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☆ Coca-Cola causes controversy with AI-made ad
▼ + stars: | 2024-11-18 | by ( Bruna Horvath | Bruna Horvath Is An Intern On Nbc News' Tech Team. | ) www.nbcnews.com time to read: +4 min

Forbes reported that the video was created by three AI studios — Secret Level, Silverside AI and Wild Card — using four different generative AI models. In a statement, a Coca-Cola spokesperson said, "The Coca-Cola Company has celebrated a long history of capturing the magic of the holidays in content, film, events and retail activations for decades around the globe. Coca-Cola will always remain dedicated to creating the highest level of work at the intersection of human creativity and technology." This isn’t the first time that Coca-Cola has used AI technology in its marketing strategies and programs. Tim DeStefano, a research professor at Georgetown University McDonough School of Business, told NBC News that using AI technology means a significant drop in the price of creating commercials.

Persons: Chris Barber, Alex Hirsch, ”, it’s, OpenAI, Neeraj Arora, ” Arora, Coke, Tim DeStefano, ” DeStefano Organizations: Forbes, Disney, Cola Company, University of Wisconsin, Georgetown University McDonough School of Business, NBC News Locations: Madison

☆ A product manager shares the résumé that got him a $300,000 job at Amazon — and 3 regrets about it, including writing that sounds 'very pompous'
▼ + stars: | 2024-11-18 | by ( Shubhangi Goel | ) www.businessinsider.com time to read: +4 min

AdvertisementSiddharth Kashiramka joined Amazon in 2022 as a product manager for AI projects. He worked as a product manager at Capital One and was previously a consultant at PwC. Show variety: Throughout the résumé, Kashiramka used a range of keywords, including "leveraged," "delivered," "established," and "collaborated." One page résumé: "I think the résumé should be one page," he said about keeping the document short. Kashiramka is a senior product manager at Amazon's office in Crystal City, Virginia.

Persons: Siddharth Kashiramka, Alicia Tillman, Kashiramka Organizations: Amazon, Capital, Big Tech, ATS, Meta, Google, PwC, Business Locations: Virginia, Seattle, Crystal City , Virginia

☆ Pruna compresses AI models to make them more efficient. Check out the pitch deck the startup used to raise $6.5 million.
▼ + stars: | 2024-11-18 | by ( Riddhi Kanetkar | ) www.businessinsider.com time to read: +2 min

AdvertisementPruna AI has secured $6.5 million from EQT Ventures to compress AI models. Paris and Munich-based software startup Pruna AI has secured $6.5 million from EQT Ventures. The startup has developed an optimization tool for compressing AI models so that they require less compute and energy. The startup's customers are midsize to large companies with their own AI models that can rake in huge compute bills. As a result, Charpentier found that there was appetite from investors looking to make AI cheaper and more sustainable.

Persons: Bertrand Charpentier, Charpentier, Carl Svantesson, Roxanne Varza, Hervé Nivon, Olivier Pomel Organizations: EQT Ventures, BI, Paris Locations: Munich, Paris, Daphni

☆ 'Red One' made $34 million on a $250 million budget in its first weekend. That sounds bad — but Amazon MGM never planned to make its profit in theaters.
▼ + stars: | 2024-11-18 | by ( Ayomikun Adekaiyero | ) www.businessinsider.com time to read: +5 min

How it performs on Amazon Prime Video matters more. But media experts told Business Insider that Amazon MGM could still profit from "Red One" and likely won't view it as a failure. Amazon MGM hopes the theatrical release will generate buzz for the film before it lands on Amazon Prime Video, Variety reported on Sunday. Frank Masi / Frank Masi / Prime"Red One" was initially going to premiere on Amazon Prime Video, but Amazon MGM later pivoted to a theatrical release. And if audiences think "Red One" will come to Amazon Prime Video during Christmas, they may choose "Wicked," "Moana 2," and "Gladiator 2" instead.

