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☆ Top Wall Street analysts like these stocks for their growth prospects
▼ + stars: | 2024-10-20 | by ( Tipranks.Com Staff | ) www.cnbc.com time to read: +5 min

To this end, top Wall Street analysts, with their expertise, can help investors understand the key drivers that could support a company's long-term growth and pick stocks that are likely to deliver lucrative returns. Here are three stocks favored by the Street's top pros, according to TipRanks, a platform that ranks analysts based on their past performance. Also, the analyst is confident about his Q4 revenue growth estimate of 12%, given "healthy closure rates and further pipeline building into a seasonally strong 4Q24." The company has been seeing stellar revenue growth rates, driven by robust demand for its advanced GPUs (graphics processing units) in building artificial intelligence models and applications. The analyst thinks that Blackwell's launch and ramp-up are not just near- and medium-term revenue growth drivers, but also key factors that will enhance Nvidia's competitive advantage.

Persons: Cowen, Shaul Eyal, Eyal, TipRanks, Gregg Moskowitz, Microsoft's GitHub, Moskowitz, Goldman Sachs, Toshiya Hari, Hari Organizations: Wall Street, Lacework, Mizuho, Nvidia, Dell, Hewlett Packard Enterprise Locations: billings

☆ Arizona is a top presidential battleground. But the Senate and House races there are taking place in their own universe.
▼ + stars: | 2024-10-19 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Sahil_Hs.Jpg | Sahil Kapur | ) www.nbcnews.com time to read: +6 min

In the House, two Republican congressmen are aiming to fend off a pair of Democratic former state legislators. Seven-term GOP Rep. David Schweikert is seeking to hang on against Amish Shah, a doctor, in the blue-trending Phoenix suburbs after winning by less than 1 point in 2022. And in the Tucson area, freshman Republican Rep. Juan Ciscomani is facing a rematch against Kirsten Engel after previously winning by under 2 points. Arizona’s two highly competitive House racesBoth of these House races are rated as “toss-ups” by the nonpartisan Cook Political Report With Amy Walter. “All four have distinct personalities,” said a Democratic operative working on House races, who spoke candidly on the condition of anonymity.

Persons: Mesa Mayor John Giles, Kamala Harris, Kari Lake, Donald Trump acolyte, Ruben Gallego, “, Donald Trump, ” Giles, hasn’t, David Schweikert, Shah, Juan Ciscomani, Kirsten Engel, Amy Walter, ”, Lake, “ Arizonans, Ciscomani, Blake Masters, Gallego, ” “, Trump, Lake’s, Don, Bacon, Dan Conston, Harris, Sen, John McCain, “ I’ve, I’m, ” Roberta Voss, Eli Crane, Crane, Jonathan Nez, Kevin McCarthy midsession, McCarthy, Marson Organizations: Mesa Mayor, Republican, Democratic, Senate, GOP, Trump, Nebraska Rep, Congressional, Fund, NBC News, Social Security, Navajo Nation, ” Arizona Republican, American Locations: Arizona, Phoenix, Tucson, Omaha, Navajo, ” Arizona

☆ Social Security's retirement trust fund may run out in nine years. Here's how the next U.S. president may address that
▼ + stars: | 2024-10-19 | by ( Lorie Konish | ) www.cnbc.com time to read: +7 min

As more retirees start to claim Social Security, there are not enough workers contributing to the program to make up for that increase in benefit payments. But the trust fund Social Security relies on to pay retirement benefits is projected to be depleted in 2033. watch nowBoth presidential candidates — former president Trump and Vice President Harris — have vowed to protect Social Security benefits. "Seniors should not pay tax on Social Security," Trump wrote on July 31 in all capital letters on social media platform Truth Social. Ending taxes on Social Security benefits would move the insolvency date of Social Security's trust fund closer by over one year, according to the Committee for a Responsible Federal Budget.

