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They argue that Casey, a middle-of-the-road liberal, had previously not been at the forefront of the populist economic turn in both parties. Casey’s Senate website dedicates an entire page to “greedflation,” which he also discussed at length in his speech at the Democratic National Convention this summer. The core of Casey’s argument is the assertion that, from July 2020 to July 2022, corporate profits rose five times faster than overall inflation. I would concede the economy has gotten better,” said McCormick, who has run an ad to counter Casey on the topic. “If you’re living paycheck to paycheck, you’re still in the grind, and that’s what I think Bob Casey and Kamala Harris do not understand.
Persons: Sen, Bob Casey, , Casey, “ greedflation, , Mike Mikus, ” Dave McCormick, I’m, they’re, they’ve, “ greedflation ”, Joe Biden, Kellogg’s, Clark, Proctor, McCormick, ” Sen, Raphael Warnock, Donald Trump, Maria Collett, greedflation ”, “ It’s, ‘ greedflation, Biden’s, Kamala Harris, Harris, pollsters, you’re Organizations: GOP, Democratic, Republican Senate, Federal Trade Commission, Senate, Gamble, Disney, Convention, Federal Reserve Bank of Kansas, NBC, San Francisco Federal Reserve, The Washington Post, Republican, NBC News, Republicans, ” “, Federal Reserve Locations: , Pennsylvania, Haverford Township, Kimberly, Federal Reserve Bank of Kansas City, U.S
Revenue from obesity treatment Zepbound is forecast to climb to $1.73 billion from $1.24 billion quarter over quarter. For the year, analysts expect Mounjaro sales to reach $4.58 billion, while Zepbound revenue is seen rising to $5.88 billion. The consensus view for combined sales of both drugs now stands at $30.19 billion, according to FactSet. Other key announcements A clinical trial is in progress that pits Zepbound against Novo Nordisk's Wegovy in obesity treatment. Beyond obesity, Lilly has begun treating patients with Kisunla, its Alzheimer's disease treatment.
Persons: Eli Lilly, Lilly, Seamus Fernandez, Morgan Stanley, Terence Flynn, David Risinger, Morgan Stanley's Flynn, Mounjaro, Cantor, Louise Chen, , Fred Imbert Organizations: Investment, Food, Leerink, Novo Nordisk's, FDA, Kisunla Locations: U.S
The Commerce Department is expected to report Wednesday that gross domestic product grew at a hardy 3.1% annualized pace in the third quarter, adjusted for seasonality and inflation, according to the Dow Jones consensus forecast. Along with that, the release is expected to show that inflation moved closer or perhaps even below the Federal Reserve's 2% target. The Fed uses the personal consumption expenditures price index, included in the GDP estimate, as its primary inflation gauge. The report, then, should indicate a solid economy and easing inflation , the latter at least on a relative basis from how things looked a year ago. "Overall, another quarter of above-trend growth and a benign inflation reading will be welcomed by the Fed."
Persons: Dow, Oliver Allen, Allen, nudging, Alice Zheng Organizations: Commerce Department, Fed, Pantheon, stoke, Citigroup, Citi Locations: U.S
Jimmy Just Augustin, who captains the competition’s Kator Blind Football Club, had never even heard of blind soccer before he was introduced to it. He told CNN about what it means to him to set an example for other people with disabilities in South Sudan. The International Blind Sports Association (IBSA) made blind soccer one of its official sports in 1996 and it has been a men’s Paralympic event since 2004. Finding the lightAfter decades of civil war, South Sudan gained independence from Sudan in 2011 following a referendum, making it the world’s newest widely-recognized state. Success at this tournament could potentially give the country a route into the World Blind Football Championships.
