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Wildfires that have burned dozens of mountain homes near Los Angeles slowed on Thursday with cooler temperatures but authorities warned the blazes still threatened suburbs. Driven by triple-digit heat, gusting winds and tinder-dry vegetation, the three fires burned at speeds firefighters have never witnessed, scorching over 110,000 acres — an area twice the size of Seattle. The Bridge Fire, California’s largest current wildfire, swept through communities in the San Gabriel Mountains less than 40 miles (65 km) northeast of central Los Angeles, where people priced out of the city have built homes. The 51,000-acre blaze destroyed over 40 houses and cabins in Mount Baldy and Wrightwood as well as damaging lifts at the Mountain High ski area, authorities said. Fire growth eased as the high for Los Angeles fell to 81F, a cooling trend expected to last through the weekend.
Persons: Wrightwood Organizations: Los Locations: Los Angeles, Seattle, San Gabriel, Mount Baldy
CNN —Caitlin Clark added another milestone to her historic rookie campaign, breaking the WNBA single-season assists record in the Indiana Fever’s 78-74 loss to the Las Vegas Aces on Friday night at Gainbridge Fieldhouse. Clark entered the game needing just four assists to match the previous record of 316 set by Connecticut Sun guard Alyssa Thomas in 2023. Clark finished the game with 18 points, 9 assists and eight rebounds, while Mitchell led Indiana with 20 points in the loss. Caitlin Clark of the Indiana Fever celebrates a basket during the second half of a game against the Las Vegas Aces. After the game, Clark was asked about her record-setting night, as well as Wilson’s and Chicago Sky rookie Angel Reese’s milestones this season.
Persons: Caitlin Clark, Clark, Alyssa Thomas, Kelsey Mitchell, Mitchell, Emilee Chinn, Damiris Dantas, Chelsea Gray, A’ja Wilson, Gray, Angel, ” Clark, , Organizations: CNN, Indiana, Las Vegas Aces, Connecticut Sun, Dallas Wings, Getty Images Indiana, Aces, Boston, Chicago Sky, Dallas, Washington Mystics Locations: Gainbridge, Indiana
A firefighter puts out a hot spot in a home near Lake Elsinore, Calif. on Sept. 11, 2024. The three blazes are:A house in flames as the Airport Fire burns in Lake Elsinore, Calif., on Sept. 10, 2024. Apu Gomes / Getty ImagesThe Airport Fire in Orange County, which has burned more than 35 square miles. Several homes burned in El Cariso Village. The Line Fire in the San Bernardino National Forest, which was 18% contained Wednesday and had charred 57 square miles.
Persons: Zoe Meyers, Erin Arias, , ” Arias, “ We’re, Daniel Swain, , Apu Gomes, Steve Concialdi Organizations: — Firefighters, Getty, UCLA, San Bernardino National Forest, Authorities Locations: Calif, Los, . California, Southern California, Lake Elsinore, AFP, Wrightwood, Los Angeles, Orange County, Orange, El Cariso, Highland
Some Donald Trump allies expressed concern over his debate performance. And Taylor Swift and Chappell Roan win big at the MTV VMAs. SpaceX / PolarisFour private citizens orbiting Earth in a SpaceX capsule are attempting to make history by completing the world’s first all-civilian spacewalk. During the outing, Isaacman and Gillis are expected to exit the SpaceX Crew Dragon capsule on a tether. Trump’s conspiracy-laced debate performance prompts concernsFormer President Donald Trump declared Tuesday’s debate against Vice President Kamala Harris a win, but not all his allies see it that way.
