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☆ North Korea launches suspected ICBM days ahead of US election
▼ + stars: | 2024-10-30 | by ( Helen Regan | Gawon Bae | ) edition.cnn.com time to read: +1 min

Tokyo and Seoul CNN —North Korea conducted a suspected intercontinental ballistic missile test on Thursday morning, according to Japan’s Defense Ministry, which said it was believed to be the longest flight time yet for a North Korean missile. The launch comes just days ahead of the United States presidential election, and follows warnings from the South Korean intelligence agency that Pyongyang was planning on launching an ICBM around the election to test its reentry technology. The missile is believed to be a long-range ballistic missile fired at “a lofted angle,” South Korea’s Joint Chiefs of Staff said. It is suspected to have fallen outside of Japan’s exclusive economic zone, according to public broadcaster NHK, citing the country’s Defense Ministry. The US National Security Council described the launch as an intercontinental ballistic missile test, calling it “a flagrant violation of multiple UN Security Council resolutions.”This is a developing story and will be updated.

Persons: Gen Nakatani, ” Nakatani Organizations: Seoul CNN —, Japan’s Defense Ministry, United, Korean, Korea’s, Chiefs, Staff, NHK, country’s Defense Ministry, Japanese, “, US National Security Council, UN Locations: Tokyo, Seoul, Korea, Korean, Pyongyang

☆ Apple updates MacBook Pro laptops with new chips, more memory for AI
▼ + stars: | 2024-10-30 | by ( Kif Leswing | ) www.cnbc.com time to read: +1 min

Apple on Wednesday introduced new MacBook Pro laptops with updated processors, in what is likely the company's last major hardware announcement of the year. Apple says the new chips are 1.8 times faster than the M1, which powered Apple's 2021 MacBook Pro. Additionally, all of the new MacBook Pro models come with at least 16GB of RAM. The more memory a computer has, the more it is capable of handling larger and more sophisticated AI models. Doubling the RAM on its laptops represents the most significant change Apple has made to its lineup of computers to better support Apple Intelligence.

Persons: Tim Cook, Apple Organizations: Apple Inc, Apple Worldwide, Apple, M4, Apple Intelligence, MacBook Locations: Cupertino , California

☆ We see two post-earnings declines as buys, while happy to see a Tuesday laggard stabilize
▼ + stars: | 2024-10-30 | by ( Jeff Marks | ) www.cnbc.com time to read: +4 min

Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. Then there were selloffs in Club stocks Eli Lilly and Advanced Micro Devices after their earnings releases. 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, Eli Lilly, Lilly's, AMD's financials, Stanley Black, Decker, Estee Lauder, Jim Cramer's, Jim Organizations: CNBC, Dow, Caterpillar, Devices, Nasdaq, Microsoft, Starbucks, MGM Resorts, Linde, Merck, ConocoPhillips, Mastercard, Roblox, Myers, Jim Cramer's Charitable Locations: Bristol

☆ What investors should look for as Meta, Microsoft report earnings Wednesday
▼ + stars: | 2024-10-30 | by ( Samantha Subin | ) www.cnbc.com time to read: +5 min

Another busy day of megacap technology earnings kicks off Wednesday with results from Meta Platforms and Microsoft after the bell. Wall Street expects Meta Platforms to post third-quarter earnings of $5.25 per share, up from $4.39 a year ago, per LSEG. For Microsoft, EPS and revenue are expected to reach $3.10 and $64.51 billion, respectively, for the fiscal first quarter . Meta Platforms For Meta Platforms, analysts are hunting for signs that AI is continuing to boost the company's core product and advertising spending. Microsoft Microsoft faces a tougher bar headed into the print, with many analysts leaning toward caution as the company lags some of its megacap peers and underperforms the Nasdaq Composite.

