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Jim Cramer names hot sectors that could use a pullback
  + stars: | 2024-11-14 | by ( Julie Coleman | ) www.cnbc.com   time to read: +2 min
CNBC's Jim Cramer on Thursday suggested the post-election market has been extreme, with big wins and big losses. "We have a lot of overly loved stocks in this market right now," he said. Cramer pointed out the sharp rise of enterprise software stocks, saying that it seems these companies with in-demand products for big corporations can do no wrong. Cramer also highlighted two sectors he said are "too hated," but could bounce back, including pharmaceuticals and semiconductors. For semiconductors, Cramer concluded that those companies have suffered in part because some feel that new artificial intelligence-powered PCs haven't taken off.
Persons: CNBC's Jim Cramer, Cramer, Salesforce, Donald Trump's, Trump, Robert F, Kennedy Jr Organizations: Costco, Netflix, Spotify, Merck, Pfizer, Human Services Department Locations: China
Workers are struggling to get a handle on their jobs, and this failure falls on everyone — companies, managers, human-resources departments, and, in some cases, the workers themselves. The chaos has left employers, managers, and employees wondering just how much time and money it's worth investing in training in the first place. It's tough to learn by osmosis over Slack, and the deluge of HR apps and training modules isn't filling in the gaps. As workers and managers are increasingly overextended, these types of unmeasured, softer activities can fall by the wayside. Gavin emphasized that it's not just on companies and managers to make sure employees are learning and getting onboarded but also on individual workers.
Persons: Gen, It's, what's, Gallup, Ana Goehner, Kenneth Matos, Matos, they're, it's, Ashley Herd, nonmanagers, Christy Pettit, Herd, Stephanie Wolf, she's, Wolf, that's, Phoebe Gavin, Gavin, I'd, hadn't, Michelle, Z, they've, Emily Stewart Organizations: Workers, Adobe, doer, Fortune, Business Locations: America, HiBob, RebuttalPR
Building passive income isn't about finding a get-rich-quick scheme. My journey from there to successful entrepreneur and coach taught me valuable lessons about building sustainable passive income. Here are my top four tips for anyone looking to start their own passive income journey. DON'T MISS: The ultimate guide to earning passive income online I began with a social media marketing agency and nailed that process before I started on my first passive income idea — a course. When my community repeatedly asked for a book about video content strategy, I wrote the book "Vlog Like a Boss."
Persons: they've, I've, It's Organizations: Invest
Many people have said they're leaving Elon Musk's X in favor of Bluesky. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementWith the change, X users must agree to handle all lawsuits against the site in a federal court district in northern Texas — outside the district where X is headquartered. Still, Bluesky's 16 million users are dwarfed by the 250 million people that X said in March used its site daily. Threads, a similar short-form social media app owned by Meta, now has nearly 275 million monthly users, CEO Mark Zuckerberg said in October.
Persons: they're, , Don Lemon, Elon Musk's, Elon Musk, Bluesky, Jaz, Paul Frazee, Samuel Newman, Frazee, Bluesky didn't, Musk, Donald Trump, They've, X, Mark Zuckerberg Organizations: Elon Musk's, Service, Elon, Business, Twitter, Washington Post, Meta Locations: Texas
"We are seeing [deflation] to some extent," said Stephen Brown, deputy chief North America economist at Capital Economics. Energy prices and electronicsGasoline prices are also "way down," Zandi said. Consumers "could get more relief there because global oil prices are soft," Zandi said. Food prices are also generally underpinned by their own unique supply-and-demand dynamics, economists said. Lower energy prices can also take pressure off food prices, as it costs less to transport and distribute food to grocery store shelves.
Persons: Stephen Brown, Mark Zandi, women's outerwear, they've, Zandi, They've, Donald Trump's, they'd, Bacon Organizations: North, Capital Economics, U.S, Moody's, Finance, CPI, Bank of America, U.S . Energy Information Administration, Consumers Locations: U.S, North America, China
Builders, meanwhile, are luring buyers with some perks but are barely budging on prices. That's partly because these companies have another place to turn: the rental market. Opportunistic investors — mostly small and midsize players, who own the vast majority of single-family rentals in the country — are happy to oblige. Builders have also started developing entire communities of single-family homes to be rented out rather than sold, a strategy known as build-for-rent. Their embrace of the rental market says more about the obstacles for buyers than for builders.
