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☆ Apple is weighing a big decision impacting the next iPhone release: OpenAI or Google's Gemini
▼ + stars: | 2024-04-27 | by ( Katherine Tangalakis-Lippert | ) www.businessinsider.com time to read: +1 min

Apple is in talks with OpenAI and Google to bring AI to the next iPhone, Bloomberg reported. Tim Cook in recent months has teased that Apple has big plans for AI coming this year. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Business Insider previously reported that the iPhone 16 is expected to be released this fall.

Persons: Tim Cook, — Organizations: Apple, OpenAI, Google, Bloomberg, Service, Business

The sale features great discounts on everything tech, from 4K TVs to SodaStream soda makers. Whether shopping for a birthday gift or upgrading your devices, this Best Buy weekend sale is where to look. Shop at Best BuyBeats Studio Buds+ $129.99 $169.99 Save 24% The Beats Studio Buds+ offer powerful and balanced sound that fits in your pocket. Shop at Best BuyThis is just a small taste of this weekend's top Best Buy sale picks. Check out the full selection over at the Best Buy website.

Persons: Bissell, I've, you’ll Organizations: Business, Apple, LG, Samsung

☆ Intel used to dominate the U.S. chip industry. Now it's struggling to stay relevant
▼ + stars: | 2024-04-26 | by ( Kif Leswing | ) www.cnbc.com time to read: +16 min

David Paul Morris | Getty Images News | Getty ImagesThe iPhone could have had an Intel chip inside. It would've made sense to use Intel chips, which ran on the best desktops at the time, including Apple's Macs. Braithwaite, who worked at Intel in the 1980s, said Intel's process engineers were the company's "crown jewels." Intel doesn't have a GPU competitor to Nvidia's AI accelerators, but it has an AI chip called Gaudi 3. For comparison, AMD expects about $2 billion in annual AI chip revenue.

Persons: Pat Gelsinger, Seth Wenig, Gelsinger, Biden, Nicholas Braithwaite, Akshara Bassi, It's, Steve Jobs, David Paul Morris, Apple, Paul Otellini, Walter Isaacson's, Otellini, Isaacson, Jobs, Apple didn't, Apple —, TSMC, Mikako Kitagawa, Joe Biden, Brendan Smialowski, Braithwaite, Gordon Moore, Moore's, Brian Krzanich, 7nm —, TSMC didn't, Jensen Huang, Josh Edelson, OpenAI, Gaudi, Intel's, it's, Bassi, CNBC's Jon Fortt Organizations: Intel, Taiwan Semiconductor Manufacturing Company, Nvidia, Micro Computer, Qualcomm, Broadcom, Texas Instruments, AMD, Apple, Celesta, Meta, Microsoft, Getty, Samsung, Gartner, Asus, AFP, Semiconductor, Engineers, SAP Center, Afp, Companies, Blackwell, Habana Labs, Gaudi, FactSet, U.S Locations: New York, American, U.S, Chandler , Arizona, California, San Jose , California, Taiwan, Columbus , Ohio

☆ Apple reports next week. Here's a no-cost options trade to capitalize on a possible earnings bounce
▼ + stars: | 2024-04-26 | by ( Jeff Kilburg | ) www.cnbc.com time to read: +2 min

Big tech earnings reports have put investors on quite the roller coaster. Alphabet , Microsoft and Tesla have all moved higher post earnings, while Meta and IBM had opposite reactions by dropping precipitously. Inside of this recent technology, I think it is time to add to a nearly forgotten Magnificent Seven laggard: Apple . Apple is down 11% year to date, and I want to add exposure in a zero-cost manner ahead of its earnings release next Thursday. Investors are anticipating a year-over-year decline in both earnings and revenue for this former tech favorite, but I believe this is already priced into the stock.

