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AdvertisementDonald Trump has vowed to hit Mexico with a 25% tariff, which would affect automakers including Tesla. The threat of tariffs on Mexico has also put a $10 billion new factory proposed by Elon Musk in limbo. Musk backed Trump's election campaign and has been given a role to target wasteful government spending. The world's richest person praised Trump's proposed tariffs on Mexico and China in an X post on Monday, saying they would be "highly effective." Analysts told BI that the tariffs floated by Trump would deter automakers such as Tesla from investing south of the border.
Persons: Donald Trump, Tesla, Trump, Elon Musk, Donald Trump's, Alex Brandon, Musk, Trump's, Sam Fiorani, Fiorani, Ford, Stellantis, David Whiston, Scott Olson, BYD, Stella Li, Stephanie Brinley, Alanis King, Brinley Organizations: Truth, Elon, AP, Investment, UBS, Trump, AutoForecast Solutions, General Motors, GM, Ford, Getty, Toyota, Tacoma, Nissan, Volkswagen, EV, BYD, SAIC, Reuters, Street Journal, Chrysler, BMW, P Global, Toyota Tacoma Locations: Mexico, Monterrey, China, Detroit, United States, Cuautitlan, Toluca, San Luis Potosí
The Dick's Sporting Goods logo is displayed on the floor of a store on September 04, 2024 in Daly City, California. Dick's Sporting Goods raised its full-year guidance on Tuesday after what CEO Lauren Hobart called an "excellent" back-to-school shopping season and better-than-expected comparable sales for its third quarter. The sporting goods giant is now expecting fiscal 2024 same-store sales to grow between 3.6% and 4.2%, up from a previous range of 2.5% to 3.5%. Dick's said the strong quarter led it to also raise its full-year sales and earnings guidance. It's now expecting full-year earnings per share to be between $13.65 and $13.95, ahead of previous guidance of $13.55 to $13.90.
Persons: Lauren Hobart, Hobart, StreetAccount, Dick's, It's Organizations: Dick's Sporting Goods, LSEG Locations: Daly City , California
Now, VCs say many digital health startups are cutting their valuations to live another day. As of mid-November, PitchBook data shows 327 digital health startups that grabbed funding in 2021 but haven't raised since. Not even the AI boom, which has brought back-to-back fundraises for hot healthcare startups like Abridge, can make up for the discrepancy. "There are more digital health companies that are selling assets, selling people, or whatever they can," said Greg Yap, a partner at Menlo Ventures. AdvertisementVCs told BI they're pushing the next generation of healthcare startups for better discipline in balancing growth with profits.
Persons: haven't, Greg Yap, Doba Parushev, CareFirst, Parushev, Jenny Chang, Rodriguez, Alyssa Jaffee, she's, that's, Ruth, Alison Greenberg, Healthworx's Parushev, Forward's, Rob Price, Axios, LetsGetChecked, Galym, Yap, cofounders Umar Afridi, Sid Viswanathan, VCs Organizations: Healthcare, Business, Menlo Ventures, Healthworx Ventures, Getty, Ruth Health, Carta, Optum Ventures, Lightspeed Ventures Partners, Omada, Walgreens, Walmart Locations: Forward's San Francisco
As Musk increasingly turns his attention to politics, Afshar is set to help shepherd Tesla through this volatility. AdvertisementOver the seven years he has spent working for Musk, Afshar has emerged as one of the billionaire's most loyal lieutenants, driven and singularly focused on his goals. Years before Tesla, Afshar studied biomedical engineering at the University of California, Irvine, and worked as a ski instructor. At Tesla and other Musk companies, he said, "the mission is good, and what we're trying to do is right." AdvertisementThe four current and former colleagues said Afshar became lower profile at Tesla in 2022 but continued to work closely with Musk.
