FILE PHOTO: Michael Eisner, Michael Eisner, chairman of Topps Co. and former chief executive officer of Walt Disney Co., speaks during an interview in New York.Former Disney CEO Michael Eisner on Friday issued a statement supporting Jimmy Kimmel, whose late-night show has been suspended indefinitely by Disney's subsidiary ABC for comments the host made about the killing of Charlie Kirk.Eisner, in a tweet, blasted Federal Communications Commission Chairman Brendan Carr for "out-of-control intimidation" of AB ...

U.S. Treasury Secretary Scott Bessent speaks to the press, on the day of U.S.-China talks on trade, economic and national security issues, in Madrid, Spain, September 15, 2025.White House confidante Steve Bannon has an unusual solution for who should take over as Federal Reserve Chair Jerome Powell next year.In a podcast interview with Sean Spicer, who served as White House press secretary during President Donald Trump's first term, Bannon recommended that Treasury Secretary Scott Bessent helm the central b ...

U.S. President Donald Trump prepares to announce an agreement with British Prime Minister Keir Starmer (not pictured) between the two countries, at Chequers at the conclusion of a state visit on Sept. 18, 2025 in Aylesbury, Britain.A federal judge in Tampa, Florida, on Friday dismissed President Donald Trump's $15 billion defamation lawsuit against The New York Times as "decidedly improper and impermissible," but will allow Trump to refile a much shorter and less florid amended civil complaint within the ne ...

Company Overview - Pattern Group, co-founded by David Wright and Melanie Alder in 2013, is a leading reseller on Amazon and has recently gone public with an IPO on September 19, 2025 [1][3] - The company operates as an "ecommerce accelerator," assisting over 200 brands in optimizing sales across various online marketplaces, including Amazon, Walmart, Target, and TikTok Shop [4] IPO Details - The IPO raised $300 million, with shares sold at $14, opening at $13.50, and valuing the company at approximately $2.5 billion [2] - The stock's performance saw a decline on its Nasdaq debut [1] Financial Performance - In Q2, Pattern reported a revenue growth of 39% year-over-year, reaching $598.2 million, with net income increasing to $16.4 million from $11.3 million the previous year [6] - Operating income for the same period was $30.1 million, up from $23.1 million [6] Market Position - Pattern ranks as the No. 2 Amazon seller in the U.S. based on customer reviews, with 94% of its 2024 revenue derived from consumer product sales on Amazon [3][7] - The company faces competition from millions of merchants on Amazon's platform, where third-party vendors account for over half of all goods sold [7] Industry Context - The tech IPO market has recently seen a resurgence, with several companies, including Pattern, entering the public markets after a period of inactivity [5] - Pattern's IPO comes amid global trade uncertainties, particularly due to U.S. tariffs affecting international trade, which the company acknowledged in its prospectus [9][10] Risks - The company highlighted its reliance on Amazon as a significant risk, noting that any changes in Amazon's policies or relationship could adversely impact its growth and financial condition [11]

Core Viewpoint - The semiconductor sector, particularly driven by Nvidia's success, has become a focal point for investors, with new concentrated investment strategies emerging in this space [1]. Group 1: Semiconductor ETFs - The VanEck Semiconductor ETF (SMH) has become a benchmark for capturing sector growth, with a portfolio that includes major players like Nvidia, TSMC, and ASML, and has grown to nearly $30 billion, up close to 30% year-to-date [2]. - Other ETFs such as the iShares Semiconductor ETF (SOXX) and Invesco PHLX Semiconductor ETF (SOXQ) also provide exposure to the semiconductor industry, attracting investors seeking concentrated investments [5]. - The SPDR S&P Semiconductor ETF (XSD) offers an equal-weighting approach, allowing smaller companies like Astera Labs and Credo Technology to have equal representation with larger firms like Nvidia [6][7]. Group 2: Nvidia's Role - Nvidia's CEO described the company's Blackwell platform as a significant advancement in AI technology, with demand being characterized as "extraordinary" [4]. - Nvidia's investment of $5 billion in Intel to co-develop data centers and PC chips highlights its growing influence across the tech sector [4]. Group 3: Investment Strategies - The Invesco Semiconductors ETF (PSI) utilizes a custom index to select semiconductor companies based on various momentum factors, providing a different exposure compared to traditional market-cap weighted ETFs [11][12]. - The newly launched VanEck Fabless Semiconductor ETF (SMHX) focuses on fabless companies, with Nvidia as its top holding, catering to investors seeking targeted exposure within the semiconductor space [13][14].

Federal Reserve Governor Stephen Miran said Friday that he doesn't anticipate President Donald Trump's tariffs will have an inflationary effect on the U.S. economy."I'm clearly in the minority in not being concerned about inflation from tariffs," he said on CNBC's "Money Movers." "But that was also true in 2018-2019, and I think I probably could take a little victory lap about that.""There will always be relative price changes, but whether or not it's inflation that's macroeconomically significant of the ty ...

Group 1 - Stocks were mixed on Friday, with the S&P 500 and Nasdaq reaching new all-time highs, while Boeing shares fell about 10% from recent highs, presenting a buying opportunity [1] - The 10-year Treasury yield was at 4.139%, having briefly dipped below 4% earlier in the week, with concerns that rising yields could negatively impact stocks [1] - Nvidia's $5 billion investment and collaboration with Intel is seen as a significant win for Nvidia, as it expands its presence in enterprise data centers, while potentially hindering AMD's market share growth [1] Group 2 - The collaboration between Nvidia and Intel involves Intel developing central processors to complement Nvidia's GPUs for AI server racks, broadening Nvidia's customer options [1] - Stocks mentioned in the rapid-fire segment included FedEx, Lennar, and Tesla, indicating a diverse interest in various sectors [1]

Years of severe drought cost the Panama Canal a significant amount of its liquified natural gas trade. Restrictions on vessel weights due to low water levels sent LNG tankers on other shipping routes, and led to a decline in LNG transits through the canal that reached as high as 73%. Even as conditions have improved, LNG shipments have not returned to previous levels, with carriers continuing to choose the longer route around Africa's Cape of Good Hope."I think it's going to be helpful for them to schedule ...

Federal Reserve Governor Stephen Miran told CNBC on Friday that he spoke only briefly to President Trump before this week's interest rate decision and was not pressured on how to vote.Miran, who voted against the quarter percentage point reduction in favor of a move twice that size, said he made his decision independently."He called me Tuesday morning to congratulate me, and that was it," the central banker said during a "Squawk on the Street" interview. "I did not talk to him about how I vote. I did not ta ...

As Paramount Skydance prepares a bid for Warner Bros. Discovery, CNBC's David Faber reported Friday an offer could land in the range of $22 to $24 per share.Faber, citing sources, cautioned that price range was speculative and that an offer could come later than previously expected.WBD shares gained about 1.5% Friday morning to trade around $19 apiece.Last week, CNBC reported the newly merger Paramount Skydance was preparing a largely cash offer for Warner Bros. Discovery, potentially preempting a split of ...