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Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThere's really 'an inflection point' in the small-caps, says RBC's Amy Wu SilvermanAmy Wu Silverman, RBC Capital Markets head of derivatives strategy, joins 'Squawk Box' to disuss the latest market trends, what the options market is saying about the November rally, and more.
Persons: Amy Wu Silverman Amy Wu Silverman Organizations: RBC Capital Markets
Nvidia's revenue triples as AI chip boom continues
  + stars: | 2023-11-21 | by ( Jordan Novet | ) www.cnbc.com   time to read: +4 min
The company's data center revenue totaled $14.51 billion, up 279% and more than the StreetAccount consensus of $12.97 billion. With respect to guidance, Nvidia called for $20 billion in revenue for the fiscal fourth quarter. During the quarter, Nvidia announced the GH200 GPU, which has more memory than the current H100 and an additional Arm processor onboard. As recently as two years ago, sales of GPUs for playing video games on PCs were the largest source of Nvidia's revenue. Nvidia faces obstacles, including competition from AMD and lower revenue because of export restrictions that can limit sales of its GPUs in China.
Persons: Colette Kress, Kress, Raymond James, Srini Pajjuri, Jacob Silverman, Degas Wright Organizations: Nvidia, LSEG, Energy, Microsoft, AMD Locations: China, East, Australia
Mattel hopes a new hire will help it expand its content slate, following the blowout box office success of "Barbie." The toy maker, home to Hot Wheels and American Girl, announced Thursday that it has hired former Fox and Sony exec Michelle Mendelovitz as head of Mattel Television Studios. "I look forward to the impact Michelle and Mattel Television Studios will have on expanding the content slate to the delight of our fans around the globe." Mendelovitz previously held senior roles at Disney 20th Television Studios, Apple TV+, Sony Pictures Television and CBS Television Network. "Hot Wheels Let's Race" and "Masters of the Universe: Revolution" are a few of the new releases planned for the upcoming year.
Persons: Mattel, Barbie, Michelle Mendelovitz, Josh Silverman, Michelle, Mendelovitz, Thomas, It's, Ynon Kreiz, Barney, Max Organizations: Girl, Fox, Sony, Mattel Television Studios, Mattel, Disney 20th Television Studios, Apple, Sony Pictures Television, CBS Television Network, Thomas &, CNBC, Cartoon Network
LOS ANGELES (AP) — A Los Angeles man was charged Monday with murder for allegedly killing his wife and her parents, then stuffing dismembered body parts into a trash bag, prosecutors announced Monday. “On Nov. 7, Haskell allegedly hired four day-laborers to take away several heavy black plastic trash bags from his home in Tarzana," the statement said. ”One of the laborers opened one of the bags and allegedly observed human body parts. However, they haven't been officially identified, the Los Angeles County medical examiner's department told KNBC-TV. “We suspect that the torso ... is the body of Mei Haskell," Deputy District Attorney Beth Silverman said Monday.
Persons: Samuel Haskell, Joseph Gutierrez, wasn't, Haskell, Mei Li Haskell, Gaoshan Li, Yanxiang Wang, , haven't, Mei Haskell, Beth Silverman, , ” Silverman Organizations: ANGELES, Los Angeles County, Attorney's, Los Locations: Los Angeles, Tarzana, San Fernando Valley, Encino, Los Angeles County
Yeah, when asked how they met, she was like, ‘I was his Uber driver on the way over.’” — JIMMY FALLON“Aw, that’s so sweet! Man, you look for love your whole life, and you finally find it with a respectable-looking woman just two months before the Iowa caucus. I mean, what are the odds?” — SARAH SILVERMAN“He really should have just proposed right there, got down on one knee, like, ‘Mindy, would you make my campaign manager the happiest man alive?’” — SARAH SILVERMAN“It’s just too bad for Tim that he had to get this nonunion actor to play his girlfriend. I mean, if he had waited one more day for the strike to end, he could have gotten a professional actor fake girlfriend.” — SARAH SILVERMAN“It’s a smart move by Tim Scott. He’s never going to be president, but at least people will know that he has a fake girlfriend, so that’s good: ‘She lives in Canada, you guys don’t know her.’” — JIMMY FALLON
Persons: , JIMMY FALLON “, Tim Scott’s, jury’s, Tim Scott, ” — SETH MEYERS “, Uber, ’ ”, JIMMY FALLON “ Aw, SARAH SILVERMAN “, ‘ Mindy, SARAH SILVERMAN “ It’s, Tim, ” — SARAH SILVERMAN “, He’s, JIMMY FALLON Organizations: JIMMY FALLON “ Politico Locations: Iowa, Canada
CNN —A suspect who was taken into custody in last month’s killing of Detroit synagogue president Samantha Woll has been released, the suspect’s lawyer said Saturday. Still, Woll’s killing has rattled Jewish community members still grappling with Hamas’ deadly October 7 attacks on Israel and the ensuing conflict. Police did not identify the suspect in Woll’s killing. Under Michigan state law, suspects cannot be detained longer than 72 hours without a court hearing. Woll had been her “normal positive and pleasant self” at the wedding prior to her killing, White noted, citing police interviews.
