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☆ Citi names 'underappreciated' AI stock as a top pick — giving it 25% upside
▼ + stars: | 2024-10-16 | by ( Ganesh Rao | ) www.cnbc.com time to read: +3 min

Citi has named Pegasystems one of its new top picks, citing an "underappreciated" artificial intelligence story and attractive valuation. The Wall Street bank has set a target price of $92 for Pegasystems, representing a potential 25% upside from its current trading price of around $73.50. Pegasystems, an enterprise software firm, has seen its stock price surge by over 50% year-to-date, outperforming the broader iShares Expanded Tech-Software Sector ETF , which is up nearly 14% this year. Citi analysts view this development as a catalyst for the stock to rise. On a fundamental level, Citi's analysts also believe that Pegasystems' unique approach to artificial intelligence, particularly its "blueprint" strategy, sets it apart from competitors, calling it an "underappreciated gen AI story."

Persons: PEGA, Pegasystems, Appian, Steven Enders, George Kurosawa, JMP, — CNBC's Michael Bloom Organizations: Citi, Software, Appian Corporation, Virginia, Wall, Revenue Locations: Massachusetts

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Persons: —, I've, you've, it's, doesn't Organizations: Business, Service Locations: Maui, tiptoe

☆ Giant tube worms found living beneath the ocean’s floor
▼ + stars: | 2024-10-16 | by ( Ashley Strickland | ) edition.cnn.com time to read: +8 min

CNN —Scientists have uncovered communities of animals such as tube worms and snails living in volcanic caves beneath the seafloor, revealing a previously unknown but thriving ecosystem. An eelpout swims by a tower of tube worms at the Tica Vent, a hydrothermal vent site on the East Pacific Rise. Tube worms are immobile creatures that settle and grow in one place without moving, like barnacles. A large cluster of stationary tube worms thrives at the Fava Flow Suburbs, a site on the East Pacific Rise. Researchers use a robotic arm to lift a small portion of volcanic rock to verify that life exists beneath the ocean floor.

Persons: “, ”, Dr, Sabine Gollner, Gollner, ” Gollner, Monika Bright, ” Bright, Alex Rogers, Rogers, It’s, ” Rogers, Mónika Naranjo, Shepherd Organizations: CNN —, Central America, Nature Communications, Royal Netherlands Institute for Sea Research, Ocean Institute, Schmidt Ocean, University of Vienna, Ocean Locations: Central, limnology, ”

☆ Once derided by Trump as a ‘mouthpiece’ for the left, a changed Univision softens its tone
▼ + stars: | 2024-10-16 | by ( Hadas Gold | ) edition.cnn.com time to read: +11 min

Trump ejected Ramos from a press conference after the journalist confronted him over his immigration policy. In 2020, the Trump campaign derided Univision as “a mouthpiece” for the Democratic Party. A group of influential Latino organizations penned an open letter expressing “deep concern” over the Trump interview. Acevedo’s interview with Trump was the first time in 22 years a current or former Republican president sat with the network for an interview. Wade Davis, Univision’s CEO until last month, defended Univision’s approach in a memo shortly after the Trump interview last year.

Persons: Donald Trump, Kamala Harris, Trump, ”, Jorge Ramos, Ramos, “, Harris, Enrique Acevedo, ” Ramos, ” Acevedo, Acevedo, Joe Biden, Jill Biden, Antony Blinken, “ Jorge, hasn’t, Alfonso de Angoitia Noriega, Bernardo Gomez Martinez, it’s, Joaquin Blaya, ” Daniel Coronell, Mike Madrid, Madrid, Wade Davis Organizations: New, New York CNN, Univision, Republican, CNN, Trump, Miss, Democratic Party, behemoth Televisa, Washington Post, “, Televisa, CBS News, Mar, New York Times, GOP, Grassroots Lab, Fox News, FOX, ”, Fox Deportes Locations: New York, Miami, Spanish, Mexican, Mexico, Washington, Lago, United States, ” Madrid, Madrid

