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Nvidia is slated to replace rival chipmaker Intel , while paint manufacturer Sherwin-Williams will replace Dow Inc . Fox Corp. — Shares rose nearly 4% after the media company surpassed Wall Street's fiscal first-quarter estimates. That surpassed the earnings per share of $1.13 and $3.38 billion in revenue expected by analysts polled by FactSet. The New York Times — The media company's shares fell 6% after The New York Times added fewer-than-expected digital subscribers in the third quarter, even as its digital advertising sales saw its strongest growth in more than two years. The New York Times Tech Guild also announced Monday morning that it is officially on an unfair labor practice strike .
Persons: Sherwin, Williams, Berkshire Hathaway, Warren Buffett's, FactSet, Talen, Marriott, Peter Stern, Chewy, Dow, — CNBC's Michelle Fox, Lisa Kailai Han, Pia Singh, Sean Conlon, Samantha Subin Organizations: Nvidia, Dow Jones, Intel, Dow Inc, Berkshire, Energy, Federal Energy Regulatory Commission, Susquehanna, Amazon, Constellation Energy, Marriott, underperform, Bank of America, Yum China Holdings —, Fox Corp, FactSet, The New York Times, New York Times, New York Times Tech Guild Locations: Shanghai, Yum China
“Tonight, with full but broken hearts, we must share the news of our father and brother Quincy Jones’ passing,” the Jones family said in the statement. American jazz musician, arranger, and composer Quincy Jones (left) works with singer and actor Frank Sinatra on a soundstage, 1964. His family eventually moved to Seattle, Washington, and Jones began taking lessons from famed horn player Clark Terry. Musician, composer and producer Quincy Jones poses for a portrait in 1981 in Los Angeles. In 1967 he married Swedish model Ulla Andersson, and they had two children, Martina and Quincy Jones III, before divorcing in 1974.
Persons: Quincy Jones, Ray Charles, Frank Sinatra, Michael Jackson, Jones, , John Dominis, Michael Jackson’s, Clark Terry, Lionel Hampton, Gladys, , ” Jones, , We’ll, ’ ” Jones, Schillinger, Count Basie, Duke Ellington, Sarah Vaughan, Dizzy Gillespie, Bobby Holland, Michael Ochs, Leslie Gore’s, Peggy Lee, Jackson, Steven Spielberg, Jim Henson, Kevin Mazur, Bel, Will Smith, Jeri Caldwell, Jolie, Ulla Andersson, Quincy Jones III, Peggy Lipton, Rashida Jones, Kidada Jones, Rachel, Carol Reynolds, Kenya Kinski, Nastassja Kinski, Rolling Stone, Louie Armstrong, Mr, Sinatra Organizations: CNN, Hampton, National Endowment, Arts, Berklee College of Music, Michael Ochs Archives, Mercury Records, Party, M Records, Qwest, Jim Henson Studios Locations: Bel Air , California, American, Chicago, Seattle , Washington, Boston, Los Angeles, Haiti, Hollywood , California, Swedish, Kenya
CNN —Jennifer Lopez and Ben Affleck may be going through a divorce, but it sounds like things are amicable. While promoting “Small Things Like These,” which he produced, Affleck also discussed another film, “Unstoppable,” which stars Don Cheadle, Jharrel Jerome, Bobby Cannavale and Lopez. “’Unstoppable’ is a very different movie than this, but in a way, it’s similarly rooted in the passion of really talented artists,” Affleck told Entertainment Tonight. “Billy Goldenberg and Jennifer and Don Cheadle and Jharrel [Jerome], and Bobby Cannavale, all were really passionate about this film.”The actor/director/producer also had plenty of praise for the movie’s stars, including his ex. “Jennifer’s spectacular,” Affleck said.
