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Then, they traded based on that insight, buying and selling stock from well-known American companies like Skechers, Snapchat and Roku. Vladislav Klyushin, who was sentenced to nine years in an American prison for his $93 million hack-to-trade conspiracy. "[They're] breaking into these American companies," said Steven Frank, a federal prosecutor familiar with the case. "Stealing information day after day…and just trading on it." Zoom In Icon Arrows pointing outwards The homepage for the Russian cybersecurity firm M-13, which was stealing financial information from American companies.
Persons: Vladislav Klyushin, Klyushin's, Roku, Tesla, Steven Frank, Klyushin, Massachusetts CNBC's Eamon Javers, Javers, , Evan Gershkovich, Ella Milman, Roberto Schmidt Organizations: Attorney's, Massachusetts, of Massachusetts, Tesla, FBI, U.S, Wall Street, Russia, Joint Base Andrews, Afp, Getty, CNBC Locations: Russian, U.S, Russia, Maryland
Through a local organization, we connected with an outreach worker who supports vulnerable women. She was an essential link in making this film; her trust and love in the community made it possible for the women to open up to us. To ensure the women felt comfortable sharing their often ignored stories without fear of judgment or compromised privacy, we chose to incorporate animation. Her distinctive, stream-of-consciousness animation conveys the nuanced emotions and inner worlds of the women. We hope it fosters greater empathy and insight into lives that deserve to be understood and valued.
Persons: Ola Szmida Locations: Wales
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailTest driving BYD, Nio and other Chinese EV rivals of TeslaLow-cost, high-tech Chinese EVs have stirred fears of a government-subsidized existential threat to automakers around the world. So what do these vehicles have to offer? How do they compare to the Tesla Model Y, which in 2023 was the bestselling car in the world? CNBC's Beijing bureau chief Eunice Yoon tested four of them from large and high-profile Chinese brands to see how they stack up against the Model Y, and to offer some insight into how non-China rivals might compete against them.
Persons: Eunice Yoon Organizations: Tesla Locations: Beijing, China
Trade groups say Chinese electric vehicles pose an "existential threat" to the U.S. auto industry. But faced with a growing preference for hybrids at home and a brutal price war, Chinese automakers want to export more vehicles abroad. "It's hard to process that because we don't see Chinese cars on American roads," said Dunne Insights founder and CEO Michael Dunne. You're going to see Chinese cars all over the place." So how do Chinese EVs stack up?
Persons: Dunne, Michael Dunne, Eunice Yoon Organizations: U.S, Tesla, JATO Dynamics, CNBC Locations: China, Australia, Mexico, Brazil, Israel, South Africa, U.S, CNBC Beijing
Gold dips as investors book profits, U.S. inflation data in focus
  + stars: | 2024-08-13 | by ( ) www.cnbc.com   time to read: +2 min
Prices rose more than 1% in the previous session. "Prices will benefit if the U.S. inflation data comes in on the softer side of the ledger, which would reignite hopes of an aggressive rate cut from the Fed in September." The CPI data is expected to show that headline and core prices rose 0.2% month-on-month. Markets see about 50% chance of a 50 basis point rate cut in September, according to the CME FedWatch Tool. "If markets become more optimistic of a 50 bp cut coming to fruition, this could propel the gold price to make a run at the $2,500 level," Waterer said.
Persons: Alexander Manzyuk Gold, Tim Waterer, Waterer, Benjamin Netanyahu Organizations: REUTERS, Federal, KCM, Fed, Traders Locations: Siberian, Krasnoyarsk, Russia, U.S, Gaza
Microsoft cofounder Bill Gates and Apple cofounder Steve Jobs were two of the biggest tech CEOs of their time. While they at times were both friend and foe, Gates admired and envied Jobs' magnetism, a new book says. Gates has previously said he was "jealous" of Jobs' ability to captivate an audience. AdvertisementBill Gates and Steve Jobs were some of the most influential tech leaders of their time while at the helm of Microsoft and Apple respectively. Gates has spoken of his admiration for Jobs' magnetic persona and ability to woo a crowd, and a new book reveals further details about Gates' envy of the late Apple cofounder.
