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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
That makes it unlikely he'll have exhausted his appeals by Election Day, a former assistant AG said. AdvertisementThere's now pretty much no chance Donald Trump's New York civil fraud case will be resolved by Election Day, a former assistant state attorney general told Business Insider. AdvertisementThat timing means there's no way Trump's appeals will be exhausted by Election Day, says Kenneth Foard McCallion, a former New York assistant attorney general. By Election Day, the original $454 million judgment against Trump will have accrued more than $28.6 million in additional interest. He argues many cases at the appeals court, which covers Manhattan and the Bronx.
Persons: Trump, , Donald Trump's, Kenneth Foard McCallion, McCallion, they've, Letitia James, Donald J Organizations: NY, Trump, Service, Business, Manhattan's, Department, McCallion, Associates, First Department, New Locations: York, Manhattan, New York
Current laws give employees five days of annual paid time off, which increases to 10 days after they have worked 10 years, and 15 days if they have worked for 20 years or more. Fok's proposal would let young workers scale their annual leave from five to 10 days until they hit the 10-year mark. His suggestion sparked hopes on Weibo, China's version of X, that the country might soon align with international paid leave standards. The International Labor Organization recommends three weeks of paid annual leave. AdvertisementShanghai-based outlet The Paper ran an informal poll on Tuesday, asking if its readers felt they could take vacation days.
Persons: , Kenneth Fok, Fok, we've, Jack Ma Organizations: Service, People's, China Youth, International Labor Organization, China, Daily, Business, Ministry of Human Resources, Social Security, Pew Research Center Locations: China, Hong Kong, Kong, Beijing, Weibo, Shanghai
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailReimagined Ringling Bros. circus will be like 'the ultimate playground', says Kenneth FeldKenneth Feld, Feld Entertainment CEO, joins 'Squawk Box' to discuss the launch of a reimagined version of the Ringling Bros. and Barnum & Bailey Circus after a 7-year break, what audiences can expect in the new iteration, and more.
Persons: Ringling, Kenneth Feld Kenneth Feld Organizations: Ringling Bros, Feld Entertainment, Barnum, Bailey
Wall Street's excitement about Nvidia has reached a fever pitch as its valuation soars. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. AdvertisementExcitement on Wall Street about Nvidia is reaching a fever pitch after the chipmaker’s market value surpassed both Amazon and Google owner Alphabet this week. Nvidia is set to report its earnings for the final three months of 2023 on Wednesday. “If AI is the next industrial revolution, then absolutely we could see Nvidia’s valuation surge continuing,” Katherine Brooks of online broker XTB, told Business Insider.
Persons: Ray Dalio, Paul Tudor Jones, David Tepper, , Ray Dalio’s, Kenneth Fisher’s Fisher, Jim Chanos, Steve Cohen’s Point72, It’s, Jensen, ” Katherine Brooks, XTB Organizations: Nvidia, Carolina Panthers, Service, Google, Traders, Reuters, Ray Dalio’s Bridgewater Associates, Kenneth Fisher’s Fisher Investments, Paul Tudor Jones ’ Investment Corp, Big Tech
INDIO, Calif. (AP) — A former Los Angeles police officer who shot and killed a mentally ill man who attacked him in a Costco store won't be retried for voluntary manslaughter, prosecutors said. Last month a mistrial was declared after jurors in Riverside County deadlocked, with a majority in favor of acquittal. Photos You Should See View All 33 Images"The stress on the Sanchez family, emotionally as well as financially, has been enormous,” Schwartz said. The officer fired seconds later, fatally wounding French and critically injuring the man's parents, Russell and Paola French. He was fired in 2020 after the Los Angeles Board of Police Commissioners ruled that his actions violated departmental policy.
Persons: , Salvador Sanchez, Kenneth French, general's, Sanchez, Michael Schwartz, ” Schwartz, Russell, Paola French, French Organizations: Costco, California Department of Justice, Riverside Press, Enterprise, Riverside, LAPD, Los Angeles Board of Police Locations: INDIO, Calif, Los, Corona, Los Angeles, Riverside County
The United States base at Tower 22 in Jordan is in the middle of a seemingly unending desert, astride the ancient Damascus-Baghdad Highway near the border with Syria. Last month three U.S. service members at Tower 22 were killed by a drone launched by an Iranian-backed militia. The Tower 22 attack ended that state of play and sparked fresh questions about the safety of thousands of U.S. military personnel stationed in Jordan, Syria and Iraq as the Middle East conflict widens. Last month, the United States and Iraq started talks that could lead to the withdrawal of U.S. troops. It gives hope to Tehran that it is succeeding in its long-term goal of ejecting the United States from the region through its proxy militias.
