Intel CEO Patrick Gelsinger speaks at the Intel Ocotillo Campus in Chandler, Arizona, on March 20, 2024. Brendan Smialowski | AFP | Getty ImagesIt was quite a week for Intel.The chipmaker, which has lost over half its value this year and last month had its worst day on the market in 50 years after a disappointing earnings report, started the week on Monday by announcing that it’s separating its manufacturing division from the core business of designing and selling computer processors.And late Friday, CNBC confirmed that Qualcomm has recently approached Intel about a takeover in what would be one of the…
Author: usaeverydaylife
When the man who’s built the greatest fortune in history from investing alone – and whose preferred holding period is “forever” – becomes a resolute seller of two of the most widely held stocks in the world, the questions about what it means for the market and economy are inevitable. And so it is with Warren Buffett’s Berkshire Hathaway slashing its holdings in Apple and Bank of America in recent months. The Apple position has roughly been halved this year, and the selling in Bank of America last week reached nearly $8 billion since mid-July, dropping Berkshire’s stake to 10.7%…
Stocks with smaller market capitalizations are set to reap the benefits from the start of the Federal Reserve’s latest rate-cutting campaign. The U.S. central bank reduced interest rates by an oversized half-percentage point on Wednesday, pushing stocks higher. The S & P 500 ended the week with a 1.4% increase, clawing back its losses from earlier in September. The Dow Jones Industrial Average and Nasdaq Composite added 1.6% and 1.5%, respectively, this past week. While a lower-rate environment can benefit the entire economy, small-cap stocks especially excel since many companies hold floating-rate debt and are thereby more reliant on bank…
We can expect to face a growing number of setbacks, distractions, and challenges in our increasingly chaotic world. That’s why we need resilience more than ever.Resilience is one of six “mental muscles” that make up mental strength, or the ability to productively regulate your emotions, thoughts, and behaviors. It’s essential for success but tricky to cultivate. The good news is that, as I share in my new book “The Mentally Strong Leader,” anyone can build habits for greater resilience and fortitude.Part of my research on mental strength included developing a self-assessment that allows you gauge where you are when it comes to…
Israel launched a rare airstrike that killed a senior Hezbollah military official in a densely populated southern Beirut neighborhood on Friday. It was the deadliest such strike on Lebanon’s capital in decades, with Lebanese authorities reporting at least 14 people killed and dozens more wounded in the attack.The Israeli military’s chief spokesman, Rear Adm. Daniel Hagari, said the strike on Beirut’s southern Dahiya district killed Ibrahim Akil, a commander of Hezbollah’s elite Radwan Force, as well as 10 other Hezbollah operatives.”We will continue pursuing our enemies in order to defend our citizens, even in Dahiya, in Beirut,” said Israeli Defense Minister Yoav Gallant, describing…
Josh Allen, #17 of the Buffalo Bills, warms up prior to an NFL game against the Miami Dolphins at Hard Rock Stadium in Miami Gardens, Florida, on Sept. 12, 2024.Perry Knotts | Getty ImagesIt won’t be an ordinary “Monday Night Football” gameday for Buffalo Bills fans next week.Ahead of the team’s kickoff with the Jacksonville Jaguars on Monday, retail investors can put an order in for a municipal bond that will go toward financing construction of the Bills’ new stadium, which is scheduled to open in 2026, according to the team’s website. It will give Bills fans a chance to…
A man waves Sri Lanka’s national flag after climbing a tower near presidential secretariat in Colombo on July 11, 2022, after it was overrun by anti-government protestors. (Photo by ARUN SANKAR/AFP via Getty Images)Arun Sankar | Afp | Getty ImagesMillions of Sri Lankans were casting their votes on Saturday to select a president who will face the task of bolstering the South Asian country’s fragile economic recovery following its worst financial crisis in decades. More than 17 million of Sri Lanka’s 22 million people are eligible to vote in an election that has shaped up to be a close contest…
Sheets of newly-designed Japanese 10,000 yen banknotes move through a machine at the National Printing Bureau Tokyo plant in Tokyo, Japan, on Wednesday, June 19, 2024. Persistent weakness in the yen is raising concerns about the potential for a resurgence in cost-push inflation, likely weighing on private consumption.Bloomberg | Bloomberg | Getty ImagesJapan’s top currency diplomat Atsushi Mimura said authorities are “always watching markets” as a renewed build-up of yen carry trades could heighten market volatility, public broadcaster NHK quoted him as saying in an interview that ran on Friday. Mimura said yen carry trades built up in the past…
Terms apply to American Express benefits and offers. Visit americanexpress.com to learn more.JetBlue is going all in on expanding its premium offerings.The New York-based airline announced plans to open its first airport lounges starting in late 2025. The new spaces are coming to New York’s John F. Kennedy International Airport (JFK) and Boston Logan International Airport (BOS), and will allow the airline to better compete against larger airlines like Delta, United and American, which have long offered this amenity. Along with this announcement, JetBlue shared the first details of a new premium co-branded credit card.Below, CNBC Select shares everything you need to know about…
MIAMI – The Veuve Clicquot had been poured and the commemorative T-shirts handed out. Only then, once there had been time for it all to sink in, could his awestruck teammates fully comprehend the latest demonstration of greatness by Shohei Ohtani.They marveled not only at his latest milestone, becoming the first player to hit 50 homers and steal 50 bases in the same season. But they spoke with admiration about the way Ohtani reached the 50-50 club — with a single-game performance for the ages.“That has to be the greatest baseball game of all time,” Gavin Lux said. “It has…
