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Hong Kong CNN —When the new iPhone 16 went on sale, locals couldn’t help but notice some less familiar faces flocking to Hong Kong’s Apple stores: Russians holding piles of cash. “We want to buy as many as possible,” one Russian buyer, Nick Alexenkov, told CNN outside the Apple store in Tsim Sha Tsui, a busy shopping district in Hong Kong. Alexenkov, the iPhone purchaser in Hong Kong, said he expected to turn a profit of up to 25% for each phone despite offering to pay 12% above the retail price to acquire those phones in Hong Kong. A man holds an Apple iPhone 16 Pro Max ahead of the launch of sales of the new iPhone 16 series smartphones in a store in Moscow, Russia September 20, 2024. A man from Hong Kong, who tried to sell two 1-terabyte Pro Maxes, complained that, at $2,027 each, the Russian buyers weren’t offering enough.
Persons: Nick Alexenkov, Vladimir Putin, , Max, Alexenkov, Evgenia Novozhenina Organizations: Hong Kong CNN, Kong’s Apple, CNN, Apple, Mobile, MTS, ” Reuters, Reuters Locations: Hong Kong, Tsim Sha, Ukraine, Russia, Moscow, Eldorado, Russian, Central
Tom Simek got fit at 59 after being diagnosed with osteoporosis and high cholesterol. Now 72, he's competed in "American Ninja Warrior" and won medals in the National Senior Games. The retired building contractor based in Santa Fe had spent his working life prioritizing his family and business over his health. 4) Better sleep"When you're fit, your mind works better, and you sleep better," Simek said. And research shows that being physically active is linked to better sleep quality, according to Dr. Charlene Gamaldo, the medical director of Johns Hopkins Center for Sleep.
Persons: Tom Simek, he's, , Simek, Elizabeth Morris, Charlene Gamaldo Organizations: National Senior Games, Service, Senior, NBC, University of Michigan, Senior Games, Mobility, BMC Health Services Research, Experimental Gerontology, Johns Hopkins Center for Sleep Locations: Santa Fe, New Mexico
Researchers at the Field Museum scan a mummified individual displayed in the "Inside Ancient Egypt" exhibition. Ancient Egyptians believed that the soul remained inside the body after death, so embalmers mummified bodies to preserve the spirit for the afterlife, according to Field Museum scientists. A Field Museum researcher analyzes composite scans of a mummified child. On display at the New York World’s Fair for two years, he then returned to the Field Museum after getting lost in the luggage and being sent to San Francisco. “One of the big things for these ancient Egyptian individuals is how you continue to live after death.
Persons: JP Brown, Morgan Clark, , Stacy Drake, Horus, Imsety, Hapy, Qebehsenuef, Brown, , you’ve, Lady Chenet, Drake, ” Brown, They’ll, Lady, embalmers, ” Drake, we’re, Bella Koscal Organizations: CNN —, Chicago’s Field, Field Museum, , . Field, Field, Museum Locations: Egypt, Chicago, New York City, York, San Francisco
Over time, Pompeii was forgotten, and it wasn’t until centuries later that excavations unearthed evidence of the tragic event. Archaeological Park of PompeiiAncient DNA sequenced from bone fragments preserved within the plaster casts at the Pompeii site has upended some long-held assumptions about bodies found together. Other worldsAstronomers have been searching the Kuiper Belt on the edge of our solar system for a hidden ninth planet for more than a decade. CNN/Adobe StockFor years, astronomers have searched the edge of our solar system for evidence of an unseen world called Planet Nine. They find wonder in planets beyond our solar system and discoveries from the ancient world.
