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Bottom line The main part of our AMD thesis — fast-growing sales of its MI300 AI chips — is still on track, so we view the post-earnings pullback as a buying opportunity. Given how integral these AI chips are to AMD's growth, we were pleased management on Tuesday night raised its full-year sales projections to exceeding $5 billion. Another factor: AMD's chips passed some performance milestones with customers, Su said. We believe Su's AI roadmap — outlined at its AI event earlier this month — will lead to significant sales growth in 2025 and thereafter. Quarterly commentary Sales in AMD's all-important data-center segment came in $3.55 billion, exceeding estimates and more than doubling year over year.
Persons: We're, Lisa Su, Su, couldn't pare, Jim Cramer, , Jim Cramer's, Jim Organizations: AMD, Nvidia, Intel, Club, Broadcom, ZT Systems, CNBC, Dell Technologies, Microsoft, Meta, Revenue, Visitors, Congress, Nurphoto, Getty Locations: AMD's, , Shanghai, China
She eats her protein and veggies along with a daily Dr. Pepper, her favorite treat. Lifting weights keeps her strong and prevents injuryStill a devoted Jazzercise fan, Missett stays active with strength training and walking, too. Her daily morning routine includes 20 minutes of lifting weights, and she isn't afraid to go heavy. She said the routine keeps her back healthy, and being strong helped her recover more quickly from a recent hip replacement. For some people, it's an excuse to stop doing things, but it really shouldn't be because if you keep moving, it really helps most of those things," Missett said.
Persons: Jazzercise, Judi Sheppard Missett, , Missett, Pepper, weren't, she's, Dietitians, Misset, I've Organizations: Service Locations: Evanston , Illinois, California
Revenue from obesity treatment Zepbound is forecast to climb to $1.73 billion from $1.24 billion quarter over quarter. For the year, analysts expect Mounjaro sales to reach $4.58 billion, while Zepbound revenue is seen rising to $5.88 billion. The consensus view for combined sales of both drugs now stands at $30.19 billion, according to FactSet. Other key announcements A clinical trial is in progress that pits Zepbound against Novo Nordisk's Wegovy in obesity treatment. Beyond obesity, Lilly has begun treating patients with Kisunla, its Alzheimer's disease treatment.
Persons: Eli Lilly, Lilly, Seamus Fernandez, Morgan Stanley, Terence Flynn, David Risinger, Morgan Stanley's Flynn, Mounjaro, Cantor, Louise Chen, , Fred Imbert Organizations: Investment, Food, Leerink, Novo Nordisk's, FDA, Kisunla Locations: U.S
One week before Election Day, Democrats are spending big to target swing-state voters in nail salons, lifestyle magazines and shopping malls — all places where they might normally seek to escape the news. Zoom In Icon Arrows pointing outwards A DNC advertisement. Zoom In Icon Arrows pointing outwards A DNC advertisement. Zoom In Icon Arrows pointing outwards A DNC advertisement. Zoom In Icon Arrows pointing outwards A DNC advertisement.
Persons: Kamala Harris, Kevin Lamarque, Winfrey's, Donald Trump, Trump, Monica Guardiola Organizations: Democratic, U.S, Democratic National Convention, United Center, Democratic National, Women's, Republican, DNC, Teen Vogue, Spotify, iHeart Media, Keystone State, Vogue Locations: Chicago , Illinois, U.S, Pennsylvania, Keystone
Chris Williams, ex-VP of HR at Microsoft, created an easy way to plan meetings. AdvertisementAt the top, at level five, is the meeting organizerThey called the meeting to solve a problem, explore an issue, and create some results. Level-four people are directly affectedThese are the people who are directly impacted by the meeting's outcome. Seen yet never heard, their absence wouldn't change the meeting outcome. Plan a good meetingEvery meeting should have a clear agenda and include precisely the right people in the room.