Persons: Biden Organizations: United, Islamic Revolutionary Guards Corps, U.S Locations: United States, Jordan, Damascus, Baghdad, Syria, Iranian, Iraq, Washington, U.S, Tehran
“(He) played in five of the six preseason games and only missed the game in Hong Kong, China! Don’t come to China, China doesn’t welcome you,” another user wrote in a post liked by 20,000 others. “Why didn’t Messi play in Hong Kong or participate in the handshake with HK (the Hong Kong) chief executive? Messi's no-show sparks an outcry in Hong Kong on February 4, 2024. One social media user noted that it was not only Messi who played in Tokyo, but not Hong Kong.
Persons: Lionel Messi, Messi didn’t, Messi, “ Messi, Hong Kong, Kenneth Fok, Hu Xijin, didn’t Messi, ” Hu, , Louise Delmotte, “ Don’t, Hong, David Beckham, Beckham, Gerardo “ Tata ” Martino, Luis Suárez couldn’t, Philip Fong, , nimbly, Regina Ip, ” “ Messi, Kenneth Chan, Taylor Swift, Organizations: Hong Kong CNN, Sunday, Major League Soccer, Inter Miami, Vissel, Hong, CNN, Weibo, HK, Global Times, Inter, National Basketball Association, Houston Rockets, Soccer, Ardent, Messi, Argentina national, Australia, Inter Miami's, Getty, The Inter Miami, Hong Kong Baptist University Locations: China, Hong Kong, Argentine, Japan, Vissel Kobe, Tokyo, Beijing, State, China’s Sichuan, Argentina, AFP, Asia
Chinese e-commerce firms need a 'healthy ecosystem,' UBS says
  + stars: | 2024-01-30 | 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 EmailChinese e-commerce firms need a 'healthy ecosystem,' UBS saysKenneth Fong, head of China internet research at UBS, discusses the current e-commerce model, saying there needs to be a balance between the platform, merchant and customer.
Persons: Kenneth Fong Organizations: UBS Locations: China
Those missiles were hit before they could be fired at ships in the Red Sea or the Gulf of Aden. That changed quickly after the Hamas attacks in Israel on Oct. 7, and the Houthi attacks on commercial ships a month later. U.S. analysts have been rushing to catalog more potential Houthi targets every day, the officials said. That effort yielded many of the targets hit on Jan. 11 and on Monday, officials said. Many Republicans in Congress and some former senior U.S. military officials say the approach is not working.
Persons: Biden, Poseidon Archer, Yahya Sarea, Mr, , , Jon, ” Gen, Kenneth F, McKenzie Jr, ” Vivian Nereim Organizations: Houthi, British, American, Ocean Jazz, White House, Pentagon, U.S, ABC, Republicans, , military’s, Command Locations: United States, Britain, Yemen, Iran, Aden, East, Netherlands, Australia, Canada, Bahrain, U.S, Suez, Gaza, American, Gulf, Red, Israel, Riyadh, Saudi Arabia
OneTen has helped its members rewrite job descriptions for hundreds of roles to remove unnecessary degree requirements and clearly state the skills sought and needed. The organization has helped to design apprenticeship programs for enterprises like Delta and the Cleveland Clinic, tailored for different fields. Lawsuits have been filed threatening businesses like a fund in Atlanta focused on backing Black female entrepreneurs. And the resignation of Claudine Gay, a Black woman, as president of Harvard has been celebrated by opponents of D.E.I. initiatives in academia and business who claimed she was a diversity hire.
Persons: , OneTen, , Kenneth Frazier, Claudine Gay Organizations: Cleveland Clinic, Merck, , Harvard Locations: Delta, Florida, Texas, Atlanta
"With a lower revenue for online games, the ad industry would be impacted too," he said. UBS estimates online games account for about 20% of the online ad industry's revenue. BEIJING — China's proposed gaming rules would hit smaller developers more than large ones, while also reducing overall online advertising revenue, according to UBS. It's "very common" for online games to encourage daily sign-in and offer rewards for the initial in-app purchase, UBS's Fong said. "As the online game is a very creative industry," he said, "we believe the game developers would likely design other means to attract and retain users."
