly 9%. The company, which trades as DJT on the Nasdaq, was halted for five minutes at 9:36 a.m. Trading of Trump Media shares was halted for volatility multiple times Tuesday morning as the company majority-owned by Donald Trump ricocheted in early trading. Just over a month later, Trump Media shares were trading at more than four times that price.
Persons: Donald Trump ricocheted, Kamala Harris, Harris, Critics Organizations: Nasdaq, Trump Media, Republican, Trump, Forbes, Democratic, Madison Locations: New York City
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCrypto company Consensys cuts 20% of workforce, citing regulatory uncertainty: CNBC Crypto WorldCNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what's ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. On today's show, Coinbase chief legal officer Paul Grewal discusses the crypto industry's final push to get out the vote for pro-crypto candidates across the country.
Persons: explainers, Paul Grewal Organizations: CNBC Crypto, CNBC
Ahead of Election Day, Business Insider spoke with voters about how family and reproductive healthcare access will influence their decision. Along the spectrum of support for abortion access, one common thread stood out: The cost of raising a family. In terms of abortion access, Trump has bragged about his role in overturning Roe v. Wade — a decision that led to 41 states with bans. In her first time voting for president, Sark said she plans to vote third party, likely for Green Party candidate Jill Stein. "I don't think that there's really anything that we can do about abortion in this election," Sark said.
Persons: Roe, Wade, , Donald Trump, Kamala Harris, Kristan Hawkins, Harris, Trump Erica Choinka, Trump, Choinka, Trump's, Wade —, Harris Stephanie Gomez, Gomez, haven't, Avie Sark, Sark, Jill Stein Organizations: Business, Service, Trump, Republican, Life, Democratic, Green Party Locations: Missouri, Jefferson City , Missouri, Roe, Texas, Houston, Austin, Indiana, Sark
Is this because Twitter users want this? AdvertisementIs X, the service many of us still call Twitter, more likely to show users political posts from Republicans, or right-leaning accounts? But they both hover around two possibilities, which aren't mutually exclusive:AdvertisementTheory 1: Twitter is showing users what users want to see. And it's entirely plausible that some left-leaning users have left the platform during Musk's ownership, in part because he reinstated accounts from right-leaning users, including Trump himself. This is a notion that some current and former Twitter users believe, though there's no direct proof that it's the case.
Persons: Elon Musk, , Musk, Donald Trump's, I've, Twitter, Twitter they're, Kamala Harris, Harris, Trump, Platformer's Zoë Schiffer, he's, Ron DeSantis Organizations: Republican, The Washington Post, Street, Twitter, Trump, Service Locations: The, Florida
Apple announced on Tuesday new Mac Mini models, featuring the first major redesign since 2010 that makes the desktop computer significantly smaller. The Mac Mini is Apple's least-expensive Mac, starting at $599, and does not include a display, which is sold separately. The Mac Mini is not one of Apple's highest-volume computers in terms of sales, but it is an important slot in Apple's lineup, especially for people who make apps for iPhones and other Apple platforms. Many iPhone developers like to run a Mac Mini as a personal development server for coordinating uploads and code. One improvement in the new design is that all of the ports are USB-C ports, the same more modern offering found on Apple's laptops.
Organizations: Apple, Microsoft Windows
CNN —Former President Donald Trump on Tuesday claimed two Pennsylvania counties are experiencing voter fraud despite both officials there maintaining they’re still investigating potential issues related to voter registration applications. “This on top of Lancaster County being caught with 2600 Fake Ballots and Forms, all written by the same person. While announcing the suspected fraud, Lancaster officials said at least two other counties may have also received fraudulent voter registration applications. On Tuesday, York County spokesperson Greg Monskie would not confirm to CNN whether it had received fraudulent voter registration applications and couldn’t speak to any connection with the issues alleged in Lancaster County. The interaction took place at the Voter Service Center in Media, Pennsylvania, the seat of the suburban Philadelphia county.