Persons: Donald Trump, Taylor Swift, Chappell Roan, Francine drenches, Francine, Jared Isaacman, Scott “ Kidd ” Poteet, Sarah Gillis, Anna Menon, Isaacman, Gillis, Kamala Harris, Harris ’, Trump, David Ingram, Matt Dixon, , Megan Thee, Britney Spears, hird, ong, Joh, els, ord Organizations: MTV, Angeles National Forest, SpaceX, Polaris, Air Force, Tech, Republican, Senior, Trump, Megan Thee Stallion, Doha Madani Locations: Louisiana, Southern California, Francine drenches Gulf, New Orleans, Alabama, Florida, California, San Bernardino County, Orange County, ord
Bank of America upgraded Johnson Controls to 'Buy' for its exposure to AI data centers. AdvertisementJohnson Controls is the stock to buy for safe exposure to the AI boom, according to a note this week from Bank of America. That is more than triple the data center exposure its closest competitors have, including Trane Technologies and Carrier. AdvertisementAs for a potential catalyst for Johnson Controls, aside from its data center exposure, Bank of America highlighted its ongoing search for a new CEO. Advertisement"JCI hypothetically re-rating fully in line with the average of these HVAC peers would imply a 57% higher valuation," Obin said.
Persons: , Johnson, Andrew Obin, Obin Organizations: of America, Johnson, Bank of America, Service, JCI, Trane Technologies, Johnson Controls Locations: chillers
The blaze expanded from Los Angeles County into San Bernardino County, and as of Tuesday evening was 0% contained. “Tragically, homes have been lost,” San Bernardino County’s government said on Facebook late Tuesday, as the county proclaimed an emergency due to the blaze. Video by the San Bernardino County Fire Department showed firefighters and deputies performing rescue evacuations in Wrightwood on Tuesday evening as flames consumed brush and trees. Justin Wayne Halstenberg, 34, from Norco, allegedly started the fire in the area of Baseline Road and Alpin Street in the city of Highland on Sept. 5, the San Bernardino County Sheriff's Office said. The Line fire burns through in San Bernardino National Forest, Calif., on Sept. 10, 2024.
Persons: San Bernardino County’s, Justin Wayne Halstenberg, Gavin Newsom, Gina Ferazzi, Paul Holaday, we’re, Brian Fennessey, David Swanson, Newsom's, Davis Organizations: Angeles National Forest, California Department of Forestry, Fire, Facebook, San, San Bernardino County Fire Department, Mount, National Weather Service, San Bernardino National Forest, San Bernardino County Sheriff's, Central Detention, Home, National Guard, Los Angeles Times, Getty Images, Orange County Fire Authority, Trabuco Flyers, RC, Getty, U.S . Forest Service of Humboldt, Sierra Locations: Southern California, Los Angeles County, San Bernardino County, San Bernardino, Wrightwood, San Antonio, East Fork, California, Los Angeles, Norco, Highland, Big, Running, Lake, Forrest Falls, San, Calif, Orange County, Orange, El Cariso, Lake Elsinore, AFP, Nevada, U.S, Davis, Reno
Australian property listing firm REA Group said on Wednesday that Britain's largest real estate portal Rightmove had rejected its 5.6 billion pounds ($7.32 billion) cash-and-stock takeover offer. REA shares dropped 1.25% in early trade on Wednesday. The offer consisted of 305 pence in cash and 0.0381 new REA shares and was non-binding and subject to due diligence. REA said had a deal been completed, Rightmove shareholders would have owned about 18.6% of the combined group. The cash component of the deal was due to be funded by debt and existing cash, REA said.
Persons: REA, Rightmove, Entcho Raykovski, Raykovski Organizations: Rupert Murdoch's News Corp, Reuters, Jefferies, Australian, REA Locations: London
Read previewThis as-told-to essay is based on an interview with Karen Osman, a 45-year-old author based in New York City. We knew we'd have more stability if we moved to New York City. Three months later, we were living in New York City. Apartments in New York City are more expensive than in Dubai. New York City is a writer's paradise.
Persons: , Karen Osman, it'd, we've, I've Organizations: Service, UAE, Business, Facebook, Social, New, American Museum of, Dubai Locations: New York City, Dubai, We'd, Dubai Marina, New York, UAE, London, Central, Europe
I was studying for my undergraduate degree at the University of California, Santa Cruz, and paying $1,300 a month to share a two-bedroom apartment with three other students. The cost of my education aside, studying in Belgium and getting my degree there has been better than I could've imagined. Fortunately, I live just a 10-minute walk from the city center in my student housing, a four-bedroom apartment I share with three roommates. I save a lot of money on my healthcare, tooLeuven is meant to be a walkable city. AdvertisementI'm grateful for my time in the US, but continuing my education in Europe has been excellentAs a student without a full-time salary to afford the American standard of living, studying internationally has been a no-brainer.
