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Hoda Kotb, a beloved mainstay of NBC News' "TODAY" for nearly two decades, announced on Thursday that she will step down from the network's flagship morning show after six years as co-anchor. Kotb has co-anchored “TODAY” with Savannah Guthrie since early 2018. Guthrie, visibly emotional, said the “TODAY” team doesn’t “want to imagine this place without you.” Guthrie praised Kotb for her “guts” and said she is loved by all her colleagues. In a written message to her colleagues, Kotb said her daughters and her mother "need and deserve a bigger slice of my time pie." She went on to cover a wide array of domestic and international news stories before joining the "TODAY" team in 2007, co-hosting the show's fourth hour alongside Kathie Lee Gifford.
Persons: Hoda, Kotb, Savannah Guthrie, Guthrie, ” Guthrie, , Kathie Lee Gifford Organizations: NBC, doesn’t, NBC News Locations: Savannah
Kirill Kudryavtsev | Afp | Getty ImagesEuropean banking's latest takeover battle is widely regarded as a potential turning point for the region — particularly the bloc's incomplete banking union. Whatever the outcome of UniCredit's swoop on Commerzbank, Marsh said the episode marks "another huge test" for German Chancellor Olaf Scholz. What is Europe's banking union? OMFIF's Marsh said Germany's opposition to UniCredit's move on Commerzbank means Berlin "now stands accused of favouring European banking integration only on its own terms." The logo of German bank Commerzbank seen on a branch office near The Commerzbank Tower in Frankfurt.
Persons: Kirill Kudryavtsev, Italy's UniCredit, David Marsh, Marsh, Olaf Scholz, Scholz, , Germany's Scholz, OMFIF's Marsh, UniCredit's, Daniel Roland, Onur Genç, Mario Centeno, CNBC's, , Centeno Organizations: European Central Bank, Afp, Getty, London, European Union, CNBC, BBVA, Banco Sabadell, Reuters, European Central Bank's Governing, EU Locations: Frankfurt, Germany, Germany's, Milan, Europe, Commerzbank, Italy, Berlin, Spanish, Brussels, Spain
While parents have used location-tracking apps to keep an eye on their kids since the tech was invented, millennials and Gen Zers are now turning the all-seeing eye onto their parents. The kids who grew up with extra watchful parents are now carefully eyeing their parents' every move. While phones lacked tracking technology when Shafer was younger, her parents set hard limits on which hours she could use her first cellphone and whom she could contact. She described her mom and dad's parenting style as "very typical of overbearing parents, especially immigrant parents." And more parents are tracking their kids in college to help quell their anxiety about the separation.
Persons: Sherry Howard, Howard, , TikTok, Zers, Gen Zers, Kacy Shafer, Shafer, Stephiney Foley, Foley, Kelley Roebuck, Cousin Erica's, Roebuck, y'all, Gabrielle Lask, Lask, didn't, Dr, Kanchi Wijesekera, Julianne Goldfinger, Goldfinger, she's, I'm, Wijesekera, Joy Loverde, Loverde, they've, it's, Julia Pugachevsky Organizations: The New York Times, Pew, Business Locations: Ohio, Caribbean, West Virginia, New York, Shanghai, Smoky, Tennessee, Seattle, Florida, Illinois, California
ET, the yield on the 10-year Treasury was down by less than one basis point to 3.7791%. The 2-year Treasury yield was last at 3.5653% after rising by over one basis point. U.S. Treasury yields were little changed on Thursday as investors looked to fresh economic data and remarks from Federal Reserve officials. Economists polled by Dow Jones are expecting weekly initial jobless claims to come in at 223,000 for the most recent period. Elsewhere, the Swiss National Bank on Thursday cut its key interest rate by a quarter point, marking the third reduction this year.
Persons: Dow Jones, Jerome Powell Organizations: Treasury, Federal Reserve, Swiss National Bank Locations: U.S
I was a plump, complex, introverted, spotty-faced teen and felt like such a disappointment to my family of high achievers. I stopped checking how much I weighed and started living my life. As I listened to my body, I could feel it start to change shape from a pear to an inverted triangle. Every year, I have felt even better about who I am as a whole — body and soul. I lead a dietless life, fuelled by healthy living, and am no longer defined by a number.