Persons: Donald Trump, Kamala Harris, Allison Joyce, —, Donald Trump —, Trump, Harris —, Jason Fichtner, Mike Blake, Howard Gleckman, Gleckman, Harris, Kevin Lamarque, Joe Biden, Biden, Governor Walz, Mia Ehrenberg Organizations: Art House Theatre, Bloomberg, Getty, Social Security Administration, Democratic, Republican, Social, Social Security, CNBC, Center, Alliance, Lifetime, Income, Trump, Reuters, ABC, Finance, Urban, Brookings Tax, Brookings, U.S, Union, Employers, Center for Economic, Research, Washington Democrats Locations: Fayetteville , North Carolina, Coachella , California, U.S, Detroit , Michigan

☆ A Telegram group posted what it calls 'highly classified' US documents about Israel's attack plans
▼ + stars: | 2024-10-19 | by ( Katie Balevic | Lloyd Lee | ) www.businessinsider.com time to read: +3 min

A Telegram group posted what it says is leaked US intel on Israel's attack plans against Iran. AdvertisementA Telegram channel posted what it says are "highly classified" US intelligence documents analyzing Israel's plans to attack Iran. The region is bracing for an expected Israeli attack on Iran. Israeli officials have said it plans to retaliate for Iran's October 1 missile attack. The US announced this month it would send troops along with "a Terminal High-Altitude Area Defense (THAAD) battery" to Israel in response to Iran's attack.

Persons: —, Hassan Nasrallah, Sean McFate, Benjamin " Bibi, Biden, Bibi, McFate Organizations: intel, Middle East Spectator, Service, East Spectator, Zionist, Department of Defense, Business, US, Defense, Syracuse University Locations: Iran, Islamic Republic of Iran, Israel

LAS VEGAS — GOP candidate Sam Brown spent Thursday’s Nevada Senate debate taking shots at Democratic Sen. Jacky Rosen, as he still faces a polling deficit with Election Day creeping nearer. In contrast, Rosen spent the evening focusing largely on her own track record and roots in Nevada, hoping to stay above the fray and ride her polling lead. “It’s interesting that Senator Rosen would mention a desire to want to fine greedy corporations,” said Brown. And when moderators asked Rosen and Brown if Congress should do an independent investigation into UFOs, Rosen answered the question. Fearing that such rights could be undone in the future, reproductive rights advocates garnered enough signatures this summer to put on the ballot a measure to enshrine abortion rights into their state’s constitution.

Persons: Sam Brown, Democratic Sen, Jacky Rosen, Brown, Rosen, ”, ” “, “, Donald Trump’s, “ I’m, ” Brown, she’s, That’s, Amy Brown, “ Nevadans, I’ve Organizations: VEGAS, GOP, Thursday’s, Democratic, Nevadans, Senate, NBC News, Las Locations: Thursday’s Nevada, Washington ,, Nevada, Texas

☆ Mountain West commissioner says she’s heartbroken over turmoil surrounding San Jose State volleyball
▼ + stars: | 2024-10-18 | by ( Associated Press | ) edition.cnn.com time to read: +5 min

Las Vegas AP —Mountain West Conference Commissioner Gloria Nevarez said Thursday the forfeitures that volleyball teams are willing to take to avoid playing San Jose State is “not what we celebrate in college athletics” and that she is heartbroken over what has transpired this season surrounding the Spartans and their opponents. Four teams have canceled games against San Jose State: Boise State, Southern Utah, Utah State and Wyoming, with none of the schools explicitly saying why they were forfeiting. You just don’t let it happen.”After Trump’s comment, San Diego State issued a statement that said “it has been incorrectly reported that an San Diego State University student-athlete was hit in the face with a volleyball during match play with San Jose State University. “We’re a volleyball team that wants to compete and get better,” he said after Thursday night’s loss in Albuquerque, New Mexico. Nevada released a statement acknowledging that “a majority of the Wolf Pack women’s volleyball team” had decided to forfeit against San Jose State.

