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CNBC Daily Open: Nasdaq record, Tesla future value?
  + stars: | 2024-06-17 | by ( Abid Ali | ) www.cnbc.com   time to read: +3 min
Alain Jocard | AFP | Getty ImagesThis 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. This valuation, however, wouldn't be based on Tesla's success as an electric vehicle manufacturer, but rather as a robotics company. While Musk didn't provide a specific timeframe for this claim, he also suggested Tesla could reach a $5 trillion to $7 trillion valuation as a robotaxi company. In 2020, Tesla's worth even surpassed the combined value of Toyota, Volkswagen, Hyundai, GM, Ford and BMW.
Persons: Elon Musk, Porte, Alain Jocard, Elon, Tesla, Cathie Wood, Wood, CNBC's, Dan Ives, Chris Ailman, Ailman, CNBC's Michael Santoli, Jeff Cox, Michael Santoli, Jordan Novet, Katie Bartlett, Pia Singh, Riley de León, Spencer Kimball, Lisa Kailai Han, Brian Evans Organizations: SpaceX, Twitter, Porte de, AFP, Getty, CNBC, Toyota, Volkswagen, Hyundai, GM, Ford, BMW, California State Teachers, Nvidia, & $ Locations: Paris, Tesla
Read previewThe forecast looks bright for American nuclear energy, Bill Gates says. The billionaire former Microsoft CEO is already building a nuclear power plant in Wyoming with TerraPower, a company he cofounded. Related stories"Their support for nuclear power is very impressive in both parties," Gates told CBS News on "Face the Nation" on Sunday. And you really don't want the nuclear reactors around the world, made by our adversaries, because it's economically a huge job creator." That steam is then routed through the nuclear reactor's steam system to spin turbines and produce electricity.
Persons: , Bill Gates, Gates, It's, Joe Biden Organizations: Service, Microsoft, Business, CBS, of Nuclear Energy, Tech Locations: Wyoming, United States
Meta AI has sparked mixed reactions on social media apps like Instagram and Facebook. It's not possible to opt out, no matter what Meta AI tells you. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Meta introduced its AI on the company's apps in April. This story is available exclusively to Business Insider subscribers.
Persons: , Meta Organizations: Facebook, Service, Business
Tens of thousands of women fled Texas in 2023 to get abortions out of state, data shows. Nationally, over 171,000 patients traveled out of state to get care. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . That includes the number of women who had to leave the state to get abortion care, new data shows. In 2023, over 35,000 patients fled Texas to get abortion care in another state, according to data from the Guttmacher Institute, a pro-abortion research and policy organization.
Persons: , Guttmacher, Court's Dobbs, Roe, Wade Organizations: Service, Guttmacher Institute, Nationwide Locations: Texas
Derek Jeter has a buyer willing to pay $6.3 million for his lake-front castle in upstate New York. The Baseball Hall of Famer initially listed the property for over $14 million in 2018. Named Tiedemann Castle, the property features a turret, bridge, waterfall, and fountains. AdvertisementAfter years of trying, New York Yankees legend Derek Jeter finally found a buyer for his lake-front castle in upstate New York. But only after he cut the sale price in half, The New York Times reported.
Persons: Derek Jeter, Organizations: The Baseball, of Famer, Service, , New York Yankees, New York Times, Times Locations: New York, , New
Joe Alwyn spoke about his relationship with Taylor Swift to The Sunday Times. Swift and Alwyn dated for six years before breaking up in 2023. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementJoe Alwyn, speaking openly about his breakup with Taylor Swift for the first time, urged fans to have some empathy. Alwyn, 33, and Swift, 34, dated for six years before their split in April 2023.
Persons: Joe Alwyn, Taylor Swift, Alwyn, Swift, , Swifties Organizations: Sunday Times, Service, Department Locations: London
Meta said it won't launch its AI assistant in Europe following pushback from regulators. Regulators raised privacy concerns about Meta's plan to scrape user data to train its AI. But Meta says that data is essential to offer a useful product. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Meta announced Friday it won't release its AI features in Europe because the EU's stringent privacy regulations would make it a "second-rate experience."
