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A seller is arranging onions at a vegetable market in Nagaon district, in the northeastern state of Assam, India, on February 1, 2024. This report is from this week's CNBC's "Inside India" newsletter which brings you timely, insightful news and market commentary on the emerging powerhouse and the big businesses behind its meteoric rise. Food prices, which rose an annual 8.7% in both April and May, account for nearly half of the overall consumer price basket. "The Indian economy remains hostage to intersecting food price shocks," Michael Patra, deputy governor of the Reserve Bank of India, said in his statement at the latest monetary policy meeting. "Food prices are holding back any consideration of possible changes in the monetary policy stance," he added.
Persons: Michael Patra, Jayanth Varma, bode, Sanjeev Chopra, Narendra Modi, abate, James Thom Organizations: CNBC, Reserve Bank of India, New, New India Investment Trust Locations: Nagaon district, Assam, India, New India, London
Here's a rapid-fire update on all 33 stocks in Jim Cramer's Charitable Trust, the portfolio we use for the CNBC Investing Club. Best Buy : Jim said Best Buy's pullback in recent days has created a buying opportunity in the electronics retailer. Salesforce : The stock has in recent weeks clawed back some of its post-earnings plunge , even before Thursday's 6% surge. Wynn Resorts : Wynn is another stock in the portfolio that, it's become increasingly clear, trades based on its exposure to China. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.
Persons: Jim Cramer's, Jim, Wall, Abbott, Johnson, We're, haven't, it's, Walt Disney, Estee Lauder, levered, Eli Lilly, Lilly, Morgan Stanley, Goldman Sachs, OpenAI, Jensen Huang, Nikesh Arora's, Stanley Black, Decker, TJX, We've, Wells, Charlie Scharf poaches, Wynn, Jim Cramer, Michael M Organizations: Jim Cramer's Charitable Trust, CNBC, Club, Apple, Abbott Laboratories, Prime, Web, Broadcom, VMWare, Costco Wholesale, Costco, Coterra Energy, DuPont, Walt, Disney, Nvidia, Ford Motor, Ford, Blue, Motors, GE Healthcare, GE, Management, Honeywell, Linde, Microsoft, Palo Alto Networks, Procter & Gamble, Constellation Brands, Modelo, Corona, Fed, TJX, JPMorgan, Wynn Resorts, Wynn, Jim Cramer's Charitable, Traders, New York Stock Exchange, Santiago, Getty Locations: China, Covid, Dover, Eaton, Palo Alto, U.S, Wells Fargo, Las Vegas
CNBC Daily Open: Micron slides, Amazon's $2 trillion
  + stars: | 2024-06-27 | by ( Abid Ali | ) www.cnbc.com   time to read: +3 min
A trader works on the floor of the New York Stock Exchange (NYSE) during morning trading on March 4, 2024 in New York City. This 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. Micron slidesShares of Micron fell almost 8% in extended trading on Wednesday as its revenue forecast failed to top analysts' expectations. The stock rose 3.9% on Wednesday.
Persons: Sanjay Mehrotra, Annie Palmer, Elliott Management, Shunichi Suzuki, Australia's, Arjun Jayaraman Organizations: New York Stock Exchange, CNBC, Dow Jones, Nasdaq, Nvidia, Micron, Apple, Microsoft, Southwest Airlines, Delta, U.S ., Finance, CSI Locations: New York City, Shein, Asia, Pacific, India
Brimming with entrepreneurs and around 1,000 startup companies, it embodies France's exciting tech industry. So if you could rank Europe's tech hubs, what would be your top three? But I'm really excited about Lisbon actually, I know the Mayor of Lisbon pretty well, have been hearing really positive things. I mean things like that could just be completely deprioritized, which is essentially what has been helping us move things forward in France. Under Macron what have been for you the big positives that have come out of his presidency and tech push more broadly.
