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Diamond rings are displayed in a cabinet inside a De Beers SA store in Hong Kong, China, on Thursday, Sept. 14, 2017. Photographer: Calvin Sit/Bloomberg via Getty ImagesAnglo American plans to spin off its highly prized De Beers diamond unit as part of a sweeping restructuring of its 107-year-old business as it seeks to fend off persistent takeover bids from mining rival BHP Group . The British miner said in a statement Tuesday that De Beers could be divested or demerged to "improve strategic flexibility." CEO Duncan Wanblad said the restructure, which represents "the most radical changes to Anglo American in decades," would help streamline the business and provide greater value to shareholders. The announcement comes just a day after Anglo rejected an improved takeover proposal from BHP.
Persons: Bruce Cleaver, Calvin Sit, De Beers, Duncan Wanblad, Wanblad, Organizations: De Beers SA, Bloomberg, Getty, BHP Group, BHP Locations: Hong Kong, China, London
Deutsche Bank maintained a hold rating on Nvidia ahead of earnings next week, while Wells Fargo raised its price target. The firm downgraded shares to neutral from buy while lowering its price target to $35 from $55. He has a $850 price target on shares, indicating shares pulling back nearly 6% from Monday's close. The analyst raised his price target on the stock to $1,150 from $974, implying upside of more than 27%. He also raised his price target to $78 from $68, implying upside of 19% from Monday's close.
Persons: Wells Fargo, Roth, Roblox, Eric Handler, Handler, — Hakyung Kim, Tesla's, Elon Musk's, Tesla, Dan Levy, Levy, Hakyung Kim, Jefferies, Boston Beer, Samuel Adams, seltzer, Kaumil, Boston Beers, Seltzer, Gajrawala, Ross Seymore, NVDAs, Seymour, Wells Fargo's Aaron Rakers, Rahul Krotthapalli, Krotthapalli, Fred Imbert Organizations: CNBC, Nvidia, Deutsche Bank, JPMorgan, Roth Capital Partners, Barclays, Jefferies, Boston Beer, Boston, Deutsche, Fitness Locations: Monday's, Boston
Toby To Yan Choi left his accounting job in California to help his father run a food stall in Hong Kong. Dai pai dongs — Hong Kong's open-air stalls serving food with a no-frills approach — are disappearing. The number of dai pai dongs in all of Hong Kong has dwindled to just over 20, according to the Hong Kong Tourism Board. The braised white pepper pork hock is one of the signature dishes at Dai Lee Dai Pai Dong. AdvertisementHe's gotten married since moving to Hong Kong and plans to move back to the US if he and his wife have kids.
Persons: Toby, Yan Choi, Dai pai dongs, , Santa Barbara, Choi, Dai Lee Dai Pai Dong, pai, Hong Kong, He's, Hong Kong Dai pai dongs, Hong, sizzling woks, Agnes Chee Yan, Wei, pai dongs, Tiffany Leung, Faye Bradley, wasn't, Shawn Cai, Law Chun Chuen, Dai Lee Dai Pai, Yan Choi There's, they've, Tony Lee, Mok Wah Ho, Ales, Yan Choi He's, Betty Richardson, dongs, Chee, I'm Organizations: Service, University of California, Kong's, Hong Kong Tourism Board, China Morning Post, Young Locations: California, Hong Kong, Santa, Hong, Sham Shui, Sham, China, Shanghai
Read previewI remember when the Mediterranean diet first became one of the hottest fads in the nutrition community — all of a sudden, my Greek salads looked super appetizing to my college roommates. Now, it's been named the healthiest diet in the world for the seventh year in a row. The condiment is a Mediterranean-diet staple and an easy swap for just about any sauce. Hanasch/ShuttershockJust because you're following a Mediterranean diet doesn't mean you can't enjoy dessert. AdvertisementYou don't need to cut out dairy to enjoy the Mediterranean dietAlthough some may say the Mediterranean diet limits cheese and dairy, my family would beg to differ.