Persons: , Alison Weihe, I'm, I've Organizations: Service, Business
Helene checklist: How to prepare for the hurricane
  + stars: | 2024-09-26 | by ( Brenda Goodman | ) edition.cnn.com   time to read: +2 min
Hurricane Helene is expected to make landfall Thursday night along the Florida Gulf Coast near Tallahassee and then veer north, maintaining hurricane- and tropical storm-force winds and torrential rainfall into North Georgia and up to Tennessee. Up to 18 inches of rain is expected into the Carolinas, the National Weather Service said Thursday. About 40 million Americans are living under direct hurricane or tropical storm warnings across five states, according to CNN Supervising Meteorologist Brandon Miller. But by 2 or 3 a.m., those winds are going to be 50 to 60 miles per hour, potentially, and so you need to prepare for that before you go to sleep,” Miller said. “That’s something people can do: Pick a room in their house that is the most protected from falling debris, and sleep there tonight,” Miller said.
Persons: Helene, Brandon Miller, ” Miller, Miller, It’s Organizations: CNN, Carolinas, National Weather Service Locations: Florida Gulf, Tallahassee, North Georgia, Tennessee
For long term investors we continue to believe they have the best enterprise AI platform and retain our 18-month $500 price target." Truist initiates First Solar as buy Truist said the solar company has a wide moat. " Deutsche Bank reiterates Tesla as buy The firm said it's sticking with its buy rating heading into the company's delivery report in October. UBS reiterates Micron as buy UBS said it's sticking with the stock following earnings on Wednesday. "We are taking the opportunity to reaffirm our positive view on DKNG and up our year-end 2025 price target to $54."
Persons: Goldman Sachs, Goldman, Morgan Stanley downgrades, Morgan Stanley, Oppenheimer, Truist, Tesla, Jefferies downgrades Hershey, Jefferies, it's, Orion, Bernstein, NYCB, Morgan Stanley downgrades Sonos, there's, JPMorgan, Ralph Lauren Organizations: UBS, GE Healthcare, Entertainment, Tencent, Microsoft, Inc, Deutsche Bank, Hershey, Susquehanna, Nvidia, NVIDIA, Nike, Deutsche, Apple, Barclays, Community Bank, Micron, MU, " Bank of America, Meta, Bank of America, SONO, UW, GE Vernova, GE, RL Locations: China
Paris CNN —On the second day of Paris Fashion Week at the city’s Palais de Tokyo, a giant inflatable elephant welcomed guests to the Ester Manas fashion show. Methods such as ruching and drawstrings eliminate the need for classical sizing and enable Ester Manas to cater to sizes XS to 3XL. Similarly, a 2023 size inclusivity report conducted by Vogue Business found that 95.6% of all looks presented for Fall-Winter 2023 were in a size US 0-4. “Numerically, it is very apparent that this ‘trend’ (of both being personally comfortable with your size and size inclusivity being socially accepted) has retreated,” Delepierre said. “Beyond the size dimension, (Ester Manas clothes) are strong pieces that stand on their own and make everyone feel sexy,” he said.
Persons: Ester Manas, Balthazar Delepierre, SZA, Jorja Smith, Kali Uchis, Beth Ditto, , Manas, , bienveillance, bookers, Goldman Sachs, Ester Manas’s, they’ve, ” Delepierre, Ester Manas “, inclusivity, Giulietta Canzani Mora, ” Guillaume Boulez Organizations: Paris CNN —, BMI, CNN, Goldman, Vogue Business Locations: Paris, de Tokyo, , Manas, France
Analyst Jared Shaw raised his rating on the regional bank to overweight from equal weight and upped his price target by $4 to $14. Analyst Rob Dickerson downgraded the chocolate maker to underperform from hold and slashed his price target by $21 to $163. Analyst Lincoln Kong upgraded U.S.-listed shares to buy from neutral and raised his price target to $22.60 from $16.50. — Alex Harring 5:51 a.m.: BofA hikes Meta price target following Connect event Bank of America sees more room for Meta Platforms to run due to its artificial intelligence possibilities. Starbucks shares are flat year to date, but they have popped more than 20% over the past three months.
Persons: Bernstein, Jared Shaw, NYCB, Shaw, — Alex Harring, Sell Hershey, Jefferies, Rob Dickerson, Dickerson, flatlining, Hershey, Alex Harring, BofA, Ralph Lauren, Christopher Nardone, Justin Picicci, Corey Van der, Nardone, Picicci, Goldman, Bilibili Goldman Sachs, Lincoln, Kong, Bilibili, Justin Post, Post, Metaverse, Meta, Brian Niccol, Danilo Gargiulo, Gargiulo, Niccol, — Fred Imbert Organizations: CNBC, . Bank of America, Barclays, Bancorp New, Bancorp New York Community, Wall, Hershey, America's, Lincoln Kong, Bank of America, Facebook, Meta, Orion, Taco Bell Locations: Bancorp New York, Wednesday's, Thursday's premarket, Bilibili, U.S
CNBC Daily Open: Time to look at AI-adjacent plays
  + stars: | 2024-09-26 | by ( Yeo Boon Ping | ) www.cnbc.com   time to read: +2 min
This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. The Stoxx Europe 600 Bank Index fell 0.73% as investors monitored UniCredit's potential merger with Commerzbank . Done selling NvidiaNvidia CEO Jensen Huang is done selling the company's stock for now. In March, Huang set out a plan to sell up to six million Nvidia shares by first quarter of 2025.
