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☆ Carvana shares spike 30% as used car retailer posts record first quarter
▼ + stars: | 2024-05-01 | by ( Michael Wayland | ) www.cnbc.com time to read: +2 min

Vehicles are seen on display at a Carvana dealership in Austin, Texas, on Feb. 20, 2023. Shares of Carvana popped more than 30% during after-hours trading Wednesday after the automaker reported record quarterly results and turned a profit during the first quarter. It also posted an all-time-best adjusted earnings before interest, taxes, depreciation and amortization of $235 million, up from a $24 million loss a year earlier. Carvana's adjusted profit margin for the quarter was 7.7%. They had climbed roughly 67% so far this year before the company reported its first-quarter results.

Persons: Carvana, Ernie Garcia III, Garcia, Mark Jenkins Organizations: Wednesday Locations: Austin , Texas

☆ Carvana CEO Ernie Garcia goes one-on-one with Jim Cramer
▼ + stars: | 2024-04-19 | by ( Jim Cramer | ) www.cnbc.com time to read: 1 min

Carvana CEO Ernie Garcia goes one-on-one with Jim CramerCarvana Co-Founder, President and CEO Ernie Garcia sits down with 'Mad Money' host Jim Cramer to talk Carvana's turnaround effort.

Persons: Ernie Garcia, Jim Cramer Carvana, Jim Cramer

☆ Baidu releases new AI tools to promote application development
▼ + stars: | 2024-04-18 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +4 min

Baidu's newly announced AI tools allow people with no coding knowledge to create generative AI-powered chatbots for specific functions, which can then be integrated in a website, Baidu search engine results or other online portals. watch nowThe basic Baidu tools are generally available to try for free, up until a certain usage limit, similar to some of Google's cloud and AI functions. Baidu this week also announced three new versions of its Ernie AI model — called "Speed," "Lite" and "Tiny" — that coders can selectively access, based on the complexity of the task. In a demonstration hall, Baidu business departments showed off how the AI tools could be integrated with virtual people doing livestreams, or directing search engine traffic to an AI-based interactive buying guide. Also on display was a humanoid robot developed by Shenzhen-based UBTech Robotics that used Baidu's Ernie AI model for understanding commands and reading written words.

Persons: Robin Li, Ernie bot, OpenAI, Ernie, Bo Du, Baidu, Buysmart.AI, Andy Qiu, That's, Qiu Organizations: Bloomberg, Getty Images, Baidu, CNBC, WestSummit Capital Management, Robotics Locations: Shenzhen, China, Getty Images SHENZHEN, Weibo, U.S

☆ Baidu says its ChatGPT-like Ernie bot exceeds 200 million users
▼ + stars: | 2024-04-16 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +2 min

Men interact with a Baidu AI robot near the company logo at its headquarters in Beijing, China April 23, 2021. Florence Lo | ReutersSHENZHEN — Baidu CEO Robin Li said Tuesday the company's ChatGPT-like Ernie bot has exceeded 200 million users. Li, who is also co-founder and chairman of Baidu, was delivering an opening speech titled "Everyone is a Developer" at Baidu's AI Create conference. Smartphone companies Samsung and Honor have integrated Ernie's AI capabilities with certain mobile devices. Li said in February that Baidu's AI chip reserve "enables us to continue enhancing Ernie for the next one or two years."

Persons: Florence Lo, Robin Li, Ernie, Li, Joe Tsai Organizations: Baidu, Reuters SHENZHEN, Samsung, Norges Bank Investment Management Locations: Beijing, China

☆ Off-price retail is poised to keep taking market share. Why is TJX's stock stuck?
▼ + stars: | 2024-04-14 | by ( Paulina Likos | ) www.cnbc.com time to read: +6 min

The ongoing challenges for department stores, which extend back more than a decade, keep playing into the hands of off-price competitors, UBS said. Despite woes at other retailers, TJX stands out as a resilient company well-equipped to avoid many of the industry's challenges. TJX 1Y mountain TJX's stock performance over the past 12 months. One factor keeping a lid on TJX's stock recently may be that it is trading close to its historical valuation, noted Chuck Grom, a consumer and retail analyst at Gordon Haskett. On the other hand, spending at department stores fell 3.7% in March after a 5.2% decline in February, according to Bank of America.