Persons: Gloria Nevarez, ” Nevarez, Donald Trump, ” Trump, ”, ’, Nevarez, “, it’s, Jon Newman, Gonchar, Todd Kress, ” Kress Organizations: Las Vegas, Mountain West, San Jose, ”, Spartans, San, MWC, Associated Press, GOP, Fox News, San Diego, San Diego State University, San Jose State University, Air Force Locations: San Jose State, Boise State , Southern Utah , Utah State and Wyoming, Nevada, Southern Utah, . New Mexico, Idaho , Nevada , Utah, Wyoming, San Diego State, ” San Jose State, Las Vegas, New Mexico, Albuquerque , New Mexico, Albuquerque, “, Reno

☆ Fact check: Debunking Trump’s October lying spree about immigration
▼ + stars: | 2024-10-18 | by ( Daniel Dale | ) edition.cnn.com time to read: +23 min

Harris’ approach to the border: Trump falsely claimed of Harris: “She was saying the other day, ‘Yes, oh yes, we want to have a border.’ The first time she ever said it. The legal status of immigrants in Springfield: Trump falsely claimed, “They just dropped 30,000 illegal aliens in Springfield, Ohio.”This is false in more than one way. And while there is no official tally of the number of immigrants in Springfield, Trump’s “30,000” figure exceeds local estimates. More about immigrants in Springfield: Trump claimed that immigrants in Springfield are on “probation,” and he added, “Probation is for prisoners.” This is false in two ways. The word “caravan”: Talking about migrant caravans, Trump repeated his false claim that he invented the term: “The caravan.

Persons: Donald Trump, Kamala Harris ’, Harris, Trump, Joe Biden, ”, ” Biden, Alejandro Mayorkas, Biden, ” Harris, didn’t, “, ‘, it’s, –, Kamala Harris, It’s, Hurricane Helene, Hurricane Milton, ” James Hathaway, that’s, they’re, “ That’s, Ohio Sen, JD Vance, Trump’s, Mike DeWine, Vance, Chris Cook, ” Roberto Briceño, ” Trump, ” Helen Fair, hasn’t, Mike Coffman, ” Coffman, They’ve, Honduras –, Barack Obama, Obama’s, Harris “, Aaron Reichlin Organizations: Washington CNN, White, Homeland, Trump, Biden, Department of Homeland Security, ICE, Immigration, Customs, FEMA, Federal Emergency Management Agency, Congress, House Republicans, Refugee, Asylum, University of Michigan, UN, YES, ” Republican Ohio Gov, New York Times, US, “, CNN, Venezuelan, of, . Migrants, Democratic, Institute for Crime & Justice, Research, Birkbeck , University of London, Republican Aurora, Central, Customs Enforcement, El Salvador, Homeland Security, American Immigration Council, ICE hasn’t Locations: El Salvador, Guatemala, Honduras, United States, Texas, Arizona, Afghanistan, ”, That’s, Mexico, U.S, Springfield , Ohio, Univision, Springfield, Ohio, “, Cuba, Vietnam, Hungary, Czechoslovakia, Lebanon, Venezuela, Caracas, Congo, Democratic Republic of Congo, Republic of Congo, United Kingdom, Colorado, Venezuelan, Aurora, America

☆ As nervous investors worry about the presidential election, public debt is a top concern financial advisors say
▼ + stars: | 2024-10-18 | by ( Lorie Konish | ) www.cnbc.com time to read: +3 min

- | Afp | Getty ImagesMany investors worry about how the outcome of the presidential election will impact their investments. But there's another risk financial advisors are focused on — public debt, according to a new survey from Natixis Investment Managers. The term public debt is used interchangeably by the U.S. Treasury with national debt and federal debt. Experts say there are certain moves individual investors can make to limit the financial exposure they have to those broader risks. For investors who worry the country's debt may lead to slow growth, it can help to add international exposure to a portfolio, Cheng said.