Persons: Giuseppe Fiorelli, , ” Aaron Fowler, Lady Chenet, embalmers, Ashley Strickland, Katie Hunt, Jackie Wattles Organizations: CNN, Australian Broadcasting Corp . Local, Chicago’s Field, Adobe, NASA, CNN Space, Science Locations: Beach, Denmark, Western Australia, Antarctica, Colombia, Poland
In this photo illustration, the OpenAI logo is displayed on a mobile phone screen with a photo of Sam Altman, CEO of OpenAI. OpenAI estimates that ChatGPT rejected more than 250,000 requests to generate images of the 2024 U.S. presidential candidates in the lead up to Election Day, the company said in a blog on Friday. The rejections included image-generation requests involving President-elect Donald Trump, Vice President Kamala Harris, President Joe Biden, Minnesota Gov. The number of deepfakes has increased 900% year over year, according to data from Clarity, a machine learning firm. Lawmakers have been particularly concerned about misinformation in the age of generative AI, which took off in late 2022 with the launch of ChatGPT.
Persons: Sam Altman, ChatGPT, Donald Trump, Kamala Harris, Joe Biden, Tim Walz, JD Vance, OpenAI, Alexandra Reeve Givens, Trump Organizations: Minnesota Gov, Lawmakers, Center for Democracy & Technology, CNBC Locations: Minnesota
Oil prices fall as Hurricane Rafael expected to start weakening
  + stars: | 2024-11-08 | by ( ) www.cnbc.com   time to read: +1 min
Mobile offshore drilling units stand in the Port of Cromarty Firth in Cromarty, U.K., on Tuesday, June 23, 2020. Oil prices fell slightly on Friday as the risk that a hurricane in the Gulf of Mexico will affect U.S. oil and gas output declined while the market continues to weigh how President-elect Donald Trump's policies might affect supplies. Brent crude oil futures fell 26 cents, or 0.3%, to $75.37 per barrel by 0209 GMT. U.S. West Texas Intermediate (WTI) crude gained 35 cents or 0.5% to $72.01. A strong dollar makes oil more expensive for other currency holders and tends to weigh on prices.
Persons: Donald Trump's, Brent, Rafael Organizations: . West Texas, U.S, National Hurricane Center Locations: Port, Cromarty, Gulf, Mexico, Brent, of Mexico, U.S, Iran, Venezuela, China
You can delete your X account by deactivating it on the X website or mobile app. Related Video 5 ways Elon Musk shook up Twitter as CEOHow to delete your X account on iPhone or AndroidOpen the X app on your iPhone or Android. Jaures Yip/Business InsiderHow to delete your X account on desktopGo to the X website and log in to your account. Jaures Yip/Business InsiderHow to delete the X appIf you're not ready to delete your X account but want to take a break from the social network, you can delete the app from your device without deleting your entire account. How to reuse your username or email on XWhen you delete your X account, your username is deleted along with it.
Persons: , Elon Musk, Jaures Yip, You'll Organizations: Service
These are the most overbought stocks after Trump's win this week
  + stars: | 2024-11-08 | by ( Pia Singh | In | ) www.cnbc.com   time to read: +4 min
Several software companies could be due for a pullback after the stock market's roaring rally this week, fueled by president-elect Donald Trump's election victory as well as robust quarterly earnings reports. Shares of video game makers Take-Two Interactive Software and Electronic Arts are two of the stocks that are technically overbought right now, according to the analysis. The most overbought stock this week was human capital management software company Dayforce, with an RSI of 92.4. But higher prices and expectations of normalizing pricing, which helped Coke guide its organic revenue growth this year to the high end of a prior forecast, could lead the stocks higher. Other oversold stocks include power generation company AES , as well as radio frequency equipment maker Qorvo and Regeneron Pharmaceuticals — the latter two of which were also oversold the previous week.
Persons: Donald Trump's, Trump, Morgan Stanley, Mills, Dr Pepper Organizations: Major, Dow Jones, Nasdaq, CNBC Pro, Companies, Electronic Arts, Software, Gilead Sciences, AES, Regeneron Pharmaceuticals Locations: Major U.S, Gilead
Generative AI wasn't part of the lexicon for most of us during President-elect Donald Trump 's first four years in the White House. At a high level, generative AI is a cutting-edge form of technology that will shape the next decade and beyond. While the AI field has been around for decades, generative AI applications can create new content, including computer code, human-like text and images, in response to user prompts. Those that lead in generative AI will very likely shape the world as we know it. With 5G, Trump didn't just hope the U.S. could just fun faster than everyone else.