Persons: Tom Chitty, Roxanne Varza, Bruno Le Maire, Tom Chitty The, you'll, Arjun, I've, Roxanne, Macron, we'd, we've, Tom Chitty Let's, Xavier Niel, he's, Roxanne Varza That's, we're, I'm, Roxanne Varza Paris, Tom Chitty Arjun, Arjun Kharpal, What's, There's, you've, haven't, They're, Roxanne Varza Big, Tom Chitty U.S, Arjun Kharpal It's, who's, that's, there's, they've, we'll, Tom, Tom Chitty We'll Organizations: Meta, Google, CNBC, Uber, Accel, Dealroom, Mistral, Viva Tech, Sequoia Capital, Big Tech, Microsoft, French Finance, London Stock Exchange, London . Locations: Paris, France, French, Europe, beyondthevalley@cnbc.com, London, Berlin, U.S, Silicon Valley, Palo Alto, Bay, Amsterdam, Lisbon, Old, Shoreditch, London . Tel Aviv
Think of it like a "supercharged 401(k) for your brain," Suzuki said. MasterClass recently partnered with neuroscientists and psychiatrists to create classes focused on improving brain health . These are a few suggestions for improving your brain health and staying mentally sharp, from the experts featured in the MasterClass series. In order to get the most benefit for brain health, your experiences have to be new and challenging, the experts emphasized. 'Be the architect of your emotions'Practicing emotional intelligence by training your brain to create emotions more flexibly greatly benefits your brain health.
Persons: Suzuki, Wendy Suzuki, Barrett, Lisa Feldman Barrett, MasterClass, neuroscientists, haven't, it's, you've Organizations: New York University College of Arts and Science, Center for Law, Massachusetts General Hospital, CNBC Locations: Massachusetts
Former President Donald Trump has promised to attack President Joe Biden specifically on inflation. Even as the Federal Reserve has raised interest rates, demand and prices have stayed high, keeping housing inflation stubbornly elevated. Where Trump standsAs president, Trump didn't pursue as many policies directly intended to make housing more affordable. While in office, Trump's proposed budgets included significant cuts to agencies that provide federal housing subsidies, including the Department of Housing and Urban Development. Trump hasn't talked much about housing policy on the campaign trail, despite arguing that Biden hasn't done enough to control housing costs.
Persons: Donald Trump, Joe Biden, Trump, Biden, , James Marshall, I'm, Kamala Harris, Janet Yellen, haven't, Trump's, suburbanites, Obama, Karoline Leavitt Organizations: Service, Business, Harvard, Federal Reserve, Tax, Union, Republicans, Biden, Department of Housing, Urban Development, Center, Budget, Trump, Homeless, NPR Locations: homeownership, Vegas, State, Nevada, Las Vegas
Read previewLast September, New York City began enforcing its strict new regulations on short-term rentals. Since then, the number of legal short-term rentals listed on Airbnb and other platforms has plummeted. Impacts of the near-banLL18 was motivated by the city's housing affordability crisis, caused in large part by a severe housing shortage. Short-term rentals, including Airbnbs, can take homes that would otherwise be lived in full-time off the market, potentially exacerbating the housing shortage. But there's some evidence, including from Irvine, California, that restricting short-term rentals can reduce rents.
Persons: , it's, Jamie Lane, Lane, hasn't, Klossner, LL18, Eric Adams, TIMOTHY A, CLARY, Scott Stringer, Airbnb, It's, Nathan Rotman Organizations: Service, Business, Mayor's, Criminal, Special, York City, Hotel, Former, Big Apple, New Locations: New York City, New, York, Irvine , California, New York
Cerebras Systems, a startup trying to challenge Nvidia on the AI chip battlefield, is reportedly headed for an IPO toward the end of 2024. This is one of the primary elements holding back even some AWS customers from using Amazon's AI chips. But, most AI developers must go through gnarly work to change their software if they want to change their hardware. His startup Vimaan is building tech for a future "dark warehouse" that requires no humans to operate. Advertisement"Am I gonna take a chance to switch out a whole infrastructure that we've built on the Nvidia platform?"