Persons: Chris Evans, Dwayne Johnson, Lucy Liu, —, Bob Marley, Rob Mitchell, Variety, Matthias Frey, Johnson, Frey, Hivju, Callum, Frank Masi, Kevin Wilson, We're, that's, Jezz Vernon, Paul Mescal, Lucius, Aidan Monaghan, Paramount Pictures Mitchell Organizations: Amazon Prime, Pole, MGM, Gower, Analytics, Intelligence, Department of Media, Culture, Creative Industries, City , University of London, Variety, Netflix, Amazon MGM, University of Exeter, Paramount Pictures Locations: North America, London, UK

☆ Apple exec explains the company's 'secret weapon' when making its own chips
▼ + stars: | 2024-11-18 | by ( Sarah Jackson | ) www.businessinsider.com time to read: +3 min

AdvertisementApple has increasingly used its own silicon chips in its devices in recent years. Apple says it has a "secret weapon" in its approach to making the chips that power many of its devices. The company also benefits from making chips strictly for its own use rather than being a traditional chip-maker that sells to other companies, Millet said. Apple's newest Macs are based on Apple's latest silicon chips, the M4 line. AdvertisementMillet said Apple silicon takes advantage of "three major components, the architecture, the design, and the process technology."

Persons: Apple execs, Apple's, Apple, Don McGuire Tim Millet, Tom Boger, Boger, Millet, Tim Cook, Biden's, TSMC Organizations: Apple, Indian Express, Mac, Qualcomm, Intel, Imagination Technologies, M4, BI Locations: Arizona, Phoenix , Arizona

☆ Google Gemini gets Marc Benioff's stamp of approval
▼ + stars: | 2024-11-18 | by ( Lloyd Lee | ) www.businessinsider.com time to read: +3 min

His latest fascination is Google's Gemini Live, an AI voice assistant. Marc Benioff gave Google's AI voice assistant, Gemini Live, his stamp of approval. "Just downloaded Gemini Live, and I'm absolutely blown away," he wrote in an X post on Sunday. Google released a smartphone app for Gemini Live on Apple's App Store on Thursday, just a few months after the virtual assistant was made free for users. We already have that live," Benioff said.

Persons: Marc Benioff, Benioff, Sundar Pichai, Copilot, Insider's Ashley Stewart, OpenAI's ChatGPT, ChatGPT's, Axios, Jensen Huang, David Sacks Organizations: Gemini, Microsoft, Google, Apple, Apple Intelligence, Business, BI, Pacific, Nvidia Locations: Francisco

☆ Rodrigo Bentancur: Tottenham Hotspur star banned for seven games over comment about teammate Son Heung-min
▼ + stars: | 2024-11-18 | by ( George Ramsay | ) edition.cnn.com time to read: +2 min

CNN —Tottenham Hotspur player Rodrigo Bentancur has been given a seven-match domestic suspension and fined around $126,000 (£100,000) for a comment he made in an interview about teammate Son Heung-min. According to the FA, the midfielder acted in “an improper manner and/or used abusive and/or insulting words and/or brought the game into disrepute” with the comment, which was judged to be an “aggravated breach” of FA regulations because it made reference to Son’s ethnicity. In June, soon after the video clip was circulated online, Son said that Bentancur had apologized for making a “mistake,” adding that his teammate “would not mean to ever intentionally say something offensive. He will be eligible to play again against Nottingham Forest on December 26, as well as in Europa League games. The 27-year-old has made 14 appearances for Tottenham this season, scoring in the club’s 2-1 defeat against Ipswich on November 10.