Persons: Jennifer Lopez, Ben Affleck, Affleck, Don Cheadle, Jharrel Jerome, Bobby Cannavale, Lopez, , ” Affleck, “ Billy Goldenberg, Jennifer, Jerome, , Anthony Robles Organizations: CNN, Entertainment, Beverly Hills Locations: Jharrel, Los Angeles, Georgia, Las Vegas
WAXHAW, N.C. — Pro-Trump signs outnumber the ones for Harris outside of the Wesley Chapel volunteer fire department, an early voting site in Union County, North Carolina. A crumpled Harris sign adds to pre-election stress in the Union County, North Carolina. Patrick Martin / NBC NewsBryan Robinson, another Union County resident, echoed concerns about the potential for violence and retaliation. Leigh Benish and her son at their church in Butler, Pa. Election-related anxiety, Benish said, has kept her up at night. Leigh BenishThe onslaught is so overwhelming that Benish, a church pastor in Butler, has begun to focus on election stress in sessions with her counselor.
Persons: Harris, , Lisa, Kamala Harris, Walz, , Patrick Martin, Bryan Robinson, “ I’m, Vaile Wright, Bryan Sexton, ” Sexton, Elijah Nouvelage, Leigh Benish, “ I’ve, Benish, Donald Trump, ” Benish, Wright, ” Wright, Sexton, Lisa Quebedeaux, she’s, ” Quebedeaux Organizations: , Trump, Wesley Chapel, Democratic, NBC, American Psychological Association, Duke Center for, ” Media, Butler Locations: N.C, Union County , North Carolina, Charlotte, South Carolina, It’s, Union County, Arizona, Georgia, Michigan, Nevada , North Carolina , Pennsylvania, Wisconsin, Durham , North Carolina, Duluth , Ga, Butler , Pennsylvania, Pennsylvania, Butler, Pa
download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . The world's best golf coursesDavid Madison/Getty ImagesDavid Weiss has spent over 30 years traveling to and writing about golf courses. Glasses we love : Affordable and easy to shop, Zenni is one of our favorite places to find customizable prescription eyewear. : Affordable and easy to shop, Zenni is one of our favorite places to find customizable prescription eyewear. We gathered 19 of our favorite places to find stylish and affordable women's work clothes, from two-piece suits to bold blouses.
Persons: , BURCU ATALAY, Tyler Le, Julia Pugachevsky, Sports dietician Jena Brown, Julia, Brown, Tamirat Tola, Bashir Abdi, Tayshia Adams, Phoebe Robinson, Rebecca Zisser, Eva Longoria's, Eva Longoria, Valerie Macon, John Wick, Longoria, David Madison, David Weiss, he's, Chuck Zlotnick, Hulu's, podcasters, Agatha All, Kathryn Hahn, Agatha Harkness, Martha, Martha Stewart's, Dan DeFrancesco, Jordan Parker Erb, Lisa Ryan, Amanda Yen Organizations: Business, Service, New York City Marathon, Sports dietician, Getty, Point, Cabo del, Marvel Television, Netflix, Adidas Locations: Colorado, Europe, Staten Island, United States, AFP, Pebble Beach , California, Cortez, Cabo, Cabo del Sol, Mexico, New York City, New York
Gary Allen Montelongo won $10,000 for a science project on train derailment. Montelongo built and coded an experiment on railroad suspension, then won a national competition. AdvertisementThe internship ended, but Montelongo couldn't get the derailment off his mind, so he went down to the train tracks near his house. Then he built three sets of model railroad tracks out of foam and fitted them with three different types of springs: fresh new springs, midlife springs, and old, worn-out springs. This mimicked the different suspension systems he'd seen at the train tracks near his home.