Persons: —, they're, Dave Goodsell, Marguerita Cheng, Cheng, Goodsell, Bonds, Barry Glassman, Glassman, Roth, Pare Organizations: Elena Bozeman Government, Afp, Getty, Natixis Investment, Natixis Center, Investor Insight, U.S, Treasury, Social Security, Blue, Global Wealth, CNBC FA Council, Wealth Services, CNBC FA Locations: Arlington , Virginia, U.S, Gaithersburg , Maryland

☆ Tech is 'increasingly foundational' to a country's global influence: US Ambassador at Large
▼ + stars: | 2024-10-18 | 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 EmailTech is 'increasingly foundational' to a country's global influence: US Ambassador at LargeNathaniel Fick, U.S. Ambassador at Large for Cyberspace & Digital Policy, talks about cybersecurity and growing risks in the age of generative AI.

Persons: Nathaniel Fick Organizations: Tech, Cyberspace, Digital

☆ U.S. deficit tops $1.8 trillion in 2024 as interest on debt surpasses trillion-dollar mark
▼ + stars: | 2024-10-18 | by ( Jeff Cox | ) www.cnbc.com time to read: +2 min

The Biden administration rang up a budget deficit topping $1.8 trillion in fiscal 2024, up more than 8% from the previous year and the third highest on record, the Treasury Department said Friday. Even with a modest surplus in September, the shortfall totaled $1.833 trillion, $138 billion higher than a year ago. The deficit came despite record receipts of $4.9 trillion, which fell well short of outlays of $6.75 trillion. Government debt has swelled to $35.7 trillion, an increase of $2.3 trillion from the end of fiscal 2023. Interest expense for the year totaled $1.16 trillion, the first time that figure has topped the trillion-dollar level.

Organizations: Biden, Treasury Department, Social Security, Treasury, Congressional, Office

☆ Battle of the billionaires: Harris deploys Mark Cuban as Elon Musk stumps for Trump
▼ + stars: | 2024-10-17 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Alex-Seitz-Wald-Circle-Byline-Template.Jpg | Alex Seitz-Wald | ) www.nbcnews.com time to read: +8 min

The Grinch is the one that's going to be putting these small business out of business." Unlike Musk, who has donated nearly $75 million and counting to Trump-aligned groups, Cuban is not a political donor. Ben Wikler, Wisconsin's Democratic Party Chair, praised Cuban's "talents" and said he has credibility to reach voters on business and economic issues. But I trust her.”None of this, however, is unfamiliar territory for Cuban, who played a similar role in 2016 for Clinton’s ultimately unsuccessful campaign against Trump. Before that campaign, Trump and Cuban had a hot-and-cold relationship.

Persons: Elon Musk, Donald Trump, Kamala Harris, Mark Cuban, Hillary Clinton, Cuban, Harris, Doug Emhoff, Harris —, —, He’s, Kamala, Trump, Zoe Lofgren, Ben Wikler, Cuban's, Wikler, Jim Watson, Musk, ” Cuban, Chuck Todd, “, Elon, ‘ There’s, ”, Theo Von’s, Diddy, knifed Trump, I’d, Von, Clinton’s, Clinton, Stephen Colbert’s, “ Donald, Gennifer, ” Trump, Bill Clinton, — Trump, Mandel Ngan, Jeff Hauser, Lina Khan, Alexandria Ocasio, “ Harris ’ Organizations: Elon, IGN, Cuban, Venture, SpaceX, Trump, Commission, Equis Research, Wisconsin's Democratic Party, Getty, NBC News, NBA, Dallas Mavericks, Democrats, “ Major League Baseball, Security and Exchange Commission, SEC, Fox News, Department of Health, Human Services, Federal Locations: Wisconsin, Phoenix, Michigan, La Crosse , Wisconsin, Pennsylvania, AFP, Cuban, United States, Harris, Alexandria, Cortez

WASHINGTON — Kamala Harris’ campaign will launch a new television ad Thursday aimed at linking the three words the vice president has used to describe Donald Trump lately — unhinged, unstable and unchecked — with the policy implications voters might see if the former president returns to office. The Harris campaign has increasingly sought to link Trump’s recent behavior and comments with questions about his mental acuity and refusal to release recent medical records. “One has to ask, what is Donald Trump trying to hide? Earlier this month, the Harris campaign unveiled a digital ad slamming vice presidential nominee J.D. Trump’s campaign responded to the ad by saying that he is a “plain speaker” who talks about issues like the economy and immigration.