Persons: Rodrigo Bentancur, Son Heung, Rafa Cotelo, Bentancur, … I’ve, ”, Son, “, ” Tottenham Organizations: CNN — Tottenham Hotspur, English Football Association, Uruguayan, South Korean, YouTube, ” CNN, Tottenham, Manchester City, Nottingham Forest, Europa League, Ipswich

☆ What is impoundment? How Trump thinks he can control spending without Congress
▼ + stars: | 2024-11-18 | by ( Zachary B. Wolf | ) edition.cnn.com time to read: +6 min

CNN —“Impoundment” is another word that Americans may need to learn in the vernacular of President-elect Donald Trump’s second term. Trump took the time to record a video about impoundment during the Republican primary season, and he promised seizing control over spending from Congress would be a top priority if he was elected. Impoundment occurs when Congress appropriates money that the president then declines to spend. As a result of these standoffs, Congress passed a law to curtail a president’s use of impoundment, particularly for policy reasons. The Impoundment Control Act of 1974 did a lot more than that, however.

Persons: Donald Trump’s, ”, Trump, Thomas Jefferson, Richard Nixon, Nixon, Volodymyr Zelensky, Joe Biden, Trump’s, “, Vivek Ramaswamy, Elon Musk, DOGE –, Ramaswamy, ” Ramaswamy, Matt Gaetz, Jimmy Carter, It’s Organizations: CNN, Senate, Republican, Congress, Congressional Research Service, Office, Capitol, Supreme, overreach, Elon, “ Department, Government, Alcohol, Tobacco, Firearms, Explosives, Ramaswamy, Department of Education, Nuclear Regulatory, Trump, FBI Locations: Mississippi, Louisiana, France, Ukraine, Trump’s, Ohio, Washington

Artificial Intelligence is reshaping the job application process, simplifying some aspects — and creating new potential frictions in others. As the use of AI in hiring and applying increases, many job seekers are having to go to extra lengths to stand out. Using the tools, job seekers can save hundreds of hours — and apply to up to thousands of jobs a day, according to the services. A premium membership starts at $38 a month, according to the website — a cost AI Apply notes is much lower and more accessible than the cost of a career counselor. But job seekers are not the only party using AI in the application process, according to a recent University of Washington study.

Persons: Jeff, ” Maddie Macho, Chantal Cowie, ”, Cowie, Teal, Claude, ” Cowie, “, Aidan Cramer, Watchdogs, Cramer, ” Cramer, we’ve, OfferGoose, Mike Peditto, Ruth Edwards, “ It’s, ” Edwards, Peditto, it’s Organizations: Gemini, NBC News, of Washington, Fortune, Pew, ” Boston, New, Tiger Locations: Boston, New York

☆ Stock futures open little changed as traders await Nvidia earnings: Live updates
▼ + stars: | 2024-11-17 | by ( Pia Singh | ) www.cnbc.com time to read: +2 min

Traders work on the floor of the New York Stock Exchange during the opening bell on Nov. 13, 2024. Stock futures were slightly higher on Sunday night as Wall Street awaits a major earnings week and monitors a seemingly fizzled out postelection rally. S&P futures added 0.1%, while Nasdaq 100 futures gained 0.2%. The next major catalyst for the market this week will be Nvidia earnings, which are set to be released on Wednesday. Earnings from Palo Alto Networks and several major retailers, including Walmart , Target and Ross , are also on deck this week.

Persons: Donald Trump's, Jerome Powell, selloff, FactSet's John Butters Organizations: New York Stock Exchange, Stock, Dow Jones, Nasdaq, Federal, Traders, Blackwell, Palo Alto Networks, Walmart, Target Locations: 18.680.12, Palo

☆ How a viral, duct-taped banana came to be worth $1 million
▼ + stars: | 2024-11-17 | by ( ) www.cnbc.com time to read: +4 min

But a banana duct-taped to a wall? That might sell for more than $1 million at an upcoming auction at Sotheby's in New York. The yellow banana fixed to the white wall with silver duct tape is a work entitled "Comedian," by Italian artist Maurizio Cattelan. Now, the conceptual artwork has an estimated value of between $1 million and $1.5 million at Sotheby's auction on Nov. 20. When asked to compare Cattelan's banana to a classic like Monet's "Nymphéas," Galperin says impressionism was not considered art when the movement began.