Persons: Bill Gates, Steve Jobs, Gates, envied, , Jobs, Anupreeta Das Organizations: Service, Microsoft, Apple, New York Times, Macworld, Business
Mars may be drenched beneath its surface, with enough water hiding in the cracks of underground rocks to form a global ocean, new research suggests. The findings released Monday are based on seismic measurements from NASA’s Mars InSight lander, which detected more than 1,300 marsquakes before shutting down two years ago. Just because water still may be sloshing around inside Mars does not mean it holds life, Wright said. His team combined computer models with InSight readings including the quakes’ velocity in determining underground water was the most likely explanation. Wet almost all over more than 3 billion years ago, Mars is thought to have lost its surface water as its atmosphere thinned, turning the planet into the dry, dusty world known today.
Persons: Vashan Wright, Wright Organizations: University of California San Diego’s Scripps, of Oceanography, National Academy of Sciences
CNN —Donald Trump’s campaign, which has whiffed in its early attacks on Kamala Harris’ new presidential campaign, will grapple this week for a more effective foothold after the vice president transformed an election of stunning surprises. On Sunday, for instance, he spread a new false conspiracy theory over the size of Harris’ rally crowd in Michigan last week. Trump’s campaign was also forced on Saturday to deny a report in The New York Times that he’d privately referred to Harris as a “b*tch” as he bemoaned her momentum. Therefore, a debate expected between Trump and Harris on ABC on September 10 looms as a pivotal new moment in the campaign. But as Trump has shown in recent days, he still hasn’t worked out a way to respond to the suddenly changed circumstances of the campaign.
Persons: Donald Trump’s, Kamala Harris ’, Harris, he’d, bullish, Tim Walz, Joe Biden, , Biden, Trump, Biden administration’s, , Harris ’, Elon Musk, Walz, , “ It’s, ” Trump, Sen, JD Vance, Vance, CNN’s Dana, ” Vance, Kamala Harris, Vance wriggled, Trump’s, Nick Fuentes, Usha, Fuentes, Donald Trump …, “ misspoke, there’s, she’s, hasn’t Organizations: CNN, The New York Times, Republican, bullish Republicans, Minnesota Gov, Trump, New York Times, Siena College, Democratic, San, Ohio Republican, GOP, Army National Guard, Congress, Union, CBS, Court, White, Minnesota, ABC, Fox Locations: Michigan, Montana, The, Siena, Wisconsin , Michigan, Pennsylvania, Chicago, North Carolina, San Francisco, Ohio, Iraq, “ State, , America, Russia, China
CNN —Data from a retired NASA mission has revealed evidence of an underground reservoir of water deep beneath the surface of Mars, according to new research. A team of scientists estimates that there may be enough water, trapped in tiny cracks and pores of rock in the middle of the Martian crust, to fill oceans on the planet’s surface. NASA's Mars Reconnaissance Orbiter took an image of InSight sitting on the Martian surface on February 2, 2019. “It’s certainly true on Earth — deep, deep mines host life, the bottom of the ocean hosts life. Windows into Martian historyThe findings add a new piece to the Martian water puzzle.
Persons: , Vashan Wright, , Mars, orbiters, InSight’s seismometer, Wright, James Tuttle Keane, Aaron Rodriguez, Michael Manga, “ It’s, haven’t, Alberto Fairén, Fairén, Bruce Banerdt, we’re, Banerdt, al, ” Banerdt, , ” Wright Organizations: CNN, NASA, National Academy of Sciences, Reconnaissance Orbiter, JPL, Caltech, University of Arizona, University of California, Diego’s Scripps, of Oceanography, Mars, Interior Exploration, Transport, Scripps Institute of Oceanography, University of Maryland, Cornell University Locations: Mars, Berkeley
Mars just scored another point in favor of alien life. Scientists discovered signs of an ocean's worth of liquid water miles below Mars' surface. Sign up for our newsletter to get the latest on the culture & business of sustainability — delivered weekly to your inbox. Scientists discovered evidence of a reservoir of liquid water seven to 13 miles below the Martian surface, lingering in the pores of the planet's crust. Still, it's another promising sign that Mars could one day yield the most disruptive discovery in human history — that of life beyond Earth.
