Heavy traffic begins to back up on Interstate 275 South as residents evacuate St. Petersburg, Florida, ahead of Hurricane Milton, U.S., October 7, 2024. Octavio Jones | ReutersHurricane Milton’s once-in-a-century potential could cause damages of more than $50 billion, with the potential to leave behind devastation approaching $175 billion or more in a worst-case scenario, according to leading Wall Street analysts.That would be on top of the carnage already left behind by Hurricane Helene, posing a potential record-breaking path of wreckage.”While too early to make insured loss estimates, a major hurricane impact in one of Florida’s most heavily populated regions could…
Author: usaeverydaylife
Democratic presidential nominee Kamala Harris is embracing some of the Republican Party’s old standbys as her own as she gains ground on her GOP rival Donald Trump, pollster Frank Luntz said Tuesday.Harris “is taking pages out of the Republican playbook,” Luntz said on CNBC’s “Squawk Box.”The political strategist meant that as a compliment to the vice president.He credited Harris for her “important use of language,” pointing to her focus on small business issues and describing herself as a capitalist. He also noted her party’s emphasis on freedom during the Democratic National Convention.”If you just listen to these general statements, she…
Boeing 737s on the ground in Renton, Washington.Leslie Josephs | CNBCBoeing delivered 33 airplanes in September, six more than during the same period a year earlier, as the company and its customers keep an eye on the impact of a machinist strike, now in its fourth week.Through September, Boeing has handed over 291 aircraft, well below the 371 it had delivered in the first nine months of 2023. Rival Airbus has delivered 447 airplanes this year through August,Last month’s deliveries were led by 27 of Boeing’s bestselling 737 Max aircraft to customers including United Airlines, which received five, and Ryanair…
A man opens the LinkedIn social network app on his smartphone at the breakfast table in Berlin on July 5, 2024.Alicia Windzio | Picture Alliance | Getty ImagesEvery morning, Emily Ritter spends 15 minutes in bed checking her Instagram, Messages, Slack and Strava apps and playing The New York Times’ Connections and Strands games on her phone. Recently, LinkedIn has been part of the mix.Ritter, a marketing executive at San Francisco-based startup Front, discovered a logic puzzle called Queens about two months ago through a promotion on LinkedIn, which is best known as the place where professionals connect and recruiters…
UNCASVILLE, Conn. — After the Connecticut Sun’s Game 3 semifinal loss to the Minnesota Lynx, Sun coach Stephanie White said her staff didn’t do a good enough job of getting players prepared. She said the Sun were outplayed, out-executed and, most of all, out-coached.On Saturday, the lone day between Game 3 and Sunday’s Game 4, White and her assistants spent time dwelling on what they could change. Different lineup combinations were thrown out and debated. It wasn’t until around midnight, about 15 hours before the Sunday afternoon tip, that they settled on what to do. The solution: slide Ty Harris…
MI5 Director General Ken McCallum.Danny Lawson – Pa Images | Pa Images | Getty ImagesThe head of Britain’s domestic spy agency on Tuesday accused Russian military intelligence of being on a “sustained mission” to cause mayhem in Britain and Europe.In a rare public speech from MI5’s counter-terrorism operations center in London, MI5 Director General Ken McCallum said ongoing efforts by autocratic states to harm Britain’s security represents “the most complex threat environment we have ever seen.”McCallum said a total of 43 late-stage attack plots had been foiled by MI5 and police since 2017, noting that some plotters were seeking to…
Citi is expecting Nvidia ‘s margins to bottom out early next year as its Blackwell platform will take time to fully ramp up. Analyst Atif Malik maintained his buy rating on the artificial intelligence darling. He also kept his $150 price target, which suggests shares can jump 17.4%. This year, Nvidia has soared nearly 158%. “While we are bullish on another strong +40% Y/Y cloud data center capex growth next year, we expect the stock to likely remain range bound through CES Jan before Blackwell driven Y/Y sales and gross margin inflection in the [April quarter],” Malik wrote in a…
Hindenburg Research disclosed a short position in Roblox on Tuesday, alleging that the gaming platform popular among young children inflated metrics including user numbers.Roblox shares fell 9.2% in early trading after the short seller said the company conflated daily active users (DAUs) with the number of people visiting its platform.This was based on its definition that the metric is not a measure of “unique individuals accessing Roblox”, Hindenburg said, adding that DAUs could include bots or alternate accounts.CNBC could not immediately verify Hindenburg’s claims or short position. Roblox said it totally rejects the claims made in the report.In a statement…
A bipartisan group of more than a dozen state attorneys general is filing lawsuits on Tuesday against social media giant TikTok, with one complaint accusing the company of deceiving users by claiming that its app is safe for children, despite its addictive features, and for allegedly operating an unlicensed money transmission business.The states filing suit include New York and California, as well as the District of Columbia.”Our lawsuit is seeking to hold TikTok accountable for harming D.C. children” said Attorney General Brian Schwalb of the District of Columbia, in an interview with CNBC.Schwalb’s suit alleges a slew of “profound” mental…
Kate Ryder, CEO of Maven, speaking at the CNBC Changemakers Summit in New York on April 18th, 2024.Danielle DeVries | CNBCMaven Clinic, a health-care startup for women and families, announced Tuesday that it has closed a $125 million funding round at a $1.7 billion valuation. The company seeks to offer patients virtual care across their entire reproductive life cycle, whether they are planning a family, pregnant, postpartum or into menopause. Maven has raised a total of more than $425 million, and it will use its fresh capital to invest in its fertility benefits, expand its platform and leverage real-time data to…