Persons: , weren't, I'm, it's, I've Organizations: Service, University of California, Business, KU Leuven, UC Santa Cruz Locations: Santa Cruz, California, Belgium, Leuven, Aliaksandr, Europe, United States
The blaze, which began Thursday night east of Los Angeles, has thus far forced at least 6,000 people to evacuate. Pyrocumulus clouds have also been seen around two other major Southern California fires: the Airport Fire in Orange County and the Bridge Fire in Angeles National Forest. On Monday, fire officials said the California National Guard will deploy four Blackhawk helicopters and other aircraft to aid with modular airborne fire fighting systems as well as 80 soldiers. Meanwhile, in Nevada, the Davis Fire is burning about 5,000 acres and stands 0% contained, Humboldt-Toiyabe National Forest officials said Monday evening. Red Flag warnings are in place across southern California, including the I-5 corridor and the Los Angeles Metro area.
Persons: Qian Weizhong, ” CalFire, Gavin Newsom, Patrick T, Fallon, Davis Organizations: San Bernardino National Forest, California Department of Forestry, National Weather Service, Angeles National Forest, Firefighters, Getty, Gov, California National Guard, Blackhawk, Unified, Redlands Unified, OC Fire Authority, Robinson, National, Los, Los Angeles Metro Locations: California, Nevada, Los Angeles, Southern California, Orange County, Angeles, San Bernardino, Calif, Highlands, Rancho Santa Margarita, San Antonio, Baldy, Humboldt, Davis, Reno, Washoe County , Nevada
Mandatory evacuations were ordered for communities across San Bernardino County, east of Los Angeles, as the so-called Line Fire raged through woodland and burned through more than 23,700 acres by Monday night. The fire in the foothills of the San Bernardino National Forest was 5% contained as of around 8 p.m. PT Monday, according to the California Department of Forestry and Fire Protection, or CalFire. March Air Reserve Base in Riverside County, just south of San Bernardino County, reached 105, according to the National Weather Service. “The triple-digit weather down here is nasty.”Newsom proclaimed a state of emergency for San Bernardino County Saturday night. State officials said vegetation is critically dry in San Bernardino County and temperatures reached more than 100 degrees on Saturday, with relative humidity ideal for the fire to spread.
Persons: CalFire, Gavin Newsom, Eric Thayer, Dan Munsey, Smiley, , , Steven Michael King, Michael Lee, Lee, ” Lee, ” Newsom, Firefighters Organizations: San Bernardino National Forest, PT, California Department of Forestry, Gov, National Guard, Unified, Redlands Unified, National Weather Service, San Bernardino Fire Protection, Downtown, Air Reserve Base, Angeles National Forest, Running, Associated Press, AP, San Bernardino Locations: San Bernardino County, Los Angeles, Forest, California, Orange County, Running Springs, Calif, Running, Downtown Los Angeles, Riverside County, L.A, Lake, Highland, Clearlake City, San Francisco
Rapper Kendrick Lamar will headline the Super Bowl halftime show in New Orleans, the NFL announced Sunday. Follow along for live coverage of Week 1Roc Nation and Jesse Collins, an Emmy-winning producer, will be co-executive producers of the Apple Music halftime show. “Kendrick Lamar is truly a once-in-a-generation artist and performer,” Roc Nation founder Jay-Z said in a statement. Super Bowl 59 will take place on Feb. 9. Lamar previously performed at the 2022 Super Bowl in Los Angeles alongside several other rappers and hip-hop stars in a West Coast-themed show.
Persons: Kendrick Lamar, ” Lamar, Lamar, Jesse Collins, “ Kendrick Lamar, Jay, Z, Drake Organizations: NFL, BET, Apple Music, Roc Nation, Morale Locations: New Orleans, City, Los Angeles, West Coast
I earn some rewards through loyalty programs, but the bulk of my points and miles come from using a variety of credit cards. If you're considering upgrading to a credit card with a better points system, my best advice is to do it sooner rather than later. The card's travel portal doesn't always have the best dealsThe first time I used my points, I purchased airline tickets through my credit card's travel portal. AdvertisementPoints and miles aren't the only perks that come with credit cardsThe main reason I use credit cards is to earn points and miles. AsiaVision/Getty ImagesMany credit cards earn more rewards in certain categories, such as restaurants or gas.