Persons: Mars, it's Organizations: Service, NASA, Business
There were two requirements for the Stade de France track for the 2024 Paris Olympics: make it purple and make it fast. But Paris was fast: seven Olympic records and three track and field world records were set at the Games. Thirteen men ran under Kenenisa Bekele’s 10,000m Olympic record (Michael Steele/Getty Images)Four men broke Jakob Ingebrigtsen’s 1500m Olympic record from Tokyo, including Ingebrigtsen, only for him to not medal. Washing the Olympic track in Tokyo in 2021 (Antonin Thullier/AFP via Getty Images)One myth Stroppiana is keen to bust is track hardness. And since then we haven’t been able to change that point of view.”How hard is the Paris track?
Persons: Joshua Cheptegei 10000m, Cole, Arshad Nadeem Javelin, Sydney McLaughlin, Marileidy Paulino, Uganda’s Joshua Cheptegei, Michael Steele, Jakob Ingebrigtsen’s, Noah Lyles ’, Richard Heathcote, Maurizio Stroppiana, Mondo, , Stroppiana, Antonin Thullier, , haven’t, Patrick Smith, , Denis, Pakistan’s Arshad Nadeem, Nathan Laine Organizations: Stade de France, Joshua Cheptegei 10000m Uganda, Bahrain, Dominican, Kenya, Kipyegon, Getty, Mexico City, Paris, Getty Images, University of Milan, Olympic, Stade, Adidas, Nike, Asics, Puma, Bloomberg Locations: Rio de Janeiro, Paris, London, Rio, Tokyo, Sweden, Seville, Italian, Moscow, Mexico, Barcelona, Mexico City, AFP, Atlanta, Los Angeles, USA, Brisbane, Australia, Before Tokyo
The incomplete artifact is on display in the High Hall exhibition at Sutton Hoo in Suffolk, England. A researcher excavates part of the Bromeswell bucket from the trench at Sutton Hoo. Based on the forms of Greek letters at the top of the artifact, researchers think the vessel was already 100 years old when it arrived at Sutton Hoo, Howarth said. Future research at Sutton Hoo could reveal the broader history of the site and what kept drawing people to inhabit it over time, Howarth said. The aim of this project is to look at the landscape and think about who was inhabiting it and how that fits into the wider Sutton Hoo story.”
Persons: Count, David Brun, , Laura Howarth, Howarth, James Dobson, ’ ” Howarth, Angus Wainwright, , David Brunetti, ” Howarth, Sutton, Edith Pretty Organizations: CNN, Sutton, harrow, National Trust ., National Trust, Field, Specialists, Heritage, Hoo, , British Museum Locations: Suffolk, England, Hoo, African, Sutton Hoo, Byzantine, Antioch, Turkey, Britain, Sutton, Hampshire, East Anglia, what’s, Sri Lanka
The idea of transforming Mars into a world more hospitable to human habitation is a regular feature of science fiction. “The key elements of our paper are a novel proposal to use engineered nanoparticles to warm Mars’ atmosphere, and climate modeling that suggests this approach could be much more efficient than previous concepts. NASA has sent robotic rovers to explore the Martian surface and the InSight Lander to study the planet’s interior. The median Martian surface temperature is about minus-85 degrees Fahrenheit (minus-65 degrees Celsius). For example, in the unlikely event that Mars’ soil contains irremediable compounds toxic to all Earth-derived life, then the benefit of warming Mars is nil,” Kite said.
Persons: , Edwin Kite, Lander, Samaneh Ansari, ” Ansari, Mars, ” Kite, Organizations: University of Chicago, NASA, Northwestern University, Illinois Locations: U.S
Menno van Gorp competes during the World Breaking Championships in Leuven, Belgium, in 2023. Geert Vanden Wijngaert/AP/FileTo the tune of a Miles Davis trumpet solo, Menno van Gorp is stepping up his training ahead of this year’s Paris Olympics. “I love to practice on jazz,” van Gorp tells CNN Sport. “We’re under the flag of sports now, but to me, it’s still also an art,” says van Gorp, who calls himself an “artlete” on social media. It was in winning the UK championships in 2007 that van Gorp says he “exploded onto the scene” and started to compete more regularly.