Persons: Donald Trump, ChatGPT, Kamala Harris, Trump, Elon Musk, OpenAI, JD Vance, Vance, Joe Biden's, Trump's, OpenAI's Sam Altman, Alphabet's Sundar Pichai, Jim Cramer, it's, Jim, they're, Jim Cramer's, Callaghan Organizations: Trump, Billionaire, Republican, Big Tech, Republican Party's, GOP, 5G, Mobile, Sprint, Verizon, Nvidia, Microsoft, Huawei, Biden, Deutsche Bank, South China, Taiwan Semiconductor Manufacturing, Apple, Washington, Intel, Eaton, Trust, CNBC, Convention Center, Callaghan O'hare Locations: Ohio, U.S, United States, America, We've, China, Taiwan, South, Beijing, Palm Beach, West Palm Beach , Florida
A man on a mobile phone walks past a Bank of China Ltd. branch in Guangzhou, Guangdong Province, China, on Thursday, March 27, 2014. China's largest state-owned banks are likely to see their record low profit margins decline even further as Beijing's broader stimulus package comes into play, analysts say. Still, that was 18 basis points lower from the beginning of this year. At the end of June, overall commercial bank margins dropped to 1.54%, a record low, according to official data from the national financial regulatory administration. They see NIM for state-owned banks contracting by 15-25 basis points in 2024, and "mid- to- high single-digit basis points" next year.
Persons: Agricultural Bank of China —, NIM, Karen Wu Organizations: Bank of China Ltd, — Industrial, Commercial Bank of China, China Construction Bank, Bank of China, Agricultural Bank of, Bank of, CNBC, Morningstar Locations: Guangzhou, Guangdong Province, China, China's, Agricultural Bank of China, Bank of China, Beijing
studioEAST | Getty ImagesSome LinkedIn users have reported receiving unsolicited flirtatious messages via the platform, with expert Bernie Hogan at the Oxford Internet Institute saying the employment-focused social website is increasingly being used for dating purposes. "It's just a gross feeling ... it's gross, it's unprofessional," Huddy told CNBC. "LinkedIn is not a workplace, it merely frames itself as a workplace," he told CNBC Make It. A recent Forbes Health Survey of 1,000 Americans who have used dating apps in the past year found that 78% felt fatigued emotionally, mentally, or physically by dating apps sometimes, often, or always. "So LinkedIn has effectively created a dating site without dating," Hogan added.
Persons: Bernie Hogan, Blair Huddy, Huddy, She's, Shriya, DatingNews.com, Hogan, Courtney Boyer, Boyer, Sasha Dutta, Dutta, Oscar Wong Organizations: Getty, Oxford Internet Institute, Hudson Davis Communications, CNBC, LinkedIn, Microsoft, Facebook, Forbes Health Survey Locations: studioEAST, Los Angeles, U.S, Central Florida, Asian
“Our Executive Slaves will come get you in a Brown Van,” the message read, “be prepared to be searched down once you’ve enter the plantation.”A text message received by Monét Miller. But that day, with the climate and everything going on, I genuinely felt scared.”Black social media users across the country said they have received text messages similar to Miller’s. Various Clemson University students reported receiving the text messages, prompting a public statement from the school. It is unclear who is behind the mass text messages, what motivated them or how they obtained phone numbers for swaths of Black people. Although college students seem to be the most targeted with the texts, Black people of varying ages have reported receiving the messages.
Persons: Monèt Miller, Donald Trump, , Monét Miller, Monet Miller Miller, ” Miller, Domonique, ” Valles, “ TextNow, , Brian Hughes, Trump, ” Hughes, Corryn Freeman, ” Freeman, John Anthony, ” Anthony, ‘ let’s, Miller Organizations: White, Ohio State University, Clemson University, University of Southern, Missouri State University, NBC News, Kappa Alpha Psi, FBI, U.S . Department of Justice, & Safety, Police, , NAACP, Democrats weren’t, Black Republican, Federal Communications Commission Locations: Atlanta , Georgia, Brown, South Carolina, University of Southern California, Domonique Valles, Virginia, Fort Lauderdale , Florida, Illinois, Trump
Starbucks' mobile app appeared to be down during the morning coffee rush on Thursday. AdvertisementSome Starbucks customers could not place orders through its mobile app on Thursday, the first day of the coffee chain's holiday menu. The message that some Starbucks app users saw on Thursday. Alex Bitter/BIDowndetector, a website that tracks website outages, showed a spike in user reports of problems with the Starbucks app around 8 a.m. Related Video Meet the Amazon warehouse workers paying the price for fast, free shippingThursday is the first day Starbucks' holiday offerings are on sale.
