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☆ Jim Cramer names the Wall Street bright spots from a tumultuous third quarter
▼ + stars: | 2024-09-30 | by ( Julie Coleman | ) www.cnbc.com time to read: +1 min

CNBC's Jim Cramer on Monday looked back at the past three months, picking out positives in a chaotic stretch for the market. He added that the central bank set the stage for a substantial rate cut so they could make the move without sending Wall Street into a panic. The market also broadened out after Big Tech had dominated for months on end, Cramer said. And despite the tumult in the leadup to a divisive presidential election, Wall Street "chose to ignore the drama," he said. "The months of July, August, September gave us some outstanding returns," Cramer said.

Persons: CNBC's Jim Cramer, Cramer, Kamala Harris, Joe Biden, Donald Trump Organizations: Big Tech, Democratic

☆ With ports strike imminent on East Coast, Gulf, truckers, rails are scrambling to move billions in cargo before midnight shutdown
▼ + stars: | 2024-09-30 | by ( Lori Ann Larocco | ) www.cnbc.com time to read: +8 min

As much as 43% to 49% of total containerized goods entering the U.S are processed through ports on the East Coast and Gulf Coast. Michael Kanko, CEO of ImportGenius, tells CNBC the economic importance of the ports impacted by an ILA strike is profound. Approximately 50,000 ILA union members work at the ports of Boston, New York/New Jersey, Philadelphia, Wilmington, Baltimore, Norfolk, Charleston, Savannah, Jacksonville, Tampa, Miami, New Orleans, Mobile, and Houston. UBS forecast that 20% of Maersk's total volume would touch a U.S. port that would be impacted by the strike. East Coast ports in the U.S. are forecast to handle 2.3 million TEU (twenty-foot equivalent units) in October.

Persons: Gary Hershorn, Lading, Alan Baer, Baer, Michael Kanko, Brian Bourke, Pete Buttigieg, Julie Su, Lael Brainard, Biden, We've, Taft, Hartley, Donald Trump, Harold Daggett, let's, Estee Lauder, Steve Lamar Organizations: Port, Port Newark Container, Corbis, CNBC, International Longshoremen's Association, US Maritime Alliance, USA, ILA, U.S ., Seko Logistics, Gulf, Transportation, National Economic, UBS, Maersk, Democrats, Hartley, Business, The U.S . Chamber of Commerce, Biden, ., L'oreal, ABB, Walmart, Walgreens, Disney, Port Authority of, American Apparel & Footwear Association Locations: Port Newark, New York City, Newark , New Jersey, Coast, U.S, ImportGenius, East Coast, Gulf Coast, U.S . East Coast, Maine, Texas, Boston , New York, New Jersey, Philadelphia, Wilmington, Baltimore, Norfolk, Charleston, Savannah, Jacksonville, Tampa , Miami , New Orleans, Mobile, Houston, The, Port of New York, Port Authority of NY, Virginia, Mitre . East Coast, Port of Virginia

Harris’ campaign is pouring more money and effort into advertising, targeted messaging and on-the-ground organizing. “One in five Latino voters in this election are going to be voting for the first time, so they’re forming their opinions about the candidates. English is predominantly our first language,” Enriquez said on a Trump campaign press call earlier this month. “A full 55% of Latino voters had not heard from anybody, not just candidates, but nonpartisan or any other type of organization. The Latino Victory Fund on Saturday kicked off a plan to bus volunteers from New York to Pennsylvania to engage with the state’s more than 400,000 eligible Latino voters.

