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☆ Nearly 40 million people could die from antibiotic-resistant superbug infections by 2050, new study estimates
▼ + stars: | 2024-09-16 | by ( Jacqueline Howard | ) edition.cnn.com time to read: +9 min

Antimicrobial resistance happens when pathogens like bacteria and fungi develop the ability to evade the medications used to kill them. A death attributable to antimicrobial resistance was directly caused by it, while a death associated with AMR may have another cause that was exacerbated by the antimicrobial resistance. For this combination – the antibiotic methicillin and the bacteria S. aureus – the number of attributable deaths nearly doubled from 57,200 in 1990 to 130,000 in 2021. The researchers estimated that, in 2050, the number of global deaths attributable to antimicrobial resistance could reach 1.9 million, and those associated with antimicrobial resistance could reach 8.2 million. Strathdee saw firsthand the effects that antimicrobial resistance can have on health when her husband nearly died from a superbug infection.

Persons: ”, Chris Murray, Murray, “, ” Murray, it’s, Samuel Kariuki, Kariuki, Steffanie Strathdee, Strathdee, who’s, It’s, Strathdee’s, Tom Patterson, Patterson, baumannii, ” Strathdee, Dr, Sanjay Gupta Organizations: CNN, World Health Organization, AMR, Institute for Health Metrics, University of Washington, Global, Kenya Medical Research Institute, University of California San Diego School of Medicine, Center, Therapeutics, UC San Diego, CNN Health Locations: South Asia, Latin America, Caribbean, Africa, Kenya, Egypt, Germany

☆ Smartcat is using AI to translate content into any language. Check out the six-slide pitch deck the startup used to land $43 million in fresh VC funding.
▼ + stars: | 2024-09-16 | by ( Samantha Stokes | ) www.businessinsider.com time to read: +3 min

The startup, Smartcat, just raised $43 million in Series C funding led by New York-based VC firm Left Lane Capital with Lead Edge Capital also participating. Smartcat previously raised a $4.5 million seed round in 2017, a $7 million Series A in 2018, and a $15 million Series B in 2020, according to PitchBook data. VC investment in AI startups is continuing to go gangbusters, topping out at a whopping $24 billion in the second quarter of 2024 — the biggest quarter for AI funding in recent years, according to Crunchbase. AdvertisementWhile some consumer and healthcare AI startups have raised eye-popping rounds, the tech is creating plenty of opportunities in the B2B space. Check out the six-slide presentation Smartcat used to raise $43 million in Series C funding.

Persons: —, Smartcat, Ivan Smolnikov, Smolnikov Organizations: Service, Left Lane, Lead Edge Capital, Marbruck Investments, Chrome, Business Locations: New York, Koro, Smartcat

☆ The 5 rudest co-worker behaviors, according to a new survey by Monster
▼ + stars: | 2024-09-16 | by ( Morgan Smith | ) www.cnbc.com time to read: +2 min

Some faux pas might seem obvious, like always showing up late to job interviews or meetings with your boss. Smith recommends people follow the "golden rule" of generally getting back to people who reach out within 24 hours. The through line in these missteps, as Smith sees it, is selfishness, which is an unattractive trait in any workplace. Use code EARLYBIRD for an introductory discount of 30% off, now extended through September 30, 2024, for the back-to-school season. Plus, sign up for CNBC Make It's newsletter to get tips and tricks for success at work, with money and in life.

Persons: Brandon Smith, Smith Organizations: CNBC

☆ North Korea may be Russia's most dangerous ally, Ukraine spy chief says
▼ + stars: | 2024-09-16 | by ( Tom Porter | ) www.businessinsider.com time to read: +3 min

Read previewIn the wake of the Ukraine war, Russia has formed a close alliance with China, the world's second-biggest economy, and boosted trade ties with other major economies, such as India. AdvertisementFor decades, North Korea has been among the poorest and most isolated Asian countries, with the UN imposing severe sanctions to curtail its nuclear weapons program. However, the Ukraine war enabled North Korean leader Kim Jong Un to improve his situation, forming a valuable security pact with Russian President Vladimir Putin's Russia in June. AdvertisementIn return, Kim has secured new security pledges from Putin, alongside access to valuable Russian military technology. Ukraine is currently battling to hold back intensifying Russian attacks in Donetsk, east Ukraine, but has seized control of a swath of Russian territory in Kursk.