Persons: Jimmy Just Augustin, Augustin, “ Messi ” –, , , , , “ I’ve, I’ve, Natalie Plhak, Simon Madol, Madol, it’s Organizations: CNN, NBA, Bright Stars, South Sudan’s Blind Premier League, Light, , Blind Football Club, CNN Sport, University of Juba, Soccer, Blind Sports Association, Argentina, United Nations, UN, Refugee Agency, Displaced, Blind Premier League, Blind Football African Locations: Sudan, South, South Sudan, Burkina Faso, Ethiopia, Kenya, Mozambique, Uganda, Juba, , Spanish, France, Paris, Brazil, Colombia, Africa, Somalia
Bottom line The main part of our AMD thesis — fast-growing sales of its MI300 AI chips — is still on track, so we view the post-earnings pullback as a buying opportunity. Given how integral these AI chips are to AMD's growth, we were pleased management on Tuesday night raised its full-year sales projections to exceeding $5 billion. Another factor: AMD's chips passed some performance milestones with customers, Su said. We believe Su's AI roadmap — outlined at its AI event earlier this month — will lead to significant sales growth in 2025 and thereafter. Quarterly commentary Sales in AMD's all-important data-center segment came in $3.55 billion, exceeding estimates and more than doubling year over year.
Persons: We're, Lisa Su, Su, couldn't pare, Jim Cramer, , Jim Cramer's, Jim Organizations: AMD, Nvidia, Intel, Club, Broadcom, ZT Systems, CNBC, Dell Technologies, Microsoft, Meta, Revenue, Visitors, Congress, Nurphoto, Getty Locations: AMD's, , Shanghai, China
However, on "Mad Money" following the release, Jim said Alphabet delivered an "unambiguously great quarter." Alphabet Why we own it : Alphabet's Google Search is an invaluable tool for advertisers. Revenue for the Google Search, YouTube ads, and Google Network line items totaled $65.85 billion. That was up more than 10% from the year-ago quarter, though it was a slower growth rate than in the second quarter. The company exited the quarter with $93.23 billion in cash, cash equivalents, and marketable securities on its balance sheet.
Persons: It's, Jim Cramer, Jim, it's, Sundar Pichai, We're, Waymo, Anat Ashkenazi, Pichai, Jim Cramer's, Justin Sullivan Organizations: Google, U.S, European, Justice Department, Big Tech, Nvidia, YouTube, Microsoft, Revenue, Google Services, Walmart, Dallas Fort, CNBC Locations: U.S, Dallas, Dallas Fort Worth, Mountain View , California
Bertrand made simple lifestyle changes that she actively enjoyed, which resulted in weight loss. Weight loss drugs including Ozempic have also helped dispel the myth that willpower alone is enough to achieve a healthy weight. She decided that it wasn't, and she would try to lose weight. Bertrand shared the two simple changes she made that led her to lose 75 pounds and keep it off without giving up her favorite foods. When she decided to lose weight, she began to notice how other people ate.
Persons: Alaias Bertrand, Bertrand, Organizations: Service, Michigan State University Locations: Florida
Google's new CFO, Anat Ashkenazi, signaled the company can do more to save money and move faster. She said leaders had done good work cutting costs, and they could "push a little further." Google is ramping up its spending on AI, and Wall Street analysts want more details. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Ashkenazi name-checked Google CEO Sundar Pichai and former CFO Ruth Porat for doing "really good work" in starting to rework Google's cost base.
Persons: Anat Ashkenazi, , Sundar Pichai, Ruth Porat, Ashkenazi, Mark Mahaney, Pichai, Sundar Organizations: Google, Wall Street, Service, BNP
More than a quarter of new code at Google is made by AI and then checked by employees. Google is doubling down on AI internally to make its business more efficient. Business Insider previously reported that Google launched an internal AI model named "Goose." More than a quarter of new code created at Google is generated by AI, said CEO Sundar Pichai on Tuesday during the company's Q3 earnings call. AdvertisementBusiness Insider reported in February that the company had launched a new internal AI model named "Goose" to help employees code and build products.