Persons: , I've, Jamie Davis Smith I've, Jamie Davis Smith, Chase, Marriott Bonvoy, I'm, Miles, Antonio Suarez Vega, I'd Organizations: Service, Business, American Express, United Airlines, Hyatt, Chase, Marriott
Brazil's X users, left casting about for a new platform, mostly started washing up on Threads and Bluesky. Everyone hadn't been on X; Brazil's social masses are primarily on TikTok, Instagram and Facebook . So as X went dark in this highly online country of 213 million, its users started migrating. Meta declined to provide specifics on Brazilian users. Bluesky gained 2.6 million users since last week, 85% from Brazil, the company said Wednesday, boosting its total to over 8 million.
Persons: Elon Musk, Jair Bolsonaro, Mauro Pimentel, Elon Musk's, X, Alexandre de Moraes, Shauna Wright, de Moraes, hadn't, Meta's Instagram, Wright, didn't, Mark Zuckerberg, Jack Dorsey, Cris Faga, Luiz Inácio Lula da Silva, Tatiane Queiroz, Bluesky, Jefferson Nascimento, Nascimento, Egerton Neto, , Jay Graber, Ton Molina Organizations: AFP, Getty, Brazilian, Facebook, Twitter, Associated Press, Meta, Federal Supreme Court, Elon, Nurphoto Locations: Copacabana, Rio de Janeiro, Brazil, San Francisco, Bluesky, Brazilian, Mato Grosso, Sao Paulo, Recife
New York CNN —Nvidia, the nearly $3 trillion AI chip maker, is well known as a “golden handcuffs” employer. It’s worked especially well for Nvidia, a 30-year-old tech company whose specialized chips now account for 90% of AI-related chip sales. Since 2019, Nvidia’s stock has soared 3,000% — minting millionaires among its rank and file. Things got worse for Nvidia on Tuesday, when shares fell 9.5%, wiping $279 billion off its value. As my colleague David Goldman noted, only 27 companies on Earth are worth as much as Nvidia lost on Tuesday.
Persons: CNN Business ’, It’s, Jensen Huang, Per, David Goldman Organizations: CNN Business, New York CNN, Nvidia, Bloomberg, Santa, Per Bloomberg, Wall, Google, Competition Locations: New York,
She went to work as a process engineer at an Intel chip fab in Arizona. Over half of companies reported less than 10% representation of women in technical director roles and less than 5% in technical executive leadership roles. While the chip industry makes efforts to expand the recruiting pool in general so that hiring can be more inclusive, the changes can feel incremental. Related storiesIntel set goals to increase its female senior leadership representation to 25% and technical roles to 40% by 2030. Closing the gender gap in the chip industry will require more efforts from companies and top leadership to make these career paths more inclusive and stable.
Persons: , she's, Jared Tatham, Luke Tomaszko, it's, Tomaszko, It's Organizations: Service, Colorado School of Mines, Intel, Accenture, Latina, Micron, AMD, Nvidia, Global Semiconductor Alliance, University of Texas, Austin, MIT . Pipeline, Business, Insight Global, Acceler8 Locations: Arizona, Idaho, New York
Nvidia shares fall despite earnings beating estimates
  + stars: | 2024-08-29 | by ( Arjun Kharpal | ) www.cnbc.com   time to read: +2 min
Nvidia issued market-beating revenue guidance for its fiscal third quarter of $32.5 billion. Nvidia reported July quarter revenue on Wednesday of more than $30 billion, up 122% year on year. Nvidia shares fell on about 6% Thursday, as the company's fiscal second-quarter gross margin dipped slightly, and its revenue beat was eclipsed by a backdrop of increasingly lofty expectations. The pullback in the stock on Thursday also comes after a meteoric rally, with Nvidia's shares rising more than 150% this year to date. The company also announced a $50 billion stock buyback program.