Persons: —, GUR, Kyrylo Budanov, Budanov, Kim Jong, Vladimir Putin's, Kim, Putin Organizations: Service, Business, Kyiv, Reuters, North, US Defense Intelligence Agency Locations: Ukraine, Russia, China, India, North Korea, Vladimir Putin's Russia, Korea, Iran, Donetsk, Kursk

☆ BlackRock's Rick Rieder says a golden age for fixed income begins this week with the Fed rate cut
▼ + stars: | 2024-09-16 | by ( Michelle Fox | ) www.cnbc.com time to read: +3 min

With the Federal Reserve expected to begin its rate-cutting cycle this week, investors should take advantage of this "golden age of fixed income" now, according to BlackRock's Rick Rieder. "The world is changing," said Rieder, the asset manager's global chief investment officer of fixed income. In this environment, Rieder likes the belly of the curve and assets like securitized products , high yield and European credit. BINC currently has about 28% of its assets in non-U.S. credit and about 20% in U.S. high-yield bonds. Rieder is not concerned about the narrow spreads in high-yield credit.

Persons: BlackRock's Rick Rieder, —, Rieder, BINC, We've, CLOs Organizations: Federal Reserve, SEC, Fed, AAA, MBS, AAA CLOs Locations: BlackRock, Europe, U.S

“The Secret Service needs more help,” Biden told reporters while leaving the White House on Monday. Chip Somodevilla/Getty ImagesActing US Secret Service Director Ronald Rowe met with Trump and local law enforcement on Monday in Florida. Secret Service Director Kimberly Cheatle resigned in the fallout from the assassination attempt, leading to Rowe’s appointment as acting director. Those concerns were underscored by details revealed Monday about the suspected shooter’s whereabouts before he was ultimately spotted by Secret Service agents. Moskowitz said Sunday that the Secret Service needed to consider taking more drastic measures, such as shutting down a significantly wider perimeter.

Persons: Donald Trump, he’s, He’s, Jared Moskowitz, CNN’s Anderson Cooper, Joe Biden, ” Biden, Chip Somodevilla, Ronald Rowe, Rowe, ” Rowe, “ there’s, Trump, “, there’s, ”, Trump’s Butler, Kimberly Cheatle, Ryan Wesley Routh, Jonathan Wackrow, Ric Bradshaw, ” Bradshaw, Joe Raedle, Obama, Bush, Clinton, ” Wackrow, Butler, Cheryl Tyler, CNN’s Wolf Blitzer, ” Tyler, protectee, Robyn Beck, Moskowitz, ” Moskowitz, Biden, Ro Khanna, CNN’s Holmes Lybrand, Kristen Holmes, Whitney Wild Organizations: CNN, Republican, Secret, Trump, Florida Democrat, Service, White, House, Trump’s, Trump International Golf, Nissan, Secret Service, Martin County Sheriff’s, Martin County Sheriff's, Facebook, United Nations General Assembly, White House Communications Agency, Department of Defense, Trump National Golf Club Los, Getty, ” Agency, ”, California Democrat, Congress Locations: Palm, Butler , Pennsylvania, Florida, Congress, Washington ,, Lago, Trump, Martin County, Iran, New York City, Mar, Palm Beach, Beach, West Palm Beach , Florida, Butler, Rancho Palos Verdes , California, AFP, California