Persons: Gary Allen Montelongo, Montelongo, , Lisa Fryklund, Ajmera, Montelongo couldn't Organizations: Service, Fisher Scientific, Junior, Society for Science, Broadcom, Federal Railroad Administration, University of Texas, NASA, SpaceX Locations: Ohio, East Palestine , Ohio, University of Texas Rio Grande
Brooklinen All-Season Down Comforter (Queen) The Brooklinen All-Season Down Comforter is a soft, light, and comfortable choice that's airy and warm but remains breathable so you can use it any time of the year. Check price at Brooklinen Check price at Amazon What we like Check mark icon A check mark. Light and airy feelCheck mark icon A check mark. Smooth sateen shellCheck mark icon A check mark. The Brooklinen All-Season Down is the best all-year comforter I've found, but it's not magical.
Persons: I've, it's, Mara Leighton, you've, There's, It's, I'm, Brooklinen, I'd, haven't Organizations: Business
Nonfarm payrolls increased by 12,000 for the month, down sharply from September and below the Dow Jones estimate for 100,000, the Bureau of Labor Statistics reported Friday. In what had already been expected to be a downbeat report, October posted the smallest gain since December 2020. A broader measure of unemployment that includes discouraged workers and those holding part-time jobs for economic reasons also was unchanged at 7.7%. In the report narrative, the BLS noted that the Boeing strike likely subtracted 44,000 jobs in the manufacturing sector, which lost 46,000 positions overall. The meager jobs numbers along with wages about in line with expectations help cement another interest rate cut from the Federal Reserve next week.
Persons: Nonfarm, Dow Jones, Helene, Milton, Cory Stahle, Kamala Harris, Republican Donald Trump, Lisa Sturtevant Organizations: of Labor Statistics, BLS, Boeing, Federal Reserve, Republican, Bright MLS Locations: U.S
Companies beat expectations, with some boosted by large cloud growth. AdvertisementThe tech giants Meta, Alphabet, Amazon, Apple, and Microsoft reported earnings this week, and investors were laser-focused on the results of AI investments. Cloud is kingMicrosoft, Alphabet, and Amazon saw significant growth in their cloud businesses, fueled by increased demand. Jeremy Goldman, EMARKETER's senior director of briefings, told BI that Microsoft's cloud business had decelerated from the "breakneck pace" of previous quarters. Related storiesWhile Google reported stronger cloud growth, Microsoft still leads it in cloud market share, and both are behind Amazon Web Services.
Persons: , Kate Leaman, Jeremy Goldman, EMARKETER's, Amy Hood, Dan Romanoff, Andy Jassy, Tracy Woo, Forrester, AWS's, Jassy, Rufus, Sundar Pichai, Pichai, Mark Zuckerberg, Hood, Michael Field, Jaejune Kim, Lisa Su, we've Organizations: Apple, Companies, Service, Microsoft, Amazon, Morningstar, Google, Amazon Web, Amazon Web Services, Investment, Big Tech, Bank of America Securities, Meta, Nvidia, SK Hynix, Samsung, AMD, Services
CNN —Mariah Carey is finally ready. After recently posting some videos poking a bit of fun at her reputation as the “Queen of Christmas,” the superstar singer used Halloween to officially launch the winter holiday season. The post also served as an ad for Kay Jewelers, which supplied the bling Carey wears in the video. It’s voting season.”“All I Want for Christmas Is You” off her 1994 album “Merry Christmas” and is now considered to be a classic. Amazon Music has announced an exclusive collaboration with Carey on her brand new “Christmas Time by Mariah Carey” holiday decor and tour merch collections to celebrate the 30-year anniversary of her hit song.
Persons: Mariah Carey, Carey, Gomez Addams, Organizations: CNN
Yuki Iwamura | Bloomberg | Getty ImagesThe unemployment rate for white Americans inched higher in October, according to data released Friday by the Department of Labor. In October, white Americans saw their jobless rate rise to 3.8% from 3.6% in the month prior. On the other hand, the jobless rates for both white men and women edged higher in October. While Hispanic women saw their jobless rate climb to 5.2% from 4.8%, unemployment rates for their male counterparts slid to 4.0% from 4.1%. The unemployment rate also ticked lower for Black women to 4.9% from 5.3%, while it climbed to 5.7% from 5.1% for Black men.
