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Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. Meanwhile, fellow Club stock Advanced Micro Devices fell 9.5% on Wednesday, the morning after it issued light guidance. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.
Persons: Jim Cramer, Brian Niccol, Jim, Eli Lilly, Lilly, Stocks, Jim Cramer's Organizations: CNBC, Microsoft, Starbucks, Meta, Google, Club, Nvidia, AMD, GE Healthcare, Reddit Locations: China
CNN —China has a new richest person – and it’s the entrepreneur behind the wildly popular, and controversial, app TikTok. Zhang Yiming, 41, co-founder of TikTok’s parent company ByteDance, topped the 2024 Hurun China Rich List, released Tuesday. His wealth reached $49.3 billion, as assessed by research, media and investment group Hurun Inc, which publishes the ranking of the country’s richest people. ByteDance also holds China’s popular news app Toutiao and Douyin, TikTok’s sister app in China. Billionaires on the declineOverall, the number of US-dollar billionaires in China shrank to 753, down 142 from the previous year.
Persons: Zhang Yiming, Zhang’s ascendency, Hurun, TikTok, it’s, , Zhang, Liang Rubo, ByteDance, Zhong Shanshan, Zhong, Ma, Rupert Hoogewerf, Organizations: CNN, Hurun Inc Locations: China, India, Britain, Canada, Australia, Beijing, Hong Kong, Macao, Taiwan
NEW YORK — A woman who owned a New York City day care center where a toddler died after ingesting fentanyl pleaded guilty to federal drug charges Tuesday. More than a year after the September 2023 death of 22-month-old Nicholas Dominici, Grei Mendez entered the guilty plea in Manhattan to charges including conspiracy to distribute narcotics resulting in death. Earlier this month, her husband, Felix Herrera-Garcia, was sentenced to 45 years in prison after pleading guilty to drug charges and causing bodily harm. Mendez said her husband encouraged her to open the day care center, and she believed he was doing it to help her. Three other children exposed to the fentanyl at the day care survived after medics administered the overdose-reversing drug Narcan.
Persons: Nicholas Dominici, Grei Mendez, Felix Herrera, Garcia, NBC New York Mendez, , Mendez, ” Mendez, Damian Williams, “ Grei Mendez, , didn’t Organizations: New, NYPD, NBC New York, Police, Prosecutors Locations: New York City, Manhattan, New York, Bronx
The Nasdaq Composite rose to a fresh record on Tuesday as investors readied for key corporate earnings releases, including reports from notable tech names. The tech-heavy Nasdaq advanced 0.78% to a record close of 18,712.75. Ahead of their earnings releases, shares of Meta jumped 2.6%, and Alphabet advanced 1.8% on Tuesday. This will mark the busiest week of the earnings season with more than 150 S&P 500 companies scheduled to have reported by Friday’s close. Notably, the blue-chip Dow broke a five-day losing streak, while the tech-heavy Nasdaq notched its eighth positive session of the last nine.
Persons: “ It’s, Sam Stovall, Friday’s, Jonathan Krinsky, , Dow Organizations: Nasdaq, Dow Jones, Microsoft, Apple, Meta, Research, Traders, Treasury, U.S
Chipotle reported adjusted earnings of 27 cents per share, exceeding expectations of 25 cents a share from analysts polled by LSEG. Alphabet posted earnings of $2.12 per share on revenue of $88.27 billion, while analysts polled by LSEG expected earnings of $1.85 per share on $86.30 billion in revenue. Visa — The global payments company beat earnings and revenue expectations for the fiscal fourth quarter, driving shares up about 1.5%. First Solar also missed Wall Street's expectations in the third quarter, posting earnings of $2.91 per share on revenue of $888 million. Analysts sought $3.14 per share in earnings and revenue of $1.08 billion, per LSEG.
