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Tesla's Optimus robots faced skepticism for being remotely controlled by humans at a recent event. AdvertisementTesla's Optimus robots received more skepticism last week when multiple reports confirmed that the humanoid robots working the company's "We Robot" event were remotely controlled by engineers. Optimus robots reportedly danced, poured drinks, and interacted with attendees. Both Musk and Nvidia CEO Jensen Huang, are focused on humanoid robots as increasingly advanced machine learning offers an unlocking technology for robotics. Musk has claimed that two Optimus robots are performing tasks autonomously on Tesla's factory floor.
Persons: Lebaredian, , Optimus, Jensen Huang, Musk, Huang, Tesla, xAI's Organizations: Optimus, Service, Nvidia, Oracle
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe soft landing backdrop will be good for continued broadening, says Rockland's David SmithDavid Smith, Rockland Trust CIO, joins 'Power Lunch' to discuss the election uncertainty impact on the market.
Persons: Rockland's David Smith David Smith Organizations: Rockland Trust
As the fourth quarter ramps up, several stocks have room to appreciate in coming months, according to Jefferies. Heading into the end of the year, Jefferies has updated its list of stock recommendations it calls its "franchise picks," spotlighting high-conviction, buy-rated names. "Higher reinvestment rates are correlated with better returns," Jefferies added. Their average price target of almost $24 implies roughly 10% upside – less than the nearly 26% that would result if Jefferies' target of $27 is reached. And Jefferies' target of $295 implies more than 17% upside from the current price.
Persons: Jefferies, Morgan Stanley, Wells, , Johnson Organizations: Dow, Nasdaq, JPMorgan, Consumer, Johnson, PepsiCo, Sysco, Jefferies, ConocoPhillips, Port, North Field, Oil, Procter, Gamble, Colgate Locations: Wells Fargo, Alaska, Port Arthur, Texas, Qatar, Houston, LSEG, U.S, , New Jersey, Kenvue
Russian automaker Sollers is under fire over reports that its cars are breaking down along the war front. In response on Thursday, Sollers blamed Western sanctions for forcing it to switch suppliers quickly. AdvertisementA Russian contractor providing SUVs and pick-up trucks to Moscow's troops blamed Western sanctions on Thursday amid criticism that its vehicles were arriving in poor condition. The Russian automaker's recent blaming of Western sanctions is a reversal of its statements in September 2023, when it dismissed being blacklisted by the US Treasury Department. Sollers had told Russian media it did not foresee a significant impact as it already restructured its supply chain to prepare for the restrictions.
Persons: Sollers, , UAZ, Dmitry Rogozin, Rogozin, he's, He's, Gazeta.RU Organizations: Service, Ulyanovsk Automobile Plant, NATO, Telegram, Business, Ford Motor Company, Mazda, US Treasury Department, European Union Locations: Russian, Ulyanovsk, Moscow, Ukraine, Roscosmos, Michigan, Russia, Vladivostok, Sollers
AdvertisementTime’s almost up on the New York Mets’ season. Worse than those numbers, because teams have mounted comebacks facing such deficits, the Mets look like they have run out of gas. “Sean (Manaea) said it the other day,” Mets manager Carlos Mendoza said when asked if his rotation had hit a proverbial wall. “We’ve gone through a lot this year,” Peterson said, “and it’s made us who we are at this point.”The Mets are hoping to keep alive an improbable season that’s included Grimace and OMG. And it hasn’t been just the Mets’ rotation that has seemingly run out of gas in this series.
Persons: Francisco Lindor, Sean, Manaea, Carlos Mendoza, , Mendoza, , You’ve, That’s, there’d, Jose Quintana, Luke Hales, hasn’t, ” Mendoza, Luis Severino, Jack Flaherty, José Buttó, Buttó, It’s, David Peterson, Peterson, “ We’ve, ” Peterson, it’s, Grimace, Dustin Satloff, Lindor, Jose Iglesias, Francisco Alvarez haven’t, Brandon Nimmo, Frank Franklin II Organizations: Citi, what’s, New York Mets, Mets, National League, Los Angeles Dodgers, Dodgers, ” Mets, Athletic, Associated Press Locations: . New York, Quintana, Manaea, Los Angeles, Milwaukee
"Since 2014, 12 states have passed minimum wage increases through ballot measures," Martinez Hickey told CNBC. Meanwhile, voters in Arizona will decide on a ballot measure that would lower the minimum wage for tipped workers. Here's what's at stake for workers who make the minimum wage, and the employers who pay them, in next month's election. 1 would raise the minimum wage to $13 in 2025, and to $14 in 2026. Question 5 in Massachusetts would slowly phase out its tipped minimum wage of $6.75 per hour, until it eventually matches the state's standard minimum wage by 2029.