Persons: , it's, you'd, Krzysztof Slusarczyk, creamer Organizations: Service, Business Locations: Greece, Mediterranean, tangier
I stopped shopping at Whole Foods in 2012, but recently went back to see if anything had changed. I eventually realized that other supermarkets better supported my shopping habits and lifestyle, and I stopped going to Whole Foods in 2012. Now, I can easily visit Wegmans for plant-based foods and shop at Safeway for milk alternatives or locally-produced ice cream, so Whole Foods no longer stands out. I found the prices at Whole Foods to be expensiveSmall snacks and produce at Whole Foods are usually more expensive than at other supermarkets. AdvertisementI did see products from the 365 label, Whole Foods' house brand, that were cheaper than similar items at the store.
Persons: , I've, Jamie Davis Smith, gelato, what's, I'm Organizations: Foods, Service, Amazon, Safeway, Whole Foods Locations: Washington ,
"I don't have the capacity to think through, well, what if, what if, what if," Menendez told me. Mayor Bhalla told me that he began contemplating his primary challenge shortly after the elder Menendez was first indicted in September. AdvertisementSitting in his recently opened campaign office, the mayor told me that the most important facet of his candidacy was his fight against New Jersey's party boss-driven political culture. "Everything here is a headline or a deadline driving the process," Councilman Paul Presinzano said of Mayor Bhalla. Menendez looks on as Bhalla's opening remarks at a Jersey City candidate forum are filmed by a cameraman.
Persons: Rob Menendez —, Sen, Bob Menendez —, Ravi Bhalla, Menendez, , Rob Menendez, Bob Menendez, who's, that's, frat bro, I've, Stephen Chernin, he's, father's, Phil Murphy, Bhalla, Pete Buttigieg, outraise Menendez, Ted Shaffrey Bhalla, Menendez —, there's, They're, Andy Kim, Tammy Murphy, James Solomon, you've, hasn't, bossism, Anna Moneymaker, deriding, didn't, I'm, wasn't, we're, It's, Sam Bankman, rZ6H2IB4N0, — Rob Menendez, @RobMenendez4NJ, Councilwoman Tiffanie Fisher, Kim, Fisher, Paul Presinzano, Union City —, Donald Trump, Bryan Metzger, Rob's, Tammy Murphy's, He's, Cory Booker, Rob Menendez Bhalla, Steve Fulop —, corruptly Organizations: Hoboken, Service, Nike Air Force, Gov, Port Authority of New, New Jersey ., Sikh American, Congress, South, AP, New, Democratic Rep, First, Jersey City, Getty, Lipton Tea Company, House Transportation, Infrastructure, Union City, Homeland Security, Democratic, House Democratic, Facebook Locations: New Jersey, Manhattan, Jersey, Hoboken, Port Authority of New York, he's, Jersey City, Washington ,, Washington and NJ, Menendez's, Union City
Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. Jim Cramer suggested some of Apple's AI commentary Thursday night could be a factor in the Google parent's stock move. We continue to believe the market is underappreciating Coterra's ability to pullback production in natural gas in favor of oil. 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 .
Persons: Jim Cramer, That's, Jim, Tom Jorden, Jorden, Nelson Peltz, Peltz, Jim Cramer's Organizations: CNBC, Apple, Conference, Nasdaq, Google, Federal Reserve, Institute for Supply, Coterra Energy, Diamondback Energy, Cinco, Cinco de Mayo, Constellation Brands, Corona, Modelo, Disney, Jim Cramer's Charitable Locations: U.S, Cinco de
Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. Jim Cramer has said repeatedly the Fed does not need to cut anytime soon. 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 . Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street.
