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I tried chocolate-chip cookies from the bakery section of Kroger, Safeway, Walmart, and Costco. As a pro baker, I had high expectations — but Safeway and Walmart didn't impress me much. Costco's cookies were soft and not too sweet with lots of chocolate chunks. AdvertisementAs a professional baker, I've probably made thousands of chocolate-chip cookies from scratch. So, I tried chocolate-chip cookies from the bakery section at four national chains near me in Seattle — Costco, Kroger, Safeway, and Walmart.
Persons: , I've, there's Organizations: Kroger, Safeway, Walmart, Costco, Service Locations: Seattle
T. Rowe Price's Tony Wang on what to buy in Big Tech
  + stars: | 2024-11-11 | 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 EmailT. Rowe Price's Tony Wang on what to buy in Big TechTony Wang, T. Rowe Price portfolio manager, joins 'Squawk Box' to discuss the state of the tech sector, performance of AI stocks, what to buy in Big Tech, and more.
Persons: Rowe, Tony Wang, Big Tech Tony Wang, Rowe Price Organizations: Big Tech
Starbucks' ex-CEO, Howard Schultz, told Fortune he trusts successor Brian Niccol to revitalize the company. But the recent rollout of his new back-to-basics strategy has earned the support of one man who knows something about steering the beloved coffeehouse brand to success: Howard Schultz. He first became Starbucks' CEO in 1986 before leaving in 2000. AdvertisementThough Schultz has twice before left and then returned as CEO of Starbucks, he told Fortune there's no chance he'll reprise his role again. Representatives for Starbucks and the Schultz Family Foundation, of which Howard Schultz is a cofounder, did not immediately respond to requests for comment from Business Insider.
Persons: Howard Schultz, Fortune, Brian Niccol, Schultz, there's, , he's, Diana Frost, Kraft Heinz Niccol, Ray Kroc, Niccol, Fortune there's Organizations: Starbucks, Service, Kraft, Foundation, Business Locations: Niccol
Jabin Botsford/The Washington Post via Getty ImagesSusie Wiles is set to make history as the country's first female chief of staff to a president. A veteran Florida strategist who led Trump's political operation for nearly four years, Wiles is seen as loyal and supremely capable. A grandmother who keeps a relatively low public profile, Wiles is Trump's only campaign manager to have lasted an entire election cycle, The New York Times reported. She has a proven ability to manage Trump's unpredictable personality, which will be crucial as she takes on what some consider the second-most-powerful job in Washington, behind the presidency itself. Chris LaCivita, Trump's co-campaign manager, described her as "loyal and honest as the day is long."
Persons: Susie Wiles Susie Wiles, Jabin, Susie Wiles, Wiles, Susie, Trump, Chris LaCivita, Trump's, Elon Musk, Robert F, Kennedy Jr, John Kelly, he's, MAGA diehards Organizations: Washington, Getty, New York Times, Elon Locations: Florida, Washington
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWhat a second Trump presidency could mean for your financesPresident-elect Donald Trump promises big changes in taxes and tariffs that will impact the economy and your money. CNBC Senior Personal Finance Correspondent explains what a second Trump term could mean to your bottom line.
Persons: Trump, Donald Trump Organizations: CNBC, Trump
Business Insider secured access to an internal Tesla pay database, covering nearly 100,000 employees as of December 2021. Tesla offers lower base salaries than its tech and automotive peers but offers substantial stock grants. Nine current and former people in engineering and sales said that Tesla's stock grants make it easier to accept lower base salaries. To get a sense of which employees were more likely to take home large grants, BI broke up stock grants based on job category. So far, stock grants have "proven to be better than cash in your pocket."