Persons: Samantha Woll, James E, White, Allison Kriger, Isaac, ” White, Woll, “ Sam, Rabbi Ariana Silverman, Organizations: CNN, Detroit Police, Police, Detroit Free Press, Detroit Police Department, ” Police, Prosecutors Office Locations: Detroit, Israel, United States, Michigan, Wayne
Still, the US presence highlighted the deepening ties between Hollywood and the region , as Western media, entertainment, and sports entities have seen major investment in recent years from Saudi, Qatar, and the UAE. Even before October 7, US entities that were receiving investment from the Middle East were reluctant to speak publicly about those relationships. Insider spoke with investors, producers, and other media and entertainment stakeholders about what's next for Hollywood's relationships with Mideast backers. Qatar hasn't seen any recent major deals but earlier this year, Peter Chernin and Providence Equity's production roll-up The North Road received $150 million from the Qatar Investment Authority. "The political nature gets more complicated," an industry insider observer said, noting how countries like Qatar are grabbing headlines for their role in the situation.
Persons: haven't, Jamal Khashoggi, Israel, it's, Knaebel, They're, Greg Silverman's, Silverman, Harry Potter, Chris Nolan's, Abu Dhabi's, Ari Emanuel, Peter Chernin, Jeff Zucker, LIV Golf Organizations: Film, Washington Post, Hollywood, Global Media, Saudi, Stampede Ventures, Warner Bros, Endeavor, Qatar hasn't, Providence, North, Qatar Investment Authority, IMI, CNN, Investment Fund, PGA Locations: Saudi Arabia, American, Jeddah, Saudi, Qatar, UAE, Gaza, Israel, Germany, Silver
An employee walks past a quilt displaying Etsy Inc. signage at the company's headquarters in the Brooklyn. Shares of Etsy fell more than 4% in extended trading Wednesday after the company released third-quarter results that missed analysts' estimates for revenue, and forecast a decline in gross merchandise sales, or GMS. Etsy reported a net income of $87.9 million, or 64 cents per share, while it reported a net loss of $963.1 million during the same period last year. Etsy said it expects GMS to decline slightly on a year-over-year basis for its fourth quarter. The segment also served as a major sales catalyst during the company's second quarter, as it grew roughly 21% year over year.
Persons: Etsy, Josh Silverman Organizations: LSEG, LSEG Revenue, GMS, Services, Nasdaq, CNBC PRO Locations: Brooklyn, Etsy's, Etsy
SolarEdge — The solar stock cratered 23% after SolarEdge posted a dismal third-quarter report and outlook for the current quarter's revenue. SolarEdge lost 55 cents per share, excluding items, while analysts polled by LSEG, formerly known as Refinitiv, forecast a gain of 89 cents per share. The company guided revenue for the current quarter to between $300 million and $350 million, well under the $688 million anticipated by analysts. Qualcomm surpassed analysts' estimates in its fiscal fourth quarter, reporting adjusted earnings of $2.02 per share on revenue of $8.67 billion. Etsy beat analysts' estimates for earnings in the third quarter but fell short of Wall Street's expectations on revenue.