Persons: Yuki Iwamura, Heidi Shierholz, Shierholz Organizations: New York, Bronx Library Center, Bloomberg, Getty, Department of Labor, Economic Policy Institute, CNBC Locations: Bronx, New York
CNN —While Luther Vandross died in 2005 at the age of 54, his music remains timeless. Director Dawn Porter told CNN that as beloved as Vandross was, she wanted the film to be more than just an overt love letter to him. But for Porter, an award-winning filmmaker, the one person she wanted to make sure she gave an opportunity to speak was Vandross himself. “For Luther, I just gained such a much deeper appreciation of the work that he put into making his art look effortless,” she said. “Luther: Never Too Much” hits theaters in select cities Friday and will premiere next year on CNN, OWN and Max.
Persons: Luther Vandross, “ Luther, , Vandross, Aretha Franklin, Burger, Dawn Porter, , Porter, Mariah Carey, Jamie Foxx, ” Dawn Porter, Emma McIntyre, ” Porter, Luther, “ John Lewis, Bird, didn’t, Max Organizations: CNN, CNN Films, Sony Locations: Burger King, Kentucky, Santa Monica , California
CNN —While it’s not yet clear if either US presidential candidate will win in a “Landslide,” singer Stevie Nicks is encouraging people to vote. “I never voted until I was 70, but I regret that. I’ve told everybody that onstage for the last two years,” Nicks said. “In the end of the ’50s and ’60s and into the ’70s, everyone was writing protest songs. “I would say to all my musical poets that write songs to write some songs about what’s happening like I did.”
Persons: it’s, Stevie Nicks, Fleetwood Mac, , I’ve, ” Nicks, , Nicks, Roe, Wade, Bob Dylan, Joan Baez, Joni Mitchell, Stephen Stills Organizations: CNN, MSNBC,
Carvana — The used car platform rose 23% after posting a third-quarter earnings and revenue beat . Etsy — Shares rallied 8% after the online e-commerce platform posted third-quarter results that surprised to the upside. Microsoft called for revenue ranging between $68.1 billion to $69.1 billion, while analysts had forecasted $69.83 billion, according to LSEG. Coinbase — The cryptocurrency exchange platform shed 10% after posting a third-quarter earnings and revenue miss . Teleflex — Shares plummeted 15.6% after the medical device provider reported third-quarter revenue of $764.4 million, below FactSet's estimated $768.7 million.
Persons: Peter Stern, Carvana, Etsy —, FactSet, Coinbase, LSEG, Uber, Ernst, Young, Teleflex, Robinhood, Estee Lauder, — CNBC's Sean Conlon, Alex Harring, Jesse Pound, Samantha Subin Organizations: , Ford, Norwegian Cruise Line Holdings, Microsoft, eBay —, eBay, MGM Resorts, MGM Locations: Norwegian, FactSet, China
CNN —Jennifer Garner found a cute way to show Halloween spirit and celebrate the 20th anniversary of one of her most beloved films. “Happy 20th Halloween, Jenna Rink,” the caption reads. Jennifer Garner shares a video of her Halloween costume to Instagram. From Jennifer Garner/InstagramA year ago, Garner appeared on “The Drew Barrymore Show,” where Barrymore did a retrospective of some of Garner’s work. When they got to “13 Going On 30,” Garner said to Barrymore “Can you stand it?”“Joy.
Persons: Jennifer Garner, ” Garner, Jenna Rink, Jenna, Whitney, Garner, Instagram, Drew Barrymore, , Barrymore Organizations: CNN
Foruteen of the analysts covering Zillow rate it either a strong buy or buy, while 11 view it as a hold. The average price target represents potential 7% upside. The majority of analysts are bullish on platform, while the average price target implies 33% upside. Analyst Kirk Materne's $610 price target is roughly 9% higher than where HubSpot stock is currently trading. Analysts are overwhelmingly bullish on HubSpot, with the average price target representing a potential 11% gain.