Persons: Maurizio Cattelan, David Datuna, David Galperin, Galperin, Sotheby's, Cattelan, Chloé Cooper Jones, Cooper Jones, Claude Monet Organizations: Art Basel Miami Beach, Columbia University School of, Arts Locations: Miami Beach , Florida, Sotheby's, New York, Italian, Selfie, Miami

☆ 4 signs of re-inflation investors should watch out for, Charles Schwab says
▼ + stars: | 2024-11-17 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +7 min

AdvertisementInflation's downtrend may not be as straightforward as some investors think, according to Charles Schwab. Immigration reform could mean higher labor costs," the note added. Labor costs risingLabor costs have accelerated in recent months, with unit labor costs among all workers in the business sector rising to 3.4% year-over-year in the third quarter, according to Federal Reserve data. Markets are beginning to dial back expectations for further rate cuts in response to inflation concerns," Schwab strategists said. Charles Schwab, Citi Economic Surprise Index"Stronger growth suggests that the Fed may not lower short-term rates as much as anticipated just a few months ago.

Persons: Charles Schwab, Donald Trump, Trump, Schwab, It's Organizations: Trump, Bureau of Labor Statistics, Labor, Federal Reserve, Unit, Bloomberg, Treasury, Business, Citi

☆ 5 things we're watching in the stock market in the week ahead
▼ + stars: | 2024-11-17 | by ( Zev Fima | ) www.cnbc.com time to read: +10 min

October retail sales, released Friday morning, came in slightly ahead of expectations, indicating a 0.4% monthly increase, versus a 0.3% increase expected. Disney's reported strong earnings and its stock advanced more than 16% for the week as a result. In the week ahead, we will get earnings from three Club names, including the highly anticipated quarter from Nvidia, and a couple of housing market-related updates. The Street is looking for Nvidia sales of $33.1 billion in its fiscal Q3 and earnings of 75 cents per share. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.

Persons: Donald Trump, Friday's, Jerome Powell, Powell, That's, YTD We're, we're, Jensen, Trump, Nvidia's, Stanley Black, Decker, Jim Cramer's, Jim Cramer, Jim, Angela Weiss Organizations: Dow, Nasdaq, Federal, Fed, Disney, Depot, Nvidia, TJX Companies, Home Goods, Blackwell, Palo Alto Networks, Home Depot, Stanley, Walmart, Viking Holdings, Sonoma, WSM, Baidu, PDD Holdings, Deere & Co, Warner Music Group, Intuit, Ross Stores, CNBC, Traders, New York Stock Exchange, AFP, Getty Locations: Maxx, U.S, China, Palo, VIK, Williams, New York City

☆ How Elon Musk's Department of Government Efficiency could actually work
▼ + stars: | 2024-11-16 | by ( Alice Tecotzky | Katie Balevic | ) www.businessinsider.com time to read: +10 min

Trump has flirted with changing budget laws, but experts told BI that could cause a massive fight. Despite its name, the DOGE will not actually be a government department, as departments are permanent and can only be created by Congress. "The Department of Government Efficiency (DOGE) will ultimately be staffed and dedicated to this mission," Brian Hughes, a spokesperson for Trump's transition team, told BI in a statement. "It just doesn't work, unless you decide to start cutting Social Security benefits or Medicare, at which point all hell breaks loose," she told BI. Trump, Musk, and Ramaswamy may try to circumvent the congressional obstacles standing in the way of their cost-cutting agenda.

Persons: Trump, Donald Trump, Elon Musk, Musk, Vivek Ramaswamy, Ramaswamy, Jim WATSON, Musk's, Elaine Kamarck, Bill Clinton, Kamarck, Brian Hughes, Barney Frank, Douglas Holtz, it's, Lisa Gilbert, Holtz, Eakin, he'll, they're, Gilbert, Brandon Bell, It's, aren't Organizations: Government, Wednesday, Department of Government, GOP, Trump, Brookings Institute, Social Security, Department, Government Efficiency, Congressional, Office, Management, Public Citizen, White, Bloomberg, SpaceX