Persons: SolarEdge, LSEG, Josh Silverman, Etsy, Roku, Roku's, DoorDash, Clorox, Sarepta, FactSet, Darla Mercado, Sarah Min, Jesse Pound, Scott Schnipper Organizations: LSEG, Revenue, Qualcomm —, Qualcomm, Electronic Arts, Arts, Wall Street, Tandem Diabetes Care, Ritz, Therapeutics Locations: FactSet
(AP) — As the United States injects hundreds of billions of dollars into clean energy through its signature climate law, known as the Inflation Reduction Act, criticism is growing louder about where, how and whether new development should be allowed. MIT is offering a first-of-its-kind course that trains students to be mediators in conflicts over clean energy projects. Students get academic credit and hands-on experience addressing real-world dilemmas, while the community and developer get free help resolving conflict. In one recent Friday afternoon class, students debated everything from environmental justice concerns to misinformation to oil companies. He hopes to create a similar national consortium of universities serving communities and projects in their respective regions regarding clean energy.
Persons: , Larry Susskind, Susskind, stokes, ” Susskind, ” Leyla Uysal, “ It’s, “ We’re, ” It’s, Abraham Silverman, he’s “, Silverman, Larry, Patrick Field, ” Chaudhuri, Sarah Mills Organizations: Massachusetts Institute of Technology, MIT, Cipher News, Associated Press, Washington D.C, Cell, MIT Renewable Energy Clinic, Harvard University, Power, Google, Columbia University, New, New Jersey Board of Public Utilities, Consensus, , , University of Michigan, AP Locations: CAMBRIDGE, United States, Washington, New York, California, Chicago, Michigan, New Jersey, Cambridge, loggerheads
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailSilverman: Recent options activity shows waning interest in mega-cap tech stocksAmy Wu Silverman, Head of Derivatives Strategy at RBC Capital Markets, discusses market breadth, options activity, and the weighting of the Magnificent Seven stocks.
Persons: Silverman, Amy Wu Silverman Organizations: RBC Capital Markets
Dimon and his family intend to sell 1 million of their 8.6 million shares, according to the filing. That is a tiny percentage of the shares outstanding in JPMorgan which has a market capitalization exceeding $409 billion, according to LSEG data. Dimon has no current plans to sell more stock, but could consider doing so in the future, the spokesman added. Shares of JPMorgan slid more than 3%, falling with peers Bank of America (BAC.N), Citigroup (C.N) and Wells Fargo (WFC.N). So far this year, JPMorgan shares have risen 1.4%, outperforming the S&P 500 Banks Index (.SPXBK), which has declined 18%.
Persons: JPMorgan Chase, Jamie Dimon, Dimon, Octavio Marenzi, Marenzi, they're, Schumer, Evelyn Hockstein, Wells, Brian Mulberry, Mulberry, Ben Silverman, Mike Mayo, James Gorman, Morgan Stanley, Peter Orszag, Dave Ellison, Hennessy, Scott Siefers, Piper Sandler, Siefers, Niket, Lananh Nguyen, Nupur Anand, Shilpi Majumdar, Shinjini Ganguli, Mike Harrison, Jonathan Oatis Organizations: JPMorgan, First Republic Bank, Forbes, U.S, Capitol, REUTERS, Bank of America, Citigroup, Zacks Investment Management, Wells, Wall Street, Lazard, Hennessy Funds, Banks, Thomson Locations: U.S, America, Washington , U.S, Wells Fargo, Bengaluru, Lananh, New York
State Senator Stephanie Chang, a longtime friend, said that since Oct. 7, when Hamas attacked Israel, Ms. Woll had been talking with Jewish and Muslim community leaders about helping civilians on the ground. She would always, he said, “draw out the best in everybody.”Speaking at the funeral, he noted the diverse crowd in attendance, which he said represented what Ms. Woll was about. “We have in this room, Muslims and Hindus, Catholics and Christians and Jews and all kinds of races, and everyone loves Sam and was affirmed by Sam,” he said. Rabbi Ariana Silverman of the Downtown Synagogue spoke about Ms. Woll’s recent work guiding the renovation of the synagogue, her leadership on fund-raising efforts and her openness to other viewpoints. “She certainly had her own convictions,” Rabbi Silverman said, “but she would really listen to different ideas and had the remarkable ability to say, ‘Let me think about it, and I will get back to you.’”
