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☆ Why this campus turmoil story is so complex
▼ + stars: | 2024-04-26 | by ( David Goldman | Ramishah Maruf | ) edition.cnn.com time to read: +8 min

Brian Snyder/Reuters House Speaker Mike Johnson speaks to the media on the campus of Columbia University after meeting with Jewish students on April 24. Alex Kent/AFP/Getty Images People watch from a window as New York University students set up a tent encampment on April 22. Stefan Jeremiah/AP Israeli flags are reflected in the sunglasses of a demonstrator in front of Columbia University on April 22. The White House and multiple governors have voiced support for Jewish students and urged protesters and universities to exercise restraint. Yet hundreds of protesters have been arrested for trespassing and for violating school rules, including blocking access to campus buildings or other disruptions on campus.

Persons: Jay Janner, Mike Stewart, Sarah Reingewirtz, Brandon Bell, Brian Snyder, Mike Johnson, Timothy A, Clary, Alex Kent, Matthew Hatcher, Nuri Vallbona, Jordan Vonderhaar, Zaydee Sanchez, Caitlin Ochs, Cameron Jones, Stephanie Keith, Andres Kudacki, Tayfun, Joe Buglewicz, Fatih Aktas, Michael M, Mary Altaffer, Scott Eisen, Columbia's, David Dee Delgado, Stefan Jeremiah, Selcuk, Kena Betancur, Benjamin Netanyahu’s Organizations: New, New York CNN, University of Texas, Austin Statesman, USA, Network, Reuters, Reuters Georgia State Patrol, Emory University, University of Southern, MediaNews, Los Angeles Daily News, Getty, Austin, University, Emerson College, Columbia University, Swarthmore College, Bloomberg, Getty Images Police, Reuters New York, Reuters Columbia, Columbia, CNN, New York University, New York Times, University of California, Sproul Hall, Yale University, University police, Monday, York University, The New School, AP, Massachusetts Institute of Technology, Library, Getty Images, CAIR, Defamation, Jewish, Israel Locations: New York, United States, Gaza, Gaza . Texas, Austin, Reuters Georgia, Atlanta, University of Southern California, Los Angeles, Boston, AFP, Swarthmore , Pennsylvania, Texas, Columbia, New, Berkeley, Sproul, Anadolu, New Haven , Connecticut, Cambridge, Israel

☆ Hush-money judge repeatedly bench-slaps Donald Trump's lawyer over gag violations: 'You're losing all credibility!'
▼ + stars: | 2024-04-23 | by ( Laura Italiano | ) www.businessinsider.com time to read: +10 min

"You're losing all credibility," the judge railed when Blanche insisted Trump was "careful" online. "You're losing all credibility," New York Supreme Court Justice Juan Merchan angrily told the lawyer, Todd Blanche. It was at this point that the judge accused Blanche of "losing all credibility." Blanche's arguments at Tuesday's hearing, in defense of Trump's posts, fell roughly into three categories. Blanche's third argument was that reposting attacks on trial witnesses that were originally made by others was somehow exempt.

Persons: Todd Blanche, Blanche, Trump, —, Donald Trump, Juan Merchan, Merchan, Christopher Conroy, Timothy A, Clary, Trump's, Michael Cohen, Stormy Daniels, I've, Atilgan, Daniels, Cohen, Conroy, Jesse Watters, David Pecker, Pecker, Hillary Clinton, Ted Cruz, Alvin Bragg's, reimbursing Cohen, Karen McDougal, McDougal Organizations: Service, GOP, Prosecutors, Reuters, Trump, Anadolu Agency, Getty, Fox, Merchan, National Enquirer, Mar, Manhattan, Trump Organization Locations: Manhattan, Florida, Washington, DC

☆ Ukraine is given a reprieve by the U.S., but faces race against the clock over weapons supplies
▼ + stars: | 2024-04-22 | by ( Holly Ellyatt | ) www.cnbc.com time to read: +7 min

Ukrainian servicemen monitor the situation along the front via drones in the direction of Kreminna, Ukraine as Russia-Ukraine war continues on 31 March 2024. Defense analysts argue that while the funding could help breathe new life and morale into Ukraine's beleaguered military campaign, aid and supplies must be sent to Ukraine immediately. "It's unlikely this will create immediate parity with the Russian volume of fire, but it will help close the gap," Savill said. They point out that further U.S. aid is not guaranteed, particularly given the uncertain outcome of the presidential election later this year. One top U.S. general told Congress earlier in April that Russia was firing five artillery shells for every one fired by Ukrainian forces, and that this disparity could double in the coming weeks.