Persons: Jim Cramer, Jerome Powell, Jim, Eli Lilly, Eaton, Lilly, We're, McDonald, , Jeff Marks, Jim Cramer's Organizations: CNBC, Dow Jones, Nasdaq, Federal, Fed, GE Healthcare, Constellation Brands, Molson Coors, TAP, Modelo, Corona, Web Services, Microsoft, Starbucks, Jim Cramer's Charitable Locations: China, Will
As anchor department stores left malls, so did some name-brand chains like Ruby Tuesday, Chili’s, Applebee’s and others. What’s taking their place illustrates a large shift in US tastes: There’s a boom in smaller and regional restaurant chains with a local following. At the same time, many national chains are prioritizing drive-thru locations over their sit-down restaurants in malls. Chick-fil-A restaurants were only located in mall food courts for the company’s first 20 years. “Traditional mall restaurants were casual dining chains like Chili’s, TGI Fridays, and quick-service restaurants in food courts.
Persons: Ruby, What’s, Paul Hennessy, , Chris Simms, Simms, Gabby Jones, Mark Hunter, CBRE, RJ Hottovy, ” Hottovy, David Kim, ” Kim, It’s Organizations: New, New York CNN, Anadolu Agency, Getty, , Food, JCPenney, Nordstrom, Green, Westfield Garden, Bloomberg, Deloitte, NV Locations: New York, Applebee’s, Orlando , Florida, Paramus , New Jersey, United States, Greenbriar, Atlanta, Korean, Henderson
I travel by air every couple of months, and always think about a single, burning question: What makes for a great airplane movie? Not movies about being on planes. “The Ministry of Ungentlemanly Warfare,” the latest offering from the director Guy Ritchie, is a perfect airplane movie. But you’ve got to watch something, and for that, we have movies like this one. Ritchie didn’t always make airplane movies.
Persons: Guy Ritchie, shouldn’t, you’ve, Ritchie didn’t, , Guy Ritchie’s Organizations: Ungentlemanly
Lauren and Steven Keys built a million-dollar portfolio from scratch, which set them up to quit their full-time jobs in their 20s and pursue various side projects and creative work. "We made, honestly, zero sacrifices on our journey," Steven said, noting that they never budgeted or tracked their spending. The couple kept the cost of their hobbies in check and sometimes even found ways to monetize them. In fact, it made us significantly more money than it cost us in the first place," said Steven. Playing Magic: The Gathering, on aggregate over my lifetime, has actually made me money, not cost me."
Persons: Lauren, Steven Keys, Steven, we're Organizations: Business, Bureau of Labor Statistics — Locations: The Florida, United States
Constellation Brands reported better-than-expected quarterly earnings Thursday, driven by strength in its beer business that more than offset continued weakness in wines and spirits. Management's upbeat forecast for fiscal year 2025 should send the stock to new all-time highs. Constellation Brands Why we own it : We like Constellation Brands for its beer franchise, which includes popular Mexican brands Modelo, Corona and Pacifico. More importantly, the sales gains in the beer business are almost entirely driven by volume gains, not higher prices. Management cited Circana channel data as evidence that its beer business outperformed the total U.S. beer category and remained the top dollar sales share gainer.
Persons: Jim Cramer's, Bill Newlands, Beer, Crawford, Meiomi, Robert Mondavi, Jim Cramer, Jim, Justin Sullivan Organizations: Constellation Brands, Modelo, Anheuser, Busch Inbev, Molson Coors, Constellation, Modelo Especial, Corona, Pacifico, Management, High, Woodbridge, Lumina, Enterprise, CNBC Locations: Corona, Pacifico, STZ, Pacific, San Rafael , California
This is “Modern Love.” Today, I’m talking to the most famous couples therapist in the world, Esther Perel. esther perelOK. “What Sleeping with Married Men Taught Me About Infidelity” by Karin Jones. [MUSIC PLAYING] “I’m not sure it’s possible to justify my liaison with married men, but what I learned from having them warrants discussion. anna martinWhen we come back, I talk to Esther about the harsh criticism this essay got and why Esther thinks Karin Jones deserves more credit. esther perelThe homewrecker is always a woman because the woman is the one who says yes, and therefore, if the woman hadn’t said yes, then he wouldn’t be able to do it.