Persons: Kamala Harris, Harris, Donald Trump, Trump, “ Harris, ” Mya Brady, Barack Obama, Hillary Clinton, Joe Biden, Clarissa Martinez De Castro, ” De Castro, they’ve, Harris ’, —, Abraham Enriquez, ”, ” Enriquez, Tony Fabrizio, ” Fabrizio, Vianca Rodriguez, “, Anuel AA, Emmanuel Gazmey Santiago, ” Trump, Nicky Jam, Nick Rivera Caminero, “ It’s, Nicky, Caminero, Julie Chavez Rodriguez, Walz, ” Rodriguez, Miguel Cardona, Xavier Becerra, Rodriguez, Sen, Ben Ray Luján, Adriano Espaillat, Canelo Alvarez, Edgar Berlanga, Victor Martinez, It’s, Maca Casado, ” Harris, Liza Colón, Zayas, Anthony Ramos, Tim Walz, Hurricane Maria, Colón, “ Trump, can’t, De Castro, “ You’ve Organizations: NBC, Democrats, NBC News, Telemundo, CNBC, Latino, Republicans, ”, Trump, “ Republicans, Republican Party, Black, Puerto Ricans, Trump ., Puerto, Dominican, Let’s, Latina, Education, Human Services, New York, Harris, Fund Locations: TUCSON, Ariz, West, Pittsburgh, UnidosUS, Nevada and Arizona, Pennsylvania, North Carolina, Georgia, Puerto Rican, Johnstown , Pennsylvania, Trump . ” Pennsylvania, Las Vegas, Arizona, Nevada, New Mexico, New, Spanish, Douglas , Arizona, Lehigh County , Pennsylvania, Hurricane, Puerto Rico, New York

Former GOP Sen. Jeff Flake endorsed Vice President Kamala Harris for president on Sunday, writing in a statement that he wanted to support a presidential candidate who represents “a new generation of leadership based not on grievances of the past, but hope for the future.”“I’ve served with Kamala in the U.S. Senate. I want to support a president who understands and appreciates the difference.”Even before the 2020 presidential election, Flake had long sparred with Donald Trump. In August, the campaign unveiled more than two dozen Republican endorsements for the vice president. And in September, former GOP Rep. Liz Cheney, another high-profile anti-Trump Republican, endorsed Harris. Days later, her father, former Vice President Dick Cheney, also said he would vote for Harris.

Persons: GOP Sen, Jeff Flake, Kamala Harris, ” “ I’ve, Kamala, I’ve, Tim Walz, Flake, Joe Biden, Biden, Donald Trump, Hillary Clinton, wouldn’t, Trump, ”, Harris, Liz Cheney, Dick Cheney Organizations: GOP, U.S . Senate, Minnesota Gov, Republican, Republican Party, Trump Republicans, Trump Republican, ABC, Republicans Locations: U.S, Arizona, Turkey, Trump

☆ Elon Musk once described his past immigration status as a ‘gray area’
▼ + stars: | 2024-09-29 | by ( Catherine E. Shoichet | ) edition.cnn.com time to read: +32 min

So we just rented the office, and slept in the office, and showered at the YMCA,” Elon Musk recalled, drawing laughs from the crowd. “When they did fund us,” Kimbal Musk recalled, “they realized that we were illegal immigrants.”“Well…” Elon Musk interjected. Video of the remarks shows Elon Musk laughing as he jumped in with a different interpretation: “I’d say it was a gray area.”He didn’t elaborate, and it’s unclear what Elon Musk meant by that characterization. Elon Musk, wearing a black Stetson hat, livestreams while visiting the US-Mexico border in Eagle Pass, Texas, on September 28, 2023. Then-President Donald Trump greets Elon Musk before a policy and strategy forum with executives at the White House in February 2017.