Persons: it's, Joe Biden, Volodymyr Zelenskyy, Zelenskyy, DANA, Matthew Savill, Savill, tranche, RUSI's Savill, Chasiv Yar, Roman Pilipey, Donald Trump, Timothy Ash, Ash, — Organizations: Anadolu, Getty, Ukraine, Republicans, Democratic, U.S, Senate, Defense, London, Pentagon, Kyiv, Spartan, Afp, Chatham House, RBC BlueBay Asset Management Locations: Kreminna, Ukraine, Russia, U.S, Israel, Taiwan, Ukrainian, Washington, Russian, Czech, Bakhmut, Donetsk Oblast, Roman, British, Chasiv, Donetsk, Eurasia, Western, Luhansk, Ocheretyne, Avdiivka

☆ Live Updates: Iran State-Run Media Reports Explosions
▼ + stars: | 2024-04-18 | by ( Farnaz Fassihi | Patrick Kingsley | ) www.nytimes.com time to read: +5 min

The next year, Palestine was granted the lesser status of observer at the United Nations, a level shared by the Holy See. With the war raging in Gaza, the Palestinian Authority asked the United Nations to take up its bid a second time. The Vatican has also recognized Palestinian statehood. But as the death toll has climbed in Gaza, the push for Palestinian statehood has intensified. But some have in recent months suggested that they might recognize a Palestinian state sooner.

Persons: Mahmoud Abbas, Timothy A, Clary, Riyad Mansour, ”, Israel —, Lynsey Addario, Benjamin Netanyahu, Israel, Biden, David Cameron, Emmanuel Macron, Macron, “ Organizations: West Bank, . Security, Palestinian, Security, United Nations, United Nations Palestine, UNESCO, Observers, General, International Court of Justice, Organization for, Chemical Weapons, General Assembly, Agence France, Palestinian Authority, Union, The New York Times Locations: Hebron, West, United, Israel, Gaza, Palestinian, Palestine, United States, Russia, China, Ramallah, Canada, France, Britain, Spain, Ireland, Malta, Slovenia

☆ Judge bench-slaps Trump lawyer 5 times on day 1 of hush money trial
▼ + stars: | 2024-04-16 | by ( Laura Italiano | Jacob Shamsian | ) www.businessinsider.com time to read: +9 min

Merchan didn't hit Blanche as hard as a federal judge in Manhattan has hit Trump lawyer Alina Habba for her lawyering. During the E. Jean Carroll defamation trial in January, Judge Lewis Kaplan bench-slapped Habba 14 times during a single day of testimony. "Please direct me to the portion of the original gag order, or the subsequent gag order, where it makes any exception if Mr. Trump feels he is under attack. The judge told Blanche to file a response, in writing, explaining why Trump should not be held in contempt for violating the gag order. The judge paused, then added, with some sarcasm, "I don't recall inserting that anywhere in either gag order."

Persons: —, Juan Merchan, Donald Trump's, — Trump's, Todd Blanche, Merchan didn't, Blanche, Alina Habba, Jean Carroll, Lewis Kaplan, Joshua Steinglass, blanch, I've, Merchan, Blanche's, Trump, Donald Trump, Susan Necheles, Timothy A, Clary, — Michael Cohen, Stormy Daniels, Daniels, Cohen, Chris Conroy, Conroy, Trump's, snarked, — Merchan, meekly, Emil Bove, Jabin, — Blanche, Jack Smith, didn't, Steinglass, incredulously Organizations: Service, Business, Reuters, Former U.S, Manhattan Criminal, Justice Locations: New, Manhattan, Trump's, balking, New York City, New York, New York County

☆ Trump's hush money trial won't be G-rated: Stormy Daniels will have no choice but to testify about affair, experts say
▼ + stars: | 2024-04-14 | by ( Laura Italiano | ) www.businessinsider.com time to read: +10 min

Things won't really heat up, though, until Stormy Daniels takes the stand in the next few weeks. AdvertisementA court sketch of Donald Trump in court in Manhattan for a pretrial hearing in his hush money case. The Trump hush money trial, from a strictly penal-code standpoint, is a dry disagreement over purportedly cooked books. "The money is called 'hush money' for a reason," said former Manhattan financial crimes prosecutor Diana Florence. Stormy Daniels, in her documentary, "Stormy."