Persons: Menno van Gorp, Geert Vanden Wijngaert, Miles Davis, van Gorp’s, ” van Gorp, Menno, , it’s, , van Gorp, aren’t, ” Van Gorp, Gorp Organizations: Paris Olympics, CNN Sport, Tilburg, Red Bull, South Locations: Leuven, Belgium, Paris, Netherlands, New York, South Korean
The wildest week of 2024 has investors bracing for more volatility in the week ahead, with key insight on the consumer and inflation coming at a time when recession fears are top of mind. Inflation, labor data Next week's inflation data could get less attention than it has over the past year when the Fed's fight against pricing pressures put inflation reports on center stage. Recently, it's been the labor market getting the most attention. "The market's caring much more about about labor markets and growth, than they do inflation right now," Ladner said. Week ahead calendar All times ET Monday, Aug. 12 2 p.m. Treasury Budget (July) Tuesday, Aug. 13 8:30 a.m. Producer Price Index (July) Earnings: Home Depot Wednesday, Aug. 14 8:30 a.m. Consumer Price Index (July) 8:30 a.m.
Persons: Scott Ladner, it's, Ladner, , Strategas, Ryan Grabinski, RJ Assaly, Jeremy Siegel, Chen Zhao, Zhao, Price Organizations: Federal, Walmart, Home, Horizon Investments, Bank of Japan, Wharton, Fed, UBS, Investments, Treasury Budget, Price, Philadelphia Fed, Retail, Manufacturing, Materials, Tapestry, Deere, Co, Housing Locations: U.S, NAHB, Michigan
New York CNN —After a prolonged period of calm, financial markets went into a tailspin this week. One trigger for the selloff was the unraveling of the Japanese yen carry trade. Some investors say there could be more volatility to come, particularly since it’s unclear how much more the yen carry trade could unwind. The carry trade is “enormous. The unwinding of the carry trade and weak labor data came at a delicate time rife with uncertainty for Wall Street.
Persons: Wharton, Jeremy Siegel, Siegel, , Steve Sosnick, Joe Biden, Donald Trump, Dow, Liz Young Thomas Organizations: New, New York CNN, Nikkei, Dow, Nasdaq, Bank of Japan, Companies, Federal Reserve, Investors, CNBC, Interactive Brokers, Markets, Republican, Home Depot, Walmart Locations: New York, Israel, Ukraine, Russia
This is particularly true for Black Latinos, according to the authors. That’s why Lopez argues in the report that asking people about their “street race” could provide necessary insight into the different ways Latinos are racially categorized. According to the Pew Research Center, Black Latinos are more likely than non-Black Latinos to report having experienced discrimination based on race. Lopez and the co-authors of the report say that additional questions could still be added to official forms, including the “street race” question. “But we also need a question on perceived race.”For more from NBC Latino, sign up for our weekly newsletter.
Persons: Nancy Lopez, Lopez, ” Lopez, Organizations: Latino, Politics Institute, UCLA, . Census, University of New, NBC News, Pew Research Center, U.S . Office, Management, OMB, NBC Locations: University of New Mexico, East
Read previewJacob Shaidle started cleaning barbecues in the summer of 2021 to fund his education. AdvertisementShaidle started cleaning barbecues in 2021 to pay for his university tuition. Over the past year, the teens, who are heading into their third year at the University of British Columbia, have grown Shaidle Cleaning to six figures in annual revenue. One is a small business called Strodes, a butcher shop deli that makes its own all-natural, chemical-free degreaser that Shaidle Cleaning buys in bulk. Go digitalDuring his first two summers in business, Shaidle acquired clients through door-knocking and word-of-mouth.