Persons: Chris Williams, Williams, , I've, should've Organizations: Microsoft, Service Locations:
A delegate arrives at the King Abdulaziz Conference Centre in Saudi Arabia's capital Riyadh to attend the Future Investment Initiative (FII) forum. The kingdom's $925 billion sovereign wealth fund, the Public Investment Fund, saw its assets jump 29% to 2.87 trillion Saudi riyals ($765.2 billion) in 2023 — and local investment was a major driver. "Value meaning hiring, developing the asset management ecosystem, creating new products, bringing in talent, and investing in Saudi capital markets also. Oil prices and the Saudi economy appear to so far have stayed largely unscathed, dropping 4% early Monday after Israel's weekend strike on Iran. A key reason for that may be the rapprochement deal the kingdom signed with Iran, brokered by China, in March 2023.watch now
Persons: Nureldine, it's, Omar Yacoub, Yacoub, Fadi Arbid, Brent, Arbid, Yemen's, Israel Organizations: King Abdulaziz Conference Centre, Future Investment Initiative, Afp, Getty, Investment Initiative, CNBC, U.S, ABS Global, Public Investment Fund, Saudi, Saudi Arabia's, Amwal Capital Partners, OPEC, Eastern, Ritz, Carlton, Israel Locations: Saudi Arabia's, Riyadh, Saudi, Saudi Arabia, , Dubai, Carlton Riyadh, Gaza, Israel, Lebanon, Iran, Tel Aviv, China
One of Meta's longest-tenured execs shared insights from the 19 years she's worked with Mark Zuckerberg. Head of product Naomi Gleit talked about lessons from his leadership on "Lenny's Podcast." AdvertisementA Meta exec recently reflected on some of the lessons she's learned from nearly two decades working with company cofounder and CEO Mark Zuckerberg. She talked about her experience working with Zuckerberg for over 19 years during an episode of "Lenny's Podcast" released Sunday. Another Meta exec, CTO Andrew "Boz" Bosworth , previously talked about Zuckerberg's approach to feedback.
Persons: execs, she's, Mark Zuckerberg, Naomi Gleit, , Zuckerberg, I've, Gleit, Zuckerberg's, Mark, Andrew, Boz, Bosworth, Meta, Zuck Organizations: Service, East Palo, Reuters, Street Journal Locations: East, East Palo Alto
Former President Donald Trump reiterated his frustration with Taiwan over the weekend when he appeared on "The Joe Rogan Experience" podcast and accused Taiwan of stealing America's chip industry. Trump criticized the U.S. CHIPS Act and said he would implement tariffs on chips from Taiwan if elected president. Shares of Taiwan Semiconductor closed down 4.3% on Monday. The U.S. Commerce Department funds have yet to be allocated to Taiwan Semiconductor or other major semiconductor firms. "We put up billions of dollars for rich companies to come in and borrow the money and build chip companies here.
Persons: Donald Trump, Joe Rogan, Trump, Bernstein, Stacy Rasgon, Rasgon, CC Wei, shouldn't, They're, he'll, Patrick Moorhead, Kamala Harris, it's, Biden Organizations: Taiwan Semiconductor Manufacturing Company, Nvidia, Apple, Taiwan Semiconductor, Amazon, Google, Microsoft, UBS, Intel, Samsung, U.S, CNBC, U.S . Commerce Department, CC, Funds, Mizuho, Trump, Analysts, Citi, VanEck Semiconductor, Global, Texas, China, Micron Locations: Taiwan, U.S, China, Arizona
Israel launched "precise strikes" on Iran on Saturday, killing four soldiers. The Israel Defense Forces said it carried out "targeted and precise strikes" on Iranian military sites on Saturday. Four soldiers were killed following the attack, Iran's military said, according to the IRNA state news agency. Voller said that should Iran choose to respond, it could turn to its proxies to defend its nuclear program. He added that Israel's targeting of Iran's military sites, including its air defense system, would allow it to launch further air attacks if Iran were to escalate the conflict.
Persons: Israel, , Joe Biden, Ayatollah Ali Khamenei, Jonathan Panikoff, Yoel, Voller, Panikoff, Ellie Geranmayeh, Israel shouldn't, Netanyahu, Geranmayeh, Benjamin Netanyahu Organizations: Service, Israel Defense Forces, University of Kent, Security Initiative, The New York Times, Institute for National Security Studies, Iranian, REUTERS, European Council, Foreign Relations, Times Locations: Iran, Iranian, Here's, Israel, East, Tehran, Tel Aviv, North Africa
For all we know, the yield curve may simply be going through the birthing of an un-inverted yield curve. GOOGL YTD mountain Alphabet YTD Search used to be so simple. META YTD mountain Meta Platforms YTD Meta Platforms has run big ahead of the quarter. AMZN YTD mountain Amazon YTD Let's get to the two toughest of the week, Amazon and Apple. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.