Persons: , Alex Bitter, chai, Gould 🖤, rinks., rian Organizations: Starbucks, Service, Business Locations: Washington ,, New York City
Shares of U.S. Cellular and Telephone and Data Systems may be due for more gains following President-elect Donald Trump's victory, according to Raymond James. Its $86 price target for U.S. Cellular reflects 32% upside, while Telephone and Data Systems' target of $51 implies more than 56% upside, as of Wednesday's close. Analyst Ric Prentiss thinks Trump's win signals a weaker regulatory environment that could ultimately pave the way for T-Mobile's $4.4 billion acquisition of most of U.S. Cellular to go through . TDS USM 6M mountain TDS vs. USM, six-months Both stocks have had a positive run this year, with shares of U.S. Cellular seeing gains of nearly 57% and Telephone and Data Systems advancing more than 77% year to date. The stocks have had an even bigger run in the past six months, surging around 83% and more than 111%, respectively.
Persons: Donald Trump's, Raymond James, Ric Prentiss, Prentiss Organizations: U.S . Cellular, Telephone, Data Systems, U.S, Cellular, USM
Intel is bringing back free beverages for its employees at worksites. AdvertisementIntel will once again offer free coffee and tea to its employees after slashing the perks as part of its cost-cutting efforts. The chip manufacturer said free in-office beverages would return to worksites in an internal message in a bid to improve morale, the Oregonian reported. Intel told employees it would stop providing free beverages and fruit at worksites. a former Intel employee told BI.
Persons: , Paul Otellini, OpenAI, Bob Swan, Jaque Silva Organizations: Intel, Service, Oregonian, Business, Apple, Nvidia, Reuters, Getty, Samsung Locations: worksites, OpenAI, Oregon
The Bank of America Institute found the top eight cities where people are moving for cheaper rent. "Consumers would rather pack their bags than pay a higher rent, and that can play out in two ways," Joe Wadford, an economist at the Bank of America Institute, tells CNBC Make It. Cleveland, Ohio Ken Redding | The Image Bank | Getty ImagesTop 8 U.S. cities where people are moving for cheaper rentCleveland, OhioIndianapolis, Ind. The state of Ohio had two cities land in the top 8 on the Bank of America Institute list. The city is home to major sports teams like the Cleveland Cavaliers, the Cleveland Guardians, and the Cleveland Browns.
Persons: Major metropolises, Joe Wadford, Wadford, Cleveland , Ohio Ken Redding, Bill Dickinson Organizations: of America Institute, Bank of America Institute, Bank of America, Las Vegas , Nevada Eyeem Mobile, Istock, Getty, CNBC, Bank, Cleveland, Cleveland Cavaliers, Cleveland Guardians, Cleveland Browns, Roll Hall of Fame, Cleveland Museum of Art, Columbus, Columbus Ohio Sky Locations: Las Vegas , Nevada, West, Northeast, New York, Boston, San Francisco, San Jose, Los Angeles, Cleveland , Ohio, Cleveland , Ohio Indianapolis, Ind, Las Vegas, Nev, Columbus , Ohio Jacksonville, Fla, Austin , Texas Phoenix, Ariz, Nashville, Tenn, Ohio, U.S, Columbus Ohio
AppLovin shares soared 45% on Thursday after the online gaming and advertising company issued guidance that was well above estimates and reported better-than-expected earnings and revenue. For the fourth quarter, AppLovin sees revenue of $1.24 billion to $1.26 billion, representing growth of about 31% at the middle of the range. The company said software platform revenue in the quarter increased 66% to $835 million, driven by improvements in AXON's models. Net income in the quarter increased 300% to $434.4 million, or $1.25 a share, from $108.6 million, or 30 cents a share, a year earlier. "AppLovin continues to impress with outsized revenue growth and incredible EBITDA conversion," analysts at Wedbush wrote in a report on Thursday.