Persons: , Jacob Shaidle, he'd, Shaidle, Aran Giffen, Lean, Giffen, it's, Aran, Jake, They'll, they're, you've Organizations: Service, Business, University of British, Insight, Hamilton Spectator Locations: Hamilton , Ontario, University of British Columbia, Ontario, We've
The company's sales soared to $324.5 million in its fiscal first quarter, leading it to raise its full-year guidance. He added that its Bronzing Drops serum quickly became a best seller on the company's website after its launch during the quarter. Following quarter after quarter of outsized growth, Wall Street has come to expect a lot from E.l.f. The company now anticipates its adjusted net income will be between $198 million and $201 million, compared with a previous outlook of between $187 million and $191 million. During the quarter, selling, general and administrative expenses increased by roughly $88.6 million to $180.6 million, representing 56% of net sales.
Persons: Tarang Amin, E.l.f, Mandy Fields, Fields, I'm, we're, Amin, we've, Gen Z, We'll, Gabby Douglas, Anastasia, Tas, Jameela Jamil Organizations: CNBC, LSEG, Alpha Locations: E.l.f
CNN —Members of the grand jury in Arizona that indicted 18 allies of Donald Trump earlier this year for their alleged roles in attempting to overturn the 2020 election had also expressed interest in charging the former president, according to a new court filing. The interest was strong enough that it prompted the state’s lead prosecutor to request that the grand jury not indict the former president and give a PowerPoint presentation to explain his reasoning. Prosecutors cited two primary reasons for why the grand jury should not charge Trump: a lack of evidence and a US Justice Department policy they believe would hamper charges against a former president. The policy cited by prosecutors deals with DOJ guidelines limiting how the federal government can prosecute individuals already charged with similar crimes at the state level. That’s why you do not see that,” the state prosecutor told the grand jury.
Persons: Donald Trump, Trump, Joe Biden’s, Jack Smith, Fani Willis, Rudy Giuliani, Mark Meadows, “ Unindicted, , Meadows, indicting Trump, I’ve, Willis Organizations: CNN, Fulton, White House, Trump, Prosecutors, US Justice Department Locations: Arizona, Georgia, Fulton County
Wednesday’s pretrial hearing, which has been scheduled for months, followed a whiplash decision by Austin to revoke a plea deal that had been announced just two days prior last week. “What he did was illegal,” Eugene Fidell, who teaches military justice at Yale University and co-founded the National Institute of Military Justice, told CNN. But Sowards argued Wednesday that by revoking the deal, Austin was actually doing more harm to the families. While the terms of the pretrial agreement had not been released publicly, among them was the assurance that the detainees would answer questions by 9/11 victim family members. Sowards said family members had already “been submitting questions in good faith,” and expecting answers in return as part of the deal.
Persons: Lloyd Austin, , ” Walter Ruiz, Mustafa Ahmed Adam al Hawsawi, Austin, Susan Escallier, Khalid Shaikh Mohammad, Walid Muhammad Salih Mubarak Bin ‘ Attash, Ruiz, , ” Austin, ” Eugene Fidell, Gary Sowards, Mohammad, ” Sowards, Clayton Trivett, ’ ”, Austin “, Antony Blinken, “ I’m, Sowards, Wells Dixon, Majid Khan, Khan, Dixon, ” Dixon, Eugene Fidell’s Organizations: CNN —, Defense, Guantanamo, Pentagon, White, White House, Yale University, National Institute of Military, CNN, Military Commissions, Austin, Military, Australian, American, , Center for Constitutional Rights Locations: Guantanamo, Austin, Belize
One of history's leading 16th-century astronomers, Tycho Brahe, was also an alchemist who kept the secrets of that pursuit under wraps. AdvertisementAfter his death, Brahe's elaborate laboratory and observatory was destroyed, taking many of its secrets with it. Rasmussen and colleagues recently analyzed the shards for evidence of 31 trace elements to determine which Brahe may have used in his laboratory. In addition to medical experiments, Brahe could have been trying to uncover the secrets of other minerals. The endless search for better medicineTycho Brahe's laboratory was destroyed after his death.