Persons: anna martin, ” I’m Anna Martin, I’m, Esther Perel, , ” Esther, esther perel, anna martin Oh, Esther, I’d, it’s, you’ve, anna martin You’re, esther perel Yes, It’s, Karin Jones, ” esther perel, you’re, Karin Jones’s “, We’re, anna martin Wow, ” “, anna martin Esther, Karin, anna martin Oof, “ I’m, messaged, , couldn’t, we’ve, they’re, esther perel Ha, I’ve, anna martin Right, hadn’t, wouldn’t, anna martin Huh, there’s, doesn’t, anna martin So, anna martin We’ve, esther perel Hi, Anna Organizations: The New York Times, of Affairs Locations: , Belgium, Flemish, Spanish, London, United States
Earlier that year, the Czech government filed a lawsuit against Poland, detailing how the mine was negatively affecting the surrounding environment and draining groundwater. News of signs like the one at the pub in Bogatynia spread quickly across Czech and Polish media, drawing more public attention to the dispute. I went to Bogatynia to investigate how the political conflict was affecting relationships between the communities at the border. Local people claim they go to the Czech Republic to grab beers, and Czechs go to Poland to shop. One resident said that Poles live even closer to the mine and have never noticed any damage to the environment.
Persons: , I’d, Big Organizations: Justice Locations: Bogatynia, Poland, Czech Republic, Czech, Polish
Denver Beer Co. Courtesy: Denver Beer Co. Alcohol-free beverage options have skyrocketed over the past few years, and that trend has especially picked up in the form of nonalcoholic beer in Denver, an epicenter for craft breweries. Courtesy: Ceria Brewing CompanyDenver's beer sceneFood trend expert Kara Nielsen said that because Denver is such a beer-centric city, the rise of nonalcoholic beer and spirits fits with the city's narrative. But then, he said, nonalcoholic and alcohol-free beer became trendy, attracting more mainstream customers.
Persons: Technomic, Keith Villa, Villa, Jodi, Keith, Jodi Villa, Kara Nielsen, Nielsen, It's, Niki Sawni, Sawni, he's, hasn't, Niki, Anika Sawni Organizations: Denver Beer, Denver Beer Co, Anheuser, Busch, Ceria Brewing Company, CNBC, Ceria Brewing, Grüvi Locations: Denver, Rocky, Technomic, NielsenIQ, Colorado
Constellation Brands stock is looking like it could be ready to break out, with its strong beer business well-positioned for market share gains in the upcoming fiscal year. Morgan Stanley anticipates Constellation to continue gaining market share at the expense of Bud Light during this period. Since Constellation tends to boast industry-leading results in its beer business, we're confident it will deliver strong numbers again next week. Over the past few years, Constellation has been trying to boost sales in its wine and spirits business — shifting from lower-priced brands to more premium names. While wine and spirits make up a small part of Constellation's overall business, Jim has said it must go.
Persons: It's, Jim Cramer, Morgan Stanley, Jeff Marks, Jim, Bud Light, Marks, Piper Sandler, Newlands, Kim Crawford, Eli Lilly, Elliott, Jim Cramer's, Justin Sullivan Organizations: Constellation Brands, Anheuser, Busch Inbev, Modelo, Nielsen, Cinco de Mayo, Bud Light, Constellation, Piper, Elliott Investment Management, CNBC Locations: Corona, Pacifico, U.S, GLP, Modelo, San Rafael , California
In January, Taylor Swift wore more than $108,000 worth of diamond earrings on the Golden Globes red carpet. Taylor Swift wears De Beers diamonds at the 2024 Golden Globe Awards. Axelle/Bauer-Griffin/Getty ImagesSwift wore three earrings on each ear, including a $68,500 pair of De Beers Arpeggia three-line danglers inspired by Beethoven's "Moonlight Sonata." She also sported a $34,900 pair of the brand's Arpeggia one-line earrings, a $2,000 cuff in the style Dewdrop, and one stud in a classic round shape that ranges in price, starting at $3,350. Together, her diamond earrings cost at least $108,750.
