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Three years ago, JPMorgan Chase became the first bank with a branch in all 48 contiguous states. "We're still at very low single-digit branch share, and we know that in order for us to really optimize our investment in these communities, we need to be at a higher branch share," Roberts said in an interview with CNBC. Wells Fargo and Bank of America closed the highest net number of branches, while JPMorgan was the most active net opener. According to FDIC research collated by KBW, growth in bank branches peaked right before the financial crisis, in 2007. When it comes to prioritizing locations for new branches, Roberts said it's a "balance of art and science."
Persons: JPMorgan Chase, Jamie Dimon, Dimon's, Dimon, Jennifer Roberts, We're, Roberts, Wells, KBW, it's Organizations: JPMorgan, Chase Consumer Banking, CNBC, Midwest, P Global Market Intelligence, Bank of America Locations: Iowa, Minnesota , Nebraska , Missouri , Kansas, Arkansas, U.S, Wells Fargo
Jensen Huang sold $322.7 million of Nvidia shares in July. Last month's selling brings his total stock sales to nearly $500 million this summer. AdvertisementJensen Huang shed a record amount of Nvidia shares from his portfolio last month, bring his total stock sales to nearly $500 million this summer, putting the CEO of the chip titan ahead of a brutal global stock sell-off. According to filings with the Securities and Exchange Commission, Huang sold $322.7 million worth of his company's shares in July and has sold nearly $500 million in stock this summer. Huang has sold off $1.4 billion of company stock since 2020.
Persons: Jensen Huang, , Huang Organizations: Nvidia, Service, Securities and Exchange Commission, Bloomberg
Take it from Alex Ingrim, who's originally from Washington, but left the U.S. to study in France, where he met his now-wife, Louisa. Over the last 17 years, Ingrim, 36, has lived in France, Canada, the UK, Malta and now Italy. That's the minimum amount of time you'll need to start shopping and doing chores like you live there, Ingrim says. "If you go for two weeks, you're not really fully going grocery shopping," he says. "Try to understand the realistic budget for how you live," Ingrim says.
Persons: Alex Ingrim, who's, Louisa, He's, Chase Buchanan, Here's, del, Ingrim, Ingram Organizations: Chase Buchanan USA, CNBC Locations: Washington, U.S, France, Canada, Malta, Italy, Florence, Europe, del Sol, Spain, Cyprus
Brittney Griner, left, and Trevor Reed, were released from detention in Russia in 2022 and returned to the United States in separate prisoner exchanges. Getty ImagesAfter the dust settlesWhelan, Gershkovich and Kurmasheva headed to Brooke Army Medical Center for medical evaluations and additional care for as long as necessary, a US official told CNN. The non-profit supports detainees and hostages while they’re still held in captivity and after their release back to the US, Cathcart told CNN. Matthew Heath was released from being detained in Venezuela in a prisoner swap in October of 2022. Matthew HeathReturnees might return to a different family dynamic than what they were used to, according to Cathcart.
Persons: Evan Gershkovich, Paul Whelan, Alsu Kurmasheva, Joe Biden, Kamala Harris, Whelan, Gershkovich, Kurmasheva, Brittney Griner, Viktor Bout, Roger Carstens, , , Matthew Heath, he’s, ” Heath, Trevor Reed, Griner, Liz Cathcart, they’re, Cathcart, ” Cathcart, ” Readjusting, Jorge Toledo, CNN reintegrating, ” Toledo, CNN’s Pamela Brown, who’s, they’ve, It’s, ” Arianna Galligher, ” Griner, you’re, Heath, CNN’s Simone McCarthy, Anna Chernova, Nathan Hodge, Jennifer Hansler, Rosa Flores, Colin McCullough, Nouran Salahieh Organizations: CNN, Base Andrews, Wall Street, US State Department, Radio Free, Radio Liberty, Russian, Associated Press, Brooke Army Medical Center, Hostage, Citgo Corporation, The Ohio State University Wexner, Resilience, New York Times Magazine, Phoenix Mercury, Locations: Maryland, Russia, Russian American, Moscow, Prague, Radio Free Europe, San Antonio , Texas, Knoxville , Tennessee, Venezuela, United States, Heath, , Cathcart
The Palisades Nuclear Generating Station in Covert, Mich. John Madill | The Herald-Palladium | APThe Palisades Power Plant on the shores of Lake Michigan had become a piece of history, a relic of an era when nuclear energy was viewed as the future. The new technology, which could become the first of its kind on the U.S. grid, promises to speed deployment of nuclear plants in the future. The U.S. and a coalition of more than 20 other countries pledged in December to triple nuclear energy by 2050. But building new nuclear plants is slow and expensive. SMRs are viewed as an important path to expand nuclear power because they promise to reduce capital costs, a major hurdle to building new plants.