Organizations: Microsoft, Tesla, Meta, IBM, Apple, Big, mojo

☆ Stock market today: Indexes jump to close best week since November as investors cheer tech earnings
▼ + stars: | 2024-04-26 | by ( Yuheng Zhan | ) www.businessinsider.com time to read: +3 min

NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. AdvertisementUS stocks closed higher on Friday to end the best week since November, with tech rallying after earnings from mega-cap stalwarts. Instead, traders focused mostly on earnings strength from Alphabet and Microsoft. In a Friday note, Fundstrat's Mark Newton pointed out that the earnings of Alphabet and Microsoft are paving the way for a broad rally. Next week, Apple and Amazon, will release earnings and investors will be focused on the Fed's next policy meeting scheduled for April 30-May 1.

Persons: —, Fundstrat's Mark Newton, Savita Subramanian, we're, it's, Subramanian Organizations: Microsoft, Service, Federal, Amazon, Nvidia, Technology, Bank of, CNBC, Apple, Dow Locations: Here's

☆ Bank of America lays out the exact scenario that could finally pop the stock market's AI bubble
▼ + stars: | 2024-04-26 | by ( Joe Ciolli | Filip De Mott | ) www.businessinsider.com time to read: +3 min

Bank of America says the ongoing "anything but bonds" bull market has led to a very top-heavy stock market. The firm is watching real 10-year yields and credit spreads for signals of when that AI-led rally could end. BofA says higher yields and tighter spreads could sound recession alarms and spur a stock sell-off. The key piece is the cohort of mega-cap tech companies that have long dominated stock-market performance, largely because of their affiliation with AI. In the meantime, if you subscribe to BofA's view, you should be watching the 10-year real yield for a signal of when any such downturn is coming.

Persons: BofA, —, YCharts There's Organizations: of America, Service, Bank of America, Apple, Nvidia, Microsoft

Listen and follow The DailyApple Podcasts | Spotify | Amazon MusicWhen the Hollywood producer Harvey Weinstein was convicted of sex crimes four years ago, it was celebrated as a watershed moment for the #MeToo movement. Yesterday, New York’s highest court of appeals overturned that conviction. Jodi Kantor, one of the reporters who broke the story of the abuse allegations against Mr. Weinstein in 2017, explains what this ruling means for him and for #MeToo.

Persons: Harvey Weinstein, Jodi Kantor, Weinstein Organizations: Spotify, Hollywood, New

☆ 28 cities where rent is in free fall this spring — and why renters in New York City have reason for optimism despite paying $4,280 for a one-bedroom apartment
▼ + stars: | 2024-04-26 | by ( James Faris | ) www.businessinsider.com time to read: +4 min

Median rent for one-bedroom apartments in the US declined again in April, according to @Zumper. AdvertisementLandlords aren't able to charge tenants more because apartment supply is surging across the nation at the highest rate in decades, according to Zumper. A flood of supply should keep rent growth in check for the remainder of the year and even into 2025, in Zumper's view. Below are the 28 US cities where rent for a one-bedroom apartment is cheaper than it was in March, according to Zumper. Along with each are its month-over-month and year-over-year rent changes, average rent price, and national rent ranking among the top 100 markets in the nation.

Persons: —, iM2zdLRQMA — James Faris, @JamesFaris_, Ivy Zelman, Anthemos Georgiades, Zumper Organizations: Service, Business, Federal Reserve, Apple, Big Apple Locations: New York City, York City

☆ I was desperate to have a second baby because I disliked being an only child
▼ + stars: | 2024-04-26 | by ( Janine Clements | ) www.businessinsider.com time to read: +4 min

When it came to having kids, I wanted a big, noisy family. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementI wasn't always an only child; I became one when I was 4 and my brother, who was 18 months old, died. Desperate for my daughter not to be an only child, I couldn't give up. But my fears were unfounded, and we were blessed with a healthy baby girl — and a sibling for my daughter.