Persons: Donald Trump's, Stormy Daniels, —, Daniels, Donald Trump, Trump, Ron Kuby, Jane Rosenberg What's, Kuby, Diana Florence, they'll, United States —, Florence, Stephanie Clifford, Todd Blanche, Susan Necheles, Timothy A, Clary, didn't, Jean Carroll, Carroll, Shawn Crowley, Judge Lewis Kaplan, Tiny, Spencer Platt, month's, Clifford, he's, who's Organizations: Trump, Service, Trump —, Trump Organization, Prosecutors, United, Reuters, Gentlemen, Twitter Locations: Manhattan, Tahoe, Lake, Trump, United States, Baton Rouge , Louisiana, Florence, umm

☆ For U.S. Cuban claims holders, spy Manuel Rocha's plea deal raises fresh questions
▼ + stars: | 2024-04-14 | by ( Michelle Caruso-Cabrera | ) www.cnbc.com time to read: +7 min

Raul Rubiera | Miami Herald | Getty ImagesWhen Carolyn Lamb saw news of Cuban spy Victor Manuel Rocha's arrest on the news last December, she recognized him immediately. The lower the value of the claims, the less the Cuban government would have to pay in any future negotiated settlement. Ashby assumed Rocha's paranoia about eavesdropping was in response to the George W. Bush administration's opposition to the Cuba claims buying business. But according to the Justice Department, by that point Rocha was already in his third decade as a Cuban agent. File photo of former US ambassador to Bolivia, Manuel Rocha, talking to the press on the 11th of July 2001.

Persons: V, Manuel Rocha, Steel Hector, Davis, Raul Rubiera, Carolyn Lamb, Victor Manuel Rocha's, Rocha, Lamb, Lamb's, Castro, Justin Solomon, CNBC Castro didn't nationalize, of Rocha, Fidel Castro's, It's, Jason Poblete, Poblete, John Kavulich, Sears Roebuck, Timothy Ashby, Ashby couldn't, Ashby, George W, Bush, Little, Covert, Gonzalo Espinoza Organizations: Miami Herald, Steel, Cuban, US State Department, National Security, Cuban Telephone Company, " Beverage Company, CNBC, Pepsi, General Electric, Century Fox, Cuba Trade, Economic Council, Justice Department, Citizen, State Department, National Security Council, DOJ, Cubans, FBI, AFP, Getty Locations: America, Omaha, Bolivia, Cuba, Havana, United States, Cuban, Rocha, Columbia, Dominican Republic, Honduras, Mexico, Argentina, Miami, Chile

☆ Analysts are saying this chipmaker, which just held an AI event, is the most levered to the trend besides Nvidia
▼ + stars: | 2024-04-12 | by ( Samantha Subin | ) www.cnbc.com time to read: +2 min

Investors may want to keep an eye on Marvell Technology , as it is poised for artificial intelligence success, according to Wall Street analysts. The commentary comes on the back of the chipmaker's AI event on Thursday, where it announced a new compute customer many speculate could be Microsoft. On the back of the event, Wells Fargo analyst Gary Mobley lifted 2025 revenue and earnings per share estimates to account for a quicker ramp in AI sales. While Morgan Stanley continues to view the stock as an AI winner, analyst Joseph Moore noted he still favors Nvidia. That is in part due to the "sideways" action Marvell has experienced over the past year and its elevated multiple.

Persons: MRVL, Timothy Arcuri, Arcuri, JPMorgan's Harlan Sur, Goldman Sachs, Toshiya Hari, Wells, Gary Mobley, Morgan Stanley, Joseph Moore, Marvell Organizations: Marvell Technology, Wall Street, UBS, Microsoft, Marvell, Nvidia Locations: CY28, Wells Fargo

☆ Billionaire golf fans' favorite tournament, the Masters, kicks off this week in Augusta
▼ + stars: | 2024-04-10 | by ( Madeline Berg | Taylor Rains | ) www.businessinsider.com time to read: +7 min

The Masters Tournament begins this week at Augusta National Golf Club. That's thanks to the Masters Tournament, the first in an annual run of major professional golf championships and a favorite of the superrich. Former Secretary of State Condoleezza Rice became one of the first women to join Augusta National in 2012. But if you're not a member, you're not invited by a member, you're not getting on Augusta National." The names of Augusta National members are kept confidential, though their green jackets are a tell.