Persons: WASHINGTON — Kamala Harris ’, Donald Trump, Trump, Harris, ” Harris, Ronny Jackson, ”, “, that’s, J.D, Vance, Kamala Harris, Brian Hughes Organizations: NBC, GOP, Trump, Republican, Democratic Locations: ”

☆ Kamala Harris defends her economic plan and insists she won't be more of Joe Biden in a tense interview with Fox News
▼ + stars: | 2024-10-17 | by ( Brad Davis | ) www.businessinsider.com time to read: +3 min

Host Bret Baier pressed Harris on a survey in which respondents said the US was on the wrong track. Harris touted her economic plans and said her presidency wouldn't be a continuation of Joe Biden's. AdvertisementKamala Harris faced off with Fox News host Bret Baier on Wednesday — and things got tense quickly. Harris said Trump's economic plan would "ignite inflation" and lead to a recession by the middle of next year. Related storiesBaier, who hosts "Special Report with Bret Baier," again cited the poll and pushed Harris to explain how she'd be different from Biden.

Persons: Kamala Harris, Bret Baier, Harris, wouldn't, Joe Biden's, —, Baier, Donald Trump, he'd, what's, Joe Biden, I'm, Harris didn't, Trump Organizations: Fox News, Service, Biden, Marquette Law, Trump, Republicans Locations: Mexico

☆ China-led regional group calls for countering protectionist policies, sanctions
▼ + stars: | 2024-10-17 | by ( ) www.cnbc.com time to read: +1 min

The Chinese national flag flies outside the Ministry of Foreign Affairs in Beijing on July 26, 2023. A China-led 10-state regional group criticized what it called protectionist trade measures on Wednesday, part of an intensifying standoff between Beijing and Western countries over tariffs on Chinese products. The Shanghai Cooperation Organization, a Eurasian security and political group, also hit out at "unilateral sanctions" as member states Iran and Russia face curbs on trade. The statement said that the 10 member states, represented by seven prime ministers, "consider it important to continue joint efforts to counter protectionist trade measures that are contrary to WTO rules." Beijing has termed the moves discriminatory, and responded with similar actions as the standoff intensifies.

Organizations: Ministry of Foreign Affairs, Shanghai Cooperation Organization, European Union Locations: Beijing, China, Western, Iran, Russia, Islamabad, India, Pakistan, United States, Canada

More significant to the political dynamics at play, however, is how the civilian overseas vote has eclipsed military voters abroad. “As it turns out, there are more overseas civilian voters than there are military voters,” said Michael McDonald, a University of Florida political science professor. GOP congressmen suing their own stateIn the Pennsylvania case, the dispute is over how overseas ballots are being vetted. Democrats, who intervened in the case, argue that the Republican lawmakers’ request could disenfranchise “tens of thousands” of overseas voters, including those in uniform. “Our lawsuit does not in any way affect military voters’ right to vote, which is protected by federal law under UOCAVA.