Persons: Jeff Marks, TJX, — TJX, Ernie Herrman, Chuck Grom, Gordon Haskett, Grom, TJX's, Corey Tarlowe, Tarlowe, Jim Cramer's, Jim Cramer, Jim, Jeff Greenberg Organizations: Companies, TJX Companies, Ross Stores, UBS, Burlington Stores, Nordstrom, Marshalls, Home Goods, CNBC, Loop, Jefferies, Bank of America, Universal, Getty Locations: Maxx, Port St Lucie , Florida

☆ Jack Ma is praising Alibaba. Wall Street is more cautious
▼ + stars: | 2024-04-14 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +4 min

Alibaba shares got a boost last week from news founder Jack Ma is pleased with the company's turnaround so far. They cut their price target to $100 a share, down from $105 previously, while maintaining an overweight rating. Eddie Wu became CEO of Alibaba in September, and is also acting head of the cloud business. They cut their price target by $1 to $105 a share and maintained their buy rating. They have a price target of $85, and, in contrast to the many buy ratings, rate the stock equal weight.

Persons: Jack Ma, Joe Tsai, Ma, Alex Yao, Tsai, Nicolai Tangen, We've, Eddie Wu, Trudy Dai, Daniel Zhang, Kenneth Fong, Douyin, Nomura, Doubao, Ernie, Qianwen, monetization, Morgan Stanley, Gary Yu, — CNBC's Michael Bloom, Arjun Kharpal Organizations: CNBC, Wall Street, JPMorgan, Norges Bank Investment, Alibaba, Commerce, UBS, PDD Holdings, Norges Bank Investment Management Locations: China, U.S, Taobao, BABA

☆ In AI rivalry with the U.S., China is behind on a key asset: Its own OpenAI
▼ + stars: | 2024-03-31 | by ( Rebecca Fannin | ) www.cnbc.com time to read: +4 min

In China, which is angling to produce its own chips or get more from Nvidia, no dominant gen AI contender to OpenAI has emerged yet among dozens of Chinese tech titans and startups. Last year, funding of gen AI upstarts accounted for nearly half of $42.5 billion invested globally in artificial intelligence companies, according to CB Insights. "China is at a big disadvantage in building the foundation models for Gen AI," said Rui Ma, an AI investor and co-founder of investment syndicate and podcast TechBuzz China. China does have the tech talent to make a difference in the AI rivalry in the years ahead. Additionally, among top-tier AI researchers working at U.S. institutions, 38% have China as their country of origin, compared with 37% from the U.S.New Chinese gen AI market entries can also reach mass adoption quickly.

Persons: Ernie Bot, OpenAI, Paul Triolo, Jenny Xiao, Rui Ma, Triolo, Sora, Ma, Marco Polo, Baidu's, Ernie, Leong Organizations: Global, Trade, Hangzhou International, Nvidia, tech titans, titans Microsoft, Google, Amazon, U.S, Dentons Global Advisors, Leonis Capital, OpenAI, Paulson Institute, U.S ., Samsung, Apple, Baidu Locations: Hangzhou, Zhejiang Province, China, Washington ,, Silicon, San Francisco, The U.S, U.S, OpenAI

☆ It's a do-or-die moment for debt-riddled Warner Bros. Discovery's live-sports strategy as it vies for NBA rights
▼ + stars: | 2024-03-08 | by ( James Faris | ) www.businessinsider.com time to read: +6 min

WBD generated $6.2 billion of free cash flow through 2023 and likely shelled out around $1.4 billion of that for NBA games. Analysts estimate that figure would be closer to $2 billion if WBD re-ups its NBA package. WBD wants a big NBA deal, despite Wall Street's wishesSixteen months ago, Zaslav said WBD didn't "have to have" the NBA. NBA ratings have been lackluster lately, with national TV games averaging 1.6 million viewers in the last two seasons. Zaslav's latest public remarks on the NBA negotiations reflect that.