Persons: haven't, Davidson, Gil Luria, Citi's Ronald Josey, Citi's Josey, Mark Mahaney, Barton Crockett, Mark Shmulik, Bank of America's Justin Post, Keith Bachman, Citi's Tyler Radke, Morgan Stanley's Keith Weiss, Weiss, Goldman Sachs, Kash Rangan, Azure's Organizations: Meta, Microsoft, D.A, Revenue, Google, Bank of America's, Microsoft Microsoft, Nasdaq, BMO Capital Markets, BMO

☆ A familiar-looking Houthi torpedo could be derived from captured US tech, analysts say
▼ + stars: | 2024-10-30 | by ( Thibault Spirlet | ) www.businessinsider.com time to read: +5 min

The weapon resembles a US sea drone the group captured years ago, analysts told BI. AdvertisementThe Houthi rebels in Yemen have a new torpedo to show off — and it looks familiar. Martin Kelly of the UK advisory firm EOS Risk Group, said the torpedo could derive from a US REMUS 600 drone lost in 2018. Houthi forcesPer Kelly, Iranian scientists could have turned a captive example into a "blueprint" for the homegrown weapon seen this week. He told BI that the torpedo looked like models put on display at an Iranian navy exhibition in Tehran in December 2023.

Persons: —, Al Qar'iah, Martin Kelly, REMUS, US REMUS, Per Kelly, Kelly, Mohammed Albasha Organizations: Service, EOS Risk, US MIM, US, US Defense Intelligence Agency, Geneva Graduate Institute, BI, US Navy, Pentagon, Drewry Locations: Iran, Yemen, US, Russia, Ukraine, Tehran, Iranian, Red, Israel, Gaza, Albasha

☆ Cloud software is incredible driver of growth for the future: Wolters Kluwer CFO
▼ + stars: | 2024-10-30 | 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 EmailCloud software is incredible driver of growth for the future: Wolters Kluwer CFOWolters Kluwer CFO Kevin Entricken discusses cloud software and artificial intelligence as drivers of growth, and what implications the U.S. presidential elections might have for the business.

Persons: Wolters, Kevin Entricken Organizations: Wolters

☆ Microsoft set to report quarterly results after the close
▼ + stars: | 2024-10-30 | by ( Jordan Novet | ) www.cnbc.com time to read: +3 min

Microsoft will report results for its fiscal first quarter after the close of regular trading on Wednesday. Mobility and security services, along with some Windows revenue, will now be part of the Productivity and Business Processes unit, which includes Office software. Analysts expect $24.04 billion in revenue from the Intelligent Cloud segment that includes Azure cloud infrastructure. Amazon , which leads the cloud infrastructure market, is slated to report results after the close on Thursday. During the quarter, Microsoft worked to help customers recover after a flawed update to CrowdStrike security software brought down Windows PCs globally.

Persons: Satya Nadella, OpenAI Organizations: Partnership for Global Infrastructure, Microsoft, Productivity, Gartner, Windows, BlackRock, UBS, Capital, Nasdaq Locations: Borgo, Savelletri, Italy

☆ First Energy CEO on AI power demand and headwinds to business
▼ + stars: | 2024-10-30 | 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 EmailFirst Energy CEO on AI power demand and headwinds to businessBrian Tierney, First Energy CEO, joins 'Money Movers' to discuss how quickly First Energy can meet the demand for powering artificial intelligence, how cost inputs are impacting First Energy, and how the summer's storm activity impact capacity.

Persons: Brian Tierney Organizations: First Energy, Energy

☆ Jim Cramer says Reddit's surge is about 'raw user power,' calls it 'holy grail' for advertisers
▼ + stars: | 2024-10-30 | by ( Morgan Chittum | ) www.cnbc.com time to read: +1 min

Reddit stock skyrocketed more than 40% higher on Wednesday — a stunning market reaction Jim Cramer suggested was warranted given the company's blowout third-quarter earnings results . Cramer touted the social platform for its growth prospects around ad revenues, calling it the "holy grail" for advertisers. "Reddit is a place where advertisers need to be," Steve Huffman, CEO and co-founder of Reddit, said on Tuesday's "Mad Money." Reddit also has a massive amount of user data that it can monetize to train artificial intelligence models. If you like this story, sign up for Jim Cramer's Top 10 Morning Thoughts on the Market email newsletter for free .