Persons: Meta, Organizations: Service, Meta, Irish, Facebook Locations: Europe
Adobe CEO Shantanu Narayen speaks during an interview with CNBC on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., February 20, 2024. Adobe shares surged 15% on Friday, the biggest gain since March 2020, after the software maker reported earnings and revenue that beat analysts' estimates. Salesforce shares suffered their worst plunge since 2004 late last month after the cloud software vendor posted weaker-than-expected revenue and issued disappointing guidance. Even after Friday's rally, Adobe shares remain down 12% for the year. WATCH: CNBC's interview with Adobe CEO Shantanu Narayen
Persons: Shantanu Narayen, Narayen, Salesforce, CrowdStrike, Piper Sandler Organizations: CNBC, New York Stock Exchange, Adobe, Creative, Digital Media, Oracle, Google Locations: New York City, U.S
Microsoft CEO Satya Nadella speaks during the Microsoft Build conference at Microsoft headquarters in Redmond, Washington, on May 21, 2024. Microsoft plans to make the AI feature available on all Copilot+ PCs soon after they receive feedback through WIP. Microsoft first introduced the Copilot+ PC on May 20 as a computer designed to run advanced AI programs, including Recall. Recall is an AI tool that regularly takes screenshots to create a record of activity, allowing users to search for their previous actions. Microsoft's decision to delay Recall follows heightened concerns around security as the AI field evolves rapidly.
Persons: Satya Nadella, Pavan Davuluri Organizations: Microsoft, Windows, Industry Locations: Redmond , Washington, U.S
By the time intelligence collected on overseas ISIS targets connected the men to the terror group, they had already been vetted by immigration authorities and allowed into the country, officials said. The men remain in federal custody on immigration charges and will eventually be deported following the counterterror investigation into them. US officials and analysts who closely track Islamist terror groups do know that ISIS-K has dramatically ramped up its online propaganda machine. But that’s not necessarily a reliable gauge of the number of actual terrorists who may be trying to enter the United States, US officials argue. Or they could belong to a legacy terror group — like the FARC — that isn’t known for conducting attacks on US soil.
Persons: , “ We’re, , Michael Morell, Christopher Wray, CNN Colin Clarke, ” Clarke, ” Republican Oklahoma Sen, James Lankford, noncitizens, that’s, Clarke, — it’s, ” Said, It’s Organizations: CNN, ISIS, FBI, ICE, Islamic, Crocus, US, Affairs, Foreign Affairs, ” Republican Oklahoma, Jordanian, US Marines Locations: Tajikistan, Central Asia, Afghanistan, Europe, Moscow, United States, al Qaeda, Syria, North America, Central, Uzbekistan, Kazakhstan, Quantico
Broadcom shares rose about 12% on Thursday after the company posted second fiscal quarter earnings that beat analysts' estimates and showed that it's benefiting from the artificial intelligence boom. Broadcom reported earnings per share of $10.96 ahead of LSEG consensus estimates of $10.84 per share. Analysts see Broadcom as a beneficiary of increasing investments in AI. Bank of America analysts reiterated a buy rating and said they consider Broadcom a top AI pick because it is positioned to grow in custom AI chips and Ethernet networking. They also said Broadcom can upsell VMware to enterprise customers deploying AI.
Persons: Goldman Sachs, — CNBC's Michael Bloom Organizations: Broadcom, Nvidia, . Bank of America, VMware, Bank of America
CNN —Senate Republicans voted Thursday to block a bill put forward by Democrats that would guarantee access to in vitro fertilization nationwide. They want to get rid of IVF, they’re afraid to say it.”Biden attacked Senate Republicans after the vote. “And just last week, Senate Republicans blocked nationwide protections for birth control. Last week, Senate Republicans voted to block a Democrat-led bill that would guarantee access to contraception. Cruz and Britt attempted to pass their IVF legislation on the Senate floor Wednesday through a unanimous consent request, but Democrats blocked the effort.
Persons: Republican Sen, John Cornyn of, Roe, Wade, Chuck Schumer, MAGA, Dobbs, ” Schumer, CNN’s Erin Burnett, ” Biden, , Democratic Sens, Patty Murray, Tammy Duckworth of, Cory Booker of, Lisa Murkowski, Susan Collins of, Katie Britt, Alabama, Ted Cruz of, Joni Ernst of, Cruz, Britt, Murray, CNN’s Kaanita Iyer, Sam Fossum, Morgan Rimmer Organizations: CNN, Democrat, Republican, Republicans, Democratic, Tammy Duckworth of Illinois, Southern Baptist, Joni Ernst of Iowa, GOP Locations: John Cornyn of Texas, Washington, Cory Booker of New Jersey, Alaska, Susan Collins of Maine, Ted Cruz of Texas
The Fisker Ocean electric sports utility vehicle (SUV) during AutoMobility LA ahead of the Los Angeles Auto Show in Los Angeles, California, U.S., on Wednesday, Nov. 17, 2021. Electric vehicle startup Fisker announced on Wednesday that it is recalling thousands of Ocean SUVs in North America and Europe due to issues with vehicle software and will roll out an over-the-air software update. The company recalled 11,201 Oceans across the U.S., Canada, and Europe due to safety issues. The company said the vehicles do not currently comply with federal vehicle safety standards related to gauges and telltale icons in the cluster display. The company said it informed its dealers of the recalls on May 30 and will notify owners by June 30.