Persons: Kenneth Fong, BEIJING —, UBS's Fong, Fong Organizations: UBS, Christmas, Gaming, National Press, Administration Locations: China, Hong Kong, BEIJING, Beijing
The drop, potentially its biggest one-day fall in more than a year, wiped about $20 billion off the Chinese tech giant's market value. It was the first market reaction in Asia since the stunning strategy reversal was announced late on Thursday. "The cancellation of a full spin-off of AliCloud is a negative surprise," said Nomura analyst Shi Jialong in a note. The company said it will press ahead with a listing of Alibaba's logistics arm, Cainiao, which applied for a Hong Kong initial public offering in September. Reporting By Donny Kwok and Josh Ye in Hong Kong, Casey Hall and Gu Li in Shanghai; Writing by Anne Marie Roantree and Brenda Goh; Editing by Muralikumar AnantharamanOur Standards: The Thomson Reuters Trust Principles.
Persons: Aly, Group's, Nomura, Shi Jialong, Alibaba, Jack Ma, Kenneth Fong, Joseph Tsai, Bo Pei, Eddie Wu, Donny Kwok, Josh Ye, Casey Hall, Gu Li, Anne Marie Roantree, Brenda Goh, Muralikumar Organizations: Artificial Intelligence, REUTERS, Hong, Tencent Holdings, HK, UBS, Tiger Research, Thomson Locations: Shanghai, China, HONG KONG, SHANGHAI, HK, Hong Kong, Asia, AliCloud, Washington, U.S, Hangzhou, Alibaba
Alibaba Group's Hong Kong shares closed down 10%, their biggest single-day drop in more than a year. Some analysts said keeping the cloud unit could assist Alibaba's AI push. But (it) also points to the increasing importance of retaining the cloud unit given the surging demand for AI computing in China," said US Tiger Research analyst Bo Pei. Alibaba reported second-quarter revenue of 224.79 billion yuan ($31.01 billion), in line with the 224.32 billion expected by analysts, LSEG data showed. The company also said it will press ahead with a listing of Alibaba's logistics arm, Cainiao, which applied for a Hong Kong initial public offering in September.
Persons: Group's, Jon Withaar, Alibaba, Joseph Tsai, Aly, Jack Ma, Kenneth Fong, Bo Pei, Eddie Wu, Daniel Zhang, Vey, Sern Ling, Donny Kwok, Josh Ye, Casey Hall, Gu Li, Yelin, Ankur Banerjee, Anne Marie Roantree, Brenda Goh, Muralikumar Anantharaman Organizations: HK, Pictet Asset Management, Tencent Holdings, Artificial Intelligence, REUTERS, UBS, Tiger Research, Union Bancaire, Hong, Thomson Locations: HONG KONG, China, Hong Kong, Asia, U.S, Singapore, Washington, Hangzhou, Shanghai, Alibaba, Union, Yelin Mo, Beijing
The defense case in Trump's fraud trial starts Monday, with Donald Trump, Jr., taking the stand – again. Screenshots from deposition tapes of Eric Trump, former President Donald Trump, and Donald Trump Jr.. New York Attorney General's Office"I'd much rather cross a Trump than direct-examine one," agreed Tristan Snell, who was lead assistant attorney general on the state's successful investigation into Trump University. AdvertisementAdvertisementAll three Trumps — Donald Trump, Donald Trump, Jr., and Eric Trump — have now given two pretrial depositions along with their actual trial testimony last month. Ivanka Trump, daughter of former US President Donald Trump, at the Trump Organization civil fraud trial. Still, Donald Trump, Donald Trump, Jr., and Eric Trump "appear to remain stubbornly resistant to preparation and trial strategy," Snell said.
Persons: Donald Trump , Jr, , Donald J, Trump, Eric Trump, , forgetfulness, general's, Kenneth Foard McCallion, McCallion, Donald Trump, Donald Trump Jr, Tristan Snell, Snell, — Donald Trump, Eric Trump —, Ivanka Trump, ADAM GRAY, I'm, they'll, it'll, We're Organizations: Service, . New York, Trump, Trump University, Trump Organization, New York, AG, Getty Locations: New York, ., speechifying, AFP
Anthony Vidler, an architectural historian who, beginning in the 1960s, reshaped his field by setting aside dry chronologies of styles and movements for an interdisciplinary approach borrowing from psychoanalysis, French literary theory and cultural studies, died on Oct. 19 at his home in Manhattan. His wife, the literary critic Emily Apter, said the cause was B-cell non-Hodgkin’s lymphoma. Mr. Vidler, who was born in Britain during World War II, was part of a generation of European and Latin American architectural historians who arrived in the United States in the 1960s and ’70s, bringing with them new, theory-driven viewpoints about architecture as a realm of ideas and not just design. Sometimes cast as architecture’s version of the British Invasion, scholars like Mr. Vidler, Kenneth Frampton and Alan Colquhoun settled in New York City and in architectural programs at a small number of institutions, above all Princeton University, where Mr. Vidler taught for almost 20 years and remained affiliated for decades. He also served as dean of the architecture schools at Cornell, from 1997 to 1998, and Cooper Union, from 2001 to 2013.