Persons: I've, —, I didn't, didn't Organizations: Service, Asherman's Locations: Singapore, New York

Listen to and follow ‘Matter of Opinion’Apple Podcasts | Spotify | Amazon MusicHow worried should we really be about the threat of political violence? On this week’s episode of “Matter of Opinion,” columnist Jamelle Bouie joins the hosts to set the record straight on whether we’re actually living through an unusually violent era, and they discuss whether the new movie, “Civil War,” could come true. Plus, Keanu Reeves in his most beautiful form yet. (A full transcript of this audio essay will be available within 24 hours of publication in the audio player above.)

Persons: Jamelle Bouie, we’re, ”, Keanu Reeves Organizations: Spotify

☆ Here are Friday's biggest analyst calls: Nvidia, Microsoft, Alphabet, Apple, Snap, Intel, Western Digital and more
▼ + stars: | 2024-04-26 | by ( Michael Bloom | ) www.cnbc.com time to read: +8 min

Here are Friday's biggest calls on Wall Street: Bank of America reiterates Alphabet as buy Bank of America said it is sticking with its buy rating on Alphabet following earnings Thursday. Deutsche Bank reiterates Snap as buy Deutsche Bank said it is sticking with its buy rating on the stock following earnings on Thursday. " Goldman Sachs reiterates Intel as sell Goldman Sachs said it is standing by its sell rating on Intel shares following earnings Thursday. Benchmark upgrades Western Digital to buy from hold Benchmark upgrades Western Digital following the company's "major upside" earnings report. Bank of America reiterates Nvidia as buy Bank of America said Nvidia remains a top idea at the firm.

Persons: Goldman Sachs, prioritization, Maxim, Bank of America downgrades Hertz, Raymond James, Knight, Morgan Stanley downgrades Mobileye, Morgan Stanley, Piper Sandler, Wells, Dow Organizations: Bank of America, Deutsche, Deutsche Bank, Microsoft, Intel, TAM, Apple, Barclays, Enphase Energy, Digital, " Bank of America, Sonic Automotive, underperform Bank of America, Underperform, of America, Nvidia, AMD, MU, Caterpillar, Air Defense, Swift Transportation, EPAM, IT Services, Materials, Compass Minerals, JPMorgan, Dow, Teledyne, HSBC Locations: China, underperform, Israel

☆ The FTC says Jeff Bezos and Amazon execs used Signal to talk business — and it wants to know more
▼ + stars: | 2024-04-26 | by ( Jyoti Mann | ) www.businessinsider.com time to read: +3 min

Amazon execs used messaging app Signal to discuss business matters, the Federal Trade Commission said. The agency wants to know if execs told Amazon staff to delete messages, and when to use Signal. AdvertisementAmazon's top executives used the encrypted messaging app Signal to discuss "sensitive business matters," the Federal Trade Commission said in a court filing on Thursday. The founder said, "Are you on signal messaging app? "Amazon also recognizes that sellers believe 'that it has become more difficult over time to be profitable on Amazon,'" the FTC filing stated.

Persons: execs, —, Jeff Bezos, Andy Jassy, David Zapolsky, Jeff Wilke, Dave Clark, Tim Doyle, Mike Hopkins, Carlo Bertucci, Amazon's, Zapolsky Organizations: Federal Trade Commission, Amazon, Service, FTC, Amazon MGM Studios

☆ The Fed will be the main event in the week ahead that includes a jobs report, more tech earnings
▼ + stars: | 2024-04-26 | by ( Sarah Min | ) www.cnbc.com time to read: +6 min

On top of that, the latest U.S. jobs market scorecard will be released along with more mega-cap earnings. This week, the U.S. 10-year Treasury yield briefly climbed above 4.7% for the first time since November. That's down sharply from the six or seven rate cuts investors were anticipating coming into the year. April jobs Investors will also get an update on the labor picture next week, with the release of the April nonfarm payrolls report set for Friday. Corporate earnings season will also ramp up in the week ahead with a slew of consumer-facing companies set to report.

