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Nvidia might have to look outside of its artificial intelligence empire to acquire some key data center-related technologies, according to Susquehanna Financial Group. Analyst Christopher Rolland said Nvidia has "two glaring holes" for potential acquisition within optical and analog networking. Optical technologies in data centers have a variety of purposes such as supporting network traffic growth, transmitting and receiving optical signals in data centers, and offering cost and power savings while facilitating high-capacity data transmission. Analysts' average price target, per FactSet, suggests potential downside for Lumentum and Coherent given their recent stock run-ups. Rolland holds a positive rating on Nvidia shares with a $160 price target — higher than the average from analysts polled by FactSet, which implies more than 29% potential upside for the chip darling.
Persons: Christopher Rolland, Nvidia, Rolland Organizations: Nvidia, Susquehanna Financial Group, NVIDIA, Lumentum Holdings, Marvell Technology, Marvell, FactSet
The Chinese yuan has weakened sharply against the U.S. dollar in the last several weeks as the greenback strengthens and investors worry about China's economic growth. China's yuan hit its strongest level in over 16 months on Wednesday after Beijing unveiled a slate of stimulus measures to shore up the slowing economy on Tuesday. The Chinese offshore yuan strengthened briefly to 6.9946 per dollar, the strongest since May 2023. China's onshore yuan is currently trading at 7.0319 against the greenback, also holding at the strongest levels since last May. China bonds rallied after the PBOC announcement with 10-year and 30-year yields hitting record lows.
Persons: Ben Emons, Edmund Goh, Zerlina Zeng, CreditSights, Pan Gongsheng, Emons, Hong, — CNBC's Evelyn Cheng Organizations: U.S, Beijing, greenback, Fed Watch, BNP, U.S ., Asia Credit, People's Bank of China Gov, CSI Locations: China, abrdn, Hong Kong, London, Singapore, New York
The boost comes shortly after China introduced a swath of new stimulus measures to prop up its sluggish economy and boost domestic demand. AdvertisementThe new stimulus measures also boosted China's CSI 300 of Shanghai- and Shenzhen-listed shares, with the index closing 4.3% higher on Tuesday in its best day in four years. And the Stoxx Europe 600 index climbed as much as 0.9%, led by luxury stocks amid hopes that sluggish Chinese consumer spending will rebound. Yet, some analysts remain wary that China's stimulus measures won't have drastic enough impacts to actually rescue the country from its economic woes. AdvertisementIn recent months, China's economy has struggled to escape weak consumer sentiment and continues to face a struggling property sector.
Persons: , Yingrui Wang, Goldman Sachs Organizations: Service, Tencent Holdings, Alibaba, Holding, Business, CSI, US Federal Reserve, AXA Investment Locations: Hong Kong, China, Shanghai, Shenzhen, Europe
New York CNN —A year ago, Caroline Ellison was preparing to testify against her former boss and ex-boyfriend in one of the biggest fraud trials in US history. Ellison, who ran Alameda, pleaded guilty to seven federal counts of fraud and conspiracy shortly after FTX’s collapse. A jury last year convicted former crypto billionaire Sam Bankman-Fried on multiple counts of federal fraud and conspiracy. Over three days on the stand, Ellison, who is 29, repeatedly reinforced that throughout her years at Alameda, the buck stopped with Bankman-Fried. While sentencing is entirely up to Judge Kaplan’s discretion, legal experts say it’s highly unlikely Ellison will end up in prison.
Persons: CNN Business ’, Caroline Ellison, she’ll, FTX, Ellison, Sam Bankman, Lewis Kaplan, Ellison’s candor, Angela Weiss, “ Sam, , Dennis Kelleher, , Kaplan’s, Jordan Estes, Kramer Levin, Josh Naftalis, Kaplan, Pallas, Ryan Salame, Nishad Singh, Gary Wang Organizations: CNN Business, New York CNN, Alameda Research, Getty, Better, of, New, Bankman Locations: New York, Alameda, Bankman, of New York
Nissan announced that the 2025 Versa subcompact sedan will start at $17,190. It will be the cheapest new car on sale in the US and the only one to start under $20,000. The 2025 Versa comes standard with a 122-horsepower four-cylinder engine and a manual transmission. AdvertisementThe cheapest new car for sale in America is about to get more expensive. That's $500 more than before but still cheap enough to claim the title of cheapest new car on the market.