Persons: Chipotle, LSEG, Qorvo, Reddit Organizations: LSEG . Revenue, Google, Visa, AMD
AMD shares are up about 20% so far in 2024, although rivals such as Nvidia and Broadcom have had much greater gains during the same period, driven by the increasing demand for AI chips. AMD is the second-largest vendor of data center graphics processing units, or GPUs, which are used to train and deploy large generative AI models. AMD's AI chips are reported in its data center segment, which more than doubled on an annual basis to $3.5 billion in total sales. Overall data center revenue was up 122% year over year. AMD's gross margin expanded to 54%, which the company said was because of higher data center revenue.
Persons: Lisa Su, Su Organizations: Devices, AMD, Nvidia, Broadcom, Microsoft, Windows, Sony PlayStation
The hackers also targeted prominent Democrats including the staff of Senate Majority Leader Chuck Schumer, another source briefed on the matter told CNN. There are no indications anyone was able to access data related to Jared Kushner or his devices, a person familiar with the matter told CNN. The Trump campaign is operating under the assumption that the hackers could still have access to the phone communications they targeted that belong to Trump and Vance, two of the sources said. Given how pervasive the Chinese hacking campaign has been in US telecom networks, some US allies are checking their own computer networks for signs of compromise. The ongoing Chinese hacking campaign means that the next administration — whether Trump or Harris wins — will likely inherit another major cybersecurity incident with big implications for national security.
Persons: Eric Trump’s, Jared Kushner’s, Donald Trump’s, Trump, JD Vance, Harris, Walz, Chuck Schumer, Eric Trump, Kushner, , , Eric’s, Lara, Ivanka Trump, Kamala, Biden, Jared Kushner, Vance, ” Sen, Mark Warner, , Joe Biden, Ted Barrett, Natasha Bertrand, Kaitlan Collins, Kristen Holmes Organizations: CNN, Republican, Democratic, FBI, The New York Times, AT, Verizon, Trump, Investigators, Justice Department, Department of Justice, Huawei, Republican National Committee, Embassy, US, Infrastructure Security Agency, Wall Street Journal, Washington Post, Department of Homeland Security, DHS, Virginia Democrat Locations: Beijing, China, Washington ,, People’s Republic of China, United Kingdom
Bottom line The main part of our AMD thesis — fast-growing sales of its MI300 AI chips — is still on track, so we view the post-earnings pullback as a buying opportunity. Given how integral these AI chips are to AMD's growth, we were pleased management on Tuesday night raised its full-year sales projections to exceeding $5 billion. Another factor: AMD's chips passed some performance milestones with customers, Su said. We believe Su's AI roadmap — outlined at its AI event earlier this month — will lead to significant sales growth in 2025 and thereafter. Quarterly commentary Sales in AMD's all-important data-center segment came in $3.55 billion, exceeding estimates and more than doubling year over year.
Persons: We're, Lisa Su, Su, couldn't pare, Jim Cramer, , Jim Cramer's, Jim Organizations: AMD, Nvidia, Intel, Club, Broadcom, ZT Systems, CNBC, Dell Technologies, Microsoft, Meta, Revenue, Visitors, Congress, Nurphoto, Getty Locations: AMD's, , Shanghai, China
California teacher Joelle Clark said phones are a distraction and policies on their use can be hard to enforce. AdvertisementThis as-told-to essay is based on a conversation with Joelle Clark, a 28-year-old public school teacher in California, about the state's new law requiring schools to develop a policy that limits smartphone usage by July 1, 2026. I'm a six-year teacher, and I teach special-ed high school students with mild to moderate learning disabilities. So, I moved out to California and I came into a school where students are constantly on their phones. Maybe we should have a class on phones to teach kids healthy habits and the danger of media.