Persons: , Sundar Pichai, Pichai, Goose Organizations: Google, Business, Service, BI, Company
New data obtained by some lawmakers shows more student-loan borrowers taking advantage of that new process. Elizabeth Warren led some of her colleagues in calling for bolstered outreach on the bankruptcy process. AdvertisementAn updated process for student-loan borrowers to get rid of their debt in bankruptcy court is working, a group of Democratic senators said. Discharging student loans in bankruptcy court has been historically difficult. Lawmakers have also introduced legislation to make the bankruptcy process easier for student-loan borrowers.
Persons: Elizabeth Warren, , Dick Durbin, Sens, Raphael Warnock, Sheldon Whitehouse, Biden, Jerry Nadler, Nadler Organizations: Biden, Service, Business, Justice, Education, Democratic, Justice Department, DOJ, Lawmakers Locations: Sens, House
Apple announces new iMac with M4 chip, starts at $1,299
  + stars: | 2024-10-28 | by ( Kif Leswing | ) www.cnbc.com   time to read: +1 min
Apple on Monday announced an updated iMac with the company's latest M4 chip. Unlike on the iPhone, where only phones released in the past two years will support Apple Intelligence, all of Apple's computers with the M1 chip and newer since 2020 can run the company's artificial intelligence. For example, you might highlight the text of an email and use Apple Intelligence to make it sound more professional or more concise. Apple plans to release another version of Apple Intelligence in December that adds OpenAI's ChatGPT support into writing tools and Siri. It comes with an updated Magic Mouse and Magic Keyboard with USB-C charging, too, replacing the older Lightning port.
Persons: Apple's, Siri, It's Organizations: Apple, Apple Intelligence
He moved to Lisbon in 2023 and started a new company focused on building community. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. AdvertisementThis as-told-to essay is based on a transcribed conversation with Charlie Baron, 30-year-old founder in Lisbon, Portugal, about moving from London. When I moved to Lisbon, I was burned out and lonely from working from home for a tech startup I'd co-founded. Getting investment and finding tech talent in London might have been easier, and it would have been faster to set up a business in London.
Persons: Charlie Baron, , I'd, Tesla, ChargedUp, paddleboarding, He'd, We'd, would've, didn't Organizations: Baron, Service, Loughborough University, Social Locations: London, Lisbon, Portugal, VCs, California, Spain, France, Europe, Rent
I tried to make it work, but I never really felt fulfilled, and I couldn't pinpoint why. At first, that was what slow living was for me—rearranging my days and my life to physically slow down. I started doing YouTube more and my 9-to-5 less until I was able to become a full-time YouTuber. Even though we are now living in the city, I plan to always live a slow living lifestyle. Over time, slow living has transitioned into a whole mindset for me.
Persons: Sophie Daquis, Daquis, , I'd, I've Organizations: Service, Nokia, Habitat, Humanity, YouTube Locations: San Diego, Maui, Hawaii, Lisbon, Portugal
AutoStore , founded in 1996 and listed since 2021 in Norway, provides robots and technology to automate traditional warehouses. The company has grown to control approximately 80% to 90% of the market, according to German investment bank Berenberg. The investment bank initiated coverage with a price target of 15 Norwegian kroner ($1.37), pointing to roughly 50% upside from the current share price level. Analysts at Norway-based Arctic Securities have the most bullish outlook with an 18 Norwegian krone price target, indicating a 78% upside. Instead, they cited media reports that Amazon will likely rely on AutoStore's technology in its grocery rollout in the United States.
Persons: Lasse Stueben, Stueben, Martin Wilkie, Berenberg Organizations: Citi, THG plc, Securities, Big Tech Locations: AutoStore, Norwegian, Norway, Germany, Europe, British, United States
Sam's Club CEO told BI the warehouse club's automation push isn't about wanting to trim its workforce. Sam's Club CEO Chris Nicholas told Business Insider that the company's automation push isn't about trimming the number of employees in stores long-term. That's almost double what a typical club employs, according to Sam's Club. In the low-markup world of warehouse club retail, overall profitability is heavily tied to membership fees. If you are a Sam's Club worker who wants to share your perspective, please contact Dominick via email or text/call/Signal at 646.768.4750.
