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LOS ANGELES (AP) — The first of two back-to-back atmospheric rivers drenched Northern California on Thursday, flooding roads while triggering statewide storm preparations and calls for people to get ready for powerful downpours, heavy snow and damaging winds. Forecasters also said the Central Coast could see waves up to 18 feet (5.4 meters) high on Thursday and Friday. The storm came a week after heavy rain caused flooding that inundated homes and overturned cars in the county. Last winter, California was battered by numerous drought-busting atmospheric rivers that unleashed extensive flooding, big waves that hammered shoreline communities and extraordinary snowfall that crushed buildings. ___Associated Press journalists Nic Coury in Capitola, California, and Scott Sonner in Reno, Nevada, contributed to this report.

Persons: Brian Ferguson, Cal OES, ” Ferguson, Joshua Whitby, “ There’s, ” Whitby, Daniel Swain, Swain, Snow, Nic Coury, Scott Sonner Organizations: ANGELES, San, San Francisco Bay Area, National Weather Service, Bay, Service, California Governor’s, Emergency Services, University of California, Yosemite National, Associated Locations: Northern California, San Francisco Bay, Coast, Central, Pacifica, San Mateo County, Humboldt County, Eureka, San Diego County, Hawaii, California, Oregon, San Diego, Capitola, Monterey Bay, Los Angeles, Sierra Nevada, Sierra, Lake Tahoe, Yosemite, Reno , Nevada, Capitola , California

☆ 5 huge challenges facing Apple this year
▼ + stars: | 2024-01-25 | by ( Samantha Murphy Kelly | ) edition.cnn.com time to read: +9 min

Behind in generative AI. A recent Reuters report noted iPhone sales in China dropped 30% in the first week of the year amid pressure from rival Huawei. Still, Barclays downgraded Apple stock earlier this month citing disappointing iPhone 15 sales in China and softening demand for the latest iPhone. Apple also faces challenges around the upcoming rollout of the Vision Pro headset, which will be its riskiest product launch in years. Tim Cook, chief executive officer of Apple Inc., speaks during a launch event for the new Apple iPhone 15 at Apple Park in Cupertino, California, on September 12, 2023.

Persons: ”, David McQueen, ALY, Dan Ives, Apple, Justin Sullivan, Jitesh, IDC –, that’s, It’s, Siri, McQueen, “, Ming Yeung, Tim Cook, Nic Coury, hasn’t, Brian Fung, Clare Duffy Organizations: CNN, Microsoft, Apple, ABI Research, Huawei, Reuters, Apple Watch, International Trade Commission, IDC, Meta, Google, Samsung, Mac, Barclays, Apple Inc, Getty, EU, Markets, Epic Locations: China, Shanghai, Cupertino , California, Milan, Italy, AFP

☆ There's one reason I'd upgrade to the iPhone 15 Pro after trying it, even though I already have last year's
▼ + stars: | 2023-09-12 | by ( Kif Leswing | ) www.cnbc.com time to read: +5 min

There are four new models, ranging from the entry-level iPhone 15 at $799 to the iPhone 15 Pro Max, which costs at least $1199. Apple says that the 6-inch iPhone 15 Pro is 187 grams, or 9% lighter than last year's model. The iPhone 15 Pro Max, with a bigger 6.7-inch screen, weighs 8% less. Other notes from the iPhone 15 hands-onThe new Apple iPhone 15, with EU ordered USB-C charger, is displayed amongst other new products during a launch event at Apple Park in Cupertino, California, on September 12, 2023. The iPhone 15 Pro Max did get a $100 price increase, now starting at $1,199 in the U.S., although you get more storage at the entry level.

Persons: Leswing, Max, haven't, Nic Coury, They've Organizations: CNBC, Leswing Apple, Apple, Pro Max, EU, AFP, Getty, Pro Locations: Cupertino , California, U.S

☆ We're making five price target changes and one rating upgrade after a crazy week of earnings
▼ + stars: | 2023-05-07 | by ( Jeff Marks | ) www.cnbc.com time to read: +6 min

AAPL YTD mountain Apple YTD performance Apple (AAPL): We're raising our price target to $185 per share from $175 in response to the strong quarter Thursday evening. LLY YTD mountain Eli Lilly YTD performance Eli Lilly (LLY): We're increasing our price target on Eli Lilly again, this time to $460 per share from $430. Our new price target is in reaction to the positive Alzheimer's drug trial data that was much better than what we expected. HAL YTD mountain Halliburton YTD performance Halliburton (HAL): We are lowering our price target on this North American-focused oil services giant to $40 per share from $48. SBUX YTD mountain Starbucks YTD performance Starbucks (SBUX): We're bumping up our price target to $125 per share from $120 and upgrading our rating to a 1 following the stock's pullback in reaction to the recent earnings result .