Persons: Fisker, Fisker's Organizations: Los Angeles Auto, Electric, Motor Control Unit, Vehicle Control Unit, Fisker, Reuters, New York Stock Exchange Locations: Los Angeles , California, U.S, North America, Europe, Canada
The goal for Hamas is to survive, these sources say — that would be victory for the group. Sinwar likely believes Hamas can hold out while Israel’s global standing deteriorates as the war in Gaza, which has killed thousands of civilians, continues. For US negotiators pursuing a ceasefire deal between Hamas and Israel, it’s a discouraging assessment. Both Sinwar and Hamas’ top military official, Mohammed Deif, are still alive. He was elected to Hamas’ main decision-making body, the Politburo, in 2017 as the political leader of Hamas in Gaza.
Persons: Yahya Sinwar, he’s, it’s, Antony Blinken, Blinken, Sinwar, ” Blinken, ” Sinwar, , John Kirby, Mohammed Deif, , Organizations: CNN, Biden, Street, National Security, , Hamas, European Council, Foreign Relations Locations: Gaza, Israel, Tel Aviv, Gulf, Qatar
CNN —US intelligence has learned of discussions between Houthis in Yemen to provide weapons to the Somali militant group al-Shabaab, in what three American officials described to CNN as a worrying development that threatens to further destabilize an already violent region. The Houthis are Zaydi Shiites, and al-Shabaab traditionally has been deeply ideologically opposed to Shiism. “Being able to sell some weapons would bring them much needed income,” the senior administration official said. But a weapons agreement between al-Shabaab and the Houthis would be something new, according to US officials. No matter what the Houthis provide, there’s likely limited opportunity for al-Shabaab to fire directly at US assets in the region.
Persons: ” It’s, Aden —, , Christopher Anzalone, , Anzalone, ” Anzalone, Biden, “ Don’t Organizations: CNN, Marine Corps, East Studies, , Somali, ISIS, US Locations: Houthis, Yemen, Somali, Shabaab, Somalia, Iran, al, Aden, United States, Gaza, Saudi Arabia, Tehran, Israel
Krispy Kreme to offer four new Doughnut Dot flavors
  + stars: | 2024-06-10 | by ( Katie Bartlett | ) www.cnbc.com   time to read: +1 min
Original Glazed doughnut holes are offered for sale at a Krispy Kreme store in Chicago on May 5, 2021. Krispy Kreme is adding new flavors of Doughnut Dots to their menu, the company announced Monday. Four new types of doughnut holes — powdered, sprinkled, cinnamon and cookie crumb — will join the Original Glazed Doughnut Dots as permanent offerings on the Krispy Kreme menu. With an expanded Doughnut Dot lineup, Krispy Kreme raises the competition with Dunkin', which says it sells more than 800 million Munchkin doughnut holes annually. For a limited time, Krispy Kreme customers will receive a 10-count cup of assorted Doughnut Dots or Original Glazed Doughnut Dots for $1 when they purchase any dozen doughnuts.
Persons: Krispy, crumb, Krispy Kreme, Dunkin, Josh Charlesworth Organizations: CNBC Locations: Chicago, McDonald's
Preregistration has opened for Zynga's new "Game of Thrones"-themed mobile game, the company announced Monday. Zynga, a wholly owned publishing label of Take-Two Interactive , released a trailer and opened preregistration on the App Store and Google Play for their new mobile puzzle role-playing game "Game of Thrones: Legends." The game was licensed by Warner Bros. Interactive Entertainment on behalf of HBO to incorporate content and characters from "Game of Thrones" and its prequel series "House of Dragons." Zynga Executive Vice President Yaron Leyvand said the game "combines skill-based play with the unrivaled depth and lore of the 'Game of Thrones' universe." Players can build teams, go on missions and face off with "Game of Thrones" enemies.