Persons: , Lior Susan, Susan, CUDA, Thomvest, they're, He's, Padval, Jensen Huang, Thomas Sohmers, Ganapathi, Vimaan, Pavdal Organizations: Service, Cerebras Systems, Nvidia, Eclipse Ventures, Business, CUDA, NVIDIA CUDA, AMD, Qualcomm, Google, Intel, UXL Foundation, Amazon's Industrial Innovation Fund Locations: CUDA
Nvidia stock is still cheap based on a forward price-to-earnings multiple, according to a hedge fund manager. Eric Jackson expects Nvidia stock to hit $250 per share by the end of the year, doubling from current levels. Jackson expects Nvidia stock to hit $250 by the end of the year, representing potential upside of 101% from current levels. And it's all because Nvidia stock is still cheap on a valuation basis, according to Jackson. AdvertisementConstellation Research and Rosenblatt have a $200 price target for Nvidia stock, while Bank of America recently reiterated its $150 target.
Persons: Eric Jackson, , EMJ Capital, Jackson, it's, Blackwell, Rubin, Jackson isn't, Rosenblatt Organizations: Nvidia, Service, EMJ, CNBC, Cisco, Wall, Constellation Research, Bank of America
Led by Quentin Koffey, Politan has nominated two further directors to the company's board, and says that without their election, management will continue to operate without oversight. "This is shareholders' last chance at meaningful change," Politan wrote in a letter to Masimo shareholders on Wednesday, laying out its case to investors ahead of the meeting. But governance improvements have fallen short of what shareholders deserve, Koffey wrote in the letter, noting that Masimo's board "does not review, approve or see a budget." Masimo took aggressive steps to fend off Politan, introducing bylaws to force the firm to reveal its shareholder list. "For more than two years, Politan has navigated unprecedented impediments thrown up by Masimo's board," the activist said.
Persons: MASI, Joe Kiani, Manjunath Kiran, Quentin Koffey, Politan, Masimo, Koffey, Michelle Brennan, Darlene Solomon, Bill Jellison, Stryker, it's, Kiani, Wilkins, Denon, Mario Tama, haven't, Russell, management's Organizations: Getty, Politan Capital Management, CNBC, Apple Watch, Sound United, Bowers, Sound, Shareholders Locations: Bangalore, Jan, Delaware, Caribbean, Irvine , California
But even clients who get through the door can be reluctant to park more assets with Citi, according to a wealth advisor. To understand the extent of Citi Wealth's tech woes and the stakes, Business Insider spoke with 14 current and former employees. Andy Sieg took over Citi Wealth in September after leaving Merrill Wealth Management. Citi Wealth clients are losing their patienceCiti receives 27,000 monthly complaints from wealth customers, according to the audit. Getting bank statements emailed is difficult for Citi private bank clients when it's a matter of checking a box at other major banks.
Persons: , Andy Sieg, Roth, Ernst & Young, EY, Merrill Lynch, Sieg, Morgan Stanley, Kris, Wells, Mike Mayo, Jane Fraser, Shadman Zafar, Alois Pirker Organizations: Service, Revlon, Citi, Business, Ernst, Citi Wealth, Merrill Wealth Management, Morgan, Citigroup, Apple, Microsoft, Bankers, Employees, Work, Fidelity, Advisors
Read previewIn a surprise move that sent shockwaves throughout the junior Wall Street community on Monday, a series of leading private-equity firms kicked off recruiting for lucrative positions that won't start for two more years. The intense rite of passage known as "on-cycle recruiting" left some junior investment bankers scrambling to get in on a flurry of hastily arranged interviews. More than half a dozen industry sources confirmed to Business Insider that associate recruiting started on Monday evening. Last year, some candidates scored offers that surpassed $300,000 in all-in comp (including base salary and bonus), BI previously reported. One person with intimate knowledge of the recruiting process said that other firms that had yet to conduct their own interviews would likely refuse to start recruiting so early.
Persons: , Clayton, Rice, hadn't, haven't, It's, Reed Alexander Organizations: Service, Wall, Business, Apollo Global Management, KKR, Labor Locations: Dubilier, New York City
If you've been waiting until the last minute in hopes of snagging a July 4 travel deal, it's time to take the plunge. Katy Nastro, a travel expert at Going, tells CNBC Make It that holding out for a super-cheap flight is a strategy that is likely to backfire. "You don't want to wait any longer hoping and praying that some magic cheap flight is going to drop in price by 50%," she says. You're more likely to find a better price on winter holiday flights than you are for the July 4 holiday. "You're more likely to find a better price on winter holiday flights than you are for the July 4 holiday," she says.