Persons: Lucy Nicholson, Sebastian Martinez Hickey, Martinez Hickey, Here's, erick Pasquier, Joelle, Hall, Kati Capozzi, Capozzi, Richard von Glahn Organizations: California Labor, Reuters, Economic, Institute, CNBC, Alaska AFL, Alaska Chamber, Healthy Families, San Francisco, LAO, Massachusetts Institute of Technology Locations: Alaska , Missouri, California, Arizona, Alaska, United States, Bering Sea, Missouri, North America, U.S, Massachusetts Institute of Technology . Massachusetts, Massachusetts
This ability to get electricity from one part of the country to another is ever more important as America’s grid is lashed by increasingly extreme weather. Extreme weather isn’t the only reason the grid needs to expand. “We run a VHS grid for a Hulu economy.”America’s grid is actually three grids: the Eastern and Western interconnections, plus the independent Texas grid. The physical electrical lines connecting all of the systems are fragile and outdated, experts told CNN. Clements cautioned that even a bigger grid can’t solve all the challenges posed by climate change-fueled extreme weather.
Persons: Cary Kottler, ” Kottler, Helene, Milton, , Allison Clements, , you’ve, Clements, ” Clements, Rob Gramlich, Ariel Horowitz, Horowitz, Biden, Jennifer Granholm, there’s, Hurricane Helene Organizations: CNN, Texans, Pattern, Energy, , Energy Department, DOE Locations: Uri, Texas, California
In a quest to find the first complete head, researchers conducted an analysis of Arthropleura fossils belonging to two juvenile individuals uncovered in the 1970s in France. Researchers studied scans of two Arthropleura fossils trapped in stone. Both fossilized insects still had most of their legs, and one of them had a complete head, including antennae, eyes, mandibles and its feeding apparatus — the first Arthropleura head ever documented, Lhéritier said. Researchers believe the two Arthropleura fossils belonged to juveniles because they reach just 0.9 inch (25 millimeters) and 1.5 inches (40 millimeters) long. But other fossils that preserve additional aspects of the arthropod’s body, including the head of an adult, will need to be found.
Persons: , Arthropleura, we’ve, , Dr, Greg Edgecombe, Mickaël Lhéritier, Lhéritier, ” Edgecombe, Arthrorpleura, Lheritier, ” Lhéritier, , James C, Lamsdell Organizations: CNN, Adv, Claude Bernard University Lyon, Mines, West Virginia University Locations: France, Great Britain, eadp6362, what’s, North America, Europe, Montceau, millipedes
Airplane fuselages bound for Boeing's 737 Max production facility await shipment on rail sidings at their top supplier, Spirit AeroSystems Holdings Inc., in Wichita, Kansas, on Dec. 17, 2019. Boeing supplier Spirit AeroSystems will furlough some 700 workers as a strike by machinists at the planemaker enters its sixth week, a spokesman for the supplier said Friday. Spirit AeroSystems had been scrambling to cut costs after more than 32,000 Boeing machinists walked off the job Sept. 13 after overwhelmingly rejecting a tentative labor deal with Boeing. "If the strike continues beyond November, we will have to implement layoffs and additional furloughs," spokesman Joe Buccino told CNBC on Friday. Spirit workers on Boeing's best-selling 737 Max are not affected, he added.
Persons: machinists, AeroSystems, Boeing machinists, Joe Buccino, Buccino, Max Organizations: Spirit AeroSystems Holdings Inc, Boeing, Spirit, CNBC, Reuters Locations: Wichita , Kansas
The Israeli military previously surrounded Sinwar’s house and carried out an intensive assault on his hometown of Khan Younis, but could not find him. The troops returned fire with a tank, then flew a drone into the heavily damaged building, according to the Israeli military. Sinwar had been trying to escape to the north when he was killed, said another Israeli military spokesperson on Thursday. The talks involved senior figures from Israel, Hamas, the United States, Qatar and Egypt. Mohammed Sinwar recently took over as Hamas’ military commander, a senior Israeli official told CNN last month.