Persons: Preregistration, Yaron Leyvand Organizations: Zynga, Warner Bros, Interactive Entertainment, HBO
Auto insurers have asked hesitant customers to allow them to track their driving. The companies have found a way around that resistance by relying on driving data from other apps. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementAuto insurers have spent years appealing to customers to allow them to track their driving. While many surveillance-wary customers have declined, insurers found a loophole: Monitor driving using quiet deals with other apps.
Persons: Organizations: Auto, Service, Business
Rep. Jennifer Wexton became the first to use a text-to-voice app for a speech on the House floor. Wexton has a disease referred to as "Parkinson's on steroids." download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementAn early-career Virginia Democrat is leaving office following her diagnosis with a disease known as "Parkinson's on steroids," but she's breaking new ground on her way out of the Capitol. This story is available exclusively to Business Insider subscribers.
Persons: Jennifer Wexton, Organizations: Service, Virginia Democrat, Capitol ., Republican, Parkinson's, Business Locations: Wexton, Virginia, Virginia's, Congress
One Long Island school installed vape detectors in its middle school bathrooms to stop them. The devices detect THC and nicotine in the air and even alert administrators. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementSchools are cracking down on students using weed vapes and e-cigarettes during the school day. Now, one Long Island school went as far as installing vape detectors in its bathrooms to sniff out nicotine and THC, CBS News reported.
Persons: , hasn't Organizations: Service, CBS News, Business Locations: New York
Read previewSome might say a universal basic income is wishful thinking, but one study suggests it could have staggering impacts on the global economy. Basic income pilots gained popularity after the COVID-19 pandemic, which caused record-high unemployment — nearly 15% — in the United States in early 2020. A universal basic income program, or UBI, would provide regular cash payments to everyone. South Africa is on track to be the first country to adopt a universal basic income. "In theory, it is a beautiful idea to use basic income to help people, sustain nature, and boost the economy.
Persons: , Rashid Sumaila, Sumaila Organizations: Service, Business, University of British Locations: United States, University of British Columbia, America, Iowa, South Africa
Gaza's unemployment is nearing 80%. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Unemployment in Gaza is nearing 80%. This story is available exclusively to Business Insider subscribers.
Persons: , Gilbert Houngbo Organizations: Service, United Nations, International Labor Conference, UN, Business Locations: Gaza, Unemployment, Geneva
Read previewThe Senate failed on Wednesday to advance a bill designed to protect access to contraceptives nationwide. Just two Republican senators — Susan Collins of Maine and Lisa Murkowski of Alaska — voted with Democrats to advance the bill. Advertisement"Do people really think that even a significant minority of the Republican conference is against access to contraception?" AdvertisementBut still — if Republicans aren't against contraception, why won't they just vote for the bill? Glenn Youngkin of Virginia vetoed a bill to protect access to contraception, arguing that it violated principles of religious freedom.
Persons: , — Susan Collins of, Lisa Murkowski, Alaska —, Chuck Schumer, Republican Sen, Thom Tillis, — Schumer, it's, Tillis, Griswold, Roe, Wade, Clarence Thomas, They've, James Lankford, Lankford, Sen, Rick Scott of, Glenn Youngkin, John Barrasso of, John Barrasso of Wyoming Marsha Blackburn of Tennessee John Boozman, Arkansas Ted Budd of, Carolina Shelley Moore Capito, West Virginia Bill Cassidy, Louisiana John Cornyn, Texas Tom Cotton, Arkansas Kevin Cramer of, Arkansas Kevin Cramer of North Dakota Mike Crapo, Idaho Ted Cruz of, Idaho Ted Cruz of Texas Steve Daines, Montana Joni Ernst, Iowa Deb Fischer, Nebraska Chuck Grassley, Josh Hawley, Missouri John Hoeven of, Missouri John Hoeven of North Dakota Cindy Hyde, Smith, Mississippi Ron Johnson, Wisconsin James Lankford, Oklahoma Mike Lee, Utah Cynthia Lummis, Wyoming Roger Marshall of Kansas Mitch