Persons: Jim Cramer, Reddit, Cramer, Steve Huffman, Cramer's, Jim Cramer's Organizations: Cramer's Charitable Trust, CNBC

☆ I tried Apple Intelligence for 48 hours. These are my favorite AI features so far.
▼ + stars: | 2024-10-30 | by ( Jordan Hart | ) www.businessinsider.com time to read: +4 min

I tried out Apple Intelligence on an iPhone 16 Pro Max over the first few days of its rollout. The iOS 18.1 update introduced AI tools like writing aids and photo editing on newer iPhones. AdvertisementI've been testing out Apple Intelligence for 48 hours, and it's already changing the way I use an iPhone. For transparency, I own an iPhone 14 Pro Max — an older model that can't support Apple's newly rolled-out AI features. AdvertisementThe tools aren't perfect, and Apple has said that outcomes can vary when it comes to Apple Intelligence.

Persons: Max, —, Max —, I've, Jordan Hart, Apple Organizations: Apple Intelligence, Service, Max, Apple, Worldwide, Conference

☆ Former Google CEO Eric Schmidt says future wars will be fought by AI drones and calls tanks 'useless'
▼ + stars: | 2024-10-30 | by ( Hugh Langley | ) www.businessinsider.com time to read: +4 min

Eric Schmidt says drones are the future of warfare, calling the use of tanks "useless." AdvertisementEx-Google CEO Eric Schmidt said future wars will be fought by AI-powered drones, and urged the US military to do away with what he called "useless" tanks. In fact, buy 10, buy 20, buy 50, buy 100." Related Video Russian vs. Western-made tanks in the Ukraine warFor almost a decade, Schmidt has advised the US government and military on technology. AdvertisementAsked about the Russia-Ukraine conflict, Schmidt said he had been surprised by innovations in drone technology.

Persons: Eric Schmidt, Schmidt, —, He's, Sebastian Thrun, Forbes Organizations: Service, Future Investment Initiative, Department of Defense's Innovation, US National Security, Artificial Intelligence, Stanford University, Troops Locations: Ukraine, Saudi Arabia, Russia, Russian

☆ Here are Wednesday's biggest analyst calls: Apple, Alphabet, Snap, Boeing, First Solar, Reddit, AMD & more
▼ + stars: | 2024-10-30 | by ( Michael Bloom | ) www.cnbc.com time to read: +8 min

Here are Wednesday's biggest calls on Wall Street: Bank of America reiterates Advanced Micro Devices as buy Bank of America said the stock is best positioned following earnings on Tuesday. JPMorgan reiterates First Solar as overweight The firm said the solar company is still best positioned following earnings on Tuesday. "Attractive entry point ahead of EDN's tariff review, a key value driver that could drive significant earnings growth & trigger stock re-rating. "We remain confident in BOOT's ability to deliver attractive relative earnings growth supported by compelling unit expansion opportunity." Raymond James downgrades Crocs to market perform from outperform Raymond James downgraded the shoe company following earnings citing margin pressures.

Persons: Wells, Reddit, Morgan Stanley, Raymond James, it's, Bernstein, Baird, Raymond James downgrades Qorvo, Barclays downgrades Lear, Goldman Sachs, Chipotle, Goldman, Raymond James downgrades Crocs, Wedbush downgrades Williams Organizations: Bank of America, Devices, AMD, JPMorgan, Catalyst, " Bank of America, DoJ, Citi, YouTube, Bank of, Holdings, of America, Incyte, Boeing, UBS, Barrick Gold, Barrick, Barclays, CMG, Walmart, Apple, Apple Intelligence, 3Q, 4Q, WSM Locations: China, OW, America, Sonoma

☆ We reiterate our 1 rating on Microsoft despite its softer guidance — here's why
▼ + stars: | 2024-10-30 | by ( Jeff Marks | ) www.cnbc.com time to read: +7 min

Nearly 70% of the Fortune 500 is using Microsoft 365 Copilot and the company is seeing faster customer adoption than any other new Microsoft 365 Suite. MSFT YTD mountain Microsoft YTD Despite these positive trends and innovations, revenue guidance for next quarter fell a touch short of expectations. Microsoft 365 Commercial cloud revenue growth increased 16% year over year with seat growth up 8%. Microsoft 365 Consumer cloud revenue growth increased 7% year over year with subscribers increasing to 84.4 million from 82.4 million one quarter ago. Revenue growth ticked down sequentially to 33% annual growth, or 34% on a constant currency basis.

