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PHOENIX — Members of an Arizona tribe are trying to persuade a federal judge to extend a temporary ban on exploratory drilling for a lithium project near lands they have used for religious and cultural ceremonies for centuries. The case is among the latest legal fights pitting Native American tribes and environmentalists against President Joe Biden’s administration as green energy projects encroach on lands that are culturally significant. The springs have served as a place of healing and prayer for generations, the tribe has said in court filings. Federal land managers also are expected to issue a draft environmental review of a lithium mine planned by Australian company Ioneer Ltd. between Reno and Las Vegas. Backers of Arizona Lithium’s project include the Navajo Transitional Energy Company, which announced its plans in 2022 to join with the Australian company and work as a contractor on the project.
Persons: Joe Biden’s, Thacker, Ha’Kamwe ’, , NTEC, Hualapai Organizations: PHOENIX, of Land Management, Arizona Lithium Ltd, Ioneer, Center for Biological Diversity, Mining, Historic Preservation, Environmental, Government, Navajo Transitional Energy Company Locations: Arizona, U.S, Phoenix, Las Vegas, Nevada, Oregon, Reno, Sandy, Colorado
Before Val Zapata built a seven-figure reselling business, she almost lost it all. "I got caught early in the game with like 50 pairs of fake Yeezys that I had to swallow," the 27-year-old entrepreneur told Business Insider. For the rest of the pairs, "I'm like, 'I don't want to run them all. About four weeks after the sale, the buyer attends Sneaker Con and learns that the slides are, in fact, not authentic. The $2,500 lesson reinforced the importance of trusting but verifying, especially if you're buying from a seller you've never worked with.
Persons: Val Zapata, Zapata, Sneaker Con, I'm Organizations: Service, Business, Sneaker Locations: Colombia
X owner Elon Musk, who has endorsed Trump, replied, "And no one is even trying to assassinate Biden/Kamala." Related stories"I don't think this is much more than just confirmation that X is not a place for brands. This year, advertisers slashed their X marketing budgets ahead of major events like the Super Bowl. Musk is still the richest person in the world, with a net worth of about $250 billion, per Bloomberg. AdvertisementSo X may suffer, but Musk will probably come out alright.
Persons: , Donald Trump, Elon Musk, Trump, Biden, Kamala, Tucker Carlson, Brian Morrissey, Digiday, Brendan Gahan, Musk, Musk's, Gahan, bode, Morrissey, he's, haven't, outrageousness, Eric Dezenhall Organizations: Service, Business, LinkedIn, Authority, Disney, Apple, Walmart, Cannes, Street Journal, Twitter, Bloomberg, Dezenhall Resources Locations: South Africa
As expected, the Fed has been coy about cuts, leaving markets torn between pricing in a 25- or 50-basis-point reduction. "In cycles where rate cuts were able to prolong economic expansion and keep corporate earnings on an upward trend, stocks performed quite well," Belski wrote in a mid-September note. AdvertisementWhile rate cuts aren't a cure-all, Belski is confident that the economic expansion will continue, which will keep this bull market on firm footing. "But with significantly strong trailing one-year performance headed into this initial rate cut, future gains are likely to be more muted relative to historical norms." Sectors poised to outperform as the Fed finally cuts ratesAfter outlining how US stocks broadly have fared following cuts in the last four decades, BMO shared relative sector performance before and after periods of rate declines.
Persons: , that's, Ohsung Kwon, Brian Belski, Belski Organizations: Service, Federal Reserve, Business, " Bank of America, BMO Capital Markets, Fed, BMO Locations: bankable, Montreal
You can opt-out at any time by visiting our Preferences page or by clicking "unsubscribe" at the bottom of the email. download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Still, though, I wanted to celebrate with friends and family. My family's trip to Namibia in 2019, booked with Namibia Tours and Safaris, cost $5,000, excluding flights. We found our restaurant tucked down a back street behind the Musée du Louvre, basking in the luminous evening light.
Persons: , waterslides, Emma Morrell, Coeur Organizations: Service, Business, Namibia Tours, Tuileries Locations: Africa, Namibia, Paris, France, Saint, Germain, En, Laye, Lights, Montmartre, Jardin, Europe
That marks a real GDP growth rate of 51.1% between 2010 and 2021, meaning an economic contribution that's 2.7 times that of the non-Hispanic population. Despite those large figures, some economists think that U.S. Latinas could be contributing more to GDP than the report's figure. A growing forceWhen it comes to labor force participation, Latinas are outpacing other groups, the BofA report showed. Conversely, the non-Latino labor force growth rate was negative that year, meaning that more people left the labor force than entered it. "Whereas all Latinos are a source of economic strength, Latinas are drivers of vitality that the economy needs."