Persons: Stephanie Chang, Woll, Rabbi Asher Lopatin, Sam, , Rabbi Ariana Silverman, ” Rabbi Silverman, Organizations: Jewish Community Relations Council Locations: Israel, Bloomfield Hills, Mich
In Los Angeles, Rabbi Sharon Brous, a well-known progressive activist who regularly criticizes the Israeli government, described from the pulpit her horror and feelings of “existential loneliness,” her voice breaking. From email listservs of progressive Jewish groups to protests on university campuses to social-media campaigns by prominent liberal Jewish celebrities like Sarah Silverman, the war is bringing to a head more than a decade of tensions about Israel on the American left. Interviews with dozens of liberal Jewish leaders and voters, and a review of social media posts, private emails and text chains of liberal Jewish groups, reveal a politically engaged swath of American Jewry who are reaching a breaking point. He sent hundreds of letters to Los Angeles city officials urging them to denounce the organization and label it a “hate group.” The D.S.A. Polling since the attacks indicates strong national backing for Israel, including a notable uptick in support among Democrats.
Persons: Rabbi Sharon Brous, , , I’m, Sarah Silverman, Benjamin Netanyahu, Nick Melvoin, Rabbi Abraham Joshua Heschel, Martin Luther King Jr, Eric Spiegelman, Spiegelman, Biden, Trump, Israel, ” Eva Borgwardt, IfNotNow Organizations: West Bank, Democratic Party, New Israel Fund, Israel, Facebook, Jewish, Los Angeles Unified School Board, Democratic Socialists of America, Democratic, Younger, U.S, Capitol Locations: Gaza, Los Angeles, Atlanta, Israel, Angeles, Palestine, United States, America, New York City, American
New York CNN —Growing unrest in the Middle East has cast a shadow on global financial markets. Israeli stocks listed in New York and Tel Aviv have sunk to recent lows, underscoring the growing economic uncertainties in the war-torn region and leaving investors unsure of where markets go from here. Funds in the US hold more than $43 billion in Israeli stocks and bonds, according to a Bloomberg tracker. Big names, big exposure: As the war continues, businesses with headquarters, factories and inventory in Israel appear increasingly at risk to geopolitical turmoil. “If the war remains confined between Israel and Palestinians, it’s likely that the markets will forget about it after a few days,” he wrote.
Persons: , Steven Schoenfeld, Jamie Dimon, , Benjamin Netanyahu, Raffi Boyadjian, Sam Stovall, Nathaniel Meyersohn, drugstores, David Silverman, Bill Ford, Vanessa Yurkevich, Ford, Jim Farley, Shawn Fain Organizations: CNN Business, Bell, New York CNN, Nasdaq, Funds, Bloomberg, Hamas, Bank of Israel, JPMorgan, Israel Innovative Technology, Mobileye, Tower Semiconductor, Teva Pharmaceutical, XM, CVS, Walgreens, Walmart, Fitch, Ford Motor Company, United Auto Workers, Big Three, UAW, Monday, Ford Locations: New York, Tel Aviv, New Jersey, Israel, United States, Canada, China, Ukraine, Kippur, Kuwait, Kansas City, drugstores, Rouge, Dearborn , Michigan
Why so many drug stores are closing
  + stars: | 2023-10-16 | by ( Nathaniel Meyersohn | ) edition.cnn.com   time to read: +3 min
Now, they are closing thousands of stores, leaving gaps in communities for medicines and essentials. It comes amid walkouts by Walgreens pharmacists and technicians around the country and at CVS stores in Kansas City over low pay and understaffed stores. Drug store strugglesRite Aid’s bankruptcy reflects long-term struggles in the retail pharmacy industry. Walgreens and other drug stores have closed thousands of stores in recent years. But this strategy requires fewer brick-and-mortar retail stores.