☆ 15 Thanksgiving sides you can make in a slow cooker
▼ + stars: | 2024-11-16 | by ( Erin Mcdowell | ) www.businessinsider.com time to read: +1 min

AdvertisementA slow cooker or Crock-Pot can be an essential tool for making your Thanksgiving dinner. From stuffing to cranberry sauce, slow cookers can help you make classic Thanksgiving side dishes. Everyone knows that when it comes to Thanksgiving food, the sides are arguably the standouts. Slow cookers can help you make several easy Thanksgiving side dishes, from stuffing to cranberry sauce and delicious dips. Here are 15 Thanksgiving sides you can make in a slow cooker.

Persons: LendingTree Locations: Turkey

☆ I left Google and am 100x happier in my new role as a freelancer — I've earned over $1 million in the last 5 years.
▼ + stars: | 2024-11-16 | by ( Robin Madell | ) www.businessinsider.com time to read: +5 min

AdvertisementRandy McCabe left Google, and now he has earned over $1 million in five years on Fiverr. This as-told-to essay is based on a conversation with Randy McCabe, a 36-year-old freelancer, digital marketing agency owner, and former Google employee from Seattle. I found a new job, then I gradually started taking freelance digital marketing gigs on the side and later created my digital marketing agency. AdvertisementWorking for companies stressed me outAfter Google, I joined the cybersecurity startup Skybox Security as a digital marketing manager. One of the toughest challenges in transitioning from corporate to freelance work was the uncertainty of not having a guaranteed monthly paycheck.

Persons: Randy McCabe, McCabe, It's, I've, Fiverr, I'd, COVID, I'm, Tess Martinelli Organizations: Google, Fiverr, Agency, Big Tech Locations: Seattle, Skybox, tmartinelli

Below, I rounded up the best early Black Friday deals of 2024 from some of our favorite retailers, like Amazon, Target, Walmart, Home Depot and REI. SKIP AHEAD Best early Black Friday deals | More early Black Friday sales | How I picked the best early Black Friday deals | Why trust NBC Select? Best early Black Friday deals of 2024To find the best early Black Friday deals, I combed through dozens of discounts across retailers. Best early Black Friday salesHere are the best early Black Friday sales to know about. How I found the best early Black Friday dealsAll of my recommendations above are based on NBC Select’s previous coverage and reporting.

Persons: I’ve, I’ll, Siri, It’s, TikTok Organizations: Black, NBC, Target, Walmart, Home, Alexa, Garmin, Amazon, beechwood, Wellness, Facebook, Twitter Locations: REI, Samsonite, grippy

The Texas Supreme Court has ruled against lawmakers who used their subpoena power to halt the execution of a death row inmate for his daughter’s “shaken baby” death, paving the way for it to proceed. "Categorically prioritizing a legislative subpoena over a scheduled execution, in other words, would become a potent legal tool that could be wielded not just to obtain necessary testimony but to forestall an execution," the Texas Supreme Court said in its ruling Friday. But the Office of the Attorney General quickly appealed the subpoena, which was supported by a district court judge's temporary injunction that halted Roberson's execution. After the state's highest criminal court agreed with the attorney general's office, allowing Roberson's execution to continue, lawmakers then petitioned their case to the Texas Supreme Court. "Given the overwhelming new evidence of innocence, we ask the State of Texas to refrain from setting a new execution date."

Persons: Robert Roberson, Nikki, Roberson, Joe Moody, Jeff Leach, Moody, Leach, Ken Paxton, Nikki's, Gretchen Sween, Robert, Sween Organizations: Texas Supreme, Committee, Democrat, Republican, of Locations: Texas, U.S, Nikki's, Houston, Austin, of Texas

☆ Xi Jinping opens huge port in Peru funded by China
▼ + stars: | 2024-11-15 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms | ) www.nbcnews.com time to read: +4 min

LIMA, Peru — Chinese President Xi Jinping launched a weeklong diplomatic blitz of South America on Thursday by inaugurating a massive deep-water port in Peru, a $1.3 billion investment by Beijing as it seeks to expand trade and influence on the continent. Cranes at the Chancay megaport are seen behind a neighborhood in Chancay, Peru, last month. The rail project is estimated to cost $3.5 billion, according to Mario de las Casas, corporate affairs manager at Cosco Shipping Chancay Peru. Robert Evan Ellis, Latin America research professor at the U.S. Army War College, said that Chancay will make shipping between Latin America and China more efficient. China has overtaken the United States to become the largest trading partner of countries such as Peru.