☆ Drugmakers bet billions that targeted radiation could become the next cancer breakthrough
▼ + stars: | 2024-09-16 | by ( Angelica Peebles | In Angelicapeebles | ) www.cnbc.com time to read: +9 min

watch nowDrugmakers are betting that delivering radiation directly to tumors will become the next big cancer breakthrough. That can allow the treatment to deliver radiation to cancer cells and spare the rest of the body from the level of damage that comes with many cancer drugs. For Pluvicto, patients come in once every six weeks for up to six treatments. One opportunity Bristol Myers Squibb sees is combining radiopharmaceuticals with existing cancer drugs like immunotherapy, said Robert Plenge, Bristol's chief research officer. But she thinks the technology will become an important part of cancer drugs in the next decade.

Persons: Eli Lilly, They've, Michael Schmidt, Schmidt, Franco Origlia, Jacob Van Naarden, Eli Lilly's, Lilly, Biopharma, Van Naarden, Radiopharmaceuticals, Bristol Myers, Ben Hickey, RayzeBio, Hickey, Victor Bulto, Bulto, Timothy Korytko, Ronald Coy, Sharon, Ronald Coy Ronald Coy, Coy, who's, Coy hasn't, she's, we've, Eli Lilly's Van Naarden, Bristol Myers Squibb, Robert Plenge, Susan Galbraith, Galbraith Organizations: Bristol Myers Squibb, AstraZeneca, Guggenheim Securities, Novartis, NSA, Pharmaceutical, Bassett Healthcare Network, Bristol, Fusion Pharmaceuticals, Guggenheim Locations: Aedea Rome, Italy, radiopharmaceuticals, Swiss, FactSet, Bristol, Indiana, U.S, New York, Bassett

☆ Larry Ellison says he and Elon Musk 'begged' Jensen Huang for GPUs over dinner
▼ + stars: | 2024-09-16 | by ( Jyoti Mann | ) www.businessinsider.com time to read: +1 min

Larry Ellison said he and Elon Musk begged Nvidia's Jensen Huang for more GPUs at a dinner. Ellison also discussed Oracle's AI ambitions, including building a supercomputer with Nvidia GPUs. AdvertisementLarry Ellison really, really wants to get his hands on more Nvidia GPUs. The Oracle cofounder and chairman said he had dinner with Elon Musk and Nvidia chief Jensen Huang at Nobu in Palo Alto, where the longtime friends were "begging" Huang for GPUs. On Oracle's earnings call last week, Ellison said: "I would describe the dinner as me and Elon begging Jensen for GPUs."

Persons: Larry Ellison, Elon Musk, Nvidia's Jensen Huang, Ellison, —, Jensen Huang, Huang, Elon, Jensen Organizations: Nvidia, Service, Oracle, Business Locations: Nobu, Palo Alto

☆ He was a theater and English major in the UK. Now, he's one of Singapore's 4 masters of wine.
▼ + stars: | 2024-09-16 | by ( Lian Kit Wee | ) www.businessinsider.com time to read: +5 min

One of the country's four masters of wine, Hemming oversees wine programs across Asia for 67 Pall Mall, a private club for wine lovers. Reflecting on his unlikely journey from aspiring actor to wine connoisseur, he shared how he transitioned from managing a wine shop to mastering the complex world of fine wine. As an English literature and theater major in the UK, Hemming initially believed the stage was his calling. But after graduating in 2001, he applied for a job at a wine shop in London. "To even register, you must have a reference from your employer saying that you are working in a wine role," Hemming said, along with a recommendation from another master of wine.

