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Comfort is important, but you don't need to sacrifice aesthetics. A beautiful piece of furniture can be comfortable. "When people are going to buy furniture, they focus so heavily on the comfort and they don't focus on the style," he said. Prioritizing comfort above all else also frustrates Rehman because there are so many affordable, comfortable pieces with aesthetic appeal, he said. "Just take that little extra step and go find things that are the best of both worlds."
Persons: Robert Daly, Rehman, there's Locations: cupholder
Check out the companies making headlines in midday trading: Flutter Entertainment — The sports betting stock rose more than 6% after the FanDuel parent announced a share buyback program of up to $5 billion. Hewlett Packard Enterprise — The tech stock jumped more than 5% after Barclays upgraded the firm to overweight from equal weight. KB Home reported $2.04 in earnings per share, or 2 cents short of consensus estimates, according to analysts surveyed by LSEG. Analysts had expected $1.14 in earnings per share on revenue of $176.2 million, according to FactSet. The workplace uniform company sees revenue of $10.22 billion to $10.32 billion for fiscal 2025, compared to its prior guidance of $10.16 billion to $10.31 billion.
Persons: HPE, Morgan Stanley downgrades, Adam Jonas, Ford, Bilibili, Warren Buffett's Berkshire Hathaway, Cintas, — CNBC's Sean Conlon, Yun Li, Alex Harring, Hakyung Kim, Lisa Han, Pia Singh Organizations: Hewlett Packard Enterprise, Barclays, Juniper Networks, General Motors, Ford —, JPMorgan, . Bank of America, LSEG, Trump Media & Technology Locations: Bilibili —
The outcome of November's presidential election could have major implications for some popular technology stocks. Meanwhile, a victory by Vice President Kamala Harris may lead to tighter AI regulations focused on safety, ethics and protecting consumers. AI chip giant Nvidia is another likely winner in both split scenarios and a Republican sweep. Heightened antitrust controls over Google and its local search monopoly in a Democrat sweep and split Harris government should also benefit shares of Yelp down 27% this year. Republican sweep Raymond James views Salesforce as a potential big winner in a Republican sweep, noting that "more favorable" corporate tax rates should benefit cyclical software names.
Persons: Raymond James, Donald Trump, Trump, Ed Mills, Kamala Harris, Mills, Harris, Melissa Fairbanks, John Davis, Andrew Marok, bode, Salesforce, Davis, Datadog, Adam Tindle, Josh Beck Organizations: Democrat, Veeva Systems, Flex, Visa, Democratic, Republican, Trump, Republican Senate, Microsoft, Nvidia, Verizon, U.S, Google, Apple, Texas, Intel, Qualcomm, Apollo Global Management, Arista Networks Locations: China, Washington, outperformance, Saudi Arabia, Yelp
Smartsheet — Shares surged more than 6% after Blackstone and Vista Equity Partners agreed to buy the software maker for $56.50 a share in cash, or about $8.4 billion . Unless another offer is made, the deal is expected to close by January 2025, pending shareholder approval. China stocks — Shares of Chinese companies soared after China's central bank unveiled a host of stimulus measures . Thor earned $1.68 per share on $2.53 billion in revenue in its fiscal fourth quarter. Flowserve — The stock moved nearly 5% higher after Bank of America reiterated a buy rating, saying its exposure to nuclear power is "underappreciated."
Persons: Alibaba, Li, Thor, LSEG, Morgan Stanley, BioNTech, Guggenheim, Joseph, Alex Harring, Samantha Subin, Lisa Kailai Han, Jesse Pound, Sarah Min Organizations: Bloomberg, Justice Department, Blackstone, Vista Equity Partners, JD.com, PDD Holdings, Li Auto, Thor Industries, Arlo Technologies, Bank of America, GE, Joseph Osha Locations:
StackGen raised $12.3 million in seed funding led by Thomvest Ventures. The startup uses AI to auto-generate infrastructure from code, boosting developer efficiency. Generative AI is transforming software engineering, with many startups securing large seed rounds. AdvertisementGenerative AI is giving software engineering a massive boost, and one startup just raised a supersized seed round for its tech that uses code to create generative infrastructure. The startup, formerly known as appCD, rebranded to StackGen and raised a $12.3 million seed funding round led by Thomvest Ventures.