Persons: John Madill, Kelly Trice, Holtec, Gretchen Whitmer, Whitmer, Trice, Jennifer Granholm, Kristen Norman, Chris Womack, " Trice, We've Organizations: Herald, Palladium, Palisades Power, Holtec, Department of Energy, Nuclear Regulatory Commission, Michigan, Training, Bloomberg, Getty, Rystad Energy, Energy Information Administration, Southern Company, Big Tech, Holtec's SMR Locations: Covert, Mich, Lake Michigan, Covert , Michigan, Grand Rapids, U.S, Michigan, Palisades, Pennsylvania, Florida, Turkey
Read previewThe US job market has certainly seen better days. AdvertisementThose rate cuts will help pull the job market out of its slowdown — but likely not before the unemployment rate climbs higher, says Oliver Allen, a senior US economist at Pantheon Macroeconomics. And even then, it could take time for the effects of rate cuts to fully work their way across the job market, said Mark Hamrick, a senior economic analyst at Bankrate. AdvertisementSlowdown in the pipelineUntil rate cuts kick in, Allen thinks the joblessness rate has even more room to climb. AdvertisementForward-looking indicators of job market strength have also been flashing signs of incoming weakness.
Persons: , Oliver Allen, Allen, , Mark Hamrick, Hamrick, David Rosenberg Organizations: Service, Business, Pantheon, Challenger, Gray &, Federal, National Federation of Independent Business
Jan is the first person in Australia to be convicted of forced marriage since it was criminalized in 2013. Sakina Muhammad Jan was the first person convicted under Australia's forced marriage laws. Some of the measures borrow from forced-marriage laws in Britain, where hundreds of people take out protection orders each year to thwart an impending forced marriage. Other countries such as France, Canada and Germany also have specific laws against forced marriage. A month before Jan’s sentencing, the immigration minister circulated a directive specifically naming the crime of forced marriage as serious enough to warrant the removal of a visa.
Persons: Australia CNN — Ruqia Haidari, Sakina Muhammad Jan, Haidari, Jan, , , Fran Dalziel, Helena Hassani, Boland Parwaz, she’s, ” Helena Hassani, Haidari’s, Mohammad Ali Halimi, Ruqia Haidari, Facebook Halimi, , Halimi, he’d, ” Hassani, Wakil Kohsar, Jennifer Burn, Andrew Buckland, it’s, Dalziel, Hassani, It’s, “ I’m Organizations: Australia CNN, Victoria County Court, Australian Federal Police, University of Technology Sydney, UTS, AFP, Facebook, , Getty, Slavery, Refugee Convention, United Nations, Afghanistan Association Locations: Brisbane, Australia, Afghanistan, Pakistan, Shepparton, Victoria, Hazara, London, Perth, Western Australia, Baharak, Badakhshan province, AFP, Slavery Australia, Bangladesh, Indonesia, India, Britain, United Kingdom, France, Canada, Germany, Melbourne, Australian, Goulburn
That level of intensity in a short period of time necessitated a crew of hardened professionals, several sources with knowledge of Harris' strategy said. Next week, a major campaign swing, then the convention and then it’s the debate,” one person with knowledge of Harris’ strategy said. Mitch Stewart will act as a senior adviser on battleground states, and Palmieri will serve as senior adviser to the second gentleman. “In Wisconsin, we have had more online volunteer sign-ups since July 21st than between January 1st and July 20th,” a Harris campaign aide said. “That’s a game-changer to a ground game in a small state like Nevada,” Molly Forgey, a Nevada Democratic strategist, said.