Persons: Chris Nicholas, , Sam's, That's, Nicholas, that's, We've, we've, Damion Shelton, it's, he's, Dominick Organizations: Sam's, Service, Business, Walmart, Costco, Sam's Club, MIT Locations: Dallas, Grapevine , Texas
The Eagles are healthier at receiver, have a terrific ground game and they’re improving on defense. AdvertisementNguyen: Getting two new coordinators takes some getting used to, but the Eagles look more comfortable both offensively and defensively. Defensively, Vic Fangio’s system is a hard one to learn but the Eagles now look like they’re playing a lot faster. Since the third week of the season, opponents are averaging just 12.8 points per game against Fangio’s defense. Nguyen: Before this week, the Titans were playing like an elite defense but their offense was letting them down.
Persons: Jameis Winston, Jacoby Brissett, outdueling Aaron Rodgers, Jeff Howe, Ted Nguyen, Dan Pompei, Howe, Saquon Barkley, Vic Fangio’s, they’ve, Fangio, Barkley, Nguyen, Winston, Kyle Hamilton, Rashod Bateman, Lamar Jackson, it’s, Derrick Henry, haven’t, Mason Rudolph, Will Levis, Will Levis ’, they’re, Robert Saleh, Aaron Rodgers hasn’t, Ernest Jones, Deandre Hopkins, Will, England’s Jacoby Brissett, Cleveland’s Jameis Winston, Green Bay’s Malik Willis, , Jayden Reed, Willis, Jordan, Reed, Jordan Love, Matt LaFleur’s playcalling, Brissett, Boutte, Andy Lyons Organizations: Cleveland Browns, Baltimore Ravens, New England Patriots ’, New York Jets, Philadelphia Eagles, Athletic NFL, Eagles, Browns, New York Giants, Cincinnati Bengals, Bengals, NFC, NFL, Ravens, Las Vegas Raiders, Cleveland, Dolphins, Tennessee Titans, Titans, Jets, Lions, Jaguars, Packers, Indianapolis Colts, Jordan, Getty Locations: Baltimore, Will Levis, Tennessee
CNN was able to project that Biden would win the election four days after Election Day, on November 7, but counting would continue. That means a blue shift in the popular vote could still occur even if it does not delay figuring out the presidential election results. A person votes early at a polling station in Deland, Florida, on October 21. North Carolina no longer accepts mail-in ballots if they arrive after Election Day. The Center for Election Innovation & Research has a rundown of the various rules and timelines for processing mail-in ballots.
Persons: CNN — It’s, , Donald Trump, Trump, Joe Biden, Phil Mattingly, Biden, CNN’s Marshall Cohen, Hillary Clinton, Miguel J, Rodriguez Carrillo, Brad Raffensperger, Raffensperger, , Jocelyn Benson, Benson, Republican Al Schmidt, George W, Bush, Al Gore, Harris, George H.W, it’s Organizations: CNN, Massachusetts Institute of Technology, Biden, Trump, AFP, Getty, North, Brennan Center for Justice, Georgia, Republican, CBS, Election Innovation, Research, NPR Locations: Arizona , North Carolina , Nevada , Wisconsin , Michigan, Maine, Georgia, Pennsylvania, California, Deland , Florida, North Carolina, Wisconsin, Michigan, , Florida
CNN —Former President Donald Trump and Vice President Kamala Harris have laid out a broad array of ideas aimed at making life more affordable and strengthening the economy, which rank at the top of voters’ concerns. Both Trump and Harris have rolled out pricey provisions without specifying how they would cover the cost. Though his campaign hasn’t released details on the proposal, Trump has indicated that he would eliminate both federal income taxes and payroll taxes, which fund Social Security and Medicare. Around half of beneficiaries – mainly those with higher incomes – pay federal income tax on their Social Security payments. Harris’ plan would also accelerate the speed of Medicare’s drug price negotiations so that the costs of more medications come down faster.