Persons: Nvidia's Blackwell, That's, —, Jim Cramer's, Jim Cramer, Jim, Microsoft Corporation Satya Nadella, Chalinee Thirasupa Organizations: Microsoft, Revenue, Fortune, Productivity, Dynamics, CNBC, Activision, Windows, Gaming, Microsoft Corporation Locations: OpenAI, Bangkok, Thailand

☆ Canada alleges Indian minister ordered campaign targeting Sikh separatists
▼ + stars: | 2024-10-30 | by ( Associated Press | ) edition.cnn.com time to read: +4 min

Ottawa, Ontario AP —A Canadian official alleged Tuesday that Indian Home Minister Amit Shah ordered a campaign of violence, intimidation and intelligence-gathering targeting Sikh separatists inside Canada. Prime Minister Justin Trudeau said a year ago that Canada had credible evidence agents of the Indian government were involved in the murder of Canadian Sikh activist Hardeep Singh Nijjar in British Columbia in June 2023. Indian government officials have repeatedly denied Canada has provided evidence and have called the allegations absurd. Nathalie Drouin, Trudeau’s national security adviser, told the committee Tuesday that Canada has evidence the Indian government first gathered information on Indian nationals and Canadian citizens in Canada through diplomatic channels and proxies. The Royal Canadian Mounted Police said it took the extraordinary step of talking publicly about ongoing investigations because of threats to public safety.

Persons: Amit Shah, David Morrison, ” Morrison, Morrison, Shah’s, Justin Trudeau, Hardeep Singh Nijjar, Ottawa didn’t, Shah, Vikash Yadav, Nathalie Drouin, Lawrence Bishnoi, Bishnoi, Drouin, Ajit Doval, Mike Duheme Organizations: Ontario AP, Canadian, Indian, Foreign, Washington Post, Sikh, United States Justice Department, Justice Department, Royal Canadian Mounted Police Locations: Ottawa, Ontario, Canada, British Columbia, New York City, York, India, United States, New Delhi, Singapore, Surrey, An Indian

You’ve probably heard a lot about the gender gap in presidential politics by now. And this most of all: In modern presidential politics, the gender gap has never been wider, but it gets particularly large when we break out gender by educational attainment. KerrY Bush Obama McCain Obama Romney Clinton Trump Biden Trump Harris Trump +40 Dem. KerrY Bush Obama McCain Obama Romney Clinton Trump Biden Trump Harris Trump +40 Dem. The story of this election could well be the gender gap between those Americans who went to college and those who didn’t.

Persons: You’ve, Donald Trump, Kamala Harris, Harris, Trump, KerrY Bush Obama McCain Obama Romney Clinton Trump Biden, KerrY Bush Obama McCain Obama Romney Clinton Trump Biden Trump Harris, Joe Biden, Hillary Clinton’s, —, Trump’s, JD Vance, ”, Vance, Biden, Ronald Reagan, Reagan, Joe Rogan’s, Joe Rogan, Brené Brown, Wade, Joe Biden’s, Amanda Iovino, Glenn Youngkin’s Organizations: Trump, Harris, women, Pew, Mr, Pew Research, Facebook, Democratic, Pew Research Center, KerrY Bush Obama McCain Obama Romney Clinton Trump Biden Trump, KerrY Bush Obama McCain Obama Romney Clinton Trump Biden Trump Harris Trump, ., Election, Republicans, Republican Party, Democratic Party, America, Lake Research Partners, Democratic National Committee, WPA Intelligence, Republican, Republican National Convention, Democratic National Convention, YouTube Locations: American, New York, Roe

☆ Trump’s plan to radically remake government with RFK Jr. and Elon Musk
▼ + stars: | 2024-10-30 | by ( Zachary B. Wolf | ) edition.cnn.com time to read: +9 min

‘Go wild’ with RFK Jr.Trump has promised to give Kennedy leeway to remake the way the government health apparatus protects Americans. Robert F. Kennedy Jr. and former President Donald Trump shake hands during a campaign rally at Desert Diamond Arena on August 23, 2024, in Glendale, Arizona. Both Trump and Kennedy have expressed vaccine skepticism, and Kennedy has been a longtime activist pushing debunked theories about vaccines. In a potential new Trump administration, Musk promises a reinvention of the federal bureaucracy. “Let’s start from scratch,” Musk said at an event in October in Pittsburgh, suggesting a drastic remaking of the federal bureacracy.