Persons: , Kia Forte Organizations: Nissan, Service, Mitsubishi, Business Locations: America
In the U.S. overall this year, a concerning, though not unprecedented, number of dengue, EEE and West Nile cases have been reported. “With climate change, we’re basically extending the mosquito season,” said Chantal Vogels, an assistant professor of epidemiology at the Yale School of Public Health. In the U.S., cases have outpaced those of West Nile virus, which is typically more prevalent. This year, Clark County, Nevada, has seen a particularly high number of West Nile cases: 23. “We consider New York state residents to be at risk for West Nile virus every summer,” she said.
Persons: Jennifer White, it’s, , ” Barbara Ferrer, Anthony Fauci, Chantal Vogels, Nirbhay Kumar, George Washington, , Vogels, Nile, White, Thomas Jaenisch, ” White Organizations: Angeles County Department of Public Health, U.S, National Institute of Allergy, Yale School of Public Health, U.S ., Centers for Disease Control, George Washington University’s Milken Institute School of Public Health, World Health Organization, WHO, Southern, Southern Nevada Health, New York State Department of Health, Colorado School of Public Health, Gulf Locations: New York, U.S, California, Los Angeles County, EEE, West, New Hampshire, Vermont, Arizona , California, Florida, Hawaii, Texas, Puerto Rico, U.S . Virgin Islands, Los Angeles, West Nile, Clark County , Nevada, Southern Nevada, Massachusetts, New Jersey, Rhode Island , Vermont, Wisconsin, Gulf Coast
Monthlong heat waves. AdvertisementLocal climate hazardsTo make predictions at a city level, Mackres said WRI built on global climate modeling done by hundreds of other researchers. World Resources InstituteIn Bengaluru, India's fifth-most-populous city, extreme heat has caused severe water shortages and surging energy demand. Now it ranks second behind San Francisco after a series of deadly heat waves prompted residents to install AC. If that demand is met with fossil fuels like oil, gas, and coal, it could exacerbate the climate crisis, WRI said.
Persons: WRI, Eric Mackres, Mackres, haven't Organizations: Service, World Resources Institute, Ross Center for Sustainable Cities, Resources, Bengaluru, US, San Locations: Saharan Africa, Latin America, Indonesia, Africa, Asia, Seattle, Rio de Janeiro, Johannesburg, Bengaluru, India, India's, Brazil, US Pacific Northwest, San Francisco, Tehran, Iran, Marrakech, Morocco
The second sign was that Nasrallah’s address – his first since two waves of attacks detonated thousands of Hezbollah wireless devices earlier this week – was very possibly pre-recorded. The leader of the powerful militant group has not delivered a speech in person since the start of Lebanon’s last all-out war with Israel in 2006. In his speech last month, for example, Nasrallah referenced two sonic booms caused by Israeli jets that had broken the sound barrier over Beirut. The roar reverberated throughout the city yet the Beirut-based militant leader neither flinched nor referenced the incident during his speech. Israel’s fighter jets seemed intent to underscore the gains of Tuesday and Wednesday’s attacks on Hezbollah’s wireless devices: the group had been driven deeper underground.
Persons: , Hassan Nasrallah, Nasrallah, , Mohamed Azakir, Reuters Nasrallah, “ We’ve, , group’s Organizations: Beirut CNN, , American University of, American University of Beirut Medical Center, Reuters, of Locations: Beirut, Israel, Lebanon, American University of Beirut, Gaza
CNN has attempted to reach BAC through the website that Gold Apollo gave to reporters. Later, the company told Gold Apollo it wished to make its own pagers and asked for the right to use its brand, he added. Taipei has no record of Gold Apollo pagers being shipped to Lebanon, the ministry said in a statement, adding it will continue to investigate. The logo of Taiwanese company Gold Apollo is seen outside its office in New Taipei City on September 18. Hsu founded Gold Apollo with 100 million New Taiwan dollars ($3.1 million) in capital in 1995, according to Taiwan’s corporate registry.
Persons: Hsu Ching, kuang, ” Hsu, “ I’ve, Apollo’s pagers, Hsu, Johnson Lai, Gold Apollo, Gold, , Yan Zhao, Hassan Nasrallah, pagers Organizations: New, Hong Kong CNN, New York Times, CNN, Consulting, BAC, Taiwan’s Ministry of Economic Affairs, Getty, Taiwan’s Commonwealth Magazine, FBI Locations: New Taipei City, Hong Kong, Lebanon, Israel, Taiwan, Europe, Budapest, United States, Australia, Taipei, AFP, Iran
Although I hit this financial milestone, there are some frugal habits that I will never give up:1. Thanks to that mindset, I'm still very cautious about my credit card usage. I always pay off the credit card balance every month to avoid paying additional interest. Ultimately, these frugal habits help us put our resources towards the things that matter the most to us. He was raised with frugal habits and by practicing wise money decisions, became a millionaire in his 30s.