Persons: Zillow, Foruteen, Wedbush, Jay McCanless, McCanless, Pinterest, Justin Post, HubSpot, Kirk Materne's Organizations: CNBC Pro, Investment, Bank of America, ISI, Software Locations: outperforming, Zillow
Carvana – Shares surged more than 19% on the heels of a third-quarter earnings and revenue beat . Microsoft sees revenue coming in between $68.1 billion and $69.1 billion, while analysts were estimating $69.8 billion, according to LSEG. Comcast – Shares climbed nearly 6% after the theme park and media company's third quarter earnings and revenue beat analyst estimates. Cigna – Shares advanced more than 2% after the insurer's third-quarter earnings and revenue beat analysts' expectations. Coinbase – The cryptocurrency exchange platform fell more than 2% after third-quarter earnings and revenue missed Street estimates .
Persons: Carvana, LSEG, Peter Stern, Robinhood, Meta, Cigna, FactSet, Etsy, Coinbase, , Alex Harring, Samantha Subin, Jesse Pound, Lisa Kailai Han, Sarah Min, Michelle Fox Theobald Organizations: eBay, Ebay, , Microsoft, Booking Holdings, Uber Technologies, Comcast, LSEG, Super, Facebook, Meta, Wall, CNBC Locations: StreetAccount, LSEG .
Some investors believe that under a Trump presidency, higher interest rates and inflation could lead to a more expensive dollar. But Erik Knutzen, co-chief investment officer of Neuberger Berman's Multi-Asset Strategies, says that the dollar could actually decline under a Trump administration. "Trump and his cohort actually would like to see a weaker dollar to support the American economy. Yes, the dollar may have some short-term impetus, but frankly you could probably fade that trade if Trump is not elected." Knutzen added that the dollar will probably weaken in the near term in the scenario that Trump loses the November election.
Persons: Erik Knutzen, Neuberger Berman's, Trump, — Lisa Kailai Han Organizations: Trump Locations: American
AMD's GPU sales are nearing CPU sales, driven by AI data center demand. AMD raised its 2024 GPU sales forecast to over $5 billion, up from $4.5 billion. AdvertisementWhat could also keep this dynamic from becoming permanent is the immaturity of the ecosystem around AMD GPUs. UBS analysts warned that 2025 may be yet another transition year in which AI data centers and GPU sales don't reach maturity — predicting higher GPU sales in 2026 than in 2025. The analysts expect $5 billion in GPU sales this year to reach around $8 billion next year.
Persons: , Lisa Su, Su, Morgan Stanley Organizations: AMD, Service, Bank of America, Nvidia, UBS
CNN —A new song by the late singer Liam Payne that was set to debut Friday will be delayed. One of his producers, Sam Pounds, announced on social media Tuesday that Payne’s new single, “Do No Wrong,” would not be released on Thursday as had been previously announced. I want all proceeds go to a charity of their choosing (or however they desire),” Pounds wrote on social media. With love Sam Pounds.”Today I’m deciding to hold “ Do No Wrong” and leave those liberties up to all family members. We are all still mourning the passing of Liam and… — Sam Pounds (@iamsampounds) October 29, 2024An investigation into the singer’s death is ongoing.
Persons: Liam Payne, Payne, Sam Pounds, , I’m, ” Pounds, Liam, … — Sam Pounds, ” Payne Organizations: CNN, , Locations: Buenos Aires, Argentina, VeeCon
Additionally, Reddit guided for fourth-quarter revenue of between $385 million and $400 million, while analysts had estimated an average of $357.9 million. Josey wrote that Reddit's continued user growth and engagement gains have boosted the company — and should continue to do so. JPMorgan analyst Doug Anmuth raised his price target to $110 from $77, while Bank of America analyst Justin Post lifted his target price to $99 from $84. These updated objectives respectively imply that Reddit stock could rise 35% and 21% from its Tuesday close. Shmulik's $85 price target, raised from $65, is just 4% higher than the stock's Tuesday closing price.