Persons: Xi Jinping, Xi, Dina Boluarte, Chancay, Chris Bouroncle, Mario Ocharan, Mario de las, Trump, Robert Evan Ellis, “, ” Ellis, Laura Richardson Organizations: Economic Cooperation, Initiative, Getty, El, Cosco Shipping, Chamber of Commerce, Mario de las Casas, U.S . Army, College, U.S . Southern Command, Global Times Locations: LIMA, Peru, South America, Beijing, America, Asia, Lima, Rio de Janeiro, Brazil, Peruvian, Chancay, AFP, China, Latin America, Cosco Shipping Chancay Peru, Europe, Washington, United States, China’s

☆ CNBC Daily Open: Powell’s comments drag investors down to earth from postelection high
▼ + stars: | 2024-11-15 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

Shelby Tauber | Bloomberg | Getty ImagesThis report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. What you need to know todayThe bottom lineAfter enjoying the postelection rally, investors are turning their attention to issues like inflation and interest rates again. Powell added that the Fed doesn't need to be "in a hurry to lower rates" because the of "the strength we are currently seeing in the economy." For investors who were riding high on the postelection rally and are now descending to earth, their landing sure feels like a bumpy one.

Persons: Jerome Powell, Shelby Tauber, Powell, Rick Rieder, Rieder, —, Jeff Cox, Brian Evans, Sarah Min Organizations: US Federal Reserve, Fair, Bloomberg, Getty, CNBC, Consumer, Dow Jones, Nasdaq Locations: Dallas , Texas, U.S

☆ I'm a Microsoft manager. AI reduced my time spent on coding by 70%, but that doesn't mean I work any less overall.
▼ + stars: | 2024-11-15 | by ( Ana Altchek | ) www.businessinsider.com time to read: +5 min

AdvertisementA 37-year-old manager at Microsoft says AI has changed his workflow. AI reduced his time spent on coding by 70%, and also cut time spent on reading and meetings, he says. Whatever time I'm getting back from leveraging AI, I'm using it for some other work. Once the developers start writing code for these projects and do the actual work, that's where we leverage AI. So that's why developers are using AI wherever they can to reduce their time, but they are using any time saved for other tasks or other features.

Persons: Santhosh Reddy, ChatGPT, Susanne Franz I've, I've, I'm, it's Organizations: Microsoft, Google Locations: OpenAI

☆ How we're thinking about Eli Lilly after Trump picked obesity-drug critic RFK Jr. to run HHS
▼ + stars: | 2024-11-15 | by ( Kevin Stankiewicz | ) www.cnbc.com time to read: +7 min

Shares of obesity drugmaker Eli Lilly fell more than 4% on Friday, extending a roughly 3% slide in Thursday's session. Ozempic is the posterchild of the fast-growing GLP-1 class, in which Novo Nordisk and Eli Lilly are currently the two dominant players. Bottom line Eli Lilly has been our favorite drug stock for years thanks to its stellar pipeline led by GLP-1s. But, at this point, Kennedy's nomination requires us to be more cautious on Eli Lilly in the near term. Eli Lilly and Company, Pharmaceutical company headquarters in Alcobendas, Madrid, Spain.