Persons: —, Richard Hemming, Shakespeare, Hemming, " Hemming, Jancis Robinson, Grant Ashton Organizations: Service, Business, Spirit Education Trust, Financial Times, North, Masters of, Pall Mall London Locations: Asia, London, Notting, Australia, Europe, Singapore, Pall, Hong Kong

☆ One of China's neighbors says it's pulled a key patrol vessel out of the South China Sea after a 5-month standoff
▼ + stars: | 2024-09-16 | by ( Thibault Spirlet | ) www.businessinsider.com time to read: +3 min

Read previewThe Philippines has withdrawn one of its key patrol vessels from the South China Sea, where tensions with China have been growing in recent months. But, he added, its presence in the waters had been "further complicated by the structural damage to the vessel resulting from the deliberate ramming by the China Coast Guard on August 31, 2024." AdvertisementThe Teresa Magbanua has operated since April around Sabina Shoal — a disputed island in the South China Sea that has become a key flash point between the Philippines and China. Earlier this month, the Philippines' Rear Adm. Roy Vincent Trinidad told the Daily Tribune that the Teresa Magbanua had been outnumbered by more than 50 Chinese ships. China "has indisputable sovereignty over Xianbin Jiao and its adjacent waters," Liu Dejun, a spokesperson for China's Coast Guard, said, using the island's Chinese name.

Persons: —, Jay Tarriela, BRP Teresa Magbanua, Teresa Magbanua, Tarriela, Roy Vincent Trinidad, Lucas Bersamin, Xianbin Jiao, Liu Dejun, Teresa Magbanua's, Alexander Lopez, Lopez Organizations: Service, Coast Guard, BRP, Philippine Coast Guard, Business, China Coast Guard, South China, coastguard, Daily Tribune, National Maritime Council, Armed Forces, Guard, China's Coast Guard, Reuters, Sunday Locations: South China, China, Philippines, Sabina, South, Philippine, China's, Sabina Shoal, Xianbin

☆ Workers' strike is serious, but resolvable. Boeing's challenge is long term: Analyst
▼ + stars: | 2024-09-16 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWorkers' strike is serious, but resolvable. Boeing's challenge is long term: AnalystBrian Langenberg from Langenberg & Co says Boeing's CEO has to 'pay more than he wants to' for the workers' strike to resolve.

Persons: Brian Langenberg Organizations: Email Workers Locations: Langenberg

☆ Daniel Ricciardo: How driver went from a ‘shy’ teenager to one of F1’s most effervescent characters
▼ + stars: | 2024-09-16 | by ( Samuel Joseph | Sam Joseph | ) edition.cnn.com time to read: +12 min

Australian former F1 driver Mark Webber partakes in Ricciardo's infamous 'Shoey' celebration, drinking champagne out of Ricciardo's race boot. Ricciardo became the 14th Australian driver to start a race when he made his debut for HRT F1 Team in 2011. He replaced Dutchman Nyck de Vries mid-season at the junior team, renamed to AlphaTauri and rebranded as the “sister team” to Red Bull. Red Bull realitiesRicciardo’s return to Red Bull marked a full circle moment for the Aussie, having joined the team’s academy in 2008. Despite having a contract for the next two seasons, incumbent Red Bull second driver Sergio Pérez is on the hotseat after recent struggles.

Persons: CNN — Daniel Ricciardo, –, Sebastian Vettel, Ricciardo, Honey, ” Ricciardo, ”, Rudy Carezzevoli, Blake Mills, Blake, “ He’s, ’, “ Josh, I’ve, “, I’m, Mark Webber partakes, Mark Thompson, Jack Brabham, Alan Jones, Mark Webber, Oscar Piastri, Jack Doohan, Toro Rosso, Webber, Vettel, Lewis Hamilton, Nico Rosberg, Red Bull, Max Verstappen, Lando Norris, McLaren’s, Bull, Nyck de Vries, it’s, Peter Fox, don’t, you’re, “ I’ve, De Vries, Alex Albon, Pierre Gasly, ‘ Let’s, ’ ”, Red, Liam Lawson, Sergio Pérez Organizations: CNN, Red Bull, CNN Sport, Brabham, HRT, McLaren, Australian, Bull’s, Austrian, Mercedes, Monaco, Renault, Prix, Formula, One Locations: Perth, Western Australia, Ngilgi, Australia, Ricciardo's, Australian, Melbourne, Canada, Hungary, Belgium, Monaco, British, Hungarian, Europe