Persons: homebuilders, John Burns, Keith Hughes, , Horton, Don Mullen, they've, Adam Stern, Sean Morgan, Alex Offutt, Ray Sturm, Sturm, Selma Hepp, It's Organizations: John Burns Research, Consulting, Builders, John, Houston, Owners, SFR, Sun, Dallas, Local, Business Purpose, Offutt Locations: Tampa , Florida, Carolinas, Nashville, Horton
A decline to $40 a barrel would mean around a 40% erasure of current crude prices. Martoccia Francesco Energy strategist at CitiThe oil cartel has been exercising discipline in maintaining its voluntary output cuts, to the point of extending them. In September, OPEC+ postponed plans to begin gradually rolling back on the 2.2 million barrels per day of voluntary cuts by two months in an effort to stem the slide of oil prices. Oil prices have been weighed by a sluggish post-Covid recovery in demand from China, the world's second-largest economy and leading crude oil importer. In its monthly report released Tuesday, OPEC lowered its 2025 global oil demand growth forecast from 1.6 million barrels per day to 1.5 million barrels per day.
Persons: Anthony Prieto, Tom Kloza, They've, Kloza, Henning Gloystein, Saul Kavonic, Francesco Organizations: Bloomberg, Getty, OPEC, Brent, U.S, West Texas, Eurasia Group, CNBC, Francesco Energy, Citi Locations: Midland , Texas, OPEC, China, U.S, Canada, Guyana, Brazil
I went from NYC to the Pennsylvania suburbs because I work remotely and wanted a better apartment. I love not having to rely on public transportation anymore, but driving at night can get scary. AdvertisementI grew up in Staten Island, a borough of New York City, and lived there almost my entire life until last summer. I've gotten more comfortable driving as I've done it more, but I hadn't expected such a steep learning curve. A lot of the friends I've made up here are also engaged, married, or in serious relationships.
Persons: I've, they've, , Gary Hershorn Organizations: Service Locations: NYC, Pennsylvania, Staten Island, New York City, Manhattan, Staten, Jersey City
Ashley Sankar works 10 to 12 hours per day at her day job, comes home and spends another six to eight hours trying to build her side business. On Friday's episode of ABC's "Shark Tank," some of her extra work seemingly paid off. The founder of Phoenix-based clothing startup NineteenTwenty pitched her company's attire on the show, alongside her husband and part-time COO Zach Sankar. The pair started selling clothes in December 2022, and brought in $269,000 in annual revenue last year, Zach Sankar said. "That's all we can afford," Ashley Sankar said.
Persons: Ashley Sankar, Zach Sankar, They've, they've, would've, who've, Ashley Sankar's Organizations: Phoenix, U.S . Army, Amazon Locations: NineteenTwenty
Good friends help each other get better business deals, just like Martha Stewart and Snoop Dogg. Stewart told The Wall Street Journal that she "learned how to negotiate even better than ever" from the rapper. They first met on "The Martha Stewart Show" in 2008, during which they made mashed potatoes together. "She presents an opportunity, we present it to a network and we make some things happen," Snoop Dogg told People in a September interview. As good friends, they also help each other get better business deals, Snoop Dogg said.
Persons: Martha Stewart, Snoop Dogg, Stewart, , They've, Martha, Snoop's, It's, Snoop, he's, Martha's Chard Organizations: Wall Street Journal, Service, Wall, VH1, Party, Business
Jane Lu with her parents. Courtesy of Jane Lu. Quitting her corporate job in secretAs Lu realized that she loved running a business, she also began feeling very unhappy in her corporate role. Revealing the secretOver the span of the first two years building Showpo, Lu kept it a secret that she had quit her corporate finance job. "I remember us having half a million dollars sitting in stock, and I was like: 'Okay, worst case scenario, I can sell all of this and start another business,'" Lu said.