Persons: Yahya Sinwar, Ismail Haniyeh, Benjamin Netanyahu, Sinwar’s, Khan Younis, Sinwar, biometrics, Mohammed Salem, Majdal –, , Israel, , it’s, Mohammed Deif, Joe Biden, Netanyahu, Mohammed Sinwar, Mohammed, Hassan Nasrallah, “ Sinwar, Mumen Khalili Organizations: CNN, Hezbollah, Sinwar, REUTERS, US Department of State, European Union Locations: Israel, Lebanon, Hamas, Iran, Gaza, Rafah, Jerusalem's Al, Gaza City, Al, Ashkelon –, United Kingdom, France, bunkering, United States, Qatar, Egypt
The healthcare market looks nearly ready for the next wave of IPOs. But the next wave of public healthcare companies looks to be on the horizon. At least two healthcare companies are considering public-market debuts in the not-so-distant future. SVB SecuritiesI spoke with him about what the next wave of healthcare IPOs could bring — and which healthcare startups are in the best position to test the public markets. What models do you expect the healthcare market to favor in this next round of IPOs?
Persons: Jon Swope, , It's, Health confidentially, haven't, there's, Waystar, healthtech Organizations: Barclays, Service, Health, healthtech, SVB Securities, Accolade, Healthcare, Walmart, Big Tech Locations: IPOs, healthtech, Waystar
Major tech companies are investing in nuclear power to support AI data centers. Nuclear energy provides clean, constant power for data centers. AdvertisementTech companies are turning to nuclear power to advance their AI ambitions. Aside from generating enormous amounts of power, nuclear power is also an attractive choice for companies hoping to meet global net zero goals. AdvertisementHere's a closer look at how tech companies are investing in nuclear energy.
Persons: , Kathryn Huff Organizations: Service, Tech, Google, Companies, University of Illinois, Department of Energy Locations: University of Illinois Urbana, Champaign
Markets: The S & P 500 is on pace for another record close and its sixth straight positive week. Financials also continued their strong run this week thanks to strong earnings from banks such as Club holding Morgan Stanley and other financial services companies. 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, hasn't, Financials, Morgan Stanley, Danaher, we'll, Jim Cramer's, Jim Organizations: CNBC, ., ASML Holdings, Taiwan Semiconductor Manufacturing Company, Nvidia, bellwether, Abbott Laboratories, UBS, Mizuho, . Energy, Texas, OPEC, International Energy Agency, Coterra Energy, Dow Jones, Dover, Honeywell, Jim Cramer's Charitable
CNN —Former National Football League (NFL) quarterback Jay Cutler was arrested and charged with driving under the influence and possession of a firearm, among other charges, after police say the car he was driving rear-ended another vehicle in Franklin, Tennessee, on Thursday. According to the police report, Cutler attempted to flee the scene after offering the other driver $2,000 not to call the police. Cutler was charged with DUI-first offense, failure to exercise due care to avoid a collision, implied consent, possession of a handgun-under the influence, according to police. Former NFL quarterback Jay Cutler arrested and charged with DUI and gun possession The Franklin Police DepartmentFranklin police say the 41-year-old was booked into the Williamson County Jail. In 2020, Cutler and then wife, reality TV star Kristen Cavallari, announced they would be getting divorced after 10 years together.
Persons: Jay Cutler, Cutler, Kristen Cavallari, Camden Jack, Jaxon Wyatt, Saylor James Organizations: CNN, Former National Football League, Franklin Police Department, Former NFL, Franklin Police Department Franklin, Vanderbilt University, Denver Broncos, Bears, Broncos, Miami Dolphins, NFL Locations: Franklin , Tennessee, Williamson, Denver, Chicago
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailSmith: Israel is in a war... that could be huge for the energy markets. Mark Smith, Wells Fargo Advisors SVP, emphasizes "geopolitical risk" as the word of the day, particularly in relation to the upcoming election and its impact on the energy sector.
Persons: Israel, Mark Smith Organizations: Smith, Wells, Wells Fargo Advisors Locations: Wells Fargo
At 19%, Asia Pacific had the largest revenue growth rate of all regions this quarter. Local content strategy and investment in original content is boosting Netflix's competitive edge. Company executives and industry experts say growth in Asia had a role to play as well. Revenue growth in North America and Europe, Middle East, and Africa was tied at 16% each. 'Persistence in Asia'Some industry experts who reacted to Netflix's earnings also pointed to its local content creation strategy.