Persons: ” Elon Musk, “, Musk, ”, Donald Trump, Biden, It’s, —, Kimbal, ’ Elon Musk, he’s, X, He’s, Walter Isaacson’s, they’ve, Elon Musk, Jeff Skoll, Fred Prouser, ” Kimbal Musk, Elon, haven’t, Ashlee Vance’s, Greg Kouri, can’t, Maye, Charles Kuck, Kuck, Jennifer Minear, That’s, ” Kuck, Alain Jocard, Kimbal Musk, Tesla, Zip2, he’d, Kevin McCarthy, Alex Brandon, it’s, Hunter Swanson, Grace, Swanson, “ They’re, ” Swanson, ” Minear, Minear, Philip Pacheco, Ron Ozio, hadn’t, Vance, CNN there’s, Affairs Julie Greicius, Rajshree Agarwal, Ed Snider, ” Agarwal, Peter Thiel, Paul Sakuma, Agarwal, …, that’s, Elon Musk’s, who’s, hasn’t, Bayar, Zachary Mueller, ” Mueller, I’m, Don Lemon, Mueller, there’s, Stetson, Critics, John Moore, David Bier, ” Bier, Bier, Trump, he's, he'd, Brendan Smialowski, Joe Wilson, ” Wilson, Medina County Sheriff Randy Brown, Elon Musk's, We’re, Daniel Becerril, Reuters Elon Musk hasn’t Organizations: CNN, Twitter, University of Pennsylvania, Tesla Motors, SpaceX, Forbes, Stanford, Kimbal, Milken Institute Global Conference, Reuters, YMCA, Milken, YouTube, Los Angeles Times, US, Immigration Services, American Immigration Lawyers Association, Getty, Tesla, Kennedy Space Center, Center for International Education, Washington, Lee University, Elon, Center for, Learning, Penn, Minear, Materials, Engineering, ” Stanford, Communications, Affairs, American Immigration, Association, Ed Snider Center for Enterprise, University of Maryland, PayPal, eBay, Compaq, University of Washington, America’s, Democratic, Trump, CATO Institute, White, Medina County Sheriff, Fox, Fox News, Polaris Locations: Mexico, United States, Eagle Pass , Texas, Pretoria, South Africa, Canada, Canadian, Palo Alto , California, Beverly Hills , California, Angeles County, U.S, Atlanta, AFP, America, Zip2, California, Cape Canaveral , Florida, Virginia, Washington, Arizona, South Carolina, Medina County, Eagle, , Texas, Rio Grande

New U.S. tariffs on $18 billion in Chinese goods take effect Friday as trade tensions intensify between the world’s two largest economies. For example, the U.S. imports almost no Chinese EVs, largely because of an existing 27.5% tariff that is now increasing to 100%. Lithium-ion batteries, however, are a different story, accounting for about $13 billion of the $18 billion in affected Chinese goods. Similarly, the U.S. has been increasing its Chinese imports of natural graphite, another crucial component of EVs. “Cheaper Chinese solars and cheaper Chinese EVs can actually take jobs away from a lot of manufacturers in, say, the West.

Persons: Donald Trump, Joe Biden, Trump, Chim Lee, ” Lee, Charles Benoit, “ that’s, Benoit, ”, Biden, Julie Kozack, Lee, it’s Organizations: Economist Intelligence Unit, Biden, China, European, Coalition for, Prosperous, International Monetary Fund, U.S Locations: U.S, Beijing, China, Asia, Southeast Asia, Mexico, Malaysia, Prosperous America

☆ Fast Money traders share their favorite stocks of the week
▼ + stars: | 2024-09-27 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFast Money traders share their favorite stocks of the weekFast Money traders Steve Grasso, Tim Seymour, Julie Biel, and Mike Khouw share their favorite stocks from this week and explain the reasoning behind their choices.

Persons: Steve Grasso, Tim Seymour, Julie Biel, Mike Khouw

☆ I am feeling a 'little more optimistic' on the consumer sector, says Kayne Anderson's Julie Biel
▼ + stars: | 2024-09-27 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailI am feeling a 'little more optimistic' on the consumer sector, says Kayne Anderson's Julie BielSteve Grasso, Grasso Global CEO; Tim Seymour, CIO at Seymour Asset Management; Julie Biel, chief market strategist at Kayne Anderson Rudnick; and Mike Khouw, chief strategist at OpenInterest.Pr, join 'Fast Money' to discuss markets, their October expectations, and more.