Persons: Anthony Vidler, Emily Apter, Vidler, Kenneth Frampton, Alan Colquhoun Organizations: Princeton University, Cornell, Cooper Union Locations: Manhattan, Britain, United States, British, New York City
Logos of Swiss banks Credit Suisse and UBS are seen before a news conference in Zurich Switzerland, August 30, 2023. UBS' takeover of Credit Suisse, the biggest bank merger since the 2008 global financial crisis, was hastily arranged in March this year by Swiss authorities to avert Credit Suisse's collapse. More than 15 equity researchers were notified earlier this week about the layoffs in Hong Kong, the sources said, adding less than 10 researchers focusing on Hong Kong and China equities will join the UBS team. Credit Suisse did not respond to a Reuters request for comments. Both of them will bring some junior researchers from Credit Suisse, the sources added.
Persons: Denis Balibouse, Charles Zhou, China financials, Kenneth Fong, Zhou, Fong, Sergio Ermotti, Julie Zhu, Kane Wu, Selena Li, Summer Zhen, Sumeet Chatterjee, Bernadette Baum, Emelia Organizations: Credit Suisse, UBS, REUTERS, Credit, Suisse's Securities Research, Reuters, Monday, Asia, China Internet, Thomson Locations: Zurich Switzerland, HONG KONG, Hong Kong, China, Asia Pacific, Asia, Swiss
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailLive entertainment momentum sparks relaunch of Ringling Bros. and Barnum & BaileyKenneth Feld, Chairman and CEO of Feld Entertainment, joins 'Power Lunch' to discuss the live event business for motocross, relaunching Ringling Brothers and Barnum and Bailey and the state of the live entertainment business.
Persons: Bailey Kenneth Feld, Ringling, Barnum, Bailey Organizations: Ringling Bros, Barnum, Feld Entertainment, Ringling Brothers
AdvertisementAdvertisementHere are Trump's top five business fraud defenses – in his own words – as revealed in a recently-unsealed deposition transcript. New York attorney general's officeTrying to pass the blame won't work, two attorneys who used to work for previous New York attorneys general told Insider. And you're suing them instead of going after violent criminals," he scolded the attorney general and her lawyers. Then there's the $250 million Trump allegedly pocketed by lying about the size of his collateral. 3: his math is "worthless"At the center of the attorney general's case are a decade's worth of Trump's Statements of Financial Condition.
Persons: Trump, Donald Trump, Letitia James, James, Andrew S, Amer, Kevin C, Wallace, Brittainy Newman, Eric, I've, Mazars, We're, I'm, general's, Kenneth Foard McCallion, Tristan Snell, , Susan Watts, they'd, Snell, McCallion, Donald Trump's, Laura Italiano, Kathy Willens, Jennifer S, Altman, Carlo Allegri, John Minchillo, Drew Angerer, George Washington, Jack Nicklaus, Tom Watson, He's Organizations: Trump Org, Service, York, New York State, New York, AP Trump, Trump Organization, New, Trump University, Trump, Deutsche Bank, NY Daily, Getty, Associated Press Deutsche Bank, McCallion, Associates, Washington, MSNBC, Reuters, U.S, Marriott Marquis Locations: NY, Wall, Silicon, Manhattan, New York, Trump's, Trump Tower, Manhattan , NY, . New York, Trump, New York City, Springs, Westchester County , New York, Mount Kisco, N.Y, Washington ,, Miami
This week, New York's attorney general gave notice that she is ready for Trump's October 2 fraud trial. Buried in the notice was a threat: She may seek new penalties against Trump and the Trump Organization for the "spoliation" of evidence. New York Attorney General Letitia James announced her $250 million civil fraud suit against Donald Trump and his company with assistant attorneys general Andrew S. Amer, center, and Kevin C. Wallace, right. Two summers ago, Garten testified in response to an AG subpoena that Trump "regularly generates handwritten documents," James' office said in a 2022 filing. A "bunch of issues"High burden of proof aside, this week's filing shows that James' lawyers are not letting the missing-documents matter go.