Persons: Stocks, Powell, David Alcaly, Jerome Powell's, we've, they're, Brian Nick, Matt Stucky, it's, Stucky, Dow Jones, Nick, Archer, Eli Lilly, Kraft, Estee, Ingersoll Rand, Stanley Black, Decker, Hershey Organizations: Nasdaq, Google, Microsoft, Treasury, Lazard Asset Management, Macro, Northwestern Mutual Wealth Management Company, Fed, Apple, Micro Computer, Dallas Fed, Paramount, ON Semiconductor, Chicago PMI, Prudential Financial, Devices, Storage, Diamondback Energy, Caesars Entertainment, Corning, Daniels, Midland, Molson Coors Beverage, Marathon Petroleum, GE Healthcare Technologies, PayPal, ADP, P Global, Manufacturing, Oil, MGM Resorts International, Allstate, Etsy, eBay, Qualcomm, MetLife, First, Devon Energy, Cruise Line Holdings, Brands, Marriott International, Kraft Heinz, Pfizer, Companies, CVS Health, Generac, Mastercard, Labor, Nation Entertainment, Booking Holdings, Natural Resources, Motorola Solutions, Expedia, EOG, Coterra Energy, Dominion Energy, Howmet Aerospace, ConocoPhillips, Moderna, PMI, Services PMI Locations: U.S, Chicago, McDonald's, Albemarle, EOG Resources

☆ Opinion | Salman Rushdie Is Not Who You Think He Is
▼ + stars: | 2024-04-26 | by ( The Ezra Klein Show | ) www.nytimes.com time to read: +1 min

I feel as if I’ve always known who Salman Rushdie is. In August of 2022, more than 30 years after the fatwa, a fanatic with a knife attacked and tried to kill Rushdie. His latest book, “Knife: Meditations After an Attempted Murder,” is about the attack and its aftermath. This is what I now understand after reading “Knife,” what I now understand after I went and read, for the first time, “The Satanic Verses”: I have never known who Salman Rushdie is. How many people out there do I wrongly think that I know?

Persons: “, Ezra Klein, I’ve, Salman Rushdie, ”, Ruhollah Khomeini, Rushdie, it’s, It’s Organizations: Apple, Spotify, Amazon Music, Google Locations: Iran

☆ Why chipmakers are the stars of the week, plus Cramer's read-through on 3 reports
▼ + stars: | 2024-04-26 | by ( Jeff Marks | ) www.cnbc.com time to read: +4 min

Best in months: The S & P 500 and Nasdaq are both higher on Friday, on pace for their best weeks since November. The gains break a three-week losing streak for the broad-based S & P and four straight losing weeks for the tech-heavy Nasdaq. About 46% of the S & P 500 has reported earnings so far, with nearly three quarters beating consensus expectations, according to FactSet. Earnings ahead : The busiest week of the first-quarter earnings season is coming up. But the company will still be buying back stock ahead of better times."

Persons: Jim Cramer, there's, Grace Hopper Superchip, Sanjay Mehrotra, Lam, Sanjay, we'll, Dow, Dupont, Jim Cramer's, Jim, Milton J, Kevin Lamarque Organizations: CNBC, Nasdaq, Microsoft, Intel, Nvidia, Micron, Lam Research, Apple, Coterra Energy, Starbucks, DuPont, Jim Cramer's Charitable, Micron Technology, Rubenstein Museum of Science, Technology Locations: Chevron, Devon, Syracuse , New York, U.S

☆ Alphabet stock surges 11% on blowout earnings and first dividend for Google owner
▼ + stars: | 2024-04-26 | by ( George Glover | ) www.businessinsider.com time to read: +3 min

Alphabet shares surged in Friday's premarket after a blowout earnings report for the Google owner. AdvertisementAlphabet stock surged ahead of Friday's opening bell as investors cheered the Google owner's blowout first-quarter earnings. If those gains hold until the opening bell, its valuation will top $2 trillion for the first time. Meanwhile, Microsoft stock made more modest gains after it reported first-quarter earnings on Thursday afternoon. Shares were up almost in pre-market trading, putting its market capitalization on course to jump about $11 billion at the opening bell back above $3 trillion.