Persons: , You've, Gregory Peters, Ben Silverman, Silverman, It's, Dan Da Dan Organizations: Netflix, Service, Company, Asia, CNBC, Media Partners Locations: Asia Pacific, Asia, Japan, Korea, Thailand, India, North America, Europe, Middle East, Africa
Gen Z behavior was shaped by missing formative years during the COVID-19 pandemic. Gen Z has a lot to offer companies who know how to nurture it, experts told BI. But many Gen Zers don't agree with them, and some believe they are holding them back at work. Chang said Gen Zers prioritize companies that offer perks such as mental health days and wellness workshops. Some companies are already doing this and making themselves attractive to Gen Z talent.
Persons: Z, , Zers don't, Max Jones, It's, Richard Wahlquist, Boppana, Gen Zers, I've, she'd, Claude Akinsanya, Zers, Akinsanya, Gen, Rhea Moss, Gen Z, " Moss, Jones, Jeanie Y, Chang, Forbes, Chipotle, Moss Organizations: Service, American Staffing Association, Accenture, Nike, Morning Locations: London
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailDeutsche Bank's George Hill talks CVS shares sinking on CEO shakeupGeorge Hill, Deutsche Bank managing director, joins 'Closing Bell Overtime' to talk CVS' C-Suite shakeup and what it means for the company.
Persons: George Hill, shakeup George Hill Organizations: Deutsche, Deutsche Bank
My husband and I started to take turns going on solo international trips without our kids. We love the arrangement and I came back from my trip feeling refreshed and like a better mom. Growing up, my mom would work really hard, save money, and then take me with her on trips around the globe. This new chapter of solo adventuring helped me feel like my old selfMy first solo international trip as a mom was to Nepal. AdvertisementMy husband and I are already planning our next overseas trips in 2025.
Persons: , I'd, else's, Feng Wei, couldn't, me incredulously, He'll Organizations: Service Locations: Japan, Bhutan, Nepal, Asia, Patagonia, Australia
Price of gold is proving an unstoppable force lately
  + stars: | 2024-10-18 | by ( Fred Imbert | ) www.cnbc.com   time to read: +2 min
Gold recently regained momentum after the Federal Reserve began its easing cycle with a half-percentage point rate cut last month. However, the latest upturn comes despite rebounds in Treasury yields and the U.S. dollar too, which might be expected to take the wind from gold's sails. Higher yields typically make gold less attractive, as the metal doesn't offer any yield. The 10-year Treasury yield has soared to 4.08% from around 3.7% over the past month. The dollar index, which tracks the U.S. currency's performance against the euro, Japanese yen and others, is up nearly 3% over the past month.
Persons: Gold, Andrew Brenner, Tim Hayes, Ned Davis, Hayes Organizations: Federal Reserve, U.S, NatAlliance Securities, Ned, Ned Davis Research, Treasury Locations: NatAlliance
Harvard donations are down following a year of campus turmoil. AdvertisementHarvard saw a dip in donations in the most recent fiscal year amid a wave of big-name backers pulling their financial support after fallout from the university's response to the Israel-Hamas war. In fiscal year 2024, which ended June 30, the Ivy League institution brought in just under $1.2 billion in cash gifts, according to a Harvard financial report released Thursday. Some wealthy alumni publicly vowed to suspend donations to Harvard following the university's bungled response to the campus unrest that spread across higher education institutions nationwide last year. Earlier this month, Garber hinted at the coming downturn in donations, telling the university's student newspaper, The Harvard Crimson, that the year's commitments were "disappointing" compared to prior years.
Persons: , Alan Garber, Garber, Ritu Kalra, Kalru, Karlu, Claudine Gay Organizations: Service, Harvard, Ivy League, University, Business, Harvard Crimson, Bloomberg Locations: Israel
Why Uniqlo is thriving right now
  + stars: | 2024-10-18 | by ( Maria Noyen | ) www.businessinsider.com   time to read: +7 min
Uniqlo's parent recently reported record earnings for the third year running, bolstered by strong sales at Uniqlo. Uniqlo consumers are diverse in age and disposable income. Uniqlo thinks of itself as a tech companyTadashi Yanai, CEO of Uniqlo and founder of Fast Retailing, once said, "Uniqlo is not a fashion company — it's a technology company." Cristina Arias/Cover/Getty ImagesThat's why Uniqlo releases new collections seasonally, whereas rivals such as Zara produce about 500 new designs weekly. He thinks Uniqlo comes with "a bit of this myth of the Japanese psyche.
