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☆ These 5 portfolio stocks outperformed the market's incredible run since our September Monthly Meeting
▼ + stars: | 2024-10-16 | by ( Morgan Chittum | ) www.cnbc.com time to read: +6 min

We did hold onto our rate-sensitive names like Wells Fargo and Morgan Stanley , which were among the best performers since the last Monthly Meeting. Morgan Stanley: 16.2% Following the Fed's decision, shares advanced as investors became more optimistic about a soft landing for the U.S. economy. Morgan Stanley benefits from lower rates — and, in turn, a better economy — because it can usher in more Wall Street dealmaking such as initial public offerings and mergers and acquisitions. That's because the Club has been debating exiting Morgan Stanley altogether for a potentially better investment banking rebound play like Goldman Sachs. Morgan Stanley reiterated its buy-equivalent rating on Oct. 10, arguing that Eaton has a positive setup into earnings season.

Persons: It's, Wells, Morgan Stanley, Morgan, Goldman Sachs, Morgan Stanley's, Salesforce, Marc Benioff, Piper Sandler, Guggenheim, Meta, Eaton, Jim Cramer's, Jim Cramer, Jim, Angela Weiss Organizations: Dow Jones Industrial, Dow, Procter, Gamble, Meta, Fed, Northland Capital Markets, UBS, Citigroup, Analysts, JPMorgan, Jim Cramer's Charitable, CNBC, Traders, New York Stock Exchange, AFP, Getty Locations: U.S, Wells Fargo, Salesforce, Eaton, Tuesday's, Northland

☆ Tostitos and Ruffles shrank their bags of chips. It backfired
▼ + stars: | 2024-10-16 | by ( Nathaniel Meyersohn | ) edition.cnn.com time to read: +3 min

The owner of Lay’s, Doritos, Tostitos and Ruffles chips will put more chips in some bags to claw back customers tired of higher prices with skimpier bags. A PepsiCo spokesperson told CNN that Tostitos and Ruffles “bonus” bags will contain 20% more chips for the same price as standard bags in select locations. PepsiCo is also adding two additional small chip bags to its variety-pack option with 18 bags, the spokesperson said. It’s a reversal of years of shrinking bags of Tostitos, Ruffles and other chip brands. Snack prices have gone up more rapidly than other store items.

Persons: “, Ramon Laguarta, Edgar Dworsky, Dworsky, ” Dworsky, PepsiCo’s, Chip, Robert Moskow, Cowen, Moskow, Joe Biden, General Mills, shrinkflation, Domino’s, Sandeep Reddy Organizations: New, New York CNN, PepsiCo, CNN, Walmart, Costco, Bank of America, Bureau of Labor Statistics, Consumers, General, ” Locations: New York, United States, outpacing, Mondelez

☆ How the world’s largest tech event is forging a future AI economy
▼ + stars: | 2024-10-15 | by ( ) edition.cnn.com time to read: +6 min

A next generation agendaGITEX GLOBAL will span 40 halls across two locations, bringing together the entire international technology community to set the global agenda for the future AI economy. With the global AI market projected to reach $2.7 trillion by 2032, the event will showcase the latest advancements driving this remarkable growth. GITEX GLOBAL 2024 AGENDA MONDAY: TECH INVESTMENT DAY - Explore the latest investment trends that are reshaping global wealth. In addition, the World Future Economy Digital Leaders Summit will see global innovators and influential leaders address critical priorities shaping the future of technology. By bringing together diverse stakeholders from across the globe, the event is poised to shape the future of the AI economy and reinforce Dubai’s vision of becoming a global tech hub.