Nearly two dozen family members will hold a news conference outside the Clara Shortridge Foltz Criminal Justice Center in downtown L.A. at 1 p.m. PT Wednesday. It was not clear whether Gascón, a progressive who is running for re-election, plans to appear outside the courthouse. The Menendez brothers are “cautiously optimistic” about the prosecutors’ review, Geragos told NBC Los Angeles on Tuesday. Erik and Lyle Menendez were found guilty 28 years ago and sentenced to life in prison without parole. The family members slated to speak at Wednesday’s news conference include Anamaria Baralt, niece of José Menendez; Joan Anderson VanderMolen, sister of Kitty Menendez; Karen VanderMolen, niece of Kitty Menendez; and Brian A. Anderson Jr., nephew of Kitty Menendez.

Persons: Erik, Lyle Menendez’s, Clara Shortridge Foltz, Mark Geragos, Rosie O’Donnell, George Gascón, José, Mary Louise “ Kitty ” Menendez, Menendez, Geragos, Lyle Menendez, Lyle, Erik Menendez, Ryan Murphy, Anamaria Baralt, José Menendez, Joan Anderson VanderMolen, Kitty Menendez, Karen VanderMolen, Brian A, Anderson Jr, O’Donnell, Kim Kardashian, “, ”, Gascón, Nathan Hochman, Laurie Levenson, ” Levenson Organizations: Clara Shortridge Foltz Criminal, Center, PT, NBC Los, Beverly, Netflix, NBC, Loyola Law School Locations: Los, L.A, Angeles County, NBC Los Angeles

After a four-year hiatus, the wings, walks and women of the Victoria’s Secret Fashion Show will return Tuesday for the company’s 2024 show in New York City. “The Victoria’s Secret Fashion Show is BACK and will reflect who we are today, plus everything you know and love—the glamour, runway, wings, musical entertainment, and more! “I mean, like, ‘cray cray,’ as in ‘cray cray good.’”Who is performing? For the first time, Victoria's Secret said, its show will feature an all-women lineup, which will be headlined by Cher. “It’s a woman’s world, so it’s understood that you can’t have a fashion show without the mother of fashion herself—@Cher!” Victoria’s Secret wrote on Instagram last month.

Persons: Ed Razek, We’ve, “, Tefi Pessoa, Olivia Culpo, ”, Victoria's, Gigi Hadid, Mayowa Nicholas, Barbara Palvin, Behati Prinsloo, Jasmine Tookes, Adriana Lima, Ashley Graham, Paloma Elsesser, Devyn Garcia, Tyra Banks, ” Graham, It's, Palvin, Banks, cray, ’, Cher, —, Instagram, Lisa, Tyla Organizations: New York Times, L Brands, Amazon Prime Locations: New York City

☆ North Korea blows up parts of inter-Korean road on its side of border, South says
▼ + stars: | 2024-10-15 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms | ) www.nbcnews.com time to read: +1 min

SEOUL, South Korea — North Korea has blown up sections of an inter-Korean road on its side of the heavily militarized border between the two Koreas, South Korea’s Joint Chiefs of Staff said Tuesday. At around midday, some parts of the road north of the military demarcation line dividing the countries were blown up, the Joint Chiefs of Staff said in a message sent to media. Yonhap / via ReutersSouth Korea’s military had ramped up surveillance and its readiness in response, it said. A spokesman for the South’s Joint Chiefs of Staff declined on Monday to answer questions over whether the South Korean military or civilians had flown the alleged drones. DPRK is short for the Democratic People’s Republic of Korea, North Korea’s official name.