Persons: —, Shaquille O'Neal, Charles Barkley, Tim Nollen, Max, Jason Bazinet, WBD, David Zaslav, it's, Jessica Reif Ehrlich, Wall, Zaslav, John Hodulik, Chuck, Ernie Johnson Organizations: Service, Basketball Hall of Famers, NBA, TNT, ESPN, Warner Bros, Business, Media, Amazon, NBC, Comcast, Apple, Netflix, WWE, Macquarie, Disney, Fox, Cable, Citigroup, Warners, of America, Street, Zaz, UBS Locations: Shaq

☆ ‘Dune: Part Two’ can inspire you to revisit these other timeless sci-fi sequels
▼ + stars: | 2024-03-02 | by ( Dan Heching | ) edition.cnn.com time to read: +7 min

Twentieth Century Fox/Courtesy Everett CollectionWhat better way to start off than with one of the greatest sequels – and sci-fi films in general – ever made, with a screenplay that’s been taught in film schools. ‘Star Trek II: The Wrath of Khan’ (1982)DeForest Kelley, William Shatner and Leonard Nimoy in 1982's "Star Trek II: The Wrath of Khan." ‘Dawn of the Planet of the Apes’ (2014)Andy Serkis in 2014's "Dawn of the Planet of the Apes." ‘Star Wars: Episode V - The Empire Strikes Back’ (1980)"Star Wars: The Empire Strikes Back" (1980). “Dune: Part Two” is produced by Warner Bros. Pictures, which, like CNN, is owned by Warner Bros.

Persons: Denis Villeneuve’s, there’s, Sigourney Weaver, –, James Cameron’s Oscar, Ridley Scott’s, Ellen Ripley’s, Carrie Henn, Khan ’, DeForest Kelley, William Shatner, Leonard Nimoy, Khan, Everett, ”, Ricardo Montalban, “ Khan ”, Arnold Schwarzenegger, James Cameron, he’s, Arnold Schwarzenegger’s, Linda Hamilton, Sarah Connor –, Andy Serkis, Caesar, “ Dawn ”, Max, Thunderdome, Mel Gibson, Warner, Mad Max, George Miller’s, Tina Turner’s, Tom Hardy, Charlize Theron, Miller, Theron’s Furiosa, Anya Taylor, Joy, Ernie Hudson, Dan Aykroyd, Bill Murray, Harold Ramis, Annie Potts, Rick Moranis, Peter MacNicol, Howard Huntsberry, George Lucas Organizations: CNN, Rotten, Century Fox, Paramount, “, TriStar, Columbia, ‘, Lucasfilm Ltd, Wars, Warner Bros . Pictures, Warner Bros . Locations: Ripley, ‘, “ Kingdom

☆ HomeGoods has become 'a bit of a cult,' TJX CEO says
▼ + stars: | 2024-02-29 | by ( Dominick Reuter | ) www.businessinsider.com time to read: +3 min

HomeGoods is the housewares and furnishings brand in TJX's off-price retail family. "It's become a bit of a cult," TJX CEO Ernie Herrman joked about the brand's popularity on TikTok. AdvertisementAnyone who has ever set foot in a HomeGoods store has likely walked out with at least one thing they hadn't planned on purchasing. HomeGoods is the housewares brand in the TJX off-price retail family, which includes megastars T.J. Maxx and Marshalls, plus the outdoorsy Sierra. Advertisement"It's become a bit of a cult," TJX CEO Ernie Herrman joked during the company's fourth-quarter earnings call on Wednesday.