Persons: It's, AppLovin, Wedbush, Adam Foroughi, it's, Foroughi, CNBC's CJ Haddad, Unity Organizations: Revenue
The Pixel 9 Pro and Pixel 9 Pro XL are enhanced versions of the excellent Pixel 9. The new camera oval on the Pixel 9 Pro phones juts out more than the rear cameras of previous Pixel phones. The Pixel 9 Pro XL (left) has a 6.8-inch display, while the Pixel 9 Pro (right) has a 6.3-inch display. The Pixel 9 Pro XL, with a 6.8-inch display, is a no-brainer for anyone who prefers larger Google Pixel phones or larger Android phones. See our guides to the best Pixel 9 Pro XL cases and best Pixel 9 Pro cases for extra protection.
Persons: Google's, Antonio Villas, Rose, Hazel, it's, Villas, VRR, I'd, I'm, Max, ultrawide, you've, Gemini, It's, you'd Organizations: Business, Google, Pro XL, Amazon, Verizon, XL, Gemini, Boas, Apple, Samsung, Qualcomm, Samsung Galaxy, Galaxy
Global trade changed considerably over the past four years — benefiting India — as President Joe Biden retained much of Trump's tariffs on China. EnergyOn the one hand, analysts expect Indian interests to be aligned with those of the United States regarding oil prices . Trump's previous term in office, whether intentionally or coincidently, saw moderate to low oil prices. As India imports over 90% of its oil needs, New Delhi will likely welcome any move by the U.S. to keep oil prices low. A quick resolution of the war in Ukraine — Trump's campaign promise — would also prove to be negative for oil prices.
Persons: Narendra Modi, Donald Trump, Narendra Modi's, Joe Biden, Macquarie, Aditya Suresh, Trump, Uncle Sam, Samiran Chakraborty, Baqar Zaidi, Ukraine —, , Sanjeev Prasad Organizations: India's, U.S, Manufacturing, Global, Observer Research Foundation, Treasury, Indian, Citi, Companies, Tata Consultancy Services, HCL Tech, Infosys, Energy, Suzlon Locations: Hyderabad, New Delhi, India, China, U.S, Mumbai, United States, Ukraine
Block shares plunge 11% on revenue miss
  + stars: | 2024-11-07 | by ( Mackenzie Sigalos | ) www.cnbc.com   time to read: +1 min
Block shares tumbled 11% in extended trading on Thursday after the company reported third-quarter revenue that trailed Wall Street expectations. Earnings per share: 88 cents adjusted vs. 87 cents expected88 cents adjusted vs. 87 cents expected Revenue: $5.98 billion vs. $6.24 billion expectedBlock, formerly known as Square, posted $2.25 billion in gross profit, up 19% from a year ago. Analysts tend to focus on gross profit as a more accurate measurement of the company's core transactional businesses. The company reported net income of $283.7 million, or 45 cents per share, after losing $88.7 million, or 15 cents a share, a year earlier. The company said gross profit for the fourth quarter will increase 14% to $2.31 billion.
Persons: Jack Dorsey Organizations: LSEG, Twitter
Luckin Coffee, which has put up a strong fight against Starbucks in Asia, is looking to the US. The chain is known for its aggressive deals, unusual flavors like a Big Cheese coffee drink, and mobile ordering. Luckin versus StarbucksI started at Luckin Coffee. Aditi BharadeThe most expensive drink on the menu was an Iced Oat Shakerato listed for 8 Singapore dollars, or $6. Representatives for Luckin Coffee didn't respond to a request for comment from BI for this story.