Persons: Gavin Newsom, Bill, Joelle Clark, Clark, , I'm, They're Organizations: Service, Apple Locations: California, Chicago
“Make no mistake, an attack on a ballot box is an attack on our democracy and completely unacceptable,” Oregon Secretary of State LaVonne Griffin-Valade said Monday. All ballot boxes in Multnomah County and Clark County have fire suppressant installed, election officials said during a news conference Monday. Voting in Oregon and Washington is done almost entirely by mail or ballot drop off. Enhanced ballot box securityA damaged ballot drop box is displayed during a news conference at the Multnomah County Elections Division office on Monday in Portland, Oregon. Following the ballot box fires, Gluesenkamp Perez requested overnight law enforcement patrols at drop boxes through Election Day.
Persons: LaVonne Griffin, Valade, , Steve Hobbs, , Jenny Kane, Tim Scott, Greg Kimsey, Kimsey, Scott, ” Jay Riestenberg, John Burnside, ” Burnside, They’ve, Burnside, “ It’s, ” “, Mike Benner, Amanda McMillan, Jay Inslee, Jessica Vega Pederson, Tina Kotek, Inslee, Marie Gluesenkamp Perez, Gluesenkamp Perez, CNN’s Kaitlan Collins, I’m, ” Larry Olson, suppressants, ” Olson, CNN’s Nicole Chavez, Taylor Romine, David Williams, Natasha Chen Organizations: CNN, US Department of Homeland Security, Division, Portland Police, Portland Police Bureau, Vancouver Police Department, US Postal Service, . Portland Police, ” Police, Volvo, Oregon Department, Driver, Vehicle Services, Washington Gov, Congressional, Rep Locations: Pacific Northwest, Portland, Vancouver , Washington, Vancouver, Oregon, Washington, Multnomah, Portland , Oregon, Multnomah County, Clark, Clark County, In Oregon, Southeast Portland, Seattle, Washington’s, American, Oregon’s Multnomah County
However, on "Mad Money" following the release, Jim said Alphabet delivered an "unambiguously great quarter." Alphabet Why we own it : Alphabet's Google Search is an invaluable tool for advertisers. Revenue for the Google Search, YouTube ads, and Google Network line items totaled $65.85 billion. That was up more than 10% from the year-ago quarter, though it was a slower growth rate than in the second quarter. The company exited the quarter with $93.23 billion in cash, cash equivalents, and marketable securities on its balance sheet.
Persons: It's, Jim Cramer, Jim, it's, Sundar Pichai, We're, Waymo, Anat Ashkenazi, Pichai, Jim Cramer's, Justin Sullivan Organizations: Google, U.S, European, Justice Department, Big Tech, Nvidia, YouTube, Microsoft, Revenue, Google Services, Walmart, Dallas Fort, CNBC Locations: U.S, Dallas, Dallas Fort Worth, Mountain View , California
Alphabet to report Q3 earnings after the bell
  + stars: | 2024-10-29 | by ( Jennifer Elias | ) www.cnbc.com   time to read: +3 min
Google parent Alphabet is set to report its third-quarter earnings Tuesday after the market closes. During the quarter, the company also faced the advancement of several antitrust lawsuits related to its search and ads business. That would include Google's search position agreements with Apple's iPhone as well as Samsung devices. With the slow-moving legal process, the company is still likely years away from being forced to make any changes to businesses. In August, the company announced its new Android software update and its latest line of Pixel smartphones that utilize Google's Gemini AI assistant.
Persons: Sundar Pichai, Emily Chang, StreetAccount, Prabhakar Raghavan, Nick Fox, Demis Organizations: APEC, Summit, Moscone Center West, Google, TAC, DOJ, Samsung, Gemini Locations: San Francisco, U.S
Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. Shares of Stanley Black & Decker were pairing some of their post-earnings losses since the Morning Meeting was recorded — down about 9% now. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.