Persons: Angus Mordant, Justin Sullivan, drugstores, , David Silverman, ” Silverman, Drugstores Organizations: New, New York CNN, Rite Aid, Bloomberg, Getty Images Rite, Walgreens, CVS, Walmart, Fitch, Aetna, Pharmacy, McKinsey . Rite, American Medical Association Locations: New York, Kansas City, drugstores
I need to have him back, in good shape – like before he left Thailand.”Thai workers at a vineyard in southern Israel. David Silverman/Getty Images/FILE‘Palestinian workers weren’t welcome anymore’Migrant workers from Asia make up more than half of Israel’s foreign work force, often taking on jobs as caregivers and within the construction industry. Human Rights Watch called for the “immediate and unconditional release” of all hostages and said that Thai workers, along with Nepalese and Filipinos, “were simply there to earn money to support their families. Migrant workers migrating to dangerous conflict zones in search of work, with little protection and legal enforcement, has been a “big issue for decades,” said British researcher and migrant worker rights specialist Andy Hall. Thailand itself is a major destination for migrant workers, mainly from poorer neighboring countries like Cambodia and Laos, as well as war-torn Myanmar.
Persons: Chumporn, Manee Jirachart, Jobs, Manee, He’d, Srettha Thavisin, , Phil Robertson, Lillian Suwanrumpha, Phiphat Ratchakitprakarn, ’ Manee, , ” Chumporn, David Silverman, Paul Castelvi, Nick, Paul, Ladizhinskaya, Kav LaOved, Israel ”, ” Ladizhinskaya, Robertson, , Andy Hall, ” Hall, Martin Griffiths Organizations: Bangkok CNN, Hamas, CNN, , Asia, Human Rights Watch, Getty, Labour, CNN Philippines, Rights, Agency, UN Locations: Bangkok, Thailand, Israel, Gaza, United States, Canada, France, Asia, Palestinian Territories, Philippines, “ Thailand, AFP, Palestine, China, San Fernando, Pampanga, , Cambodia, Laos, Myanmar
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailSilverman: If mega-cap tech stocks are okay, a broader market sell-off is unlikelyAmy Wu Silverman, Head of Derivatives Strategy at RBC Capital Markets, discusses options activity and market volatility.
Persons: Silverman, Amy Wu Silverman Organizations: RBC Capital Markets
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailSilverman: Options activity around mega-cap tech has soured in recent monthsAmy Wu Silverman, Head of Derivatives Strategy at RBC Capital Markets, discusses sentiment and activity in the options market.
Persons: Silverman, Amy Wu Silverman Organizations: RBC Capital Markets
Headwinds are piling up for the market heading into the final week of the month, as September lives up to its reputation as a horrible month for Wall Street. Wolfe Research's Rob Ginsberg pointed out in a note this week that the CBOE Volatility Index (VIX) doesn't suggest much fear in markets. "We have a potential shutdown in Washington, as well as the UAW strike, which could potentially create some volatility in jobs data in particular." But investors heading into the final trading week of September will likely see a continuation of those losses, if history is any indication. "We could see the market experience additional weakness over the next several weeks," said Sam Stovall, chief investment strategist at CFRA.
Persons: Wolfe, Rob Ginsberg, VIX, Amy Wu Silverman, Aditya Bhave, Shannon Saccocia, Saccocia, there's, RBC's Wu Silverman, what's, Goldman Sachs, Scott Rubner, Sam Stovall, Michael Bloom, Jeff Cox Organizations: Wall, Dow Jones, Reserve, Bank of America U.S, UAW, CFRA, Costco Wholesale, Nike, Chicago, Dallas Fed, New, Richmond Fed, Costco, Micron, . Kansas City Fed Manufacturing, BEA, Auto, PCE Deflator, Chicago PMI Locations: Washington, Detroit, . Kansas, Chicago, Michigan
Martin and other authors are suing ChatGPT owner OpenAI claiming copyright infringement. It follows a series of lawsuits writers launched against OpenAI over similar accusations. This latest lawsuit joins a series of legal disputes that writers have launched against OpenAI on similar accusations of copyright infringement. Associated Press, for instance, struck a two-year agreement with OpenAI that gives the AI company permission to train ChatGPT on its archive of news stories. As for the Authors Guild, writers "must have the ability to control if and how their works are used by generative AI," Authors Guild CEO Mary Rasenberger wrote in a statement.