Persons: StackGen, Organizations: Thomvest Ventures, Service, StackGen, FireBolt Ventures, WestWave, Business
Some Wall Street analysts and money managers see a path to monetization ahead for Apple 's latest artificial intelligence features despite some near-term rollout headwinds. Earlier this month, the technology behemoth debuted its iPhone 16 , incorporating its new AI features known as Apple Intelligence. While including Apple Intelligence as a paid tool may not be on investors' radar, some see a strong case for a future added cost down the road. AAPL YTD mountain Apple shares in 2024 The setup with Apple Intelligence could resemble the company's Apple TV debut, notes CFRA Research analyst Angelo Zino. The portfolio manager also sees an avenue for third-party developers to draw on Apple's AI features to improve their offering.
Persons: Craig Moffett, Moffett, Angelo Zino, Zino, Gene Munster, Apple, OpenAI's, John Belton Organizations: Street, Apple, Apple Intelligence, Meta, Deepwater Asset Management Locations: Europe, China
Piper Sandler upgraded shares of Salesforce to overweight, with its new price target implying upside of more than 20%. Helfstein placed a $45 price target on shares, implying about 48% upside from Monday's close. Along with the downgrade, Low reduced the firm's oil price target to $75 from $80 a barrel. — Samantha Subin 6:02 a.m.: Jefferies downgrades Starbucks to underperform Jefferies is bracing for more troubles ahead for shares of Starbucks . SBUX mountain 2024-06-28 SBUX in Q3 — Samantha Subin 5:45 a.m.: Piper Sandler upgrades Salesforce Piper Sandler is turning more bullish on shares of Salesforce .
Persons: Piper Sandler, Lowe's, Oppenheimer, Jason Helfstein, Pinterest, Helfstein, — Samantha Subin, Jefferies, Keith Devas, Samantha Subin, Peter Low, underperform Jefferies, Andy Barish, Barish, they've, Salesforce Piper Sandler, Brent Bracelin, Bracelin, Brian Nagel, Nagel, it's, Fred Imbert Organizations: CNBC, Oppenheimer, Amazon, Google, Kenvue, Atlantic, Exxon Mobil, BP, Starbucks, U.S, Federal Reserve Locations: China, Salesforce, Monday's
A San Francisco venture firm developed a proprietary model it calls "moneyball for venture capital." The firm is revealing 19 exceptional female investors with a keen eye for identifying future unicorns. 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 . It developed a proprietary model it calls "Moneyball for venture capital" that uses AI to predict which early-stage startups are most likely to become unicorns, which are companies valued at more than a billion dollars.
Persons: , Fred Campbell, Joseph Aaron, Scott Pyne, Steve Marek, Dick Fredericks Organizations: US, Service, Business Locations: San Francisco
CNBC confirmed on Friday that Qualcomm had recently approached Intel about a takeover. Ciena – The networking software maker added more than 4% after a double upgrade by Citigroup to buy from sell cited an improving landscape in the broader telecommunications/cable industry. The bank sees bookings growth heading into next year. The bank sees an increasing relevance of the platform among users and expects strong revenue growth over the next few years. Palantir – The maker of software platforms to help companies analyze data declined more than 1%.
Persons: Ciena, Morgan Stanley, Palantir, Raymond James, Harlan Sur, , Samantha Subin, Sarah Min, Pia Singh Organizations: Intel, Apollo Global Management, Bloomberg, CNBC, Qualcomm, Citigroup, Constellation Energy, Microsoft, Deutsche Bank, General Motors, Chevrolet, Micron Technology, JPMorgan Locations: Pennsylvania, The Boise , Idaho
But while lower mortgage rates may translate to more buying power for homebuyers, America’s housing market woes aren’t likely to be solved solely by rate cuts. But Enterprise Community Partners, the nonprofit where Donovan currently serves as CEO, estimates that the US needs 7 million new units in order to stabilize the housing market. “There are a lot of factors that have affected the housing supply and these are complicated issues to solve. “We’re not expecting mortgage rates to fall that much further, and we still think that the mortgage rate ‘lock-in’ effect will still be there,” Dougherty said. “Things will probably pick up as rates come down, but we’re not looking for a high-octane rebound,” Dougherty said of the housing market.