Persons: Martin Pfeiffer, Fabrizio del Maffeo, Alexander Zhavoronkov, Dr, Diane Janosek, Brett Johnson, Ekaterina Serban, Surinder Organizations: Dubai World Trade, Dubai Harbour, TECH, Tech, Google, Huawei, IBM, Microsoft, Nvidia, Oracle, European NVIDIA, ”, InSilico, supercomputing, UAE Cybersecurity Council, TCB, National Security Agency, Pentagon, Bosch, Paramount Locations: Dubai, European, Hong Kong

☆ We should be learning from Chinese EV players, not shutting them out of Europe — auto bosses say
▼ + stars: | 2024-10-15 | by ( Tom Carter | ) www.businessinsider.com time to read: +5 min

European car CEOs criticize EU tariffs on Chinese EVs, urging learning from rivals. AdvertisementEuropean car bosses have a solution to the Chinese EV invasion — if you can't beat them, at least learn from them. In an interview with Bloomberg on Monday, de Meo declined to comment on the EU's prospective tariffs on Chinese automakers. Stellantis has partnered with Chinese EV firm Leapmotor, which has given it exclusive rights to sell Leapmotor's EVs outside of China. "We need to understand where the Chinese automakers are strong, and through our investment in Leapmotor we have a perfect transparent understanding of what makes the difference.

Persons: —, Stellantis, Oliver Zipse, BYD, Luca de Meo, de Meo, Henry Ford, Carlos Tavares, Tavares Organizations: Leapmotor, Service, Paris, BMW, European Union, Mercedes, EU, Renault, Fiat, Citroen, Bloomberg, EV, Jeep, Business Locations: China, Europe, Germany, Paris, United States, Leapmotor

☆ 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

☆ From swimming cars to rectangular steering wheels, here's what's going on at the Paris auto show
▼ + stars: | 2024-10-15 | by ( Sam Meredith | In Samuelmeredith | ) www.cnbc.com time to read: +1 min

PARIS, France — Auto giants have descended on the Paris Motor Show to showcase their latest concepts and production models, jostling to capture the public's attention with eye-catching designs and futuristic technologies. The pressure on European automakers is poised to ratchet up even further next year when emissions-reduction targets come into force. It is hoped that the Paris Motor Show can prove to be something of a turning point for Europe's auto industry, with many rolling out affordable EVs in an attempt to keep up with their Chinese competitors. The automaker welcomed visitors — including French President Emmanuel Macron — to take a close look at its Hypersquare steering wheel. Peugeot said the steering wheel's rectangular shape, which resembles a video game controller, will be in production from 2026.

Persons: Emmanuel Macron — Organizations: France — Auto, Paris, Volkswagen, BMW, Peugeot Locations: PARIS, France

☆ Most adults agree: Ban phones in schools. But that's the easy part — social media is the harder question.
▼ + stars: | 2024-10-15 | by ( Katie Notopoulos | ) www.businessinsider.com time to read: +5 min

A new Pew study says nearly 70% of adults agree that schools should ban phones during class. But the broader topic of social media and its effects on teen mental health is still being debated. The US Surgeon General recently suggested social media should come with a warning label for teens. AdvertisementResearch on social media and teen mental health isn't always clearOn the other hand, the argument that social media and phone use are causing a mental health crisis for teens is not as clearly a slam-dunk case. Consider a very recent kerfuffle: A researcher published a meta-analysis of studies on what happens when teens quit social media and suggested that Haidt's research was flawed.

Persons: —, shouldn't, they've, there's, Jonathan Haidt's, Banning, Haidt, Mark Zuckerberg, they're Organizations: Service, Pew Research Center, National Education Association, Meta, US, Big Tech Locations: Oxford

☆ New dating apps and social-networking startups are gaining steam. Read pitch decks 6 used to raise millions of dollars.
▼ + stars: | 2024-10-15 | by ( Sydney Bradley | ) www.businessinsider.com time to read: +3 min

New social-networking and dating startups are coming onto the scene. Here are the pitch decks six startups used while raising Series A and seed rounds. Founders of these startups are tackling problems like loneliness, dating app fatigue, and general dissatisfaction with the current social-media incumbents. Meet 7 VC investors eyeing new social startupsBI spoke with several social-media and dating app founders about how they are raising capital — including the pitch decks they used to raise millions of dollars. Read the pitch decks that helped 6 social-networking and dating startups fundraise millions of dollars:Note: Pitch decks are sorted by investment stage and size of round.