Persons: Donald Trump, Trump, , ” Trump, Josh Shapiro, CNN’s Kaitlan Collins, , ” Shapiro, Greg Monskie, Julie Wheeler, ” Wheeler, Al Schmidt, Michael Whatley, Trump’s, Don’t, Val Biancaniello, Biancaniello, Monica Taylor, ” Linda Kerns, CNN’s Jack Forrest Organizations: CNN, Republican National Committee, York, RNC, Trump, Lancaster, State, Pennsylvania Democratic Gov, stoke, Lancaster County, Office, Republican, Voter Service Center, . Delaware County Park Police, Government, GOP, Pennsylvania Department of State, , Police, Media, Supreme Locations: Pennsylvania, Lancaster, York County , Pennsylvania, Lancaster County, PENNSYLVANIA, Trump, county’s, York, York County, Delaware County, Media , Pennsylvania, Philadelphia county, . Delaware County,
Microsoft leads Google in cloud market share, while Amazon Web Services is at the top. AdvertisementMicrosoft publicly accused Google of running "shadow campaigns" to undermine its business and influence cloud regulation in Europe, in an escalation of the tech giants' rivalry. A Google spokesperson told Business Insider the company had been "very public" about concerns with Microsoft's cloud licensing. In the second quarter, Google Cloud generated $10.35 billion in revenue, while Microsoft's Azure, included as part of the company's Intelligent Cloud group, reported $28.5 billion in revenue. AdvertisementIn 2023, Google Cloud generated $33.7 billion in sales, while Microsoft's Intelligent Cloud group reported $96.8 billion in sales.
Persons: , Rima Alaily, Alaily, Nicky Stewart, Stewart Organizations: Microsoft, Google, Amazon, Service, Cloud Coalition, Open Cloud Coalition, European Commission, Big Tech, Amazon Web Services, Department of Justice, Games Locations: Europe
Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Big Tech earnings start today, with roughly $12 trillion in market cap reporting over three days. Mark Zuckerberg hasn't shied away from saying his company will keep spending big on AI, and the market hasn't minded. Judging by Meta Connect 2024 and its CTO's comments , the tech giant wants to own the market for AI-powered wearables.
Persons: , We'll, Insider's Kelly Cloonan, We're, Mark Zuckerberg hasn't, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, Milan Sehmbi, Amanda Yen Organizations: Business, Service, Traders, Big Tech, Google, Nvidia, Meta, Microsoft, AWS, Apple, Apple Intelligence Locations: China, New York, London
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. Trump accuses Taiwan of stealing businessFormer U.S. President Donald Trump accused Taiwan of stealing the country's chip business, he said on "The Joe Rogan Experience" podcast. Bernstein analyst Stacy Rasgon told CNBC the idea of Taiwan stealing the U.S.'s chip industry is "ridiculous." [PRO] Tech might be in trouble, chart showsThe bursting of the 2000 dot-com bubble was one of the worst moments ever for tech stocks.
Persons: Thomas Schäfer, Trump, Donald Trump, Joe Rogan, Bernstein, Stacy Rasgon Organizations: CNBC, Big Tech, Philips, Volkswagen, U.S, New York Stock Exchange, bourse, Intercontinental Exchange, Tech, Wolfe Research Locations: New York City, China, Germany, Taiwan
Two weeks ago, I had covered a trade on Alibaba using a very popular indicator called the MACD (Moving Average Convergence Divergence). Note that a bearish crossover is happening again for ACN indicating a loss in upward momentum. With a bearish outlook on ACN, I’m utilizing a strategy known as a "bear put spread" to potentially profit from a pullback. The trade This involves purchasing a put option with a higher strike price and simultaneously selling a put option with a slightly lower strike, creating a net debit position. BEFORE MAKING ANY FINANCIAL DECISIONS, YOU SHOULD STRONGLY CONSIDER SEEKING ADVICE FROM YOUR OWN FINANCIAL OR INVESTMENT ADVISOR.