Persons: Warren Buffett, Bill Gates, —, Dirk Ziff, Stanley Druckenmiller —, Barnabas Carrega, Carrega, State Condoleezza Rice, Timothy A, Clary, weren't, Darla Dee Moore, Richard Rainwater, Augusta National's, Billy Casper, Horton Smith, Jamie Squire, Phil Knight —, Robert Rowling, Herbert Allen Jr, David Duffield, Ernest Garcia, Greg Mondre, Garth Brooks, Luke Bryan, Rory McIlroy, Tiger Woods, that's Organizations: Augusta National Golf, Private, Service, Michelin, Golf, Bloomberg, State, Augusta National, Getty, Augusta, Augusta Regional Airport, Nike, reselling, Ticketmaster Locations: Augusta , Georgia, Augusta, Georgia, United States, Carvana

☆ Job gains expected again in March. Here are all the things to look for in Friday's report
▼ + stars: | 2024-04-04 | by ( Jeff Cox | ) www.cnbc.com time to read: +4 min

Job growth is expected to come in at 200,000 for the period, according to the Dow Jones consensus forecast. That will be just one of several key areas in focus when the report is released at 8:30 a.m. The job market's resilience has confounded many economists who spent the past two years searching for a jobs-led recession that never happened. Household employment, which counts individual workers rather than total jobs and is used to calculate the unemployment rate, has fallen by nearly 1 million since November. The survey is more volatile and uses a much smaller sample than the establishment count that yields the headline payrolls growth total.

Persons: Timothy Aeppel, nonfarm payrolls, Dow, Dan North, Goldman Sachs, Luke Tilley, Stocks Organizations: Labor Department, Allianz Trade, Wilmington Trust Locations: Oxnard , California, Wilmington

☆ Why the stock market sold off Tuesday and how investors can decide when to buy
▼ + stars: | 2024-04-03 | by ( Zev Fima | ) www.cnbc.com time to read: +9 min

He mentioned a handful of stocks that are nearing buy levels but bigger declines would need to bigger. So, with stocks selling off and cash at the ready, the question is, when do we step in? The fourth quarter was a pretty great one for Club stocks. When a stock is trading above these levels, then investors will look to these levels as support (meaning levels that might serve as a near-term floor). Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.

Persons: Tuesday's selloff, annualized, Jim Cramer, Jim, haven't, we've, We've, Jim Cramer's, Timothy A, Clary Organizations: CME, Federal Reserve, Abbott Laboratories, Palo Alto Networks, Investment, Fed, NYSE, Jim Cramer's Charitable, CNBC, New York Stock Exchange, Getty

☆ Trump's lawyers dance for him when he's in the courtroom. At a criminal trial, that could torpedo his chances of winning.
▼ + stars: | 2024-03-24 | by ( Jacob Shamsian | ) www.businessinsider.com time to read: +15 min

And at a criminal trial, causing a ruckus can bring its own consequences. In a criminal trial, Trump, along with his eager-to-please lawyers, must attend every day. he quipped in response to an argument from one of Trump's lawyers. Technically, Trump faces a maximum of four years in prison for each count he's charged with in his criminal case. The criminal trial will give Trump a chance to hold multiple campaign-boosting rallies before the hallway cameras each day.

Persons: —, Donald Trump, they're, Trump, he's, Jean Carroll, Juan Merchan, Carroll, Roberta Kaplan, Carroll's, Arthur Engoron, shrewdly, TIMOTHY A, CLARY, Stormy Daniels, Melania Trump, Kaplan, Eliza Orlins, Orlins, there's, Susan Necheles, Steven Hirsch, Maggie Haberman's, huff, Lewis Kaplan, Alina Habba, Randy Zelin, they've, Engoron, Letitia James of, York —, Kaplan quizzed, Merchan, He's, Donald Trump's, Seth Wenig Merchan, Prosecutors, Zelin, OJ, I'm Organizations: Service, Secret Service, Business, Trump, New York, sophistry, Attorneys, Getty, Manhattan Criminal, Trump Organization, New York Times, Truth, New, AP, Merchan Locations: Manhattan, New York, New York City, Brooklyn, York, America, U.S, Trump