Persons: —, Isabella Epstein's, Tiffany, Daybreak Ventures Rex Woodbury, Catalyst, Mervana Parekh, It's, Marlon Nichols Organizations: Service, IRL, Big Tech, Daybreak Ventures, Business, Tinder, Acrew, Mac Venture

☆ Why Big Tech is turning to nuclear to power its energy-intensive AI ambitions
▼ + stars: | 2024-10-15 | by ( Ryan Browne | ) www.cnbc.com time to read: +1 min

Technology giants are turning to nuclear energy to power the energy-intensive data centers needed to train and run the massive artificial intelligence models behind today's generative AI applications. Microsoft and Google are among the firms agreeing deals to purchase nuclear power from certain suppliers in the U.S. to bring additional energy capacity online for its data centers. This week, Google said it would purchase power from Kairos Power, a developer of small modular reactors, to help "deliver on the progress of AI." Google said its first nuclear reactor from Kairos Power would be online by 2030, with more reactors going live through 2035. The tech giant isn't the only firm looking to nuclear power to realize its AI ambitions.

Persons: Michael Terrell Organizations: Technology, Microsoft, Google Locations: U.S, Pennsylvania

☆ 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

☆ This Chinese EV maker is up for a battle with Elon Musk in China
▼ + stars: | 2024-10-15 | by ( Tom Carter | ) www.businessinsider.com time to read: +4 min

Chinese EV startup Xpeng is relishing the prospect of testing its tech against Tesla. Like other Chinese EV companies, Xpeng is blocked from entering the US market by tariffs. Meanwhile, Tesla has been trying to get approval to sell its autonomous driving tech in China. It will face brutal competition in China, with many EV makers marketing their own autonomous driving systems. Xpeng has enjoyed booming sales in China's red-hot EV market in recent months, posting record monthly deliveries in September.

Persons: Tesla, —, Xpeng, Brian Gu, Elon Musk's, Joe Biden, Gu, Xiaopeng Organizations: Tesla, Service, Tesla's, Paris, EV, China's EV Locations: China, Guangzhou, Europe

Kamala Harris and Donald Trump are in a closely divided campaign for white women. Trump, Harris and the battle for white womenGetty Images; APWhite women helped Trump win in 2020. Dr. Theresa Wheeling had always been a registered Republican and voted for Donald Trump during the 2020 presidential election. ➡️ Authorities are investigating after a man with guns in his vehicle was arrested after he was stopped at a checkpoint near a campaign rally for Donald Trump. ➡️ Donald Trump is ramping up his rhetoric depicting his political rivals and critics as criminals.

Persons: Kamala Harris, Donald Trump, Harris, Theresa Wheeling, Roe, she’s, “, ”, Read, ➡️ Donald Trump, ➡️, ➡️ Kamala Harris ’, Joe Biden, ➡️ Harris, Trump, Daniel Hagari, Jasmine Cui, NFL Brad Penner, Caleb Williams, Greg Rosenstein, 🩹, ⚡, J, mak Organizations: NFL, Trump, Voters, Republican, ” Wheeling, NBC News, GOP, NBC, IDF, Aqsa Martyrs Hospital, Dallas Cowboys, Detroit Lions, Lions, Chicago Bears, Jacksonville Jaguars, ards, Cal, U SC, Wea Locations: Wade, Wheeling, Pennsylvania, North Carolina, Gaza, Al, Aqsa, Deir al, Israel, U.S, 🙌T, 5 s

☆ For God, for country, for rain
▼ + stars: | 2024-10-14 | by ( Jessica Lucas | ) www.businessinsider.com time to read: +24 min

It's 9:30 a.m., and Augustus Doricko, the mulleted 24-year-old founder of the cloud-seeding company Rainmaker, is clutching a coffee. There's a long way to go before cloud seeding becomes a viable option for solving one of humanity's many self-made crises. El Segundo, population 17,272, has long been a bastion of American engineering, home to aerospace and defense giants like Boeing and Raytheon. Jett Lara for BIThe burning happens every Friday around 8 p.m. at a bonfire on El Segundo Beach. One of Doricko's goals is to build a church in El Segundo to "share the grace of God with other people."