Persons: Kayne, Julie Biel Steve Grasso, Grasso, Tim Seymour, Julie Biel, Kayne Anderson, Mike Khouw Organizations: Grasso Global, Asset Management

☆ Nike on deck to report earnings
▼ + stars: | 2024-09-27 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailNike on deck to report earningsSteve Grasso, Grasso Global CEO; Tim Seymour, CIO at Seymour Asset Management; Julie Biel, chief market strategist at Kayne Anderson Rudnick; and Mike Khouw, chief strategist at OpenInterest.Pr, join 'Fast Money' to discuss Nike as the company prepares to report its earnings next week.

Persons: Steve Grasso, Grasso, Tim Seymour, Julie Biel, Kayne Anderson, Mike Khouw Organizations: Nike, Grasso Global, Asset Management

☆ Tesla jumps ahead of Q3 deliveries
▼ + stars: | 2024-09-27 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailTesla jumps ahead of Q3 deliveriesSteve Grasso, Grasso Global CEO; Tim Seymour, CIO at Seymour Asset Management; Julie Biel, chief market strategist at Kayne Anderson Rudnick; and Mike Khouw, chief strategist at OpenInterest.Pr, join 'Fast Money' to discuss Tesla as the electric car maker is expected to report Q3 deliveries next week.

Persons: Tesla, Steve Grasso, Grasso, Tim Seymour, Julie Biel, Kayne Anderson, Mike Khouw Organizations: Grasso Global, Asset Management

Senate Foreign Relations Committee Chairman Ben Cardin was targeted by a caller who posed as a former top Ukrainian official during a recent Zoom call, according to a notice circulated to Senate offices and obtained by NBC News on Wednesday. According to the notice, the caller's questioning was "likely trying to bate the Senator into commenting on a political candidate." Cardin and his staff ended the call, the notice said, adding that Cardin's office contacted the State Department, which confirmed the caller was not Kuleba. Cardin referred to the caller as a "malign actor" in a statement about the incident his office released Wednesday night. NBC News reported this month that the Justice Department plans to file criminal charges in connection with the hacking of Trump’s campaign, according to two law enforcement officials.

Persons: Ben Cardin, Dmytro Kuleba, Punchbowl, Cardin, ”, bate, “, ” Cardin, Donald Trump's, Joe Biden's Organizations: Foreign Relations, Ukrainian, NBC News, Ukrainian Foreign, State Department, The State Department, Capitol Police, FBI, Justice Department Locations: Iran

☆ Accenture CEO on Q4 beat: Our early leadership in generative AI is expanding
▼ + stars: | 2024-09-26 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailAccenture CEO on Q4 beat: Our early leadership in generative AI is expandingAccenture chair and CEO Julie Sweet joins CNBC's 'Squawk on the Street' to discuss the company's fourth quarter earnings beat, the value of AI for its future, and more.

Persons: Julie Sweet Organizations: Accenture

One of the nation’s largest Muslim political groups endorsed Vice President Kamala Harris on Wednesday despite fierce opposition to her Middle East policy, saying that stopping former President Donald Trump is paramount. Alzayat, of Emgage, said his group respected those in the community who are making different decisions. And he acknowledged the difficulty of backing Harris, pointing to Palestinian and Lebanese American staffers and supporters of the group. “We hold President Biden responsible for continuing to provide the Netanyahu government with weapons.,” Alzayat said, drawing a distinction with Harris. As she has over the past year, the Vice President will continue to work to prevent the conflict from widening throughout the region.”