Persons: —, AJ Bell, Russ Mould, Amy Hood, hadn't, OpenAI, Sophie Lund, Yates, Hargreaves Lansdown Organizations: Google, Microsoft, Nasdaq, Big Tech, Service, Apple Locations: Friday's

☆ CEOs make the message clear on AI's big payoff: Be patient
▼ + stars: | 2024-04-26 | by ( Lloyd Lee | ) www.businessinsider.com time to read: +5 min

And the initial signs are quite positive here too," Zuckerberg told investors in an earnings call. AdvertisementElon Musk had even stronger words for investors on Tuesday after Tesla reported plunging profits. Even so, Musk insisted during an earnings call that Tesla is an AI company and had a specific message to any shareholder who thinks that Tesla won't develop self-driving someday. On Thursday, Microsoft and Alphabet reported profits, which they ascribed in part to their respective AI sectors. Google's parent company reported $23.7 billion in profits for the same period.

Persons: —, Apple, Demis Hassabis, Sam Altman, Mark Zuckerberg, Zuckerberg, we've, Elon Musk, Tesla, Musk, Matthew Prince, Sundar Pichai, Pichai Organizations: Service, Meta, OpenAI's, EV, Economic, Reuters, Nvidia, Microsoft Locations: Davos

☆ Google's 'fastest-growing' moonshot that spun out into an AI earbuds startup aims to ship its first product this year
▼ + stars: | 2024-04-26 | by ( Hugh Langley | ) www.businessinsider.com time to read: +7 min

Read previewA team inside X, Google's moonshot factory, was working on a revolutionary hearing device, Business Insider reported in 2021. A few months later, Wolverine's lead, Jason Rugolo, spun the project out of Alphabet and formed a startup named Iyo. Rugolo says the company plans to ship its first product by the end of this year. Rugolo told BI he hired Kraft for a stint at Google X to work on what would become Iyo. Iyo isn't the first X project to fly from Alphabet's nest, and it probably won't be the last.

Persons: —, Google's, Jason Rugolo, Rugolo, Iyo, Lockheed Martin, Sergey Brin, Noah Kraft, Kraft, we're, X Organizations: Service, Business, Lockheed, Horizons Ventures, US, ARPA, Research Projects Agency, Energy, Google, Doppler Labs, Spotify, TED, Wolverine, BI

Federal authorities say a "critical safety gap" in Tesla 's Autopilot system contributed to at least 467 collisions, 13 resulting in fatalities and "many others" resulting in serious injuries. The findings come from a National Highway Traffic Safety Administration analysis of 956 crashes in which Tesla Autopilot was thought to have been in use. Tesla's Autopilot design has "led to foreseeable misuse and avoidable crashes," the NHTSA report said. The agency also said it was opening a new probe into the effectiveness of a software update Tesla previously issued as part of a recall in December. "People are dying due to misplaced confidence in Tesla Autopilot capabilities.

Persons: Tesla, Lars Moravy, Edward J, Markey, Richard Blumenthal, Conn, Walter Huang, Elon Musk, Musk, Philip Koopman, Koopman Organizations: Tesla, Traffic, NHTSA, CNBC, NBC News, Apple, Carnegie Mellon University Locations: U.S, Mountain View , California, Snohomish County , Washington, Sens

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe reinvention of Mark ZuckerbergOver the past year, Mark Zuckerberg has transformed Meta - and himself. He has gone from a brash young CEO to trained MMA fighter, and a trendsetter with his fur jackets and chains. But Meta's latest earnings report has shown it's continuing to bleed cash, and Zuckerberg is now facing a moment of truth. Can he deliver on generative AI, the most important platform shift in decades? This week on TechCheck, the reinvention of Zuck and the arrival of his "show me" moment.