Persons: Augustus Doricko, Bruno Mars, Doricko, Jessica, I'd, Jesus, He'd, that's, Rainmaker, Lauren Sánchez, Jett Lara, Billy Ray Cyrus, God, Augustus Doricko Doricko's, Cameron Schiller, Augustus, Schiller, El, That's, it's, El Segundo, Elon Musk, Isaiah Taylor, Doricko's, Taylor, Rob Coutts, —, Jesus of Nazareth, Zer, he'd, Jason Flynt, Flynt, Terra, Michael Gibson, Sarah Tessendorf's, messaged Gibson, Michael, Gibson, Thiel, Peter Thiel, I'm, Katja Friedrich, Friedrich, Friedrich isn't, Jonathan Jennings, Kaitlyn Suski, dumbbells, Jackson Schultz, Elijah, birdsong, Schultz, We're, coffees, Mankind Organizations: MGM, Association, Aspen Ideas, Global Initiative, BI, El, Boeing, Raytheon, Space Industries, Chevrolet, Stamford Yacht Club, New Zealand, University of California, BI Doricko, drillers, Terra Seco, Thiel Foundation, Terra, tech's, Weather Locations: Vegas, Tennessee, El Segundo, Los Angeles, America, Silicon, Santa Clarita, Rainmaker, Beijing, Colorado, California, Smoky, El Segundo Beach, North Carolina, Texas, Stamford , Connecticut, New, Costa, Berkeley, Christianity, Fort Worth , Texas, Terra Seco, drawdowns, Lake Mead, Las Vegas, Phoenix, Juul, Fresno, San Jose, Dubai, UAE, Midwest, West Texas, New Mexico , Arizona , Nevada, Amsterdam, Milan

☆ Why Gen Z Loves Expensive Groceries, Treats, and Snack Foods
▼ + stars: | 2024-10-14 | by ( Eve Upton-Clark | ) www.businessinsider.com time to read: +10 min

In a McKinsey survey in February, groceries represented the top category that Gen Z and millennial respondents said they planned to splurge on, outpacing restaurants, travel, and fitness; in 2017, Gen Xers were the top spenders on groceries, followed by boomers. In June, Bank of America reported that its Gen Z customers spent more at premium grocery stores than any other generation. The trend picked up steam with Gen Z. Millennials and Gen Zers are driving demand for vegetarian and vegan food. In a recent YouGov survey for Whole Foods, 70% of Gen Z respondents indicated they were willing to pay more for high-quality foods. Related storiesTo be sure, Gen Z isn't the first generation to serve up food as a status symbol.

Persons: Jade Lily, TikToker, smoothies, Kourtney Kardashian, Katy Perry, Lily, Gen Xers, CreditKarma, Zers, Gen Z's, Millennials, Z, Gen, Neeru, Andrea Hernández, We're, Barbara Kafka, Hernández, Erewhon, Hailey Bieber, Bella Hadid, Sofia Richie, Nate Rosen, Mary Kate, Ashley Olsen, McDonald's, Britney Spears, Nina Dobrev, Shawn Mendes, Prebiotic sodas, Camila Cabello, Gen Zers, Poppi, It's, Rosen, Caesar, That's, Paharia Organizations: McKinsey, Bank of America, Inc, Foods, Arizona State University, New York Times, Pepsi, Brands, idc, Associated Press, Good Culture, Fast Company Locations: Angeles, tocos, Los Angeles

☆ Joe Burrow, Bengals get second win of season in ‘ugly’ game vs. Giants: Key takeaways
▼ + stars: | 2024-10-13 | by ( The Athletic Nfl Staff | ) www.nytimes.com time to read: +5 min