Persons: , I'm, frugality, I've, Vue, Randy Pausch, Jonathan Sanchez Organizations: Parent Locations: Omaha
With iOS 18, Apple is bringing updates to a wide range of apps and features, including Mail, Photos, iMessage, and Apple Wallet. And while iOS 18 will eventually feature Apple Intelligence features for the iPhone 15 Pro and iPhone 16 lineup, you'll have to wait until October to see those features start rolling out. AdvertisementHere are some of the changes we're most excited about iOS 18. A new home screen designApple iOS 18 lets you customize your home screen wallpaper, app icons, and widgets. Apple Maps is becoming more hiker-friendlyApple Maps will have topographic maps with detailed trail networks and hiking routes with iOS 18.
Persons: , it's, Ronak Shah, You'll, Craig Federighi, Apple Cash, Apple AirPods, Siri, Apple Organizations: Service, Apple, Apple Intelligence, Business, Tapbacks, Google, OpenAI Locations: Siri
I recently bought a used car, and I ended up getting gap coverage and an extended warranty. Gap insurance is crucialGap insurance is a type of car insurance that covers the difference between what you owe on your car loan or lease and the car's actual cash value in the event that your vehicle is totaled or stolen. So, for me, paying $1,060 extra for gap coverage and also checking to make sure my auto insurance coverage is sufficient is well worth it. If you're looking for the best car insurance, look no further. MaxCare provides coverage for unexpected vehicle repairs after the manufacturer's warranty has expired, protecting you from high out-of-pocket repair costs.
Persons: , MaxCare, I'm Organizations: Service, CarMax Locations: CarMax
How rate cuts workCentral banks cut interest rates for two main reasons: financial conditions are expected to worsen drastically, or inflation has cooled so much that leaving interest rates at high levels will be overly restrictive and put a drag on the economy. The Fed lowers its target rate by buying more securities, namely Treasury notes and mortgage-backed securities. When they have more money to lend out, they don’t need to charge such high interest rates on mortgages and other types of loans they offer. Business' hiring decisions can be influenced by the Federal Reserve's interest rate decisions. When the Fed lowers or raises rates, it takes a while for the full effect of those moves to be felt across the economy.
Persons: you’ve, Jerome Powell, it’ll, Don’t, don’t, Banks, it’s, Thomas Drechsel, Lynne Sladky, , “ they’re, ” Said, Milton Friedman, ” Drechsel, , they’re, Drechsel Organizations: New, New York CNN, Federal Reserve, University of Maryland, Business, Netflix, CNN, Fed Locations: New York
Four U.K.-listed stocks — one of which was given 110% upside — are among Goldman Sachs' European conviction list. While the S & P 500 fell by 5.85% in the first week of August, the FTSE 100, an index of the 100 largest London-listed stocks, outperformed by falling by only 2.4%. .FTSE .SPX 5Y line The investment bank said the FTSE 100 "can also provide good diversification from the concentrated and Tech-heavy S & P 500 ." The bank notes that SSE's "leading capabilities vs. peers position it well to capture this investment growth." The investment bank said the company "is at the start of a revenue acceleration" supported by increasing market share and expansion into new markets.
Persons: Goldman Sachs, Goldman, Sharon Bell, Tufan Erginbilgic, LSEG Goldman, LSEG Organizations: FTSE, SPX, Tech, BT Group, Royce, London Stock Exchange, BT, London Stock Exchange Group, Bloomberg, Microsoft Locations: British, London, United States
Here are Friday's biggest calls on Wall Street: Raymond James initiates Arm as outperform Raymond James said the semis company is well positioned for AI. Citi downgrades Capri Holdings to neutral from buy Citi said the risk/reward is more balanced for the owner of brands like Michael Kors. UBS reiterates Oracle as buy UBS raised its price target on the stock to $200 per share from $175. The feedback on Oracle's top-line growth was overall positive..." UBS reiterates PNC as buy UBS said the bank is a high conviction idea. " Citi resumes Eli Lilly as buy Citi resumed coverage of the stock and says it's well positioned.