Persons: Kim Jong Un, KCNA Organizations: South Korea’s, Chiefs, Staff, Joint Chiefs, Reuters South, South’s, South Korean, DPRK, Democratic People’s Locations: SEOUL, South Korea, North Korea, South, Paju, Seoul, Pyongyang, Democratic People’s Republic of Korea, North

☆ Tokyo Metro's IPO could drive momentum in the Japanese market as Chinese listings dry up
▼ + stars: | 2024-10-15 | by ( Sonia Heng | In Sonia-Heng | ) www.cnbc.com time to read: +3 min

Tokyo Metro's initial public offering could drive momentum in the Japanese market and attract more companies into the country, analysts said, as China continues to lose steam. In Japan's biggest IPO in six years, Tokyo Metro raised 348.6 billion yen ($2.3 billion) after pricing its shares at 1,200 yen apiece, according to the company's regulatory filing on Tuesday. "I think both the Tokyo government as well as the Ministry of Finance, obviously, won't want the IPO to fail." Hyundai India also started taking orders for its $3.3 billion IPO in Mumbai this week, in a deal set to become the country's biggest listing. When asked if he thinks Tokyo Metro and Hyundai India's listings will open the floodgates for more activity, he said, "I do."

Persons: Mio Kato, CNBC's, Kato, Dealogic, Ringo Choi, Choi, — CNBC's Dylan Butts Organizations: Tokyo Metro, Japan's, Reuters, Tokyo Stock Exchange, LightStream, Ministry of Finance, NASDAQ, Hyundai, EY's Locations: Tokyo, China, Asia, Pacific, India, Japan, Hyundai India, Mumbai, EY's Asia

☆ Trump backs out of CNBC interview, his second about-face with mainstream press this month
▼ + stars: | 2024-10-15 | by ( Liam Reilly | ) edition.cnn.com time to read: +2 min

New York CNN —Donald Trump has backed out of an interview with CNBC, marking the second time this month the former president has canceled on a mainstream press interview. “Well, Trump canceled, and he was going to come on,” he said. A CNBC spokesperson did not immediately respond to a CNN request for comment. “Trump bailed on the debate because Kamala Harris would hold him accountable (again),” Charles Kretchmer Lutvak, a Harris campaign spokesperson, said via X on Tuesday. “Trump bailed on 60 Minutes because he was afraid to answer real questions.”“Now, Trump bailed on Joe Kernan [sic] because he can’t even talk to his best friend on TV,” Lutvak wrote.

Persons: Donald Trump, Joe Kernen, ”, Kernen, Kamala Harris, “ she’s, ” Kernen, “, they’re, Scott Pelley, Trump, “ Trump, ” Charles Kretchmer Lutvak, Harris, Joe Kernan, ” Lutvak, Bret Baier Organizations: New, New York CNN, CNBC, Trump, CNN, CBS, ’, Fox News, Real America’s Voice, Univision Locations: New York, Trump, Michigan

☆ Walgreens is closing 1,200 stores
▼ + stars: | 2024-10-15 | by ( Nora Redmond | ) www.businessinsider.com time to read: +2 min

Walgreens to close 1,200 stores in the US over the next three years. AdvertisementUS pharmacy giant Walgreens announced Tuesday that it will close 1,200 stores across the US over the next three years as part of its turnaround effort; 500 locations will close next year. CEO Tim Wentworth told analysts on the firm's quarterly earnings call in June that "changes are imminent" for the 25% of Walgreens stores that were underperforming. The news of 1,200 closures came as the firm announced its fourth-quarter and full-year results for fiscal 2024, reporting a $3 billion loss during the quarter. Along with closing unprofitable stores, the pharmacy chain is also dialing back investments in its primary care clinics — VillageMD — as part of its plan to cut costs.

Persons: —, Tim Wentworth, VillageMD Organizations: Walgreens, Service, SEC, UBS

☆ Chip firm ASML shares plunge 15% after warning of weaker China sales in early release
▼ + stars: | 2024-10-15 | by ( Ryan Browne | ) www.cnbc.com time to read: +2 min

Nurphoto | Nurphoto | Getty ImagesShares in semiconductor equipment maker ASML fell 15.6% Tuesday after the Dutch company published disappointing sales forecasts in results a day early. ASML said it expects net sales for 2025 to come in between 30 billion euros ($32.72 billion) and 35 billion euros, at the lower half of the range it had previously provided. Net bookings for the September quarter came in at 2.6 billion euros ($2.83 billion), the company said — well below the 5.6 billion euro LSEG consensus estimate. Net sales, however, beat expectations coming in at 7.5 billion euros. In its June-quarter earnings presentation, the Dutch company said that 49% of its sales come from China.