Persons: they’d, aren’t, , , Shaun Donovan, Kamala Harris, Donald Trump, ” Donovan, Harris, Trump, Donovan, Jerome Powell’s, Freddie Mac, Charles Dougherty, That’s, “ We’re, ” Dougherty, ” Powell, that’s, Dougherty, “ It’s, ” Ryan McLennan Organizations: CNN, Housing, Urban Development, National Association of Realtors, Partners, Federal, Fed, National Association of Home Builders, homebuilders, Consumer Financial Locations: America, Wells Fargo, Houston, homebuying
Check out the companies making headlines in midday trading: Micron Technology — Micron edged 2.7% higher after JPMorgan reiterated the stock as overweight ahead of the memory chipmaker's earnings, which are expected Wednesday after market close. Monday's gain put the stock on track for its biggest advance since Aug. 28, when it popped 9%. Ulta — The cosmetics stock lost more than 3% after a downgrade to hold from buy at TD Cowen. Biohaven — Shares surged 12% after the clinical-stage pharma company announced positive trial data for its drug treating spinocerebellar ataxia known as troriluzole. Intel — Shares of the struggling chipmaker climbed 2.4% after Bloomberg News reported on Sunday that Apollo Global Management proposed to make a multibillion-dollar investment in Intel.
Persons: Harlan Sur, General Motors, Bernstein, Cowen, troriluzole, Ciena, Jesse Pound, Alex Harring, Samantha Subin, Sean Conlon Organizations: Micron Technology, Micron, JPMorgan, Tesla, Barclays, U.S . Army, General, pharma, Intel —, Bloomberg, Apollo Global Management, Intel, CNBC, Qualcomm, Citi
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CNN —Vice President Kamala Harris on Saturday accepted an invitation from CNN to debate former President Donald Trump on October 23, challenging her rival to another engagement on a public stage in the final weeks of the campaign. “Vice President Harris is ready for another opportunity to share a stage with Donald Trump,” campaign chair Jen O’Malley Dillon said in a statement. “Donald Trump should have no problem agreeing to this debate.”Harris tweeted Saturday that she “will gladly accept a second presidential debate” and that she hopes Trump “will join” her on October 23. The debate would mirror the first 2024 presidential debate in June between Trump and President Joe Biden, taking place at CNN’s studios in Atlanta, according to the network. After a dismal performance at that Atlanta debate, Biden eventually bowed out of the race and endorsed Harris as the Democratic nominee.
Persons: Kamala Harris, Donald Trump, Harris, Jen O’Malley Dillon, “ Donald Trump, ” Harris, , Trump, , Joe Biden, ” Harris ’, Biden Organizations: CNN, Trump, ABC, , Democratic Locations: Atlanta, Philadelphia, California, United States, American
Couple dies while snorkeling during Hawaii babymoon
  + stars: | 2024-09-20 | by ( Samantha Kubota | ) www.nbcnews.com   time to read: +2 min
Family and friends are mourning the deaths of a Washington state couple who died while snorkeling on vacation in Hawaii. Family members identified the couple on their verified GoFundMe page as 25-year-old Ilya Tsaruk and 26-year-old Sophia Tsaruk. Local NBC affiliate KING reports the couple lived in Snohomish, Washington, according to public records. In an interview with local news outlet KITV, family members said the Tsaruks traveled to Hawaii for a babymoon with two other couples, including Ilya Tsaruk’s brother and his wife. “We don’t think that she suffocated in the mask,” Ilya Tsaruk’s brother Anatoliy Tsaruk told KITV.
Persons: Ilya Tsaruk, Sophia Tsaruk, Ilya Tsaruk’s, Anatoliy Tsaruk, KITV, , Melody, , ” Taisiya Tsaruk Organizations: Local NBC, KING Locations: Washington, Hawaii, Maui, Maui County, Snohomish , Washington
Lennar — The homebuilding stock slipped 3% despite beating analysts' expectations for its fiscal third quarter. Trump Media & Technology Group — Shares traded nearly 5% lower as selling restrictions on former President Donald Trump and other early investors ended. PepsiCo — The snacks and beverage stock slipped 1% following a downgrade at Morgan Stanley to equal weight from overweight. ASML — Shares slipped 2% after Morgan Stanley downgraded the semiconductor manufacturer to equal weight from overweight. Aptiv — Shares of the automobile technology supplier rose more than 1% after an upgrade to overweight from equal weight at Wells Fargo.
Persons: John Donahue, Elliott Hill, Lennar, LSEG, Donald Trump, MillerKnoll, Tesla, Morgan Stanley, Lee Simpson, Piper Sandler, Chewy, Buddy Chester, CNBC's Michelle Fox, Sarah Min, Jesse Pound, Samantha Subin Organizations: Nike —, FedEx —, Trump Media & Technology, , Constellation Energy, Microsoft, — Auto, Mercedes, General Motors, PepsiCo, Contessa Pharmaceuticals, Valero Energy Locations: China, Wells Fargo
An unlikely technology billionaire could come out on top in the battle of the world's richest a year from now. That briefly positioned Ellison as the richest person in the world behind Musk and ahead of Bezos. This could boost the ex-CEO's fortune by $27.8 billion to $203.9 billion, placing him less than $3 billion behind Ellison in stock value. That could mean a windfall for CEO Huang's stock fortune, lifting his stake by $27.2 billion to $128.7 billion. Musk's Tesla stake could decline nearly 11% to $89.6 billion from roughly $100.3 billion as of Thursday's close.