Persons: Raymond James, Jefferies, SLG, CFRA, it's, datopotamab, Michael Kors, haven't, Morgan Stanley, EQT, Citi, Eli Lilly, Lilly, Tesla, BEV, Wells Organizations: Arm Holdings, ARM, Citi, Green, Kroger, Macquarie, Rio Tinto, Deutsche Bank, AstraZeneca, Deutsche, Capri Holdings, Barclays, Garmin, GM, BMO, GE, UBS, Oracle, Oracle's, PNC, JPMorgan, Netflix, JPMorgan downgrades Moderna, Nvidia, NVIDIA Locations: GenAI, New York, Rio, RIO, Las Vegas
The Centers for Disease Control and Prevention said Thursday it has yet to identify “a clear source” of infection in a Missouri patient who tested positive for the bird flu virus despite no known contact with poultry or dairy cows. Since March, there have been 13 bird flu infections in poultry and dairy workers amid an outbreak of H5N1 spreading rapidly in dairy cows across 200 dairy herds in 14 states, according to the CDC. The patient was hospitalized, officials believe, not because of the infection but because of the patient’s underlying medical conditions. They’re also asking about the type and source of meat and dairy the patient consumed, including any raw dairy. No bird flu infections in dairy cattle have been reported in Missouri, state health officials said in a release Friday.
Persons: Nirav Shah, wasn’t, They’re, Shah, ” Shah, Demetre Daskalakis, Organizations: Disease Control, Prevention, CDC, , CDC’s National Center Locations: Missouri
A person in Missouri has been infected with bird flu, the Centers for Disease Control and Prevention said Friday. The adult, who didn't have known contact with poultry or dairy cows, was hospitalized on Aug. 22 and has recovered. At least 196 herds of dairy cows in 14 states have confirmed outbreaks of the H5 influenza virus, according to the CDC. There has been no evidence that H5N1 — the H5 virus spreading in dairy cows — has been spreading from person to person. The Missouri State Public Health Laboratory was sent a sample from the patient, Missouri health officials said in the release.
Persons: William Schaffner, Schaffner Organizations: Centers for Disease Control, Prevention, CDC, Vanderbilt University Medical Center, Missouri State Public Health Laboratory Locations: Missouri, U.S, Nashville , Tennessee
“But when we put them together, we were able to achieve transparency of the mouse skin.”Once the dye had completely diffused into the skin, the skin became transparent. In mice, the researchers were able to observe blood vessels directly in the surface of the brain through the transparent skin of the skull. Guosong Hong/Stanford UniversityThe transparent areas take on an orangish color, Ou said, similar to that of the food dye. 5 dye, a common food coloring, was used at a low concentration in the study, and its effects were easily undone, according to the researchers. “However, a partially transparent (mouse) will already enable numerous research opportunities to answer questions relating to development, regeneration, as well as aging.”
Persons: Wells, , Zihao Ou, ” Ou, , Hong, Ou, Guosong Hong, Stanford University Christopher Rowlands, Rowlands, wasn’t, Jon Gorecki, Gorecki, tartrazine Organizations: CNN, University of Texas, NSF, Stanford University in, Stanford University, US Food and Drug Administration, California, Environmental Health, Stanford, Imperial College London Locations: H.G, Dallas, Stanford University in California, California, bioengineering, Ou
Elon Musk announced his new company xAI which he says has the goal to understand the true nature of the universe. Elon Musk's artificial intelligence startup, xAI, is being accused by environmental and health advocates of adding to the pollution problem in Memphis, Tennessee, by using natural gas burning turbines at its new data center, and doing so without a permit. The letter notes that xAI "has installed at least 18 gas combustion turbines over the last several months (with more potentially on the way)." The company has been using the turbines to power the facility, but its long-term plan is to use power from the local utility, Memphis Light, Gas and Water and the Tennessee Valley Authority. MLGW told CNBC that it started providing 50 megawatts of power to xAI at the beginning of August.
Persons: Elon Musk, Musk, xAI, MLGW Organizations: Southern Environmental Law Center, Health Department, Environmental Protection Agency, Memphis, Tennessee Valley Authority, CNBC, SpaceX, Google, Microsoft, American Lung Association Locations: Memphis , Tennessee, Shelby County, Memphis, Tennessee, Shelby
Botswana's President Mokgweetsi Masisi holds a large diamond discovered in Botswana at his office in Gaborone on August 22, 2024. One of the largest diamonds ever to be excavated was found in Botswana at a mine owned by Canadian firm Lucara Diamond. Lucara said on Wednesday that the gem was discovered at the Karowe Diamond Mine in northeastern Botswana using X-ray technology. Photos published on Getty Images on Thursday showed Botswana President Mokgweetsi Masisi holding the 2,492-carat diamond at his office in the capital of Gaborone. Botswana is one of the world's biggest diamond producers, accounting for 20% of global production last year, according to GlobalData.