Persons: Colette Kress, Kif Leswing Organizations: Nvidia, Samsung, Taiwan Semiconductor Manufacturing, Blackwell Locations: Nvidia's, Blackwell
Jim doesn't see a need to step in first thing Thursday morning and buy the dip. Through its Nvidia AI Enterprise service, Nvidia is in the process of building out a potentially massive software business. Quarterly commentary During Nvidia's fiscal second quarter, better-than-expected sales were driven by strength in all key segments, including a Data Center segment revenue record. Regarding China, Kress said, "Data Center revenue in China grew sequentially in Q2 and is a significant contributor to our Data Center revenue. Guidance Taking a closer look at guidance, Nvidia's fiscal third quarter may not have beaten the Street's estimates by the magnitude some were hoping for, but it's far from disappointing.
Persons: Lindy, Triple Lindy, Jensen Huang, Hopper, Blackwell, Jim Cramer, Jim doesn't, Colette Kress, Kress, it's, inferencing, ChatGPT, Cloud prem, Nvidia Isaac, Jim Cramer's, Jim, Andrej Sokolow Organizations: Nvidia, Revenue, Triple, Moore's, Hopper, Blackwell, Amazon Web Services, Google, Enterprise, Devices, Intel, Apple, Data Center, Networking, Management, Data, Centers, Automotive, Siemens, Nvidia Blackwell, Mercedes, Benz, Nvidia Omniverse, CNBC, Getty Locations: China, Boston, Silicon Valley
Slowing rate of change in earnings growth There are two important trends to follow in earnings. In the case of Nvidia, earnings are continuing to increase, but the rate of change is decelerating. This earnings report will likely be the final time in this stretch that Nvidia will see triple-digit earnings growth. But the impact has been shrinking – just as the overall Mag 7 impact has been diminishing with second quarter earnings growth broadening out. Last season (Q1), Nvidia was responsible for a little more than one-third of the S & P 500's 8% earnings growth.
Persons: ChatGPT, It's, Wall, Jensen, Josh Brown, Christopher Rolland, I've, you've, Lori Calvasina, it's, Matt Bryson, Nvdia's, Huang, Stifel, Blackwell, Mark Lipacis, NVDA, Hopper, Angelo Zino, Dan Ives, Ives, Brown Organizations: Nvidia, Jensen Huang's, Ritholtz Wealth Management, CNBC, RBC Capital Markets, Microsoft, Meta, Analysts, Nvdia's Blackwell, Blackwell Locations: Susquehanna, Wedbush
One host previously told BI he was charging $400. Travel experts say hosts have a lot to answer for in Airbnb's downfall. "Airbnb essentially allows anyone to sign up to be a host, which will always prove to be problematic," she told BI. Duncan Greenfield-Turk, the chief travel designer at Global Travel Moments, told BI that hosts had "without a doubt" played a big part in Airbnb's unpopularity. Hotels are making the most of the backlash by offering more personalized services and often matching or undercutting Airbnb prices.
Persons: , Michael Rozenblit, Maggie, Rozenblit, Airbnb, overtourism, it's, Grace Moser, Moser, Jessica Dante, Dante, Orleans Airbnb, Taylor, Duncan Greenfield, Greenfield, Turk Organizations: Service, Business, Travelers, Love, Turk Locations: Barcelona, Athens, London, Orleans, Greenfield, Airbnb
watch nowSuch arrangements were rare before the pandemic, economists said. While remote work opportunities have waned from their peak, they appear to have stabilized well above their pre-pandemic levels, economists said. "Remote work is not going away," Nick Bloom, an economics professor at Stanford University who studies workplace management practices, recently told CNBC. Why remote work has enduredRemote work has endured largely because it benefits both workers and employers, economists said. Remote work also opens up the pool of potential candidates during hiring, Bunker said.
Persons: Taiyou, Nick Bunker, Nick Bloom, Bunker, Bloom Organizations: Digitalvision, North America, Stanford University, CNBC, Finance, Workers, Research Locations: U.S
Read previewNot much is going right for Jennifer Lopez who just filed for divorce from Ben Affleck after a failed tour. They became the focus of the Netflix documentary "Halftime," which painted Lopez as an underappreciated triple-threat who was finally getting her dues. AdvertisementThe month after Lopez quietly rebranded her "This Is Me… Live" tour as a greatest hits show, it was canceled. AdvertisementThe final nail in the coffin came on Tuesday when Lopez filed for divorce from Affleck. In the documentary, Affleck suggested he was not entirely comfortable with their love story being the "muse" of the project.