Persons: Manolo, Jeffrey Greenberg, Jeff Greenberg, Belinda Román, Mónica, Pérez, Matthew Fienup, David Hayes, Bautista, , Latinas, Elise Gould, Andrew Lichtenstein Organizations: Miami, Universal, Getty, Bank of America, St, Mary's University, CNBC, Fayetteville State University, Latina, Center for Economic Research, California Lutheran University, Center, Latino Health, Culture, School of Medicine, UCLA, Drivers, Economic, EPI, Brooklyn Puerto Rico Day, Corbis Locations: Miami Beach , Florida, U.S, Florida, California , Texas, New York, Brooklyn, Bushwick, Brooklyn , New York
AdvertisementHere are some mistakes you may be making while photographing the moon and how to fix them, according to two professional astrophotographers. Mistake 1: Taking photos at the wrong timeJon Carmichael captured the moon during a lunar eclipse. The silver lining is you can get better detail because you're shooting through less atmosphere and the photos will be clearer. Taking photos closer to sunset gives you more lighting compared to later at night, which will make taking a cellphone picture easier. "If you're shooting in any kind of auto setting, then you're making the camera decide for you," Carmichael said.
Persons: , Jon Carmichael, astrophotographer Andrew McCarthy, McCarthy, " McCarthy, that's, astrophotographer Jon Carmichael, Carmichael, you'd, supermoons, there's what's, maria, Les Shu, AMAN ROCHMAN Organizations: Service, Business, . Portland Press Herald, Samsung, Android Locations: there's
Tom Cruise is no stranger to big Hollywood paydays, but his latest role came free of charge. We'll do the thing in LA with the Hollywood sign, he'll hand the thing off and he's done. Wasserman said Cruise "got more involved and engaged" as planning for the closing ceremony stunt got underway. Wasserman said Cruise was true to his word, arranging a jam-packed travel day in order to film everything that was needed. Then he helicoptered from Palmdale to the Hollywood sign, filmed from one until five, helicoptered to the Burbank airport and flew back to London at six o'clock."
Persons: Tom Cruise, Casey Wasserman, lister, he'd, Wasserman, Cruise, I'm, Simone Biles, Karen Bass Organizations: Hollywood, Paris Olympics, CNBC, Summit, Los, Stade de France, Los Angeles Locations: Los Angeles, LA, Los, London, Palmdale, Burbank
New York CNN —Sam’s Club said Tuesday it will raise pay to incentivize workers to stay with the company — and not jump ship to Costco. Sam’s Club, the membership club arm of Walmart, will increase its minimum wage to $16 starting in November from $15 an hour. To keep and grow its membership, Sam’s Club must meet a higher bar for customer service than retailers open to everyone. “The thing that we’re trying to do here is create good jobs that turn into great careers,” Sam’s Club CEO Chris Nicholas told CNN. Warehouse clubs have also boomed since the pandemic in 2020, and Sam’s Club, Costco and BJ’s Wholesale Club have added millions of new members.
Persons: , Chris Nicholas, , Daniel Schneider, Schneider, Sam’s, Sam’s Club’s, ” Nicholas Organizations: New, New York CNN — Sam’s, Costco, Sam’s, Walmart, Sam’s Club, ” Sam’s, CNN, , Harvard University, BJ’s Wholesale Locations: New York, United States
Some top investors prefer high portfolio concentration levels. While diversification protects against risks, concentration is a high-risk, high-reward proposition. Apple and Occidental Petroleum are among the stocks that some investors have at least 20% of their portfolios in. Go to newsletter preferences Thanks for signing up! AdvertisementSome of the best investors in the world find success through what others may view as a risky strategy: high portfolio concentration levels.
Persons: , Charlie Munger Organizations: Apple, Occidental Petroleum, Service, Business
Amazon's One Medical recently rolled out a new hybrid work approach. It was different from Amazon's mandate for corporate employees to be in the office five days a week. Go to newsletter preferences Thanks for signing up! download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementOne Medical may have been the first big exception to Amazon's strict new RTO mandate.