☆ Middle East Crisis Israel Says It Struck Area Used by High-Ranking Hamas Leader
▼ + stars: | 2024-03-12 | by ( Adam Rasgon | ) www.nytimes.com time to read: +3 min

The session follows a 23-page U.N. report, released on March 4, written by a team led by Pramila Patten, a special envoy on sexual violence and conflict. The report said it was reasonable to believe sexual violence against hostages could be ongoing. Diplomats from the 15-member council uniformly condemned sexual violence against Israeli women. Ms. Patten and her team also visited the West Bank to hear reports of sexual violence against Palestinians by Israeli security forces and settlers. The full report addressed the accusations, but did not focus on them because other U.N. bodies were working on that.

Persons: Pramila Patten, —, France —, Patten, Ms, ”, Timothy A, Clary, Israel Katz, ” Mr, Katz, Riyad Mansour Organizations: Sexual, United Nations Security Council, ., Agence France, Diplomats, West Bank, Palestinian, Council Locations: United States, Britain, France, Israel, Gaza, U.S

☆ Turkish annual inflation soars to 67% in February
▼ + stars: | 2024-03-04 | by ( Natasha Turak | ) www.cnbc.com time to read: +3 min

Turkish annual consumer price inflation soared to 67.07% in February, the Turkish Statistical Institute said Monday, coming in above expectations. Analysts polled by Reuters had anticipated annual inflation would climb to 65.7% last month. The combined sector of hotels, cafes and restaurants saw the greatest annual price inflation increase at 94.78%, followed by education at 91.84%, while the rate for health stood at 81.25% and transportation at 77.98%, according to the statistical institute. "Obviously a disappointing set of inflation prints this morning," Timothy Ash, emerging markets strategist at BlueBay Asset Management, wrote in a note. He added that this development has "continued to put downward pressure on the lira," creating an inflation pass-through.

Persons: Liam Peach, Mehmet Simsek, Turkey's, Timothy Ash, Ash Organizations: Turkish Statistical Institute, Reuters, Food, Economics, Capital Economics, Turkish, BlueBay Asset Management, FX Locations: Sariyer, Istanbul, Turkish, London

☆ Russia relishes NATO disarray after hasty denials of plan to deploy ground troops to Ukraine
▼ + stars: | 2024-02-28 | by ( Holly Ellyatt | ) www.cnbc.com time to read: +7 min

The United States, Germany, the U.K., Spain, Poland and NATO Secretary General Jens Stoltenberg were among those denying that sending ground troops into Ukraine was an option. She claimed NATO countries' denials that they planned to send their ground troops into Ukraine showed the West had "betrayed Ukraine and will continue to use and betray it," repeating Moscow's baseless claims that Western countries are using Ukraine to destroy Russia. After the conference, Macron said discussions had also covered the possibility of deploying ground troops, although he said there was no agreement on the issue. France was left looking increasingly isolated throughout the day Tuesday, with the White House also distancing itself from Macron's comments. When asked about Macron's comments, Kirby said "well, that's a sovereign decision that every NATO ally would have to make for themselves.

Persons: Vladimir Putin, Sergei Shoigu, Mikhail Metzel, Emmanuel Macron, Jens Stoltenberg, Dmitry Medvedev, Macron, Vyacheslav Volodin, Volodin, Napoleon Bonaparte, Napoleon, Maria Zakharova, Macron's, Stephane Sejourne, John Kirby, Kirby, General Stoltenberg, —, Biden, Timothy Ash, Ash Organizations: Defence, Sputnik, Reuters, NATO, Russian, Russia's Foreign Ministry, Ukraine —, Russian Foreign, Tass, Chesnot, Getty, White, . National Security, Kremlin Russia, Kremlin, Russia, BlueBay Asset Management Locations: Nazi Germany, Moscow, Russia, Reuters Russia, Ukraine, United States, Germany, Spain, Poland, NATO, Russian, France, Canada, Paris, France's, Republic, U.S

☆ 4 reasons why Wall Street fears that Nvidia's hard-earned gains could go up in smoke
▼ + stars: | 2024-02-27 | by ( James Faris | ) www.businessinsider.com time to read: +8 min

In the last 15 months, Wall Street analysts have hailed generative AI as the most impactful innovation in decades and compared its theoretical impact to that of the internet. While the full impact of AI isn't clear yet, companies are under immense pressure to convince investors that they're not falling behind. "We can't envision any of these large cloud companies or consumer companies pulling back on AI spending anytime soon," Colello said. UBS"This is not always a harbinger of slowing revenue growth and a concentrated H200/B100 launch could be adding to near-term opex," Arcuri wrote in a recent note. AdvertisementDespite what Nvidia's recent performance suggests, Wall Street is notoriously tough to please.