Persons: Mokgweetsi Masisi, Lucara Diamond, Cullinan, Lucara, William Lamb Organizations: Getty Locations: Botswana, Gaborone, South Africa, British
Four flight attendants have pleaded guilty to smuggling drug money out of the US. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Go to newsletter preferences Thanks for signing up! download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementFour flight attendants have pleaded guilty to smuggling drug money out of the US, according to a press release from the US Attorney's Office for the Southern District of New York.
Persons: , Sarah Valerio Pujols, Charlie Hernandez, Emmanuel Torres, Jarol Fabio Organizations: Prosecutors, Service, US, Office, Southern, of, Business Locations: Dominican Republic, of New York
The virus is classified into two distinct groups: clade I and clade II. Clade II was responsible for the 2022 outbreak, which has led to around 100,000 cases worldwide. Clade I is more transmissible than clade II and capable of being more severe, so infectious disease experts are concerned about further international spread. How does this version of mpox spread? Historically, mpox lesions have tended to appear on the face, chest, palms of the hands and the soles of the feet.
Persons: , Anne Rimoin, that’s, Stuart Isaacs, Isaacs, there’s, Rimoin, Marc Siegel, Amira Albert Roess, “ It’s Organizations: Democratic, Health, University of California, Los Angeles Fielding School of Public Health, University of Pennsylvania, George Washington School of Medicine, Health Sciences, , Department of Health, Human Service, George Mason University Locations: Mpox, Democratic Republic of Congo, Sweden, Africa, Pakistan, Los, Congo, U.S, DRC
Its center was about 40 miles north of San Juan early Wednesday after passing over the Virgin Islands on Tuesday. Hurricane watches and tropical storm warnings are in effect for the Virgin Islands and the small Puerto Rican islands of Vieques and Culebra. And he entire island of Puerto Rico is also under a tropical storm warning. Tourists sit on La Pared beach as Tropical Storm Ernesto whips up surf near Luquillo, Puerto Rico, on Tuesday. “The people of Puerto Rico and the US Virgin Islands are no strangers to storms,” Rothenburg said.
Persons: Ernesto, Puerto Rico –, Thomas, John, Pedro Pierluisi, Hurricane Maria, Alejandro Granadillo, Juan Saca, Saca, Jaclyn Rothenberg, ” Rothenburg, , ” Rothenberg, Mary Gilbert, CNN’s Ella Nilsen Organizations: CNN, Atlantic, National Hurricane Center, San Juan, Virgin, Puerto Rico, Virgin Islands, US, National Weather Service, Puerto Rico Gov, National Guard, Puerto Ricans, AP LUMA Energy, Federal Emergency Management Agency Locations: Puerto Rico, San, Puerto, Caribbean, Puerto Rican, Vieques, Culebra, St . Croix, St, Luquillo , Puerto Rico, Virgin, Bermuda, It’s, Hispaniola, Bahamas, US East Coast
Yet throughout the United States, Covid-19 is currently circulating at very high levels. Since the end of the mandate, and as travel has returned to or surpassed prepandemic levels, most travelers have abandoned preventive measures, particularly masks. Here’s what you need to know about masks and your travel plans. The number of reported cases appears to be climbing both in the United States and abroad. In the United States, there are “very high” levels of the virus in wastewater samples nationwide, according to the Centers for Disease Control and Prevention.
Organizations: Centers for Disease Control, World Health Organization Locations: United States
CNN —Tropical Storm Ernesto is slamming the northern Caribbean with heavy rain, gusty winds and rough seas Tuesday as it sets up to take a swipe at Puerto Rico. Satellite imagery captures Tropical Storm Ernesto churning over the northeastern Caribbean as the sun rises Tuesday morning. Tropical storm warnings are in effect for Puerto Rico and the Leeward Islands, including the US and British Virgin Islands. Rainfall totals of 4 to 6 inches will be widespread, with up to 10 inches possible in parts of Puerto Rico. Flash flooding and mudslides are possible as a result, especially in the higher terrain areas of eastern and southern Puerto Rico.
Persons: Ernesto, It’s, Barthélemy, Bart’s, Hurricane Maria, ” Juan Saca Organizations: CNN, Puerto, National Hurricane Center, NOAA, US, British Virgin Islands, Puerto Rico Tuesday, National Guard, Associated Press, Hurricane, Luma Energy, AP Locations: Caribbean, Puerto Rico, Guadeloupe, Leeward, British Virgin, British, Puerto, Hispaniola, Bahamas, Bermuda, It’s, US East Coast
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