Persons: HomeGoods, It's, Ernie Herrman, —, Herrman, housewares Organizations: Service, HomeGoods, Marshalls, TJX Locations: Maxx, HomeGoods

☆ Baidu revenue grows 6% in fourth quarter as AI and advertising boost business
▼ + stars: | 2024-02-28 | by ( ) www.cnbc.com time to read: +1 min

Baidu has launched a slew of AI applications after its Ernie chatbot received public approval. China's Baidu said fourth-quarter revenue rose 6%, helped by gains from its artificial intelligence applications and a growing advertising business. For the three months through December, the company reported revenue of 34.95 billion yuan ($4.92 billion), broadly in line with analysts' average estimate of 34.97 billion yuan, according to LSEG data. The company's adjusted net income rose by 44% to 7.76 billion yuan, compared with 5.37 billion yuan for the same period a year earlier, beating analysts' forecasts for 6.32 billion yuan. The company said ERNIE AI services have already started to contribute to Baidu's revenues.

Persons: Ernie chatbot, Baidu, ERNIE Bot, ERNIE, Robin Li Organizations: Baidu

☆ Jim Cramer's quick thoughts on cybersecurity stocks, Disney, and our portfolio off-price retail name
▼ + stars: | 2024-02-28 | by ( Jeff Marks | ) www.cnbc.com time to read: +4 min

Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB. Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street.

Persons: Jim Cramer, Ernie Herman, Macy's, TJX, Nordstrom, Cramer, UnitedHealth, Linde, Jim Cramer's, Jim Organizations: CNBC, Consumer, Communication Services, Health Care, Tech, TJX Companies, Target, Palo Alto Networks, Disney, ESPN, Apple, Paramount, Anheuser, Busch, Jim Cramer's Charitable Locations: Maxx, Palo Alto, India

☆ We're raising our price target on TJX after the discount retailer's impressive earnings beat
▼ + stars: | 2024-02-28 | by ( Zev Fima | ) www.cnbc.com time to read: +10 min

Higher sales and lower COGS resulted in better-than-expected gross margin expansion that trickled down to a bottom-line beat. The company's pretax profit margin also expanded versus the year-ago period, benefiting from a higher merchandise margin. The strong merchandise margin was attributable to less shrink (theft), reduced freight costs, and lower markdowns. The company's pretax profit margin also expanded versus the year-ago period, benefiting from a higher merchandise margin. The strong merchandise margin was attributable to less shrink (theft), reduced freight costs, and lower markdowns.

Persons: Ernie Herrman, —, Herrman, Jim Cramer's, Jim Cramer, Jim, Scott Mlyn Organizations: Companies, LSEG, Management, Wall, TJX, CNBC, Shoppers, TJ Maxx, CNBC TJX Companies Locations: Maxx, buybacks, Canada, New York

☆ Cramer's Lightning Round: Cloudflare is a buy
▼ + stars: | 2024-02-26 | by ( Julie Coleman | ) www.cnbc.com time to read: +1 min

Stock Chart Icon Stock chart icon Public Storage's year-to-date stock performance. Stock Chart Icon Stock chart icon Vistra's year-to-date stock performance. Stock Chart Icon Stock chart icon HubSpot's year-to-date stock performance. Stock Chart Icon Stock chart icon Cloudflare's year-to-date stock performance. You must hold on to Cloudflare, and if it gets hit, you buy more [buy, buy, buy!]."