Persons: Omead Afshar, Afshar, Elon Musk, Musk, Tesla, Donald Trump, Aly Song, Seth Sharp, Drew Baglino, Rebecca Tinucci, Tom Zhu, Zhu, Elon, Sharp, Omead, Behrad Vahidi, Tesla's, Suzanne Cordeiro, Jared Birchall, Walter Isaacson Organizations: North, Reuters, Tesla, University of California, Bloomberg, Street Journal, of Justice, Securities and Exchange Commission, SEC, DOJ, SpaceX, Financial Times, Twitter Locations: Austin, Germany, North America, Europe, China, Elon, Irvine, Westlake, Los Angeles, San Francisco, Texas, Austin , Texas, Shanghai
In the latest episode of "Happy Sad Confused," Mescal said his algorithm has "too much" of him. Related Video Threads vs. Twitter: What we know about the apps"I've got to quit the internet," Mescal responded. Related storiesGoing on a digital detoxMescal is not the only celebrity to have considered taking a break from social media. Instead of completely abstaining from social media, setting limits may be more helpful in managing phone addiction, Neha Chaudhary, a child and adolescent psychiatrist, previously told BI. Chaudhary recommends unfollowing accounts that can negatively impact your mental health to curate a more positive social media feed.
Persons: Paul Mescal, Mescal, Josh Horowitz, Lucius, Connell Waldron, Selena Gomez, Neha Chaudhary, Chaudhary Organizations: CBS
She said the Miss Universe brand didn't need to evolve because "we already got the best here." "We have blond and blue eyes, so we're coming to the ultimate evolution already," the CEO said when a reporter asked how she planned to evolve Miss Universe. "Maybe that's just her perspective; maybe that's how she felt about the evolution of Miss Universe." Raul Rocha and Anne Jakrajutatip with Miss Universe 2024 Victoria Kjær Theilvig following her crowning. Adetshina's own journey to the Miss Universe stage was tumultuous .
Persons: Anne Jakrajutatip, Victoria Kjaer, Chidimma Adetshina, Jakrajutatip's, Victoria Kjaer Theilvig, Adetshina —, I'm, Raul Rocha, Kjær Theilvig, Hector Vivas, Donald Trump Jr, Trump, Jakrajutatip, Adetshina, Miss, there's Organizations: Miss, WE, Miss Universe, Trump Jr, BI, Jakrajutatip, Miss Nigeria Chidimma Adetshina Locations: Miss Nigeria, Africa, South Africa, Nigeria
AdvertisementAs a chef of over 15 years, I've learned how to cook the perfect turkey. There are some solid tips I've learned as a chef to improve any sort of holiday-turkey preparations and make this year's bird the best yet. Decide on a cooking methodAny way to cook a turkey can be successful if you prepare your bird well enough. Let the turkey restPlan to have your turkey done before the meal so that it (and you) can take a break. AdvertisementCarve and plate your turkey in sectionsCarve your turkey into different sections in your kitchen.
Persons: I've, it's, Mariusz S Organizations: CDC
The hot new dating-app trend: matchmaking
  + stars: | 2024-11-26 | by ( Sydney Bradley | Dan Latu | ) www.businessinsider.com   time to read: +6 min
Several new "matchmaking" dating apps have launched in the past year, addressing dating-app fatigue. Sitch, an AI-powered matchmaking app launched in New York in November. The current trend of new matchmaking apps generally splits into two categories: Either the users themselves are doing the matchmaking, or the app (typically built with AI) is matching users directly. Related storiesLoop, founded by siblings Lian and Adam Zucker, is a "matchmaking app where everyone can set up their single friends," Lian said. Sitch"We've tried to replicate the exact human flow of matchmaking," Sitch cofounder Nandini Mullaji — who has experience in matchmaking friends of friends IRL — told BI.
Persons: Sean Rad, Harry Stebbings, Lian, Adam Zucker, Ram Chirimunj, Zoe Mazakas, Chirimunj, Sahil, Ahuja, We've, Nandini Mullaji —, Sitch, Alex Weitzman, Nick Rosen, Rosen Organizations: Facebook, Match Group, IRL, New, New York City Locations: New York, swiping, New York City
Some parents fear their kids will waste money, sink into debt, and never move out. The financial planner tells parents to foster independence in their kids even if it's uncomfortable. AdvertisementMark Berg, who founded Timothy Financial Counsel in 2000, says there are steps parents can take to avoid that fate. AdvertisementLimiting spending money also teaches kids about opportunity cost, reinforcing the idea that money is scarce and there are constraints on what they can afford. The veteran financial planner suggested parents be up front with their kids about how much they can contribute to their college funds.