Persons: —, Morgan Stanley, Steve Sosnick, Wedbush's Dan Ives, who's, Marcelli, they're, Sosnick, Brian Colello, Colello, They're, we're, Vivek Arya, Arya, Michael Landsberg, Landsberg, Jason Draho, Draho, Timothy Arcuri, Arcuri Organizations: Service, Wall Street, Business, Nvidia, Interactive, Bulls, Bank of America, Wedbush Securities, UBS, UBS Global Wealth Management, Morningstar, Landsberg Bennett, Wealth Management

☆ Chip analysts boost Nvidia price targets in race to catch up to chipmaker's relentless 'joyride'
▼ + stars: | 2024-02-22 | by ( Samantha Subin | ) www.cnbc.com time to read: +4 min

That led several Wall Street banks to hike their price targets to account for the unrelenting demand. Bernstein and other Wall Street shops raced to catch up with Nvidia's share price, hiking their price targets in reaction to nonstop demand and the company's enormous total addressable market. Rasgon's new target was the equivalent of 48% upside from Wednesday's close, while the average price target according to FactSet implied more than 22% upside. Bank of America's Vivek Arya also lifted his Nvidia price target to $925 per share, equal to about 37% upside. JPMorgan analyst Harlan Sur boosted his price target to $850 to reflect strong data center growth and future product launches.

Persons: Bernstein's Stacy Rasgon, Bernstein, America's Vivek Arya, Harlan Sur, allaying, Sur, Goldman Sachs, Toshiya Hari, Morgan Stanley's Joseph Moore, Moore, Deutsche Bank's Ross Seymore, Seymore, Timothy Arcuri, Arcuri, — CNBC's Michael Bloom Organizations: Nvidia, Bank, America's, JPMorgan, Deutsche, UBS Locations: CY24

☆ What to expect from Nvidia earnings after the stock's 'recent parabolic run-up'
▼ + stars: | 2024-02-21 | by ( Samantha Subin | ) www.cnbc.com time to read: +3 min

Some Wall Street analysts are bracing for a pullback in Nvidia shares after the chipmaker reports fiscal fourth quarter results after the bell Wednesday. "We reiterate Buy/top pick ahead of NVDA Feb-21 earnings but won't be surprised to see a notable but brief pullback after the recent parabolic run-up in the stock," wrote Bank of America analyst Vivek Arya in a recent note. Nvidia shares slid more than 4% during Tuesday's session, but they have surged 40% in 2024. "Hence, we see limited room for further earnings upside in 2024 relative to the sales and earnings surprise that we saw in 2023." Even if Nvidia tops estimates, some on Wall Street anticipate a post-earnings decline akin to what's occurred during previous prints.

Persons: NVDA, Vivek Arya, Frank Lee, Tom O'Malley, Morgan Stanley's Joseph Moore, haven't, Rosenblatt, Raymond James, Srini Pajjuri, O'Malley, Timothy Arcuri, Evercore ISI's Julian Emanuel, — CNBC's Michael Bloom Organizations: Nvidia, Bank of America, HSBC, Barclays, UBS

☆ Data center capacity constraints could 'hurt' Nvidia's longer-term revenue, according to UBS
▼ + stars: | 2024-02-20 | by ( Pia Singh | ) www.cnbc.com time to read: +3 min

Data center capacity constraints could one day eat into Nvidia's revenue potential, according to UBS analysts. "A major factor that we believe will probably start coming into play is data center capacity — which we do think starts to hurt revenue, albeit maybe more in 2026 than in 2025," Arcuri said, in a separate report. For the fourth quarter, UBS expects Nvidia to report data center revenue of $19.45 billion, which would entail sequential growth of 34%. It also expects revenue and earnings per share, as well as data center revenue, to increase in 2025 and 2026. According to FactSet, average estimates for data center revenue are around $17.06 billion and $20.4 billion in total revenue for the fourth quarter.