“Ugly, really ugly, but we got it done,” Bengals quarterback Joe Burrow said of the victory postgame. AdvertisementAfter the Bengals took a 7-0 first-half lead, the Giants countered in the third frame with their first offensive touchdown at home this season. JOE BURROW OH MY pic.twitter.com/SMldP70GEB — NFL (@NFL) October 14, 2024With the win, the Bengals improve to 2-4. AdvertisementThis marked the most significant sign of progress for the beleaguered group, even if it came against a New York offense with its own pile of issues. — DehnerGiants’ defense puts up valiant effort without Kayvon ThibodeauxThe Giants defense fought and gave its all until it couldn’t anymore.

Persons: Paul Dehner Jr, Charlotte Carroll, Lauren Merola, Joe Burrow, Brian Burns, Burrow, they’ve, ” Zac Taylor, SMldP70GEB, — Paul Dehner Jr, hasn’t, BJ Hill, Trey Hendrickson, Cornerbacks, — Dehner, Ja’Marr Chase, Zack Moss, Cordell Volson, Amarius Mims, Mike Gesicki, They’ve, —, Kayvon, Azeez Ojulari, Dexter Lawrence, — Charlotte Carroll, Malik Nabers, Devin Singletary’s, Devin Singletary, Wan’dale Robinson, Darius Slayton, Tyrone Tracy, Tracy, He’s, — Carroll, Phil Didion Organizations: Cincinnati Bengals, New York Giants, Sunday, MetLife, ” Bengals, Giants, Bengals, Minnesota Vikings, Dallas Cowboys, New York, NFL, Baltimore, New, — Dehner Bengals Locations: Cincinnati, Kansas City, New York, —, Seattle

☆ China's real estate stimulus could boost this stock, analysts say
▼ + stars: | 2024-10-13 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +5 min

While China's property development giants find their footing amid the ongoing real estate slump, several analysts have their sights on housing transaction and services platform KE Holdings . The stock also trades in Hong Kong. In contrast, an index of Chinese property stocks in Hong Kong has gained just under 3% for the year after a volatile three weeks. But China's giant property developers now face a market that's very different from the one they saw in their heyday. Goldman has a price target of 54 Hong Kong dollars ($6.95) and $21 for the company's U.S.-listed shares.

Persons: Jefferies, Xi Jinping, Richard Tang, Hong Kong, Julius Baer, Tang, Goldman Sachs, Goldman, — CNBC's Michael Bloom Organizations: KE, KE Holdings, Jefferies, CNBC, People's Bank of, Bank of America Securities, Bank of America, BofA Securities, Goldman, Hong Locations: U.S, Hong Kong, Friday's, China, People's Bank of China, Beijing, Hong

☆ Biden is going after corporate giants for being too big. Here's who he's targeted so far.
▼ + stars: | 2024-10-13 | by ( Katie Balevic | ) www.businessinsider.com time to read: +6 min

Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . "This is definitely a different agenda than previous presidents," Rebecca Allensworth, an antitrust expert at Vanderbilt University, told Business Insider. AdvertisementHere are some of the biggest companies Khan and Biden have targeted. "I think there's a reason why they have one big monopolization case, at least, against each of the four major American tech companies," Allensworth told BI.

Persons: Joe Biden's, Biden, —, Joe Biden, Rebecca Allensworth, Kamala Harris, Lina Khan, Khan, Rafael Henrique, Merrick Garland, Alain Jocard, Sundar Pichai, Justin Sullivan, Jeff Bezos, EMMANUEL DUNAND, WhatsApp, Allensworth, it's Organizations: Google, Apple, Meta, Microsoft, Service, Vanderbilt University, Big Tech, Federal Trade Commission, Nvidia, OpenAI, Department of Justice, The New York Times, FTC, Getty, Justice Department, Nation Entertainment, Prosecutors, DOJ, The, Department, Amazon, Tech, JetBlue, Spirit Airlines, Albertsons Companies Locations: OpenAI