Persons: Let's, Cloudlfare, Matthew Prince, Carvana, Ernie Garcia, Jim Cramer's Organizations: AMN Healthcare Services, AMN Healthcare Locations: Cloudflare

☆ China’s AI stocks are surging. Here are the names to watch
▼ + stars: | 2024-02-25 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +7 min

The investment analyst team led by Gary Yu has a $140 price target and overweight rating on Baidu's U.S.-listed shares. "We believe the current AI cloud integration between Galaxy AI and Ernie is just the first step," Yu said. For all the interest in AI stocks, China markets this year are still grappling with worries about whether Beijing is doing enough to support economic growth. They have a price target of 160 yuan on Shanghai-listed shares of Cambricon — upside of 12% from Friday's levels. They have a price target of 380 yuan on Shanghai-listed Kingsoft, up more than 50% from Friday's levels.

Persons: Morgan Stanley, Gary Yu, Yu, Ernie chatbot, Ernie, Fawne Jiang, Jiang, Baidu, Alex Yao, Yao, Geoffrey Hinton, Cade Metz, Hinton, Metz, it's, Sinodata, Microsoft didn't, EPFR, Bernstein, monetization Organizations: Bloomberg, Baidu, U.S, Huawei, Galaxy, Benchmark, JPMorgan China, Mavericks, Google, Facebook, Microsoft, Shenzhen Stock Exchange, Shanghai, China Equity Funds, Nvidia Locations: China, U.S, Shenzhen, Beijing, Shanghai

☆ Carvana CEO Ernie Garcia on Q4 results: We're in the best position we've ever been
▼ + stars: | 2024-02-23 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCarvana CEO Ernie Garcia on Q4 results: We're in the best position we've ever beenErnie Garcia, Carvana CEO, joins 'Money Movers' to discuss the company's upbeat outlook for 2024, how sticky the improvements are for this year, and the company's restructuring of its debt program.

Persons: Ernie Garcia

☆ Use It or Lose It? Mouse Study Reveals Key to Healthy Erections
▼ + stars: | 2024-02-09 | by ( Feb. | At A.M. | ) www.usnews.com time to read: +3 min

By Ernie Mundell HealthDay ReporterHealthDayFRIDAY, Feb. 9, 2024 (HealthDay News) -- Is 'practice makes perfect' true for the male erection, too? The key seemed to lie in connective tissue cells called fibroblasts. So, "an increased frequency of erections leads to more fibroblasts that enable erection," he said. The opposite also appeared to be true: "A decreased frequency results in fewer of these cells," Göritz said. "This is not something we have shown in our study, so it is a bit speculative, but a reasonable interpretation is that it gets easier if you have regular erections,” Göritz said.

Persons: Ernie Mundell, erections, ”, Eduardo Guimaraes, Christian Göritz, Göritz, Guimaraes, It’s, ” Göritz Organizations: Karolinska Institute, Karolinska, National Institute of Diabetes Locations: Stockholm, Swedish

☆ A year after bankruptcy concerns, Carvana is leaner and ready for its Wall Street redemption
▼ + stars: | 2024-02-02 | by ( Michael Wayland | ) www.cnbc.com time to read: +13 min

Carvana over the last 18 months aggressively restructured its operations and debt amid bankruptcy concerns to pivot from growth to cost-cutting. Carvana puts each vehicle it intends to sell through a lengthy inspection, repair and sale preparation process. A Ford F-150 is prepped for a painting booth at Carvana's vehicle reconditing center outside Phoenix. The Wall Street Journal in December 2021 detailed a network of Garcia companies that do business with DriveTime, Carvana or both. Carvana sells such warranties or other service-related protections to customers, and DriveTime takes them over, giving Carvana a commission.