Persons: Taylor Swift, Bauer, Griffin, Swift, De Beers, Beethoven's Organizations: Globes
And Cinépolis, a theater chain that offers a "luxury movie-going" experience, recently caught my eye. It was available at my local AMC, but Cinépolis has about half the screens, so it can't show every movie in theaters. I bought my ticket on the Cinépolis site on Friday afternoon for a showing that night. At my local AMC, I can control the recline of the footrest and chair back separately, which makes for a more comfortable experience. When broken down, each movie ticket is about $2.
Persons: , It's, I'm, Harvey, Cinépolis, Bob Marley, Julz Harvey, chow, Julz Harvey It's, it's, Julz Harvey Cinépolis, I'd Organizations: Service, AMC, Business, showtime Locations: Cinépolis
New York CNN —Stella Artois, the nearly century-old brew, isn’t immune to the difficulties facing beer sales, so it’s drafting one of the world’s most recognizable personalities to help the lager return to its former glory: David Beckham. On Tuesday, the Anheuser-Busch InBev-owned brand introduced the former soccer superstar as the new face of its beer, naming Beckham as its “official ambassador” for Stella Artois. David Beckham is the new face of Stella Artois. Beckham joins fellow soccer superstar Lionel Messi in the A-B ambassador portfolio. “Beckham certainly gives Stella Artois the kind of top-tier recognition that A-B has historically leaned on to gain attention,” Sightline’s Roth said.
Persons: New York CNN — Stella Artois, David Beckham, Beckham, , Stella Artois, weren’t, Bump, it’s, ” Bryan Roth, Richard Oppy, Oppy, Victoria Beckham, David, ” Oppy, Matt Damon, Zoe Saldana, Lionel Messi, Bud Light, “ Beckham, ” Sightline’s Roth, , ” Roth, Messi “ Organizations: New, New York CNN, Anheuser, Busch InBev, Bump Williams Consulting, Feel Goods Company, CNN, InBev, Maserati, Wimbledon, Roland, Garros, Inter Miami CF, Major League Soccer, Bowl, North America, Bud Light Locations: New York, Europe, America
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHow Athletic Brewing Co. became the king of nonalcoholic beerAthletic Brewing Co. is a midsize craft brewing company based out of Milford, Connecticut. Like most craft brewing operations, Athletic Brewing pumps out IPAs, dark beers, lite beers, hazy, special edition and maybe even fruity offerings during the summer. Similar to other breweries, you'll find huge industrial barrels of hops and wheat, and maybe a couple of brewing awards displayed. But the one thing you won't find at Athletic Brewing is alcohol.
Organizations: Brewing Co, Athletic Brewing Locations: Milford , Connecticut
A man is suing the government for $9.5 million after he crashed into a Black Hawk helicopter. AdvertisementA Massachusetts lawyer is suing the government for $9.5 million after he crashed into a Black Hawk helicopter while riding a snowmobile, The Associated Press reported. AdvertisementA Black Hawk helicopter. Michael CiagloThe Black Hawk helicopter is a multi-role aircraft designed to aid ground troops and armed escorts, according to the manufacturer Lockheed Martin's website. Black Hawk helicopters are perhaps most famous for their role in the mission that led to the killing of former Al-Qaeda leader Osama bin Laden in 2011.