Persons: Elon Musk's, It's, Tesla, Donald Trump's, , Zaheer Mohiuddin, ISOs, Greg Selker, Stanton Chase, Selker, Musk, we've, Harley Shaiken, Ford, Shaiken, Drew Baglino, Zachary Kirkhorn, Omead Afshar, Aaron Greenspan, it's Organizations: Business, CNBC, Securities and Exchange Commission, Nvidia, Ford, Meta, Amazon, Apple, Microsoft, BI, Companies, Google, US, Netflix, Big Tech, GM, Musk, Bloomberg Locations: Silicon Valley
London CNN —Rita Ora paid an emotional tribute to Liam Payne while hosting the 2024 MTV Europe Music Awards (EMAs) on Sunday. “Liam Payne was one of the kindest people that I knew,” Ora said, to a cheer from the crowd. “I can’t even sing this right now,” Ora said while performing the song at her Tokyo concert days after Payne’s death. This year’s awards celebrated winners including Taylor Swift for best artist, Raye for best UK & Ireland act, Sabrina Carpenter for best song (“Espresso”), Benson Boone for best new artist and Tyla for best R&B. MTV canceled last year’s EMAs due to the outbreak of the Israel-Hamas war.
Persons: London CNN — Rita Ora, Liam Payne, , ” “, , “ Liam Payne, ” Ora, Liam, Payne, Ora, Freed, Taylor Swift, Raye, Sabrina Carpenter, Benson Boone, Tyla Organizations: London CNN, MTV, Ireland Locations: British, Manchester, England, Argentina’s, Buenos Aires, Tokyo, Israel
Retirees' debt was rising before the pandemicRising debt levels were a problem for older Americans even before pandemic-era inflation. The typical family with heads age 75 and older had $1,700 of credit card debt in 2022, EBRI said in the August report. Those with heads age 65 to 74 had $3,500 of credit card debt, it said. Meanwhile, any spending cuts should be applied to reduce credit card debt, McClanahan explains. Boost income Retirees can also consider going back to work at least part time to earn more income, McClanahan said.
Persons: Bridget Bearden, Bearden, it's, EBRI, Louis, Carolyn McClanahan, She's, McClanahan, Cardholders, Cook, Ted Jenkin, Winnie Sun Organizations: Research Institute, Social Security, Senior Citizens League, Reserve Bank of St, Federal Reserve, U.S . Federal Reserve, Federal Reserve Bank of St, Planning Partners, CNBC's, CNBC, Facebook, Craigslist, Sun Group Wealth Partners Locations: Louis, Jacksonville , Florida, Irvine , California
Elon Musk and other MAGA figures are onto a new fight: Who will be the next Senate Majority Leader. John Thune and John Cornyn. AdvertisementWith President-elect Donald Trump now on his way to the White House, his allies are settling on a new target: Getting a loyalist installed as Senate Majority Leader. Ahead of Mitch McConnell's long-awaited retirement from leadership, Republicans are set to choose a new leader on Wednesday of this week. John Thune of South Dakota, John Cornyn of Texas, and Rick Scott of Florida.
Persons: Elon Musk, MAGA, Sen, Rick Scott, Sens, John Thune, John Cornyn, Trump, , Donald Trump, Mitch McConnell's, John Thune of, John Cornyn of, Rick Scott of, Scott, Tucker Carlson, Robert F, Kennedy, Jr, Scott isn't, Kevin McCarthy, there's Elon Musk, Musk, Elon, Trump's, Cornyn, they'll, McConnell, that's, That's Organizations: Service, White, Republicans, Trump, GOP, Business, Senate Trump, Capitol, Republican, Punchbowl News Locations: Sens, John Thune of South Dakota, John Cornyn of Texas, Rick Scott of Florida, Florida, Texas, Ukraine
Instead of listing the website for Universal's "Wicked" movie, boxes featured a link to a pornographic website for a group called Wicked Pictures. "Mattel was made aware of a misprint on the packaging of the Mattel Wicked collection dolls, primarily sold in the U.S., which intended to direct consumers to the official WickedMovie.com landing page," Mattel said in a statement. Consumers who already have the product are advised to discard the product packaging or obscure the link and may contact Mattel Customer Service for further information." Target , Walmart and Amazon had removed the line of "Wicked" dolls from their online storefronts as of midday Monday, as had Best Buy , Barnes & Noble and Macy's . The mishap comes as Universal floods retail shelves with "Wicked"-related product ahead of the film's Nov. 22 release.