Persons: Michael Wayland, Ernie Garcia III, Ernie Garcia II, Garcia, Carli, Carvana, There's, Richard, Dick, Nixon, there's, Ernie Garcia, pathing, Rajat Gupta, Doug Guan, we've, CNBC Guan, Coldplay, Neil Diamond, Teresa Aragon, DriveTime, Duckling, Garcia II, Charles Keating's Lincoln, hasn't, – Organizations: CNBC PHOENIX, CNBC, Ford, Ford Motor, Nissan, State, Charles Keating's Lincoln Savings & Loan, Street Journal, DriveTime Locations: Tempe, Ariz, Tempe , Arizona, Phoenix, Carvana, Florida, reconditioning, Silicon Valley, Aragon, DriveTime, Drivetime

☆ China is building its own AI at a rapid pace
▼ + stars: | 2024-01-30 | by ( Tom Carter | ) www.businessinsider.com time to read: +3 min

Chinese tech giants are racing to catch up with US firms like OpenAI in the AI arms race. Over 40 AI models have been approved for public use by the government, per local news reports. China has tight controls on AI , with tech companies required to "adhere to socialist values." Unlike their US rivals, Chinese companies that develop their own chatbots face political as well as technological challenges. That has meant that many of the country's most advanced AI models have a tendency to avoid sensitive topics, such as the status of Taiwan.

Persons: —, Ernie, OpenAI's, Bytedance, China's, Ernie Bot Organizations: Service, Reuters, Baidu, Google, Apple, Huawei, Xiaomi, Bloomberg Locations: China, Taiwan

☆ Baidu's Ernie AI chatbot to power Samsung's new Galaxy S24 smartphones
▼ + stars: | 2024-01-26 | by ( Sheila Chiang | ) www.cnbc.com time to read: +1 min

Samsung Electronics Co. Galaxy S24 smartphones during a media preview event in Seoul, South Korea, on Monday, Jan. 15, 2024. Samsung, the world's most prolific smartphone maker, is leaning into artificial intelligence as the key to unlocking greater sales this year. Photographer: SeongJoon Cho/Bloomberg via Getty ImagesBaidu AI Cloud will be integrating its Ernie chatbot into Samsung's Galaxy S24 smartphones, allowing users to translate calls in real time, among other features. Ernie is the Chinese tech giant's answer to OpenAI's ChatGPT, a chatbot powered by artificial intelligence technology that's able to generate humanlike responses to users' prompts. Baidu claims it is the "most powerful version of Ernie foundation model to date," with the full capabilities of understanding, generation, reasoning, and memory.

Persons: SeongJoon Cho, Ernie chatbot, Ernie, OpenAI's, Apple Organizations: Samsung Electronics Co, Samsung, Bloomberg, Getty, Baidu, Samsung's, Apple, IDC, Vivo, Huawei Locations: Seoul, South Korea, China

NEW YORK (AP) — British billionaire Joe Lewis, whose family trust owns the Tottenham Hotspur soccer club, pleaded guilty Wednesday to insider trading and conspiracy charges in New York. The 86-year-old businessman entered the plea in Manhattan federal court six months after he was charged in the case. U.S. Attorney Damian Williams said the plea deal includes the largest financial penalty for insider trading in a decade. Broad Bay Limited, which Lewis owns, will pay more than $50 million in financial penalties, the prosecutor said in a release. Federal sentencing guidelines call for a prison sentence of between 18 and 24 months, though Lewis can seek less than that.

Persons: Joe Lewis, Lewis, Damian Williams, —, Joseph Lewis, Williams, Forbes, Lewis ’, Picasso, Matisse, Degas, Woods, Ernie Els, Justin Timberlake, Prosecutors, Jennifer Peltz Organizations: Tottenham Hotspur, Broad, U.S, Premier League, Lewis ’ Tavistock Group, Associated Locations: British, New York, Manhattan, United States, oceanside

DUBAI, United Arab Emirates (AP) — Rory McIlroy won the Dubai Desert Classic for a record fourth time after reeling in Cameron Young early in the final round then holding off Adrian Meronk down the back nine to seal a one-stroke victory on Sunday. Among his 38 wins as a professional, he had also won the Tour Championship and Wells Fargo Championship three times. Young started Day 4 with a two-stroke lead but was trailing McIlroy — his playing partner in the final group — after making bogey at No. McIlroy broke a tie with South African great Ernie Els, who had also won the Dubai Desert Classic three times, and has started 2024 with a second and first. “A couple little things still to work on,” McIlroy added, “but these weeks are great.