Persons: Jensen Huang, Huang, Meta Organizations: CNBC, Dow Jones, Nasdaq, Commerzbank, Google, Microsoft Google, European Commission, European Union, Microsoft, Nvidia, Bain & Company, Labs, Hewlett Packard Enterprise Locations: Europe
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. U.S. markets slipped as Asian stocks riseU.S. stocks mostly fell Wednesday. The S&P 500 lost 0.19% and the Dow Jones Industrial Average slipped 0.7%, while the Nasdaq Composite closed near the flatline. Support for semiconductor plansIndian Prime Minister Narendra Modi plans to turn the country into a semiconductor powerhouse.
Persons: Mira Murati, Bob McGrew, Narendra Modi, Modi, Meta, Blackstone, Equity's Organizations: CNBC, Dow Jones, Nasdaq, SK Hynix, Indian, Labs Locations: U.S, Hong Kong, India, Asia
The oldest Gen Xers are turning 59 this year, and once they reach 59½, they can begin making penalty-free withdrawals from their 401(k)s and individual retirement accounts. However, nearly 70% of Gen X, which is comprised of Americans between the ages of 44 and 59, feel behind on their retirement savings, according to a new retirement savings survey from Bankrate. The average 401(k) balance for people in their 50s, who make up the majority of Gen X, is $214,100. The good news: Many Gen Xers are already taking strides to get their retirement savings where they want them to be. Plus, they've increased their IRA contributions by 30% to the highest level in five years, per Fidelity's second quarter retirement analysis.
Persons: Xers, Mark Hamrick Organizations: Fidelity Investments Locations: Bankrate
NYC Mayor Eric Adams isn't messing around defending himself against a federal indictment. The mayor has hired high-powered attorney and Elon Musk favorite, Alex Spiro, Bloomberg reported. Adams was indicted this week on charges related to bribery, fraud, and conspiracy. Go to newsletter preferences Thanks for signing up! AdvertisementNew York City Mayor Eric Adams is reportedly turning to one high-profile person to help fight his recent indictment: Elon Musk's favorite lawyer.
Persons: Eric Adams isn't, Elon Musk, Alex Spiro, Adams, , Eric Adams, Elon Musk's Organizations: Bloomberg, Service, York City, NYPD, Business Locations: York
The Chinese central bank unrolled the most significant stimulus program since the COVID-19 pandemic and Chinese equities are starting to show signs that the long history of underperformance relative to western equities could possibly be on borrowed time. The name that has already demonstrated leadership that we want to focus on should this move into Chinese names continues is Tencent Holdings (TCEHY) . Before we get further into the company specifics it's important to reiterate that Chinese equities have under-performed U.S. equities since 2007. The goal of the program according to Chinese officials is to return the economy to a 5% growth rate. Turning to the focus company Tencent Holdings (TCHEY) is a multinational technology conglomerate listed on the Hong Kong exchange since 2004.
Persons: TCHEY, Todd Gordon, Gordon Organizations: Tencent Holdings, People's Bank of China, Hong, Inside Edge, CNBC, NBC UNIVERSAL Locations: China, Hong Kong
AdvertisementLorraine Tan, Morningstar's director of equity research for Asia, also thinks monetary stimulus won't be sufficient. History says their skepticism is warranted, as China's past stimulus efforts have often failed to lead to sustainable gains. Even if this surge holds up, it won't necessarily spark a self-fulfilling prophecy that provides a lasting boost for China's economy. But others like Tan from Morningstar believe this bad news is reflected in Chinese stocks' cheap valuations. The team at UBS Global Wealth Management is also cautiously optimistic about Chinese stocks after this news.
Persons: , they're, Betty Wang, Marcelli, Lorraine Tan, Tan, Brian Mulberry, Mulberry, Wang, China isn't, Jeff Kleintop, Charles Schwab, Donald Trump, Rory Green, Xi Jinping, Biden, Trump, That's, Kleintop, Morningstar, she'd Organizations: Service, Business, People's Bank of, Oxford Economics, UBS Global Wealth Management, Zacks Investment Management, Federal Reserve, BI Locations: China, People's Bank of China, Asia, Central, Republic
UK real estate investment at an inflection point, investor says
  + stars: | 2024-09-26 | 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 EmailUK real estate investment at an inflection point, investor saysJace Tyrrell, CEO of Opportunity London, says the U.K. real estate market is at a turning point, with activity expected to pick up further in the second half of the year.