Persons: let's, Eli Lilly, nonfarm payrolls, Carl Quintanilla, batty, Jeff Marks, Waymo, Elon Musk, Donald Trump, Kamala Harris, Department's, Mark Zuckerberg, Jensen Huang, Marc Benioff, Trump, Warren Buffett, Jim Cramer's, Jim Cramer, Jim Organizations: CNBC, Microsoft, Apple, Treasury, Federal Reserve, charlatans, Honeywell, Twitter, Club, Gemini, YouTube, Google, Donner Party of cannibalization, AMD, Nvidia, Intel, Merck, Pfizer, Tech Titans, Meta, Amazon Web Services Locations: Wall, cyclicals, California, Philly
Mortgage rates for October 26, 2024, are hovering in the mid-6% range, according to Zillow data. 5-Year Mortgage Rate TrendsHere's how 30-year and 15-year mortgage rates have trended over the last five years, according to Freddie Mac data. Mortgage rates are determined by a variety of different factors, including larger economic trends, Federal Reserve policy, your state's current mortgage rates, the type of loan you're getting, and your personal financial profile. High mortgage rates pushed many hopeful buyers out of the market, slowing homebuying demand and putting downward pressure on home prices. This means your entire monthly mortgage payment, including taxes and insurance, shouldn't exceed 28% of your pre-tax monthly income.
Persons: they'll, you'll, they've, Freddie Mac, it's, Fannie Mae Organizations: Federal, Fed, Traders, Zillow, ARM, Federal Housing Administration, Department of Veterans Affairs, Mortgage, Association Locations: Chevron
Warren Buffett hasn't endorsed Kamala Harris in her presidential race against Donald Trump. Buffett has said he doesn't want to risk hurting his workers and shareholders by voicing his views. AdvertisementWarren Buffett has not endorsed Kamala Harris or Donald Trump, and made it clear this week he will not publicly back either presidential candidate. He didn't endorse Joe Biden either, although Biden reportedly told a group of Wall Street executives in October 2020 that he "just got off the phone with Warren Buffett." It's also possible Buffett has spoken to Harris behind the scenes.
Persons: Warren Buffett hasn't, Kamala Harris, Donald Trump, Berkshire Hathaway, Hillary Clinton, Buffett, , Warren Buffett, Mr, Berkshire CEO's, Barack Obama, he's, he'd, shouldn't, Harris, Joe Biden, Biden, It's, Harris — Organizations: Berkshire, Obama, Service, Berkshire Hathaway's, Democratic, Wall Street Locations: Berkshire, Omaha
A federal appeals court ruled Friday that a Mississippi law allowing mail-in ballots to be counted if they are postmarked before Election Day — but received up to five days after Election Day — is pre-empted by federal law. It does, however, pave the way for a possible challenge that could go up to the U.S. Supreme Court, which could have ramifications for states that do allow ballots postmarked before Election Day to be counted. The appeals court ruling says that no such ballots should be counted. "Federal law requires voters to take timely steps to vote by Election Day. And federal law does not permit the State of Mississippi to extend the period for voting by one day, five days, or 100 days," the ruling said.
Persons: , Trump, James Ho, Kyle Duncan, Andrew Oldham, Rick Hasen, ” Hasen, , , Michael Whatley Organizations: U.S, Circuit, Supreme, statutorily, District of Columbia, University of California, Democracy, NBC, Mississippi, Republican National Committee, RNC Locations: Mississippi, Los Angeles
JPMorgan CEO Jamie Dimon said US adversaries want to dismantle the world order. The bank chief said the Russia-Ukraine and Israel-Gaza conflicts could escalate into World War III. AdvertisementJamie Dimon says US adversaries want to topple the world order, and the Russia-Ukraine and Israel-Hamas conflicts could explode into a new world war. Dimon emphasized the risk that global warfare could break out, citing his historical knowledge and a recent Washington Post article that said, "World War III has already begun." Ray Dalio, another Wall Street billionaire and a financial historian, said last October that the chance of a world war involving the US and China had jumped from 35% to 50% over the previous two years.
Persons: Jamie Dimon, Dimon, , Vladimir Putin's, We've, it's, Ray Dalio Organizations: Service, JPMorgan, Institute for International, Washington Post, Wall Street Locations: Russia, Ukraine, Israel, Gaza, China, Western, Washington , DC, Washington, Iran
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCentral banks shouldn't be affected by political moves — but in Japan it is, professor saysSeijiro Takeshita, a professor of management at the University of Shizuoka, previews Japan's elections and its economic implications.
Persons: Seijiro Takeshita Organizations: University of Shizuoka Locations: Japan
Kendrick said she went to couples therapy to find out what was wrong with the relationship. Although couples therapy has benefits, experts say it is important to find the right therapist. AdvertisementAnna Kendrick didn't have a good experience in couples therapy. However, going for couples therapy did not resolve the situation. "It didn't help that for a long period of time, our couples therapist, I think, just bought his stuff kind of hook, line, and sinker," she said.