Persons: ASML, Christophe Fouquet, AMSL ASML, Roger Dassen, Dassen Organizations: Nurphoto, Getty, Nvidia, Devices, Broadcom, Wall Street Locations: China, U.S

☆ Kylian Mbappé’s representative says legal action ‘will be taken’ against Swedish media over rape allegations
▼ + stars: | 2024-10-15 | by ( George Ramsay | Saskya Vandoorne | ) edition.cnn.com time to read: +3 min

The press release provided by the Swedish prosecutors did not identify any specific individuals. “A new slanderous rumor is starting to set the web ablaze, originating from the Swedish media AFTONBLADET and EXPRESSEN,” Mbappé’s representative told CNN on Tuesday through a public relations firm. Kylian Mbappé will not tolerate under any circumstances that his integrity, reputation and honor be tarnished by unfounded insinuations. She said he went to training on Tuesday and described the Frenchman as being “absolutely calm” despite the accusations. According to AFP, Mbappé traveled to Stockholm last week and spent Thursday and Friday in the Swedish capital.

Persons: Kylian Mbappé, Prosecutors, ”, ” Mbappé’s, Marie, Alix Canu, Bernard, Frenchman, Bernard said, “, Mbappé, CNN’s Henrik Pettersson, Jill Martin, David Close, Patrick Sung Organizations: CNN, SVT, RMC, RMC Sport, TF1, Real, UEFA Nations League, Israel, Belgium, Real Madrid, AFP Locations: Swedish, Stockholm, Canu, ”, Real Madrid, France’s

☆ NFL Power Rankings Week 7: How good are Ravens, Lions? Plus more big questions
▼ + stars: | 2024-10-15 | by ( Josh Kendall | ) www.nytimes.com time to read: +26 min

Baltimore Ravens (4-2)Last week: 3Sunday: Beat Washington Commanders 30-23One Big Question: Which Raven is the MVP frontrunner? Detroit Lions (4-1)Last week: 6Sunday: Beat Dallas Cowboys 47-9One Big Question: Was Sunday a good day or a bad day? (Brian Fluharty / Imagn Images)Last week: 4Sunday: Beat New England Patriots 41-21One Big Question: Can Tank Dell step up? Washington Commanders (4-2)Last week: 5Sunday: Lost to Baltimore Ravens 30-23One Big Question: Is this a new-and-improved Kliff Kingsbury? (Jim Dedmon / Imagn Images)Last week: 10Sunday: Beat Carolina Panthers 38-20One Big Question: Are the Falcons good?

Persons: We’re, Sam Darnold, Darnold, Kevin O’Connell, Watson, Lamar Jackson, Derrick Henry, Adrian Peterson, Aidan Hutchinson, Hutchinson, Dallas, Jared Goff, Smith, Schuster, hasn’t, Xavier Worthy, Adams, Amari Cooper, Dell, Nico Collins, Brian Fluharty, Collins, Kliff, Will, Jayden Daniels, Romeo, Josh Allen, Allen, Bijan Robinson, Jim Dedmon, Kirk Cousins, Drake London, Kyle Pitts, Will Christian McCaffrey, That’s, Ricky Pearsall, McCaffrey, Jordan Mason, Mike Evans, Evans, Larry Fitzgerald’s, Dobbins, Justin Herbert, Cole, Caleb Williams, Cole Kmet, Scott Daly, Kmet, ColeKmet, m., Gian, ove, Y, ake, Ma, ros, uka, Kup, Tua, Nick Saba, “The, Mike McDa, Levi, oda, Netw, ong, lea, Caro, Shad Khad, fini, ”, Kev, Stef, lev, Zac, Goff, Ron J enk Organizations: NFL, Ravens, Lions, Vikings, Jets, Detroit Lions, Browns, Baltimore Ravens, EPA, Tampa Bay Buccaneers, Beat Dallas Cowboys, Cowboys, Minnesota Vikings, Chiefs, San Francisco 49ers, Texans, New England Patriots, Patriots, Dell, Houston, AFC, Green Bay Packers, Washington, Arizona Cardinals, Arizona, Carolina Panthers, Beat Arizona Cardinals, Packers, Colts, Titans, Rams, Cardinals, Houston Texans, Beat New York Jets, Tennessee Titans, Falcons, Beat Carolina Panthers, NFC, Carolina, Panthers, Seattle Seahawks, Beat Seattle Seahawks, 49ers, NFL Network, Kansas City Chiefs, Beat New Orleans Saints, Bucs, Beat Denver Broncos, Chargers, The Broncos, Beat Jacksonville Jaguars, J, ppl, ams, Nac, cAf, oun, ard, ust Locations: Weeks, Kliff Kingsbury ? Washington, TruMedia, Kingsbury, Baltimore, Atlanta, Seattle, Tampa Bay, J.K, Chicago, London, agen