Persons: Kamala Harris, Donald Trump, Jocelyn Benson, they’ve, ”, it’s, Michael McDonald, Research he’s, Martha McDevitt, Pugh, McDevitt, who’ve, Michael Whatley, Benson, ” Patrick Gannon, “, it’d, we’re, Joe Biden’s, ’, disenfranchise, Pat Ryan, Lloyd Austin, Trump, ” Ryan, Ryan, ” Claire Zunk, ” McDevitt, they’re Organizations: CNN, Democrats, Commission, Republican, Michigan, ”, Republican National Committee, Republicans, Trump, Democratic, Overseas Citizens, EAC, University of, Research, North, RNC, North Carolina Board of, Elections, Social Security Locations: Pennsylvania, North Carolina, Michigan, Detroit, Harrisburg, University of Florida, Maine, Colorado, ”, New York, Iraq

☆ America's chipmaking push will continue no matter who gets elected
▼ + stars: | 2024-10-17 | by ( Jacob Zinkula | ) www.businessinsider.com time to read: +9 min

US efforts to produce semiconductor chips will continue regardless of who wins the election. AdvertisementNo matter who wins the presidential election this November, President Joe Biden can rest easy knowing one thing: The US's chip manufacturing push isn't going anywhere. The US has seen its share of overall chip production fall from 37% of the world's supply in 1990 to 12%. While many factories remain under construction, the federal funding has already helped boost US chip production. According to a report published last year by the trade and lobbying group Semiconductor Industry Association and Oxford Economics, the US semiconductor industry will face a shortage of 67,000 workers by 2030, including technicians, computer scientists, and engineers.

Persons: Harris, Trump, —, Joe Biden, Biden, Kamala Harris, Donald Trump, Stephen Ezell, Anna Kelly, Kelly, Arizonans, Chris Miller, Mark Muro, Dylan Patel, SemiAnalysis, Ezell, Muro Organizations: Service, Trump, Information Technology, Innovation Foundation, ITIF's Center for Life Sciences, Biden, Republican, Intel, American Enterprise Institute, Brookings Metro, Apple, Nvidia, Democratic, Semiconductor Industry Association, Oxford Economics Locations: Arizona, USA, China, Taiwan

☆ AI helped Uncle Sam catch $1 billion of fraud in one year. And it’s just getting started
▼ + stars: | 2024-10-17 | by ( Matt Egan | ) edition.cnn.com time to read: +4 min

New York CNN —The federal government’s bet on using artificial intelligence to fight financial crime appears to be paying off. The Treasury Department credited AI with helping officials prevent and recover more than $4 billion worth of fraud overall in fiscal 2024, a six-fold spike from the year before. US officials quietly started using AI to detect financial crime in late 2022, taking a page out of what many banks and credit card companies already do to stop bad guys. The Treasury’s use of AI to fight financial crime is just getting started. Officials are testing new data sources to better spot fraud and shady payments, and they are teaming up with state agencies to fight unemployment insurance fraud.

Persons: That’s, “ It’s, Renata Miskell, ” Miskell, it’s, It’s, Janet Yellen, Yellen, Miskell, ” Organizations: New, New York CNN, US Treasury Department, CNN, Treasury, Treasury Department, Social Security, Internal Revenue Service, Juniper Research Locations: New York, Hong Kong

The costs of caring for ill and aging loved ones don’t show up on store shelves, but they’re front and center for voters like Sharon Zimmer. Chuck and Sharon Zimmer. If we’re looking at child care, we’re being biased if we’re not looking at elder care. Kelsey Flock, Aging and Disability Resource Center, La Crosse County, Wis.Coverage gaps like these are widespread, said David Grabowski, a professor of health care policy at Harvard Medical School. While the child care affordability crisis has gained more attention, including in the 2024 campaign, experts say elder care issues have flown comparatively under the radar.

Persons: Sharon Zimmer, Zimmer, Chuck Zimmer, ”, Sharon —, Kamala Harris, Sharon, Chuck, Harris, she’d, Donald Trump, Kelsey Flock, they’re, ” Flock, ” Trump, aren’t, Shekinah Fashaw, Walters, David Grabowski, Joseph Gaugler, “ It’s Organizations: U.S, AARP, Democratic, Republican, Aging, La, “, Trump, Social Security, University, Pennsylvania’s Perelman, of Medicine, Medicaid, Resource, Harvard Medical School, Center, Healthy Aging, University of Minnesota’s School of Public Health Locations: Onalaska , Wisconsin, Onalaska, “, La Crosse County , Wisconsin, La Crosse County, Wis