Persons: Donald Trump, Kamala Harris, hasn’t, Harris, Harris ’, Trump, Joe Biden’s, Biden, Sen, JD Vance, Trump’s, ” Harris, USMCA, ” Trump, He’s, Elon Musk, John Deere, ” Vance Organizations: CNN, Trump, Yale University, Security, Social Security, Center, Social, Rescue, Medicare, GOP, Biden, Republican Party, ” Invest, America, Federal Reserve, American Locations: Nevada, Las Vegas, Mexico, Canada, Texas, Florida, Harris, Midwest
I was on board Qatar Airways' first flight featuring Elon Musk's Starlink internet. AdvertisementQatar Airways launched its first flight featuring Elon Musk's Starlink WiFi on Tuesday — and Business Insider was invited to the event. I was flying in the QSuite business class for this media event, but Starlink WiFi is free for passengers in every cabin. By contrast, the Starlink WiFi was as high as 215 megabits — faster than most home internet speeds. Crucially, there's almost no downtime as Starlink operates gate-to-gate, while standard inflight WiFi is only activated at cruising altitude.
Persons: Elon Musk's, , Elon, Starlink cupcakes, Pete Syme, Tom Boon, Thom, laud Organizations: Qatar Airways, Service, Business, Doha's Hamad International Airport, Skytrax, Airlines, United Airlines, Air Locations: Doha's, Qatar, London, Europe, Instagram, Air France, Persian
AdvertisementJohn F. Kennedy International Airport broke ground on a new Terminal One in September 2022. A private consortium is investing $9.5 billion to modernize the new terminal, focusing on safety, efficiency, and the customer experience. New Terminal OneDevelopers hope the future state-of-the-art terminal will become a Skytrax five-star airport terminal — a feat no US airport had achieved until New York's LaGuardia Airport finally ditched its infamous "LaGarbage" nickname with a new and improved Terminal B in 2023. This includes facial recognition boarding, AI-powered gate systems, and air traffic technology to reduce the chance of near misses. If the technology works as promised, I'd look forward to flying through.
Persons: John F, SITA's, Taylor Rains, Taha Zahir, LaGuardia, Zahir Organizations: Kennedy International Airport, Port Authority of New, JFK, Phillippines Airlines, Air, New, Department of Transportation, Business, JFK's, BI, British Airways, Flyers, TSA, Changi Airport, Korean, ADB Locations: York, Port Authority of New York, North America, Air France, Long, London, Changi, NYC's, LaGuardia, Los Angeles
There are only about 370 North Atlantic right whales left. Clearwater Marine Aquarium Research Institute, photographed under NOAA permit #20556The birth of Squilla’s calf was a momentous event for their species, the highly endangered North Atlantic right whale. For decades, North Atlantic right whales were slowly recovering after being devastated by centuries of whaling. PEAK 483 400 North Atlantic right whale population 372 The population has declined by about 23 percent in the last decade, according to estimates. Seventeen North Atlantic right whales would be found dead, about 4 percent of the estimated population.