Persons: Reddit, LSEG, Ronald Josey, Josey, Reddit's, Morgan Stanley, Doug Anmuth, Justin Post, Brian Nowak's, Bernstein, Mark Shmulik, Shmulik, Jekyll, Hyde, that's Organizations: Citi, Bank of America, JPMorgan Locations: Reddit, Tuesday's
Shares of Boeing have slipped 41% this year, weighed down by a slew of headwinds including quality control issues and, most recently, a machinists strike. The strike began last month and was prolonged last week after the union rejected Boeing's latest labor proposal . BA YTD mountain Boeing YTD chart Harned expressed his doubt that Boeing would be able to pull off a recovery in the short term. The strike has also worsened Boeing's free cash flow outlook, which is now "materially worse" than Harned's prior estimates. The analyst sees about $4 billion in negative free cash flow for the fourth quarter and about $5 billion in negative free cash flow for 2025.
Persons: Bernstein, Douglas Harned, , Kelly Ortberg, Harned Organizations: Boeing Locations: Tuesday's
CNN —Olivia Rodrigo has had a big world tour that she said has been fun - despite an accident that made headlines. During a recent appearance on “The Tonight Show Starring Jimmy Fallon,” he brought up the fact that Rodrigo “handled it like a pro” after she fell through a hole on the stage while performing earlier this month in Melbourne, Australia. That’s alright,” Rodrigo told the audience. Olivia Rodrigo Got Interrogated by Cops While on GUTS Tour, Talks Friendship with Chappell Roan“It was really scary.” Rodrigo said. “Making sure I didn’t get hurt and so I’m really happy it happened.
Persons: Olivia Rodrigo, Jimmy Fallon, , Rodrigo “, Fallon, ” Rodrigo, Chappell Roan, , Rodrigo, I’m Organizations: CNN, Cops Locations: Melbourne, Australia, Philippines
AMD still has a gap to close with Nvidia's AI chips
  + stars: | 2024-10-30 | by ( Helen Li | ) www.businessinsider.com   time to read: +4 min
AMD aims to close the gap with Nvidia, which holds 80% of the GPU market. AMD still has a large gap with Nvidia, as it lags behind in GPUs or graphics processing units. Su responded that AMD's road map "actually closed a good part of that gap" with Nvidia's products and that AMD holds an advantage in data center retrofitting. Advertisement"As much as we still believe NVDA will be hard to shake from its 80-85% AI share, AMD still has done an enviable job from virtually zero to ~5% market share," Arya wrote in a note released on Wednesday. Even if this share remains unchanged, the underlying AI growth will still provide AMD "the chance to participate," he added.
Persons: , Lisa Su, MI350, Blackwell, Vivek Arya, Su, Piper Sandler, Harsh Kumar, We've, Arya, Morgan Stanley Organizations: AMD, Nvidia, Service, Devices, Wall Street, Bank of America Securities, Analysts, Microsoft, Meta, Google
Major Wall Street banks remain bullish on Alphabet following the tech titan's strong third-quarter results . On Tuesday, Google's parent company reported earnings of $2.12 per share, while analysts polled by LSEG had predicted $1.85 per share. The company's revenue grew 15% year over year to $88.27 billion, more than the same quarter last year and the $86.30 billion analysts had anticipated. "We think shares could remain choppy as we work through the Search remedies, given the large impact zone, but performance in 3Q was solid." Meanwhile, Goldman Sachs' Eric Sheridan also commended the firm for its strong investment cycle, which includes investments into Google's Cloud infrastructure and more AI deployment through its application ecosystem.
Persons: LSEG, Goldman Sachs, Morgan Stanley, Ross Sandler, Doug Anmuth, Eric Sheridan Organizations: Barclays, Citi, JPMorgan, Bank of America, of America, Google, DOJ
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