☆ We're about to enter the Digital Dark Ages
▼ + stars: | 2024-10-15 | by ( Adam Rogers | ) www.businessinsider.com time to read: +11 min

Without laborious renaming, everything behind those links — billions of them, a decade of digital content — will become inaccessible. We're about to enter the Digital Dark Ages. The Department of Veterans Affairs is legally required to preserve all medical records for 75 years after the death of a vet — but it's having problems, in part because of a balky digital records system. "Over the long term, you can't preserve a digital object in its original form," says Manoff, the former MIT librarian. The Dark Ages, as historians used to call the early centuries of medieval Europe, lasted for 500 years.

Persons: Mark Graham, Graham, we're, Marlene Manoff, Loren McClenachan, McClenachan, we'd, Adam Rogers Organizations: Google, Companies, of Alexandria, New York Times, Pew Research Center, Gawker, Los Angeles Herald Examiner, New York Newsday, Paramount, MTV, Comedy, Yahoo Groups, Yahoo, Facebook, Penguin, AOL, Prodigy, Department of Veterans Affairs, Wayback, Wayback Machine, MIT Libraries, Scripps Institution of Oceanography, MIT, Business Locations: Friendster, Key West , Florida, Europe

☆ We're adding to a tech stock that's been on our shopping list since last week
▼ + stars: | 2024-10-15 | by ( Jeff Marks | ) www.cnbc.com time to read: +2 min

Following the trade, Jim Cramer's Charitable Trust will own 575 shares of AMD, increasing its weighting to 2.70% from 2.35%. We also liked how she raised AMD's total addressable market forecast for AI chips to over $500 billion by 2028. As for fellow Club stock Nvidia , it's always good to remember that demand is so strong that its chips are on allocation. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

Persons: Jim Cramer's, We've, Lisa Su's, Biden, it's, Jim Cramer, Jim Organizations: AMD, Bloomberg News, Nvidia, Microsoft, Club, CNBC

☆ Watch Tuesday's full episode of Fast Money — October 15, 2024
▼ + stars: | 2024-10-15 | 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 EmailWatch Tuesday's full episode of Fast Money — October 15, 2024"Fast Money" is America's post-market show. Hosted by Melissa Lee and a roundtable of top traders, "Fast Money" breaks through the noise of the day, to bring you the actionable news that matters most to investors.

Persons: Melissa Lee

☆ Bob Woodward issues a stark warning on Trump weeks from Election Day
▼ + stars: | 2024-10-15 | by ( Peter Bergen | ) edition.cnn.com time to read: +17 min

As has been the case for previous Woodward books, those who don’t come out well from his reporting publicly dismiss it. Woodward notes that neither Biden nor Trump spoke to him for this book, but he still got great access. It’s clear from a close reading of “War” that almost every top national security official in the Biden administration spoke with him. The Biden administration has halted the shipment of massive 2,000-pound bombs to Israel, but otherwise, the large flow of American weapons to the Jewish state continues. Coats told Woodward, “It’s still a mystery to me how he deals with Putin and what he says to Putin.