McConnell, Kentucky Markwayne Mullin, Oklahoma Rand Paul of Kentucky Pete Ricketts, Nebraska Jim Risch, Idaho Mike Rounds, South Dakota Marco Rubio, Eric Schmitt, Missouri Rick Scott, Florida Tim Scott of, Florida Tim Scott of South Carolina John Thune of, Florida Tim Scott of South Carolina John Thune of South Dakota Thoms Tillis, North Carolina Tommy Tuberville, Alabama Roger Wicker, Mississippi Todd Young, Mike Braun, Indiana Katie Britt, Alabama Lindsey Graham of, Alabama Lindsey Graham of South Carolina Bill Hagerty, Tennessee John Kennedy, Louisiana Jerry Moran of, Louisiana Jerry Moran of Kansas Mitt Romney, Utah Dan Sullivan, Alaska JD Vance, Ted Budd Organizations: Service, Nine Republicans, Democratic, Republican, Business, Republicans, GOP, Oklahoma Republican, Democrats, Republican Gov, Arkansas Kevin Cramer of North, Nebraska, Kentucky, Oklahoma, South, Florida Tim Scott of South Carolina John Thune of South Dakota, North, Alabama Lindsey Graham of South Locations: — Susan Collins of Maine, Alaska, North Carolina, . Connecticut, James Lankford of Oklahoma, Oklahoma, Rick Scott of Florida, Virginia, John Barrasso of Wyoming, Arkansas, West, Louisiana, Texas, Arkansas Kevin Cramer of North Dakota, Idaho, Idaho Ted Cruz of Texas, Montana, Missouri, Missouri John Hoeven of North Dakota, Mississippi, Wisconsin, Utah, Wyoming, Nebraska, South Dakota, Florida, Florida Tim Scott of South Carolina, Florida Tim Scott of South Carolina John Thune of South, Alabama, Indiana, Alabama Lindsey Graham of South Carolina, Tennessee, Louisiana Jerry Moran of Kansas, Ohio
Western-trained pilots can teach Chinese military personnel everything from air combat tactics to how to land on an aircraft carrier, according to a US official. Former western pilots — which number at least in the dozens — are training Chinese military officials who then return to China and, in turn, train more pilots there, this person said. An indictment in 2017 alleged that Duggan trained Chinese pilots while he was still a US citizen, between November 2009 and November 2012. That same month, the UK Ministry of Defense issued a security alert after several of its military pilots were also found to have been training the PLA Air Force. Last August, two US Navy sailors were arrested for allegedly sending sensitive military information to Chinese intelligence officers.
Persons: , , Michael Casey, Sabrina Singh, Adm, John Aquilino, Charles Q, Brown —, , ” Brown, Daniel Duggan, Duggan, Matt Olson Organizations: CNN, Western, Wednesday, Liberation Army, National Counterintelligence and Security Center, PLA, Pentagon, National Intelligence, ” Military, Former, US, Pacific Command, PLA Navy, PLA Air Force, , Air Force, NATO, People’s Liberation Army, Air Chiefs, US Marine, UK Ministry of Defense, Australian, Export Control, US Army, People’s Locations: China, Beijing, Taiwan, Western, Canada, Australia, New Zealand, United States, South Africa, Singapore, Laos, Australian, People’s Republic
CNN —Senate Republicans voted Wednesday to block a bill put forward by Democrats that would guarantee access to contraception nationwide, as Democrats seek to highlight the issue in the run up to November’s elections. Lisa Murkowski and Susan Collins crossed over to vote with Democrats in favor of advancing the bill. Katie Britt and Ted Cruz introduced a bill called the IVF Protection Act in May, and Republican Sen. Joni Ernst has put forward a separate bill to promote access to contraception. “We will have an alternative that will make very clear that Republicans are for contraception,” Senate GOP Whip John Thune said. Ahead of the vote on the Democrat-led bill, Ernst attempted to pass her alternative contraception bill by unanimous consent, but the request was blocked by Democrats.
Persons: Lisa Murkowski, Susan Collins, Schumer, It’s, GOP Sen, John Cornyn, , Roe, Wade, , , Chuck Schumer, , , Illinois Democratic Sen, Tammy Duckworth, Katie Britt, Ted Cruz, Republican Sen, Joni Ernst, John Thune, Ernst, Democratic Sen, Patty Murray, Britt, Murray, Democratic Sens, Ed Markey, Mazie Hirono, Duckworth, CNN’s Brenda Goodman Organizations: CNN, Republicans, GOP, , Democratic, state’s, Illinois Democratic, Republican, Democrat, US Food and Drug Administration, Health, Education, Labor, Women’s Freedoms Locations: Texas, Alabama, implanting
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