Persons: George R.R, Martin, OpenAI, , John Grisham, Mona Awad, Paul Tremblay, Weeks, Sarah Silverman —, Christophe Golden, Richard Kadrey —, It's, Mary Rasenberger, Rasenberger Organizations: Service, OpenAI, of, Hollywood, The New York Times, Stability, Getty, Associated Press, Authors Guild Locations: Wall, Silicon, ChatGPT, Southern, of New York
NEW YORK (AP) — John Grisham, Jodi Picoult and George R.R. Martin are among 17 authors suing OpenAI for “systematic theft on a mass scale,” the latest in a wave of legal action by writers concerned that artificial intelligence programs are using their copyrighted works without permission. “Great books are generally written by those who spend their careers and, indeed, their lives, learning and perfecting their crafts. The online giant is now asking writers who want to publish through its Kindle Direct Program to notify Amazon in advance that they are including AI-generated material. Amazon is also limiting authors to three new self-published books on Kindle Direct per day, an effort to restrict the proliferation of AI texts.
Persons: — John Grisham, Jodi Picoult, George R.R, Martin, OpenAI, David Baldacci, Sylvia Day, Jonathan Franzen, Elin Hilderbrand, Mary Rasenberger, Direwolves, Michael Chabon, David Henry Hwang, , Sarah Silverman, Paul Tremblay, Organizations: Authors, Amazon, Kindle Locations: New York, U.S, San Francisco, California
New York CNN —A group of famous fiction writers joined the Authors Guild in filing a class action suit against OpenAI on Wednesday, alleging the company’s technology is illegally using their copyrighted work. Martin, Jodi Picoult, John Grisham and Jonathan Franzen are among the 17 prominent authors who joined the suit led by the Authors Guild, a professional organization that protects writers’ rights. “Generative AI threatens to decimate the author profession,” the Authors Guild wrote in a press release Wednesday. Two other authors sued OpenAI in June over the company’s alleged misuse of their works to train ChatGPT. Authors should have the right to decide when their works are used to ‘train’ AI,” author Jonathan Franzen said in the release on Wednesday.
Persons: OpenAI, George R.R, Martin, Jodi Picoult, John Grisham, Jonathan Franzen, Mary Rasenberger, , Sarah Silverman, Silverman –, ” Sam Altman, Rasenberger, James Patterson, Roxane Gay, Margaret Atwood —, Organizations: New, New York CNN, OpenAI, Authors, of, CNN, Amazon, Meta, San, Microsoft Locations: New York, Southern, of New York, San Francisco federal
The state of California on Friday filed one of the most significant cases against major oil companies for their role in perpetuating climate change. The oil companies named as defendants are BP , Chevron , ConocoPhillips , Exxon Mobil , and Shell . The state is seeking an abatement fund paid for by the defendants that will finance recovery efforts for the future damage of human-caused climate change. It also asks that the oil companies and their trade group pay a share of the damages from extreme weather disasters worsened by climate change. Shell, based in the U.K., maintained that its position on climate change "has been a matter of public record for decades."
Persons: Rob Bonta, Korey Silverman, Columbia University's, Silverman, Newsom, API's, Ryan Meyers, Roati Organizations: Exxon, American Petroleum Institute, Chevron, ConocoPhillips, Exxon Mobil, Shell, Columbia, Climate Change, California Gov Locations: San Francisco , California, California, San Francisco, Chevron, Texas
The raw materials for creating AI
  + stars: | 2023-09-15 | by ( Alistair Barr | Kali Hays | ) www.businessinsider.com   time to read: +5 min
The AI models behind this technology are built using high-quality datasets from millions of different sources. These are the raw materials for model "training," in industry parlance. Nvidia GPUs are the main hardware required for AI model training. AdvertisementAdvertisementOver 8,000 authors, including Margaret Atwood and James Patterson, signed an open letter demanding compensation from AI companies for using their works to train AI without permission. Got a tip or insights about the leading AI companies OpenAI, Google, Microsoft and Meta?
Persons: ChatGPT, Nat Friedman, Ben Thompson, Friedman, There's, OpenAI, Reddit, Sarah Silverman, Margaret Atwood, James Patterson, JK Rowling's Harry Potter, Alistair Barr Organizations: Service, Nvidia, Tech, Amazon, LexisNexis, Meta, Google, Microsoft, Twitter Locations: Wall, Silicon, abarr@insider.com
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