Persons: Kamala Harris, Donald Trump, they’ve, Wa’el Alzayat, Trump, Joe Biden’s, Jill Stein, Harris, Cornel West, Chase Oliver, ”, Amer Ghalib, Alzayat, “, National Intelligence Ric Grennell, ” Trump, Benjamin Netanyahu, Emgage, Biden, Netanyahu, ” Alzayat, we’ve, ” Harris, Julie Chavez Rodriquez, Chavez Rodriquez Organizations: Wednesday, NBC News, ”, Democrats, Cornel West, Force, Libertarian Party, Arab, Lebanese American, Palestinian, Trump, National Intelligence, Biden Locations: Gaza, Lebanon, Hamtramck , Michigan, Emgage, Palestinian, Israel, Arab

The number of Republican women in the House has tripled to a record 36, including two nonvoting members. Others involved in the effort to boost GOP women are also hopeful they can reach a new milestone this year. The number of House candidates has dropped overall since 2022, a redistricting year that brought a surge of new candidates. The Center for Women and Politics found the steepest drop was among Republican women. For Stefanik, the effort to recruit more GOP women to run for the House has been a resounding success.

Persons: Elise Stefanik, Stefanik, “, Danielle Barrow, —, — Texas ’ Kay Granger, Washington’s Cathy McMorris Rodgers, Debbie Lesko —, Jenniffer, Julie Fedorchak, Carolina’s Sheri Biggs, Amy Walter, ” Stefanik, Young Kim, Michelle Steel, Lori Chavez, Yvette Herrell, Mayra Flores, York’s Alison Esposito, Alabama’s Caroleen Dobson, Tom Emmer, ”, Donald Trump’s, Barrow, Susan B, Anthony Pro, Nancy Dahlstrom, Republican Nick Begich, “ We’re, Marie Gluesenkamp Perez, Leslie Lewallen, Joe Kent, Kent, Gluesenkamp Perez, “ Joe Kent, Joe Biden, Kamala Harris, Harris Organizations: GOP, Republican, Action, — Texas, Puerto, Republicans, National Republican Congressional, Center for Women, Rutgers Eagleton Institute of Politics, Women, RightNOW, America, Democratic, House, Gov, Trump, Fund, Camas City, Green Beret, Congress, Navy, NBC News, New Locations: Puerto Rico’s, Democratic, “, California, Oregon, New Mexico, Mayra Flores of Texas, Minnesota, Stefanik, Washington’s, Camas, Kent, New York, Syria

☆ The biggest mistakes beginners make when traveling in an RV, according to RV lifers who have traveled to all 50 states
▼ + stars: | 2024-09-24 | by ( Joey Hadden | ) www.businessinsider.com time to read: 1 min

Marc and Julie Bennett told Business Insider that many newbies to RV life don't research enough before buying their new home on wheels. Marc and Julie pose for a selfie with their RV. RV Love"It's not like buying a car," Julie said. Julie said people should do more research before purchasing an RV than they would for a regular vehicle. "It's often better to buy a well-cared-for pre-owned RV than it is to buy a new RV.

Persons: Marc, Julie Bennett, Julie

☆ Cramer's Lighting Round: Dominion Energy is a buy
▼ + stars: | 2024-09-20 | by ( Julie Coleman | ) www.cnbc.com time to read: 1 min

Stock Chart Icon Stock chart icon Dominion Energy's year-to-date stock performance. Dominion Energy : "I think Dominion Energy is a buy...We need cheap power." Stock Chart Icon Stock chart icon Dutch Bros' year-to-date stock performance. Dutch Bros : "I like Dutch Bros, I'm glad that they slowed their expansion..."Stock Chart Icon Stock chart icon Super Micro Computer's year-to-date stock performance. Stock Chart Icon Stock chart icon LyondellBasell's year-to-date stock performance.

Persons: It's Organizations: Dominion, Dominion Energy, Dutch Bros

☆ Cramer's week ahead: New inflation data and earnings from Costco, KB Home
▼ + stars: | 2024-09-20 | by ( Julie Coleman | ) www.cnbc.com time to read: +2 min

But regardless of the week's events, Cramer said the Fed's successful start to the easing cycle is leading the market in a positive direction. "We're in a rate cut cycle now, ok, it's very different from, from the last couple years. Next year should be better for the homebuilder than 2024 because the Fed is lowering rates, he added. Semiconductor outfit Micron will report earnings on Wednesday along with Cintas , which supplies a range of materials, including uniforms, to businesses. Retail grocery giant Costco reports on Thursday, and Cramer will be paying attention to which products are and aren't selling.