Persons: Timothy Arcuri, Carlos Colorado, Arcuri Organizations: UBS, UBS —, Nvidia, Microsoft, Amazon Locations: Colorado, U.S

☆ Democrats pivot on immigration as Republicans take a stand against Biden
▼ + stars: | 2024-02-14 | by ( Zachary Wolf | Analysis Zachary B. Wolf | ) edition.cnn.com time to read: +7 min

CNN —The immigration and border crisis is quickly morphing into the dominant issue of American politics – and Democrats are pivoting faster than Republicans at the moment. It took two tries, but House Republicans made their point and voted by the narrowest possible margin to impeach Homeland Security Secretary Alejandro Mayorkas, the first impeachment of a Cabinet secretary since the 1870s. He tacked to the middle specifically on the issue of immigration, hammering Republicans for refusing to work with Democrats on an immigration compromise. Except voters concerned about immigration told CNN reporters that it was also dysfunction on Capitol Hill – Republicans rejected even the idea of a bipartisan immigration deal last week – that drove their votes. Democrats and Republicans in the Senate joined together to pass a foreign aid package this week after it was decoupled from the border compromise.

Persons: –, Joe Biden, Donald Trump’s, Biden, Mayorkas, Alejandro Mayorkas, George Santos, Tom Suozzi, “ Let’s, ” Suozzi, Timothy A, Clary, Santos, Eric Adams, Greg Abbott, Mike Johnson, Johnson, Suozzi, “, ”, ” Johnson, bipartisanship, Hakeem Jeffries, ” Jeffries, Mike Gallagher of, impeaching Mayorkas, ” Gallagher, Larry Hogan, Hogan, CNN’s Dana, ” Hogan, “ I’m, it’s Organizations: CNN, York House, Republicans, Homeland, Democrats, Immigration, Customs, GOP, Trump, Getty, Texas Gov, Republican, Capitol Hill, Hill, “, Capitol, Capitol Hill ., Maryland Gov, Trump Republican Locations: York, New York, midtown Manhattan, AFP, New York City, Texas, Ukraine, Israel, Capitol Hill, Mike Gallagher of Wisconsin, America, Washington

UBS hiked its price target on Nvidia , citing an attractive valuation and strong demand for its chips. The firm upgraded shares to overweight from neutral and upped its target price by $17 to $68, which implies 24.3% potential upside. He upgraded shares to buy from neutral and increased his price target from £17 to £21. — Pia Singh 5:47 a.m.: UBS hikes Nvidia price target UBS is getting even more bullish on Nvidia ahead of the chipmaker's fiscal fourth-quarter earnings report. Despite the price target increase, Nvidia shares were down 1% in the premarket.

Persons: Riley Securities downgrades, Jeff Lick, Children's, Lick, — Pia Singh, Piper Sandler, Trimble, Clarke Jeffries, Mark Palmer, Palmer, Andrew Baum, Baum, GSK's, Timothy Arcuri, Arcuri, NVDA, Fred Imbert Organizations: CNBC, UBS, Nvidia, Citi, GSK, Riley Securities, Children's, Investment, Block Locations: Lick, Monday's, C2H

☆ Why AI can’t replace air traffic controllers
▼ + stars: | 2024-02-12 | by ( Amy Pritchett | ) edition.cnn.com time to read: +9 min

In the air traffic control system, everything must meet the highest levels of safety, but not everything goes according to plan. I’m an aerospace engineer who led a National Academies study ordered by Congress about air traffic controller staffing. What air traffic controllers do? The Federal Aviation Administration’s fundamental guidance for the responsibility of air traffic controllers states: “The primary purpose of the air traffic control system is to prevent a collision involving aircraft.” Air traffic controllers are also charged with providing “a safe, orderly and expeditious flow of air traffic” and other services supporting safety, such as helping pilots avoid mountains and other hazardous terrain and hazardous weather, to the extent they can. Researchers are using machine learning to analyze and predict aspects of air traffic and air traffic control, including air traffic flow between cities and air traffic controller behavior.