Persons: Mark Zuckerberg, he's, Meta outperforming, Zuckerberg Organizations: Meta, Nvidia

☆ Cramer's week ahead: Fed meeting and earnings from Apple, Amazon, Eli Lilly
▼ + stars: | 2024-04-26 | by ( Julie Coleman | ) www.cnbc.com time to read: +2 min

It's a week jam-packed with notable events, including earnings from Apple , Amazon and Eli Lilly . He also said to pay attention to Wednesday's Federal Reserve meeting and Friday's employment figures from the Department of Labor. "We have to run such a ridiculous gauntlet next week that I have no idea how it'll play out," he said. Wednesday also brings reports from Wingstop , Carvana and Marriott . Apple will report on Thursday, and Cramer noted there's been a lot of negative sentiment from investors surrounding the company.

Persons: CNBC's Jim Cramer, Eli Lilly, Jensen Huang, Cramer, it's, he'll, Seagen, there's Organizations: Apple, Federal Reserve, Department of Labor, Nvidia, Food and Drug Administration, Starbucks, CVS, Pfizer, Amazon, Walgreens, Marriott, Vision Locations: It's, China, Wingstop, Carvana

☆ I got my dream job at Apple on my fourth attempt. Here's why I left the 6-figure job after only 2 years.
▼ + stars: | 2024-04-25 | by ( Ella Hopkins | ) www.businessinsider.com time to read: +4 min

Corey Griffin landed a job as a software engineer at Apple after showcasing his side hustles. He worked for Apple Music but left to pursue his business this year. I applied for a job at Apple 4 timesI landed a job as a software engineer at Apple in August 2021. I left my Apple job after 2 yearsI worked on software for the Apple music team, including radio and podcasts. I left Apple in December 2023 to pursue my media business full-time, particularly the Speakflow product.

Persons: Corey Griffin, Griffin, —, Vox, I'd Organizations: Apple, Apple Music, Service, Los Angeles . Business, Big Tech, Stanford, Harvard, Rotten Locations: Los Angeles, Culver City , California

☆ 26-year-old's side hustle brings in $38,500 a month, takes 20 minutes a day: This can be 'passive all year long'
▼ + stars: | 2024-04-25 | by ( Megan Sauer | ) www.cnbc.com time to read: +4 min

Francisco Rivera quit his tutoring job in December after his side hustle brought in six-figures in 2023. DON'T MISS: The ultimate guide to earning passive income online Rivera estimates 30% to 50% of each sale is profit. The success of Rivera's Etsy shop allowed him to quit his tutoring job in December. Leveraging existing skillsAfter college, Rivera worked in Apple stores in the Dallas-Fort Worth area for three years. Rivera started seeking new ways to make income when demand for online tutoring waned after the pandemic, he says.

Persons: Francisco Rivera, Francisco Rivera's, Rivera, Rivera's, he's, Bali —, That's Organizations: Sail University, Apple, CNBC, Outschool Locations: Bali, Dallas, Fort Worth, Orlando

☆ Even Gwyneth Paltrow is worried about becoming an empty nester
▼ + stars: | 2024-04-25 | by ( Amanda Goh | ) www.businessinsider.com time to read: +3 min

Gwyneth Paltrow is worried about becoming an empty nester too. "It's kind of giving me a nervous breakdown, if I'm honest," Paltrow said at her 11th In Goop Health summit. Paltrow has two kids, Apple and Moses, with her ex-husband Chris Martin. AdvertisementGwyneth Paltrow is nervous about becoming an empty nester when her son heads off to college this fall. This isn't the first time Paltrow has spoken about becoming an empty nester.

Persons: Gwyneth Paltrow, Paltrow, Moses, Chris Martin, —, Coldplay, Apple, Brad Falchuk, Jennifer Freed, Jessica Sosso Organizations: Service, Hollywood, Apple, Vanderbilt University, Brown University, Times, Mayo Clinic Locations: Wisconsin, Mayo

☆ The Investment Committee's Pullback Playbook: Nvidia, Applied Materials, Apple, Uber, XLF and XLV
▼ + stars: | 2024-04-25 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe Investment Committee's Pullback Playbook: Nvidia, Applied Materials, Apple, Uber, XLF and XLVThe Investment Committee share their pullback playbook for today's down market.

Organizations: Nvidia, Applied, Apple

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