Persons: Jane Lu, Lu, Lu didn't, couldn't, Young —, Fat, Jane, I've, I'm, Showpo's, Boye, Showpo, they've Organizations: Showpo, CNBC, KPMG, Ernst Locations: Australia, China, Sydney
Donald Trump's election victory last week is already having an effect on global supply chains. While many firms are waiting to see what Trump's trade policies will be, some are moving ahead. From medical supplies to consumer products, several companies are getting an early start to changing their supply chains. Several companies, however, aren't waiting to make changes to their supply chains. Fortune Brands, which owns a portfolio of home products brands like Moen plumbing fixtures and Yale locks, has been rethinking its supply chain since Trump's tariffs in 2017.
Persons: Donald Trump's, , Donald Trump, they've, Trump, TD Cowen, Oliver Chen, Matt Meeker, Michael Alkire, We've, Nick Fink, Clarus, Neil Fiske, Robert Scaringe, Schneider, Jim Filter Organizations: Service, Republican, Inc, Fortune Brands, Moen, Yale, Diamond Locations: China, Americas, Southeast Asia, Vietnam
23andMe on Tuesday reported declining revenue in its most recent quarter, a day after the company said it will cut 40% of its workforce and shutter its therapeutics business as part of a business restructuring plan. The genetics company reported $44.1 million in revenue for the fiscal second quarter, down from $50 million in the same period last year. 23andMe's net loss narrowed to $59.1 million, or a $2.32 per share, from $75.27 million, or $3.17 per share, a year ago. It's evaluating strategic options like asset sales and licensing agreements to "maximize the value" of the therapeutic programs, the release said. Wojcicki has repeatedly stated her intention to take 23andMe private, though she didn't address the plans on Tuesday.
Persons: Anne Wojcicki, They've, 23andMe, Wojcicki Organizations: Nasdaq, NASDAQ, SEC
Retirees' debt was rising before the pandemicRising debt levels were a problem for older Americans even before pandemic-era inflation. The typical family with heads age 75 and older had $1,700 of credit card debt in 2022, EBRI said in the August report. Those with heads age 65 to 74 had $3,500 of credit card debt, it said. Meanwhile, any spending cuts should be applied to reduce credit card debt, McClanahan explains. Boost income Retirees can also consider going back to work at least part time to earn more income, McClanahan said.
Persons: Bridget Bearden, Bearden, it's, EBRI, Louis, Carolyn McClanahan, She's, McClanahan, Cardholders, Cook, Ted Jenkin, Winnie Sun Organizations: Research Institute, Social Security, Senior Citizens League, Reserve Bank of St, Federal Reserve, U.S . Federal Reserve, Federal Reserve Bank of St, Planning Partners, CNBC's, CNBC, Facebook, Craigslist, Sun Group Wealth Partners Locations: Louis, Jacksonville , Florida, Irvine , California
Here's what needs to go right for Intel, the only US-based manufacturer of powerful chips. AdvertisementUS policymakers are still betting that Intel is the nation's best shot at manufacturing chips. Intel needs to balance the booksIntel plans to spin out its semiconductor manufacturing business into an independent subsidiary called Intel Foundry, separating the manufacturing process from its chip-design business. Not everyone is convinced that government intervention will help Intel get back on track in chip manufacturing. The report said they also discussed a potential merger between the company's chip design business and a competitor like AMD or Marvell.