Persons: Jace Tyrrell Organizations: Opportunity
About 57% of registered voters report feeling negatively about Project 2025, with 51% saying they see the proposal “very” negatively and another 7% saying they view it “somewhat” negatively. Just 4% of voters reported viewing the conservative policy plan positively. Voters who identify as "MAGA Republicans" reported viewing Project 2025 in a slightly more positive light, with 28% saying they held a negative view of the proposal and another 9% saying they view the plan positively. Democrats have made efforts to tie Trump to Project 2025, a conservative policy roadmap from the Heritage Foundation aimed at laying the groundwork for a future Republican administration. “I know nothing about Project 2025,” Trump said in a Truth Social post in July.
Persons: Kamala Harris, Donald Trump, Trump, ramped, MAGA, Taylor Swift, Elon Musk, Harris, , Russ Vought, Ben Carson —, , , ” Trump Organizations: Democratic Party, NBC, Voters, MAGA Republicans, Republican, Democratic, Democrats, Trump, Heritage Foundation, of Management, Urban, America, Force, Convention, NBC News
As a federal criminal investigation hangs over former World Wrestling Entertainment CEO Vince McMahon, a new documentary series on Netflix offers a rare look at the man credited with turning professional wrestling into a cultural juggernaut. The series only briefly touches on the lawsuit filed against McMahon in January by former WWE employee Janel Grant, who accused him of sexual abuse and trafficking. Grant, who filed the suit against McMahon this year, did not participate in the documentary, according to her attorney, Ann Callis. McMahon,” the on-screen character that was born during the late 1990s “Attitude Era” of WWE, which was known for pushing into R-rated territory. When McMahon is asked in the fourth episode of the Netflix series what similarities he has with the Mr. McMahon character, he responds, “None whatsoever.” But in the sixth episode, he admits some overlap.
Persons: Vince McMahon, McMahon, Janel Grant, Rita Chatterton, you’re, , ” McMahon, Phil Mushnick, Owen Hart, , “ I’d, Chris Benoit, “ I’m, Grant, Ann Callis, Vince, Mr, Shawn Michaels Organizations: World Wrestling Entertainment, Netflix, WWE, New York, Street Journal
Pest control maker Rentokil Initial said Wednesday that Trian partner Brian Baldwin would join the Terminix owner's board effective next week. The company said Baldwin, who has worked at Nelson Peltz's firm since 2007, will also join the nominating and compensation committees. The accession comes three months after Trian first disclosed a roughly $400 million position in Rentokil, and two weeks after the company issued a profit warning. Peltz's Trian has a long history of turning around struggling businesses, largely in the consumer sector. His company mounted a proxy fight at Disney earlier this year, failing to secure a board seat but still making around $1 billion off the investment.
Persons: Rentokil, Brian Baldwin, Baldwin, Nelson Peltz's, Trian, Janus Henderson, Peltz's Trian, Peltz, Proctor, Gamble, Mondelez Organizations: Heinz, Disney Locations: Rentokil, Terminix
Vox Media has also doubled down on investing in podcasting and is helping its podcast creators expand into live events. Jackie Cinguina, chief marketing officer, and Lillian Xu, executive director, spoke with BI about the company's offerings for podcast creators. Vox Media leans on specific marketing, like placing podcast talent into larger in-person events to perform, like South by Southwest. "From an audience standpoint, we thought it was really important," Xu said about bringing back live events. You see them react to the audience and feed off of them when they are in front of a live audience."
Persons: , Cary, Michael Huang, Cary Huang, Huang, Tana Mongeau, Brooke Schofield, Jake Shane, Ethan, Hila Klein, Mongeau, Schofield, Hugo Amsellem, it's, Jenna Bandy, Bree Green, Carson Roney, Alex Sheinman, Claire Parker, Ashley Hamilton, Parker, Hamilton, cohost Claire, Dan Howell, Phil Lester, Howell, Lester, Ariana Nathani, Jackie Cinguina, Lillian Xu, Cinguina, Vox, Xu, they're, Delia Cai, Hunter Harris, Emilia Petrarca, Sophia Efthimiatou, Efthimiatou Organizations: Service, Saban Media Center, Disney, Nickelodeon, YouTube, Business, Dolby Theatre, Snapback Agency, Snapback, of, Creators, Netflix, Vox, Vox Media, BI, Southwest, IRL Locations: Hollywood, LA, America, of America, York, Hamilton, South
Fintech stocks have been in a rut since 2021. Wolfe Research technical strategist Rob Ginsberg pointed out the Global X FinTech ETF (FINX) is close to reaching the $30 level for the first time since 2022. The FINX ETF illustrates this well. This year, the ETF has made some progress, rising more than 9%, as the Fed begins its policy easing campaign. FINX mountain 2021-11-01 FINX since Nov. 2021 A breakout could have broader implications outside of fintech.