Persons: history's, Tycho Brahe, , Brahe, elixirs Brahe, Kaare Lund Rasmussen, we've, Lawrence Principe, — Brahe, Rasmussen, you've, Tycho Brahe's, who's, Principe Organizations: Service, Business, Heritage, Johns Hopkins University, Science, Society Picture Library Locations: what's, Swedish, Ven, Principe
The cybersecurity software contender has more than 2,400 customers, including Maersk, Xerox and Mattel — in all, some 17% of the Fortune 500, according to the company. Cybersecurity company Abnormal Security said Tuesday it has raised $250 million in a Series D funding round that values the firm at $5.1 billion. With Microsoft surpassing $20 billion in cybersecurity revenue last year, competition has picked up among cybersecurity sector incumbents Cloudflare, Zscaler and Palo Alto Networks. Additionally, CrowdStrike veteran James Yeager was recently hired to head up public sector sales, an area that the email security vendor is targeting for growth. In March, Abnormal hired CFO Smita Sanadhya, a former executive at Microsoft Hong Kong and HP as well as startup Okta, which she helped to scale to a $2 billion public company.
Persons: Evan Reiser, Cloudflare, Reiser, Michael DeCesare, James Yeager, Smita Sanadhya, Jeff True Organizations: Twitter, Maersk, Xerox, Mattel, Fortune, Wellington Management, Greylock Partners, Menlo Ventures, Insight Partners, Security, Microsoft, Palo Alto Networks, Software, Cloudflare, CNBC, Forescout Technology, Microsoft Hong Kong, HP, Abnormal Locations: Zscaler, Palo, Exabeam
The GOP’s 2024 party platform calls for the repeal of President Joe Biden’s executive order on AI, which Republicans say "hinders AI innovation." Senate Majority Leader Chuck Schumer speaks to NBC News from the balcony of his Capitol office on Thursday, Aug. 1. “We have lots of AI proposals in the defense bill because AI has national security concerns,” Schumer told NBC News. It would require federal agencies to assess the potential risks of using AI before purchasing or deploying AI systems. But it also has real problems,” Schumer said, referring to the Future of AI bill.
Persons: Chuck Schumer, Elon Musk, Donald Trump, Kamala Harris, Schumer, Trump, ” Schumer, , “ We’re, , Joe Biden’s, “ Donald Trump, Frank Thorp V, TikTok, Sen, Mitt Romney, Brian Schatz, chatbot ChapGPT, Schumer —, , Mark Zuckerberg, Bill Gates, Sundar Pichai, Sam Altman, Jensen Huang, Martin Heinrich, Todd Young, Mike Rounds, Rounds, ” Rounds, Gary Peters, Thom Tillis Organizations: New, New York Democrat, NBC News, Republican, Democratic, Republicans, NBC, Big Tech, National Defense, Senate, 118th, National Institute of Standards, Technology, NIST, Senate Homeland Security, Star Locations: WASHINGTON, Harris, New York, eyeing, Republic, Congress, China, U.S, R, Utah, Hawaii, Sens
The America PAC is supporting Republican presidential nominee Donald Trump in the 2024 election against Vice President Kamala Harris, the de facto Democratic nominee. Wheeler alleged America PAC has broken state laws, according to a copy of the complaint reviewed by CNBC. "The America PAC is pretending to be running an online voter registration drive," Wheeler wrote. Representatives for the North Carolina State Board of Elections did not return requests for comment on Wheeler's complaint against America PAC. America PAC has spent over $100,000 on digital advertisements targeting voters in Pennsylvania since early July, according to AdImpact.
Persons: Elon Musk, Chuck Schumer, Donald Trump, Kamala Harris, Musk, Josh Stein, Stein, Jocelyn Benson, Benson's, CNBC's, David Wheeler, Wheeler, Madison Cawthorn, Lauren Boebert, Al Schmidt Organizations: Intelligence, Senate, U.S, Capitol, North Carolina Attorney General's, CNBC, Musk's America PAC, The America PAC, Democratic, SpaceX, PAC, North Carolina, Michigan, Sunday, America PAC, America, North Carolina Board, American, Republican, Rep, Colorado . Representatives, North Carolina State Board, Department Locations: Washington , U.S, America, North Carolina, Michigan, Georgia, Wisconsin, Colorado, Pennsylvania
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