Persons: it's, Nishant Pant Organizations: Accenture, CNBC, NBC UNIVERSAL
The guidance stems from high costs and low volumes of Ford Pro and Ford Blue models. Ford aims to compete with Chinese EV makers by reducing costs and innovating designs. It said the guidance was hurt by costs and low volumes of its most profitable cars, Ford Pro and Ford Blue, due to supplier and hurricane-related disruptions. He said that finding new designs for components or using new suppliers will be key to reducing EV costs. Chinese EV makers have been on a roll this year.
Persons: Ford, , Jim Farley, Farley, I've, Stellantis, Tesla Organizations: Ford Pro, Ford, Service, Companies, EV, European Union, Motors, Chrysler Locations: Russia, Shanghai, Chicago, China
Apple released AI features for the iPhone 15 Pro and later models with Monday's iOS 18.1 update. AdvertisementThe first Apple Intelligence features are out now. Jordan Hart/BIThe "writing tools" feature has been one of the more visible Apple Intelligence features since it was first announced in June. Jordan Hart/BIWith Apple Intelligence enabled on the Messages app, iPhone owners can get texts summarized in the notification center. Apple, in a disclaimer on its website, said Apple Intelligence "outputs may vary."
Persons: , that's, Max, Jordan Hart, Hey, Desmond Organizations: Apple, Apple Intelligence, Service, Worldwide, Conference, Bloomberg, Kansas City Chiefs, Chiefs, Raiders
The comedian who let loose a series of racist jokes, some about Puerto Rico, at former President Donald Trump’s Madison Square Garden rally on Sunday night workshopped the material the night before at a local comedy club. I love Puerto Rico and vacation there." There, Puerto Rican voters stand to be a deciding electorate. More than half of the nearly 580,000 eligible Latino voters in Pennsylvania are of Puerto Rican descent. The Republican Party of Pennsylvania is leading efforts to engage Latino and Puerto Rican voters in the state.
Persons: Donald Trump’s, Tony Hinchcliffe, Hinchcliffe, Trump, Vianca Rodríguez, Danielle Alvarez’s, ” Hinchcliffe, Hurricane Maria, Rafael Collazo, Puerto Ricans, Kamala Harris, Harris, Collazo, , Bunny, Marc Anthony, Trump “, Maria, , Donald Trump, Peter W, Stevenson, Jennifer Lopez, Ricky Martin, Lin, Manuel Miranda, “ Despacito, Luis Fonsi, María Elvira Salazar, Sen, Rick Scott, Jenniffer González Organizations: New, Trump, NBC, Noticias Telemundo, Republican National Committee, Puerto Rico, Hurricane, Puerto Rican, Puerto Ricans, Mexican, Puerto, Reading, of Housing, Urban Development Office, Madison, Washington, Getty, Michigan, Latino, Politics Institute, UCLA, Republican Party of Pennsylvania, Republican Party, GOP Locations: Puerto Rico, New York City, Madison, Spanish, Puerto, Puerto Rican, U.S, Pennsylvania, Philadelphia, New York, America
Philadelphia Union goalkeeper Holden Trent died suddenly in a "tragic passing" that cut short his "bright future," officials said Sunday. "Major League Soccer joins the Philadelphia Union and our entire soccer community in mourning the tragic passing of Union goalkeeper Holden Trent," according to a Major League Soccer statement on Sunday. “The Philadelphia Union is devastated by the heartbreaking passing of Holden Trent,” the Union said in a statement. Trent last played on June 26 for the club's MLS Next Pro (MLSNP) developmental squad, the Philadelphia Union II. The Philadelphia Union II dedicated its playoff match to Trent on Saturday and advanced on penalties against Crown Legacy.
Persons: Holden Trent, Trent, fiancé, Organizations: Philadelphia Union, Major League Soccer, Major League, Philadelphia, MLS, High Point University, Philadelphia Union II, Trent, Panthers, North Locations: Philadelphia, North Carolina, Greensboro
Brown University suspended its chapter of Students for Justice in Palestine after the group led a rally protesting the university's decision not to divest its endowment from certain companies that support Israel. Chapter members were told of the suspension on Oct. 24, the group said, nearly a week after their Oct. 18 protest. Brown Divest Coalition first led a series of protests in April calling for the university’s governing board to divest. While university officials did review a student proposal outlining why the board should divest from 10 companies, it ultimately decided not to do so. The university’s governing body voted against the proposal on Oct. 8, with students organizing a protest in response on Oct. 18.