Persons: you've, snagging, Katy Nastro, Nastro, Tang Ming Tung, Izusek, Erlon Silva Organizations: CNBC, TSA, Airlines, Google, Tri Locations: Katy
Learn moreWe don't have long left to wait for this year's summer sales bonanza, as Bezos and the gang have just confirmed the Amazon Prime Day deals event for July 16 and 17. As the name suggests, the Prime Day deals will be exclusively available to members of Amazon Prime. Prime Day deals starting alreadyAmazon has set up an early landing page for various early Prime Day deals promotions. We'll update our roundup of the best early Prime Day deals as the event approaches in mid-July. We're talking about discounted MacBooks and Airpods for Apple Prime Day deals.
Persons: We've, Dyson, we'd, you've Organizations: Business, Amazon Prime, Black, Apple Prime, Day
Rival United Airlines — second to Delta in net profit margins — is circling. Delta plans to open Delta One lounges in Boston and Los Angeles later this year, and is studying airports where it could open others. Like other airlines, Delta accepted billions in federal aid to weather the pandemic. Luxury air travel and the United States didn't go together for many years — and might not still, if you ask well-heeled globetrotters. And at Delta and other airlines, many of the perks for luxury flyers come through lounges.
Persons: Benoit Tessier, Ed Bastian's, Bastian, Ed Bastian, John F, Raymond James, Savanthi Syth, Andrew Nocella, Patrick Quayle, Quayle, Richard Anderson, Anderson, Delta, Barack Obama's, They're, Shai Weiss, Claude Roussel, Joe Biden, United States didn't, Henry Harteveldt, Scott Kirby Organizations: Airbus, Delta Air Lines, Reuters Delta Air Lines, Transportation Department, Rival United Airlines —, CNBC, Delta Air Lines Inc, Bloomberg, Getty, American Express, Kennedy International Airport, United, Boeing, U.S, Labor, Southwest Airlines, U.S ., JetBlue Airways, Delta, Corporate, Northwest Airlines, Endeavor, Virgin, American, Sky Club, New, LaGuardia, Etihad Airways, Singapore Airlines, Atmosphere Research, Airlines, Sky Clubs, Los Angeles International Airport, JFK, American Airlines, JPMorgan, Consumer Electronics, Starbucks Locations: punctuality, New York, Delta, Chicago, Boston, Los Angeles, Dubrovnik, Croatia, Amman, Jordan, Cape Town , South Africa, Atlanta, U.S, Queens, N.Y, United, Tokyo, York, United States, Las Vegas
Summer plans may have just been dashed for federal student loan borrowers hoping to see their payments drop in July. Federal judges in Kansas and Missouri issued rulings on Monday on separate lawsuits aiming to block further implementation of President Joe Biden's Saving on a Valuable Education income-driven repayment plan. Some borrowers have already seen their loans forgiven due to the SAVE plan. "The Department of Justice will continue to vigorously defend the SAVE Plan," Secretary of Education Miguel Cardona said in a statement. Borrowers can continue to enroll in the SAVE plan if they haven't already, according to the Federal Student Aid website, which says it will provide more updates soon.
Persons: Joe Biden's, Biden, Education Miguel Cardona, Cardona Organizations: Department, Justice, SAVE, Education, Republican, Higher, Federal, Aid Locations: Kansas, Missouri
Suffice it to say, I was eager to test the Silk & Snow Wooden Bed frame. Silk & Snow Wooden Bed Frame The Silk & Snow Wooden Bed Frame is a reasonably priced bed frame made of sustainable wood that doesn’t require any tools or screws for assembly. AdvertisementThe Silk & Snow wooden bed frame uses a tool-free Japanese joinery techniqueEach piece of the wooden bed neatly frame slots together, using the Japanese joinery technique. Alex Temblador/Business InsiderThe king-sized Silk & Snow Wooden Bed Frame arrived in three large, heavy boxes. Alex Temblador/Business InsiderThe Silk & Snow Bed Frame is proof that a Japanese joinery-style wooden bed frame doesn't have to be expensive.