Persons: Organizations: Service, Medical, Business
download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Snapchat creators can now add user replies as stickers. "Creators go deeper on Snapchat, I think because the money's there," referencing how some influencers have made tens of thousands of dollars directly through the platform . AdvertisementNow, creators in this program can choose what engagement and demographic data they share with companies they want to work with. "I always tell creators that with Snap, you can be a big fish in a small pond."
Persons: , Brooke Berry, Alix Earle, Berry, Brooke Monk, Snap Berry, they're Organizations: Service, Business, YouTube, School
If you haven't picked up a subscription yet, you're in luck since you can get 50% off Paramount+ annual plans for a limited time only. Below, we've outlined the exact savings and highlighted what you'll get with each available Paramount+ plan. The Paramount+ Essential plan typically costs $8 a month, and the Paramount+ with Showtime tier usually costs $13 a month. This is the only place in the US where you'll be able to find total Champions League coverage. If you fancy some international soccer options, many of which are free, check out our extensive guide on how to watch Champions League live streams.
Persons: we've, you've, you'll Organizations: Business, Champions League, NFL, CBS, Paramount, Blue, Champions League soccer, Showtime, Paramount Pictures, UEFA Champions League, League
Loren Elliott | ReutersThe new Apple Watch Series 10 hits stores on Friday. The Apple Watch Series 10, as its name implies, marks the tenth year of the Apple Watch. It's already available for the Apple Watch Series 9. The Apple Watch Ultra and Ultra 2 are compelling in part because they offer up to 36 hours of battery life. Apple is reportedly working on blood glucose monitoring or blood pressure monitoring for the Apple Watch.
Persons: Loren Elliott, I've, there's, Tim Cook, Apple, It's Organizations: Reuters, Apple, Apple Watch, Drug Locations: Cupertino , California
During his tenure as CEO, Grove transformed the chip company into a giant of Silicon Valley that, during the 1990s, was as important to the PC market as Microsoft. Pat Gelsinger, who has led Intel as CEO since 2021, has enacted a sweeping set of new initiatives to turn the chip company around. Its Gaudi 3 AI chip, unveiled as a rival to offerings from Nvidia and AMD, is expected to generate just $500 million in sales this year. Meanwhile, Alvin Nguyen, senior analyst at Forrester, told Business Insider that this is a big public win for Intel. Gelsinger's second headline announcement was that the company is establishing Intel Foundry as a separate subsidiary within Intel, with its own new operating board and independent directors.
Persons: , Andrew Grove, he'd, Grove, Grove —, Pat Gelsinger, Gordon Moore, Gelsinger, HWA CHENG, Patrick Moorhead, Moorhead, Alvin Nguyen, Forrester, Gelsinger's, It's, Forrester's Nguyen, Bernstein Organizations: Service, Microsoft, Intel, Business, Nvidia, Gaudi, AMD, Revenue, HWA, Getty, Amazon Web Services, Intel Foundry, Reuters Locations: Silicon, Japan, Moore's, AFP, Poland, Germany, Arizona , Oregon, New Mexico, Ohio
The S & P 500 touched a record high on Tuesday , bringing its year-to-date gain to more than 18%. The S & P 500 averaged a 5.5% gain in the first three months after an initial cut, 10.6% six months later and 11.3% one year out. On average, the broader index jumped 10.2% three months later, 14.7% six months out and 18.6% one year afterward. .SPX YTD mountain S & P 500, ytd Other investment banks have noted this discrepancy, with Bank of America Securities also highlighting the pattern in a recent note. The worst-performing sectors 12 months after a rate cut were materials, utilities and consumer discretionary.
Persons: Canaccord, Ohsung Kwon, Canaccord Genuity, — CNBC's Gabriel Cortes Organizations: Federal Reserve, Bank of America Securities
The median house price in the U.S. is now 5.8 times more than the median annual income of $80,000. That was, after all, the median price for a house in the area at the time. Jonathan OchartThe median price of a home in Los Angeles county is just under $960,000, according to Zillow listings data. It's just not a level playing field," says Ochart about the income now needed to afford a home. In Grand Rapids, median home prices were on the rise before the pandemic and then soared 54% from 2020 to $285,000 in June 2024, according to Zillow sales data.