Persons: Lane Turner, Gazans, , Brown, , ” Brown Organizations: Brown University, Justice, Israel, Haffenreffer Museum, Anthropology, Boston Globe, Getty, Brown, Zionist, Coalition, Temple University, Tufts University, Rutgers University, American University, University of Vermont . Harvard University Locations: Palestine, Providence, R.I,
Taylor Swift shouted her out boyfriend's Super Bowl aspirations Sunday in the building where pro football's next champion will be crowned a little more than three months from now. It was a move many fans took as a nod to Kelce and his Kansas City Chiefs as they seek a third consecutive Super Bowl victory. Swift and that boy on the football team have been dating for more than a year, in one of pop culture's most closely watched relationships. repeated as Super Bowl champs back in February — were single-game, season highs for Kelce. And that drought-breaking scoring grab marked Kelce's first visit to the holy ground this season.
Persons: Taylor Swift, Travis Kelce's, Kelce, Swift, Organizations: football's, Caesars, Kansas City Chiefs, Chiefs, Las Vegas Raiders, Super Bowl Locations: New Orleans, Orleans, Kansas
Donald Trump headlines a rally in Madison Square Garden after racist and crude remarks from his allies. Quarter Pounders are back on the menu at McDonald's after tests show patties were not the source of the E.coli outbreak. They come inside, just like they did to our country.”There was an uncomfortable reception to his punchlines in the arena. ➡️ Harris campaigned in Philadelphia over the weekend, marking her 14th visit to Pennsylvania since she entered the race in July. 🙌 49ers TE George Kittle had a breakout performance with 128 yards and a touchdown as his team improved to 4-4.
Persons: Donald Trump, Julia Demaree Nikhinson, Kamala Harris, Tony Hinchcliffe, , David Rem, Harris, ” Tucker Carlson, ” Melania Trump, Trump, , Harris ’, ➡️ Harris, JD Vance, Vladimir Putin, ” ➡️ Harris, ➡️, McDonald’s, Eakin Howard, Greg Rosenstein, Ari z, Mia, stu, dou Organizations: NFL, MSG, Black, Trump, NBC, NBC’s, Press, Democratic, GOP, Colorado Agriculture Department, Food and Drug Administration, Farms, CDC, San Francisco 49ers, Dallas, Sunday, NBC News, ards, pla Locations: Madison Square, Puerto Rico, New York, Malaysian, California, Wisconsin, Michigan, Michigan’s, Philadelphia, Pennsylvania, Colorado, Colorado , Kansas , Wyoming
Georgian Dream Party supporters celebrate the exit poll results in Tbilisi on Saturday. Diego Fedele / Getty ImagesPresident Salome Zourabichvili spoke the day after the vote, which the electoral commission said the ruling party had won. The Georgian Dream party clinched nearly 54% of the vote, the commission said, as opposition parties contested the result and vote monitors reported significant violations. Georgian Dream has become increasingly authoritarian over the past year, adopting laws similar to those used by Russia to crack down on speech. Despite that, Georgian Dream has adopted Russia-style laws and many Georgians fear the government is distancing the country from the West and into Moscow’s orbit.
Persons: Diego Fedele, Salome Zourabichvili, Georgia’s, , Zourabichvili, Antonio López, White, Charles Michel, , Irakli Kobakhidze, ” Hungary’s Victor Orbán, Tiko Gelashvili, Natia Seskuria Organizations: European Union, Georgian Dream Party, Getty, European, Sunday, Georgian, The United National Movement, Regional Institute for Security Studies, AP Locations: United States, Russia, Europe, Tbilisi, Georgian, Russian, Brussels, South Caucasus, , Georgia, Tiko, Georgia’s, Moscow, Soviet Union, Javakheti
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