Here's an update on technology-related holdings in Jim Cramer's Charitable Trust, the portfolio we use at the CNBC Investing Club. Jim ran through the 35 stocks during the Club's inaugural Annual Meeting, an in-person event Saturday in New York City. Big picture, we think AMD shares will continue to increase in value as its leadership over Intel is further cemented. But sentiment is improving, with AMD shares climbing around 21% year to date. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

Flood watches are in effect for 12 million people in Central and Northern California. The cyclone will send a pair of warm and cold fronts over Northern California, which is already rain-soaked. “When you have more water vapor in the air because the air is warmer — you can transport more water vapor quickly,” Ralph said. Although some smaller reservoirs in Northern California have filled up, larger reservoirs still have the capacity to absorb more. “I think we will have largely alleviated the short-term drought in Northern California," Swain said.

☆ China risks loom over U.S. tech giants Tesla and Apple as share prices plunge
▼ + stars: | 2023-01-04 | by ( Arjun Kharpal | ) www.cnbc.com time to read: +2 min

But in October, the world's biggest iPhone factory in Zhengzhou, China, was hit with a Covid outbreak. Reuters reported on Tuesday that Foxconn's Zhengzhou factory is almost back to full production. In early November, after Foxconn imposed Covid restrictions at the factory, Apple said the plant was operating at a "significantly reduced capacity." The world's biggest iPhone factory, located in China and run by Foxconn, faced disruptions in 2022. Apple could report a 1% annual decline in revenue in the December quarter, according to Refinitiv consensus estimates.

☆ Apple to launch a foldable iPad rather than iPhone in 2024, analyst predicts
▼ + stars: | 2022-10-18 | by ( Arjun Kharpal | ) www.cnbc.com time to read: +3 min

CCS Insight published its annual predictions report on Tuesday in which the group' analysts make forecasts about future products and trends. In the latest report, CCS Insight predicted Apple would launch a foldable iPad in two years' time rather than start with a foldable iPhone. "Right now it doesn't make sense for Apple to make a foldable iPhone. The analyst said that a foldable iPhone would likely need to cost around $2,500. Predictions about a foldable iPhone meanwhile have been around for at least four years.

☆ How to analyze an earnings report — Part 1: The income statement
▼ + stars: | 2022-10-03 | by ( Zev Fima | ) www.cnbc.com time to read: +14 min

Part 1: Income statement In the financial statements that companies report to the Securities and Exchange Commission and shareholders on a quarterly and annual basis, there are three main sections: the income statement, the balance statement and the cash flow statement. The income statement gives us our best view of management's performance. Operating income Once we remove operating expenses from gross margin dollars , we are left with what is known as operating income. Some companies will report a line item before reporting operating income referred to as "EBITDA," which stands for earnings before interest, taxes, depreciation and amortization . Remove this from operating income or "EBIT" and we are left with "EBT" (earnings before taxes), which Apple refers to intuitively as "income before provision for income taxes."

☆ Prosecutors try to prove 1996 killing as body of Kristin Smart remains missing
▼ + stars: | 2022-07-18 | by ( The Associated Press | ) www.nbcnews.com time to read: +7 min

Opening statements are scheduled Monday in Monterey County Superior Court in Salinas in the trial of Paul Flores and his father, Ruben Flores, who is charged as an accessory. Paul Flores had long been considered a suspect in the killing, but prosecutors only arrested him and his father in 2021 after the investigation was revived. San Luis Obispo Sheriff Ian Parkinson acknowledged missteps by detectives over the years and he credited a popular podcast about Smart’s disappearance called “Your Own Backyard” for helping unearth new information and inspiring witnesses to speak with investigators. Prosecutors, defense lawyers and San Luis Obispo sheriff’s deputies are constrained by a court order prohibiting them from discussing the case. Attorney Harold Mesick, who represents Ruben Flores, previously said the evidence unearthed was ambiguous.

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