Persons: Jeff Smith, , Smith, Douglas Desjardins, there's, Michael Ciaglo, Osama bin Laden Organizations: US Army, Service, Hawk, Associated Press, Army, AP, Black, Federal, snowmobilers, Lockheed Martin's Locations: Massachusetts, Al
Three months into my sobriety, I took an all-inclusive vacation. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . But, unlike the previous times I had gone on the wagon, this time, I would be doing it for myself. As I had my challenges with binge drinking in my 20s, I had avoided all-inclusive resorts since a vacation in my teens, when my brother and I were accidentally given adult bracelets and our parents turned the other cheek.
Persons: , Grandma Bevy, I'd, pina coladas poolside, sipping, curt, hesitantly, I'm, Beverly Mendel Organizations: Service, sipping White Locations: New York, Montreal, Cana
Since then, I've lived in places like Wales, the Czech Republic, Spain, Italy, and Greece. But I loved immersing myself in new cultures, forming close friendships, and discovering new delicacies in every possible city. I felt knowledgeable about my destinations from my education, books, and television, but you never truly know a country until you've lived like a local. Here are 11 things that surprised me during my travels. AdvertisementLiving in Spain can require a lot of paperworkSome parts of Spain still embrace the tradition of siesta.
Persons: , Lucia, I've, you've, Shutterstock There's, Lucian, Nasha Smith, haven't, St, Nasha Smith Kentucky Fried Organizations: Service, Business, siesta, KFC, Barbados, Rihanna Locations: St, Wales, Czech Republic, Spain, Italy, Greece, Prague, Crocetta del, Venice, Bologna, Texas, New York, Kansas , Mississippi, Tennessee, Europe, Caribbean, Olympia, Skafidia, Barcelona, Llobregat, Barcelona's, Nasha Smith Kentucky, Asia, New Zealand, Detroit , Louisiana, Central Europe, Czech
Guillermo was looking forward to meeting Larry, expecting “some casual fun.”Then, when Guillermo and Larry met, there was “chemistry” right away. “Palm Springs had seats, so I booked my standby flight, got to Palm Springs, checked into this resort. Then, a few days after meeting Larry, Guillermo got an unexpected phone call from his mother in Costa Rica. Guillermo’s love of flying meant that, for him, the four-hour journey across the country was part of the fun. The last piece of the puzzleGuillermo and Larry love to travel together, here they are in Florence, Italy.
Persons: Guillermo Barrantes, Larry Mock, ” Guillermo, Guillermo, wasn’t, , , , Larry, Guillermo swiped, who’d, Larry’s workdays, he’d, – Guillermo, , ’ ” Guillermo, Guillermo’s, compartmentalize, Guillermo Barrantes “, confiding, ’ ”, Larry . Long, Guillermo “, ” Larry, “ Love, Guillermo didn’t, peppering, Larry – who’d, they’d, Adele, hadn’t, Guillermo wasn’t, don’t, didn’t, Larry’s, Here's Guillermo, Heather Thompson, ” “, Rihanna, Larry –, sipped, they’ve Organizations: CNN, CNN Travel, American Airlines, , Palm, Logan Airport, Dallas, San, Dallas Arboretum Locations: Palm Springs, California, Boston , Massachusetts, Texas, Palm, Dallas , Texas, Springs, Costa Rica, Boston, Dallas, Boston’s, Logan, Guillermo’s city, Delta, San Francisco, Hawaii, Florence, Italy
The embarrassing blunder shows how AI tools still struggle with the concept of race. Google’s attempt to overcome this, however, appears to have backfired and made it difficult for the AI chatbot to generate images of White people. Gemini, like other AI tools such as ChatGPT, is trained on vast troves of online data. Experts have long warned that AI tools therefore have the potential to replicate the racial and gender biases baked into that information. This screen grab shows CNN asking Google Gemini to create an AI-generated image of a "White farmer in the South" and the tool's response.
Persons: OpenAI’s Dall, Gemini, Clare Duffy, , , Jack Krawczyk, Bard, James Webb Organizations: New, New York CNN, Google, CNN, White, Tech, Gemini, James Webb Space Telescope Locations: New York, White, Dublin ”
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