Persons: Larry Ellison, Jeff Bezos, Elon Musk, Jensen Huang, Ellison, Larry, Kim Forrest, I'm, Amazon's, Tesla Organizations: Oracle, Nvidia, Bokeh Capital Partners, Federal Reserve Locations: Bezos
CNN —On Wednesday, the Federal Reserve cut interest rates for the first time since the early days of the COVID-19 pandemic, slashing its benchmark rate by half a percentage point and signaling more rate cuts by the end of the year. The supply of homes for sale hasn’t kept up with demand as homeowners who locked in ultra-low pandemic-era mortgage rates were less willing to sell their homes in a higher mortgage rate environment. Some experts believe falling rates could entice more homeowners to put their homes up for sale. In the past few months, rates have steadily fallen in anticipation of interest rate cuts. Does the Fed’s recent interest rate cut and the potential for more rate cuts in the future change your outlook as a homeowner or a potential homebuyer?
Persons: hasn’t, Freddie Mac Organizations: CNN, Federal Reserve
Constellation Energy – Shares surged more than 17% after the company announced plans to restart the Three Mile Island nuclear plant and sell that power to Microsoft to satisfy the energy needs of its data centers. ASML – The semiconductor stock slid 3.4% in the wake of a Morgan Stanley downgrade to equal weight from overweight. Morgan Stanley said the risk-to-reward ratio has been "balancing." Centessa Pharmaceuticals – The biotech stock rose more than 4% after Morgan Stanley upgraded it to overweight from equal weight. Valero Energy – The energy stock declined nearly 3% after a Piper Sandler downgrade to neutral from an overweight rating, citing "less room for outperformance."
Persons: Raj Subramaniam, Elliott Hill, John Danahoe, Eli Lilly's orforglipron, Eli Lilly, Vistra, it's, Donald Trump, Lennar, ASML, Morgan Stanley, Piper Sandler, Buddy Chester, Alex Harring, Brian Evans, Samantha Subin, Yun Li, Lisa Kailai Han, Jesse Pound, Michelle Fox Organizations: FedEx, Nike, Constellation Energy, Microsoft, Novo Nordisk –, Deutsche Bank, Corbus Pharmaceuticals, Novo Nordisk's, Viking Therapeutics, Vision, Trump Media & Technology, Pharmaceuticals, Valero Energy Locations: Novo, Texas
With no guarantee she would make the Olympic team, Wieber opted to go pro. The gymnastics performed by the U.S. national team at world championships and the Olympics is called elite gymnastics, which is considerably more difficult than college gymnastics. "What a cool thing for the sport of gymnastics," Wieber said. Leanne Wong on floor on Day 2 of the 2024 U.S. Olympic Team Gymnastics Trials on June 28 in Minneapolis. While many athletes like Wong have benefited from NIL, college coaches nationwide have had to reconstruct their programs to accommodate its inevitable challenges.
Persons: Jordyn Wieber, Wieber, Alexandra Raisman, Jordyn, McKayla Maroney, Kyla Ross, Ronald Martinez, Suni Lee, Jordan Chiles, Jade Carey, Chiles, Carey, It's, Jamie Squire, Samantha Peszek, ” Peszek, they’re, Wieber's, Ross, Stew Milne, ” Ross, Leanne Wong, Wong, Karen Hickey Organizations: Olympic, University of Arkansas, U.S ., Paris Olympics, Team USA, NBC Sports, U.S . Olympic, NCAA, Arkansas, Auburn, Neville Arena, Jan, Getty, University of Florida's Locations: United, London, Tokyo, Paris, Arkansas, Auburn, Ala, Minneapolis
Anna Moneymaker | Getty ImagesThis report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. By contrast, the prevailing sentiment among experts was that a 25-point cut was more likely, according to a CNBC survey. And he was likely aware that a bigger-than-usual cut might connote that the Fed's worried about the economy. "I don't see anything in the economy right now that suggests that the likelihood of a recession, sorry, of a downturn, is elevated," Powell said.