Persons: , Jennifer Lopez, Ben Affleck, Lopez, fiancé, Affleck, Jennifer, Lopez's, Lauren Beeching, Mayah Riaz, Riaz, Joanne Spence, David, Victoria, Spence, Beeching, J Lo Organizations: Service, PRs, Netflix, Business, Honest London Locations: Bronx
I'm a frequent traveler spending $1,300 a year on credit card fees to get great perks. My United℠ Explorer Card card has gotten me priority boarding but I'm not sure I want to keep it. For years, I prided myself on using no-fee credit cards that offered a small amount of cash back on purchases. But I changed my mind once I started traveling more and learning about the perks some credit cards offered. Here are my favorite travel card perks, plus a few I've enjoyed but would be OK losing.
Persons: I'm, , I've, Taylor Rains Organizations: American Express, Service, Honors, Chase, United, United Club Locations: New Delhi, Washington, DC
Family-owned candy giant Mars, whose brands include M&M's and Snickers, said on Wednesday it would buy Cheez-It and Pringles maker Kellanova in a nearly $36 billion deal, making it the biggest deal in the packaged food industry. Mars will pay $83.50 per share in an all-cash deal for Kellanova, representing about a 33% premium to Kellanova's close on Aug. 2, before Reuters first reported that Mars was exploring a deal for the Pringles maker. Kellanova, which split from WK Kellogg last October, is rooted in a salty snacks business and sells cereal outside of North America. WK Kellogg was left with the North American cereal business of Kellogg, the original parent company. Kellanova logged net sales of more than $13 billion in 2023.
Persons: Mars, Kraft Heinz, Mondelez, Rice Krispies, Andrew Clarke, WK Kellogg, Kellogg Organizations: Diamond Foods Inc, Procter & Gamble Co, Kellanova, Reuters, Wrigley, Global, Street Journal Locations: San Francisco , California, Kellanova, Hershey, Chicago, North America
That’s why, he said, he invested in AppHarvest, a startup that promised a high-tech future for farming and for the workers of Eastern Kentucky. Despite promising local jobs, the company eventually began contracting migrant workers from Mexico, Guatemala and other countries, numerous former employees told CNN. After about a week on the job, Vance took a meeting with AppHarvest founder Jonathan Webb, as Webb later recounted in a Fox News podcast interview. The company’s health care benefits attracted Morgan, a single father, who told CNN he took a pay cut to join the startup. Such comments ring hollow to some former AppHarvest workers, who argue Vance’s rhetoric as a candidate for vice president doesn’t align with the reality they experienced.
Persons: JD Vance, Vance, “ It’s, it’s, ” Vance, AppHarvest, Donald Trump’s, Kentuckians Vance, weren’t, , Anthony Morgan, , Luke Schroeder, AppHarvest’s, JD, Jonathan Webb, Webb, Peter Thiel’s, Thiel, Steve Case, Vance “, Morgan, ” Morgan, ’ ” Anthony Morgan, Shelby Hester, Hester, ” Hester, Grist, Andrew Miller, David Attenborough, Bethany, Gary Broadbent, “ AppHarvest, Mitch McConnell, Hester’s, Mitch Smith, bigwigs, CNN AppHarvest, Martha Stewart, Broadbent, doesn’t Organizations: CNN, Fox, Republican, US Department of Labor, PayPal, AOL, Fox News, AppHarvest, Morehead State University, Workers, Kentucky’s Education, Labor Cabinet, Kentucky Center, Investigative, Kentucky Republican, Securities and Exchange Commission, Retirement Association, Senate, Republican National Convention Locations: AppHarvest, Eastern Kentucky, Kentucky, Mexico, Guatemala, Ohio, Silicon Valley, Morehead, Appalachia, gurneys, Plymouth, Massachusetts, Canada,
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