Persons: Kamala Harris ’, David Plouffe, Barack Obama’s, Stephanie Cutter, Jennifer Palmieri —, Harris, Joe Biden’s, Mike Donilon, Steve Ricchetti, Obama, Mitch Stewart, Palmieri, Brian Fallon —, , Pete Giangreco, Biden, Trump, , Cutter, Jen O’Malley Dillon, Julie Rodriguez, “ Harris, Molly Forgey, Forgey, there’s, , Chris Korge, he's Organizations: Democratic, White, Trump, , Democratic National Committee, Democratic Congressional, Committee, , Nevada Democratic Locations: , Arizona, Nevada, Wisconsin, “ In Wisconsin, Philadelphia, ” In Nevada
The team has been under a cloud of suspicion since The New York Times reported in April that 23 swimmers tested positive for a banned heart drug before the 2021 Tokyo Games. The issue has also prompted a diplomatic spat between the U.S. on one side and China, the International Olympic Committee (IOC) and the World Anti-Doping Agency (WADA) on the other. "Chinese swimmers are clean and have never feared testing," the spokesperson said. Adam Pretty / Getty ImagesThe impact of testing aside, Chinese swimmers are also worried the situation could affect their once-friendly exchanges with foreign competitors. "No matter how much World Aquatics tried to mess with the Chinese athletes’ mindset before, they still broke the world record!"
Persons: Zhanle, Pan Zhanle, Jonathan Nackstrand, Catherine Ordway, Pan, Adam Pretty, China’s, Ordway, WADA, Witold Banka, Sen, Marsha Blackburn, Erriyon Knighton, commenter, Pan’s, I’m Organizations: Olympics, Paris Olympics, Getty, New York Times, Doping Agency, Paris Games, U.S, International Olympic Committee, NBC News, Aquatics, NBC, International Testing Agency, University of Canberra, FBI, Justice Department, White House, Times, The, ’ Commission, Olympic, Games Locations: HONG KONG, China, AFP, Paris, France, Russia, Sochi, U.S, Australian, Salt Lake City, Utah, United States, Weibo
In May, former President Donald Trump declared that he was the only person who could obtain the release of Wall Street Journal reporter Evan Gershkovich from a Russian prison. That’s the way it should be, or this situation will get worse and worse.”Facts First: Trump’s claim that he gave opposing countries “NOTHING” to secure the freedom of American prisoners is false. “The previous administration also conducted prisoner exchanges. It’s not easy.”FactCheck.org debunked this Trump claim about his record on securing the release of American prisoners abroad when he previously made it in 2022. Read more here about four prisoner exchanges under Trump.
Persons: Donald Trump, Evan Gershkovich, Joe Biden, Gershkovich, Trump, , Jake Sullivan, John Kirby, Whelan, Trevor Reed, Biden, , , You’ve, It’s, FactCheck.org, Read Organizations: Wall Street, Biden White House, National Security, CNN, Trump Locations: Russia
Why the stock market is going berserk today
  + stars: | 2024-08-02 | by ( Jennifer Sor | ) www.businessinsider.com   time to read: +4 min
The stock market is in shambles on Friday, with all three major indexes falling more than 2%. AdvertisementThe US stock market has plunged into chaos as investors digest a streak of negative economic data and disappointing mega-cap-tech earnings. Months ago, signs of a slowing economy would bolster expectations for Fed rate cuts, which are seen as rocket fuel for stocks. "Pressure will escalate on the Federal Reserve as market interest rates will continue the attempt to force their hand." She added: "A September rate cut is in the bag and the Fed will be hoping they haven't, once again, been too slow to act."
Persons: They're, , John Lynch, Seema Shah, Ryan Detrick, Carson Organizations: Amazon, Service, Investors, Intel, Comerica Wealth Management, Federal Reserve, Asset Management, York Fed Locations: New York
Google pulls AI ad for Olympics following backlash
  + stars: | 2024-08-02 | by ( Jennifer Elias | ) www.cnbc.com   time to read: +3 min
Google pulled an ad it showed during the Olympics which touted its AI chatbot Gemini writing a fan letter to an athlete. Google has pulled an Olympics ad for its chatbot Gemini from airwaves following backlash for the way it depicts a little girl using artificial intelligence to write a fan letter. Google launched Gemini, formerly known as Bard, last year following the surge in popularity of OpenAI's ChatGPT. Disclosure: CNBC parent NBCUniversal owns NBC Sports and NBC Olympics. NBC Olympics is the U.S. broadcast rights holder to all Summer and Winter Games through 2032.