☆ Trump or Harris? Here are the 2024 stakes for airlines, banks, EVs, health care and more
▼ + stars: | 2024-10-13 | by ( Hugh Son | ) www.cnbc.com time to read: +18 min

Former President Donald Trump and Vice President Kamala Harris face off in the ABC presidential debate on Sept. 10, 2024. The previous Trump administration didn't pursue those types of consumer protections. In contrast, Democrats, including Harris, have historically supported EVs and incentives such as those under the Biden administration's signature Inflation Reduction Act. Meanwhile, Harris, if elected, can build on existing efforts of the Biden administration to deliver savings to more patients, they said. Trump also led multiple efforts to repeal the Affordable Care Act, including its expansion of Medicaid to low-income adults.

Persons: Donald Trump, Kamala Harris, he's, Harris, Joe Biden's, Trump, Pete Buttigieg, Jonathan Kletzel, didn't, — Leslie Josephs Banks Big, JPMorgan Chase, Biden, Tobin Marcus, it's, Sen, JD Vance, they're, Lindsey Johnson, Hugh Son, Pablo Di Si, EVs, Joseph Spak, Harris hasn't, Mike Wayland, Drugmakers, Trump hasn't, Mariana Socal, Annika Kim Constantino, David Zaslav, John Malone, Time Warner, Simon, Simon & Schuster, Marc DeBevoise, Jonathan Miller, Elon Musk's, Musk, I'm, MAGA, I'm Dark MAGA, —, TikTok, — Lillian Rizzo, Alex Sherman, Michael Lynn, — Amelia Lucas Organizations: ABC, Getty, U.S, Trump, Treasury, Justice Department, Federal Trade Commission, Consumer Financial, Bureau, CNBC, The Biden Department of Transportation, Democratic, American Airlines, JetBlue Airways, Spirit Airlines, Industry, Boeing, JPMorgan, Securities and Exchange Commission, Currency, Federal Deposit Insurance Corporation, Biden, Wolfe Research, Bank, Republican, Bankers, Democratic Party, Consumer Bankers Association, Republicans, Volkswagen Group of America, Automotive News, Environmental Protection Agency, UBS, Mike Wayland Health, Commonwealth Fund, Medicare, Johns Hopkins Bloomberg School of Public Health, Annika Kim Constantino Media, Paramount Global, Skydance, Warner Bros, Discovery, Allen & Co, Sun, Media, Disney, Fox Corp, Time, Simon &, Random, MGM, FCC, Integrated Media, Twitter, Capitol, White, Lawmakers, Meta's Facebook, Alex Sherman Restaurants, National Restaurant Association, National Labor Relations Board, Social Security, Washington Post, Cornell University Locations: United States, PwC, JetBlue's, U.S, China, Ohio, Michigan, California

☆ How AI is changing business at telecom giants, according to Nvidia and Verizon execs
▼ + stars: | 2024-10-12 | by ( Sarah Jackson | ) www.businessinsider.com time to read: +4 min

"There has never been a better or exciting time to be in the telecommunications industry," said Ronnie Vasishta, senior vice president of telecom at Nvidia. "AI will revolutionize telecommunications, and telecommunications will revolutionize AI." Verizon is using AI to "plan, build, and run our network; deliver differentiated customer and employee experiences; optimize internal processes; drive operational efficiencies," said Arumugavelu. AdvertisementOne way it's implementing the tech is by using AI computer vision, which allows computers to analyze and identify subjects in photos and videos, for geospatial intelligent cell site planning. Related storiesVerizon is also building a fully automated supply chain digital twin, which helps with monitoring inventory levels, Arumugavelu said, and using AI in workforce planning.