Persons: Mark Berg, , Berg, they're, " Berg Organizations: Service
Agility Robotics is hoping to deploy them across industries like grocery, automotive, and pharma. AdvertisementDigit is Agility Robotics' mobile manipulation humanoid robot. It competes with the likes of Apptronik, which is working with NASA on humanoid robots, and Boston Dynamics, which has created humanoid robots called Atlas that it says can run and jump over obstacles, as well as perform factory-worker tasks. Agility Robotics' humanoid robots are permitted to work only inside a specific, cordoned-off space separate from human workers. Agility Robotics takes a similarly cautious approach to its application of artificial intelligence, which is deep in the hype stage.
Persons: Peggy Johnson, it'd, Johnson, GXO, Ford, , ChatGPT, doesn't Organizations: Robotics, pharma, Silicon, Agility Robotics, Deloitte, Bureau of Labor Statistics, Digit, GXO Logistics, Mobile, Ford Amazon, Agility, NASA, Boston Dynamics, Gallup, Microsoft, Qualcomm Locations: Lisbon
CNBC's Jim Cramer on Tuesday defended his stance on cryptocurrency, saying he endorses owning some as a hedge against government spending and a ballooning deficit, as "national debt worries are never going to go away." Some on Wall Street believe that due to cryptocurrency's fixed supply, it will be a solid asset in the event that continued excessive federal spending — and a widening U.S. national debt — devalues the dollar. However, he acknowledged that cryptocurrency is also fairly new and doesn't yet have a proven track record. Cramer expressed skepticism that the government will be able to solve the debt issue any time soon. "I think bitcoin, ethereum and maybe even some other cryptocurrencies deserve a spot in your portfolio, too," Cramer said.
Persons: CNBC's Jim Cramer, I've, , Cramer, cryptocurrency
AdvertisementI tested three store-bought pie crusts from Pillsbury, Giant Eagle, and Marie Callender's. The Pillsbury crust was easy to work with and looked almost pristine after I baked it. Marie Callender's crust had the best butter flavor and thick-yet-flaky texture. Related Video The best baguettes in New York CityThat's where store-bought pie crusts, already fitted into oven-safe containers, can come in handy. To find out, I reviewed crusts from Pillsbury, Marie Callender's, and Giant Eagle (the grocery store's generic brand) and compared them on price, looks, usability, and flavor.
Persons: Giant, Marie Callender's Organizations: Pillsbury Locations: New York City, Pillsbury
Signage atop the Adani Group headquarters in Ahmedabad, India, on Wednesday, Feb. 1, 2023. Adani Group is staring at trouble on several fronts as investors and partners rethink ties with the Indian conglomerate in the wake of bribery and fraud accusations by U.S. authorities. Fitch Ratings has put several dollar bonds issued by Adani Group companies on its negative ratings watchlist, which means the bonds could potentially be downgraded. "Until such time when the accusations against the Adani group individuals and their consequences have been clarified, TotalEnergies will not make any new financial contribution as part of its investments in the Adani group of companies," the French company said. The U.S. International Development Finance Corp has also said it would review its prior agreements to lend $553 million to a Sri Lankan port development that's backed by the Adani Group.
Persons: Bonds, Leonard Law, Hindenburg, William Ruto, TotalEnergies, Adani Green Organizations: Leonard, Lucro Analytics, CNBC, Fitch, Adani Group, Reuters, Adani, Energy, U.S . International Development Finance Corp, DOJ Locations: Ahmedabad, India, Sri Lankan
However, he said it was ultimately up to the state to approve the plans, which have been highly controversial for decades. So if we want to go beyond a certain number at Heathrow, whether that is 90 million passengers or anything around that, we need a third runway, that's not a discussion," Woldbye said. 'We' here is not just Heathrow, that's the airlines, it's government, it's parliament, it's everybody around us. But transportation strategy is a government issue," Woldbye said, acknowledging it was "not an easy decision." I'm serious about getting a decision and about getting the right decision," which would be one guided by overall U.K. strategy, he said.