Persons: Sydney McLaughlin, Bard, Sydney, Gemini, Shelly Palmer, Syracuse University's S.I, Mira Murati, Scarlett Johansson, OpenAI Organizations: Google, Gemini, CNBC, Syracuse University's, Newhouse School of Public Communications, Apple, NBCUniversal, NBC Sports, NBC Olympics, NBC, Games Locations: U.S
CNN —Miriam Butorin was supposed to attend Taylor Swift’s concert on Friday for her 13th birthday. Miriam’s mother, Russian-American journalist Alsu Kurmasheva, was released Thursday from Russian detention in a historic prisoner swap. When CNN spoke with Kurmasheva’s family in mid-July, her husband, Pavel Butorin, had mentioned the concert tickets. “We were so confident that she would get back to us that I bought Taylor Swift tickets…in June or July…for August 2024,” Butorin said at the time. Even though they are missing Friday’s concert, Butorin expressed confidence the family would still get to go to a Swift concert in the future.
Persons: CNN — Miriam Butorin, Taylor, Alsu Kurmasheva, Evan Gershkovich, Paul Whelan, Kurmasheva, Joe Biden, Miriam, Pavel Butorin, Bibi Butorin, Miriam Butorin, Manuel Balce Ceneta, Biden, Kamala Harris, Kurmasheva’s, Taylor Swift, ” Butorin, , , Butorin Organizations: CNN, Radio Free, Radio Liberty, White, Andrews Air Force Base, Base Andrews Locations: American, Radio Free Europe, Russia, United States, Maryland, Warsaw
Technical signals suggest downside is limitedThere isn't much evidence that poor-performing areas of the market, like small-cap stocks, have peaked, Newton said. Meanwhile, Treasury yields have fallen in recent months as traders anticipate Fed rate cuts, which is typically bullish for stocks, he added. Advertisement"Thus, looking to buy dips makes sense technically," he said, adding that small-cap stocks looked "certainly appealing" after their recent slide. Fed rate cuts will mark a turning point in the marketThat's because rate cuts are expected to ease borrowing costs across several sectors. Small-cap stocks are flashing bullish signalsThe Russell 2000 hit a 30-month high in July, something that's only happened nine times over the past 45 years.
Persons: Fundstrat's Tom Lee, Lee, , Tom Lee, who's, Mark Newton, Newton, I'm, Russell, That's Organizations: Tech, Service, Fed, Wall Street Locations: Wall
"I am super excited to return to Google and work as part of the Google DeepMind team," Shazeer said in a statement on Friday. I am confident that the funds from the non-exclusive Google licensing agreement together with the incredible Character.AI team positions Character.AI for continued success in the future." The move also comes amid a competitive talent and AI landscape, leading companies to form partnerships against a tough regulatory landscape that has placed scrutiny on mergers and acquisitions. Britain's competition watchdog said earlier this week it is looking into Google's partnership with AI startup Anthropic, for example. In March, Microsoft hired Mustafa Suleyman, a co-founder of AI startup DeepMind that Google acquired in 2014, and much of its staff to lead AI initiatives.
Persons: Noam Shazeer, Daniel De Freitas, Character.AI, Freitas, Axios, OpenAI's ChatGPT, Shazeer, We're, Noam, Mustafa Suleyman, Suleyman, Satya Nadella Organizations: Google, Character.AI, CNBC, Microsoft Locations: Character.AI
Cummins CEO Jennifer Rumsey goes one-on-one with Jim Cramer
  + stars: | 2024-08-01 | by ( Jim Cramer | ) www.cnbc.com   time to read: 1 min
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCummins CEO Jennifer Rumsey goes one-on-one with Jim CramerCummins Chair and CEO Jennifer Rumsey joins 'Mad Money' host Jim Cramer to talk quarterly results, investing in alternative fuel, generator offerings and more.