Persons: I'd, Read, Albert Chow, Kenneth Mo, Snow, Veritree, Alex Temblador, wasn't, haven't Organizations: Business, Thuma Locations: California, Canadian, Toronto, Southeast Asia, Vietnam
My journey into van life began when I was a kid, listening to my grandpa's stories about road trips around Mexico and the US. Gerardo Rios GarciaAt just over 46 square feet, my van poses significant challenges. Financial independence is another significant benefit of my van life. Van life has been an incredible journey of self-discovery and growthThe van parked on a city street. However, I truly believe living in a van has positively impacted my professional and academic life.
Persons: , grandpa, Gerardo Rios Garcia, van, I'm, I've, Gerardo Rios Garcia Van, There's, haven't Organizations: Service, Columbia University, United Nations, Volkswagen, Business, Columbia University's, UN Locations: Manhattan, Mexico, North America, Arizona, Albuquerque , Kansas City, Indianapolis
Informational interviews can be a valuable way to grow your career. "You show up, you share your story, you ask questions about their background," says Gorick Ng, Harvard career advisor and creator of the "How To Say It" flashcard series for professional communication. You can reach out to people you know directly"First degree connections are people that you already know," says Ng. Again, you're jogging people's memory of who you are (if they need it), you're being clear about why you're reaching out and who you'd like to be connected with and you're explaining why you're reaching out to them, specifically. "You're making a super targeted request that you're super serious about because you've done your homework," says Ng.
Persons: Gorick Ng, Ng, you've, It's, I'm, it's, I'd Organizations: Harvard
Firms like Correlation Ventures, 645 Ventures, and Fly Ventures have long used data and AI to help guide investment decisions. AdvertisementEarlier this year, Sri Chandrasekar, a partner at Point72 Ventures, noticed a startup in his portfolio was having a breakout week. Related stories"If you go to any venture firm's website, you'll find that half the names are not doing anything to do with investing," Chandrasekar said. Advertisement"If you look at the large firms, they got very, very large in the last few years," said Andy McLoughlin, managing partner at Uncork Capital. Venture firms will have to remake themselves into a combination of people and A.I."
Persons: , Matt Krna, Krna, Sri, Chandrasekar, Christina Melas, Andreeseen Horowitz, Andy McLoughlin, James Currier, Currier, McLoughlin Organizations: Service, Business, Ventures, Fly Ventures, Point72 Ventures, Bain Capital Ventures, Bain Capital, Catalyst, Lightspeed, Uncork, Venture, Deloitte, San Locations: San Francisco, Sri Chandrasekar
A collection of stocks with strong earnings potential and discounted valuations may be a good way for investors to find value in the market. CVX YTD mountain Chevron stock. FDX YTD mountain FedEx stock. Altria Group is the most discounted stock on the list, with the stock's trailing 12-month P/E representing a 116% haircut compared with its five-year average. MO YTD mountain Altria Group stock.
Persons: Peer, haven't, Mike Wirth, Thomas Wadewitz Organizations: Nvidia, Broadcom, Qualcomm, CNBC Pro, CNBC, Stock, ., Chevron, Exxon Mobil, FedEx, UBS, U.S . Postal Service, Altria, U.S . Food, Drug Administration, Conagra Brands, Marathon Petroleum Locations: U.S
AdvertisementAyomikun Adekaiyero: The series does a great job of showing how this toxic masculinity among the men — particularly Aegon, Daemon, and Criston — escalates this conflict. I think he's a character that — don't get me wrong, I love Daemon — got a little bit muddied in season one. Ayomikun: Also, though I do believe both Aegon and Daemon want war for the wrong reasons, they're kind of right? Ayomikun: Criston and Aegon are really like that "It's always two dumb people telling each other exactlyyyyy" meme. Ayomikun: The fight was a truly brilliant scene, especially since we as the audience can't really tell which twin is which.