☆ Amazon drops the hammer on remote work and orders employees back to the office 5 days a week starting January
▼ + stars: | 2024-09-16 | by ( Dominick Reuter | ) www.businessinsider.com time to read: +11 min

The rule further tightens the requirement from last year that workers be on-site at least three days a week. "If anything, the last 15 months we've been back in the office at least three days a week has strengthened our conviction about the benefits," Jassy said. And Meta's Mark Zuckerberg helped kick off the org-chart flattening trend when he criticized "managers managing managers" at the start of his "year of efficiency" in 2023. If anything, the last 15 months we've been back in the office at least three days a week has strengthened our conviction about the benefits. Before the pandemic, not everybody was in the office five days a week, every week.

Persons: Jassy, we've, Jassy's, Mark Zuckerberg, Dominick, we're, I've, it's, It's, Andy Organizations: Walmart, Bloomberg, Business, Healthcare, U.S, Puget Sound Locations: NYC, Arlington, Europe

☆ Get ready for stocks to embark on a weekslong rally after the Fed cuts rates, Fundstrat's Tom Lee says
▼ + stars: | 2024-09-16 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +3 min

Stocks are set to climb higher for at least the next few weeks, according to Fundstrat's Tom Lee. Lee pointed to the Fed's policy meeting, with markets expecting a rate cut on Wednesday. A Fed rate cut will be bullish for stocks, regardless of its size, he told CNBC. AdvertisementWall Street has been anticipating rate cuts for months, especially as the economy has shown some weakness stemming from tighter financial conditions. However, stocks should move higher regardless of the size of the rate cut, Lee said, so long as central bankers assure markets that more cuts are coming.

Persons: Tom Lee, Lee, —, Powell Organizations: CNBC, Service, Bureau of Labor, New York Fed

☆ Amazon tells employees to return to office five days a week
▼ + stars: | 2024-09-16 | by ( Annie Palmer | In Annierpalmer | ) www.cnbc.com time to read: +12 min

Amazon is instructing corporate staffers to spend five days a week in the office, CEO Andy Jassy wrote in a memo on Monday. The decision marks a significant shift from Amazon's earlier return-to-work stance, which required corporate workers to be in the office at least three days a week. Amazon's headcount totaled 1.53 million employees in the second quarter, representing growth of just 5% from a year earlier. If anything, the last 15 months we've been back in the office at least three days a week has strengthened our conviction about the benefits. Before the pandemic, not everybody was in the office five days a week, every week.

Persons: Andy Jassy, they've, Jassy, didn't, Amazon's headcount, it's, we're, I've, we've, It's, Andy Organizations: Amazon, Healthcare, U.S, Puget Sound Locations: NYC, Arlington, Europe

☆ Suspect in apparent Trump assassination attempt makes first court appearance
▼ + stars: | 2024-09-16 | by ( Kevin Breuninger | ) www.cnbc.com time to read: +2 min

An undated selfie shows Ryan W. Routh, a suspect identified by news organizations, as the FBI investigates what they said was an apparent assassination attempt in Florida on Republican presidential nominee and former U.S. President Donald Trump, in this image obtained from social media. The suspect in an apparent assassination attempt against former President Donald Trump is making his first appearance Monday in federal court in Florida. Routh was arrested Sunday after U.S. Secret Service agents opened fire near Trump's golf course in West Palm Beach while the Republican nominee was playing a round. The incident could mark the second assassination attempt against him in two months. Trump's ear was grazed by a bullet during a prior assassination attempt at a campaign rally in Pennsylvania in July.