Persons: Thomas Woldbye, Woldbye, Louise Haigh Organizations: Airlines, Heathrow, Labour, Transport Locations: London
At a time when most Federal Reserve officials see lower interest rates head, a key report on Wednesday is expected to show inflation drifting further away from target. The Commerce Department will release the October look at its personal consumption expenditures price index, the Fed's primary yardstick to measure the pace of price increases. "Recent data show progress on inflation has slowed," Brett Ryan, senior U.S. economist at Deutsche Bank, said in a note. "Recent wage data shows gains remain elevated and suggests core inflation is unlikely to cool near the Fed's 2% target," BlackRock experts said Monday in their weekly market note. "Markets have been pricing out Fed rate cuts — and moving closer to our view — as it becomes clearer that inflation pressures could prove persistent."
Persons: Dow Jones, What's, Donald Trump's, Brett Ryan Organizations: Federal, Commerce Department, Deutsche Bank, BlackRock
U.S. President-elect Donald Trump at a viewing of a test-flight launch of the SpaceX Starship rocket in Brownsville, Texas, Nov. 19, 2024. Brandon Bell | Getty Images News | Getty ImagesAs Inauguration Day nears, investors are trying to unravel what booms or busts lay ahead under President-elect Donald Trump. Yet the energy sector climbed 22.9% under Biden as of Nov. 19, despite the administration's push for renewables and sustainability. As president, Trump is expected to embrace crypto more than any of his predecessors. When Biden won in 2020, there was a lot of panic about the outlook for energy, oil and gas.
Persons: Donald Trump, Brandon Bell, Jeremy Goldberg, Goldberg, Larry Adam, Raymond James, Trump, Adam, Biden, Monty Rakusen, John Murphy, Murphy, Callie Cox, Cox, Greg Iacurci Banks, Jamie Dimon, Andrew Harrer, Brian Spinelli, Halbert Hargrove, Spinelli, David Rea, Lorie Konish, Bill Varie, , — Greg Iacurci Crypto, Kevin Wurm, Matt Apkarian, Apkarian, Christina Lynn, there's, Lynn, — Lorie Konish, Cooper Neill, Joe Biden, Mike Cerasoli, Cerasoli, you'll, — Lorie, Images Trump, Robert F, Kennedy Jr, bode, David Weinstein, Weinstein, Chris Unger, Charles, Vivek Ramaswamy, Greg Iacurci, Thomas Barwick, Ted Decker, Decker, TJ Maxx, Lorraine Hutchinson, — Greg Iacurci, Donald J Organizations: SpaceX, Getty, Trump, Professional Advisory Services, Digitalvision, EV, Biden, Bank of America Securities, Ford, Ritholtz Wealth Management, U.S . Federal, JPMorgan Chase &, White, Bloomberg, CNBC, Salem Investment, Bank, — Greg Iacurci Crypto Republican, Reuters, bitcoin, Liberty Financial, Cerulli Associates, Mariner Wealth, — Lorie Konish Energy, Double Eagle Energy Holdings LLC, Eagle Global Advisors, Images, Department of Health, Human Services, RFK, U.S . Senate, Merck, Pfizer, Dana Investment, Affordable, Publicly, HCA Healthcare, UFC, Madison, Garden, Ufc, Medical, Charles River Laboratories, Food and Drug Administration, of Government, Retailers, Walmart, Marshalls, Google, Twitter, Trump National Golf Club, Washington Post Locations: Brownsville , Texas, California, U.S, Iran, Venezuela, Washington, Long Beach, Calif, Salem, Winston, Salem , North Carolina, Ritholtz, Nashville , Tennessee, cryptocurrency, Lynn, Midland , Texas, Houston, New York, China, North America, HomeGoods, Bedminster , NJ, Jabin
Amgen on Tuesday said its experimental weight loss injection helped patients with obesity lose up to 20% of their weight on average after a year in a critical mid-stage trial, as the company races to join the booming obesity drug market. The drug, MariTide, also helped patients with obesity and Type 2 diabetes lose up to 17% of their weight after a year. The company said it did not observe a plateau in either group of patients, which indicates the potential for further weight loss beyond 52 weeks. That could boost Amgen's odds of winning a slice of the weight loss drug market, which some analysts forecast could be worth $150 billion a year by the early 2030s. That's unlike Eli Lilly's obesity drug, Zepbound, which activates both GIP and GLP-1.