☆ Security threats to AI models are giving rise to a new crop of startups
▼ + stars: | 2024-10-16 | by ( Sri Muppidi | ) www.businessinsider.com time to read: +5 min

The hazards against AI models and the data that train them are growing in the age of large language models. What's emerged is a growing group of startups aimed at tackling security threats related to AI. Credo AI, which has raised $41.3 million in total funding, is an AI governance platform that helps companies adopt AI responsibly by measuring and monitoring its risks. Pappu added that customers may not be aware that the shared information may also be used to train broader AI models. AdvertisementTo address the growing number of security concerns in AI, startups are now applying continuous monitoring to the space.

Persons: —, Ashish Kakran, What's, Kakran, that's, Narayana Pappu, Pappu, Arvind Jain, Lauri Moore, Moore, Arvind Ayyala, Ayyala Organizations: Companies, Service, Thomvest Ventures, Attackers, Bessemer Venture Partners, Haize Labs, Evolution Equity, Moore Strategic Ventures

☆ Here's why the U.S. retirement system isn't among the world's best
▼ + stars: | 2024-10-16 | by ( Greg Iacurci | ) www.cnbc.com time to read: +3 min

"I think [a C+ grade] would describe a rating where there is a lot of room for improvement," said Christine Mahoney, global retirement leader at Mercer, a consulting firm. 29 out of 48 global pension systems in 2024, according to the annual Mercer CFA Institute Global Pension Index , released Tuesday. The U.S. system is often referred to as a three-legged stool, consisting of Social Security, workplace retirement plans and individual savings. Employers aren't required to offer a retirement plan like a pension or 401(k) plan to workers. American workers can withdraw their 401(k) savings when they switch jobs, for example.

Persons: Christine Mahoney, doesn't, Mercer, Mahoney, it's, Graham Pearce, Pearce, David Blanchett Organizations: Mercer, Natixis Investment Management, U.S, Mercer CFA, Global, Social Security, Employers, U.S . Bureau of Labor Statistics, Finance, Research Locations: Netherlands, Iceland, Denmark, Israel, Mercer, Singapore, Australia, Finland, Norway, U.S

☆ Cramer says the semiconductor sell-off shows AI chips are undervalued by investors
▼ + stars: | 2024-10-16 | by ( Julie Coleman | ) www.cnbc.com time to read: +1 min

CNBC's Jim Cramer critiqued Tuesday's massive semiconductor sell-off, saying some on Wall Street don't recognize the lasting importance of advanced graphics chips for artificial intelligence, especially ones from Nvidia . Semiconductor companies saw their stocks plummet on Tuesday after ASML posted a disappointing quarter a day earlier than expected. Cramer pointed out that the one bright spot in ASML's poor report was its sales of chips related to AI. And according to Cramer, AI is a large part of the reason companies continue to invest heavily in nuclear power. "In fact, it's only gonna increase, especially when tech companies and utilities are furiously trying to put up nuclear power plants to meet the energy demands of Nvidia's chips."

Persons: CNBC's Jim Cramer, ASML, Cramer Organizations: Nvidia, " Semiconductor, Devices, Broadcom, Big Tech Locations: Dutch

☆ Civil suits against Sean ‘Diddy’ Combs are mounting. This could be bad for his criminal case, experts say
▼ + stars: | 2024-10-16 | by ( Elizabeth Wagmeister | ) edition.cnn.com time to read: +7 min

Federal prosecutors have accused Combs of orchestrating a “criminal enterprise” through his business empire that engaged in sex trafficking, forced labor, kidnapping and decades of physical abuse against women, among other allegations. In the month since Combs was arrested, eight additional civil lawsuits have been filed against him with allegations of sexual assault. A source familiar with parts of the federal investigation said that new accusers and witnesses have met with federal agents since Combs’ arrest. Video Ad Feedback Federal prosecutors discuss the arrest of Sean "Diddy" Combs. Combs’ attorneys did not respond to specific allegations in the latest lawsuits, but denied the accusations, telling CNN that Combs maintains his innocence.