Persons: Ryan W, Routh, Donald Trump, Ryan Wesley Routh, Judge Ryon McCabe, Trump, Thomas Matthew Crooks, Kamala Harris, Joe Biden Organizations: FBI, Republican, West Palm Beach, NBC, NBC News, Secret Service, Nissan, Democratic, House Locations: Florida, U.S, West Palm, Trump's, Pennsylvania, America

☆ Future Proof gathering in California surf town is trying to reinvent the investment conference
▼ + stars: | 2024-09-16 | by ( Bob Pisani | ) www.cnbc.com time to read: +7 min

More than 4,000 people have descended here for the Future Proof conference , a vast social gathering designed to give younger registered investment advisors and other investment professionals access to what they want. What they want, apparently, is an intense desire to network with other RIAs and investment professionals and find ways to grow their business. Reimagining the financial conference Future Proof is the brainchild of Barry Ritholtz, co-founder, chairman, and chief investment officer of Ritholtz Wealth Management, and CEO Josh Brown. This is the third year for the conference, but Ritholtz and company have been doing conferences for 15 years. Ritholtz describes it as an ongoing project to reinvent the financial conference concept, which he says is "moribund."

Persons: Barry Ritholtz, Josh Brown, Ritholtz, Van Eck, Matt Middleton, Adarsh, Brett Rodgriguez, Delon Mansour, Mansour, Shyamsundar, Harris, Consulting's Brett Rodgriguez, Akash Shah, Shannon Saccocia, Raj Dhanda, Ares Management, John Christmas, RIAs, They'll, Mike Novogratz, Anna Paglia, Bryan Whalen, Saira Malik, Lauren Goodwin, Scott Wapner, DoubleLine Capital's Jeff Gundlach, CNBC's, Jan van Eck, Matt Hougan, DJ Mick, There's, Bob Pisani, Jon Maier, JP Morgan, Pisani, Jan Van Eck, Marlena Lee, That's Organizations: Ritholtz Wealth Management, JPMorgan Chase, Capital Group, Street Global Advisors, Funds, Polaris Capital Management, Graystone Consulting, Investments, Investment, Ares, HPS Investment Partners, Global, Life Investments, Bitwise, Management, Dimensional Fund Advisors Locations: HUNTINGTON BEACH, Calif, Los Angeles, Iowa, California, Huntington Beach, San Diego, Michigan, ETFEdge.cnbc.com

☆ Stocks making the biggest moves before the bell: Apple, Intel, Alcoa, Micron Technology and more
▼ + stars: | 2024-09-16 | by ( Alex Harring | ) www.cnbc.com time to read: +3 min

Apple — The technology stock fell more than 2% following analyst reports that early shipping data may signal softer demand for iPhone 16 Pro models. Intel — The semiconductor stock rose 1.3% before on the bell. Micron Technology — The semiconductor stock slid 2.8% after Morgan Stanley cut its price target by a whopping $40 to $100. ASE Technology — The semiconductor packager added 1.7% on the heels of a Morgan Stanley upgrade to overweight from equal weight. Zillow — The real estate stock rose more than 2% after an upgrade to outperform from neutral from Wedbush.

Persons: Donald Trump, Bausch, Morgan Stanley, Morgan Stanley's, Wells, Ally, downgrades, Zillow, —, Jesse Pound, Sarah Min, Sean Conlon, Samantha Subin Organizations: Trump Media & Technology, Republican, Holdings, Apple, Financial Times, Alcoa, Intel, Bloomberg, Micron Technology, Technology, Colgate, Palmolive, Bank of America, Zillow Locations: California, Wells Fargo

☆ Young, rich investors are making 2 key mistakes, says CFP and financial psychologist: They'll 'learn the hard way'
▼ + stars: | 2024-09-16 | by ( Ryan Ermey | ) www.cnbc.com time to read: +3 min

If you're looking to build wealth, traditional forms of investment aren't going to get you there — at least according to young, rich people. For younger wealthy investors, though, stocks come in behind seven other types of investments, including real estate, cryptocurrency, private equity and direct investment into companies. Klontz says that younger wealthy investors may be falling victim to some of the same cognitive biases that regular investors do — and it may be holding them back from maximizing their returns. Young people have ignored traditional advice 'for thousands of years'In general, it's not surprising that younger investors, regardless of wealth level, want to chart a different path than older generations. DON'T MISS: How to master your money and grow your wealth Older investors tend to favor the returns offered by stocks, because that is what has historically delivered returns.