Persons: , Dow, It's, they're, Alistair Barr, Stacy Rasgon, Patrick Moorhead, Moorhead, they've, Logan Purk, Edward Jones, Dan Morgan, Pat Gelsinger, Morgan, Rasgon, Daniel Newman, hasn't, Newman, Gina Raimondo, Donald, it's, Mark Warner, Semafor Organizations: Wall Street, Intel, Service, Dow Jones, Nvidia, Business, Qualcomm, AMD, Dow, Bernstein Research, TSMC, Intel Foundry, Synovus, Futurum Group, Act, Google, Microsoft, Apple, New York Times, Commerce Department, Sen, Marvell, Warner Locations: Taiwan, Washington
Here are four red flags to look for when choosing a financial professional, plus one green flag that an advisor could be a good fit, according to certified financial planners and advisors from across the U.S.Red flag No. 1: The financial advisor does most of the talkingIf a potential financial planner is doing most of the talking without letting you get a word in edgewise, it's a bad sign. Financial advisors who are also registered as investment advisors will have a public disclosure record with the SEC as well. In addition, you will also want to make sure that your financial advisor is certified in the way they claim. 4: You don't trust themOne red flag can't be found on a list or spreadsheet: lack of trust.
Persons: Carla Adams, Adams, Sean Williams, they've, Marisa Rothstein, Rothstein, Ashton Lawrence Organizations: U.S ., Ametrine, Cadence Wealth Partners, Industry, Authority, SEC, Siena Private, Mariner Wealth Advisors Locations: U.S, Michigan, North Carolina, Avon , Connecticut, South Carolina
Al Roker, 70, says he won't judge people who use Ozempic and other medications for weight loss. I think everybody's journey is their journey," Roker told The Daily Mail. AdvertisementAl Roker, 70, says he doesn't want to judge anyone who uses Ozempic for weight loss. I think everybody's journey is their journey," Roker said. Roker has been open about his struggles with binge eating and his dramatic weight loss journey through the years.
Persons: Al Roker, Roker, , you've, Ozempic, he's, everybody's, they've, Kelly Clarkson, Whoopi Goldberg, Clarkson, Elon Musk, Whoopi Goldberg —, Brianna Paruolo, Paruolo Organizations: Daily Mail, Service, Elon, FDA, Business Locations: New York
Veterans can face challenges translating their military skills to civilian roles. Employers too often overlook or discount the experience veterans bring, a report found. These advocates for hiring veterans said that by looking a little closer at the skills undergirding veterans' experience, employers could help plug gaps in their workforces. Yet at the same time, employers often overlook or discount military experience, LinkedIn found. From there, Dickman said, Hire Heroes USA can go to employers and point to the abilities a veteran, service member, or military spouse possesses.
Persons: Ashley Bethea, , Bethea, Ashley, hadn't, Ross Dickman, Dickman, Jesse Gartman, Gartman, he'd, he's, Trina Clayeux, Clayeux, they've Organizations: Air Force, Service, Business, Hire, Apache, Army, Marine Corps, Craigslist, Movers, Pentagon Locations: America, Iraq, New York City, Oklahoma City, Gartman, Bethea
He examines how his team steps up when he takes PTO to determine whether he's hired the right people. I usually find vacation an opportunity to judge if I've hired the right team. Every time I've come back, I've felt the folks I've hired are the right people; they've stepped up, and they know they can make decisions. So when I'm going on vacation, I ask myself, who can I direct people to instead for questions they'd normally ask me? AdvertisementLet's say you have one or two people on your team you're concerned about while you're going to be on vacation.
Persons: Gopal Shenoy, he's, , I've, they've, Slack, they'll, they'd Organizations: Service Locations: people's, they're
But as overall monthly overnight stays in Portugal reached an all time high in August, some Lisbon residents are becoming frustrated by the impact of ballooning tourism on local quality of life. Following protests in September about the city’s housing market, thousands of people living in the Portuguese capital have signed a petition demanding a clampdown on Lisbon vacation rentals. The group behind the petition, the Referendum Movement for Housing (MRH), is seeking to eradicate the almost 20,000 short term vacation rentals in Lisbon residential blocks, hoping to free up housing opportunities for locals. CNN Travel has reached out to Airbnb for comment about the Lisbon referendum petition. Changing the Lisbon tourist industryFreitas stresses a successful referendum wouldn’t eliminate Lisbon tourist lets altogether, but prevent them from “existing in houses registered for residential use.” Landlords would also be prohibited from establishing new vacation rentals in residential buildings in the future.