Persons: Kelcie Lesko, Tim Khalil, Lesko, Khalil, they'll, Gen Xers, What's, — there's, they're, Daryl Fairweather, Kelly Diehr, homebuyers, you'd, Diehr, Jonathan Ochart, Ochart, It's, Timothy Ham, Timothy Ham couldn't, Ham, you've, That's, boomer, it's, Lawrence Yun, Millennials, Ramit Sethi, Rich, Brad Klontz, homebuying Organizations: CNBC, Homes, LA, National Association of Realtors, NAR Locations: New Jersey, Monmouth County, North Brunswick, Lesko, homeownership, U.S, Denver, Brazil, Los Angeles and New York, San Antonio, Los Angeles, Antonio, Texas, LA, Boise , Idaho, Tacoma , Washington, Grand Rapids , Michigan, Grand Rapids, Kalamazoo
Michael Dell is one of the world's wealthiest people, with a net worth of more than $100 billion. The Dell Technologies founder made his fortune by democratizing the PC and striking shrewd deals. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Go to newsletter preferences Thanks for signing up! AdvertisementMichael Dell, the tech entrepreneur who helped bring the personal computer to the masses, ranks among the world's wealthiest people with a net worth of $108 billion, per the Bloomberg Billionaires Index.
Persons: Michael Dell, , Dell Organizations: Dell Technologies, Service, Bloomberg, Fortune, Business
The Federal Reserve is set to cut interest rates Wednesday for the first time in four years, which should make the yields for dividend stocks even more attractive, lifting the group. Using the CNBC Pro Stock Screener tool, we searched for stocks with a dividend yield above 3% and a low debt-to-equity ratio under 60%. Click here to view the results on CNBC Pro's Stock Screener tool and to make your own screener. Coterra Energy and ConocoPhillips are other energy names with strong dividends and attractive returns, according to the CNBC Pro screener. Other strong dividend stocks from the screen include Truist Financial and phosphate and potash mining company Mosaic .
Persons: Morgan Stanley, Devin McDermott, McDermott, Bank of America Wamsi Mohan, Mohan Organizations: Federal, Exxon Mobil, ConocoPhillips —, CNBC, Stock, CNBC Pro's, Energy, Exxon, Chevron, Devon Energy, Coterra Energy, ConocoPhillips, CNBC Pro, Hewlett Packard Enterprise, Bank of America
New York CNN —The American economy appears to be just hours away from a major milestone: The first interest rate cut from the Federal Reserve since Covid. Yet there remains an unusual amount of drama over the magnitude of that rate cut, with some in Washington calling for a supersized move. Massachusetts Democratic Sen. Elizabeth Warren wants the Fed to slash interest rates at a pace rarely seen outside of a full-blown crisis. “It is clearly the time for the Fed to cut rates. For instance, in early 2008 the Fed slashed interest rates by three-quarters of a point or more on three occasions.
Persons: Massachusetts Democratic Sen, Elizabeth Warren, Jerome Powell, Warren, , ” Warren, Sheldon Whitehouse, John Hickenlooper, Powell, Bill Dudley, “ dawdling, Dudley, ” Dudley, panicking, David Kelly, ” Kelly, Organizations: New, New York CNN, Federal Reserve, Massachusetts Democratic, Sens, Wall, Fed, Federal Reserve Bank of New, CNN, Democrats, Asset Management Locations: New York, Washington, Massachusetts, Federal Reserve Bank of New York
Cramer's Lightning Round: 'Buy more' Pfizer
  + stars: | 2024-09-17 | by ( Julie Coleman | ) www.cnbc.com   time to read: +1 min
Stock Chart Icon Stock chart icon Pfizer's year-to-date stock performance. Stock Chart Icon Stock chart icon First Solar's year-to-date stock performance. Stock Chart Icon Stock chart icon Equity Residential's year-to-date stock performance. Stock Chart Icon Stock chart icon Moderna's year-to-date stock performance. Stock Chart Icon Stock chart icon Vertiv's year-to-date stock performance.
Persons: Powell Organizations: Pfizer, Equity, Powell Industries
Read previewThis as-told-to essay is based on a conversation with James Thompson, a 40-year-old strategic partner development manager at Google from London. In 2023, after over two decades of working in the tech and telecommunications industry, I landed a job at Google as a strategic partner manager. I never thought I'd be even considered for a role there because my tech career didn't begin with a traditional background. I dropped out of high school and polytechnicI dropped out of high school at age 17. AdvertisementI've been at Google for just over a year now and my experience has been amazing so far.
