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☆ Meta's AI venture is a good long-term investment, says Raymond James' Josh Beck
▼ + 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 EmailMeta's AI venture is a good long-term investment, says Raymond James' Josh BeckJosh Beck, Raymond James senior internet analyst, joins 'Closing Bell' to discuss Meta and if investors should play into its AI venture.

Persons: Raymond James, Josh Beck Josh Beck

☆ Ad transparency tools are 'major disappointment' ahead of election, new study shows
▼ + stars: | 2024-04-16 | by ( Hayden Field | ) www.cnbc.com time to read: +5 min

That's according to research out Tuesday from Mozilla and CheckFirst, which concludes that leading tech platforms are lagging in their ad transparency tools. None of the results were great, and some were "a major disappointment," according to the researchers. "This is now no longer something that's voluntary," Claire Pershan, EU advocacy lead at Mozilla, told CNBC. It's troubling news as the major platforms prepare for a huge year of elections that affect upward of 4 billion people in more than 40 countries. Lesplingart told CNBC that users had to know the advertiser name, targeted country and date of the advertisement in order to export to an ad file.

Persons: Sundar Pichai, Microsoft's Bing, Claire Pershan, Amaury Lesplingart, CheckFirst, Josh Becker, Lesplingart, Bing, Alibaba's, Zalando, Booking.com, TikTok, it's, we'd Organizations: Inc, Government, Society, Mozilla, Google, LinkedIn, Union's Digital Services, CNBC, Democratic, X, European Commission, DSA, Meta, YouTube Locations: Stanford , California, U.S, Meta, California

☆ Google restricts election-related queries for its Gemini chatbot
▼ + stars: | 2024-03-12 | by ( Hayden Field | ) www.cnbc.com time to read: +4 min

Sundar Pichai, CEO of Google and Alphabet, speaks on artificial intelligence during a Bruegel think tank conference in Brussels, Belgium, on Jan. 20, 2020. Google announced it will restrict the types of election-related queries that users can ask its Gemini chatbot, adding it has already rolled out the changes in the U.S. and in India, where voters will head to the polls this spring. "Out of an abundance of caution on such an important topic, we have begun to roll out restrictions on the types of election-related queries for which Gemini will return responses," Google wrote in a blog post on Tuesday. "We take our responsibility for providing high-quality information for these types of queries seriously, and are continuously working to improve our protections." A Google spokesperson told CNBC that the changes are in line with the company's planned approach for elections.

Persons: Sundar Pichai, Gemini, Google's DeepMind, Josh Becker, screenshotting, Pichai, Sissie Hsiao, Bard Organizations: Google, CNBC, Gemini, Mobile, Democratic, Microsoft, Amazon Locations: Brussels, Belgium, U.S, India, Barcelona, California

☆ Forget FANG and Magnificent 7, the new hot portfolio is 'MnM,' says Raymond James
▼ + stars: | 2024-02-02 | by ( Yun Li | ) www.cnbc.com time to read: +2 min

Microsoft, Nvidia & *now* Meta Leading in AI Era," Raymond James analyst Josh Beck said in a note to clients. META NVDA,MSFT YTD mountain MnM portfolio Apple, Alphabet, Amazon, Microsoft, Meta Platforms, Nvidia and Tesla – referred to as the Magnificent 7 –recently replaced the popular FANG acronym coined about a decade ago. Apple shares are now down about 3% on the year and another 3% in premarket trading Friday. Now, Raymond James believes that "MnM" could take the baton from FANG and Magnificent 7 to become the next hottest tech portfolio on Wall Street. Nvidia shares have climbed another 27% this year following a whopping 238% rally last year.

Persons: FANG, Raymond James, Josh Beck, Beck, Apple, Mark Zuckerberg, — CNBC's Michael Bloom Organizations: Microsoft, Nvidia, Meta, Tesla, Apple Locations: China, U.S

☆ Wall Street heads into the week ahead worrying the rally to record highs is running out of steam
▼ + stars: | 2024-02-02 | by ( Sarah Min | ) www.cnbc.com time to read: +7 min

Wall Street continues to climb a wall of worry even as investors deliberate how much longer equities can maintain their record run. But questions remain for investors after some major disappointments in an intense week suggested more challenges ahead. Apple dropped 3% this week after reporting lackluster earnings, weighing on the Dow Jones Industrial Average. Elsewhere in corporate earnings, regional banks as represented by the SPDR S & P Regional Banking ETF slid 7% after poor results from New York Community Bank spurred investor fears of a wider contagion. Signs of market weakness For investors, there may be more issues in the market going forward in 2024.