Persons: Mattel, Noble, James Zahn, , Jaime Katz, Zahn, NBCUniversal Organizations: Wicked Pictures, Mattel, Consumers, Service, Walmart, Amazon, Barnes, Universal, Morningstar, eBay, Facebook, Comcast, CNBC Locations: U.S, Target, NBCUniversal
A top technology fund manager is laying out his favorite names in the sector going forward. "It's an exciting time where we're seeing productivity really get enhanced, and perhaps this being a really big industrial economic productivity increaser," Tony Wang, portfolio manager of T. Rowe Price's science and technology equity strategy, told CNBC's " Squawk Box " on Monday. Now, Wang believes the tide is shifting in favor of software companies and app developers launching and integrating AI products. Applovin surged 77%, scoring its best week on record, following a strong earnings report . "Technology trends are often on an exponential adoption curve, and a lot of times the market … underestimates these tech transitions."
Persons: Tony Wang, Rowe, CNBC's, Wang, Applovin Organizations: Nvidia, Wang, Marvell Technology Locations: ChatGPT, allocator
The "Saturday Night Live" postelection episode didn't land well with fans of the show or Elon Musk. AdvertisementThe "Saturday Night Live" postelection episode was criticized by people across the political spectrum, including Elon Musk. Related Video Crowd boos Elon Musk at Dave Chappelle's comedy show"Listen, I know a lot of ugly women, feminists, I mean, don't want to hear this message. pic.twitter.com/WpLVfMn5gH — BQ (@BrendanQ_1999) November 10, 2024To all the people that are offended by Bill Burr’s SNL monologue. @nbcsnl — Elon Musk (@elonmusk) November 10, 2024They are so mad that @realDonaldTrump won 🤣🤣 — Elon Musk (@elonmusk) November 10, 2024
Persons: Elon, Bill Burr, Musk, Dana Carvey, , Elon Musk, Donald Trump, Joe Biden, Dave Chappelle, he's, Burr, Dave Chappelle's, Kamala Harris, — Kiki, , Dolly Parton, Bill Burr's Organizations: Service, Trump, SNL Locations: e" c
A crucial catalyst for shares of Club holding Wells Fargo may be around the corner, according to one Wall Street firm. Bank of America also raised its price target on Wells Fargo to $84 a share from $75, and reiterated its buy rating on the stock. Bottom line We've long called out the asset cap removal as a big catalyst for Wells Fargo — and it's been central to our overall investment thesis for the stock. That's because once these restrictions are lifted, Wells Fargo can finally grow its balance sheet past that nearly $2 trillion threshold again. Wells Fargo bank signage is seen on Broadway on April 12, 2024 in New York City.
Persons: Wells, Donald Trump, Morgan Stanley, Jim Cramer, Charlie Scharf's, Scharf, it's, Jim Cramer's, Jim, Michael M Organizations: Bank of America, Federal Reserve, Bank, Wells Fargo, Bloomberg News, CNBC, Broadway, Santiago, Getty Locations: Wells, Wells Fargo, Wells Fargo —, New York City
Startup works to electrify big rigs
  + stars: | 2024-11-11 | 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 EmailStartup works to electrify big rigsCNBC's Diana Olick joins 'Power Lunch' with details about how one company is working to electrify large trucks.
Persons: Diana Olick
Analysts said tariffs on cars imported from Mexico would have dire consequences for US automakers. Tesla announced in March 2023 that it was planning to build its seventh gigafactory near the industrial hub of Monterrey, Mexico. Trump vowed to clamp down on automakers building cars in Mexico on the campaign trail, and the prospect of new tariffs could force US automakers such as Tesla to make some hard choices about operational or planned factories in Mexico. Analysts told BI that the tariffs floated by Trump would deter automakers such as Tesla from investing in Mexico. Other automakers have expanded their presence in Mexico, despite the uncertainty of the election and the prospect of tariffs under a second Trump term.