Persons: Tolga Akmen, Timothy Arel, Harry Reid, Ethan Miller, Amy Pritchett Organizations: CNN, National Academies, Congress, Federal Aviation, Air, FAA, London Heathrow, Tolga, Getty, U.S . Senate, Robotics, Cessna, United Airlines, Kansas City Chiefs United Airlines, Harry Reid International, Air Force One, Penn State University, National Science Foundation, Center, Aerial Mobility, NASA Locations: AFP, Las Vegas

☆ In Trump's NY hush-money case, key decisions at his court appearance on Thursday will shape his first felony trial
▼ + stars: | 2024-02-11 | by ( Laura Italiano | ) www.businessinsider.com time to read: +9 min

Donald Trump returns to court Thursday in his New York hush-money case. The hush-money case is on track to be tried first out of the former president and GOP frontrunner's four felony indictments. AdvertisementCourt officers kept careful watch at Donald Trump's hush-money arraignment in New York. Merchan pushed back on any premature trial-date tinkering in a letter he sent the hush-money defense team in early September. Reuters/Jane RosenbergSquabbling over evidenceThere's been plenty of squabbling over evidence in the past six months, the hush-money case file shows.

Persons: Donald Trump, —, Stormy Daniels, Juan Merchan, Todd Blanche, Susan Necheles, Timothy A, Clary, He'll, Donald Trump's, Andrew Kelly, Trump, it's, Trump's, Merchan, Jane Rosenberg, Bob Woodward, what's, Matthew Colangelo, Colangelo, There's, Attorney Alvin Bragg Organizations: Service, GOP, NY, Trump, Business, Reuters, Manhattan Criminal, New, Manhattan, Attorney, COC, Prosecutors Locations: New York, Manhattan, Florida, Georgia, Brooklyn, New York County

“She had no idea what was on that phone, but that phone contained the lynchpin to this case,” Dunlop said. Smith was registered to stay at the hotel from Sept. 2 to Sept. 4, 2019; the first images showing Henry's body were time-stamped at about 1 a.m. on Sept. 4, police said. “What he does say is that he found the body of Kathleen Jo Henry in his truck the next morning. The last images on the card were taken early on Sept. 6 and showed Henry’s body in the back of a black pickup, according to charging documents. Alaska State Troopers in 2018 incorrectly identified another body as that of Abouchuk, because Abouchuk’s ID had been discovered with it, for reasons that remain unclear.

Persons: Brian Steven Smith, Kathleen Jo Henry, Veronica Abouchuk, Henry, Abouchuk, ”, Brittany Dunlop, “, Timothy Ayer, Smith, Ayer, Valerie Casler, it’s, ” Ayer, “ She’s, Kevin Saxby, ” Dunlop, Dunlop Organizations: Authorities, Marriott, Alaska State Troopers Locations: ANCHORAGE, Alaska, Anchorage, South Africa, Rainbow, Seward

☆ How Trump's 'I'm rich!' boasts are coming back to bite him in court
▼ + stars: | 2024-02-02 | by ( Laura Italiano | Jacob Shamsian | ) www.businessinsider.com time to read: +11 min

The day before awarding Carroll $83.3 million in damages — Trump's penance for calling her a lying "whack job" when she told the world he'd sexually assaulted her — jurors heard, firsthand, how rich he was. AdvertisementTrump's "I'm rich" boasts hurt him in both the Carroll verdict and the upcoming fraud trial verdict, Snell said. Punitive damages in defamation cases are supposed to have a deterrent effect, to stop the defamation from happening again. AdvertisementTrump's wealth also illustrates why the jury imposed enormous punitive damages compared to the $18.3 million to compensate Carroll. The Carroll jury also heard Trump boast about the value of his "brand."

Persons: Donald Trump's, Jean Carroll, Donald Trump, Carroll, Roberta Kaplan, Trump, Letitia James, I'm, Tristan Snell, General's, Snell, Trump's, —, Kaplan, J, Erik Connolly, Connolly, Stephanie Keith, There's, We've, that's, Forbes, Timothy A, Clary, didn't, Chris Mattei, Alex Jones, Mattei, Arthur Engoron, Engoron Organizations: Carroll, Trump, New York Attorney, New, New York, Trump University, Disney, Benesch, NEW, Manhattan Federal Court, E, MSNBC, Trump Organization, Forbes, Bloomberg, Getty Locations: Manhattan, Smartmatic, New York City, AFP, New York

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