Persons: Anna Kendrick, Kendrick, , Anna Kendrick didn't, Alex Cooper's, I'm, We're, Jillian Amodio, Colleen Marshall Organizations: Service, Business Insider Locations: San Francisco
Mārtiņš Kazāks, Bank of Latviawatch nowOn a 50-basis-point rate cut: "Well, everything should be on the table, you know, given what the data tells us. Klaas Knot, Netherlands central bankwatch now"Are we risking a structural undershoot of our inflation target? Joachim Nagel, German central bankwatch nowOn rate cuts: "This discussion about 25 or maybe something different is not helpful. On rate cuts: "The direction is clear. Gediminas Šimkus, Bank of Lithuaniawatch nowOn rate cuts: "We are clearly moving ... towards the direction of easing monetary policy.
Persons: Karen Tso, Pierre Wunsch, I'm, we've, Mario Centeno, Klaas, It's, Robert Holzmann, Joachim Nagel, disinflation, Volcker, Olli Rehn, it's, Gediminas Šimkus, Boris Vujčić Organizations: European Central Bank, International Monetary, Bank of Latvia, National Bank of Belgium, Bank of Portugal, Austrian National Bank, Bank of France, Bank of Finland, Bank of Lithuania, Croatian National Bank Locations: Washington ,, Kazāks, Netherlands, German, Galhau, Europe
One of the patients in the McDonald's outbreak suffered from that condition, known as hemolytic uremic syndrome. Hedberg is also a member of the McDonald's Food Safety Advisory Council, but said he has not worked with the company on its response to the outbreak. The size of the outbreak "would imply widespread undercooking by many different individual McDonald's restaurants" if beef was the culprit, according to Hedberg. For example, rival Wendy's dealt with its own link to an E. coli outbreak two years ago. However, that transparency means more media coverage, which reminds consumers about the crisis and risks scaring them away from McDonald's restaurants.
Persons: Michael M, Taylor, it's, spokespeople, McDonald's, Thomas Jaenisch, There's, Xiang Yang, Yang, Craig Hedberg, Hedberg, Jaenisch, Wendy's, Eric Gonzalez, Jack, Chipotle, Gonzalez, Joe Erlinger, Erlinger, Jo, Ellen Pozner, Darin Detwiler, Detwiler, Bill Marler, Marler, Clarissa DeBock, Eric Stelly Organizations: Santiago, Getty, for Disease Control, Taylor, Foods, . Foods, McDonald's, CDC, Colorado School of Public Health, University of California, Food Safety Center of Excellence, Food Safety Advisory, Food and Drug Administration, U.S . Department of Agriculture's, Inspection Service, CNBC, Media, USA, Santa Clara University Leavey School of Business, Northeastern University Locations: Flatbush, Brooklyn, New York City, California, Davis, Colorado, U.S, Minnesota, McDonald's U.S, Nebraska, Greeley , Colorado
Brendan McDermid | ReutersThis report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. What you need to know todayThe bottom lineLike an unwelcome ex-partner who shows up during the most inopportune times and refuses to leave, Treasury yields too have made a return and are hogging the market limelight. It's not inconceivable, then, that the strong economy might prompt the Fed to slow down, or even hold back, its rate cuts. The stock market slumped as yields rebounded.
Persons: Brendan McDermid, Brent Schutte, Paul Hickey, Hickey, Wells, they'll, , Jeff Cox, Lisa Kailai Han, Pia Singh, Brian Evans Organizations: New York Stock Exchange, Reuters, CNBC, U.S . Federal Reserve, Fed, Northwestern Mutual Wealth Management, Dow Jones Industrial, Nasdaq Locations: TY, New York City, U.S
Invest in an oven thermometerKastel told BI that an oven thermometer is one of his must-have kitchen tools. "If you can master breaking down and roasting a chicken, you can successfully roast a turkey," he told BI. Vezzani Photography/ShutterstockIf you're baking something that involves dough, pay attention to its consistency as you add water or other liquids. AdvertisementBloom told BI that you can use an egg to reduce the odds of this happening. Advertisement"For the best-looking pie slice, you need to let your pie cool completely before slicing," she told BI.
Persons: , Phil Kastel, Kastel, Chris Shepherd, James Beard, Shepherd, Teresa Shurilla, Shurilla, Rebecca Bloom, Piedaho, shouldn't, Bloom, Charles Brutlag, Read Organizations: Service, Invest, James, James Beard Foundation, University of Hawai'i Maui College Culinary Arts Locations: LA
AdvertisementTesla's earlier Robotaxi unveiling failed to impress investors, despite a surprise Robovan announcement and promises that unsupervised fully autonomous driving would be available in California and Texas next year. After the unveiling, Tesla's stock fell 10%. And the stock increase shows just how much analysts focus on the near-term and Tesla's automotive business, he said. The company also said in its earnings report that production on "more affordable models" remains on track for the first half of 2025. Musk also touted other aspects of Tesla's business, including its energy products and fully autonomous self-driving cars.