Persons: Amgen, MariTide, Eli Lilly, Robert Bradway, Jay Bradner, Nordisk's Wegovy, Eli Lilly's Zepbound, Zepbound, Eli, Wegovy, Bradner Organizations: Novo Nordisk, Nordisk's Locations: Amgen, Thousand Oaks , California
Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. Investors didn't seem too bothered by President-elect Donald Trump 's new tariff threats Monday evening. 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, Donald Trump, Amgen, Eli Lilly, Lilly, Jim Cramer's, Trump, Jim, Bill Newlands, Roth MKM, Roth, Amit Mehta, Mehta, Trump's, Morgan Stanley, CNBC's Matthew J, Belvedere Organizations: CNBC, ., Nasdaq, Dow Jones, Dow, Novo Nordisk, Constellation Brands, Modelo, Corona, Justice Department, Anheuser, Busch InBev, Grupo, Google, Reuters, DOJ, Chrome, Economic, of Chicago, Labor Department, Jim Cramer's Charitable Locations: Mexico, China, United States, U.S
UMG's choice to saturate the music market with 'Not Like Us' comes at the expense of its other artists, like Drake." And Drake is one of the biggest artists streaming on Spotify, with about 10 million more monthly listeners than Lamar. Music industry insiders, meanwhile, are skeptical of the allegations themselves. In other words, for the top of the music industry, rigging with bots would be "not like us." By throwing lawyers and corporations into the rap battle, Drake has made it much less street and much more corporate.
Persons: Drake, Kendrick Lamar, UMG, It's, Lamar, Drake's litigiousness, Jan, Arian Foster, Tony Rigg Organizations: Universal Music Group, Spotify, Lamar, NFL, University of Central, Southern, of, of New York, Apple Music Locations: University of Central Lancashire, North Carolina, of New
The weeks heading into year-end often mark a bullish time for stocks, and smaller companies especially might be poised for outperformance. With that in mind, Jeffrey Hirsch, editor-in-chief of the Stock Trader's Almanac, believes investors should buy small caps from the Tuesday before Thanksgiving this year and hold them until Jan. 3rd, 2025. The tendency for small caps to outperform large caps from mid-December through January, combined with the so-called Santa Claus rally right around Christmas, can bolster small-cap growth stocks, Hirsch said. That rally "rhymes with the post-2016 election move," according to John Hancock Investment Management co-chief investment strategist Emily Roland. He's really focused more on the food companies, eating healthier, vaccine companies and just making sure they're held to the same standards."
Persons: Jeffrey Hirsch, Jan, Hirsch, Santa Claus, Donald Trump's, Russell, What's, Emily Roland, Julie Biel, Kayne Anderson, Biel, Gregg Fisher, Matt Unger, Robert F, Kennedy Jr, Unger, they're Organizations: Stock, CNBC, Regional Banking, John Hancock Investment Management, Quent, Osterweis Opportunity, Trump, Department of Health, Human Services, RFK Locations: Santa
AdvertisementBest Buy is bracing for Trump's proposed tariffs on imports from China and Mexico. Barry said consumers typically bear some of any added costs in the form of higher prices. Best Buy is bracing for the impact of Donald Trump's proposed tariffs on imports from China and Mexico — especially as the vast majority of items it sells come from the two countries. "There's very little in the consumer electronics space that is not imported," Barry said. Advertisement"We see that the customer ends up bearing some of the cost of the tariffs," Barry said.