Persons: , Daemon Targaryen, Aemond, Lucerys Velaryon, Jaehaerys, Helaena, she's, Eammon Jacobs, Palmer Haasch, Ayomikun Adekaiyero, Caralynn Matassa, Theo Whitman, Palmer, Alicent, Otto, Phia, Criston, Tom Glynn, Carney, Rhaenyra, Tom, I've, Lucerys, Olivia, Rhaenys, Hugh Hammer, Ollie Upton, we've, Westeros, Hugh, Clinton Liberty, Abubakar Salim, Addam, Alyn, Corlys, it's, Poor, Ewan, It's, Daemon, She's, HBO Palmer, Jace, Baela, Ser Harwin, Bethany Antonia, Harry Collett, Hightower, Rhaenyra Rhaenyra's, Theo Whiteman, they're, Daemon —, Matt, Emma, Viserys, imbeciles, Arryk, Hand, Daeron, Erryk Organizations: Service, Aegon II, Business, Greens, Aegon, HBO, Costco Locations: Driftmark, Westeros, Westerostco, Hull, Aemond, King's, Alicent, Oldtown, Rhaenyra
Read previewPresident Joe Biden and former President Donald Trump are set to face off later this week in the earliest major presidential debate on record. The first presidential debate of the 2024 election will be Thursday, June 27 at 9 p.m. Then-President Donald Trump eyes former Vice President Joe Biden during the final debate of the 2020 election. In late April, Biden told radio host Howard Stern he would debate Trump. Trump will be in Virginia, a state that hasn't gone for the GOP in a presidential election since 2004.
Persons: , Joe Biden, Donald Trump, Morry Gash, Trump, Biden, Jake Tapper, Dana Bash, Biden team's, Daniel Dale, Tapper, David Chalian, Robert F, Kennedy Jr, Kena Betancur, Kennedy, Nicole Shanahan, Kennedy's, we’ve, hick, O, hite, ake, ike, orward, egan, orth Organizations: Service, Clear, Trump, Business, CNN, New York Times, Getty, O bama Locations: Max, Atlanta, AFP
TubeMogul was competing for an ad tech partnership with Netflix, so Lee learned about the company's own technology and culture. Lee started working at Netflix on its digital marketing programmatic buying team in 2014, earning a salary of $110,000. "It was actually perfect timing that I got laid off," Lee says of being part of Meta's November 2022 job cuts. While she wants to continue increasing her salary, money alone isn't enough. On her TikTok, YouTube and Instagram accounts, Lee shares career and lifestyle advice based on her experiences.
Persons: Sora Lee, Lee, Mickey Todiwala, she'll, hustles, Lee didn't, she's, you've, TubeMogul, Andrew Evers, Lisa Setyon, haven't, Jackson, Tesla, doesn't, I'm, Lee isn't Organizations: CNBC, University of California, TikTok, ByteDance, Netflix, Meta, Facebook, Child, Savings, Porsche, YouTube Locations: Berkeley, South Korea, San Mateo , California, TikTok, RSUs, TubeMogul, New York, Austin , Texas, Los Angeles, Meta's, Lake Tahoe, U.S
AdvertisementTaylor Swift is joined onstage by Travis Kelce during The Eras Tour in London. This was especially evident during The 1989 World Tour, which ran for nearly seven months in 2015. Mostly thanks to her talent and partially thanks to her self-spun underdog narrative, she had enjoyed years of headlines like "Taylor Swift: America's Sweetheart" and "Taylor Swift Is the Music Industry." Taylor Swift is joined onstage by Serena Williams, Karlie Kloss, and more during The 1989 World Tour in London. Perhaps bringing Kelce onstage felt as natural to Swift as writing a love song about him.
Persons: , Taylor Swift, Travis Kelce, Swift, haven't, cuddling, Joe Alwyn, Gareth Cattermole, Alwyn, Calvin Harris, Karlie Kloss, Lena Dunham, Kobe Bryant, Dayna Evans, Taylor, Serena Williams, Brian Rasic, Kim Kardashian, Ye, she's, It's, overexposed, it's Organizations: Service, Business, Kobe, Music Industry, Swift Locations: London, British
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