Persons: Donald Trump, Elon Musk, , Tesla, Trump, It's, Donald Trump's, Alex Brandon, Musk, Sam Fiorani, Fiorani, Ford, David Whiston, Scott Olson, BYD, Stephanie Brinley, Alanis King, Brinley, Stellantis Organizations: Service, Mexico —, AP, UBS, Trump, AutoForecast Solutions, General Motors, Ford, Getty, Toyota, Tacoma, Nissan, Volkswagen, BYD, Chrysler, Street Journal, BMW, P Global, Toyota Tacoma, GM Locations: Mexico, Monterrey, Detroit, United States, Cuautitlan, Toluca, San Luis Potosí
One thing that's widely understood is the artificial intelligence revolution is still in its infancy, and Nvidia is the go-to company for what's needed to run AI workloads. Microsoft : "We expect capital expenditures to increase on a sequential basis, given our cloud and AI demand signals," CFO Amy Hood said. Put another way, can the world's most valuable company, at nearly $3.6 trillion, get even more valuable? On current numbers, Nvidia is trading at about 37x calendar year 2025 earnings estimates. Visitors check out Nvidia's AI technology at the 2024 Apsara Conference in Hangzhou, China, on September 19, 2024.
Persons: hasn't, Donald Trump's, Trump, Piper Sandler, Morgan Stanley, Nvidia's, NVDA, OpenAI's, we're, Anat Ashkenazi, Susan Li, Andy Jassy, Amy Hood, Hood, Piper, Blackwell, Hopper, Melius, , Jensen Huang –, Jim Cramer's, Jim Cramer, Jim Organizations: Nvidia, Apple, Wall Street, White, Nvidia —, Melius, Blackwell, Trump, Google, AWS, Microsoft, Melius Research, Biden, CNBC, Visitors, Nurphoto, Getty Locations: China, CapEx, Beijing, U.S, Hangzhou
The coming reign of the only child
  + stars: | 2024-11-11 | by ( Ann Friedman | ) www.businessinsider.com   time to read: +16 min
American women are having kids later in life, leaving less time to bear multiple children. American women in general are having children later, but the delay is most pronounced among the most educated. Even religious conservatives, who are biblically motivated to be fruitful and multiply, are starting families later and more often having only one child. So what will the coming reign of the only child mean for America? Just as having children is no longer seen as a required stage of adulthood, having siblings will no longer be a de facto part of childhood.
Persons: Hallie Parker, , Parker, Harry Potter, Harriet, Dennis, Menace, They're untethered, Drew Barrymore, Woods, Kanye, Zers, we've, it's, Granville Stanley Hall, Spock, Hall, Toni Falbo —, Thomas Edison, Jack Welch, Carl Icahn —, Rebecca Zisser, It's, Anastasia Berg, What's, isn't, Berg, Corinne Lyons, wasn't, fiancé, Lyons, China's, Onlies, they'll, iStock, they're, Paul Ehrlich, Anne, Bill McKibben, Elon Musk, JD Vance, Rainer Turim, Ann Friedman Organizations: National Council, Family Relations, Granville, Harvard, Hall, Detroit, Alpha Kappa Alpha Locations: America, Sweden, France, China, Stanford, Vietnam, India, Manhattan, Los Angeles
Trump also had a call with Ukrainian President Volodymyr Zelenskyy. The phone call on Thursday marks the first time the pair are known to have spoken since Trump won the election. AdvertisementWhen approached for comment, a spokesperson for the Trump campaign told Reuters that they "do not comment on private calls between President Trump and other world leaders." Zelenskyy told ABC News that he thought Trump's proposal was a "beautiful" notion but was not grounded on "real-life experience." "Every time he comes to our country, he walks away with $60 billion," Trump said at the rally.