Persons: Squilla, Marco Hernandez, you’re, , Erin Meyer, Lawrence, hadn’t, Gina Lonati, She’d, Bob Lynch, , Lynch, Amy Knowlton, Patrice McCarron, NOAA Marco Hernandez, lobstermen, Janet Mills, Billy Hickey, The New York Times Sarah Sharp, Dr, Sharp, Cheryl Andrews, it’s, McCarron, Michael Moore, ” Dr, Moore, Caroyln Miller Organizations: Atlantic, Georgia Department of Natural Resources, NOAA, Clearwater Marine Aquarium Research, NOAA Fisheries, University of South, National Oceanic, Atmospheric Administration Fisheries, University of New, University of New Brunswick Saint, Oceans Canada, Aerial Survey, Center for Coastal Studies, for Coastal Studies, New, Maine Lobstermen’s Association, Gov, Vineyard, The New York Times, International Fund for Animal Welfare, Tribe, Oceanographic Locations: Georgia, Atlantic, United States, East, University of South Carolina, New York, New England, Fundy, Canada, Gulf, St, Lawrence, Florida, U.S, University of New Brunswick, University of New Brunswick Saint John, Massachusetts, New Brunswick, Cape Cod, , Maine
This month, Nima became the youngest person to summit all 14 of the world’s highest peaks, but the 18-year-old Nepalese mountaineer is already getting ready for his next big feat. His father, Tashi Lakpa Sherpa, has climbed Everest nine times, and at age 19 became the youngest person to summit without bottled oxygen. His uncle Mingma Sherpa became the first South Asian climber to summit the 14 peaks in 2011. Despite his record-breaking achievement, Nima’s climbs did not attract big-name sponsors, and he relied on his father’s 14 Peaks Expedition company for funds and logistical support. Dawa Yangzum Sherpa became the youngest Nepalese woman to climb the 14 peaks.
Persons: CNN — Nima Rinji, Nima, he’s, Simone Moro –, there’s, ” Nima, Pasang Nurbu, Tashi Lakpa, Mingma Sherpa, , Nima Rinji Sherpa, , Nima Rinji, it’s, Pasang, that’s, Nepalis, Prakash Mathema, Dawa Yangzum Sherpa, Sherpa, Lama, we’ll Organizations: CNN, Mountaineering Federation, Expedition, Getty Locations: Kathmandu, Italian, Mount, AFP, Annapurna, Nanga Parbat, Nepal, Dawa
A report from travel news site Skift shows that seven major airlines have retreated from the country in the past four months. Longer flights require more fuel, which make flights more expensive. "Indeed U.S. carriers are making hard but very commercial decisions to drop Chinese services and redeploy the aircraft elsewhere," he said. China airlines' struggleLow demand has also plagued domestic airlines in China. Collectively, Chinese airlines have increased capacity to Europe, compared to pre-pandemic, even though the market and trade flows were much stronger then, said Grant.
Persons: Nicola Economou, John Grant, Grant, It's, Finnair, bauer, haven't Organizations: FIA, FI, British Airlines, Qantas, Nurphoto, Getty, Virgin Atlantic, Scandinavian Airlines, Boeing, OAG, EU, Aaronp, Cape Town, U.S, CNBC, Air China Locations: China, Asia, Hong Kong, Ukraine, United Kingdom, Russia, — Tokyo, Shanghai, Seoul, Bangkok, Delhi, Singapore, Thailand, Beijing, Cape, Sydney, Australia's, Melbourne, Brisbane, Perth, Hong Kong . U.S, Russian, U.S, Europe, Frankfurt
Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. "So, maybe we hold on, but I've got to tell you, if it gets back to where it was, I've had enough of Honeywell," Jim said. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. 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, Jim, Dover's, They've, I've, Stocks, Jim Cramer's, DOV Organizations: CNBC, Big Tech, Apple, Mobile, Verizon, Amazon, Honeywell, Digital, Colgate, Palmolive, Newell Brands Locations: Dover
Good balance, strength, and a sturdy gait keep us mobile and independent as we age. There are other quick, simple tests you can do at home to help you assess how fit you are for your age. AdvertisementHow long a person can stand on one leg could reflect how well they're aging, according to a study. "If you have poor balance, you're at risk of falling, whether or not you're moving. It's typically used on older adults to test leg strength and endurance, but there's some evidence that it's also useful for measuring athletic performance in younger adults.
Persons: , Kenton Kaufman, Kaufman, Dr, Sara Bonnes, Jennifer Tripkin, Fortune Organizations: Service, Mayo Clinic, PLOS ONE, National Institute, Aging, British, of Sports Medicine, Mayo Clinic study's, Getty, Healthy Longevity Clinic, of Gerontology, Biological Sciences, Center of Healthy Aging, National Council, European Locations: Minnesota
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