Persons: Corie Barry, Barry, Donald Trump's, Trump Locations: China, Mexico, Canada, Goods
AdvertisementRussia is considering deploying missiles in Asia if the US stations more systems there, a top official said. The remark hints at a potential for Russia to enter the fray in a region fraught with US-China tensions. Sergei Ryabkov, one of Russia's deputy foreign ministers, said on Monday that Moscow is considering deploying its short- to medium-range missiles in the Asia-Pacific. He had been asked by a reporter if Russia might station its missiles in Asian countries, according to the agency. Meanwhile, the US Army would respond by deploying long-range units from its Multi-Domain Task Force to the Philippines, per Kyodo News.
Persons: Sergei Ryabkov, Ryabkov, Trump Organizations: TASS, Kyodo, US, Kyodo News, Marine Littoral Regiment, High Mobility Artillery Rocket Systems, Marine, Regiment, US Army, Domain, Force, Associated Press, Xinhua, Nuclear Forces, Soviet Locations: Russia, Asia, China, Moscow, Washington, Beijing, Tokyo, Taiwan, Philippines, Japan's, Okinawa, Manila, Soviet Union
AdvertisementAgility Robotics CEO Peggy Johnson says humanoid robots are filling some labor gaps. AdvertisementDigit is Agility Robotics' mobile manipulation humanoid robot. It competes with the likes of Apptronik, which is working with NASA on humanoid robots, and Boston Dynamics, which has created humanoid robots called Atlas that it says can run and jump over obstacles, as well as perform factory worker tasks. Agility Robotics' humanoid robots are currently only permitted to work inside a specific, cordoned-off space separate from human workers. Agility Robotics takes a similarly cautious approach to its application of artificial intelligence, which is deep in the hype stage.
Persons: Peggy Johnson, it'll, Johnson, GXO, Ford, , Optimus, ChatGPT, doesn't Organizations: Robotics, pharma, Silicon, Agility Robotics, Business, Deloitte, Bureau of Labor Statistics, Digit, GXO Logistics, Mobile, Ford Amazon, Agility, NASA, Boston Dynamics, Gallup, Microsoft, Qualcomm Locations: Lisbon, Portugal
In 2022, the typical renter in the U.S. had a median net worth of $10,400, according to a new report by the Aspen Institute. Renters generally go through financial challenges like lower income, higher debt, fewer savings balances and lower rates of asset ownership, the report noted. Across income levels, renters are less likely than homeowners to own assets including cars, retirement accounts and securities, among others, the report found. Here are some of the financial challenges renter households face by income, according to the Aspen Institute, and ways they can build wealth. watch nowA hypothetical family in this category "first needs financial stability to meet the precondition for wealth building," the Aspen report notes.
Persons: That's, Janneke Ratcliffe, Ratcliffe, Clifford Cornell, Cornell, Shaun Williams, Williams Organizations: Aspen Institute, Finance, Urban Institute, Paragon Capital Management Locations: U.S, Washington ,, New York City, Denver
By corporate America's (sometimes dubious) telling, AI is basically the answer to everything, including customer service. A recent Gartner survey found that nearly two-thirds of customers prefer that companies don't use AI for customer service. Related storiesEven setting aside the cost savings for companies, there are clear reasons that AI should be a good fit for customer service. "We know that there are certain aspects of customer service that AI is doing well. What's more, if every company has a mediocre AI experience, the bar might just be lowered across the board.
Persons: I've, I'm, It's, it's, Karen, I'd, Michelle Schroeder, don't, Michelle Kinch, that's, aren't, Keith McIntosh, They're, they're, Kinch, Jason Maynard, Chris Filly, Maynard, Jeff Gallino, Rodney Zemmel, they'll, , Gallino, Schroeder, We've, Emily Stewart Organizations: Corporations, Dartmouth's Tuck School of Business, Gartner, Companies, Asia Pacific, FedEx, Fortune, Santander, Siemens, McKinsey, Delta, Filly, Alexa, Business Locations: North America, Asia, Zendesk, Callvu, PolyAI
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