Persons: Sean “ Diddy ” Combs, “, Combs, Arun Subramanian, ”, didn’t, Jennie Wang VonCannon, ” Wang VonCannon, Crowell, Damian Williams, Emily Johnson, Sean, Diddy, Tony Buzbee, Cassie Ventura, Ventura, Buzbee, San, Andrew Van Arsdale, Mr, Frazer Harrison, Wang VonCannon, CNN’s Kara Scannell Organizations: CNN, US, Southern, of, Department of Homeland Security, Hamptons, Getty Locations: Brooklyn, Houston, San Diego

We've put together everything you need to know about how to watch India vs. New Zealand, with a focus on affordable live streaming options. ET / 5 a.m. BST / 12 p.m. AWSTHow to watch Pakistan vs. England in the USThe Pakistan vs. England test matches will be available to watch through Willow in the US. You can also get it as a part of a month-to-month live TV package, including Sling TV. Sling also occasionally offers free cricket live streams (including coverage of the ongoing ICC Women's T20 World Cup), although you'll need to subscribe for the India vs. New Zealand test series. Sling TV Subscription For just the essentials without any extra fluff, Sling TV is the streaming service you're looking for.

Persons: We've, we've, Sling's Desi, ExpressVPN Organizations: Business, New Zealand, Chinnaswamy, team, ICC, South, Sri, Sling, England Locations: India, New, Bengaluru's, Zealand, Pakistan, South Africa . New Zealand, Sri Lanka, New Zealand, England

☆ Intel is a security risk for China, says influential industry group
▼ + stars: | 2024-10-16 | by ( ) edition.cnn.com time to read: +3 min

Beijing Reuters —Intel products sold in China should be subject to a security review, the Cybersecurity Association of China (CSAC) said on Wednesday, alleging the US chipmaker has “constantly harmed” the country’s national security and interests. “It is recommended that a network security review is initiated on the products Intel sells in China, so as to effectively safeguard China’s national security and the legitimate rights and interests of Chinese consumers,” CSAC said. Last year, CAC barred domestic operators of key infrastructure from buying products made by US memory chipmaker Micron Technology Inc (MU) after deeming the company’s products as having failed its network security review. A similar security review on Intel products could negatively impact the company’s revenues, over a quarter of which came from China last year. “This poses a great security threat to the critical information infrastructures of countries all over the world, including China … the use of Intel products poses a serious risk to national security,” CSAC said.

Persons: ” CSAC, ”, Dan Coatsworth, AJ Bell Organizations: Beijing Reuters, Intel, Cybersecurity Association of China, Cyberspace Administration of China, CAC, Micron Technology Inc, Washington, US National Security Agency, NSA, Nvidia Locations: Beijing, China

☆ Hong Kong leader announces measures to address housing crisis in annual policy address
▼ + stars: | 2024-10-16 | by ( Dylan Butts | ) www.cnbc.com time to read: +3 min

Hong Kong Chief Executive John Lee Ka-chiu delivers his annual policy address at the Legislative Council on Oct. 16, 2024, in Hong Kong. Hong Kong chief executive John Lee announced moves aimed at addressing the city's housing affordability crisis, calling it "an issue of great public concern" in an annual policy address on Wednesday. Under the plan, the Hong Kong Housing Authority will allocate an extra ballot number to applicants aged below 40 — a move that will increase their chances of being selected for the city's subsidized Home Ownership Scheme flats. He also said the government expects to complete about 9,500 new public housing units next year, moving toward a goal of completing about 30,000 units by 2027-2028. The current wait time for a public housing unit in Hong Kong is 5.5 years.

Persons: John Lee Ka, chiu, John Lee, Hong Kongers, Lee Organizations: Legislative, Hong, Hong Kong Housing Authority Locations: Hong Kong, Hong Kong . Hong Kong

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