Persons: Donald Trump, Letitia James, Trump, Arthur Engoron, Kenneth Foard McCallion, James, McCallion, Engoron, Eric Trump, Allen Weisselberg, Kevin C, Wallace, Andrew S, Amer, Brittainy Newman, Jackson, they're, Alan Garten, Garten, , Rhona Graff, Graff, president's, Alina Habba, Ivanka Trump, Banks Organizations: New, Trump, Trump Organization, Service, New York, McCallion, Associates, Trump Org, Mr, Washington Locations: Wall, Silicon, New York, manila
“Everybody back up!” someone called to a crowd of people surrounding the model and actress Christie Brinkley, who was standing near a neatly trimmed lawn on a sunny and hot Saturday afternoon. Ms. Brinkley had just arrived at Polo Hamptons, an annual cocktail party and polo match held over two weekends in July on the sprawling, private Fishel estate in Bridgehampton, N.Y.“I’ve always gone to polo throughout my time out here because it is so East Coast,” said Ms. Brinkley, 69, as she sipped from a small bottle of rosé from Bellissima, her wine label, which people were also drinking nearby. “And there are usually some cute polo players.”The event on Saturday, which drew more than 900 people, was organized by Social Life magazine, a lifestyle publication based in the Hamptons that was celebrating its 20th anniversary. The afternoon attracted a crowd that included Jean Shafiroff, the philanthropist, Lizzie Asher, the president of Macchu Pisco, a spirits company, and Maria and Kenneth Fishel, who own the estate.
Persons: Christie Brinkley, Brinkley, “ I’ve, , Jean Shafiroff, Lizzie Asher, Macchu, Maria, Kenneth Fishel Organizations: Polo Hamptons, Social, Hamptons Locations: Bridgehampton, East, Bellissima,
Taking up a specific role that the U.S. could not have fulfilled, this was Beijing's first foray into Middle East mediation, an area that for the past few decades was largely occupied by Washington. "I think China was a good partner to do this. I think they're the right people," he said, noting that China invests heavily in Saudi Arabia and is its top trading partner. Chinese President, Xi Jinping (L) is welcomed by Crown Prince of Saudi Arabia Mohammed bin Salman Al Saud (R) at the Palace of Yamamah in Riyadh, Saudi Arabia on December 8, 2022. And not just economically, as it already exports an immense amount of goods to the Middle East and is the largest importer of Saudi oil – but politically.
Badri's price 12-month price target for shares of Microsoft is $285. The analysts said that growing AI use cases will help Taiwan Semiconductor Manufacturing Company and their high performance computing business, which has already doubled since 2016. Credit Suisse's 12-month price target for the stock is $330, which is upside of 16%. Chou has a price target of NT$1,100 for the stock, meaning 13.5% upside. Both Taiwan Semiconductor Manufacturing Company and Baidu are traded on US exchanges, while Accton and Wiwynn are traded in Taiwan.
He styled Anna Sorokin for an interview from her home, where she is on house arrest. Anna Sorokin, or Anna Delvey, as she was known as in her scamming days, is different from the character on "Inventing Anna." At the time, I had watched only the first half of "Inventing Anna" — just bits and pieces here and there. When we got there, there was a whole glam team of makeup artists and hairstylists who got to work on Anna and Kenneth. Pop culture has the ability to make anyone into an entire brand, and Anna has pop culture's attention.
How to screen for colon cancer
  + stars: | 2022-12-06 | by ( Sandee Lamotte | ) edition.cnn.com   time to read: +7 min
A representative for Alley confirmed to CNN via email on Tuesday that she had been diagnosed with colon cancer prior to her death. Colorectal cancer, which includes colon and rectal cancers, is the second most common cause of death from cancer in 2022, outranked only by lung and bronchus cancer, according to the National Cancer Institute Surveillance, Epidemiology and End Results Program. Regular checkups are the best way to keep colon cancer at bay, according to the US Preventive Services Task Force. DNA stool test: A DNA stool test is another option, the society said. “You didn’t put the scope in yet, did you?” asked Couric, whose husband, Jay Monahan, had died from colon cancer at age 42 in 1998.
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