Persons: , Tesla, Musk, Piper Sandler, Dan Levy, Gene Munster, Mark Narayan Organizations: Tesla, Service, Elon Musk's, Analysts, Barclays, Deepwater Asset Management, RBC Capital Markets, Optimus Locations: California, Texas
Former Abercrombie & Fitch CEO Mike Jeffries was charged with sex trafficking on Tuesday. AdvertisementLong before federal charges hit, there were concerns about former Abercrombie & Fitch CEO Mike Jeffries — and lawsuits that attacked the way he ran his company. Attorneys for Jeffries and Smith told Business Insider in statements that they would respond "in the courthouse." "This is very much a military operation," Jeffries told The Wall Street Journal in 1997. The pilot accused the CEO of enacting similar standards on board as in Abercrombie stores and firing him due to his age.
Persons: Mike Jeffries, Jeffries, Abercrombie, , Mike Jeffries —, Matthew Smith, Smith, Fitch, Les Wexner, Jeffrey Epstein, Paul Harris, Bruce Weber, Weber, Barts, Tig Ol, Erik Gordon, Jeffries shouldn't Organizations: Abercrombie, Fitch, Service, Prosecutors, Wall Street, Revenue, CNN, Hamptons, Employees, Supreme, University of, BBC, Eastern, of Locations: Midwest, New York City, St, Oklahoma, Assam, Darjeeling, of New York
Brett and Tiffany both kept their day jobs after appearing on 'Love Is Blind'Brett and Tiffany met and fell in love on "Love Is Blind" season 4. But the security of having full-time jobs — or at least one full-time job among two of them — has allowed them to be discerning. Influencing as a side-hustle has been lucrative for the 'Love Is Blind' coupleBrett and Tiffany during the "Love Is Blind" reunion. Juggling maintaining a public profile and working a full-time job can mean the Browns are sometimes spread a little thin. AdvertisementYears before 'Love Is Blind,' Brett made a career changeBrett on "Love Is Blind" season 4.
Persons: Brett Brown, Brown, , Tiffany Pennywell, Brett, Tiffany, I'm, there's, Netflix Brett, they've, Monty Brinton, he'll, Brett hadn't Organizations: Nike, Service, Netflix, Browns, Amazon, Business Locations: Seattle, Portland, New Hampshire, Kohan
AdvertisementInstead, the researchers are looking for the traits in other banana varieties that match a Cavendish's taste and hardiness. ChiquitaThey used information about the bananas' disease resistance, color, yield, and other characteristics as a kind of Lego system, García-Bastidas said. AdvertisementNow that TR4 is spreading, growers and scientists don't want to make the same mistake again of relying on a single banana variety. AdvertisementLi-Jun Ma, a professor of biochemistry at the University of Massachusetts Amherst studying the banana-killing fungi, agrees we shouldn't rely on a single banana variety. Ultimately, Yelloway researchers envision a future where grocery stores offer multiple banana varieties.
Persons: Chiquita, , Cavendish, We're, Peter Stedman, Fernando García, Bastidas, They're, Jeffrey Greenberg, Manuel Rueda The Cavendish, Gros Michel, The Cavendish, Yelloway, Stedman, Li, Jun Ma Organizations: kiwis, Wageningen University & Research, Yelloway Initiative, Chiquita, Universal, Getty, AP, University of Massachusetts Amherst Locations: Netherlands, Philippines, Indonesia, Riohacha, Colombia
Victims of the E. coli outbreak linked to McDonald's are preparing to sue. A top food safety attorney told BI that his phones have been "ringing off the hook." AdvertisementVictims who have been sickened in connection to the deadly E. coli outbreak linked to McDonald's famed Quarter Pounders are already lawyering up. AdvertisementThe lawsuit, which alleges negligence by McDonald's, says that health investigators confirmed Stelly was part of the E. coli outbreak linked to McDonalds. Related storiesIn a statement, Simon said the McDonald's-related E. coli outbreak "will be one of the most significant food poisoning outbreaks this year."
Persons: , Ron Simon, Simon, Eric Stelly, Stelly, Meyers, McDonald's, Simon — Organizations: Service, Associates, McDonalds, McDonalds . Representatives, Boar's, Disease Control, Prevention, CDC Locations: Houston , Texas, Colorado, Greeley, McDonalds ., Colorado and Nebraska
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