Persons: , Zara, Kate Yuille, Uniqlo.com Amrita Banta, Z, Banta, Martin Roll, Uniqlo, Tadashi Yanai, Toray, Yanai, Cristina Arias, Yuille, that's, Koji Watanabe Organizations: Service, Retailing, M, GU, Research, Strategy, McKinsey Locations: Japan, Zara, Hiroshima, Uniqlo, Uniqlo's
Harris’ approach to the border: Trump falsely claimed of Harris: “She was saying the other day, ‘Yes, oh yes, we want to have a border.’ The first time she ever said it. The legal status of immigrants in Springfield: Trump falsely claimed, “They just dropped 30,000 illegal aliens in Springfield, Ohio.”This is false in more than one way. And while there is no official tally of the number of immigrants in Springfield, Trump’s “30,000” figure exceeds local estimates. More about immigrants in Springfield: Trump claimed that immigrants in Springfield are on “probation,” and he added, “Probation is for prisoners.” This is false in two ways. The word “caravan”: Talking about migrant caravans, Trump repeated his false claim that he invented the term: “The caravan.
Persons: Donald Trump, Kamala Harris ’, Harris, Trump, Joe Biden, , ” Biden, Alejandro Mayorkas, Biden, ” Harris, didn’t, , , it’s, , Kamala Harris, It’s, Hurricane Helene, Hurricane Milton, ” James Hathaway, that’s, they’re, “ That’s, Ohio Sen, JD Vance, Trump’s, Mike DeWine, Vance, Chris Cook, ” Roberto Briceño, ” Trump, ” Helen Fair, hasn’t, Mike Coffman, ” Coffman, They’ve, Honduras –, Barack Obama, Obama’s, Harris “, Aaron Reichlin Organizations: Washington CNN, White, Homeland, Trump, Biden, Department of Homeland Security, ICE, Immigration, Customs, FEMA, Federal Emergency Management Agency, Congress, House Republicans, Refugee, Asylum, University of Michigan, UN, YES, ” Republican Ohio Gov, New York Times, US, , CNN, Venezuelan, of, . Migrants, Democratic, Institute for Crime & Justice, Research, Birkbeck , University of London, Republican Aurora, Central, Customs Enforcement, El Salvador, Homeland Security, American Immigration Council, ICE hasn’t Locations: El Salvador, Guatemala, Honduras, United States, Texas, Arizona, Afghanistan, , That’s, Mexico, U.S, Springfield , Ohio, Univision, Springfield, Ohio, , Cuba, Vietnam, Hungary, Czechoslovakia, Lebanon, Venezuela, Caracas, Congo, Democratic Republic of Congo, Republic of Congo, United Kingdom, Colorado, Venezuelan, Aurora, America
You have to use the strategy in moderation, and earnestly, for it to be effective, says Abrahams: "People can smell humblebrags." Think about your responsesThoughtfully responding to questions and compliments is an easy way to display humility, according to Abrahams. "When I say, 'I'm still working on my communication skills,' I'm really trying to take pressure off the other person and show that we're in this together," says Abrahams. Avoid being self-deprecating, or your colleagues will feel like you're fishing for compliments, he adds. Plus, sign up for CNBC Make It's newsletter to get tips and tricks for success at work, with money and in life.
Persons: Matt Abrahams, Abrahams, Charlene Li, I'm, Andy Jassy, Jeff Bezos, Jassy, Bezos, you've, it's Organizations: Stanford University, CNBC, Duke University, Amazon
"As evidenced by XLV [Health Care Select Sector SPDR Fund], price is back through the 50 day [moving average] on this relief rally," he said. "Not yet overbought, it looks to us like the early innings of a reacceleration back towards the highs. XLV YTD mountain Health Care Select Sector SPDR Fund year to date On top of that rally is the added benefit of dividend payouts on many health care stocks. At least 51% of the Wall Street analysts who cover each stock rates it a buy, according to FactSet data. CI YTD mountain Cigna year to date Cigna beat earnings and revenue estimates in its second quarter when it reported results in August.
Persons: Rob Ginsberg, Abbott, Robert Ford, Dickinson, Cigna, Lina Khan, Merck Organizations: Wolfe Research, SPDR, CNBC Pro, Wall Street, nab, Abbott Laboratories, Company, Cigna's, Federal Trade Commission, CVS Health, UnitedHealth, Merck, Co Locations: . Connecticut
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