Persons: Execs, —, Ronnie Vasishta, Shankar Arumugavelu, Nvidia's Vasishta, Arumugavelu, Nvidia's Organizations: Telecommunications, MWC, Vegas, Service, Nvidia, Verizon, Mobile, Congress, Verizon Global Services

☆ This niche AI play is seeing business growth rates that are triple the pace of the data centers
▼ + stars: | 2024-10-12 | by ( Paulina Likos | ) www.cnbc.com time to read: +16 min

As artificial intelligence fuels the boom in data center growth, investors are eyeing a new frontier: the companies keeping these digital powerhouses cool. That's because historically, data centers used air cooling to manage the heat generated by traditional cloud applications. Triple data center growth Vertiv and Modine are legacy air cooling players that entered the liquid cooling market through acquisitions, while nVent is a pioneer. "The need for liquid cooling is not cannibalizing the need for mechanical (air) cooling," Matt Summerville, an analyst at D.A. "The need for liquid cooling is not cannibalizing the need for mechanical (air) cooling," Matt Summerville, an analyst at D.A.

Persons: Modine, there's, Dean Dray, Matt Summerville, Davidson, Summerville, William Blair, Brian, nVent, Dray, Vertiv, Jefferies, Saree Boroditsky, Boroditsky Organizations: Modine, RBC Capital Markets, CNBC, D.A, CoolTerra, TMG, Scotts, Scotts Springfield Manufacturing, Asia Pacific, CDU, Summerville, Luza Locations: Scotts Springfield, Asia, Summerville

Quarterbacks Jayden Daniels versus Lamar Jackson should be pure fireworks, but it's far from the only intriguing matchup this weekend. Henry has scored in all five games this season while rushing for a league-high 572 yards. Considering down and distance, Henry has rushed for 229 yards more than expected, according to advanced NFL stats. Kirk Cousins, meanwhile, is fifth in passing yards per game despite a slow start for Atlanta’s offense. The Lions are conceding 349.0 yards per game, 11th-worst in the NFL.

Persons: Jayden Daniels, Lamar Jackson, Robert Saleh, QB Drake Maye, Daniels, Jackson, Derrick Henry, Henry, Joe Flacco, Flacco, Anthony Richardson, Will Levis, Derek Carr, Spencer Rattler, Deshaun Watson, it’s, Devonta Smith, A.J, Brown, Aidan O’Connell, Gardner Minshew, Davante Adams, isn’t, Justin Fields, Russell Wilson, —, Joe Burrow, Buffalo skidding, Josh Allen, Robert Saleh —, Aaron Rodgers, “, ”, haven’t, Caleb Williams, Jordan Love, they're, Drake Maye, Maye, Bo Nix hasn’t, He’s, Justin Herbert, Andy Dalton, Kirk Cousins, Dak Prescott Organizations: Ravens, The Buffalo Bills, New York Jets, Cowboys, Detroit Lions, Dallas, NFC, Patriots, Houston Texans, Washington, NFL, Colts, Titans, Richardson, Buccaneers, Kansas City, Browns, Eagles, Cleveland, Steelers, Raiders, Las Vegas, Pittsburgh, Bengals, Giants, Bills, Jets, Lions, Buffalo, Jaguars, Bears, Chicago, Panthers, Rams, Jacksonville, Cardinals, Packers, Green, Los, Arizona, 49ers, Texans, Dolphins, Houston, Chargers, Broncos, Denver, Falcons, Prescott, The Lions Locations: Baltimore, New England, Washington, Jacksonville, New Orleans, Cincinnati, London, Los Angeles, San Francisco, Tampa Bay and New York, Carolina, Pittsburgh

☆ An analyst is getting cautious on Meta ahead of earnings. The reason is not a surprise
▼ + stars: | 2024-10-11 | by ( Paulina Likos | ) www.cnbc.com time to read: +4 min

Shares of Meta Platforms are hovering near record highs — but at least one Wall Street analyst is on edge heading into the social-media giants earnings report later this month. "[We] believe buyside expectations for a clean beat and raise quarter have minimal margin of error," Roth MKM wrote. Another reason: Roth MKM believes Temu and Shein are seeing declining importance in using Facebook and Instagram to acquire customers through ads. META YTD mountain Meta Platforms' stock performance so far in 2024. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