Persons: Donald Trump, Vladimir Putin, Trump, Volodymyr Zelenskyy, , Putin, Strong, Zelenskyy, realDonaldTrump, Vasily Nebenzya, that's, Володимир Зеленський Organizations: Service, Russian, Washington Post, Post, Reuters, Trump, Business, Zelenskyy, Fox News, ABC News Locations: Ukraine, Europe, Russian, Mar, Russia, Detroit
It reignites a debate about the feasibility of developing increasingly advanced models and AI scaling laws — the theoretical rules about how the models improve. It remains to be seen how smart an AI model can get when it has that much capital thrown at it. There could also be strategies to make AI models smarter by enhancing the inference portion of development. The model OpenAI released in September — called OpenAI o1 — focused more on inference improvements. Still, it's clear that, like Altman, much of the industry remains firm in its conviction that scaling laws are the driver of AI performance.
Persons: OpenAI's, It's, , Sam Altman, Fabrice Beaulieu, Altman, OpenAI, Andrew Caballero, Reynolds, Ion Stoica, Gary Marcus, Anthropic, Marcus, Claude, Ilya Sutskever, Dario Amodei, Kevin Scott, we're, Scott, they've Organizations: Service, OpenAI's, Orion, Business, Getty, Companies, New York University, Reuters, Sequoia, o1 Locations: GPT, Silicon Valley, AFP
Meanwhile, 28% of holiday shoppers still have not paid off the gifts they purchased for their loved ones last year, according to another holiday spending report by NerdWallet . Major retailers tend to heavily discount some of their products as the holiday season unfolds. Heading into the peak holiday shopping season, there are a few steps you can take to help maximize your cash. "Slow shopping encourages consumers to think through each potential purchase rather than jumping on impulse," Woroch said. "This allows you to be mindful about what you're buying, why you're buying and who you're buying for while also giving you time to save up, compare prices and look for coupons," Woroch added.
Persons: they'll, Adam Davis, Davis, Sara Rathner, Sofia Baig, Gen, Andrea Woroch, Woroch Organizations: NerdWallet, National Retail Federation, U.S, Wells, Wells Fargo Retail Finance, Morning Locations: Wells Fargo, Novi , Michigan
Shares of Tesla are set to soar under a second Trump presidency, according to widely followed analyst Dan Ives of Wedbush. Ives reiterated his outperform rating and hiked his 12-month price target for the electric vehicle manufacturer to $400 from $300. A Trump win will further clear the federal regulatory spiderweb that Tesla has encountered over the past few years. A Trump win also means a more bearish outlook for the overall electric vehicle industry, since it is more likely that rebates and tax incentives will be pulled. TSLA YTD mountain TSLA YTD chart
Persons: Dan Ives, Ives, Donald Trump's, Elon Musk, Tesla, Trump, Musk Organizations: Tesla, Trump, Trump White House, EV Locations: Wedbush, China
Does this mean Twitter is going to be more important in the Trump 2.0 era? It's really not Twitter — it's — Twitter goes on television, or if they have breaking news, I'll tweet, I'll say "Watch this — boom." AdvertisementTrump was the TV presidentTrump was transfixed by TV, and that meant TV was the most important medium during his first presidency. Musk, for instance, spent part of his Sunday using Twitter to criticize "Saturday Night Live" — just like Trump used to do. But I will be surprised if Donald Trump, TV guy, becomes Donald Trump, Twitter guy.