Persons: Stocks, Jerome Powell, Apple, Scott Rubner, Goldman Sachs, Rubner, Russell, Liz Ann Sonders, Charles Schwab, CNBC's, Sonders, Lehman, Raymond James, Josh Beck, James McCann, Abrdn, McCann, Rhys WIlliams, Williams, it's, Art Hogan, They're, Hogan, Estee, Eli Lilly, Ralph Lauren, Rowe Price, Philip Morris Organizations: Meta, Dow Jones, Regional Banking, New York Community Bank, Bank, Microsoft, Nvidia, Apple, Markets, Wayve Capital Management, Riley, Atlanta, PMI, Simon Property, Companies, Tyson Foods, Semiconductor, Caterpillar, Prudential Financial, Ford Motor, Enphase Energy, GE Healthcare Technologies, Consumer, Walt Disney Co, Wynn Resorts, PayPal, Brands, CVS Health, Hilton Worldwide, Uber Technologies, Costco Wholesale, Motorola Solutions, Expedia, Rowe Price Group, ConocoPhillips, The Hershey Co, Philip Morris International, PepsiCo Locations: China

☆ California may build solar panels alongside highways to power homes
▼ + stars: | 2023-10-10 | by ( Rebecca Picciotto | ) www.cnbc.com time to read: +2 min

Gavin Newsom on Saturday gave the greenlight for the state's transportation and energy officials to figure out how to install solar panels, battery storage and other renewable energy sites along highways. According to the state's Department of Transportation, California has 250 state highways containing more than 15,000 miles of road. The empty land alongside those roads could be used to generate one gigawatt of potential solar energy, which could power over 270,000 California homes, according to a joint report from Environment California, a nonprofit backer of SB 49, and highway solar advocate The Ray. In 2008, Oregon became the first state to develop a solar highway project, which now has nearly 600 solar panels. Using empty space along highways to install clean energy sites would help alleviate pressure on the state's deserts where many solar panels are currently housed.

Persons: Gavin Newsom, Ray, Sen, Josh Becker Organizations: Port, Los Angeles , California ., Los Angeles , California . California Gov, Saturday, Department of Transportation, state's Department of Transportation Locations: Port of Los Angeles, San Pedro, Los Angeles , California, Los Angeles , California . California, state's Department of Transportation , California, California, Environment California, Oregon

☆ Yellow in Talks to Sell Its Logistics Business
▼ + stars: | 2023-07-27 | by ( Paul Page | Josh Beckerman | ) www.wsj.com time to read: 1 min

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/articles/yellow-in-talks-to-sell-its-logistics-business-3224c51d

Persons: Dow Jones

☆ KeyBanc upgrades Visa and Mastercard, says credit card stocks will continue outperformance in 2023
▼ + stars: | 2023-01-09 | by ( Sarah Min | ) www.cnbc.com time to read: +2 min

Visa and Mastercard will do well once again in 2023 after outperforming last year, according to KeyBanc. Both payments companies outperformed in 2022, with shares of Visa down more than 3% for the year, and Mastercard more than 2% lower. The analyst expects the growth runway will continue to unfold for both, as they see new payment flows in 2023. It could account for more than 50% of the business, up from more than 45% in 2021, the note read. and other (e.g., Bill Pay), which in our view enhances the diversity of growth beyond core B2C use cases," the note read.

☆ Bankrupt Meme-Stock Favorite Revlon to Be Delisted From New York Stock Exchange
▼ + stars: | 2022-10-20 | by ( Becky Yerak | Josh Beckerman | ) www.wsj.com time to read: 1 min

Revlon Inc. shares will be delisted from the New York Stock Exchange after a surge of market interest in the beauty-products supplier following its chapter 11 filing in June. Shares fell 5% on Thursday to close at $3.90 before the NYSE said it had denied Revlon’s appeal to stay listed on the Big Board. The stock is now expected to continue trading over the counter, according to the company, which was trading around $2 when it filed for bankruptcy but soared more than 400% the following week. It has since closed at prices approaching $9.

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