Persons: Bob Woodward, Woodward, ”, Donald Trump, Vladimir Putin, Trump, Putin, Joe Biden, Barack Obama, “, Barack, ” Putin, Biden, CNN’s Jim Sciutto, it’s, Bush, ” Woodward, Robert Woodward, Nixon, Richard Nixon, … Trump, ” Biden, Bill Burns, Burns, Eric Green, Green “, ” Green, Here’s, Vadim Ghirda, Russia ”, Benjamin Netanyahu, Brendan Smialowski, Yahya Sinwar, Netanyahu, ” —, ” Netanyahu, Antony Blinken’s, Blinken, hasn’t, Kamala Harris, Defense Lloyd Austin, Jake Sullivan, Harris, “ Tell Bibi, Anna Moneymaker, Joe, “ Bibi, Dan Coats, Coats, “ It’s, …, ” Trump Organizations: CNN, Washington Post, New York Times, Trump, White, Biden, United Nations, Pentagon, CIA, National Security, NATO, Ukraine, Turks, Russia, West Bank, Gaza Health Ministry, Israel, UN, Getty, Hamas, US, Brown University, Defense, ”, Prince George’s Community College, Intelligence Locations: Russian, Ukraine, Crimea, Afghanistan, Gaza, Russia, Woodward, Kyiv, Sweden, Finland, Kursk, Israel, Lebanon, Syria, Yemen, Tel Aviv, AFP, Iran, Rafah, Largo , Maryland, Scranton, Delaware

☆ A second Sphere venue announced, this one for Abu Dhabi
▼ + stars: | 2024-10-15 | by ( Marnie Hunter | ) edition.cnn.com time to read: +2 min

Abu Dhabi is set to become the next location to showcase multimedia entertainment in the unique spherical structure, the Sphere Entertainment Co. and Abu Dhabi tourism officials announced on Tuesday. The planned venue aligns with the capital of the United Arab Emirates’ Tourism Strategy 2030 aimed at “further establishing Abu Dhabi as a vibrant hub for culture and innovation,” said H.E. Mohamed Khalifa Al Mubarak, chairman of the Department of Culture and Tourism Abu Dhabi, in a news release. The partnership for the second installment, between Abu Dhabi tourism officials and Sphere Entertainment, is “subject to finalization of definitive agreements,” the news release said. It would involve a “franchise initiation fee” paid to Sphere Entertainment for the right to build the venue.

Persons: ”, Mohamed Khalifa Al Mubarak, we’re, ” Al Mubarak, CNN’s Brandon Griggs Organizations: CNN, Sphere Entertainment, United, Department of Culture, Abu Dhabi’s Department of Culture, Tourism Locations: Abu Dhabi, United Arab Emirates, Tourism Abu Dhabi, Las Vegas, Vegas

☆ Prague bans bar crawls to discourage ‘drunk’ tourists
▼ + stars: | 2024-10-15 | by ( Francesca Street | ) edition.cnn.com time to read: +2 min

CNN —Prague, a city as famous for its beer as its historic architecture, is set to ban late-night bar crawls, seeking to end its reputation as a party destination. Prague’s deputy mayor, Jiri Pospisil, said the city wants to discourage tourists who come “for a short time only to get drunk” in favor of “a more cultured, wealthier tourist,” according to the AFP news agency. The news, announced on Monday, follows complaints from residents in Prague 1, the city’s historic district – home to the UNESCO-protected Old Town Square, Prague Castle and the Charles Bridge – over noise caused by rowdy pub crawls. Prague joins many cities across Europe that have been pushing back against tourists in recent months. Officials in Venice, Italy recently limited tour group sizes to 25 people and banned megaphones, while Barcelona’s mayor plans to end apartment rentals for tourists by 2028.