Persons: Eli Lilly, Donald Trump, Robert F, Kennedy Jr, Kentucky Sen, Rand Paul, Kennedy, Trump, Eli Lilly's, John F, Kennedy —, LLY, Eli Lilly's GLP, Jim Cramer, David Ricks, Lilly, It's, Jim, it's, Jim Cramer's, Cristina Arias Organizations: Republican, Department of Health, Human Services, HHS, and Drug Administration, Centers for Disease Control, Medicare, Medicaid, Senate, Democratic, GOP, Media, Novo Nordisk, Moderna, Pfizer, Deutsche Bank, GSK, White, CDC, Street Journal, GLP, Big Pharma, FDA, tirzepatide, CNBC, Company, Pharmaceutical Locations: Washington, Kentucky, Danish, U.S, Alcobendas, Madrid, Spain

☆ Why Home Depot made an $18.25 billion bet on the pro business
▼ + stars: | 2024-11-15 | by ( Melissa Repko | In Melissa-Repko | ) www.cnbc.com time to read: +7 min

In both of the past two quarters, Home Depot's revenue would have fallen year over year if SRS' sales were excluded. Melissa Repko | CNBCA jolt to the businessFor Home Depot, the expansion into the pro business comes at a challenging time. With housing turnover near its lowest in decades, the pro business has also felt pressure. Grom said Home Depot's growing pro business is what helps to attract investors and set it apart from its main competitor, Lowe's . The SRS deal and the focus on pro does not mean Home Depot is abandoning efforts to jolt the rest of its business.

Persons: Melissa Repko, Ted Decker, Decker, Dan Tinker, Joe Feldman, Chuck Grom, Gordon Haskett, Group's Feldman, it's, Grom, Tinker Organizations: Texas Pool Supply, CNBC, Depot, Home Depot, Telsey Advisory, Home, Federal Reserve, Lowe's Locations: Texas, CNBC PLANO , Texas, Dallas, Atlanta, Los Angeles, U.S

☆ A tough week for stocks may soon force us to act. Here's where we would look to buy first
▼ + stars: | 2024-11-15 | by ( Jeff Marks | ) www.cnbc.com time to read: +6 min

Markets sink: Stocks are taking it on the chin Friday, capping off a week in which the S & P 500 fell about 2%. Bright spots : The two best-performing S & P 500 sectors this week are financials and energy. Health care was far and away the worst-performing group in the S & P 500. Next week: There's 11 companies in the S & P 500 reporting next week. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER .

Persons: Jim Cramer, There's, Donald Trump's, Jerome Powell, Trump, –, Morgan Stanley, Wells Fargo, Robert F, Kennedy Jr, Eli Lilly, we'll, Stanley Black, Decker, Jim Cramer's, Jim Organizations: CNBC, Traders, – BlackRock, Energy, Coterra Energy, Disney, Department of Health, Human Services, pharma, Nvidia, Walmart, Viking Holdings, TJX Companies, Palo Alto Networks, Target, Williams, Club, BJ's, Ross Stores, Baidu, PDD Holdings, GE Healthcare, Jim Cramer's Charitable Locations: Wells Fargo, Sonoma, Snowflake, Palo Alto

☆ Dollar eyes weekly gain on slower Fed easing, inflation outlook
▼ + stars: | 2024-11-15 | by ( ) www.cnbc.com time to read: +4 min

The euro was in turn on track for its worst weekly performance in seven months with a fall of 1.75%. Sterling traded 0.02% lower at $1.2666 and was similarly set to lose 2% for the week, its worst weekly fall since January 2023. Higher trade tariffs and tighter immigration under President-elect Trump's incoming administration are projected to fuel inflation, potentially slowing the Fed's easing cycle longer term. The yen was last 0.2% lower at 156.57 per dollar, on track for a weekly decline of 2.5%. Elsewhere, the Australian dollar eased 0.06% to $0.6450 and was set to lose just over 2% for the week, its worst weekly performance in four months.

Persons: Donald Trump's, Sterling, Jerome Powell, Carol Kong, CBA's, bitcoin, Joshua Chu Organizations: Traders, Commonwealth Bank of Australia, U.S ., Treasury, New Zealand, Hong Kong Web3 Association Locations: U.S, CBA's Kong

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