Persons: Jennifer Rumsey, Jim Cramer Cummins, Jim Cramer
In a Thursday interview with CNBC's Jim Cramer, Cummins CEO Jennifer Rumsey explained why hydrogen plays a role in the company's strategy. "We need hydrogen, hydrogen has to be a part of the answer," she said. "And the reason is, you've got renewable energy that we need to convert into some kind of fuel, transport, and have it available when we need it." Rumsey explained that hydrogen can provide a way to store renewable energy and transport it to where fuel is needed. "We're investing today in hydrogen engines, so we'll be able to burn hydrogen in these HELM engine platforms, and then also in fuel cells," Rumsey said.
Persons: CNBC's Jim Cramer, Cummins, Jennifer Rumsey, you've, Rumsey, we'll
A score between 580 to 669 is considered a fair credit score while a score under 580 is considered a poor credit score. Free credit score check servicesWhile many of these services do charge money, some of the best credit monitoring services are free, such as Capital One CreditWise or Credit Karma. As the base on which your credit score is calculated, credit reports don't actually include your credit scores. Checking credit score frequently asked questionsWill checking my credit score lower it? Your credit reports do not show when you check your credit score, so the credit scoring algorithms have no way of knowing if you checked your credit score.
Persons: Experian, FICO, you've, they're, VantageScore VantageScore, it's, Kendall Clayborne, Clayborne, Jennifer, Read Organizations: Fair, Consumers, Business, America, CBS, MSNBC, CNBC, Forbes, Black Enterprise, USA, The Johns Hopkins University Carey School of Business, Business Journalists Locations: AnnualCreditReport.com, Chevron, TheGrio, New York City
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWe're seeing a lot of growth in data centers, says Cummins CEO Jennifer RumseyCummins Chair and CEO Jennifer Rumsey joins 'Mad Money' host Jim Cramer to talk quarterly results, investing in alternative fuel, generator offerings and more.
Persons: Cummins, Jennifer Rumsey Cummins, Jennifer Rumsey, Jim Cramer
Wall Street careers are notoriously grueling and littered with politicking and jockeying to climb the ranks. AdvertisementNow, these six partners are looking back on their own rise, offering words of wisdom from their own Wall Street origin stories. At Goldman Sachs, the core of who we are in investment banking is M&A. Gene Sykes, cochairman of global M&A and global TMT:Gene Sykes Courtesy of Goldman SachsThe market for M&A advice has evolved over time. Are you a Goldman Sachs or Wall Street insider?
Persons: Goldman Sachs, Alison Mass, Stephan Feldgoise, Dan Dees, Hank Paulson, Tim Ingrassia, Alison, Goldman, Peter Weinberg, Gene Sykes, It's, Mark Sorrell, John Thornton, John Waldron, Karen Cook, Yoel Zaoui, Gregg Lemkau, it's, Jennifer Kopylov, Reed Alexander Organizations: Service, Wall, Partners, Business, US Treasury, Street, Goldman Locations: New York City, London, New York, Europe, American
High-performers and women aren't getting quality feedback in the workplace, and it could be driving them to quit. "As people are providing feedback for these high performers, they feel the need to provide more, but it is more often surface-level," Snyder tells CNBC Make It. Meanwhile, 30% of high performers leave their organization within their first year, according to Textio data. Women get more personality-based feedback and internalize negative reviewsThe Textio analysis also finds that there are gendered biases in what kind of feedback is delivered to men, women and nonbinary employees. Women and nonbinary employees were more likely to internalize negatively stereotyped feedback, such as being described as emotional, unlikable or difficult.
Persons: aren't, Kieran Snyder, Snyder Organizations: CNBC Locations: Textio
“Buy the bigger ice machines,” Phoenix Fire Captain Robert McDade tells emergency managers who call for advice from around the world. “Be willing to change what you’ve done.”An unhoused man finds little respite from the heat in the shade of a bus stop in Phoenix. Phoenix first responders are stocking body bags filled with ice to treat victims of heat stroke, bringing their core body temperature down on the way to the hospital. Julian Quinones/CNNFirst responders at Fire Station 61 are treating more victims of heat illness as temperatures soar in Phoenix. Every summer we learn, and we improve.”A heat respite center at Burton Barr Central Library just north of downtown Phoenix.