Persons: Wolfe, Rob Ginsberg, It's, Tim Long, HPE Organizations: Wolfe Research, Federal Reserve, Fed, Dow Jones, CNBC, New York Stock Exchange, Barclays, Hewlett Packard Enterprise, Juniper Networks Locations: fintech
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailTurning point in drug prices is around the corner, says Cantor Fitzgerald's Louise ChenLouise Chen, Cantor Fitzgerald senior analyst, joins ‘Squawk Box’ to discuss Novo Nordisk's CEO on Capitol Hill, when drug prices could start to come down, and more.
Persons: Cantor Fitzgerald's Louise Chen Louise Chen, Cantor Fitzgerald Organizations: Novo, Capitol
Starbucks CEO Brian Niccol said the coffee chain is committed to bargaining in good faith with the union that represents many of its baristas, as the two sides work to craft a labor deal. He was responding to a letter from the Starbucks Workers United bargaining delegation sent a day earlier, ahead of another bargaining session between Starbucks and the union. Three years ago, Starbucks baristas started unionizing under Workers United, an affiliate of the Service Employees International Union. Niccol joined Starbucks several weeks ago, making him a newcomer to the union discussions. Today, Workers United represents more than 490 of Starbucks' U.S. cafes and more than 10,500 of its employees.
Persons: Brian Niccol, Niccol, Starbucks baristas, Chipotle Organizations: CNBC, Starbucks Workers United, Starbucks, Workers United, Service Employees International Union, burrito Locations: Lansing , Michigan, Augusta , Maine, U.S
FAA administrator Mike Whitaker said Boeing and SpaceX should be treated equally after Elon Musk attacked the regulator for fining his rocket company "for trivia" and said it should focus on Boeing's Starliner issues instead. In a post on X last week, Musk railed against the FAA's proposed $633,000 fine for SpaceX over two instances where the rocket company violated its launch licenses. Advertisement"NASA deemed the Boeing capsule unsafe for astronaut return, turning, out of necessity, to SpaceX, yet instead of fining Boeing for putting astronauts at risk, the FAA is fining SpaceX for trivia," the billionaire SpaceX founder wrote. SpaceX is also engaged in a war of words with the aviation regulator over delays to the next launch of Starship, the giant rocket Musk wants to use to travel to Mars. The FAA and SpaceX did not immediately respond to requests for comment sent outside normal working hours.
Persons: , Elon Musk's, Mike Whitaker, Elon Musk, Whitaker, Musk, Butch Wilmore, Sunita Williams, Starliner Organizations: Service, Federal Aviation Administration, Boeing, SpaceX, FAA, Business, Reuters, NASA Locations: Texas
How birria took over restaurant menus across the country
  + stars: | 2024-09-25 | by ( Amelia Lucas | ) www.cnbc.com   time to read: +5 min
Birria burrito surrounded by birria tacos, birria munchwrap, birria loaded fries and birria consommé at Little Miner Taco in North Bethesda, Maryland. Birria tacos use the slow-cooked meat as a filling and usually include a consommé on the side to dip the taco. Over the past four years, birria has seen its presence on restaurant menus grow 412%, largely thanks to midscale and casual-dining chains, according to market research firm Datassential. More recently, birria took off in New York City, with restaurants and food trucks serving up tacos and consommé across the five boroughs. Finding opportunityQdoba's Brisket Birria, seen here in the chain's quesadillas.
Persons: birria tacos, birria, Laura Chase de Formigny, chiles, El, Del, Taco Bell, Scott Suchman, Steven Alvarez, Alvarez, Don Guadalupe Zárate, Birrieria Gonzalez, TikTok, Qdoba's Brisket, Katy Velazquez, Qdoba, Velazquez, Lamb, Liz Hafalia Organizations: Little Miner, Washington Post, Getty, John's University, Butterfly Equity, San Francisco Chronicle, Hearst Newspapers Locations: Little, North Bethesda , Maryland, Mexican, U.S, Del Taco, Jalisco, Washington ,, St, Europe, Americas, Tijuana, Mexico, Los Angeles, California, New York City, Oakland , California
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