Persons: Jiri Pospisil, Zdenek Hrib, Charles, Vaclav Starek, Starek, ” Simon Old, ” Organizations: CNN —, AFP, UNESCO, Czech Association of Hotels, Brits, stags, ”, CNN Travel Locations: CNN — Prague, Czech, Prague, Europe, Venice, Italy

☆ Election prediction markets are in a sprint to prove themselves as forecasting and investing tools
▼ + stars: | 2024-10-15 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +7 min

"Things were going okay before the election contracts, but since we put them on the platform there's been a lot more interest," Sanders said. The election contracts on each site are binary, and they pay out $1 if the correct outcome is chosen and $0 for the incorrect outcome. A fifth arena, Polymarket, is a blockchain-based prediction platform that is not open to U.S. customers. If they prove to be accurate over time, the prediction markets may also serve non-traders such as consultants and fundraisers who want to glean more insight into the election. Concerns More ominously, critics of the election markets have raised alarm that they could be moved by one or two big traders for possibly nefarious purposes.

Persons: politicos, Kalshi, Steven Sanders, Sanders, John Phillips, Phillips, Tarek Mansour, Bob Elliott, Ray, Elliott, Polymarket, Nikki Haley, Michelle Obama, Matt Thompson, Thompson, Koleman Strumpf, Cantrell Dumas, Dumas, PredictIt's Phillips, Strumpf, Mansour, We've Organizations: Wall, Interactive, Futures Trading Commission, CFTC, Kalshi, Funds, Bridgewater Associates, South Carolina Gov, Republican, Little Harbor Advisors, Wake Forest University, Better, CNBC, Wake Locations: Iowa, Winston, Salem, N.C, Susquehanna

☆ Apple hits an all-time high as new smartphone data sides with the bulls in a sea of negativity
▼ + stars: | 2024-10-15 | by ( Morgan Chittum | ) www.cnbc.com time to read: +5 min

Shares hit an all-time high Tuesday despite a chorus of recent concerns from Wall Street analysts about demand for the new artificial intelligence-enabled iPhone 16. Apple Intelligence is the company's new suite of generative artificial intelligence tools due out later this month. Available for preorder now, the tablet has a processor capable of supporting Apple Intelligence. Big picture The IDC data comes as many on Wall Street express skepticism around sales for the new iPhone 16 lineup. Apple CEO Tim Cook inspects the new iPhone 16 during an Apple special event at Apple headquarters on September 09, 2024 in Cupertino, California.

Persons: Morgan Stanley, Apple's, Popal, swoon, Jim Cramer, Jim, Jim Cramer's, Tim Cook, Justin Sullivan Organizations: Apple, Wall Street, International Data Corporation, IDC, Samsung, Apple Intelligence, JPMorgan, Barclays, Bank of America, Club, Nvidia, U.S, CNBC Locations: U.S, Cupertino , California

☆ Taboola is looking to compete with Google and Facebook for small-business clients using a new generative AI tool for ad campaigns
▼ + stars: | 2024-10-15 | by ( Lara O'Reilly | ) www.businessinsider.com time to read: +4 min

The tool was built using OpenAI's GPT-4o and data input from years of Taboola ad campaigns. They've maxed out Google and Facebook, not because their threshold for margin is tapped, but the way most spend on Google and Facebook, they will spend, and spend, and spend, and they stop because it gets expensive," Singolda said in an interview. Singolda said Abby was designed to help Taboola bring on more advertisers and tackle the onboarding process. And Taboola itself already offers an AI tool called Maximize Conversions that automates its clients' ad bidding strategies. Advertisement"I don't see generative AI tools as likely to drive near-term adoption of new ad platforms among SMBs," Lipsman said.

Persons: Abby, Taboola, —, Adam Singolda, Singolda, Publicis, Andrew Lipsman, Lipsman Organizations: Service, BBC, CBS, Yahoo, Apple News, Business, Google, Facebook, Big Tech, Omnicom, WPP

Black men have historically voted overwhelmingly for Democratic candidates, with turnout typically lagging that of Black women but consistent nonetheless. Even a relatively small drop in support from Black men for Harris could be significant given the razor-thin margins in battleground states. “Black men prioritize being the primary breadwinners of the household and care about real wages and permanent jobs. The Harris campaign also plans to ramp up its programming specifically designed to engage Black men. This week, it is set to partner with Black male celebrities, influencers and activists to hold “Black Men Huddle Up” events in battleground states, NFL and NCAA watch parties that will double as an avenue for Black men to discuss the stakes of the election.