Persons: Roth MKM, Roth, Shein, they've, Jim Cramer's, Jim Cramer, Jim, Porte, Julien De Rosa Organizations: Facebook, Temu, Meta, CNBC, Porte de, Afp, Getty Locations: Asia, Pacific, China, Temu, Europe, Paris

☆ Google's CEO responds to US antitrust charges against company
▼ + stars: | 2024-10-11 | by ( Jordan Hart | ) www.businessinsider.com time to read: +2 min

Google plans to appeal a federal judge's antitrust ruling, CEO Sundar Pichai said. AdvertisementGoogle is preparing for a yearslong fight to appeal a federal judge's antitrust ruling against the company. Google CEO Sundar Pichai appeared on Bloomberg's "The David Rubenstein Show," where he spoke publicly about Google's search engine antitrust case for the first time since Department of Justice prosecutors submitted their proposed remedies. AdvertisementUltimately, Mehta will decide which orders Google must follow in order to restore competition to the search market, but the company will appeal. The Google antitrust case is one of the biggest of the last 30 years and has been closely watched by other Big Tech giants.

Persons: Sundar Pichai, —, David Rubenstein, Pichai, Amit Mehta's, Mehta Organizations: DOJ, Google, Big Tech, Service, Justice, Prosecutors

☆ Urban Outfitters admits it doesn’t know how to sell to Gen Z. Now it wants to pull off an Abercrombie-like turnaround
▼ + stars: | 2024-10-11 | by ( Ramishah Maruf | ) edition.cnn.com time to read: +6 min

Urban Outfitters, the young adult retailer known for its alternative, vintage-inspired styles, learned this the hard way. Urban Outfitters is now staging a turnaround, with the ambition of finding the success of rivals like Abercrombie & Fitch. But while Urban Outfitters may be trying to pull off a turnaround at the same scale is Abercrombie’s, the action points of both differ. Urban Outfitters, meanwhile, has maintained its youthful appearance without doing enough to market toward the high schoolers and college students of today. Urban Outfitters did not return a request for comment on the marketing strategy behind the lower prices.

Persons: ” Shea Jensen, Jensen, —, ” Simeon Siegel, “, ” Siegel, Brandon Bell, Fitch, Jacqueline Babb, Abercrombie, ” Jensen, Urban, Z, Price Organizations: New, New York CNN, Gen, Urban Outfitters, Abercrombie, Fitch, Urban Outfitters Brand, Free People, BMO Capital Markets, Getty, Urban, Northwestern University, CNN, Netflix Locations: New York, millennials, North America, Barton, Austin , Texas, today’s

☆ Ride-sharing giants Uber, Lyft jump after Tesla's 'toothless taxi' fails to excite investors
▼ + stars: | 2024-10-11 | by ( Pia Singh | In | ) www.cnbc.com time to read: +3 min

Klaudia Radecka | Nurphoto | Getty ImagesTesla 's hyped robotaxi unveiling posed a threat to Uber 's ride-sharing aspirations, but it has turned into a boon for the stock instead. That is a massive turnaround for Uber's stock, which is now up nearly 22% over the past month and about 38% for the year. "We believe this helps minimize the ongoing overhang on UBER's stock from TSLA's aspirations in the robotaxi space." Although Tesla appears committed to developing its robotaxi fleet without partnering with existing ride-sharing platforms, Colantuoni expects it could ultimately have to look into this option. Tesla "potentially underappreciates the obstacles to scaling a robotaxi fleet" and could struggle to scale its fleet operations without offering access to demand through Uber and Lyft, he said.

Persons: Klaudia, Tesla, Uber, Jefferies, John Colantuoni, TSLA, Colantuoni, Scott Brauer Organizations: Nurphoto, Lyft, Nasdaq, Jefferies, Tesla, Bloomberg, Getty Locations: Krakow, Poland, Seattle , Washington

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