Persons: , Brian Niccol, Niccol, Luckin, Aditi Bharade, Rachel Ruggeri, Ruggeri, It's, David Yu, Jiang, it's, Tiruchelvam, Yu Organizations: Starbucks, Service, Business District, Staff, Singapore, Luckin, BI, Bros, NYU, Aletheia Capital Locations: Asia, China, Singapore, Beijing, United States
Shomari Figures, the Black Democrat running in an Alabama congressional district redrawn last year by a court order, has won the seat over Republican Caroleene Dobson, NBC News projects. In 2023, the U.S. Supreme Court upheld an earlier ruling stating that Alabama’s district map likely discriminated against Black voters and mandated redrawing the 2nd District. The new area has a majority of Black voters — 47.6%, compared to 45% who are white. His late father, Michael Figures, was an Alabama state senator and his mother serves in that role now. Figures, 39, said he is happy to embrace the role of being an advocate for Black people in his state.
Persons: Republican Caroleene Dobson, Dobson, Obama, Michael, Maya Rupert, Terri Sewell, Kamala Harris, Joe Biden, they’ve Organizations: Democrat, Republican, NBC, U.S, Supreme, Black, Alabama, Republicans, District, Democratic Locations: Alabama, Alabama’s, Tuskegee, Montgomery, Mobile, Washington
Memecoins surged early Wednesday on the back of election results that showed former President Donald Trump in a strong position to gain a second term. "Certain sectors that have buoyed prices, such as the renewed interest in memecoins, may experience major price movements as individual states report election results." In the lead-up to Election Day, memecoins and AI-related crypto tokens outperformed the overall crypto market. The sector of the crypto market is used as a measure of retail investors' risk appetite. The crypto market seemed to be positioning for a Trump victory Wednesday as investors monitored the results of the U.S. presidential election.
Persons: Memecoins, Donald Trump, Dogecoin, Shiba Inu, Chris Chung, Ryan Rasmussen, I'm, Trump, Chung, Elon, Nic Puckrin Organizations: Elon, Metrics, Titan, Solana, Bitwise Asset Management, CNBC, lotto, Trump, U.S, Securities, Exchange, of Government, Department of Government Locations: memecoins, bitcoin
Target released an update to its app to curb a shopper behavior workers call the "double tap." Workers previously said drive-up order customers caused chaos by waiting until arrival to tap a button saying they were en route. Whether by accident or on purpose, hundreds of Target drive-up customers using the retailer's mobile app arrive each day in the stores' parking lots before hitting the "I'm on my way" button. Now, following a mobile app released last week, shoppers will no longer be able to "double-tap" their drive-up orders. The company confirmed the change to Business Insider and said it continues to look for ways to improve the app for both workers and customers.
Persons: , hasn't Organizations: Workers, Service, Business Locations: New York, Wisconsin
Generally, a Trump win is seen as positive for financials given a higher likelihood of deregulation for companies in the space. Traditional oil and gas names are also likely to benefit under a second Trump presidency. One is made up of stocks that benefit after a Harris win; the other would outperform under a second Trump presidency. However, a Harris win is expected to keep current regulation measures in place, and possibly introduce new ones. Private equity giants KKR and Blackstone would also benefit under a Trump win.
Persons: Kamala Harris, Donald Trump, Paul Gallant, Cowen, Gallant, Harris, Goldman Sachs, Daniel Clifton, Strategas, Andrew Garthwaite, Trump, Garthwaite, TAN, we've, Biden, Wells, Ike Boruchow, Boruchow, , Russell, Joe Biden, Morgan Stanley, Crypto, isn't, Nic Puckrin, bitcoin, Marcelli, Financials, Wolfe, Chris Senyek, Lazard Organizations: Congress, U.S ., Trump, U.S . Trump, GOP, Democratic, CNBC Pro, Wall, Strategas, Enterprise, of America, Ford, UBS, Apple, Enphase Energy, Technologies Enphase, Exxon Mobil, Chevron, Trump Media & Technology, Trump Media, Cadence Bank, Viking Therapeutics, Bureau, CNBC, Wolfe Research, Lazard, Private, KKR, Blackstone, Evercore Locations: Washington, of America Cleveland, Cleveland, China
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