Persons: Luisa Freitas, Jorge Castellanos, Freitas, , , there’s, Airbnb, , she’s Organizations: CNN, Housing, , CNN Travel, Getty, Barcelona, European Union, Lisbon Locations: Lisbon, Portugal, ” Lisbon, Augusta, Comercio, Baixa
It reignites a debate about the feasibility of developing increasingly advanced models and AI scaling laws — the theoretical rules about how the models improve. It remains to be seen how smart an AI model can get when it has that much capital thrown at it. There could also be strategies to make AI models smarter by enhancing the inference portion of development. The model OpenAI released in September — called OpenAI o1 — focused more on inference improvements. Still, it's clear that, like Altman, much of the industry remains firm in its conviction that scaling laws are the driver of AI performance.
Persons: OpenAI's, It's, , Sam Altman, Fabrice Beaulieu, Altman, OpenAI, Andrew Caballero, Reynolds, Ion Stoica, Gary Marcus, Anthropic, Marcus, Claude, Ilya Sutskever, Dario Amodei, Kevin Scott, we're, Scott, they've Organizations: Service, OpenAI's, Orion, Business, Getty, Companies, New York University, Reuters, Sequoia, o1 Locations: GPT, Silicon Valley, AFP
Oz Cobb (Colin Farrell) makes a horrifying decision in "The Penguin" finale. Showrunner Lauren LeFranc told Business Insider there was a "level of dread" on set when filming the scene. Related storiesSpeaking to BI ahead of "The Penguin" finale, LeFranc answered our burning questions about the season, including how she planned Aguilar's horrifying death. Colin Farrell as Oz Cobb and Aria Shahghasemi as Taj Maroni in "The Penguin." Penguin doesn't kill Sofia Gigante so he can psychologically torture herCristin Milioti as Sofia Gigante in "The Penguin."
Persons: Oz Cobb, Colin Farrell, Lauren LeFranc, , Victor Aguilar, Rhenzy, Victor, Cobb, Aguilar, LeFranc, Aria Shahghasemi, Taj Maroni, Penguin, Matt Reeves, Matt, mafiosos, Feliz, HBO Victor, Victor didn't, Oz, Sofia Gigante, Milioti, Cristin, Francis Cobb, she's, they'd, Selina Kyle, Zoe Kravitz, Gigante, Sophia, It's Organizations: HBO, Service, Rotten, Mafia, Taj, Arkham Locations: Italian, American, Arkham
Meet the Press – November 10, 2024
  + stars: | 2024-11-10 | by ( ) www.nbcnews.com   time to read: +56 min
ANNOUNCER:From NBC News in Washington, the longest-running show in television history, this is Meet the Press with Kristen Welker. In a Meet the Press interview during his 2016 run, he suggested that his insurgent bid could generate cross-party appeal. AMY WALTER:Yeah, and the other thing that, you know, Democrats have been dining off the anti-Trump coalition now since 2017. RAMESH PONNURU:I think Democrats wildly overestimated the power of the abortion issue to drive candidate choice as opposed to referendum. There would be pressure on the president, President Biden, to not run for reelection.
