After focusing on the top half of the playoff bracket last week, it’s time to check in on a surprisingly spirited race for the eighth seed. With about two weeks left in the regular season, seven playoff teams are essentially set in stone, though the matchups aren’t yet set.There is drama at the bottom of the postseason bracket. Chicago has been in a tailspin since the Olympic break, relinquishing what had been a comfortable lead over the lottery teams. The Sky have lost six in a row, suffering from the absence of Chennedy Carter (illness) and already without Marina Mabrey…
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A view of NVIDIA headquarters in Santa Clara of Silicon Valley, California, United States on August 28, 2024. Tayfun Coskun | Anadolu | Getty ImagesThis report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Like what you see? You can subscribe here.What you need to know todayNvidia sinksNvidia shares plummeted 9.5% Tuesday, erasing nearly $300 billion from its market capitalization. Other chipmakers were affected too: The VanEck Semiconductor ETF sank 7.5%. Nvidia’s slide continued in extended training, falling 2% after it was…
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Investment strategist Anthony Doyle has flagged one Dutch chip stock to play the booming AI trend — and it’s not ASML . Instead, Doyle, who’s head of investment strategy at the Sydney-headquartered Firetrail Investments, likes BE Semiconductor Industries , which supplies semiconductor assembly equipment. Doyle described BE Semiconductor as a “less favored way to play the boom in AI hardware.” It produces the equipment needed for the hybrid bonding process, which forms the permanent bond between chips or wafers. BE Semiconductor holds a 90% market share in the hardware manufacturing space, Doyle added, and counts chipmaking giant Taiwan Semiconductor Manufacturing…
By going chalk, United States captain Jim Furyk has created intrigue ahead of this month’s Presidents Cup.Furyk selected Nos. 7-12 on the team standings for his six captain’s picks, announced on Tuesday. The move means Ryder Cup captain Keegan Bradley will be playing for Team USA for the first time in a decade, but longtime American stalwart Justin Thomas will be left at home.The other American picks were Sam Burns, Russell Henley, Max Homa, Brian Harman and Tony Finau. Scottie Scheffler, Xander Schauffele, Collin Morikawa, Wyndham Clark, Patrick Cantlay and Sahith Theegala were the six automatic selections to the team.The…
Employees work at the Tokyo Stock Exchange (TSE), operated by Japan Exchange Group Inc. (JPX), in Tokyo, Japan, on Thursday, Jan. 4, 2024.Bloomberg | Bloomberg | Getty ImagesAsia-Pacific markets plunged on Wednesday, led by Japan’s Nikkei 225 after U.S. tech stocks sold off and weak U.S. economic data sparked recession fears.Japan’s Nikkei 225 was down 3.06%, leading losses in Asia, while the broad based Topix was down 2.42%.South Korea’s Kospi lost 2.59% on its open, as well as the small cap Kosdaq, which saw a 3.05% loss.Australia’s S&P/ASX 200 lost 1.37%.Hong Kong’s Hang Seng index futures were at 17,487, lower than…
Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., August 30, 2024. Brendan McDermid | ReutersStocks @ Night is a daily newsletter delivered after hours, giving you a first look at tomorrow and last look at today. Sign up for free to receive it directly in your inbox.Here’s what CNBC TV’s producers were watching as the three major averages started September on a losing note, and what’s on the radar for the next session.NvidiaOn Tuesday, Nvidia lost more market value than any other stock in a single day: $279 billion. That’s a big number. CNBC’s…
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email”Fast Money” is America’s post-market show. Hosted by Melissa Lee and a roundtable of top traders, “Fast Money” breaks through the noise of the day, to bring you the actionable news that matters most to investors. Source link
A woman was intoxicated and using a partially automated driving system when she caused a March highway crash in Philadelphia that killed two people, authorities said as they announced homicide charges against the driver.State and federal investigators say the woman’s Ford Mustang Mach-E SUV struck the stationary vehicle of a man who had stopped on the left shoulder of I-95 to assist a driver whose car had broken down ahead of him. The March collision, which occurred around 3 a.m., killed both men.The crash was at least the second this year involving a Mach-E striking a stationary vehicle after dark that the National…
Democratic presidential nominee and U.S. Vice President Kamala Harris delivers remarks at a campaign rally in Savannah, Georgia, U.S., August 29, 2024. Elizabeth Frantz | ReutersVice President Kamala Harris on Wednesday will unveil a new proposal to provide small businesses with a $50,000 tax deduction for startup expenses, ten times the current $5,000 allowable deduction, according to a Harris campaign official who was granted anonymity to share details of a proposal that is not yet public.Harris will roll out the new plan at a presidential campaign event in New Hampshire on Wednesday, part of her broader kick-off of the post-Labor Day…