Persons: CNBC's Jim Cramer, Cramer, Raphael Bostic, Austan Goolsbee, Hewlett Packard Organizations: Costco, KB, Federal, Atlanta Fed, Chicago Fed, Apple, Semiconductor, Micron, Retail, Commerce Department

☆ RH CEO explains why his company doesn't have a social media presence
▼ + stars: | 2024-09-20 | by ( Julie Coleman | ) www.cnbc.com time to read: +2 min

RH CEO Gary Friedman told CNBC's Jim Cramer on Friday why the upscale home furnishing retailer doesn't have any official social media accounts, saying paid promotions by online influencers aren't authentic. And, you know, having fake fans and people you pay talk about you on Instagram or TikTok or whatnot, it's not the truth." Friedman conceded that social media has exploded, and "the digital visualization and connectivity is real." However, he said that if consumers aren't interested in our showing enthusiasm for the brand, RH should do better work, not pay others to talk about the company. He claimed that RH still has a solid presence online, but not because of paid influencing or social media marketing on the company's part.

Persons: Gary Friedman, CNBC's Jim Cramer, Friedman, it's, RH, There's Locations: London, Paris, Milan, Madrid, U.S, North Carolina

☆ Cramer's Lightning Round: Viking is a buy
▼ + stars: | 2024-09-19 | by ( Julie Coleman | ) www.cnbc.com time to read: 1 min

Stock Chart Icon Stock chart icon Viking's year-to-date stock performance. Viking : "You want to buy Viking...This is a really fine company, and it will do well for multiple years because they have many ships coming in." Stock Chart Icon Stock chart icon Gentex's year-to-date stock performance. Stock Chart Icon Stock chart icon Cadre Holdings' year-to-date stock performance. Stock Chart Icon Stock chart icon Celsius' year-to-date stock performance.

Organizations: Holdings, Cadre Holdings

☆ Jim Cramer reviews 10 stocks that perform well just after the start of a cutting cycle
▼ + stars: | 2024-09-19 | by ( Julie Coleman | ) www.cnbc.com time to read: 1 min

CNBC's Jim Cramer on Thursday reviewed stocks that have historically performed well just after the Federal Reserve embarks on a cutting cycle and chose his favorites. Using data compiled by CNBC Pro, Cramer discussed the top 10 stocks with the median best performance during three months after an initial cut over the past 40 years. "Now that the Fed's started cutting rates with a bang, you need to think about what kind of stocks will work best in what I consider to be a new regime. Our friends as CNBC Pro got you started with the ten stocks that've done best during the first three months after a rate cuts, going back to '84," he said. "But when you go through their current circumstances, the only ones I can fully endorse are Apple, Target and Textron, in that order."

Persons: CNBC's Jim Cramer, Cramer, –, Sarah Min Organizations: CNBC Pro, Apple, Target, Textron

☆ I visited Cracker Barrel. The CEO is right when she says it's 'not as relevant' as it once was
▼ + stars: | 2024-09-19 | by ( Alex Bitter | ) www.businessinsider.com time to read: +1 min

Cracker Barrel's CEO said this year that the chain is "not as relevant" as it used to be. I went to a Cracker Barrel earlier this year outside Washington, DC, to see what's going on. 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 . "We're just not as relevant as we once were," CEO Julie Masino told investors on a call in May.

Persons: —, that's, hasn't, We're, Julie Masino Organizations: Service, Business Locations: Washington

☆ Jim Cramer explains why he's not worried about the Fed's aggressive rate cut
▼ + stars: | 2024-09-19 | by ( Julie Coleman | ) www.cnbc.com time to read: +2 min

"You need to know that a rate cut is never bad for stocks, as long as it's telegraphed," he said. "A large rate cut, as long as it's communicated to the media with plenty of time in a considered way, is also acceptable." Investors were anticipating interest rate cuts for some time, with most convinced the Federal Reserve would issue a September cut, but unsure whether it would be by 25 or 50 basis points. By Thursday's close, Wall Street seemed more confident about the cut. Cramer added that a double rate cut means even more cash will flow in from the sidelines.