Persons: KRISTEN WELKER, DONALD TRUMP, PRES, JD VANCE, Donald Trump, KAMALA HARRIS, Kamala Harris, JOE BIDEN, John Barrasso of, Bernie Sanders, Garrett Haake, Amy Walter, Ramesh Ponnuru, María Teresa Kumar, it’s, Kristen Welker, Trump, SEN, TED, JOHN MORENO, JD Vance, MIKE JOHNSON, Biden, they've, NANCY PELOSI, Kamala, DEBBIE DINGELL, RITCHIE TORRES, DAVID AXELROD, ALEXANDRIA OCASIO, unquote, JON FAVREAU, Joe Biden's, JON LOVETT, Joe Biden, , “ It's, … they're, I'm, Steve Kornacki, STEVE KORNACKI, Kristen, , Trump's, That's, You've, Donald Trump's, Harris, Barack Obama, John McCain, it's, Steve, They're, you've, Barrasso, Press . SEN, JOHN BARRASSO, Bill Clinton “, ” Donald Trump, JOHN, We've, He's, we've, that's, Lindsey Graham, He'll, Robert F, Kennedy Jr, Trump hasn't, Susie Wiles, we're, President Trump, John Kennedy, Bobby, Sanders, BERNIE SANDERS, Let's, Nancy Pelosi, I’m, James Carville, JAMES CARVILLE, I've, Sotomayor, Garrett, he's, GARRETT HAAKE, John Barrasso, Paul Ryan's, Amy, AMY WALTER, – KRISTEN WELKER, It's, , María Teresa, David Noriega, Mario, DAVID NORIEGA, MIREYA ALVAREZ, MARIO ALVAREZ, MARÍA TERESA KUMAR, Ramesh, RAMESH PONNURU, Richard Nixon, Aaron Burr, didn't, he'd, They've, TERESA KUMAR, María, – MARIA TERESA KUMAR, Dobbs, should've, Harris would've, ” KRISTEN WELKER, We'll Organizations: Republicans, Senate, Vermont, NBC, Capitol Hill, National, Press, NBC News, Arizona, Democratic, Republican, REP, Twitter, Trump, Republican Senate, Supreme, White, National Political, Republican Party, Democratic Party, Biden, Senate Republican, Press ., Trump's, United States Senate, Justice Department, Democrat Party, Security, Social Security, FDR, they're, California, Mr, Trump swiped, Democrats, , Veterans Locations: United States of America, United States, John Barrasso of Wyoming, Washington, American, ALEXANDRIA, CORTEZ, USA, America, California, New York, Wisconsin, Madison , Wisconsin, Milwaukee County, Harris, Arizona, Pennsylvania, Mexico, Vermont, Nancy, Congress, U.S, Texas –, Texas, Philadelphia
Iran has developed fentanyl-based chemical weapons
  + stars: | 2024-11-10 | by ( ) www.businessinsider.com   time to read: +7 min
These chemical weapons affect a victim's central nervous system. AdvertisementIran has developed chemical weapons based on synthetic opioids such as fentanyl, warns a US expert, powerful agents that could incapacitate soldiers or civilians when added to grenades or artillery. (The US, in contrast, completed the destruction of its chemical weapons in 2023.) Nonetheless, chemical weapons do have a frightening aura, even if fentanyl gas is nowhere near as deadly as nerve gas. "I think that many, many people would see it that way because you're talking about chemical weapons," Levitt said.
Persons: , Iran's, Matthew Levitt, Levitt, they've, Iran —, Hossein University, Israel, Michael Peck Organizations: Service, Pharmaceutical, PBA, Combatting Terrorism, The U.S, Government, Washington Institute, Convention, Iran's Chemistry Department, IHU, Department, State Department, Commandos, CTC, Defense, Foreign Policy, Rutgers Univ, Twitter, LinkedIn Locations: Iran, West, The, Iraq, Israel, Syrian, , Iranian, Moscow, Vietnam, Tehran, Galilee, Lebanon, Forbes
Mass deportation would exacerbate this economic issue, say employers and economists. Leverant says it is still being determined how jobs lost from a mass deportation would be filled. "Looking at specific occupations, about one-quarter of farm workers, agricultural graders, and sorters are undocumented workers. "One of the natural problems with undocumented workers, we don't know how many are here because they are undocumented. A mass deportation is not possible without crippling economic impact," he said.
Persons: Donald Trump, Donald J, Trump, Jason Leverant, Leverant, Chad Prinkey, AtWork, Janeesa Hollingshead, Hollingshead, Uber, Trump's, David Leopold, Leopold, Kristen Welker, isn't, they're, Nan Wu, Wu, Prinkey Organizations: U.S, White, TPS, AtWork, American Progress, American Immigration Council, American Community Survey, Pew Research Center, Consulting, Uber Works, American Immigration, Citizenship, Immigration Services, Trump, NBC News, AIC, USDA, Conservative, CNBC Workforce, cnbccouncils.com, wec Locations: Mexico, Eagle, , Texas, Piedras Negras, U.S, United States, Madison, New York, Greensfelder, California, Prinkey, Boston, Austin
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