Persons: Donald Trump, Robert F, Kennedy Jr, “, Trump, Kennedy, “ I’m, ” Trump, Anne Frank, Rebecca Noble, we’ve, ” Kennedy, Aaron Pellish, Trump’s, “ Trump’s, CNN’s Meg Tirell, Musk, It’s, Musk’s, ” Musk, Elon Musk, Dave McCormick, Michael Swensen, CNN’s David Goldman, “ Musk, ” Goldman, Larry Summer, ” Summers, Summers, Mike Johnson, ”, ” Johnson, Kamala Harris, Johnson Organizations: CNN, Trump, Elon, RFK Jr, Madison, PAC, New York Times, Desert Diamond Arena, HHS, Department of Health, Human Services, CDC, Centers, Disease Control, FDA, Food, Drug Administration, National Institutes of Health, USDA, Department of Agriculture, SpaceX, Tesla, “ Department, Government, Fox News, Congressional, Social Security, Republicans, Health Locations: Nazi Germany, Glendale , Arizona, Pittsburgh, Pennsylvania, White

☆ ‘There are no guardrails.’ This mom believes an AI chatbot is responsible for her son’s suicide
▼ + stars: | 2024-10-30 | by ( Clare Duffy | ) edition.cnn.com time to read: +9 min

Globally: The International Association for Suicide Prevention and Befrienders Worldwide have contact information for crisis centers around the world. Garcia believes Character.AI is responsible for the death of her 14-year-old son, Sewell Setzer III, who died by suicide in February, according to a lawsuit she filed against the company last week. When Garcia first heard he was interacting with an AI chatbot, she said she thought it was something like a video game. However, within months of starting to use the platform, Setzer became “noticeably withdrawn, spent more and more time alone in his bedroom, and began suffering from low self-esteem. “There were no suicide pop-up boxes that said, ‘If you need help, please call the suicide crisis hotline.’ None of that,” she said.

Persons: Megan Garcia, Garcia, Character.AI, Sewell Setzer III, Setzer, “, ” Garcia, ” –, Character.AI's chatbots, chatbot Setzer, she, ” “, ”, Gabby Jones, I’m, That’s, ” Setzer, Matthew Bergman, Bergman, Sewell, Noam Shazeer, Daniel De Freitas, weren’t Organizations: New, New York CNN, International Association for Suicide Prevention, Befrienders, CNN, Trust, Safety, Prevention, Junior Varsity, Bloomberg, Getty, Character.AI, Social Media, Law Center, Meta, Google, Apple Locations: New York, Florida, Brooklyn , New York

☆ We're hiking our GEHC price target, looking beyond a mixed quarter to next year's catalysts
▼ + stars: | 2024-10-30 | by ( Zev Fima | ) www.cnbc.com time to read: +9 min

Organic revenue growth of 1% matched expectations. Management raised the midpoint of full-year earnings guidance despite the continued in weakness in China that has been hampering top-line organic growth. Bottom Line Results were mixed, but it comes as no surprise that the quarter was negatively impacted by weakness in China. The team continues to deliver for customers and we've seen PDx reports seven quarters of high-single-digit or double-digit organic revenue growth." Pharmaceutical Diagnostics (PDx) segment — used in radiology and nuclear medicine to deliver more precise diagnoses — was particularly strong, delivering segment revenue growth of 7% organically.