Persons: it’s, Coroners, , Robert McDade, Julian Quinones, CNN McDade, McDade, , ” McDade, John Prato, Kate Gallego, we’ve, ” Gallego, didn’t, Evelio Contreras, Katie Hobbs, Eugene Livar, Arizona’s, there’s, Jennifer Vanos, Vanos, MaRTy ”, CNN Evelio Contreras Organizations: CNN, Phoenix, Harvard, Phoenix City Council, Burton Barr Central Library, CNN Arizona, Arizona State’s School of Sustainability, Vanos Locations: Phoenix, Maricopa County, Chicago, Albuquerque, Arizona,
Biden also had multiple conversations about the deal with his German counterpart Olaf Scholz, including when the chancellor visited the Oval Office in February. Convicted Russian assassin Vadim Krasikov, who was jailed in Germany, was critical to getting Russian President Vladimir Putin to agree to a deal. Vladimir Putin, President of Russia, will do that for me, but not for anyone else, and WE WILL BE PAYING NOTHING!” Trump said. “Why didn’t he do it when he was president?” Biden said before turning to leave the room. A senior administration official defended the release of Krasikov as part of the deal.
Persons: Russia –, Joe Biden, Evan Gershkovich, Paul Whelan, Kamala Harris, Biden, Donald Trump’s, Harris, , ” Biden, ” Trump, , They’re, Olaf Scholz, Vadim Krasikov, Vladimir Putin, Putin, Ohio Sen, JD Vance, CNN’s Steve Contorno, Trump, Gershkovich, Whelan, Scholz, Krasikov, Paul, Evan, Alsu, Vladimir, Vladimir Kara, Murza, Alsu Kurmasheva, CNN’s MJ Lee, Jennifer Hansler, Kylie Atwood, Ivana Kottasova, Alex Marquardt, Betsy Klein, Donald Judd, Sam Fossum, Steve Contorno, Kit Maher, Jeff Zeleny Organizations: CNN, Russia, Wall Street, NATO, Slovenian, HOME, WE, White, Munich, Conference, Locations: United States of America, Russia, Israel, Ukraine, Germany, Ohio, Berlin, American, Russian
Edward Berthelot/Getty ImagesFishnet flats are everywhereThe phrase "fishnet flats" might bring to mind an image from the early 2000s: backless, mesh flats with floral embellishments that you could find at the dollar store. Related storiesReformation's website offers $268 mesh flats, The Row sells $890 jelly versions, and Bottega Veneta designed $1,250 fishnet shoes lined with leather. AdvertisementThe Row, for example, has sold out of fishnet flats on its website and across multiple luxury shopping platforms like Fwrd. Brands like Alaïa have heavily marketed fishnet shoes in recent weeks, and searching "fishnet flats" and "mesh flats" on TikTok results in dozens of videos — ranging from reviews to styling tips — with thousands of views each. On websites like Reddit, some fashion fans have argued that fishnet flats, in particular, are unappealing and unhygienic.
Persons: , Edward Berthelot, Alaïa, Sofia Richie, Anne Hathaway, Jennifer Lawrence, Divita, Roni Brunn, Brunn, Mara, Loewe, Jeremy Moeller, whatever's Organizations: Service, Business, Alaïa's, Bottega, Brands Locations: Alaïa, Bottega Veneta
CNN —Regular aspirin use may keep the oncologist away, at least when it comes to colorectal cancer, according to a new study, and people with unhealthy lifestyles seemed to see the greatest benefit. Colorectal cancer is the second most common cause of cancer death worldwide, predicted to cause more than 52,500 deaths in the US alone in 2023. The use of two or more regular-strength aspirin or six or more low-dose aspirin per week was considered regular aspirin use for the purpose of this research. Those regular users were found to have an 18% lower risk of developing colorectal cancer than non-users. They argue that doctors should weigh different lifestyle risk factors when they determine whether someone should take regular aspirin to prevent colorectal cancer.
Persons: it’s, Christina Annunziata, , Annunziata, Raymond DuBois, Dr, Sanjay Gupta, DuBois, , Jennifer Davids, shouldn’t, Davids, wasn’t Organizations: CNN, US Preventive Services Task Force, JAMA Oncology, Health, BMI, American Cancer Society, American Association for Cancer Research, CNN Health, Hollings Cancer, Medical University of South, Boston Medical Center Locations: Charleston, Medical University of South Carolina
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