Persons: , James Thompson, It's, I'd, didn't, I've, I'm, it's, Jane Zhang Organizations: Service, Google, Business, Vodafone, Cisco, British Telecom, LinkedIn, Big Tech Locations: London, New Zealand
Kamala Harris just got one of her best polls of the year
  + stars: | 2024-09-17 | by ( Harry Enten | ) edition.cnn.com   time to read: +5 min
CNN —One of the best pollsters in America recently came out with its latest survey, and it’s good news for Kamala Harris. That result fell well short of the lead he had in preelection state polling. The fact that the Selzer poll is indicating a similar shift in Harris’ favor in Iowa makes me think the Wisconsin polls may be on to something. This Selzer poll could also be an outlier, and much could change between now and Election Day. The bottom line: You’d much rather have the Selzer poll in your corner than not.
Persons: Kamala Harris, Donald Trump, Sunday’s, Selzer, Harris, Trump, Joe Biden, Hillary Clinton, underestimating Trump, SSRS, Clinton, Harris ’, That’s, Selzer’s, , Biden Organizations: CNN, Des Moines Register, Selzer, Trump, Hawkeye, Iowa, Wisconsin –, Selzer’s, Badger State, Marquette University Law School, CBS, Badger, Wisconsin, Biden Locations: America, Iowa, Wisconsin, Marquette, Arizona, Georgia, Michigan, Nevada , North Carolina, Pennsylvania
Amazon is starting a "bureaucracy mailbox" for workers to report inefficiencies. Go to newsletter preferences Thanks for signing up! download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementSometimes, it takes a bit of bureaucracy to trim the bureaucracy. That's the hope, at least, of Amazon's new "bureaucracy mailbox" where workers can flag what CEO Andy Jassy described as "unnecessary and excessive process or rules."
Persons: Andy Jassy, Organizations: Amazon, Service, Business
Trump won the presidency in 2016 by stunning Democrat Hillary Clinton to win all three states by a combined margin of about 80,000 votes. But, as in other states, Democrats have been concerned about the risk of depressed turnout and some gains for Trump among Black voters in Philadelphia. Eight years later, the two states split again, when Roosevelt comfortably won Pennsylvania and Michigan narrowly went to Republican Wendell Willkie. This trio of states has arguably become the most consistent tipping point in American politics. In the nine elections since 1920 when they split their vote, the candidate who carried two of these three states won seven times.
Persons: Kamala Harris, Donald Trump –, Trump, Hillary Clinton, Joe Biden, Harris, Bob Shrum, Shrum, Tad Devine, , Biden, PRRI, William Frey, Tim Marema, don’t, Mason, Dixon, Barack Obama, Tony Evers, Gretchen Whitmer, Josh Shapiro, Republican Sen, Ron Johnson, Dane County, Ben Wikler, Pete Giangreco, , You’ve, That’s, Gene Ulm, Roe, Wade, Whitmer, Branden Snyder, It’s, Clinton, Dante Chinni, White, ” Chinni, they’ve, They’ve, Republican pollster Patrick Ruffini, Ruffini, “ I’m, ” Ruffini, Geoff Garin, Michael Dukakis, Republican George H.W, Republican George H.W . Bush, James Buchanan, John C, Franklin D, Roosevelt, Herbert Hoover, Republican Wendell Willkie, Gerald Ford, Jimmy Carter, Theodore Roosevelt’s, Al Gore, John Kerry, Republican Thomas Dewey, Hubert Humphrey, Garin Organizations: CNN, White House, Democratic, Michigan, Wisconsin, AdImpact, Trump, Center, University of Southern, , Republicans, Survey, Blacks, of Labor Statistics, Public Religion Research, Whites, GOP, Brookings Metro, for Rural, doesn’t, Keystone State, Republican, Center for Rural, Democrats, Biden, Black, White, Wisconsin , Michigan Democrats, Detroit, Electoral, American Communities Project, , Democrat, Pennsylvania, Republican Party Locations: Michigan, Wisconsin, Pennsylvania, Georgia, North Carolina , Arizona, Nevada, Flint , Michigan, University of Southern California, California , New York, Illinois, Texas, Florida, Ohio, . Michigan, Wisconsin’s, Milwaukee, Philadelphia, Detroit, Waukesha, Ozaukee, Washington, Madison, Dane, Dane County, Eau Claire, Appleton, La Crosse, Outagamie, Winnebago, Green Bay, Green, Chicago, Scranton, Wilkes, Barre, ” Michigan, “ Michigan, Gaza, Wisconsin , Michigan, United States, “ Pennsylvania, Ulm, Pittsburgh, Butler , Pennsylvania, Republican George H.W ., Fremont, North Carolina, Michigan , Pennsylvania,
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