Persons: Jim Cramer, Stocks, Larry Fink, bode, Stanley Black, Decker, Jim, Danaher, Horton, Jim Cramer's Organizations: CNBC, Big Tech, Club, BlackRock, Home, VF Corp, Pfizer, AMD Locations: Riyadh, Saudi Arabia
John Herbert Sawchak, 54, was arrested in connection with allegedly shooting his neighbor, Davis Moturi, 34, in the neck on Oct. 23. The arrest came as police admitted they had failed Moturi by failing to prevent Sawchack's ongoing harassment, following a number of complaints. “But I will say this, we had no reason to suspect that he would shoot the neighbor from inside the house,” O’Hara added. O'Hara said that the shooting was caused by Moturi cutting a tree that had been planted by the suspect and his mother. He was charged last week in Hennepin County with attempted murder, first-degree assault and felony harassment and stalking, enhanced for racial bias in connection with the Moturi shooting.
Persons: John Herbert Sawchak, Davis Moturi, Sawchak, Brian O’Hara, ” O’Hara, O'Hara, Moturi, O’Hara, , , , Jacob Frey, Frey Organizations: Minneapolis Police, Minneapolis City, Members, Moturi Locations: Minneapolis, Hennepin County, O’Hara
Apple has been banned from selling the iPhone 16 in Indonesia. Apple's share of the Indonesian market has grown to around 10% in recent years. AdvertisementThe Indonesian government has blocked Apple from selling its latest iPhone 16 in the country because it does not meet local regulations. The ministry said 9,000 iPhone 16 products had already entered the country. Of the 235 million smartphones Apple sold globally last year, the company only sold about 3.4 million in Indonesia, the FT reported.
Persons: Apple hasn't, , Apple, Tim Cook, Joko Widodo Organizations: Apple, Service, Indonesia's Ministry of Industry, Ministry of Industry, Indonesian, Anadolu, Getty, Apple Intelligence Locations: Indonesia, Indonesian, China
Apple rolled out new Apple Intelligence features with iOS 18.1 on Monday. If you don't have a brand-new Apple device, you might still be able to take advantage of Apple Intelligence. You can also access Apple Intelligence features on the iPhone 15 Pro and iPhone 15 Pro Max. Users with an iPhone 15 Plus, iPhone 15, or any earlier version cannot access Apple Intelligence features. Those are the iPad Pro, iPad Air, and the iPad Mini.
Persons: , Siri, Max Organizations: Apple, Apple Intelligence, Service, Sequoia, iPad, MacBook, Mac
For now, analysts and investors are looking to Amazon's third-quarter earnings report Thursday night for more clarity. Amazon hopes that Kuiper could bring broadband connectivity to some 400 million to 500 million households that currently lack it. Bank of America, on the other hand, estimates around $3.5 billion in Kuiper spending next year. The Kuiper spending estimates might seem steep, but the analysts aren't telling investors to dump shares. The "ultra-compact" version of the Project Kuiper Amazon
Persons: Jeff Marks, Andy Jassy, Kuiper's, Marks, Kuiper, Evercore, BofA, Morgan Stanley, Morgan Stanley's, Starlink, Elon Musk's, EBITDA, Jim Cramer's, Jim Cramer, Jim Organizations: Amazon, Web Services, AWS, Wedbush Securities, Federal Communications Commission, FCC, Bank of America, FactSet, SpaceX, Viasat, CNBC Locations: Amazon's
Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. We would be surprised if CEO Lisa Su provided 2025 AI chip sales guidance. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.
Persons: Jim Cramer, Lisa Su, Raymond James, George Kurtz, Delta, Stanley Black, Decker, Hubbell, Jim Cramer's, Jim Organizations: CNBC, ., West Texas, AMD, Intel, Air Lines, Microsoft, Atlanta, Ford Motor, Cadence Design Systems, Corp, PayPal, Pfizer, Royal Caribbean Cruises, Jim Cramer's Charitable Locations: Israel, Corning
Former President Donald Trump reiterated his frustration with Taiwan over the weekend when he appeared on "The Joe Rogan Experience" podcast and accused Taiwan of stealing America's chip industry. Trump criticized the U.S. CHIPS Act and said he would implement tariffs on chips from Taiwan if elected president. Shares of Taiwan Semiconductor closed down 4.3% on Monday. The U.S. Commerce Department funds have yet to be allocated to Taiwan Semiconductor or other major semiconductor firms. "We put up billions of dollars for rich companies to come in and borrow the money and build chip companies here.