Persons: Brad Klontz, Klontz, it's, Everything's, They're Organizations: of America Private Bank, Wealthy, Creighton University

☆ Elon Musk says he's learned a lesson
▼ + stars: | 2024-09-16 | by ( Kwan Wei Kevin Tan | Beatrice Nolan | ) www.businessinsider.com time to read: +1 min

Donald Trump survived what appears to be a second assassination attempt on Sunday. Elon Musk then posted on X, asking why there have been no assassination attempts on Biden or Harris. Go to newsletter preferences Thanks for signing up! In a now-deleted post, Musk questioned why there have been no assassination attempts on President Joe Biden or Vice President Kamala Harris. The FBI is now probing what it says appears to be a second attempted assassination of Trump.

Persons: Donald Trump, Elon Musk, Harris, Musk, —, Elon, Joe Biden, Kamala Harris, Trump Organizations: Biden, Service, FBI Locations: Trump's, West Palm Beach , Florida

☆ Russia is furious over reports that a commander sent his best drone operators to die as infantrymen because they criticized him
▼ + stars: | 2024-09-16 | by ( Matthew Loh | ) www.businessinsider.com time to read: +6 min

Read previewThe deaths of two seasoned Russian drone operators in Ukraine have stirred a frenzy among pro-Kremlin military bloggers, who say the specialists were sent to fight as regular infantrymen. As for Gritsai, Russian military bloggers who claimed to personally know him reported that he was a career officer. AdvertisementRussian backlash and an official responseThe footage sparked an outcry over the weekend among Russian military bloggers, many of whom independently reported that the two men had been killed in battle. Part of the backlash stems from assessments by on-the-ground pundits that Lysakovsky and Gritsai had been two of the best drone operators at the frontline. Nothing," Lysakovsky wrote in a message dated September 10.

Persons: —, Dmitry, Goodwin, Lysakovsky, Sergei, Ernest, Gritsai —, Gritsai, Igor Puzyk, Puzyk, WarTranslated, Dmitri, Alexander Kots, Viktor Goremykin, Valery Gerasimov, Svyatoslav Golikov Organizations: Service, Kremlin, Business, Russian Telegram, 87th Rifle Regiment, Donetsk People's, Kommersant, Russian Defense Ministry Locations: Russian, Ukraine, Pokrovsk, Donetsk, Estonian, Donetsk People's Republic, Moscow

☆ Homebuilder stocks are 'priced for perfection,' investors needs to see lower rates driving demand
▼ + stars: | 2024-09-16 | by ( Brian Evans | ) www.cnbc.com time to read: +5 min

Stocks in the firm's coverage universe have "significantly front-loaded expected rate cut benefits, well in excess of prior fed cycles," he said. The chances of a smaller 25 basis point cut have fallen to a 41% chance. Barclays analyst Matthew Bouley is watching the data very closely as well and said a lot will depend on how consumers react as mortgage rates fall. Bouley said this is one of the clearest signs yet that a recent decline in mortgage rates is bringing buyers into the market. Slightly more than half the analysts who cover the stock rate it a buy or overweight, it said.