Persons: Jerome Powell, William McChesney Martin Jr, Anna Moneymaker, Jerome Powell's, Powell, , Jeff Cox, Yun Li, Hakyung Kim, Samantha Subin Organizations: Federal, Federal Reserve, CNBC, Dow Jones, Nasdaq Locations: Washington , DC
Check out the companies making headlines in midday trading: Tech stocks — Key tech names rallied a day after the Federal Reserve's supersized rate cut decision. Coursera — The online education platform jumped more than 8% on the back of Bank of America's initiation at a buy rating. Uber shares rose 3%. NextEra Energy Partners — The stock rose more than 3% on the heels of Jefferies initiating coverage with a buy rating. Crypto stocks — Stocks tied to bitcoin's price climbed as the cryptocurrency moved more than 4% higher following the Fed's rate cut on Wednesday.
Persons: Tesla, Meta, Coursera, Uber, DoorDash, Jefferies, Stocks, MicroStrategy, Alibaba, Alex Harring, Samantha Subin, Lisa Kailai Han, Pia Singh, Michelle Fox Organizations: Tech, Federal, Nvidia, Therapeutics, Intel, Bank of, Darden, DoorDash, NextEra Energy Partners, JPMorgan Locations: Mobileye, Olive
Darden Restaurants — Shares advanced nearly 11% after the restaurant operator announced a multiyear partnership with Uber for on-demand delivery later this year. The company reported weaker-than-expected quarterly earnings and revenue, however, as its sales weakened at Olive Garden and its fine dining restaurants. DoorDash — The food delivery stock rose more than 3% after an upgrade to buy from neutral at BTIG. Alibaba – Shares rose more than 4% after the Chinese e-commerce company launched more than 100 open-source artificial intelligence models and a text-to-video tool. FedEx — Shares rose more than 1% ahead of the shipping giant's first-quarter earnings report due after the bell.
Persons: Uber, Jefferies, chipmakers, FactSet, Alibaba, Max, Stocks, bitcoin, — CNBC's Sean Conlon, Alex Harring, Samantha Subin, Jesse Pound, Brian Evans, Sarah Min, Michelle Fox Theobald Organizations: Darden, Olive, NextEra Energy, Nvidia, Arm Holdings, Micron, Micron Technology, FedEx —
Anna Moneymaker | Getty Images News | Getty ImagesThis report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. By contrast, the prevailing sentiment among experts was that a 25-point cut was more likely, according to a CNBC survey. And he was likely aware that a bigger-than-usual cut might connote that the Fed's worried about the economy. "I don't see anything in the economy right now that suggests that the likelihood of a recession, sorry, of a downturn, is elevated," Powell said.
Persons: Jerome Powell, William McChesney Martin Jr, Anna Moneymaker, Jerome Powell's, Powell, Jeff Cox, Yun Li, Hakyung Kim, Samantha Subin Organizations: Federal, Federal Reserve, Getty, CNBC, Dow Jones, Nasdaq Locations: Washington , DC
The Marriner S. Eccles Federal Reserve building in Washington, DC, on June 25. Ting Shen/Bloomberg/Getty ImagesAfter all the hype that’s been brewing for over a year, you might think that once the Federal Reserve finally cuts interest rates the economy will look and feel completely different. Sure, the stock market could have some big swings the second the Fed releases its interest rate decision at 2 pm ET on Wednesday and when Fed Chair Jerome Powell speaks a half hour later. Mortgage rates and the interest rates Americans pay on a variety of loans will quickly drop as well. That’s because when the Fed lowers or raises rates, it takes a while for the full effect of those moves to be felt across the economy.
Persons: Ting Shen, there’s, Jerome Powell, Milton Friedman, Read Organizations: Eccles Federal Reserve, Bloomberg, Federal Reserve, Fed Locations: Washington ,
Police in Michigan are investigating after a car hit and killed a toddler who appeared to have left her home after being put to bed on Friday. According to a statement from the Michigan State Police, a 2-year-old girl “got out of her bed and walked out of the house” while her parents were working around the family’s home in Allen Township, a small community about an hour southeast of Kalamazoo, Michigan. Police were called at 8:20 p.m. about a “car versus pedestrian crash” and found the young child in the road. An autopsy will be performed on the child, Jackson Post Troopers said in the release, and the investigation is ongoing. If anyone has information about the incident, they’re asked to contact Michigan State Police Jackson Post at 517-780-4580.
Persons: , ” Michigan State Police Jackson, wasn’t, they’re, Michigan State Police Jackson Organizations: Michigan State Police, Kalamazoo , Michigan . Police, ” Michigan State Police, Google, VW Jetta, Jackson Post Troopers Locations: Michigan, Allen Township, Kalamazoo , Michigan, Jackson, Mich
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