Persons: CNBC's Jim Cramer, Thursday's, Cramer, you'll Organizations: Federal Reserve, Dow Jones Industrial, Nasdaq, Fed, Big Tech Locations: homebuilding, cyclicals

“There’s no one that can organize quite like labor,” Harris campaign manager Julie Chavez Rodriguez said. All together, labor leaders predict thousands of union members will deploy to battleground states to knock on doors or work phone banks. “It will be determinative,” Butler said of the Sun Belt labor groups' role in the November election. “Arizona is going to be a state that, at the end of the day, will elect the president — President Harris — I truly believe that,” McLaughlin said. “Momentum will carry Vice President Harris and Governor [Tim] Walz through.

Persons: Joe Biden, Kamala Harris, Harris, Donald Trump’s, “, ” Harris, Julie Chavez Rodriguez, ”, Verrett, Trump, Biden, Shawn Fain, Chavez Rodriguez, they’ve, ” Biden, canvassers, “ Trump, ” Chavez Rodriguez, Sen, Laphonza Butler, ” Butler, Harris ’, Karoline Leavitt, ” Leavitt, Jim McLaughlin, —, Harris —, ” McLaughlin, Tim, Walz Organizations: ” Workers, Service Employees International Union, Culinary Workers Union, AFL, CIO, Democratic, SEIU, United Automobile Workers, General Motors, Heritage Foundation’s, Trump, Democrats, Sun, Boeing, Teamsters Union, Teamsters, Arizona’s AFL, United Food & Commercial Workers, Biden Locations: Midwest, janitors, Canada, California , Illinois, New York, Arizona , Nevada , Georgia, North Carolina, Flint, Mich, McDonald’s, California, U.S, Reno , Nevada, Las Vegas, Nevada, Arizona

☆ AMD CEO talks competition with Nvidia: 'there’s no one size fits all in computing'
▼ + stars: | 2024-09-18 | by ( Julie Coleman | ) www.cnbc.com time to read: +1 min

When CNBC's Jim Cramer asked AMD CEO Lisa Su about competition with artificial intelligence powerhouse Nvidia , she said there was room for more than one major player in the red-hot semiconductor industry. "The way to think about it is, there's no one size fits all in computing," she said. Both AMD and Nvidia design semiconductor chips essential for the new generative AI technology everyone in the enterprise is clamoring for. To Su, the "technology ecosystem" works well when there's competition and partnership, saying there should be areas where rivals work together and where they compete. Su also discussed the future of AI, saying the world is just beginning to recognize what AI can do.

Persons: Jim Cramer, Lisa Su, Su, It's Organizations: Nvidia, AMD, Intel, Big Tech

☆ T-Mobile CEO says his company is selling the iPhone 16 'at a greater rate' than last year's model
▼ + stars: | 2024-09-18 | by ( Julie Coleman | ) www.cnbc.com time to read: +2 min

In a Wednesday interview with CNBC's Jim Cramer, T-Mobile CEO Mike Sievert said his company was seeing more sales of the iPhone 16 than last year's series of the smartphones. "Not only good, but better than last year, and people are buying Pros, they're buying Maxs, so they're buying up the food chain, and they're buying at a greater rate than last year." Apple is set to release the iPhone16 in stores on Friday, widely touted for its new artificial intelligence capabilities. But according to Sievert, the iPhone16 is in demand, although the delay may lengthen the buying cycle. Sievert also reviewed announcements the company made at a conference it held on Wednesday.

Persons: CNBC's Jim Cramer, Mike Sievert, Sievert, Siebert, it's, we're Organizations: Mobile, Apple, Nvidia, Nokia

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