Persons: Kamala Harris ’, ”, Michael Tyler, Harris, Walz, ” Harris, Cedric Richmond, Joe Biden, Donald Trump, Barack Obama, “, ” Obama, “ I’ve, Black Republicans pounced, chastising, ” Sen, Tim Scott, Obama, They’ve, Obama’s, ” “, ’, Trump, “ Obama, Kamala, Black, Lil Wayne, ” Janiyah Thomas, Byron Donalds of, Wesley Hunt, Scott, That’s, Leo Smith, She’s, ” Smith, Harris ’, Brian Kemp, Stacey Abrams, Omar Ali, surrogates, Dilawar Syed, ” Ali, Ali, Roland Martin, Justin Carter, Stephen Jackson, Matt Barnes, Jermaine Dupri, John Legend, Magic Johnson, we’ve, ” Johnson Organizations: Republicans, Democratic, Black, Trump, New York Times, Siena, Howard University, Black Republicans, Democratic Party, Democrat Party, NBC News, Biden, and, Georgia Republican Gov, Small Business Administration, NBA, “, NFL, NCAA Locations: Pittsburgh, Atlanta, Byron Donalds of Florida, Wesley Hunt of Texas, Cognac, Charlotte , North Carolina, Georgia, campaign’s Georgia, Greenville , North Carolina, Milwaukee, Flint , Michigan

The United States announced it is sending an advanced anti-missile system and a number of troops to Israel, deepening America's involvement in the spiraling conflict as the region readies for Israeli retaliatory strikes against Iran. The Terminal High Altitude Area Defense, known as THAAD, usually requires about 100 troops to operate, and has six truck mounted launchers, with eight interceptors on each launcher, as well as a powerful radar. Retired Brigadier General Zvika Haimovich, former head of the Israeli Air Defense, said Israel expected even an bigger barrage of missiles from Iran in "the next phase," after Tehran fired more than 180 missiles at Israel on Oct 1. But the presence of U.S. equipment and troops inside Israel would deepen the nation's involvement in the crisis. The arrival of THAAD and U.S. support might ease the burden on Israel's defense system, but Israel's latest reliance on its allies for protection may also speak to the cracks in its often impenetrable armor.

Persons: General Zvika Haimovich, Israel, THAAD, ” Haimovich, Amir Levy, Haimovich, ”, Abbas Araqchi, ” Araqchi, Fawaz, Joe Biden, Biden Organizations: United, Iran, Area Defense, Israeli Air Defense, NBC, London School of Economics, NBC News Locations: United States, Israel, Iran, Tehran, Israeli, U.S, THAAD

☆ Man posed as utility worker charged with murder over home invasion as police hunt second suspect
▼ + stars: | 2024-10-14 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Patrick-Smith-Circle-Byline-Template.Jpg | Patrick Smith | ) www.nbcnews.com time to read: +4 min

Carlos Jose Hernandez, 37, from Dearborn, Michigan, was arrested in Louisiana and charged with felony murder and two counts of unlawful imprisonment, Oakland County Sheriff's Office said Sunday. Doorbell camera footage of Carlos Jose Hernandez and another man wearing masks and yellow fluorescent vests. Oakland County Sheriff's OfficeThe man who was killed was named as Hussein Murray, 72. "She was actually in the kitchen area, she was able to get free enough to be able to get that phone," Oakland County Sheriff Michael Bouchard told NBC News. "This was a gruesome attack on an elderly couple in their home,” Oakland County Prosecutor Karen McDonald said.

Persons: Carlos Jose Hernandez, Hernandez, Hussein Murray, Murray's, Murray, Oakland County Sheriff Michael Bouchard, Bouchard, Karen McDonald, “ Organizations: Oakland County Sheriff's, Sheriff's, Oakland, Oakland County Sheriff, NBC News, Energy, Police, DTE Energy, imposters Locations: Michigan, Dearborn , Michigan, Louisiana, Oakland County, Rochester Hills, Detroit, Shreveport , Louisiana, Caddo Parish, Arkansas, Ohio, Oakland

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