Persons: Donald Trump, Elon Musk, Trump, , Tucker Carlson, Charlie Kirk, Kirk, US Sen, Rick Scott, 🇺🇸🇺🇸, own e, abou, witt, and i, ike Organizations: Twitter, Service, Trump, US, itt, Fox, Adv
"This can be a great way for people to boost their retirement savings," certified financial planner Jamie Bosse, senior advisor at CGN Advisors in Manhattan, Kansas, previously told CNBC. This can be a great way for people to boost their retirement savings. How much older workers save for retirementThe 401(k) catch-up contribution change is "very good" for older workers who want to save more for retirement, said Dave Stinnett, Vanguard's head of strategic retirement consulting. Some 35% of baby boomers feel "significantly behind" in retirement savings, according to a Bankrate survey that polled roughly 2,450 U.S. adults in August. "But not everyone age 50 or older is maxing out [401(k) plans] already," Stinnett said.
Persons: Jamie Bosse, deferrals, Dave Stinnett, Stinnett Organizations: CGN Advisors, CNBC, America Locations: Manhattan , Kansas
CNN —Week 10 of the NFL season was one full of drama, talking points and some big solo performances. QB plays like ‘best player on planet’ in historic gameThe Arizona Cardinals had a successful afternoon and that largely came thanks to the historic performance of their quarterback, Kyler Murray. He completed 22 out of 24 of his passing attempts, throwing for one touchdown and running for two more scores. Chris Coduto/Getty ImagesMurray also became the first player in NFL history to complete 85% of his passes with 250 passing yards and two rushing touchdowns. “I think the quarterback was the best player on the planet today,” Gannon said.
Persons: Kyler Murray, Murray, Carson Palmer, Chris Coduto, Aaron Rodgers, Jonathan Gannon, ” Gannon, Ross D, ” Murray, Drew, We’re, Rodgers, , Deebo Samuel, Jake Moody, Christian McCaffrey, Ricky Pearsall, Taybor Pepper, Moody, Raymond James Stadium, Samuel, Pepper, , Moody “, I’m, ” Pepper, Jake, ” Moody, Julio Aguilar, Kyle Shanahan, ” Shanahan, they’ve, It’s, Dennis Allen, Darren Rizzi, Derek Carr, Marquez Valdes, Scantling, Younghoe Koo, Kirk Cousins, Tyrann Mathieu, ” Rizzi, Jonathan Bachman, Rizzi, couldn’t, Payton Turner, I’ve Organizations: CNN, NFL, Carolina Panthers, New York Giants, Kansas City Chiefs, Dallas Cowboys, Arizona Cardinals, Cardinals, New York Jets, NFC West, Jets, Getty, Franklin, State, San Francisco 49ers, Tampa Bay Buccaneers, 49ers, Buccaneers, San, Saints, New, New Orleans Saints, NFC South, Atlanta Falcons, Falcons, Atlanta, NFC, New England Patriots, Chicago Bears, Buffalo Bills, Indianapolis Colts, Minnesota Vikings, Jacksonville Jaguars, Denver Broncos, Pittsburgh Steelers, Washington, Tennessee Titans, Los Angeles Chargers, Philadelphia Eagles, Detroit Lions, Houston Texans Locations: Germany, Arizona, , California, San Francisco, New Orleans
Wedbush's Dan Ives raised his price target on Tesla to $400 a share from $300, implying 24.5% upside from Friday's close. More love for longtime Club stock Nvidia : Morgan Stanley upped its price target on the AI chip king to $160 a share from $150 at Morgan Stanley. Club name Palo Alto Networks had its PT raised to $425 a share from $410 at Barclays. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.
Persons: Wedbush's Dan Ives, Donald Trump's, Trump, Wednesday's, Cigna, Morgan Stanley, Piper Sandler, Dell, Wells, Jim Cramer's, Jim Cramer, Jim Organizations: Trump, Nasdaq, Dow, Home, Disney, JPMorgan, Cisco Systems, Cisco, Humana, Medicare, Club, BlackRock, Deutsche Bank . BlackRock, House, Wolfe Research, Warner Bros, longtime Club, Nvidia, Melius, Dell Technologies, Bank of America, PT, Federal, Palo Alto Networks, Barclays, Analysts, Jim Cramer's Charitable, CNBC Locations: Ives, Wells, Alto, Palo
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