Persons: Donald Trump, Joe Rogan, Trump, Bernstein, Stacy Rasgon, Rasgon, CC Wei, shouldn't, They're, he'll, Patrick Moorhead, Kamala Harris, it's, Biden Organizations: Taiwan Semiconductor Manufacturing Company, Nvidia, Apple, Taiwan Semiconductor, Amazon, Google, Microsoft, UBS, Intel, Samsung, U.S, CNBC, U.S . Commerce Department, CC, Funds, Mizuho, Trump, Analysts, Citi, VanEck Semiconductor, Global, Texas, China, Micron Locations: Taiwan, U.S, China, Arizona
Philips cuts annual sales outlook as China demand deteriorates
  + stars: | 2024-10-28 | by ( ) www.cnbc.com   time to read: 1 min
Philips said on Monday that demand in China slumped significantly in recent months, forcing the Dutch medical devices maker to lower its sales outlook for the year. "In the (third) quarter, demand from hospitals and consumers in China further deteriorated, while we continue to see solid growth in other regions," Chief Executive Roy Jakobs said in a statement. "China remains a fundamentally attractive growth market for Philips in the long term, with market conditions expected to remain uncertain." Philips now expects its comparable sales to grow by only 0.5% to 1.5% in 2024, down from previous forecast of 3% to 5% which it said would still be met in other regions.
Persons: Philips, Roy Jakobs Organizations: Philips Locations: China
Apple’s AI features for iPhones will be available for free to users with any iPhone 16, iPhone 15 Pro and Pro Max, who update to iOS 18.1. Apple Intelligence is also available for iPad and Mac models that support iPadOS 18.1 and macOS Sequoia 15. The AI features rolling out with iOS 18.1The Apple Intelligence features rolling out Monday include improvements to writing and editing, Siri and the Photo app. “Some market participants are optimistic that Apple Intelligence could dramatically boost iPhone shipments soon,” Kuo said in the blog post. Following Apple's new product announcements, customers can pick up the new iPhone 16, 16 Plus, 16 Pro and 16 Pro Max, Apple Watch Series 10, AirPods 4, AirPods Pro 2 and AirPods Max from UK Apple Stores today.
Persons: Pro Max, Siri, Angelo Zino, Dan Ives, ” Ives, didn’t, Chi Kuo, Kuo, ” Kuo, Max, Peter Nicholls, , Wedbush’s Ives, CFRA Research’s Zino, ” Zino, Apple’s Organizations: CNN — Apple Intelligence, Apple Intelligence, Pro, Microsoft, Google, Apple, Developers Conference, Big Tech, Apple Apple, CFRA Research, CNN, Wedbush Securities, TF International Securities, Regent, AirPods, Apple Stores Locations: London, England
Traders work on the floor of the New York Stock Exchange during morning trading in New York City. Stock futures are muted Monday night as investors readied for employment data and closely followed corporate earnings releases. S&P 500 futures and Nasdaq 100 futures were also both little changed. Those moves come after a winning session on Wall Street for the three major indexes. Traders will keep an eye on earnings reports from major companies due on Tuesday as the busiest week of this earnings season continues.
Persons: Dow, Adam Crisafulli, McDonald's Organizations: New York Stock Exchange, Stock, Dow Jones Industrial, Nasdaq, Ford Motor, Corp, Traders, Pfizer Locations: New York City, Israel, Iran
Robinhood — The fintech stock rose less than 3% after it said Monday that users will have the chance to trade a Kamala Harris or Donald Trump contract ahead of next week's presidential election. ON Semiconductor — The semiconductor product maker rose 5% after third-quarter earnings and revenue topped analyst estimates. Nutanix — The cloud infrastructure stock rose 4% following an upgrade to overweight from equal weight at Morgan Stanley. Moderna — Shares jumped after Moderna and Merck said they initiated a phase 3 trial investigating a treatment for non-small cell lung cancer. Moderna shares advanced 3.9%, while Merck was slightly higher.