Persons: Peter Arduini, Arduini, We're, James Saccaro, Saccaro, GEHC, Jim Cramer's, Jim Cramer, Jim, Martin Schutt Organizations: GE Healthcare, Revenue, LSEG, Management, Pharmaceutical Diagnostics, General Electric, Philips, Siemens, U.S . Food, Drug Administration, GE Healthcare's, Care Solutions, CNBC, Getty Locations: China, U.S, Jena , Germany

☆ The US is in a technological arms race with China, Air Force secretary says, and AI could decide who wins
▼ + stars: | 2024-10-30 | by ( Chris Panella | ) www.businessinsider.com time to read: +6 min

The focus on advanced technologies has put the two countries into a different kind of arms race. The US Air Force secretary suggested that AI could be decisive in future warfare. On Tuesday, Air Force Secretary Frank Kendall said China has been effectively modernizing the People's Liberation Army, fielding systems with the intent of challenging US forces, especially its high-value combat assets like carriers and satellites. China has built up its Rocket Force, developing capabilities that put US military assets at military bases and airfields across the Indo-Pacific within striking range. The Air Force secretary said that he doesn't think people who say that AI is "going to determine who's the winner in the next battlefield" are "all that far off."

Persons: —, Frank Kendall, Kendall, Xi Jinping, Sarah Weinstein, Giancarlo Casem Organizations: US Air Force, Service, Air Force, People's Liberation Army, Microelectronics, National Semiconductor Technology, PLA, Eastern Theater Command, Weibo, Department of Defense, Rocket Force, Navy, DARPA, USAF, Marines Locations: China, Taiwan, Beijing, Ukraine

☆ Dropbox slashes 20% of global workforce, eliminating more than 500 roles
▼ + stars: | 2024-10-30 | by ( Hayden Field | ) www.cnbc.com time to read: +1 min

Drew Houston, Dropbox Co-Founder and CEO, speaking at CNBC's @Work conference in San Francisco on November 4, 2019. Dropbox is laying off 20% of its global workforce, the equivalent of 528 roles, CEO Drew Houston announced Wednesday in a note to staff. The company is in a "transitional period" as its file sync and share business and its Dash artificial-intelligence search feature mature, Houston wrote. Dropbox will be making cuts to the parts of its business where the company is "over-invested or underperforming" while working toward a "flatter, more efficient" team structure, Houston wrote. "We continue to see softening demand and macro headwinds in our core business," Houston wrote.

Persons: Drew Houston, Dropbox, Houston, We've Organizations: Big Tech Locations: San Francisco

☆ Jim Cramer says CEOs must properly explain the bad news in every quarter
▼ + stars: | 2024-10-30 | by ( Julie Coleman | ) www.cnbc.com time to read: +2 min

CNBC's Jim Cramer on Wednesday discussed the tricky nature of bad quarters, saying management needs to explain and not gloss over any misses or poor results. Cramer said every earnings shortfall is "nuanced beyond belief," with some more difficult for Wall Street to parse than others. The company, which had been seeing success with its popular weight loss and diabetes drugs, failed to properly explain its shortfall, Cramer said. And while management from Wingstop highlighted the bright spots of the quarter, they largely did not acknowledge the earnings miss, he continued. AMD, Eli Lilly and Wingstop did not immediately respond to request for comment.

Persons: CNBC's Jim Cramer, Cramer, Eli Lilly, Wingstop, Wednesday's, Eli Lilly's Organizations: Investors, AMD, Nvidia, Wingstop

CNN has reached out to Terada for comment on the R-FBI’s role in Russian disinformation efforts, and ties to the state. Storm-1516 and R-FBI network members have spread at least 54 different disinformation narratives online since August 2023, according to Clemson and CNN’s analysis. “Does anyone believe that an American would be the spearhead of what some call the biggest Russian Disinformation operation since the cold war? TelegramAnother prominent figure in propagating Russian disinformation is American Tara Reade, a former Senate staffer who in 2020 accused then-presidential candidate Joe Biden of sexual harassment. The links between Terada’s group and other Russian disinformation efforts are at best opaque, which is likely no accident.