Persons: Mike Dahl, Dahl, Toll, Taylor Morrison, Matthew Bouley, Bouley, Horton Organizations: Federal Reserve, RBC Capital Markets, Tri, Tri Pointe Homes, Toll, RBC, KB, Barclays Locations: Tri Pointe, staving, Horton

☆ 11-year-old Florida student arrested for threatening to commit a mass shooting, authorities say
▼ + stars: | 2024-09-16 | by ( Amy Simonson | ) edition.cnn.com time to read: +3 min

CNN —An 11-year-old middle school student in Port Orange, Florida, has been charged with a felony after threatening to commit a mass shooting at a middle school, authorities said Monday. “We just arrested a Creekside Middle School student who made threats to commit a school shooting at Creekside or Silver Sands Middle School,” Volusia County Sheriff Michael Chitwood said in a post on social media announcing the arrest. He says it was all a joke.”The Creekside Middle School student was charged with a felony for intimidation through a written threat of a “mass shooting/terrorism act,” according to an incident report sent to CNN by the Volusia County Sheriff’s Office. He said the other students “began to discuss how (the juvenile) was going to complete a shooting” after he showed them the rifles and knives, the report stated. Because you don’t want to raise your kid, Sheriff Chitwood is going to raise them,” he said in the video.

Persons: “, Volusia County Sheriff Michael Chitwood, ’, ” Chitwood, Chitwood, ” Organizations: CNN, Middle School, Sands Middle, Volusia County Sheriff, Middle, Volusia County Sheriff’s Office, Creekside Middle School, Silver Sands, – Locations: Port Orange , Florida, Volusia County, Silver, Florida’s

☆ Amazon is selling a ton of toilet paper and everyday items. Here’s why that’s a problem for investors
▼ + stars: | 2024-09-16 | by ( Paulina Likos | ) www.cnbc.com time to read: +9 min

Faster delivery is prompting more and more people to turn to Amazon to buy paper towels and other everyday items. The growing prevalence of one- and same-day delivery has made Amazon a much more convenient to place to shop for everyday essentials. "If people buy everyday essentials on Amazon, they're more likely to buy other products too," said Jeff Marks, the Club's director of portfolio analysis. This added convenience in ordering everyday essentials from Amazon comes at a challenging time for physical retailers known for selling those same products. The company likes "to be in the consideration set for consumers" in the everyday essentials since it helps drive market share gains, Olsavsky said.

Persons: –, it's, Jeff Marks, Andy Jassy, Jassy, Gil Luria, Davidson, We've, Jim Cramer, Amazon's, Brian Olsavsky, Olsavsky, Wells, Ken Gawrelski, Gawrelski, Morgan Stanley, we're, Davidson's Luria, Luria, Jim, Jim Cramer's, Angus Mordant Organizations: Walgreens, CVS, Aid, D.A, Amazon, CNBC, Bloomberg, Getty Locations: Target, North America, New York

☆ Private-label grocery brands boomed during inflation. Prices are down, but store-brand items keep going higher
▼ + stars: | 2024-09-16 | by ( Bob Woods | ) www.cnbc.com time to read: +10 min

Private brands — also called store brands and private-label brands — of foods and beverages have shared shelf space with national brands for years. Customer shopping habits are changing for goodIn the past, the value proposition of private brands was driven primarily by lower prices. But consumer attitudes are evolving, according to a recent survey by the Food Industry Association, which represents both food retailers and producers. And 46% said they expect to buy private brands somewhat or much more, compared to 27% saying that for national brands. "In the U.S., the market for private brands as an industry to eclipse national brands is not something we'll see," Baker said.

Persons: Peggy Davies, they've, Kraft Heinz, —, Rick Gomez, Sally Lyons Wyatt, John David Rainey, Scott Morris, Kroger, King Scoopers, Albertsons, Smart, Lyons Wyatt, They've, Doug Baker, Baker, Gen Zers, Xers, Steve Zurek, there's, Zurek, Morris, Gen, Joe's Organizations: Retailers, Private Label Manufacturers Association, Procter & Gamble, Walmart, Kroger, Albertsons, Target, Wall Street, Walmart U.S, Brands, Metro Market, Food Industry Association, Aldi Locations: Kellogg's, U.S, California , Florida, Western Europe

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