Persons: Wells, Steven Cahall, Kamala Harris, Donald Trump, Israel, FactSet, Eugene Hsiao, Wolfe, Roy Jakobs, Nutanix, Morgan Stanley, Meta Marshall, Merck, Timothy Wojs, Aaon, — CNBC's Sean Conlon, Michelle Fox, Alex Harring, Sarah Min, Pia Singh Organizations: Spotify, U.S . Occidental Petroleum, Exxon, BP —, Citi, McDonald's, Taiwan Semiconductor Manufacturing, Huawei, Reuters, The U.S, Delta Air Lines, CrowdStrike, Honeywell —, Philips —, , Moderna, Merck, Baird Locations: China, Atlanta
The Street is looking for Stanley Black & Decker sales of $3.8 billion in the third quarter and earnings per share (EPS) of $1.05. The Street is looking for Linde sales of $8.35 billion in the third quarter and EPS of $3.89. In addition to the headline results and forward guidance, overall organic sales growth and data center energy power demand will be focus items for investors. The Street is looking for sales of $94.47 billion in its fiscal fourth quarter and EPS of $1.55. The Street is looking for Coterra sales of $1.3 billion in the third quarter and EPS of 34 cents.
Persons: That's, It's, Stanley Black, Decker, we're, We're, Eli Lilly, Lilly, Amy Hood's, Brian Niccol, Wednesday's, Linde, it's, we'll, Phillips, Horton, Kraft Heinz, SIRI, Estee Lauder, BUD, Cardinal Health, Jim Cramer's, Jim Cramer, Jim, Stephanie Keith Organizations: Nasdaq, Dow, Fed, PCE, YouTube, Justice, AMD, GE Healthcare, Reality Labs, Microsoft, Management, Starbucks, U.S, Presidential, Linde, Apple Intelligence, Amazon, Services, Coterra Energy, WM, Cadence Design Systems, Labor, PayPal, BP, Pfizer, Royal Caribbean Cruises, JetBlue, HSBC, Devices, Grill, Electronic Arts, EA, Gross, Caterpillar, Brinker International, AFortive Corporation, Illinois Tool, Coinbase, eBay, EBAY, Booking Holdings, MGM Resorts, MGM, Bausch Health, LIN, Merck, ConocoPhillips, Mastercard, Altria, Cruise, Myers Squibb, Comcast, Mobileye, Cheniere Energy, Regeneron Pharmaceuticals, Anheuser, Busch InBev, Intel, United States Steel, Juniper Networks, Chevron, Exxon Mobil, Dominion Energy, Charter Communications, LyondellBasell Industries, Cardinal, Jim Cramer's Charitable, CNBC, New York Stock Exchange, Getty Locations: Eaton, Corning, Illinois, Bristol, New York City
Let us show you everything you need to know about where to watch a free Mexico F1 live stream wherever you are in the world. As also detailed in our season-long free F1 live stream guide, we can help you watch every race this season via similar options to today's. How to watch free Mexico F1 live streams with a VPNSign up for a VPN if you don't have one. How to watch Mexico F1 live stream in the USESPN is covering the remaining Formula 1 races this season, but ESPN+ and ABC also have a few, including this week's Mexico GP. Check price at FuboHow to watch Mexico F1 live stream in the UKWant a free option?
Persons: Lando Norris, Sainz, Perez, you'll, ExpressVPN, it's, FuboTV, There's Organizations: Business, RTL2, AWST, Mexico F1, Mexico, ESPN, ABC, DirecTV, MLB, NHL, NFL, UFC, Hulu, Disney Plus, ESPN Sling, DirecTV Stream, Sky Sports, Sky, Premier League Locations: Mexico, ORF1, Mexican, Austria, Belgium, Luxembourg, TV's
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