Persons: –, Yevgeny Prigozhin, Wagner, Mira Terada, Kamala Harris, Tim Walz, Harris, Walz, Morgan Finkelstein, “ Vladimir Putin, Donald Trump, Trump, ”, Win McNamee, ” Darren Linvill, Patrick Warren, “, Biden, Warren, Kamala, Influencers, John Mark Dougan, Dougan, he’s, Andrew Harnik, MAGA, IMbaMm8YVF, Darren Linvill, Linvill, ” Clemson, Maxim Shugaley, Terada, Vladimir Putin’s “, ” Prigozhin, Konstantin Pridybaylo, Ruslan Ostashko, Colin Gerard, Gerard, Alexander Dugin, picturing, Tara Reade, Joe Biden, Reade, ” Chay Bowes, Simeon Boikov, podcaster, Bowes, ” Warren, Sean Lyngaas, influencers Organizations: CNN, Clemson University’s, Russian Foundation, FBI, Storm, Democratic, Minnesota Gov, Clemson, Getty, NBC, Wired, Prigozhin’s, Internet Research Agency, Miami Chronicle, Boston Times, DC, IRA, Russian, Gov, National Intelligence, US State Department, Minnesota, Apple, Trump, Infrastructure Security Agency, ’, Federal Bureau, Investigation, Kremlin, Wagner Group, US Justice Department, ANO Dialog, BRICS Journalists Association, Washington Post, Center, Forensics Locations: Russian, Ukraine, West, San Francisco, Zambia, Savannah , Georgia, ”, “, American, Zambian, St . Petersburg, Florida, Moscow, Russia, Kazakhstan, Minnesota, Philadelphia , Pennsylvania, Bucks County , Pennsylvania, Bucks County ,, French, Irish, Sydney, European

☆ Bringing manufacturing back to the US is a $10 trillion opportunity for the economy, Morgan Stanley says
▼ + stars: | 2024-10-30 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +4 min

Morgan Stanley estimated that bringing manufacturing back to the US could add $10 trillion to the economy. The bank pointed to a 20-year stagnation of the industrial economy as production was sent offshore. AdvertisementThe US economy could unlock trillions in value over the next decade if more manufacturing activity comes back to the US, according to Morgan Stanley. The Biden administration, meanwhile, has poured billions into its push to increase chip production in the US and boost the manufacturing and industrial sectors. The cumulative effects could be "pretty profound" across the US economy, Snyder said, with the boost to industry and manufacturing bound to raise GDP.

Persons: Morgan Stanley, —, Chris Snyder, Snyder, Morgan Stanley's, Trump, Biden Organizations: Service, Biden, of Supply Management, Commerce Department, Economic

☆ Even Mark Zuckerberg seems surprised by Meta's pace of spending on AI
▼ + stars: | 2024-10-30 | by ( Jonathan Vanian | In | ) www.cnbc.com time to read: +1 min

Mark Zuckerberg, CEO of Meta Platforms Inc., arrives for the Meta Connect event in Menlo Park, California, on Sept. 25, 2024. Meta has been so quick to build out its massive data center and computing infrastructure for artificial intelligence projects that CEO Mark Zuckerberg is even a bit surprised. In a call with analysts on Wednesday after Meta's third-quarter earnings report, Zuckerberg explained to investors how Meta's rising costs for the year are tied to the speed at which employees are able to get data centers, servers and chips for AI up and running. Meta raised the low end of its capital expenditures guidance for 2024 to $38 billion from $37 billion. "That execution makes me somewhat more optimistic that we're going to be able to keep on building this out at a good pace."

Persons: Mark Zuckerberg, Meta, Zuckerberg, we've Organizations: Meta, Inc Locations: Menlo Park , California

☆ Microsoft CFO says OpenAI investment will cut into profit this quarter
▼ + stars: | 2024-10-30 | by ( Jordan Novet | ) www.cnbc.com time to read: +3 min

Microsoft 's massive investment in OpenAI is weighing on earnings. The accounting approach refers to a company's share of the invested company's profit or loss in a given period, a Microsoft spokesperson said. The OpenAI investment disclosure was new for Microsoft, but the company has registered over $2.3 billion in other expense in the past four quarters. On the earnings call, Microsoft CEO Satya Nadella said the collaboration with OpenAI has benefited both parties and that the company feels good about "our investment stake in OpenAI." WATCH: Oppenheimer downgrades Microsoft: OpenAI losses are not properly priced in

Persons: Satya Nadella, Sam Altman, Amy Hood, OpenAI, Hood, Microsoft's, OpenAI's, OpenAI didn't, Oppenheimer Organizations: Microsoft, Google, OpenAI Locations: San Francisco, OpenAI

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