Persons: — Rory McIlroy, Cameron Young, Adrian Meronk, McIlroy, Young, McIlroy —, Tommy Fleetwood —, ”, ” Meronk, Ernie Els, “ It’s, ” McIlroy Organizations: United Arab Emirates, Dubai, Sunday, Wells Fargo, Dubai Invitational, South, Dubai Desert Locations: DUBAI, United Arab, Nos, Meronk, European, Dubai

HONG KONG (AP) — Technology company Baidu on Monday refuted a newspaper report that said its artificial intelligence chatbot Ernie was linked to Chinese military research. The paper stated that the division had tested its artificial intelligence system on Baidu’s Ernie and on artificial intelligence firm iFlyTek’s Spark, both of which are language-based AI chatbots similar to ChatGPT. “Ernie Bot is available to and used by the general public,” the Chinese company said in its statement. Like ChatGPT, users can pose questions or requests to Ernie Bot, which would then generate content based on the initial prompt. The Beijing-headquartered firm said in December that it had more than 100 million users for Ernie Bot.

Persons: Ernie, Baidu, Ernie Bot Organizations: — Technology, Baidu, Hong, China Morning, People’s Liberation Army cyberwarfare, PLA Information Engineering University, China Morning Post, PLA, Huawei, U.S Locations: HONG KONG, Hong Kong, U.S, China, Taiwan, Beijing

HONG KONG (AP) — Asian shares were mostly higher on Monday, with Tokyo extending its New Year rally, as China’s central bank kept its one-year policy loan interest rate unchanged. China’s central bank opted to keep its one-year policy loan interest rate at 2.5% on Monday while injecting funds into the financial system. Traders are largely betting on the Fed cutting its main interest rate six or more times through 2024. The airline and other travel-related companies were also hurt by a rise in oil prices, which put pressure on their fuel costs. A barrel of benchmark U.S. crude oil rose 10 cents to $72.78.

Persons: Zhaopeng Xing, Raymond Yeung, “, Ernie, Baidu, Lai Ching, Lai, Taiwan’s Taiex, Australia’s, It's, Yemen’s Houthi, Brent Organizations: ANZ, Baidu, Democratic Progressive Party, Dow Jones, UnitedHealth Group, Nasdaq, Federal Reserve, Treasury, Traders, Fed, Delta Air Lines, United Airlines, Cruise Line Holdings, U.S Locations: HONG KONG, Tokyo, Hong Kong, Shanghai, South Korea, China, Taiwan

☆ I visited T.J. Maxx's outdoorsy sibling Sierra, the most interesting brand in the TJX family
▼ + stars: | 2024-01-14 | by ( Dominick Reuter | ) www.businessinsider.com time to read: +6 min

Sierra is TJX's outdoor lifestyle brand, selling apparel, gear, home goods, and pet products. Business Insider visited a store for a closer look at T.J. Maxx's younger, sportier sibling. The Sierra store in Madison, Wisconsin, is just two doors down from a T.J. Maxx location. Dominick Reuter/Business InsiderSierra's tiny stature means it barely receives individual mention in TJX earnings calls beyond annual announcements of planned store openings, per AlphaSense. AdvertisementTJX's fingerprints are all over Sierra's stores, and the combination of its tried-and-tested playbook with this retail category make the small-but-mighty brand an exciting one to follow.

Persons: —, Dominick Reuter, I'm, TJX, Placer.ai, Ernie Herrman, Stanley, Dick's, REI, Sierra Organizations: Business, Service, Sporting, Sierra, Trading, Marshalls, Public Lands Locations: Wisconsin, Sierra, Madison , Wisconsin, Reno , Nevada, Wyoming, Denver, Burlington , Vermont, Framingham , Massachusetts, Maxx, REI

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